LegalizeReform history
Income and Corporation Taxes Act 1988
100 versions
· 1988-02-09
2022-07-14
Income and Corporation Taxes Act 1988
2019-07-05
Income and Corporation Taxes Act 1988
2019-02-12
Income and Corporation Taxes Act 1988
2017-11-16
Income and Corporation Taxes Act 1988
2017-04-27
Income and Corporation Taxes Act 1988
2017-04-06
Income and Corporation Taxes Act 1988
2016-12-14
Income and Corporation Taxes Act 1988
2016-09-15
Income and Corporation Taxes Act 1988
2016-08-12
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2016-06-16
Income and Corporation Taxes Act 1988
2015-03-26
Income and Corporation Taxes Act 1988
2015-02-12
Income and Corporation Taxes Act 1988
2014-08-01
Income and Corporation Taxes Act 1988
2014-07-17
Income and Corporation Taxes Act 1988
2014-01-01
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2013-07-17
Income and Corporation Taxes Act 1988
2013-04-06
Income and Corporation Taxes Act 1988
2012-07-17
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2012-04-01
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2012-03-14
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2011-08-11
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2011-07-19
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2011-06-16
Income and Corporation Taxes Act 1988
2011-02-25
Income and Corporation Taxes Act 1988
2010-12-16
Income and Corporation Taxes Act 1988
2010-10-01
Income and Corporation Taxes Act 1988
2010-07-27
Income and Corporation Taxes Act 1988
2010-04-08
Income and Corporation Taxes Act 1988
2010-04-01
Income and Corporation Taxes Act 1988
2009-12-01
Income and Corporation Taxes Act 1988
2009-11-11
Income and Corporation Taxes Act 1988
2009-10-01
Income and Corporation Taxes Act 1988
2009-09-01
Income and Corporation Taxes Act 1988
2009-08-13
Income and Corporation Taxes Act 1988
2009-07-21
Income and Corporation Taxes Act 1988
2009-06-01
Income and Corporation Taxes Act 1988
2009-04-23
Income and Corporation Taxes Act 1988
2009-04-22
Income and Corporation Taxes Act 1988
2009-04-06
Income and Corporation Taxes Act 1988
2009-04-01
Income and Corporation Taxes Act 1988
2009-02-21
Income and Corporation Taxes Act 1988
2009-02-03
Income and Corporation Taxes Act 1988
2009-01-01
Income and Corporation Taxes Act 1988
2008-12-27
Income and Corporation Taxes Act 1988
2008-12-01
Income and Corporation Taxes Act 1988
2008-10-29
Income and Corporation Taxes Act 1988
2008-10-28
Income and Corporation Taxes Act 1988
2008-09-08
Income and Corporation Taxes Act 1988
2008-08-12
Income and Corporation Taxes Act 1988
2008-07-22
Income and Corporation Taxes Act 1988
2008-07-21
Income and Corporation Taxes Act 1988
2008-07-08
Income and Corporation Taxes Act 1988
2008-07-01
Income and Corporation Taxes Act 1988
2008-04-06
Income and Corporation Taxes Act 1988
2008-04-01
Income and Corporation Taxes Act 1988
2008-02-19
Income and Corporation Taxes Act 1988
2008-01-03
Income and Corporation Taxes Act 1988
2008-01-01
Income and Corporation Taxes Act 1988
2007-12-28
Income and Corporation Taxes Act 1988
2007-12-27
Income and Corporation Taxes Act 1988
2007-12-06
Income and Corporation Taxes Act 1988
2007-11-29
Income and Corporation Taxes Act 1988
2007-10-01
Income and Corporation Taxes Act 1988
2007-09-01
Income and Corporation Taxes Act 1988
2007-08-14
Income and Corporation Taxes Act 1988
2007-08-13
Income and Corporation Taxes Act 1988
2007-07-19
Income and Corporation Taxes Act 1988
2007-07-17
Income and Corporation Taxes Act 1988
2007-04-17
Income and Corporation Taxes Act 1988
2007-04-06
Income and Corporation Taxes Act 1988
2007-04-01
Income and Corporation Taxes Act 1988
2007-03-29
Income and Corporation Taxes Act 1988
2007-03-21
Income and Corporation Taxes Act 1988
2007-03-01
Income and Corporation Taxes Act 1988
2007-01-08
Income and Corporation Taxes Act 1988
2007-01-01
Income and Corporation Taxes Act 1988
2006-12-31
Income and Corporation Taxes Act 1988
2006-12-26
Income and Corporation Taxes Act 1988
2006-12-12
Income and Corporation Taxes Act 1988
2006-12-06
Income and Corporation Taxes Act 1988
2006-08-11
Income and Corporation Taxes Act 1988
2006-07-19
Income and Corporation Taxes Act 1988
2006-06-09
Income and Corporation Taxes Act 1988
2006-04-06
Income and Corporation Taxes Act 1988
2006-04-01
Income and Corporation Taxes Act 1988
Changes on 2006-04-01
@@ -4,7 +4,7 @@
### Income tax
#### Computation of income tax where no profits in year of assessment.
#### Case V income from land outside UK: corporation tax.
##### 1
@@ -168,7 +168,7 @@
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Transactions with substantial donors
#### Manner of making allowances and charges.
##### 9
@@ -316,7 +316,7 @@
### Small companies’ rate
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying vehicles
##### 13
@@ -11006,7 +11006,7 @@
- (b) the rights of the unit holders were shares in the company;
but paragraph (b) above is without prejudice to the making of distributions which are interest distributions (within the meaning of section 468L) to unit holders
but paragraph (b) above is without prejudice to the making of distributions which are interest distributions (within the meaning of regulations made under section 17(3) of the Finance (No. 2) Act 2005 (as at 1st April 2006, see regulation 18(3) of the Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964))) to unit holders
- (1A) In relation to any authorised unit trust the rate of corporation tax for the financial year 1996 and subsequent financial years shall be deemed to be the rate at which income tax at the lower rate is charged for the year of assessment which begins on 6th April in the financial year concerned and sections 13 , 13AA and 13AB shall not apply.
@@ -29239,7 +29239,7 @@
## SCHEDULE 31
#### The charge to income tax.
#### Application of lower rate to income from savings and distributions.
##### 1A
@@ -29729,7 +29729,7 @@
- (9) In the application of this section to Scotland, references to a lease granted out of a taxed lease are to be construed as references to a sublease of land subject to the taxed lease.
#### Schedule F.
#### Schedule E.
##### 42A
@@ -30115,7 +30115,7 @@
For this purpose “*debit*” means an amount which for accounting purposes reduces a profit, or increases a loss, for a period of account.
#### Regulations
#### Restrictions on relief
##### 75B
@@ -30231,7 +30231,7 @@
- (5) “*Repayment provision*” has the meaning given in section 76A(3).
#### Saving for pre-1963 leases, and special relief for individuals.
#### Rules for ascertaining duration of leases.
##### 79A
@@ -30495,7 +30495,7 @@
- “taxed receipt” (see section 287(4) of that Act).
#### Interpretation of Part III.
#### Income tax: mode of charge.
##### 88A
@@ -31145,7 +31145,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Commencement of direction under section 50 or 51.
#### Treasury directions as respects Northern Ireland securities.
### Limited liability partnerships
@@ -31673,8999 +31673,8733 @@
#### Payments to Export Credit Guarantee Department.
#### Paying agents.
##### 140A
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##### 140B
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##### 140C
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##### 140D
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##### 140E
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##### 140F
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##### 140G
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##### 140H
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#### Definitions.
##### 140A
##### 144A
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##### 140B
##### 146A
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##### 140C
##### 151A
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##### 140D
##### 155ZA
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##### 140E
##### 155ZB
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##### 140F
##### 155AA
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##### 140G
##### 155A
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##### 140H
#### Cars available for private use.
##### 156A
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#### Definitions.
##### 144A
##### 157A
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##### 146A
##### 159AA
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##### 151A
##### 159AB
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##### 155ZA
##### 159AC
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##### 155ZB
##### 159A
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##### 155AA
##### 161A
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##### 155A
##### 161B
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#### Cars available for private use.
##### 156A
##### 168A
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##### 157A
##### 168AA
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##### 159AA
##### 168AB
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##### 159AB
##### 168B
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##### 159AC
##### 168C
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##### 159A
##### 168D
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##### 161A
##### 168E
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##### 161B
##### 168F
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##### 168A
##### 168G
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##### 168AA
#### Exceptions from tax.
#### Change of scheme employer.
##### 177A
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##### 168AB
##### 177B
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##### 168B
### Contributions in respect of share option gains
#### Interpretation of sections 185 and 186 and Schedules 9 and 10.
##### 187A
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##### 168C
### Removal expenses and benefits
##### 191A
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##### 168D
##### 191B
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##### 168E
##### 192A
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##### 168F
#### Foreign pensions.
##### 197A
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##### 168G
##### 197AA
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#### Exceptions from tax.
#### Change of scheme employer.
##### 177A
##### 197AB
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##### 177B
##### 197AC
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### Contributions in respect of share option gains
#### Interpretation of sections 185 and 186 and Schedules 9 and 10.
##### 187A
### Mileage allowances
##### 197AD
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### Removal expenses and benefits
##### 191A
##### 197AE
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##### 191B
#### Giving effect to mileage allowance relief
##### 197AF
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##### 192A
##### 197AG
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##### 197AH
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### Mileage allowances
##### 197B
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##### 197C
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##### 197D
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##### 197E
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##### 197F
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### Sporting and recreational facilities
##### 197G
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##### 198A
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##### 200ZA
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##### 200AA
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##### 200A
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##### 200B
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##### 200C
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##### 200D
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##### 200E
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##### 200F
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##### 200G
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##### 200H
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##### 200J
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##### 201AA
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##### 201A
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##### 202A
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##### 202B
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##### 203A
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##### 203B
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##### 203C
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##### 203D
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##### 203E
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##### 203F
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##### 203FA
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##### 203FB
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##### 203G
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##### 203H
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##### 203I
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##### 203J
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##### 203K
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##### 203L
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##### 206A
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##### 207A
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#### PAYE: payment by intermediary.
##### 209A
- (1) Subsection (3AA) of section 209 does not apply in relation to a security issued by a company (the “*issuing company*”) if the security is one which to a significant extent reflects dividends or other distributions in respect of, or fluctuations in the value of, shares in one or more companies each of which is—
- (a) the issuing company; or
- (b) an associated company of the issuing company;
but this subsection is subject to the following provisions of this section.
- (2) Subsection (1) above does not prevent subsection (3AA) of section 209 above from applying in relation to a security if—
- (a) the issuing company is a bank or securities house;
- (b) the security is issued by the issuing company in the ordinary course of its business; and
- (c) the security reflects dividends or other distributions in respect of, or fluctuations in the value of, shares in companies falling within paragraph (a) or (b) of subsection (1) above by reason only that the security reflects fluctuations in a qualifying index.
- (3) In subsection (2)(c) above “*qualifying index*” means an index whose underlying subject matter includes both—
- (a) shares in one or more companies falling within paragraph (a) or (b) of subsection (1) above, and
- (b) shares in one or more companies falling within neither of those paragraphs,
and which is an index such that the shares falling within paragraph (b) above represent a significant proportion of the market value of the underlying subject matter of the index.
- (4) In this section—
- “*bank*” has the meaning given by section 840A;
- “*securities house*” means any person—who is authorised for the purposes of the Financial Services and Markets Act 2000; andwhose business consists wholly or mainly of dealing in financial instruments as principal;and in paragraph (b) above “*financial instrument*” has the meaning given by section 349(5) and (6).
- (5) For the purposes of this section a company is an “*associated company*” of another at any time if at that time one has control of the other or both are under the control of the same person or persons.
- (6) For the purposes of subsection (5) above, “*control*”, in relation to a company, means the power of a person to secure—
- (a) by means of the holding of shares or the possession of voting power in or in relation to the company or any other company, or
- (b) by virtue of any powers conferred by the articles of association or other document regulating the company or any other company,
that the affairs of the company are conducted in accordance with his wishes.
- (7) There shall be left out of account for the purposes of subsection (6) above—
- (a) any shares held by a company, and
- (b) any voting power or other powers arising from shares held by a company,
if a profit on a sale of the shares would be treated as a trading receipt of a trade carried on by the company and the shares are not, within the meaning of Chapter 1 of Part 12, assets of an insurance company’s long-term insurance fund (see section 431(2)).
##### 209B
- (1) Subsection (3AA) of section 209 does not at any time apply in relation to a security issued by a company (the “*issuing company*”) if at that time, or any earlier time on or after 17th April 2002, there are or have been any hedging arrangements that relate to some or all of the company’s liabilities under the security.
- (2) Subsection (1) above does not prevent subsection (3AA) of section 209 from applying in relation to a security at any time if—
- (a) conditions 1 to 4 below are satisfied in relation to any such hedging arrangements at that time; and
- (b) at all earlier times on or after 17th April 2002 when there have been hedging arrangements that relate to some or all of the company’s liabilities under the security, conditions 1 to 4 below were satisfied in relation to those hedging arrangements.
- (3) Where subsection (3AA) of section 209 at any time ceases to apply in relation to a security by virtue of this section, subsection (2)(d) of that section shall have effect in relation to the security as from that time as it would have had effect if subsection (3AA) had never applied in relation to the security.
- (4) Condition 1 is that the hedging arrangements do not constitute, include, or form part of, any scheme or arrangement the purpose or one of the main purposes of which is the avoidance of tax (including stamp duty or stamp duty land tax).
- (5) Condition 2 is that the hedging arrangements are such that, where for the purposes of corporation tax a deduction in respect of the security falls to be made at any time by the issuing company, then at that time, or within a reasonable time before or after it, any amounts intended under the hedging arrangements to offset some or all of that deduction arise—
- (a) to the issuing company; or
- (b) to a company which is a member of the same group of companies as the issuing company.
- (6) Condition 3 is that the whole of every amount arising as mentioned in subsection (5) above is brought into charge to corporation tax—
- (a) by a company falling within paragraph (a) or (b) of that subsection, or
- (b) by two or more companies, taken together, each of which falls within paragraph (a) or (b) of that subsection.
- (7) Condition 4 is that for the purposes of corporation tax any deductions in respect of expenses of establishing or administering the hedging arrangements are reasonable, in proportion to the amounts required to be brought into charge to corporation tax by subsection (6) above.
- (8) For the purposes of this section “*hedging arrangements*”, in relation to a security, means any scheme or arrangement for the purpose, or for purposes which include the purpose, of securing that an amount of income or gain accrues, or is received or receivable, whether directly or indirectly, which is intended to offset some or all of the amounts which fall to be brought into account, in accordance with generally accepted accounting practice, in respect of amounts accruing or falling to be paid in accordance with the terms of the security.
- (9) Any reference in this section to two companies being members of the same group of companies is a reference to their being members of the same group of companies for the purposes of Chapter 4 of Part 10 of this Act (group relief).
##### 213A
- (1) A reference in the Corporation Tax Acts to distributions of a company shall not apply to a distribution if—
- (a) it is a distribution consisting of—
- (i) the transfer of part of a business by a company (“the distributing company”) to one or more other companies (“the transferee company or companies”), and
- (ii) the issue of shares by the transferee company or companies to the members of the distributing company, and
- (b) the requirements of either section 140A(1A) of the 1992 Act (division of UK business) or section 140C(1A) of that Act (division of non-UK business) are satisfied in relation to the distribution.
- (2) A distribution to which this section applies is an “*exempt distribution*” for the purposes of sections 214 to 217.
- (3) The expression “*relevant company*” in sections 214 to 217 includes the distributing company and the transferee company or companies.
### Industrial and provident society dividends etc
##### 230A
- (1) This section applies if—
- (a) a dividend or bonus is granted by a registered industrial and provident society, and
- (b) section 132 (deduction for dividends etc granted by industrial and provident societies) of CTA 2009 allows the sum representing the dividend or bonus to be deducted in calculating the profits of a trade.
- (2) The dividend, or the bonus, is not treated as a distribution for the purposes of the Corporation Tax Acts.
##### 231A
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##### 231AA
- (1) A person shall not be entitled to a tax credit under section 231 above or section 397(1) of ITTOIA 2005 in respect of a qualifying distribution if—
- (a) he is the borrower under a stock lending arrangement or the interim holder under a repurchase agreement;
- (b) the qualifying distribution is, or is a payment representative of, a distribution in respect of securities to which the arrangement or agreement relates; and
- (c) a manufactured dividend representative of that distribution is paid by that person in respect of securities to which the arrangement or agreement relates.
- (1A) Where subsection (1) above applies to a person resident in the United Kingdom in respect of a qualifying distribution, section 399(2) of ITTOIA 2005 (certain persons to be treated as having paid income tax at dividend ordinary rate on certain distributions etc) shall not apply in relation to that person in respect of that distribution.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) In this section “*stock lending arrangement*” has the same meaning as in section 263B of the 1992 Act and, in relation to any such arrangement, any reference to the borrower, or the securities to which the arrangement relates, shall be construed accordingly.
- (3) For the purposes of this section the cases where there is a repurchase agreement are the following—
- (a) any case falling within subsection (1) of section 730A; and
- (b) any case which would fall within that subsection if the sale price and the repurchase price were different;
and, in any such case, any reference to the interim holder, or the securities to which the agreement relates, shall be construed accordingly.
- (4) For the purposes of this section “*manufactured dividend*” has the same meaning as in paragraph 2 of Schedule 23A (and any reference to a manufactured dividend being paid accordingly includes a reference to a payment falling by virtue of section 736B(2) or 737A(5) to be treated for the purposes of Schedule 23A as if it were made).
##### 231AB
- (1) A person shall not be entitled to a tax credit under section 231 above or section 397(1) of ITTOIA 2005 in respect of a qualifying distribution if—
- (a) he is the original owner under a repurchase agreement;
- (b) the qualifying distribution is a manufactured dividend paid to that person by the interim holder under the repurchase agreement in respect of securities to which the agreement relates; and
- (c) the repurchase agreement is not such that the actual dividend which the manufactured dividend represents is receivable otherwise than by the original owner.
- (1A) Where subsection (1) above applies to a person resident in the United Kingdom in respect of a qualifying distribution, section 399(2) of ITTOIA 2005 (certain persons to be treated as having paid income tax at dividend ordinary rate on certain distributions etc) shall not apply in relation to that person in respect of that distribution.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) For the purposes of this section the cases where there is a repurchase agreement are the following—
- (a) any case falling within subsection (1) of section 730A; and
- (b) any case which would fall within that subsection if the sale price and the repurchase price were different;
and, in any such case, any reference to the original owner, the interim holder, or the securities to which the agreement relates, shall be construed accordingly.
- (3) Subsection (4) of section 231AA applies for the purposes of this section as it applies for the purposes of that section.
##### 231B
- (1) This section applies in any case where—
- (a) a person (“A”) is entitled to a tax credit in respect of a qualifying distribution;
- (b) arrangements subsist such that another person (“B”) obtains, whether directly or indirectly, a payment representing any of the value of the tax credit;
- (c) the arrangements (whether or not made directly between A and B) were entered into for an unallowable purpose; and
- (d) the condition in subsection (2) below is satisfied.
- (2) The condition is that if B had been the person entitled to the tax credit and the qualifying distribution to which it relates, and had received the distribution when it was made, then—
- (a) B would not have been entitled to obtain any payment under section 231(2) or (3) in respect of the tax credit; and
- (b) if B is a company, B could not have used the income consisting of the distribution to frank a distribution actually made in the accounting period in which it would have received the distribution to which the tax credit relates.
- (3) This section does not apply if and to the extent that any other provision of the Tax Acts has the effect of cancelling or reducing the tax advantage which would otherwise be obtained by virtue of the arrangements.
- (4) Where this section applies—
- (a) no claim shall be made under section 231(2) for payment of the amount of the tax credit;
- (b) no claim shall be made under section 397(2) of ITTOIA 2005. . . in respect of the tax credit;
- (c) the income consisting of the distribution in respect of which A is entitled to the tax credit shall not be regarded for the purposes of section 241 as franked investment income; and
- (d) no claim shall be made under section 35 of the Finance (No. 2) Act 1997 (transitional relief) for payment of an amount determined by reference to that distribution.
- (5) For the purposes of this section, the question whether any arrangements were entered into for an “unallowable purpose” shall be determined in accordance with subsections (6) and (7) below.
- (6) Arrangements are entered into for an unallowable purpose if the purposes for which at least one person is a party to the arrangements include a purpose which is not amongst the business or other commercial purposes of that person.
- (7) Where one of the purposes for which a person enters into any arrangements is the purpose of securing that that person or another obtains a tax advantage, that purpose shall be regarded as a business or other commercial purpose of the person only if it is neither the main purpose, nor one of the main purposes, for which the person enters into the arrangements.
- (8) Any reference in this section to a person obtaining a tax advantage includes a reference to a person obtaining a payment representing any of the value of a tax credit in circumstances where, had the person obtaining the payment been entitled to the tax credit and the qualifying distribution to which it relates, that person—
- (a) would not have been entitled to obtain any payment under section 231(2) or (3) in respect of the tax credit; and
- (b) if that person is a company, could not have used the income consisting of the distribution to frank a distribution actually made in the accounting period in which it would have received the distribution to which the tax credit relates.
- (9) If an amount representing any of the value of a tax credit to which a person is entitled is applied at the direction of, or otherwise in favour of, some other person (whether by way of set off or otherwise), the case shall be treated for the purposes of this section as one where that other person obtains a payment representing any of the value of the tax credit.
- (10) In determining for the purposes of subsections (2)(b) and (8)(b) b above whether a company could have used the income consisting of the distribution in question to frank a distribution of the company, the company shall be taken to use its actual franked investment income to frank distributions before using the income consisting of the distribution in question.
- (11) References in this section to using franked investment income to frank a distribution of a company have the same meaning as in Chapter V of Part VI.
- (12) In this section—
- “*arrangements*” means arrangements of any kind, whether in writing or not (and includes a series of arrangements, whether or not between the same parties);
- “*business or other commercial purposes*” includes the efficient management of investments;
- “*franked investment income*” has the same meaning as in Chapter V of Part VI and references to income consisting of a distribution shall be construed accordingly;
- “*tax advantage*” has the same meaning as in Chapter I of Part XVII.
#### Section 209(3AA): link to shares of company or associated company
##### 234A
- (1) This section applies where dividend or interest is distributed by a company which is—
- (a) a company within the meaning of the Companies Act 1985 or the Companies (Northern Ireland) Order 1986, or
- (b) a company created by letters patent or by or in pursuance of an Act.
- (2) If the company makes a payment of dividend or interest to any person, and subsection (3) below does not apply, within a reasonable period the company shall send an appropriate statement to that person.
- (3) If the company makes a payment of dividend or interest into a bank or building society account held by any person, within a reasonable period the company shall send an appropriate statement to either—
- (a) the bank or building society concerned, or
- (b) the person holding the account.
- (4) In a case where—
- (a) a statement is received by a person under subsection (2) or (3)(b) above,
- (b) the whole or part of the sum concerned is paid to or on behalf of the person as nominee for another person, and
- (c) the nominee makes a payment of the sum or part to the other person and subsection (5) below does not apply,
within a reasonable period the nominee shall send an appropriate statement to that person.
- (5) In a case where—
- (a) a statement is received by a person under subsection (2) or (3)(b) above,
- (b) the whole or part of the sum concerned is paid to or on behalf of the person as nominee for another person, and
- (c) the nominee makes a payment of the sum or part into a bank or building society account held by the other person,
within a reasonable period the nominee shall send an appropriate statement to either the bank or building society concerned or the other person.
- (6) In the case of a payment of interest which is not a qualifying distribution or part of a qualifying distribution, references in this section to an appropriate statement are to a written statement showing—
- (a) the gross amount which, after deduction of the income tax appropriate to the interest, corresponds to the net amount actually paid,
- (b) the rate and the amount of income tax appropriate to such gross amount,
- (c) the net amount actually paid, and
- (d) the date of the payment.
- (7) In the case of a payment of dividend or interest which is a qualifying distribution or part of a qualifying distribution, references in this section to an appropriate statement are to a written statement showing—
- (a) the amount of the dividend or interest paid,
- (b) the date of the payment, and
- (c) the amount of the tax credit to which a person is entitled in respect of the dividend or interest, or to which a person would be so entitled if he had a right to a tax credit in respect of the dividend or interest.
- (8) In this section “*send*” means send by post.
- (8A) In this section “*bank*” has the meaning given by section 840A.
- (9) If a person fails to comply with subsection (2), (3), (4) or (5) above, the person shall incur a penalty of £60 in respect of each offence, except that the aggregate amount of any penalties imposed under this subsection on a person in respect of offences connected with any one distribution of dividends or interest shall not exceed £600.
- (10) The Board may by regulations provide that where a person is under a duty to comply with subsection (2), (3), (4) or (5) above, the person shall be taken to comply with the subsection if the person either—
- (a) acts in accordance with the subsection concerned, or
- (b) acts in accordance with rules contained in the regulations;
and subsection (9) above shall be construed accordingly.
- (11) Regulations under subsection (10) above may make different provision for different circumstances.
##### 245A
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##### 245B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Chapter VA — Foreign Income Dividends
### Election by company paying dividend
#### Taxation of certain recipients of distributions and in respect of non-qualifying distributions.
##### 246A
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##### 246B
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### Recipient of foreign income dividend
##### 246C
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##### 246D
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### Companies: payments and receipts
##### 246E
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##### 246F
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##### 246G
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##### 246H
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### Foreign source profit and distributable foreign profit
##### 246I
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### Matching of dividend with distributable foreign profit
##### 246J
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##### 246K
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##### 246L
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##### 246M
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### Repayment or set-off of advance corporation tax
##### 246N
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##### 246P
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##### 246Q
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##### 246R
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### International headquarters companies
##### 246S
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##### 246T
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##### 246U
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##### 246V
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##### 246W
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### Adjustments
##### 246X
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Application of this Chapter
##### 246Y
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Taxation of certain recipients of distributions and in respect of non-qualifying distributions.
### Approved share incentive plans
##### 251A
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##### 251B
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##### 251C
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#### Further interpretation of sections 135 to 139.
##### 251D
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##### 256A
- (1) For the purposes of this Chapter an individual's adjusted net income for a year of assessment is calculated as follows.
*Step 1*
Take the amount of the individual's net income for the year of assessment.
*Step 2*
If in the year of assessment the individual makes, or is treated under section 426 of ITA 2007 as making, a gift that is a qualifying donation for the purposes of Chapter 2 of Part 8 of that Act (gift aid) deduct the grossed up amount of the gift.
*Step 3*
If the individual is given relief in accordance with section 192 of FA 2004 (relief at source) in respect of any contribution paid in the year of assessment under a pension scheme, deduct the gross amount of the contribution.
*Step 4*
Add back any relief under section 266 of this Act given by virtue of subsection (7) of that section (payments for life insurance etc) that was deducted in calculating the individual's net income for the year of assessment.
The result is the individual's adjusted net income for the year of assessment.
- (2) The grossed up amount of a gift is the amount of the gift grossed up by reference to the basic rate for the year of assessment.
- (3) The gross amount of a contribution is the amount of the contribution before deduction of tax under section 192(1) of FA 2004.
##### 256B
In this Chapter “*the minimum amount*” means £2,350.
##### 257AA
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##### 257A
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) If the claimant is, for the whole or any part of the year of assessment, a married man whose wife is living with him and whose marriage was entered into before 5th December 2005, and either of them was born before 6th April 1935, he shall (subject to subsection (3A) below) be entitled for that year to an income tax reduction calculated by reference to £2,665 . . . .
- (3) If the claimant is, for the whole or any part of the year of assessment, a married man whose wife is living with him and whose marriage was entered into before 5th December 2005, and either of them
- (a) is at any time within that year of the age of 75 or upwards, and
- (b) was born before 6th April 1935,
he shall (subject to subsection (3A) below) be entitled for that year to an income tax reduction calculated by reference to £2,705 (instead of to the reduction provided for by subsection . . . (2) above).
- (3A) Subsections (2) and (3) above shall not apply in relation to the claimant for any year of assessment if an election made by the claimant and his wife under section 257AB(1)(c) has effect for that year.
- (4) For the purposes of subsection (3) above a person who would have been of or over the age of 75 within the year of assessment if he had not died in the course of it shall be treated as having been of that age within that year.
- (5) In relation to a claimant whose total income for the year of assessment exceeds £12,300, subsections (2) and (3) above shall apply as if the amounts specified in them were reduced by—
- (a) one half of the excess, less
- (b) any reduction made in his allowance under section 257 by virtue of subsection (5) of that section,
. . .
- (5A) The amounts specified in subsections (2) and (3) above shall not by virtue of subsection (5) above be treated as reduced below £1,970.
- (6) A man shall not be entitled by virtue of this section to more than one income tax reduction for any year of assessment; and in relation to a claim by a man who becomes married in the year of assessment and has not previously in the year been entitled to relief under this section, this section shall have effect as if the amounts specified in subsections (2) and (3) above were reduced by one twelfth for each month of the year ending before the date of the marriage.
- In this subsection “*month*” means a month beginning with the 6th day of a month of the calendar year.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 257AB
- (1) This section applies if —
- (a) the claimant is, for the whole or any part of the year of assessment, living with his spouse or civil partner,
- (b) either the claimant or his spouse or civil partner was born before 6th April 1935,
- (c) the marriage or civil partnership was entered into on or after 5th December 2005 or, if the marriage was entered into before that date, an election for this section to apply has effect for that year, and
- (d) the claimant's total income for that year exceeds that of his spouse or civil partner or, if they have the same amount of total income for that year, the claimant is specified in an election as the person to be entitled to relief under this section for that year.
- (2) The claimant shall be entitled for that year to an income tax reduction —
- (a) calculated by reference to £5,975 (if either the claimant or his spouse or civil partner is at any time within that year of the age of 75 or upwards), or
- (b) calculated by reference to £5,905 (in any other case).
- (3) For the purposes of subsection (2)(a) above an individual who would have been of or over the age of 75 within the year of assessment if he had not died in the course of it shall be treated as having been of that age within that year.
- (4) In relation to a claimant whose total income for the year of assessment exceeds £19,500, subsection (2) above applies as if the amounts specified in it were reduced by—
- (a) one half of the excess, less
- (b) any reduction made in his allowance under section 257 by virtue of subsection (5) of that section.
- (5) The amounts specified in subsection (2) above shall not by virtue of subsection (4) above be treated as reduced below £2,280.
- (6) An individual shall not be entitled by virtue of this section to more than one income tax reduction for any year of assessment.
- (7) In relation to a claim by an individual who —
- (a) becomes a spouse or civil partner in the year of assessment, and
- (b) has not previously in the year been entitled to relief under this section,
this section shall have effect as if the amounts specified in subsection (2) above were reduced by one twelfth for each month of the year ending before the date of the marriage or civil partnership.
- In this subsection “*month*” means a month beginning with the 6th day of a month of the calendar year.
- (8) An election under subsection (1)(c) —
- (a) shall be made jointly by the parties to the marriage,
- (b) shall be made before the first year of assessment for which it is to have effect,
- (c) shall have effect for that and each succeeding year of assessment for which any party to the marriage is entitled to relief under this section, and
- (d) shall be irrevocable.
- (9) An election under subsection (1)(d) —
- (a) shall be made jointly by the parties to the marriage or civil partnership, and
- (b) shall be made on or before the 5th anniversary of the 31st January next following the end of the year of assessment to which the election relates.
#### Credit-tokens.
##### 257BA
- (1) An individual may elect that for any year of assessment for which the individual's spouse or civil partner is entitled to relief under section 257A or 257AB—
- (a) the individual shall be entitled (on making a claim) to an income tax reduction calculated by reference to one half of the amount specified in section 257A(5A)or 257AB(5) for that year, and
- (b) the amount by reference to which the calculation of the income tax reduction to which the individual's spouse or civil partner is entitled under section 257A or 257AB is to be made shall be reduced accordingly.
- (2) An individual and the individual's spouse or civil partner may jointly elect that for any year of assessment for which the individual is entitled to relief under section 257A or 257AB—
- (a) the individual's spouse or civil partner shall be entitled (on making a claim) to an income tax reduction calculated by reference to the amount specified in section 257A(5A)or 257AB(5) for that year, and
- (b) the amount that by reference to which the calculation of the income tax reduction to which the individual is entitled under section 257A or 257AB is to be made shall be reduced accordingly . . . .
- (3) An individual may elect that for any year of assessment for which the individual's spouse or civil partner is entitled to relief by virtue of an election under subsection (2) above—
- (a) the individual shall be entitled (on making a claim) to to an income tax reduction calculated by reference to one half of the amount specified in section 257A(5A)or 257AB(5) for that year (in addition to any income tax reduction to which the individual is already entitled under section 257A or 257AB), and
- (b) the amount by reference to which the calculation of the income tax reduction to which the individual's spouse or civil partner is entitled by virtue of that election is to be made shall be reduced accordingly.
- (4) An election under this section shall be made by giving notice to the inspector in such form as the Board may determine and—
- (a) subject to subsections (5) and (7) below, shall be made before the first year of assessment for which it is to have effect, and
- (b) shall have effect for that and each succeeding year of assessment for which the individual concerned is entitled to relief under section 257A or 257AB, subject to its withdrawal under subsection (8) below or a subsequent election under this section.
- (5) An election may be made during the first year of assessment for which it is to have effect if that is the year of assessment in which the marriage or civil partnership takes place.
- (6) Where subsection (5) above applies, the references in subsections (1)(a), (2)(a) and (3)(a) above to the amount specified for the year of assessment in section 257A(5A)or 257AB(5) shall be read as references to that amount reduced in accordance with section 257A(6) or (as the case may be) 257AB(7).
- (7) An election may be made within the first thirty days of the first year of assessment for which it is to have effect if before that year the inspector has been given written notification that it is intended to make the election.
- (8) The person or persons by whom an election was made may withdraw it by giving notice to the inspector in such form as the Board may determine; but the withdrawal shall not have effect until the year of assessment after the one in which the notice is given.
- (9) An individual shall not be entitled by virtue of an election under this section to more than one income tax reduction for any year of assessment.
##### 257BB
- (1) Where—
- (a) an individual is entitled to relief under section 257A or 257AB, but
- (b) the amount of the reduction to which the individual is entitled is determined in accordance with section 256(2)(b) (read with section 25(6)(c) of the Finance Act 1990 where applicable) or, by virtue of the individual's having no income tax liability to which that reduction is applicable, is nil,
the individual's spouse or civil partner shall be entitled (in addition to any reduction to which that spouse or civil partner is entitled by virtue of an election under section 257BA) to an income tax reduction calculated by reference to an amount equal to the unused part of the amount by reference to which the individual's income tax reduction fell to be calculated in pursuance of section 257A or 257AB and any election under section 257BA.
- (2) Subsection (1) above shall not apply for a year of assessment unless the claimant’s spouse or civil partner gives notice to the inspector that it is to apply.
- (3) Where—
- (a) an individual is entitled to relief by virtue of an election under section 257BA, but
- (b) the amount of the reduction to which the individual is entitled is determined in accordance with section 256(2)(b) (read with section 25(6)(c) of the Finance Act 1990 where applicable) or, by virtue of the individual's having no income tax liability to which that reduction is applicable, is nil,
the individual's spouse or civil partner shall be entitled (in addition to any other reduction to which that spouse or civil partner is entitled by virtue of section 257A or 257AB) to an income tax reduction calculated by reference to an amount equal to the unused part of the amount by reference to which the individual's income tax reduction fell to be calculated in pursuance of that election.
- (3A) In this section references, in relation to such an amount as is mentioned in subsection (1)(b) or (3)(b), to the unused part of an amount by reference to which any income tax reduction fell to be calculated are references to so much of it (including, where the amount so mentioned is nil, all of it) as has no practical effect on the determination of the amount so mentioned.
- (4) Subsection (3) above shall not apply for a year of assessment unless the claimant’s spouse or civil partner gives notice to the inspector that it is to apply.
- (5) Any notice under subsection (2) or (4) above—
- (a) shall be given on or before the fifth anniversary of the 31st January next following the end of the year of assessment to which it relates,
- (b) shall be in such form as the Board may determine, and
- (c) shall be irrevocable.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 257B
- (1) Where—
- (a) a man is entitled to relief under section 257A, but
- (b) the amount which he is entitled to deduct from his total income by virtue of that section exceeds what is left of his total income after all other deductions have been made from it,
his wife shall be entitled to a deduction from her total income of an amount equal to the excess.
- (2) In determining for the purposes of subsection (1)(b) above the amount that is left of a person’s total income for a year of assessment after other deductions have been made from it, there shall be disregarded any deduction made—
- (a) on account of any payments of relevant loan interest which become due in that year and to which section 369 applies, or
- (b) under section 289 or
- (c) on account of any payments to which section 593(2) or 639(3) applies,or
- (d) on account of any payments to which section 54(5) of the Finance Act 1989 applies.
, or
- (e) on account of any payments to which section 32(4) of the Finance Act 1991 applies.
- (3) This section shall not apply for a year of assessment unless the claimant’s husband has given to the inspector written notice that it is to apply; and any such notice—
- (a) shall be given not later than six years after the end of the year of assessment to which it relates,
- (b) shall be in such form as the Board may determine, and
- (c) shall be irrevocable.
##### 257C
- (1) If the retail prices index for the month of September preceding a year of assessment is higher than it was for the previous September, then, unless Parliament otherwise determines, sections 257 . . . , 257A and 257AB shall apply for that year as if for each amount specified in them as they applied for the previous year (whether by virtue of this section or otherwise) there were substituted an amount arrived at by increasing the amount for the previous year by the same percentage as the percentage increase in the retail prices index, and—
- (a) if in the case of an amount specified in sections 257(5) , 257A(5) and 257AB(4) the result is not a multiple of £100, rounding it up to the nearest amount which is such a multiple;
- (b) if in the case of any other amount the increase is not a multiple of £10, rounding the increase up to the nearest amount which is such a multiple.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2A) Subsection (1) above shall not require any change to be made in the amounts deductible or repayable under PAYE regulations during the period beginning with 6th April and ending with 17th May in the year of assessment.
- (3) The Treasury shall in each year of assessment make an order specifying the amounts which by virtue of subsection (1) above will be treated as specified for the following year of assessment in sections 257 . . . , 257A and 257AB.
- (4) *This section shall have effect in relation to reliefs for the year* 1990-91 (*as well as for later years*);*and for that purpose it shall be assumed that sections* 257*and* 257A*applied for the year* 1989-90*as they apply, apart from this section, for the year* 1990-91.
##### 257D
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##### 257E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 257F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 261A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 266A
- (1) This section applies if—
- (a) pursuant to a non-approved retirement benefits scheme, the employer in any year of assessment pays a sum with a view to the provision of any relevant benefits for or in respect of any employee of that employer, and
- (b) the payment is made under such an insurance or contract as is mentioned in section 266.
This section applies whether or not the accrual of the relevant benefits is dependent on any contingency.
- (2) Relief, if not otherwise allowable, shall be given to that employee under section 266 in respect of the payment to the extent, if any, to which such relief would have been allowable to him if—
- (a) the payment had been made by him, and
- (b) the insurance or contract under which the payment is made had been made with him.
- (3) For the purposes of subsection (1)(a)—
- (a) a retirement benefits scheme is “non-approved” unless it is—
- (i) an approved scheme,
- (ii) a relevant statutory scheme, or
- (iii) a scheme set up by a government outside the United Kingdom for the benefit of its employees or primarily for their benefit, and
- (b) benefits are provided in respect of an employee if they are provided for the employee’s spouse or civil partner, widow or widower or surviving civil partner, children, dependants or personal representatives.
- (4) Sections 611, 611A and 612 apply for the purposes of this section as they apply for the purposes of Chapter 1 of Part 14.
- (5) Section 388 of ITEPA 2003 (apportionment of payments in respect of more than one employee) applies in relation to a sum within subsection (1) as it applies in relation to a sum within section 386 of that Act (charge on payments to non-approved retirement benefits schemes).
- (6) This section does not apply in any case where either of the following provisions of ITEPA 2003 provides for section 386 of that Act not to apply—
- (a) section 389 (employments where earnings charged on remittance basis), and
- (b) section 390 (non-domiciled employees with foreign employers).
#### Supplementary provisions.
##### 282A
- (1) Subject to the following provisions of this section, income arising from property held in the names of a husband and his wife , or in the names of civil partners of each other, shall for the purposes of income tax be regarded as income to which they are beneficially entitled to equal shares.
- (2) Subsection (1) above shall not apply to income to which neither the husband nor the wife , or neither of the civil partners, is beneficially entitled.
- (3) Subsection (1) above shall not apply to income—
- (a) to which either the husband or the wife , or one of the civil partners, is beneficially entitled to the exclusion of the other, or
- (b) to which they are beneficially entitled in unequal shares,
if a declaration relating to it has effect under section 282B.
- (4) Subsection (1) above shall not apply to—
- (a) earned income, or
- (b) income which is not earned income but to which Part 9 of ITTOIA 2005 (partnerships) applies.
- (4A) Subsection (1) above shall not apply to income consisting of a distribution arising from property consisting of—
- (a) close company shares to which either the husband or the wife , or one of the civil partners, is beneficially entitled to the exclusion of the other, or
- (b) close company shares to which they are beneficially entitled in equal or unequal shares.
In this subsection “*close company shares*” means shares in or securities of a close company; and for this purpose “*shares*” and “*securities*” have the same meaning as in Part 6 (see section 254).
- (5) Subsection (1) above shall not apply to income to which the husband or the wife , or one of the civil partners, is beneficially entitled if or to the extent that it is treated by virtue of any other provision of the Income Tax Acts as the income of the other of them or of a third party.
- (6) References in this section to a husband and his wife are references to a husband and wife living together , and references in this section to civil partners of each other are references to civil partners of each other living together.
##### 282B
- (1) The declaration referred to in section 282A (3) is a declaration by both the husband and the wife , or both the civil partners, of their beneficial interests in—
- (a) the income to which the declaration relates, and
- (b) the property from which that income arises.
- (2) Subject to the following subsections, a declaration shall have effect under this section in relation to income arising on or after the date of the declaration; but a declaration made before 6th June 1990 shall also have effect in relation to income arising before that date.
- (3) A declaration shall not have effect under this section unless notice of it is given to the inspector, in such form and manner as the Board may prescribe, within the period of 60 days beginning with the date of the declaration.
- (4) A declaration shall not have effect under this section in relation to income from property if the beneficial interests of the husband and the wife , or of the civil partners, in the property itself do not correspond to their beneficial interests in the income.
- (5) A declaration having effect under this section shall continue to have effect unless and until the beneficial interests of the husband and wife , or of the civil partners, in either the income to which it relates, or the property from which the income arises, cease to accord with the declaration.
#### Further interpretation of sections 135 to 139.
##### 289A
- (1) Where an individual eligible for relief in respect of any amount subscribed for eligible shares makes a claim, then, subject to the following provisions of this Chapter, the amount of his liability for the year of assessment in which the shares were issued (“*the current year*”) to income tax on his total income shall be the following amount.
- (2) That amount is the amount to which he would be so liable apart from this section less whichever is the smaller of—
- (a) an amount equal to tax at the lower rate for the current year on the amount or, as the case may be, the aggregate of the amounts subscribed for eligible shares issued in that year in respect of which he is eligible for relief, and
- (b) the amount which reduces his liability to nil.
- (3) Subject to subsection (4) below, if in the case of any issue of relevant shares, that is, shares—
- (a) which are issued before 6th October in the current year, and
- (b) in respect of the amount subscribed for which the individual is eligible for relief,
the individual so requests in his claim, subsection (1) above shall apply as if, in respect of such part of that issue as may be specified in his claim, the shares had been issued in the preceding year of assessment; and his liability to income tax for both years of assessment shall be determined accordingly.
- (4) Not more than half of the relevant shares comprised in any issue may be treated by virtue of subsection (3) above as issued in the previous year; and the number of relevant shares (comprised in any issues) so treated as issued in a particular year shall not be such that the total amount subscribed for them exceeds £25,000.
- (5) In determining for the purposes of subsection (2) above the amount of income tax to which a person would be liable apart from this section, no account shall be taken of—
- (a) any income tax reduction under Chapter I of Part VII of this Act or under section 347B,
- (b) any income tax reduction under section 353(1A),
- (c) any income tax reduction under section 54(3A) of the Finance Act 1989,
- (ca) any income tax reduction under paragraph 19(2) of Schedule 16 to the Finance Act 2002 (community investment tax relief),
- (d) any relief by way of a reduction of liability to tax which is given in accordance with any arrangements having effect by virtue of section 788 or by way of a credit under section 790(1), or
- (e) any tax at the basic rate on so much of that person’s income as is income the income tax on which he is entitled to charge against any other person or to deduct, retain or satisfy out of any payment.
- (6) A claim for relief in respect of eligible shares issued by a company shall not be allowed unless subsection (7) below is complied with in relation to the issue of shares in question but, where it is complied with, the relief may be given at any time when it appears that the conditions for the relief may be satisfied.
- (7) This subsection is complied with if—
- (a) in a case where the money raised by an issue of eligible shares is raised wholly for the purpose of a qualifying business activity falling within paragraph (a) of section 289(2), the trade concerned has been carried on for four months by no person other than the qualifying company or a qualifying 90% subsidiary of that company, and
- (b) in a case where the money raised by an issue of eligible shares is raised wholly or partly for the purpose of a qualifying business activity falling within paragraph (b) of that subsection the research and development concerned has been carried on for four months by no person other than the qualifying company or a qualifying 90% subsidiary of that company. . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) Where—
- (a) by reason only of the qualifying company or any other company being wound up or dissolved without winding up—
- (i) the trade concerned is carried on as mentioned in subsection (7)(a) above, or
- (ii) the research and development concerned is carried on as mentioned in subsection (7)(b) above,
for a period shorter than four months, and
- (b) . . . the winding up or dissolution is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax,
subsection (7)(a) or, as the case may be, (7)(b) above shall have effect as if it referred to that shorter period.
- (8A) Where, by reason only of anything done as a consequence of the qualifying company or any other company being in administration or receivership—
- (a) the trade concerned is carried on as mentioned in subsection (7)(a) above for a period shorter than four months, or
- (b) the research and development concerned is carried on as mentioned in subsection (7)(b) above for a period shorter than four months,
subsection (7)(a) or, as the case may be, (7)(b) above shall have effect as if it referred to that shorter period.
This applies only if—
- (a) the entry into administration or receivership, and
- (b) everything done as a consequence of the company concerned being in administration or receivership,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 289B
- (1) References in this Chapter, in relation to any individual, to the relief attributable to any shares or issue of shares shall be read, subject to the provisions of this Chapter providing for the reduction or withdrawal of relief, as references to any reduction made in the individual’s liability to income tax which is attributed to those shares or that issue in accordance with this section.
- (2) Where an individual’s liability to income tax is reduced in any year of assessment (“*the current year*”) under section 289A, then—
- (a) where the reduction is given by reason of an issue of shares made (or treated as made) in the current year, the amount of the reduction shall be attributed to that issue, and
- (b) where the reduction is given by reason of two or more issues of shares made (or treated as made) in the current year, the reduction—
- (i) shall be apportioned between those issues in the same proportions as the amounts subscribed by the individual for each issue, and
- (ii) shall be attributed to those issues accordingly.
- (3) Where under this section an amount of any reduction of income tax is attributed to an issue of shares (“*the original issue*”) in a company to an individual—
- (a) a proportionate part of that amount shall be attributed to each share comprised in the original issue, and
- (b) if any corresponding bonus shares in that company are issued to him at any subsequent time—
- (i) a proportionate part of the total amount attributed immediately before that time to shares comprised in the original issue shall be attributed to each of the shares in the holding comprising those shares and the bonus shares, and
- (ii) this Chapter shall apply as if the original holding had comprised all those shares.
- (3A) In subsection (3) above “*corresponding bonus shares*” means bonus shares which—
- (a) are issued in respect of the shares comprised in the original issue; and
- (b) are of the same class, and carry the same rights, as those shares.
- (4) Subject to subsection (5) below, in this Chapter references (however expressed) to an issue of eligible shares in any company to an individual are references to any eligible shares in the company that are of the same class and are issued to him on the same day, but this subsection does not apply in relation to section 289A(6) and (7).
- (5) Where section 289A(1) applies in the case of any issue of shares as if part of the issue had been issued in a previous year, this section and sections 299(4) and 306(1) shall have effect as if that part and the remainder were separate issues of shares (and that part had been issued on a day in the previous year).
- (6) Where, at a time when any relief is attributable to, or to any part of, any issue of shares, the relief falls to be withdrawn or reduced under this Chapter—
- (a) where it falls to be withdrawn, the relief attributable to each of the shares in question shall be reduced to nil, and
- (b) where it falls to be reduced by any amount, the relief attributable to each of the shares in question shall be reduced by a proportionate part of that amount.
##### 290A
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#### Credit-tokens.
##### 291A
- (1) An individual is not connected with the issuing company by reason only that he, or an associate of his, is a director of that or another company unless he or his associate (or a partnership of which he or his associate is a member)—
- (a) receives a payment from the issuing company or a related person during the period mentioned in section 291(1)(b), or
- (b) is entitled to receive such a payment in respect of that period or any part of it.
- (2) In this section—
- (a) “*related person*”, in relation to the issuing company, means—
- (i) any company of which the individual or his associate is a director and which is a subsidiary or a partner of the issuing company or of a subsidiary, and
- (ii) any person connected with the issuing company or with a company falling within sub-paragraph (i) above, and
- (b) any reference to a payment to an individual includes a payment made to him indirectly or to his order or for his benefit.
- (3) For the purposes of subsection (1) above there shall be disregarded—
- (a) any payment or reimbursement of travelling or other expenses wholly, exclusively and necessarily incurred by him or his associate in the performance of his duties as a director,
- (b) any interest which represents no more than a reasonable commercial return on money lent to the issuing company or a related person,
- (c) any dividend or other distribution which does not exceed a normal return on the investment,
- (d) any payment for the supply of goods which does not exceed their market value,
- (e) any payment of rent for any property occupied by the issuing company or a related person which does not exceed a reasonable and commercial rent for the property, and
- (f) any reasonable and necessary remuneration which —
- (i) is paid for services rendered to the issuing company or related person in the course of a trade or profession carried on wholly or partly in the United Kingdom (not being secretarial or managerial services or services of a kind provided by the person to whom they are rendered), and
- (ii) is taken into account in calculating for tax purposes the profits of that trade or profession.
- (4) An individual (“*the subscriber*”) who subscribes for eligible shares (“*the relevant shares*”) may qualify for the relief notwithstanding his connection with the company at any time in the relevant period if—
- (a) he is so connected by reason only of his, or his associate’s, being a director of, or of a company which is a partner of, the issuing company or a subsidiary in receipt of, or entitled to receive, remuneration as such, and
- (b) the following conditions are satisfied;
and in this subsection and subsection (5) below “*remuneration*” includes any benefit or facility.
- (5) The conditions are that—
- (a) in relation to the director (whether he is the subscriber or his associate), his remuneration, or the remuneration to which he is entitled, (leaving out of account any reasonable and necessary remuneration falling within subsection (3)(f) above) consists only of remuneration which is reasonable remuneration for services rendered to the company of which he is a director in his capacity as such,
- (b) the subscriber was issued with eligible shares (whether the relevant shares or a previous issue of eligible shares) at a time when he had never been—
- (i) connected with the issuing company, or
- (ii) involved in carrying on (whether on his own account or as a partner, director or employee) the whole or any part of the trade carried on by the issuing company or a subsidiary, and
- (c) where the issue of the relevant shares did not satisfy paragraph (b) above, they were not issued after the end of the period—
- (i) beginning with the date of the latest issue of eligible shares which satisfied that paragraph, and
- (ii) ending immediately before the termination date relating to those eligible shares,
and in paragraph (b) above “*trade*” includes any business, profession or vocation . . . .
- (6) In this section “*subsidiary*”, in relation to the issuing company, means a 51 per cent. subsidiary of the issuing company.
##### 291B
- (1) An individual is connected with the issuing company if he directly or indirectly possesses or is entitled to acquire more than 30 per cent. of—
- (a) the issued ordinary share capital of the company or any subsidiary,
- (b) the loan capital and issued share capital of the company or any subsidiary, or
- (c) the voting power in the company or any subsidiary.
- (2) An individual is connected with the issuing company if he directly or indirectly possesses or is entitled to acquire such rights as would, in the event of the winding up of the company or any subsidiary or in any other circumstances, entitle him to receive more than 30 per cent. of the assets of the company or subsidiary (the “*company in question*”) which would then be available for distribution to equity holders of the company in question.
- (3) For the purposes of subsection (2) above—
- (a) the persons who are equity holders of the company in question, and
- (b) the percentage of the assets of the company in question to which the individual would be entitled,
shall be determined in accordance with paragraphs 1 and 3 of Schedule 18, taking references in paragraph 3 to the first company as references to an equity holder and references to a winding up as including references to any other circumstances in which assets of the company in question are available for distribution to its equity holders.
- (4) An individual is connected with a company if he has control of it or of any subsidiary.
- (5) Where an individual subscribes for shares in a company with which (apart from this subsection) he is not connected, he shall nevertheless be treated as connected with it if he subscribes for the shares as part of any arrangement which provides for another person to subscribe for shares in another company with which (assuming it to be an issuing company) that or any other individual who is a party to the arrangement is connected.
- (5A) An individual is not connected with a company by reason only of the fact that one or more shares in the company are held by him, or by an associate of his, at a time when the company—
- (a) has not issued any shares other than subscriber shares; and
- (b) has not begun to carry on, or to make preparations for carrying on, any trade or business.
- (6) In this section “*subsidiary*”, in relation to the issuing company, means a company which at any time in the relevant period is a 51 per cent. subsidiary of the issuing company, whether or not it is such a subsidiary while the individual concerned has, or is entitled to acquire, such capital, voting power, rights or control as are mentioned in this section.
- (7) For the purposes of this section the loan capital of a company shall be treated as including any debt incurred by the company—
- (a) for any money borrowed or capital assets acquired by the company,
- (b) for any right to receive income created in favour of the company, or
- (c) for consideration the value of which to the company was (at the time when the debt was incurred) substantially less than the amount of the debt (including any premium on it).
- (8) For the purposes of this section an individual shall be treated as entitled to acquire anything which he is entitled to acquire at a future date or will at a future date be entitled to acquire, and there shall be attributed to any person any rights or powers of any other person who is an associate of his.
- (9) In determining for the purposes of this section whether an individual is connected with a company, no debt incurred by the company or any subsidiary by overdrawing an account with a person carrying on a business of banking shall be treated as loan capital of the company or subsidiary if the debt arose in the ordinary course of that business.
- (10) Section 840 applies for the purposes of this section.
##### 299A
- (1) An individual is not eligible for relief in respect of any shares in a company if—
- (a) there is a loan made by any person, at any time in the relevant period, to that individual or any associate of his; and
- (b) the loan is one which would not have been made, or would not have been made on the same terms, if that individual had not subscribed for those shares or had not been proposing to do so.
- (2) References in this section to the making by any person of a loan to any individual or an associate of his include references—
- (a) to the giving by that person of any credit to that individual or any associate of his; and
- (b) to the assignment or assignation to that person of any debt due from that individual or any associate of his;
and the references in section 307(6)(ca) to the making of a loan shall be construed accordingly.
- (3) Section 312(1A)(a) applies to determine the relevant period for the purposes of this section.
##### 299B
- (1) An individual is not eligible for relief in respect of any shares in a company if the relevant arrangements include—
- (a) arrangements with a view to the subsequent repurchase, exchange or other disposal of those shares or of other shares in or securities of the same company;
- (b) arrangements for or with a view to the cessation of any trade which is being or is to be or may be carried on by the company or a person connected with the company;
- (c) arrangements for the disposal of, or of a substantial amount of, the assets of the company or of a person connected with the company;
- (d) arrangements the main purpose of which, or one of the main purposes of which, is (by means of any insurance, indemnity or guarantee or otherwise) to provide partial or complete protection for persons investing in shares in that company against what would otherwise be the risks attached to making the investment.
- (2) The arrangements referred to in subsection (1)(a) above do not include any arrangements with a view to such an exchange of shares, or shares and securities, as is mentioned in section 304A(1).
- (3) The arrangements referred to in subsection (1)(b) and (c) above do not include any arrangements applicable only on the winding up of a company except in a case where—
- (a) the relevant arrangements include arrangements for the company to be wound up; or
- (b) the company is wound up otherwise than for bona fide commercial reasons.
- (4) The arrangements referred to in subsection (1)(d) above do not include any arrangements which are confined to the provision—
- (a) for the company itself, or
- (b) in the case of a company which is a parent company of a trading group, for the company itself, for the company itself and one or more of its subsidiaries or for one or more of its subsidiaries,
of any such protection against the risks arising in the course of carrying on its business as it might reasonably be expected so to provide in normal commercial circumstances.
- (5) The reference in subsection (4) above to the parent company of a trading group shall be construed in accordance with the provision contained for the purposes of section 293 in that section.
- (6) In this section “*the relevant arrangements*” means—
- (a) the arrangements under which the shares are issued to the individual; and
- (b) any arrangements made before the issue of the shares to him in relation to or in connection with that issue.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 300A
- (1) Where—
- (a) any relief attributable to any eligible shares comprised in an issue of shares subscribed for by an individual (“*the individual*”) would, in the absence of this section, be reduced or withdrawn under section 300 by reason of a receipt of value within subsection (2) or (5) of that section (“*the original value*”),
- (b) the original supplier receives value (“*the replacement value*”) from the original recipient by virtue of a qualifying receipt, and
- (c) the amount of the replacement value is not less than the amount of the original value,
the receipt of the original value shall be disregarded for the purposes of section 300.
This is subject to subsections (7) and (8) below.
- (2) For the purposes of this section—
- “*the original recipient*” means the person who receives the original value, and
- “*the original supplier*” means the person from whom that value was received.
- (3) Where the amount of the original value is, by virtue of subsection (1BA) of section 300, treated as reduced for the purposes of that section as it applies in relation to the eligible shares in question, the reference in subsection (1)(c) above to the amount of the original value shall be read as a reference to the amount of that value disregarding the reduction.
- (4) A receipt of the replacement value is a qualifying receipt for the purposes of subsection (1) above if it arises—
- (a) by reason of the original recipient doing one or more of the following—
- (i) making a payment to the original supplier, other than a payment which falls within paragraph (c) below or to which subsection (5) below applies;
- (ii) acquiring any asset from the original supplier for a consideration the amount or value of which is more than the market value of the asset;
- (iii) disposing of any asset to the original supplier for no consideration or for a consideration the amount or value of which is less than the market value of the asset;
- (b) where the receipt of the original value was within section 300(2)(d), by reason of an event the effect of which is to reverse the event which constituted the receipt of the original value; or
- (c) where the receipt of the original value was within section 300(5), by reason of the original recipient repurchasing the share capital or securities in question, or (as the case may be) reacquiring the right in question, for a consideration the amount or value of which is not less than the amount of the original value.
- (5) This subsection applies to—
- (a) any payment for any goods, services or facilities, provided (whether in the course of a trade or otherwise) by—
- (i) the original supplier, or
- (ii) any other person who, at any time in the period of restriction, is an associate of, or connected with, that supplier (whether or not he is such an associate, or so connected, at the material time),
which is reasonable in relation to the market value of those goods, services or facilities;
- (b) any payment of any interest which represents no more than a reasonable commercial return on money lent to—
- (i) the original recipient, or
- (ii) any person who, at any time in the period of restriction, is an associate of his (whether or not he is such an associate at the material time);
- (c) any payment for the acquisition of an asset which does not exceed its market value;
- (d) any payment, as rent for any property occupied by—
- (i) the original recipient, or
- (ii) any person who, at any time in the period of restriction, is an associate of his (whether or not he is such an associate at the material time),
of an amount not exceeding a reasonable and commercial rent for the property;
- (e) any payment in discharge of an ordinary trade debt; and
- (f) any payment for shares in or securities of any company in circumstances that do not fall within subsection (4)(a)(ii) above.
- (6) For the purposes of this section, the amount of the replacement value is—
- (a) in a case within paragraph (a) of subsection (4) above, the aggregate of—
- (i) the amount of any payment within sub-paragraph (i) of that paragraph, and
- (ii) the difference between the market value of any asset to which sub-paragraph (ii) or (iii) of that paragraph applies and the amount or value of the consideration (if any) received for it,
- (b) in a case within subsection (4)(b) above, the same as the amount of the original value, and
- (c) in a case within subsection (4)(c) above, the amount or value of the consideration received by the original supplier,
and section 300(4) and (5) shall apply for the purposes of determining the amount of the original value.
- (7) The receipt of the replacement value by the original supplier shall be disregarded for the purposes of this section, as it applies in relation to the eligible shares, to the extent to which that receipt has previously been set (under this section) against any receipts of value which are, in consequence, disregarded for the purposes of section 300 as that section applies in relation to those shares or any other shares subscribed for by the individual.
- (8) The receipt of the replacement value by the original supplier (“*the event*”) shall be disregarded for the purposes of this section if—
- (a) the event occurs before the start of the period of restriction, or
- (b) in a case where the event occurs after the time the original recipient receives the original value, it does not occur as soon after that time as is reasonably practicable in the circumstances, or
- (c) where an appeal has been brought by the individual against an assessment to withdraw or reduce any relief attributable to the eligible shares by reason of the receipt of the original value, the event occurs more than 60 days after the amount of relief which falls to be withdrawn has been finally determined.
But nothing in this section requires the replacement value to be received after the original value.
- (9) Subsection (10) below applies where—
- (a) the receipt of the replacement value by the original supplier is a qualifying receipt (for the purposes of subsection (1) above) in consequence of which any receipts of value are disregarded for the purposes of section 300 as that section applies in relation to the shares in question or any other shares subscribed for by the individual in question, and
- (b) the event which gives rise to the receipt is (or includes) a subscription for shares by—
- (i) the individual, or
- (ii) any person who, at any time in the period of restriction, is an associate of his, whether or not he is such an associate at the material time.
- (10) Where this subsection applies, the person who subscribes for the shares as mentioned in subsection (9)(b) above shall not—
- (a) be eligible for any relief under this Chapter in relation to those shares or any other shares in the same issue, or
- (b) by virtue of his subscription for those shares or any other shares in the same issue, be treated as making a qualifying investment for the purposes of Schedule 5B to the 1992 Act (enterprise investment scheme: reinvestment).
- (11) In this section—
- (a) any reference to a payment to a person (however expressed) includes a reference to a payment made to him indirectly or to his order or for his benefit, and
- (b) references to “*the period of restriction*” are to the period of restriction relating to the shares mentioned in subsection (1)(a) above.
##### 301A
- (1) In this section and section 300 references to a receipt of insignificant value (however expressed) are references to a receipt of an amount of insignificant value.
This is subject to subsection (3) below.
- (2) For the purposes of this section and section 300 “*an amount of insignificant value*” means an amount of value which—
- (a) does not exceed £1,000, or
- (b) if it exceeds that amount, is insignificant in relation to the amount subscribed by the individual in question for the eligible shares in question.
- (3) For the purposes of section 300, if, at any time in the period—
- (a) beginning one year before the eligible shares in question are issued, and
- (b) expiring at the end of the issue date,
arrangements are in existence which provide for the individual in question to receive or to be entitled to receive, at any time in the period of restriction relating to those shares, any value from the company that issued those shares, no amount of value received by the individual shall be treated as a receipt of insignificant value.
- (4) For the purposes of this section—
- (a) references to the individual include references to any person who, at any time in the period of restriction relating to the shares in question, is an associate of his (whether or not he is such an associate at the material time), and
- (b) the reference in subsection (3) above to the company includes a reference to any person who, at any time in the period of restriction relating to the shares in question, is connected with the company (whether or not that person is so connected at the material time).
- (5) For the purposes of this section, an individual who acquires any eligible shares on such a transfer as is mentioned in section 304 shall be treated as if he subscribed for those shares.
##### 303AA
- (1) Any repayment shall be disregarded for the purposes of section 303(1) (repayments etc. which cause withdrawal or reduction of relief) if whichever is the greater of—
- (a) the market value of the shares to which it relates (“*the target shares*”) immediately before the event occurs, and
- (b) the amount received by the member in question,
is insignificant in relation to the market value of the remaining issued share capital of the company in question (or, as the case may be, subsidiary in question) immediately after the event occurs.
This is subject to subsection (4) below.
- (2) For the purposes of this section “*repayment*” means a repayment, redemption, repurchase or payment mentioned in section 303(1) (repayments etc. which cause withdrawal or reduction of relief).
- (3) For the purposes of subsection (1) above it shall be assumed that the target shares are cancelled at the time the repayment is made.
- (4) Where an individual subscribes for eligible shares in a company, subsection (1) above does not apply to prevent section 303(1) having effect in relation to those shares if, at a relevant time, arrangements are in existence that provide—
- (a) for a repayment by the company or any subsidiary of the company (whether or not it is such a subsidiary at the time the arrangements are made), or
- (b) for anyone to be entitled to such a repayment,
at any time in the period of restriction relating to those shares.
- (5) For the purposes of subsection (4) above “*a relevant time*” means any time in the period—
- (a) beginning one year before the eligible shares were issued, and
- (b) expiring at the end of the issue date.
#### Conditional acquisition of shares.
##### 303A
- (1) Subsections (4) and (7) below apply where, by reason of a repayment, any investment relief which is attributable under Schedule 15 to the Finance Act 2000 to any shares is withdrawn under paragraph 56(2) of that Schedule.
- (2) For the purposes of this section “*repayment*” has the meaning given in section 303AA(2) above.
- (3) For the purposes of this section “*the relevant amount*” is the amount determined by the formula—
$$X-5Y$Where—X is the amount of the repayment, andY is the aggregate amount of investment relief withdrawn by reason of the repayment.$
- (4) Where the relevant amount does not exceed £1,000 the repayment shall be disregarded for the purposes of section 303(1), unless repayment arrangements are in existence at any time in the period—
- (a) beginning one year before the shares mentioned in subsection (1) above are issued, and
- (b) expiring at the end of the issue date of those shares.
- (5) For this purpose “*repayment arrangements*” means arrangements which provide—
- (a) for a repayment by the company that issued the shares (“*the issuing company*”) or any subsidiary of that company, or
- (b) for anyone to be entitled to such a repayment,
at any time.
- (6) Subsection (5)(a) above applies in relation to a subsidiary of the issuing company whether or not it is such a subsidiary—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) when the arrangements were made.
- (7) Where the repayment is not disregarded by virtue of subsection (4) above, the amount receivable by reason of the repayment shall be treated for the purposes of section 303(1C)(a) as an amount equal to the relevant amount.
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) In this section—
- (a) “*investment relief*” has the same meaning as in Schedule 15 to the Finance Act 2000 (corporate venturing scheme); and
- (b) references to the withdrawal of investment relief include its reduction.
#### Further interpretation of sections 135 to 139.
##### 304A
- (1) This section applies where—
- (a) a company (“the new company") in which the only issued shares are subscriber shares acquires all the shares (“old shares") in another company (“the old company");
- (b) the consideration for the old shares consists wholly of the issue of shares (“new shares") in the new company;
- (c) the consideration for new shares of each description consists wholly of old shares of the corresponding description;
- (d) new shares of each description are issued to the holders of old shares of the corresponding description in respect of and in proportion to their holdings;
- (e) at some time before the issue of the new shares—
- (i) the old company issued eligible shares; and
- (ii) a certificate in relation to those eligible shares was issued by that company for the purposes of subsection (2) of section 306 and in accordance with that section; and
- (f) before the issue of the new shares, the Board have, on the application of the new company or the old company, notified that company that the Board are satisfied that the exchange of shares—
- (i) will be effected for bona fide commercial reasons; and
- (ii) will not form part of any such scheme or arrangements as are mentioned in section 137(1) of the 1992 Act.
- (2) For the purposes of this Chapter—
- (a) the exchange of shares shall not be regarded as involving any disposal of the old shares or any acquisition of the new shares; and
- (b) any relief under this Chapter which is attributable to any old shares shall be attributable instead to the new shares for which they are exchanged.
- (3) Where, in the case of any new shares held by an individual to which relief becomes so attributable, the old shares for which they are exchanged were subscribed for by and issued to the individual, this Chapter shall have effect as if—
- (a) the new shares had been subscribed for by him at the time when, and for the amount for which, the old shares were subscribed for by him;
- (b) the new shares had been issued to him by the new company at the time when the old shares were issued to him by the old company;
- (c) the claim for relief made in respect of the old shares had been made in respect of the new shares; and
- (d) his liability to income tax had been reduced under section 289A in respect of the new shares for the same year of assessment as that for which his liability was so reduced in respect of the old shares.
- (4) Where, in the case of any new shares held by an individual to which relief becomes so attributable, the old shares for which they are exchanged were transferred to the individual as mentioned in section 304, this Chapter shall have effect in relation to any subsequent disposal or other event as if—
- (a) the new shares had been subscribed for by him at the time when, and for the amount for which, the old shares were subscribed for;
- (b) the new shares had been issued by the new company at the time when the old shares were issued by the old company;
- (c) the claim for relief made in respect of the old shares had been made in respect of the new shares; and
- (d) his liability to income tax had been reduced under section 289A in respect of the new shares for the same year of assessment as that for which the liability of the individual who subscribed for the old shares was so reduced in respect of those shares.
- (5) Where relief becomes so attributable to any new shares—
- (a) this Chapter shall have effect as if anything which, under section 306(2), 307(1A) or 310, has been done, or is required to be done, by or in relation to the old company had been done, or were required to be done, by or in relation to the new company; and
- (b) any appeal brought by the old company against a notice under section 307(1A)(b) may be prosecuted by the new company as if it had been brought by that company.
- (6) For the purposes of this section old shares and new shares are of a corresponding description if, on the assumption that they were shares in the same company, they would be of the same class and carry the same rights; and in subsection (1) above references to shares, except in the expressions “*eligible shares*” and “*subscriber shares*”, include references to securities.
- (7) Nothing in section 293(8) shall apply in relation to such an exchange of shares, or shares and securities, as is mentioned in subsection (1) above or arrangements with a view to such an exchange.
- (8) Subsection (2) of section 138 of the 1992 Act shall apply for the purposes of subsection (1)(f) above as it applies for the purposes of subsection (1) of that section.
##### 305A
- (1) Section 574 shall apply on the disposal by an individual of shares to which relief is attributable as it applies to a disposal by him of shares in a qualifying trading company for which he has subscribed (“*qualifying trading company*” and “*subscribed*” having for this purpose the same meaning as in that section).
- (2) For the purposes of that section (as applied by this) sections 575(1) and (3) and 576(1) to (3) shall apply
#### Provisions supplementary to section 138.
#### Approved profit sharing schemes.
##### 326A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 326B
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##### 326BB
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##### 326C
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##### 326D
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##### 327A
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#### Relief for contributions in respect of share option gains.
##### 329AA
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##### 329AB
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##### 329A
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##### 329B
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##### 329C
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##### 331A
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##### 332A
Schedule 15B shall have effect for conferring relief from income tax in respect of investments in venture capital trusts . . . .
##### 333A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 333B
- (1) The Treasury may make regulations providing exemption from tax for income from, and chargeable gains in respect of, investments and deposits of so much of an insurance company’s long-term insurance fund as is referable to plan business.
- (2) The Treasury may by regulations modify the effect of section 30(4) of the Finance (No. 2) Act 1997 (which repeals section 231(2) of the Taxes Act 1988 with effect from 6th April 1999) in relation to distributions which—
- (a) are made before 6th April 2004; and
- (b) are received by an insurance company in respect of investments of so much of its long-term insurance fund as is referable to plan business.
- (3) Regulations under this section may make provision for insurance companies that are not resident in the United Kingdom to be treated, in relation to investments of so much of their long-term insurance funds as are referable to plan business—
- (a) as if they were so resident for the purposes of any enactment conferring an entitlement to, or to the payment of, tax credits in respect of investments; and
- (b) as if such other conditions of any entitlement to, or to the payment of, tax credits were also satisfied.
- (4) Regulations under section 333 or this section or Chapter 3 of Part 6 of ITTOIA 2005 (except sections 697 and 698) may include provision which, in relation to insurance companies that are not resident in the United Kingdom—
- (a) requires a person to be appointed to be responsible for securing the discharge of any duties to which such an insurance company is subject under the regulations; and
- (b) confers rights and powers, and imposes liabilities, on a person so appointed;
and, without prejudice to the generality of paragraphs (a) and (b) above, regulations made by virtue of this subsection may include any provision corresponding to any that, in relation to a European institution, may be made under section 697 or 698 of ITTOIA 2005 (requirements concerning foreign plan managers).
- (5) Regulations under this section may provide that an insurance company—
- (a) shall comply with any notice served on it by the Board which requires it, within a prescribed period, to make available for the Board’s inspection documents (of a prescribed kind) relating to, or to matters connected with, its past or present plan business; and
- (b) shall, within a prescribed period of being required to do so by the Board, furnish to the Board information (of a prescribed kind) about its past or present plan business or any matters connected with it.
- (6) Any power of the Treasury under this section to make provision by regulations in relation to insurance companies shall include power by regulations to make such corresponding provision in relation to friendly societies as the Treasury think fit.
- (7) Regulations under this section may—
- (a) for purposes connected with any exemption from tax conferred by virtue of subsection (1) above, apply or modify any provision made by or under the Tax Acts;
- (b) make different provision for different cases;
- (c) include such incidental, supplemental, consequential and transitional provision as the Treasury may consider appropriate.
- (8) Without prejudice to the generality of the powers conferred by subsection (7) above, the provision that may be made in connection with an exemption from tax conferred by virtue of subsection (1) above shall include provision for section 436 to apply (with any such modifications as may be prescribed) in relation to plan business as it applies in relation to pension business.
- (9) In this section—
- “*friendly society*” has the same meaning as in Chapter II of Part XII;
- “insurance company” means an undertaking carrying on the business of effecting or carrying out contracts of insurance and, for the purposes of this definition, “contract of insurance” has the meaning given by Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- “*long-term insurance fund*” has the same meaning as in Chapter I of Part XII;
- “*plan business*”, in relation to an insurance company, means the business of the company that is attributable to the making of investments with that company under plans for which provision is made by regulations under Chapter 3 of Part 6 (except sections 697 and 698) of ITTOIA 2005 (income from individual investment plans)
- “*prescribed*” means prescribed by regulations under this section;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 338B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 337A
- (1) For the purposes of corporation tax, subject to any provision of the Corporation Tax Acts expressly authorising a deduction—
- (a) a company’s profits shall be computed without any deduction in respect of dividends or other distributions, and
- (b) a company’s income from any source shall be computed without any deduction in respect of charges on income.
- (2) In computing a company’s income from any source for the purposes of corporation tax—
- (a) no deduction shall be made in respect of interest except in accordance with Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships); and
- (b) no deduction shall be made in respect of losses from intangible fixed assets within Schedule 29 to the Finance Act 2002 except in accordance with that Schedule.
##### 338A
- (1) This section defines what payments or other amounts are “*charges on income*” for the purposes of corporation tax.
This section has effect subject to any express exceptions in the Corporation Tax Acts.
- (2) Subject to the following provisions of this section, the following (and only the following) are charges on income—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) qualifying donations within the meaning of section 339 (qualifying donations to charity);
- (c) amounts allowed as charges on income under section 587B(2)(a)(ii) (gifts of shares etc to charity).
- (3) No payment that is deductible in computing profits or any description of profits for the purposes of corporation tax shall be treated as a charge on income.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 339A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 342A
- (1) In this section—
- (a) references to the relevant event, in relation to a company in administration, are references—
- (i) to the administrator sending a notice in respect of the company under paragraph 84(1) of Schedule B1 to the Insolvency Act 1986 (company moving from administration to dissolution), or
- (ii) in the case of a company which enters administration otherwise than under that Act, to the doing of any other act for a like purpose, and
- (b) references to a company’s final year are references to the financial year in which the relevant event occurs, and references to the company’s penultimate year are references to the last financial year preceding its final year.
- (2) Subject to subsections (3) and (4)—
- (a) corporation tax shall be charged on the profits of the company arising in the administration in its final year at the rate of corporation tax fixed or proposed for the penultimate year, but
- (b) where the corporation tax charged on the company’s income included in those profits falls to be calculated or reduced in accordance with section 13, it shall be so calculated or reduced in accordance with such rate or fraction fixed or proposed for the penultimate year as is applicable under that section.
- (3) If, before the relevant event, any of the rates or fractions mentioned in subsection (2) has been fixed or proposed for the final year, that subsection shall have effect in relation to that rate or fraction as if for the references to the penultimate year there were substituted references to the final year.
- (4) If, in the case of the company’s final accounting period, the income (if any) which consists of interest received or receivable by the company under section 826 does not exceed £2,000, that income shall not be subject to corporation tax.
- (5) In subsection (4) “*the company’s final accounting period*” means the last accounting period of the company before the relevant event.
- (6) An assessment on the company’s profits for an accounting period in which the company is in administration shall not be invalid because made before the end of the accounting period.
- (7) In making an assessment after the company enters administration and before the date of the relevant event, the administrator may act on an assumption as to when that date will fall so far as it governs section 12(3).
- (8) The assumption of the wrong date shall not alter the company’s final and penultimate year and, if the right date is later—
- (a) an accounting period shall end on the date assumed and a new accounting period shall begin, and
- (b) thereafter, section 12(3) shall apply as if the company had entered administration at the beginning of that new accounting period.
- (9) Subsections (7) and (9) of section 342 apply in relation to this section as they apply in relation to that section, except that in subsection (7) of that section the reference to the completion of the winding up is to be read as a reference to the relevant event.
- (10) Where the company entered administration before its final year, paragraphs (a) and (b) of subsection (2) (but not subsection (3)) apply in relation to the company’s profits arising at any time in its penultimate year.
#### Foreign pensions.
##### 197A
#### P.A.Y.E.: meaning of payment.
##### 343ZA
- (1) This section applies where—
- (a) a company (“the predecessor”) ceases to carry on a trade,
- (b) another company (“*the successor*”) begins to carry on the activities of that trade as its trade or as part of its trade,
- (c) in the accounting period in which the predecessor ceases to carry on the trade the predecessor would (apart from this section) be entitled under Part 2 of the Capital Allowances Act to a balancing allowance in respect of the trade, and
- (d) the predecessor's ceasing to carry on the trade is part of a scheme or arrangement the main purpose, or one of the main purposes, of which is to entitle the predecessor to that balancing allowance.
- (2) This section also applies where—
- (a) a company (“the predecessor”) ceases to carry on part of a trade,
- (b) another company (“*the successor*”) begins to carry on the activities of that part of the trade as its trade or as part of its trade, and
- (c) the predecessor's ceasing to carry on the part of the trade mentioned in paragraph (a) is part of a scheme or arrangement the main purpose, or one of the main purposes, of which is to entitle the predecessor, on cessation of the trade, to a balancing allowance in respect of the trade under Part 2 of the Capital Allowances Act.
- (3) This section does not apply where section 343 applies.
- (4) Where this section applies, the Corporation Tax Acts have effect subject to section 343(2), but as if the words “and are subject to section 343A (company reconstructions involving business of leasing plant or machinery)” were omitted.
- (5) Where this section applies because of subsection (1), and the successor carries on the activities of the trade the predecessor ceased to carry on as part of the successor's trade, for the purposes of section 343(2) that part of the successor's trade is to be treated as a separate trade carried on by the successor.
- (6) Where this section applies because of subsection (2), for the purposes of section 343(2)—
- (a) that part of the trade which the predecessor ceased to carry on is to be treated as a separate trade carried on by the predecessor, and
- (b) where the successor carries on the activities of that part of the trade as part of its trade, that part of the successor's trade is to be treated as a separate trade carried on by the successor.
- (7) Where subsection (5) or (6) applies, such apportionment of receipts, expenses, assets and liabilities is to be made as may be just.
- (8) Section 343(10) applies to an apportionment under subsection (7) as it applies to an apportionment under section 343(9).
##### 343A
- (1) This section applies if the trade is or forms part of a business of leasing plant or machinery which the predecessor or the successor carries on on the day of cessation.
- (2) If, on the day of cessation, both the predecessor and the successor carry on the trade otherwise than in partnership, section 343(2) does not apply unless—
- (a) the principal company or companies of the predecessor immediately before the cessation are the same as the principal company or companies of the successor immediately afterwards, and
- (b) if any such principal company is a consortium principal company, the relevant fraction in relation to the predecessor immediately before the cessation is the same as the relevant fraction in relation to the successor immediately afterwards (irrespective of whether the members of each consortium are the same).
- (3) If, on the day of cessation, the predecessor or the successor carries on the trade in partnership, section 343(2) does not apply unless—
- (a) the predecessor ceases to carry on the whole of its trade, and
- (b) that trade is a business of leasing plant or machinery which the predecessor carries on in partnership on the day of cessation.
- (4) In any case where section 343(2) does not apply as a result of this section, the plant or machinery belonging to the trade shall be treated for the purposes of the Corporation Tax Acts as sold by the predecessor to the successor on the day of the cessation for an amount equal to its market value as at that day.
- (5) In this section—
- “business of leasing plant or machinery”—has the same meaning as in Part 2 of Schedule 10 to the Finance Act 2006 (sale etc of lessor companies etc) (if the business is carried on otherwise than in partnership), andhas the same meaning as in Part 3 of that Schedule (if the business is carried on in partnership),
- “*consortium principal company*” means a company which is a principal company as a result of paragraph 12 of that Schedule,
- “*market value*”, in relation to plant or machinery, is to be construed in accordance with paragraph 41(8) of that Schedule,
- “*plant or machinery*” has the same meaning as in Part 2 of the Capital Allowances Act,
- “*principal company*” is to be construed in accordance with paragraph 11 or (as the case may be) 12 of Schedule 10 to the Finance Act 2006, and
- “*relevant fraction*” has the same meaning as in paragraph 12 of that Schedule.
#### Expenses necessarily incurred and defrayed from official emoluments.
#### Application of lower rate to company distributions.
#### Section 209(3AA): link to shares of company or associated company
##### 347A
- (1) A payment to which this section applies shall not be a charge on the income of the person liable to make it, and accordingly—
- (a) his income shall be computed without any deduction being made on account of the payment, and
- (b) the payment shall not , for the purposes of corporation tax, form part of the income of any company to whom it is made or of any other company.
- (2) This section applies to any annual payment made by an individual which would otherwise be within the charge to tax under Case III of Schedule D except—
- (a) a payment of interest;
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) a payment made for bona fide commercial reasons in connection with the individual’s trade, profession or vocation; and
- (d) a payment to which section 125(1) applies.
- (2A) This section applies to any annual payment made by an individual which—
- (a) arises in the United Kingdom, and
- (b) is exempt from any charge under Part 5 of ITTOIA 2005 (miscellaneous income) as a result of section 727 of that Act.
- (3) This section applies to a payment made by personal representatives (within the meaning given in section 701(4)) where—
- (a) the deceased would have been liable to make the payment if he had not died, and
- (b) this section would have applied to the payment if he had made it.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) References in subsection (2) or (2A) above to an individual include references to a Scottish partnership in which at least one partner is an individual.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 347B
- (1) Subject to subsection (1A) below in this section “*qualifying maintenance payment*” means a periodical payment which—
- (a) is made under an order made by a court in a member State, or under a written agreement the law applicable to which is the law of a member State or of a part of a member State,
- (b) is made —
- (i) by one of the parties to a marriage or civil partnership (including a marriage or civil partnership which has been dissolved or annulled) to or for the benefit of the other party and for the maintenance of the other party, or
- (ii) by one parent of a child to the child's other parent for the maintenance of the child by the other parent or by one person to another for the maintenance by the other of a relevant child of theirs,
- (c) is due at a time when—
- (i) in a case falling within paragraph (b)(i) above, the two parties are not a married couple, or civil partners of each other, living together and the party to whom or for whose benefit the payment is made has not subsequently entered into a marriage or civil partnership, and
- (ii) in a case falling within paragraph (b)(ii) above, the person making the payment is not living together with the person to whom the payment is made, and
- (d) is not a payment in respect of which relief from tax is available to the person making the payment under any provision of the Income Tax Acts other than this section.
- (1A) A periodical payment is not a qualifying maintenance payment unless—
- (a) in a case falling within subsection (1)(b)(i) above, either of the parties to the marriage or civil partnership was born before 6th April 1935, or
- (b) in a case falling within subsection (1)(b)(ii) above, either the person by whom the payment is made, or the person to whom it is made, was born before that date.
- (2) . . . Subject to subsection (3) below, a person making a claim for the purpose shall be entitled, for a year of assessment to an income tax reduction calculated by reference to an amount equal to the aggregate amount of any qualifying maintenance payments made by him which fall due in that year.
- (3) The amount by reference to which any income tax reduction is to be calculated under this section shall be limited to the amount specified in section 257A(5A) for the year.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5A) Where any person is entitled under this section for any year of assessment to an income tax reduction calculated by reference to the amount determined in accordance with subsections (2) and (3) above (“*the relevant amount*”), the amount of that person’s liability for that year to income tax on his total income shall be the amount to which he would have been liable apart from this section less whichever is the smaller of—
- (a) the amount equal to 10 per cent. of the relevant amount; and
- (b) the amount which reduces his liability to nil;
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197AA
- (5B) In determining for the purposes of subsection (5A) above the amount of income tax to which a person would be liable apart from any income tax reduction under this section, no account shall be taken of—
- (a) any income tax reduction under Chapter I of Part VII;
- (b) any relief by way of a reduction of liability to tax which is given in accordance with any arrangements having effect by virtue of section 788 or by way of a credit under section 790(1); or
- (c) any tax at the basic rate on so much of that person’s income as is income the income tax on which he is entitled to charge against any other person or to deduct, retain or satisfy out of any payment.
- (6) *The reference in subsection* (1)*above to a married couple living together shall be construed in accordance with section* 282(1),*but section* 282(2)*shall not apply for the purposes of this section*.
- (7) In this section—
- “*child*” means a person under 21 years of age;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “periodical payment” does not include an instalment of a lump sum;
- “*relevant child*”, in relation to any two persons, means a child who (not being a child who has been boarded out with them by a public authority or voluntary organisation) has been treated by both of them as a child of their family.
- (8) In subsection (1)(a) above, the reference to an order made by a court in the United Kingdom includes a reference to a maintenance assessment.
- (9) Where—
- (a) any periodical payment is made under a maintenance assessment by any person,
- (b) another person is, for the purposes of the Child Support Act 1991 or (as the case may be) the Child Support (Northern Ireland) Order 1991, a parent of the child or children with respect to whom the assessment has effect,
- (c) the assessment was not made under section 7 of the Child Support Act 1991 (right of child in Scotland to apply for maintenance assessment), and
- (d) any of the conditions mentioned in subsection (10) below is satisfied,
this section shall have effect as if the payment had been made to the other person for the maintenance by that other person of that child or (as the case may be) those children.
- (10) The conditions are that—
- (a) the payment is made to the Secretary of State in accordance with regulations made under section 29 of the Child Support Act 1991, by virtue of subsection (3)(a)(ii) of that section;
- (b) the payment is made to the Department of Health and Social Services for Northern Ireland in accordance with regulations made under Article 29 of the Child Support (Northern Ireland) Order 1991, by virtue of paragraph (3)(a)(ii) of that Article;
- (c) the payment is retained by the Secretary of State in accordance with regulations made under section 41 of that Act;
- (d) the payment is retained by the Department of Health and Social Services for Northern Ireland in accordance with regulations made under Article 38 of that Order.
- (11) In this section “*maintenance assessment*” means a maintenance assessment made under the Child Support Act 1991 or the Child Support (Northern Ireland) Order 1991.
- (12) Where any periodical payment is made to the Secretary of State or to the Department of Health and Social Services for Northern Ireland—
- (a) by any person , and
- (b) under an order—
- (i) made under section 106 of the Social Security Administration Act 1992 or section 101 of the Social Security Administration (Northern Ireland) Act 1992 (recovery of expenditure on benefit from person liable for maintenance) in respect of income support claimed by any other person; or
- (ii) made by virtue of section 23 of the Jobseekers Act 1995 (recovery of sums in respect of maintenance), or any corresponding enactment in Northern Ireland, in respect of an income-based jobseeker’s allowance claimed by any other person,
this section shall have effect as if the payment had been made to that other person to or for the benefit, and for the maintenance, of that other person or (as the case may be) to that other person for the maintenance of the child or children concerned.
- (13) In subsection (12) above, “*income-based jobseeker’s allowance*” has the same meaning as in the Jobseekers Act 1995 or, for Northern Ireland, the same meaning as in any corresponding enactment in Northern Ireland.
#### No tax credit for borrower under stock lending arrangement or interim holder under repurchase agreement.
##### 349ZA
- (1) Subsection (2) applies if—
- (a) a person who is a non-UK resident is chargeable to tax under section 587 of ITTOIA 2005 on profits from the sale of the whole or part of any patent rights, and
- (b) the net proceeds of the sale consist wholly or partly of a capital sum.
- (2) Subsection (1) of section 349 of this Act applies to any payment of the net proceeds of sale, or of an instalment of them, as if the net proceeds or instalment were, so far as consisting of the capital sum—
- (a) an annual sum to which paragraph (a) of that subsection applies, and
- (b) payable otherwise than out of profits or gains charged to income tax.
- (3) For the purposes of this section the net proceeds of the sale is the amount of the proceeds net of any incidental expenses of the sale which are deducted before payment.
- (4) Sections 597 to 599 of ITTOIA 2005 (licences connected with patents etc.) apply for the purposes of this section as they apply for the purposes of sections 587 to 596 of that Act.
- (5) Section 4 of the Capital Allowances Act 2001 (meaning of “capital sums” etc.) applies in relation to this section as it applies in relation to Chapter 2 of Part 5 of ITTOIA 2005 (receipts from intellectual property).
- (6) In this section “*a non-UK resident*” means a person who is not resident in the United Kingdom.
##### 349A
- (1) The provisions specified in subsection (3) below (which require tax to be deducted on making certain payments) do not apply to a payment made by a company or a local authority if, at the time the payment is made, the company or authority reasonably believes that one of the conditions specified in section 349B is satisfied.
- (2) Subsection (1) above has effect subject to any directions under section 349C.
- (3) The provisions are—
- section 349(1) (certain annuities and other annual payments, and royalties and other sums paid for use of UK patents),
- section 349(2)(a) and (b) (UK interest),
- section 349(3A) (dividend or interest on securities issued by building societies), and
- 349ZA(2) (which provides for section 349(1) to apply to proceeds of sale of UK patent rights).
- (4) References in subsection (3) above to any provision of section 349 do not include that provision as applied—
- (a) under section 777(9) (directions applying section 349(1) to certain payments to non-residents), or
- (b) by paragraph 4(2) of Schedule 23A (manufactured overseas dividends to be treated as annual payments within section 349).
- (5) References in this section to the company by which a payment is made do not include a company acting as trustee or agent for another person.
- (6) For the purposes of this section—
- (a) a payment by a partnership is treated as made by a company if any member of the partnership is a company , and
- (b) a payment by a partnership is treated as made by a local authority if any member of the partnership is a local authority.
#### Information relating to distributions.
##### 349B
- (1) The first of the conditions mentioned in section 349A(1) is that the person beneficially entitled to the income in respect of which the payment is made is—
- (a) a company resident in the United Kingdom, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) The second of those conditions is that—
- (a) the person beneficially entitled to the income in respect of which the payment is made is a company not resident in the United Kingdom (“*the non-resident company*”),
- (b) the non-resident company carries on a trade in the United Kingdom through a permanent establishment, and
- (c) the payment falls to be brought into account in computing the chargeable profits (within the meaning given by section 11(2)) of the non-resident company.
- (3) The third of those conditions is that the payment is made to , or to the nominee of—
- (a) a local authority;
- (b) a health service body within the meaning of section 519A(2);
- (c) a public office or department of the Crown to which section 829(1) applies;
- (d) a charity (within the meaning of section 506(1));
- (e) a body for the time being mentioned in section 507(1) (bodies that are allowed the same exemption from tax as charities the whole income of which is applied to charitable purposes);
- (f) an Association of a description specified in section 508 (scientific research organisations);
- (g) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (h) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (i) the administrator (within the meaning of section 611AA) of a scheme entitled to exemption under section 592(2) or 608(2)(a) (exempt approved schemes and former approved superannuation funds);
- (j) the trustees of a scheme entitled to exemption under section 613(4) (Parliamentary pension funds);
- (k) the persons entitled to receive the income of a fund entitled to exemption under section 614(3) (certain colonial, etc pension funds);
- (l) the trustees or other persons having the management of a fund entitled to exemption under section 620(6) (retirement annuity trust schemes); or
- (m) a person holding investments or deposits for the purposes of a scheme entitled to exemption under section 643(2) (approved personal pension schemes).
- (4) The fourth of those conditions is that—
- (a) the person to whom the payment is made is, or is the nominee of, the plan manager of a plan of a kind to which regulations under Chapter 3 of Part 6 of ITTOIA 2005 (income from individual investment plans) apply,
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) the plan manager receives the payment in respect of investments under the plan.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) The sixth of those conditions is that the person beneficially entitled to the income in respect of which the payment is made is a partnership each member of which is—
- (a) a person or body mentioned in subsection (3) above, or
- (b) a person or body mentioned in subsection (7) below.
- (7) The persons and bodies referred to in subsection (6)(b) above are—
- (a) a company resident in the United Kingdom;
- (b) a company that—
- (i) is not resident in the United Kingdom,
- (ii) carries on a trade there through a permanent establishment, and
- (iii) is required to bring into account, in computing its chargeable profits (within the meaning of section 11(2)), the whole of any share of that payment that falls to it by reason of sections 114 and 115;
- (c) the European Investment Fund.
- (8) The Treasury may by order amend—
- (a) subsection (3) above;
- (b) subsection (7) above;
so as to add to, restrict or otherwise alter the persons and bodies falling within that subsection.
##### 349C
- (1) The Board may give a direction to a company or local authority directing that section 349A(1) is not to apply in relation to any payment that—
- (a) is made by the company or authority after the giving of the direction, and
- (b) is specified in the direction or is of a description so specified.
- (2) Such a direction shall not be given unless the Board have reasonable grounds for believing as respects each payment to which the direction relates that it is likely that none of the conditions specified in section 349B will be satisfied in relation to the payment at the time the payment is made.
- (3) A direction under this section may be varied or revoked by a subsequent such direction.
- (4) In this section—
- “*company*” includes a partnership of which any member is a company; and
- “*local authority*” includes a partnership of which any member is a local authority.
##### 349D
- (1) Where—
- (a) a payment is made by a company or local authority without an amount representing the income tax on the payment being deducted from the payment,
- (b) at the time the payment is made, the company or authority reasonably believes that one of the conditions specified in section 349B is satisfied,
- (c) if the company or authority did not so believe, tax would be deductible from the payment under section 349, and
- (d) none of the conditions specified in section 349B is satisfied at the time the payment is made,
section 350 applies as if the payment were within section 349 (and Schedule 16 applies as if tax were deductible from the payment under section 349).
- (2) In this section—
- “*company*” includes a partnership of which any member is a company; and
- “*local authority*” includes a partnership of which any member is a local authority.
##### 349E
- (1) Where—
- (a) a company makes a payment of a royalty to which section 349(1) applies, and
- (b) the company reasonably believes that, at the time the payment is made, the payee is entitled to relief in respect of the payment under any arrangements under section 788 (double taxation relief),
the company may, if it thinks fit, calculate the sum to be deducted from the payment under section 349(1) by reference to the rate of income tax appropriate to the payee pursuant to the arrangements.
- (2) But, where the payee is not at that time entitled to such relief, section 350 and Schedule 16 shall have effect as if subsection (1) above never applied in relation to the payment.
- (3) Where the Board are not satisfied that the payee will be entitled to such relief in respect of one or more payments to be made by a company, they may direct the company that subsection (1) above is not to apply to the payment or payments.
- (4) A direction under subsection (3) above may be varied or revoked by a subsequent such direction.
- (5) In this section—
- “*payee*”, in relation to a payment, means the person beneficially entitled to the income in respect of which the payment is made; and
- “*royalty*” includes—any payment received as a consideration for the use of, or the right to use, any copyright, patent, trade mark, design, process or information, orany proceeds of sale of all or any part of any patent rights.
- (6) Paragraph 3(1) of Schedule 18 to the Finance Act 1998 (requirement to make return in respect of information relevant to application of Corporation Tax Acts) has effect as if the reference to the Corporation Tax Acts included a reference to this section.
- (7) Paragraph 20 of that Schedule (penalties for incorrect returns), in its application to an error relating to information required in a return by virtue of subsection (6) above, has effect as if—
- (a) the reference in sub-paragraph (1) to a tax-related penalty were a reference to an amount not exceeding £3000, and
- (b) sub-paragraphs (2) and (3) were omitted.
##### 350A
- (1) The Board may by regulations—
- (a) make provision as to the time and manner in which persons who under section 349(3C) deduct sums representing income tax out of payments of UK public revenue dividends are to account for and pay those sums; and
- (b) otherwise modify the provisions of sections 349 and 350 in their application to such dividends;
and in this section “*UK public revenue dividend*” has the same meaning as in section 349.
- (2) Regulations under this section may—
- (a) make different provision for different descriptions of UK public revenue dividend and for different circumstances;
- (b) make special provision for UK public revenue dividends which—
- (i) are payable to the Bank of Ireland out of the public revenue of the United Kingdom, or
- (ii) are entrusted to the Bank of Ireland for payment and distribution and are not payable by that Bank out of its principal office in Belfast;
- (c) include such transitional and other supplementary provisions as appear to the Board to be necessary or expedient.
- (3) No regulations under this section shall be made unless a draft of them has been laid before and approved by a resolution of the House of Commons.
##### 356A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197AB
##### 356B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197AC
##### 356C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Mileage allowances
##### 197AD
##### 356D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197AE
#### Information relating to distributions.
##### 357A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Giving effect to mileage allowance relief
##### 197AF
##### 357B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197AG
##### 357C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197AH
##### 360A
- (1) For the purposes of section 360(2)(a) an individual shall be treated as having a material interest in a company if he, either on his own or with one or more associates, or if any associate of his with or without such other associates,—
- (a) is the beneficial owner of, or able, directly or through the medium of other companies, or by any other indirect means to control, more than 5 per cent. of the ordinary share capital of the company, or
- (b) possesses, or is entitled to acquire, such rights as would, in the event of the winding-up of the company or in any other circumstances, give an entitlement to receive more than 5 per cent. of the assets which would then be available for distribution among the participators.
- (2) Subject to the following provisions of this section, in subsection (1) above “*associate*”, in relation to an individual, means—
- (a) any relative or partner of the individual;
- (b) the trustee or trustees of a settlement in relation to which the individual is, or any relative of his (living or dead) is or was, a settlor (“settlement” and “settlor” having the same meaning as in Chapter 5 of Part 5 of ITTOIA 2005 (see section 620 of that Act)); and
- (c) where the individual is interested in any shares or obligations of the company which are subject to any trust, or are part of the estate of a deceased person, the trustee or trustees of the settlement concerned or, as the case may be, the personal representative of the deceased.
- (3) In relation to any loan made after 5th April 1987, there shall be disregarded for the purposes of subsection (2)(c) above—
- (a) the interest of the trustees of an approved profit sharing scheme (within the meaning of section 187) in any shares which are held by them in accordance with the scheme and have not yet been appropriated to an individual; and
- (b) any rights exercisable by those trustees by virtue of that interest.
- (4) In relation to any loan made on or after the day on which the Finance Act 1989 was passed, where the individual has an interest in shares or obligations of the company as a beneficiary of an employee benefit trust, the trustees shall not be regarded as associates of his by reason only of that interest unless subsection (6) below applies in relation to him.
- (5) In subsection (4) above “*employee benefit trust*” has the same meaning as in paragraph 7 of Schedule 8, except that in its application for this purpose paragraph 7(5)(b) shall have effect as if it referred to the day on which the Finance Act 1989 was passed instead of to 14th March 1989.
- (6) This subsection applies in relation to an individual if at any time on or after the day on which the Finance Act 1989 was passed—
- (a) the individual, either on his own or with any one or more of his associates, or
- (b) any associate of his, with or without other such associates,
has been the beneficial owner of, or able (directly or through the medium of other companies or by any other indirect means) to control, more than 5 per cent. of the ordinary share capital of the company.
- (7) Sub-paragraphs (9) to (12) of paragraph 7 of Schedule 8 shall apply for the purposes of subsection (6) above in relation to an individual as they apply for the purposes of that paragraph in relation to an employee.
- (8) In relation to any loan made before 14th November 1986, where the individual is interested in any shares or obligations of the company which are subject to any trust, or are part of the estate of a deceased person, subsection (2)(c) above shall have effect as if for the reference to the trustee or trustees of the settlement concerned or, as the case may be, the personal representative of the deceased there were substituted a reference to any person (other than the individual) interested in the settlement or estate, but subject to subsection (9) below.
- (9) Subsection (8) above shall not apply so as to make an individual an associate as being entitled or eligible to benefit under a trust—
- (a) if the trust relates exclusively to an exempt approved scheme as defined in section 592; or
- (b) if the trust is exclusively for the benefit of the employees, or the employees and directors, of the company or their dependants (and not wholly or mainly for the benefit of directors or their relatives), and the individual in question is not (and could not as a result of the operation of the trust become), either on his own or with his relatives, the beneficial owner of more than 5 per cent. of the ordinary share capital of the company;
and in applying paragraph (b) above any charitable trusts which may arise on the failure or determination of other trusts shall be disregarded.
- (10) In this section “participator” has the meaning given by section 417(1) and“*relative*” means spouse or civil partner, parent or remoter forebear, child or remoter issue or brother or sister.
#### Procedure for making election.
#### Returns.
##### 367A
- (1) Sections 353 and 365 have effect as if—
- (a) purchase and resale arrangements involved the making of a loan, and
- (b) alternative finance return were interest.
- (2) Section 366 has effect accordingly.
- (3) In this section—
- “*alternative finance return*” has the meaning given in sections 564I to 564L of ITA 2007, and
- “*purchase and resale arrangements*” means arrangements to which section 564C of ITA 2007 applies.
#### Interpretation of Part VI.
##### 374A
- (1) This section applies where, in the case of any loan, interest on the loan never has been relevant loan interest or the borrower never has been a qualifying borrower.
- (2) Without prejudice to subsection (3) below, in relation to a payment of interest—
- (a) as respects which either of the conditions mentioned in paragraphs (a) and (b) of section 374(1) is fulfilled, and
- (b) from which a deduction was made as mentioned in section 369(1),
section 369 shall have effect as if the payment of interest were a payment of relevant loan interest made by a qualifying borrower.
- (3) Nothing in subsection (2) above shall be taken as regards the borrower as entitling him to make any deduction or to retain any amount deducted and, accordingly, where any amount has been deducted, he shall be liable to make good that amount and an officer of the Board may make such assessments as may in his judgment be required for recovering that amount.
- (4) The Management Act shall apply to an assessment under subsection (3) above as if it were an assessment to income tax for the year of assessment in which the deduction was made . . . .
- (5) If the borrower fraudulently or negligently makes any false statement or representation in connection with the making of any deduction, he shall be liable to a penalty not exceeding the amount deducted.
##### 375A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Mileage allowances
##### 197B
##### 376A
- (1) The Board shall maintain, and publish in such manner as they consider appropriate, a register for the purposes of section 376(4).
- (1A) The following are entitled to be registered—
- (a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000—
- (i) to accept deposits; or
- (ii) to effect or carry out contracts of general insurance;
- (b) a 90 per cent subsidiary of a person mentioned in—
- (i) section 376(4)(e); or
- (ii) paragraph (a) above;
- (c) any other body whose activities and objects appear to the Board to qualify it for registration.
- (2) If the Board are satisfied that an applicant for registration is entitled to be registered, they may register the applicant generally or in relation to any description of loan specified in the register, with effect from such date as may be so specified; and a body which is so registered shall become a qualifying lender in accordance with the terms of its registration.
- (3) The registration of any body may be varied by the Board—
- (a) where it is general, by providing for it to be in relation to a specified description of loan, or
- (b) where it is in relation to a specified description of loan, by removing or varying the reference to that description of loan,
and where they do so, they shall give the body written notice of the variation and of the date from which it is to have effect.
- (4) If it appears to the Board at any time that a body which is registered under this section would not be entitled to be registered if it applied for registration at that time, the Board may by written notice given to the body cancel its registration with effect from such date as may be specified in the notice.
- (5) The date specified in a notice under subsection (3) or (4) above shall not be earlier than the end of the period of 30 days beginning with the date on which the notice is served.
- (6) Any body which is aggrieved by the failure of the Board to register it under this section, or by the variation or cancellation of its registration, may, by notice given to the Board before the end of the period of 30 days beginning with the date on which the body is notified of the Board’s decision, require the matter to be determined by the Special Commissioners; and the Special Commissioners shall thereupon hear and determine the matter in like manner as an appeal.
### Losses from UK property business or overseas property business
##### 379A
- (1) Subject to the following provisions of this section, where for any year of assessment any person sustains any loss in a UK property business carried on by him either solely or in partnership—
- (a) the loss shall be carried forward to the following year of assessment and, to the extent that it does not exceed them, set against any profits of that business for the year to which it is carried forward; and
- (b) where there are no profits for the following year or the profits for that year are exceeded by the amount of the loss, the loss or, as the case may be, the remainder of it shall be so carried forward to the next following year, and so on.
- (2) Subsection (3) below shall apply where a loss is sustained in a UK property business for any year of assessment (“the year of the loss”) and one or both of the following conditions is satisfied, that is to say—
- (a) the amount of the . . . capital allowances treated as expenses of that business in computing that loss exceeds, by any amount (“the net capital allowances”), the amount of any charges under the Capital Allowances Act which are treated as receipts of that business in computing that loss;
- (b) the UK property business has been carried on in relation to land that consists of or includes an agricultural estate to which allowable agricultural expenses deducted in computing that loss are attributable;
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197C
- (3) Where the person carrying on the UK property business in a case to which this subsection applies makes a claim, in relation to the year of the loss or the year following that year, for relief under this subsection in respect of the loss—
- (a) relief from income tax may be given, for the year to which the claim relates, on an amount of that person’s income for that year which is equal to the amount of relief available for that year in respect of the loss; and
- (b) the loss which is to be or has been carried forward under subsection (1) above shall be treated as reduced (if necessary to nil) by an amount equal to the amount on which relief is given;
but a claim for relief under this subsection shall not be made after the end of twelve months from the 31st January next following the end of the year to which it relates and shall be accompanied by all such amendments as may be required by virtue of paragraph (b) above of any return made by the claimant under section 8 or 8A of the Management Act.
- (4) Subject to subsection (5) below, the reference in subsection (3) above to the amount of the relief available for any year in respect of a loss is a reference to whichever is the smallest of the following amounts, that is to say—
- (a) the amount of the relievable income for the year to which the claim relates;
- (b) the loss sustained in the UK property business in the year of the loss; and
- (c) the amount which, according to whether one or both of the conditions mentioned in subsection (2) above is satisfied in relation to the year of the loss, is equal—
- (i) to the net capital allowances,
- (ii) to the amount of the allowable agricultural expenses for the year of the loss, or
- (iii) to the sum of the net capital allowances and the amount of those expenses.
- (5) Where relief under subsection (3) above is given in respect of a loss in relation to either of the years in relation to which relief may be claimed in respect of that loss, relief shall not be available in respect of the same loss for the other year except, in a case where the relief already given is of an amount determined in accordance with subsection (4)(a) above, to the extent that the smaller of the amounts applicable by virtue of subsection (4)(b) and (c) above exceeds the amount of relief already given.
- (6) For the purposes of subsection (4)(a) above the amount of relievable income for any year, in relation to any person, shall be equal to the amount of his income for that year—
- (a) after effect has been given to subsection (1) above in relation to any amount carried forward to that year in respect of a loss sustained in any year before the year of the loss, and
- (b) in the case of a claim under subsection (3) above in relation to the year of the loss, after effect has been given to any claim under that subsection in respect of a loss sustained in the preceding year.
- (7) For the purposes of this section the loss sustained in any UK property business shall be computed in like manner as the profits arising from such a business are computed under the provisions of the Income Tax Acts applicable to UK property businesses.
- (8) In this section “*allowable agricultural expenses*”, in relation to an agricultural estate, means any disbursements or expenses attributable to the estate which are deductible in respect of maintenance, repairs, insurance or management of the estate and otherwise than in respect of the interest payable on any loan.
- (9) For the purposes of this section the amount of any disbursements or expenses attributable to an agricultural estate shall be determined as if—
- (a) disbursements and expenses were to be disregarded to the extent that they would not have been attributable to the estate if it did not include the parts of it used wholly for purposes other than purposes of husbandry, and
- (b) disbursements and expenses in respect of parts of the estate used partly for purposes of husbandry and partly for other purposes were to be reduced to an extent corresponding to the extent to which those parts were used for other purposes.
- (10) In this section—
- “*agricultural estate*” means any land (including any houses or other buildings) which is managed as one estate and which consists of or includes any agricultural land; and
- “*agricultural land*” means land, houses or other buildings in the United Kingdom occupied wholly or mainly for the purposes of husbandry.
##### 379B
The provisions of section 379A apply in relation to an overseas property business (within the meaning given by Chapter 2 of Part 3 of ITTOIA 2005) as they apply in relation to a UK property business.
#### Meaning of “adjusted net income”
##### 384A
- (1) Relief shall not be given to an individual under sections 380 and 381 by reference to a first-year allowance under Part 2 of the Capital Allowances Act (plant and machinery allowances) in the circumstances specified in subsection (2) or (4) below.
- (2) The circumstances are that the allowance is in respect of expenditure incurred on the provision of plant or machinery for leasing in the course of a qualifying activity and—
- (a) at the time when the expenditure was incurred, the qualifying activity was carried on by the individual in question in partnership with a company (with or without other partners), or
- (b) a scheme has been effected or arrangements have been made (whether before or after that time) with a view to the qualifying activity being so carried on by that individual.
- (3) For the purposes of subsection (2) above letting a ship on charter shall be regarded as leasing it if, apart from this subsection, it would not be so regarded.
- (4) The circumstances are that the allowance is made in connection with—
- (a) a qualifying activity which at the time when the expenditure was incurred was carried on by the individual in partnership or which has subsequently been carried on by him in partnership or transferred to a person who was connected with him, or
- (b) an asset which after that time has been transferred by the individual to a person who was connected with him or, at a price lower than its market value, to any other person,
and the condition in subsection (5) below is met.
- (5) The condition is that a scheme has been effected or arrangements have been made (whether before or after the time referred to in subsection (4) above) such that the sole or main benefit that might be expected to accrue to the individual from the transaction under which the expenditure was incurred was the obtaining of a reduction in tax liability by means of relief under sections 380 and 381.
- (6) Where relief has been given in circumstances in which subsection (1) applies it shall be withdrawn by the making of an assessment to income tax.
- (7) Section 839 (how to tell whether persons are connected) applies for the purposes of subsection (4) above.
- (8) Expressions used in this section and in Part 2 of the Capital Allowances Act have the same meaning as in that Part.
### Losses from Schedule A business or overseas property business
##### 392A
- (1) Where a company incurs a Schedule A loss in an accounting period, the loss shall be set off for the purposes of corporation tax against the company’s total profits for that period.
- (2) To the extent that a company’s Schedule A loss cannot be set off under subsection (1), it shall, if the company continues to carry on the Schedule A business in the succeeding accounting period, be carried forward to that period and be treated for the purposes of this section as a Schedule A loss of that period.
- (3) Where a company with investment business—
- (a) ceases to carry on a Schedule A business, but
- (b) continues to be a company with investment business,
any Schedule A loss that cannot be used under the preceding provisions shall be carried forward to the succeeding accounting period and be treated for the purposes of section 75 as if it were expenses of management deductible for that period.
- (4) In this section—
- (a) a “*Schedule A loss*” means a loss incurred by a company in a Schedule A business carried on by it; and
- (b) “*company with investment business*” has the same meaning as in Part IV.
- (5) The preceding provisions of this section apply to a Schedule A business only to the extent that it is carried on—
- (a) on a commercial basis, or
- (b) in the exercise of statutory functions.
- (6) For the purposes of subsection (5)(a)—
- (a) a business or part is not carried on on a commercial basis unless it is carried on with a view to making a profit, but if it is carried on so as to afford a reasonable expectation of profit it is treated as carried on with a view to making a profit; and
- (b) if there is a change in the manner in which a business or part is carried on, it is treated as having been carried on throughout an accounting period in the way in which it was being carried on by the end of the period.
- (7) In subsection (5)(b) “*statutory functions*” means functions conferred by or under any enactment (including an enactment contained in a local or private Act).
##### 392B
- (1) Where in any accounting period a company incurs a loss in an overseas property business (whether carried on by it solely or in partnership)—
- (a) the loss shall be carried forward to the succeeding accounting period and set against any profits of the business for that period,
- (b) if there are no profits of the business for that period, or if the profits for that period are exceeded by the amount of the loss, the loss or the remainder of it shall be carried forward again and set against any profits of the business for the next succeeding accounting period,
and so on.
- (2) Subsections (5) to (7) of section 392A apply in relation to relief under subsection (1) above and an overseas property business as they apply in relation to relief under section 392A(1) to (3) and a Schedule A business.
##### 393A
- (1) Subject to section 492(3), where in any accounting period ending on or after 1st April 1991 a company carrying on a trade incurs a loss in the trade, then, subject to subsection (3) below, the company may make a claim requiring that the loss be set off for the purposes of corporation tax against profits (of whatever description)—
- (a) of that accounting period, and
- (b) if the company was then carrying on the trade and the claim so requires, of preceding accounting periods falling wholly or partly within the period specified in subsection (2) below;
and, subject to that subsection and to any relief for an earlier loss, the profits of any of those accounting periods shall then be treated as reduced by the amount of the loss, or by so much of that amount as cannot be relieved under this subsection against profits of a later accounting period.
- (2) The period referred to in paragraph (b) of subsection (1) is (subject to subsection (2A) below) the period of twelve months immediately preceding the accounting period in which the loss is incurred; but the amount of the reduction that may be made under that subsection in the profits of an accounting period falling partly before the beginning of that period shall not exceed a part of those profits proportionate to the part of the accounting period falling within that period.
- (2A) This section shall have effect in relation to any loss to which this subsection applies as if, in subsection (2) above, the words “three years” were substituted for the words “twelve months”.
- (2B) Where a company ceases to carry on a trade at any time, subsection (2A) above applies to the following—
- (a) the whole of any loss incurred in that trade by that company in an accounting period beginning twelve months or less before that time; and
- (b) the part of any loss incurred in that trade by that company in an accounting period ending, but not beginning, in that twelve months which is proportionate to the part of that accounting period falling within those twelve months.
- (2C) Where—
- (a) a loss is incurred by a company in a ring fence trade carried on by that company, and
- (b) the accounting period in which the loss is incurred is an accounting period for which an allowance under section 164 of the Capital Allowances Act (abandonment expenditure incurred before cessation of ring fence trade) is made to that company,
subsection (2A) above applies to so much of the amount of that loss not falling within subsection (2B) above as does not exceed the amount of that allowance.
- (3) Subsection (1) above shall not apply to trades falling within Case V of Schedule D; and a loss incurred in a trade in any accounting period shall not be relieved under that subsection unless—
- (a) the trade is one carried on in the exercise of functions conferred by or under any enactment (including an enactment contained in a local or private Act), or
- (b) for that accounting period the trade was being carried on on a commercial basis and with a view to the realisation of gain in the trade or in any larger undertaking of which the trade formed part;
but this subsection is without prejudice to section 397.
- (4) For the purposes of subsection (3) above—
- (a) where at any time a trade is carried on so as to afford a reasonable expectation of gain, it shall be treated as being carried on at that time with a view to the realisation of gain; and
- (b) where in an accounting period there is a change in the manner in which a trade is being carried on, it shall be treated as having throughout the accounting period been carried on in the way in which it was being carried on by the end of that period.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) Subject to subsection (7A) below, where a company ceases to carry on a trade, subsection (9) of section 393 shall apply in computing for the purposes of this section a loss in the trade in an accounting period ending with the cessation, or ending at any time in the twelve months immediately preceding the cessation, as it applies in computing a loss in an accounting period for the purposes of subsection (1) of that section.
- (7A) For the purposes of this section where—
- (a) subsection (7) above has effect for computing the loss for any accounting period, and
- (b) that accounting period is one beginning before the beginning of the twelve months mentioned in that subsection,
the part of that loss that is not the part falling within subsection (2B)(b) above shall be treated as reduced (without any corresponding increase in the part of the loss that does fall within subsection (2B)(b) above) by an amount equal to so much of the aggregate of the charges on income treated as expenses by virtue of subsection (7) above as is proportionate to the part of the accounting period that does not fall within those twelve months.
- (8) Relief shall not be given by virtue of subsection (1)(b) above in respect of a loss incurred in a trade so as to interfere with any relief under section 338 in respect of payments made wholly and exclusively for the purposes of that trade.
- (9) For the purposes of this section—
- (a) the amount of a loss incurred in a trade in an accounting period shall be computed in the same way as trading income from the trade in that period would have been computed;
- (b) “*trading income*” means, in relation to any trade, the income which falls or would fall to be included in respect of the trade in the total profits of the company; and
- (c) references to a company carrying on a trade refer to the company carrying it on so as to be within the charge to corporation tax in respect of it.
- (10) A claim under subsection (1) above may only be made within the period of two years immediately following the accounting period in which the loss is incurred or within such further period as the Board may allow.
- (11) In any case where—
- (a) by virtue of section 165 of the Capital Allowances Act (abandonment expenditure within 3 years of ceasing ring fence trade) the qualifying expenditure of the company for the chargeable period related to the cessation of its ring fence trade is treated as increased by any amount, or
- (b) by virtue of section 416 of that Act (expenditure on restoration within 3 years of ceasing to trade) any expenditure is treated as qualifying expenditure incurred by the company on the last day of trading,
then, in relation to any claim under subsection (1) above to the extent that it relates to an increase falling within paragraph (a) above or to expenditure falling within paragraph (b) above, subsection (10) above shall have effect with the substitution of “five years” for “two years”.
- (12) In this section “*ring fence trade*” has the same meaning as in section 162 of the Capital Allowances Act.
##### 393B
- (1) This section applies if these conditions are met—
- (a) a company makes a claim under section 393A(1) requiring that a loss incurred in a ring fence trade be set off against profits;
- (b) section 393A(2A) applies in relation to that claim (three year set off period) by virtue of—
- (i) section 393A(2B) (loss precedes cessation of trade), or
- (ii) section 393A(2C) (loss arises in year when general decommissioning expenditure incurred); and
- (c) the loss incurred in the ring fence trade that may be set off under section 393A (“L”) exceeds the profits against which L may be set off under section 393A (“P”).
- (2) The profits of the ring fence trade of an accounting period are to be relieved under subsection (3) if that period—
- (a) falls wholly or partly before the three year set off period, and
- (b) ends on or after 17 April 2002.
- (3) Subject to any relief for an earlier loss, those profits of that accounting period shall be treated as reduced by—
- (a) the amount by which L exceeds P, or
- (b) so much of that amount as cannot be relieved under this subsection against profits of the ring fence trade of a later accounting period.
- (4) Subsection (3) is subject to subsection (5) in the case of an accounting period that falls partly (but not wholly) before the three year set off period.
- (5) The amount of the reduction of the profits of the ring fence trade that may be made under subsection (3) shall not exceed a part of those profits proportionate to the part of the accounting period that falls before the three year set off period.
- (6) Subsection (3) is subject to subsection (7) in the case of an accounting period that begins before 17 April 2002 and ends on or after that date.
- (7) The amount of the reduction of the profits of the ring fence trade that may be made under subsection (3) shall not exceed a part of those profits proportionate to the part of the accounting period that falls after 16 April 2002.
- (8) In this section—
- “*ring fence*” has the same meaning as in section 162 of the Capital Allowances Act;
- “*three year set off period*” means the period of three years that applies to the claim under section 393A(1) by virtue of section 393A(2A) and section 393A(2B) or (2C).
#### Children’s tax credit.
##### 403ZA
- (1) For the purposes of section 403 a trading loss means a loss incurred by the surrendering company in the surrender period in carrying on a trade, computed as for the purposes of section 393A(1).
- (2) That section does not apply to a trading loss which would be excluded from section 393A(1) by—
- (a) section 393A(3) (foreign trades and certain trades not carried on with a view to gain), or
- (b) section 397 (farming and market gardening: restriction on loss relief).
- (3) Where a company owned by a consortium—
- (a) has in any relevant accounting period incurred a trading loss, and
- (b) has profits (of whatever description) of that accounting period against which that loss could be set off under section 393A(1),
the amount of the loss available to a member of the consortium on a consortium claim shall be determined on the assumption that the company has made a claim under section 393A(1) requiring the loss to be so set off.
- (4) Where the company mentioned in subsection (3) is a group/consortium company, the amount of the loss available under that subsection shall be determined before any reduction is made under section 405(1) to (3).
##### 403ZB
- (1) For the purposes of section 403 excess capital allowances means capital allowances falling to be made to the surrendering company for the surrender period to the extent that they are to be given effect under section 260 of the Capital Allowances Act (special leasing: excess allowance).
- (2) In determining the amount of the allowances falling to be made for the surrender period, no account shall be taken of any allowances carried forward from an earlier period.
- (3) The amount of the company’s income of the relevant class means its amount before deduction of—
- (a) losses of any other period, or
- (b) capital allowances.
##### 403ZC
- (1) For the purposes of section 403 a non-trading deficit on its loan relationships means a deficit of the surrendering company to which section 83 of the Finance Act 1996 applies.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 403ZD
- (1) References in section 403 to charges on income, Schedule A losses and management expenses shall be construed as follows.
- (2) Charges on income means the aggregate of the amounts paid by the surrendering company in the surrender period by way of charges on income.
- (3) A Schedule A loss means a loss incurred by the surrendering company in the surrender period in a Schedule A business carried on by the company.
It does not include—
- (a) an amount treated as such a loss by section 392A(2) (losses carried forward from earlier period), or
- (b) a loss which would be excluded from section 392A by subsection (5) of that section (certain businesses not carried on with a view to gain).
- (4) Management expenses means the aggregate of the amounts deductible under section 75(1) (expenses of management of company with investment business) by the surrendering company for this period.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) A non-trading loss on intangible fixed assets means a non-trading loss on intangible fixed assets, within the meaning of Schedule 29 to the Finance Act 2002, for the surrender period.
It does not include so much of any such loss as is attributable to an amount being carried forward under paragraph 35(3) of that Schedule (amounts carried forward from earlier periods).
##### 403ZE
- (1) For the purposes of section 403 the surrendering company’s gross profits of the surrender period means its profits for that period—
- (a) without any deduction in respect of such losses, allowances and other amounts as are mentioned in paragraph (a) or (b) of subsection (1) of that section, and
- (b) without any deduction falling to be made—
- (i) in respect of losses, allowances or other amounts of any other period (whether or not of a description within subsection (1) of that section), or
- (ii) by virtue of section 75(9) or 392A(3) (other amounts carried forward).
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 403A
- (1) The amount which, on a claim for group relief, may be set off against the total profits of the claimant company for an accounting period (“*the claim period*”), and accordingly the amount to which any consent required in respect of that claim may relate, shall not exceed whichever is the smaller of the following amounts—
- (a) the unused part of the surrenderable amount for the overlapping period; and
- (b) the unrelieved part of the claimant company’s total profits for the overlapping period.
- (2) For the purposes of any claim for group relief—
- (a) the unused part of the surrenderable amount for the overlapping period is the surrenderable amount for that period reduced by the amount of any prior surrenders attributable to the overlapping period; and
- (b) the unrelieved part of the claimant company’s total profits for the overlapping period is the amount of its total profits for that period reduced by the amount of any previously claimed group relief attributable to the overlapping period.
- (3) For the purposes of any claim for group relief—
- (a) the surrenderable amount for the overlapping period is so much of the surrenderable amount for the accounting period of the surrendering company to which the claim relates as is attributable, on an apportionment in accordance with section 403B, to the overlapping period;
- (b) the surrenderable amount for an accounting period of the surrendering company is the total amount for that accounting period of the losses and other amounts which (disregarding this section and section 403C) are available in that company’s case for set off by way of group relief; and
- (c) the amount of the claimant company’s total profits for the overlapping period is so much of its total profits for the claim period as is attributable, on an apportionment in accordance with section 403B, to the overlapping period.
- (4) In relation to any claim for group relief (“*the relevant claim*”) the amount of the prior surrenders attributable to the period which is the overlapping period in the case of the relevant claim is equal to the aggregate amount (if any) produced by—
- (a) taking the amount of every claim for group relief (whether a group claim or a consortium claim) which—
- (i) has been made before the relevant claim,
- (ii) was made in respect of the whole or any part of the amount which, in relation to the relevant claim, is the surrenderable amount for the accounting period of the surrendering company to which the claim relates, and
- (iii) has not been withdrawn;
- (b) treating the amount of group relief which (having regard to the provisions of this section) is allowable under each such claim as an amount of relief for the period which is the overlapping period in the case of that claim;
- (c) determining how much of each amount treated in accordance with paragraph (b) above as an amount of relief for a particular period is attributable, on an apportionment in accordance with section 403B, to the period (if any) which is common to both—
- (i) that period; and
- (ii) the period which is the overlapping period in the case of the relevant claim;
and
- (d) aggregating all the amounts determined under paragraph (c) above in respect of the previously made claims.
- (5) In relation to any claim for group relief (“*the relevant claim*”), the amount of previously claimed group relief attributable to the period which is the overlapping period in the case of that claim is the aggregate amount produced by—
- (a) taking the amount of every claim for group relief (whether a group claim or a consortium claim) which—
- (i) has been made before the relevant claim,
- (ii) was a claim to set off an amount by way of group relief against the claimant company’s total profits for the period which, in relation to the relevant claim, is the claim period, and
- (iii) has not been withdrawn;
- (b) treating the amount of group relief which (having regard to the provisions of this section) is allowable under each such claim as an amount of relief for the period which is the overlapping period in the case of that claim;
- (c) determining how much of each amount treated in accordance with paragraph (b) above as an amount of relief for a particular period is attributable, on an apportionment in accordance with section 403B, to the period (if any) which is common to both—
- (i) that period; and
- (ii) the period which is the overlapping period in the case of the relevant claim;
and
- (d) aggregating all the amounts determined under paragraph (c) above in respect of the previously made claims.
- (6) For the purposes of this section the amount of group relief allowable on any claim (“*the finalised claim*”) shall fall to be determined as at the time when that claim ceases to be capable of being withdrawn as if—
- (a) every claim that became incapable of being withdrawn before that time were a claim made before the finalised claim; and
- (b) every claim that remains capable of being withdrawn at that time were a claim made after the finalised claim.
- (7) Subject to subsection (6) above and without prejudice to any power to withdraw and resubmit claims, where (but for this subsection) more than one claim for group relief would be taken for the purposes of subsections (4) and (5) above to have been made at the same time, those claims shall be deemed, instead, to have been made—
- (a) in such order as the company or companies making them may, by notice to any officer of the Board, elect or, as the case may be, jointly elect; and
- (b) if there is no such election, in such order as an officer of the Board may direct.
- (8) In this section “*the overlapping period*”, in relation to a claim for group relief, means (subject to subsection (9) below and section 406(3) and (7)) the period which is common to both—
- (a) the claim period; and
- (b) the accounting period of the surrendering company to which the claim relates.
- (9) For the purposes of this section any time in the period which, in relation to any claim for group relief, is common to both the accounting periods mentioned in subsection (8) above but which is a time when the qualifying conditions were not satisfied—
- (a) shall be treated as not comprised in the period which is the overlapping period in the case of that claim; and
- (b) shall be treated instead, in relation to each of those accounting periods, as if it constituted a part of that accounting period which was not common to both periods.
- (10) For the purposes of subsection (9) above the qualifying conditions are satisfied in relation to any claim for group relief at the following times, that is to say—
- (a) if the claim is a group claim, whenever the claimant company and the surrendering company are both members of the same group and the condition specified in section 402(3B) is satisfied in the case of both companies; and
- (b) if the claim is a consortium claim, whenever the conditions specified in section 402(3) for the making of that claim and the condition specified in section 402(3B) are satisfied in the case of the claimant company and the surrendering company.
##### 403B
- (1) Subject to subsection (2) below, where an apportionment falls to be made under section 403A for the purpose of determining how much of an amount for any period (“*the first period*”) is attributable to any other period (“*the second period*”) which comprises the whole or a part of the first period—
- (a) the whole of that amount shall be attributed to the second period if the first and second periods begin and end at the same times; and
- (b) in any other case, the apportionment shall be made on a time basis according to how much of the first period coincides with the second period.
- (2) Where the circumstances of a particular case are such that the making on the time basis mentioned in subsection (1)(b) above of some or all of the apportionments to be made in that case would work in a manner that would be unjust or unreasonable in relation to any person, those apportionments shall be made instead (to the extent only that is necessary in order to avoid injustice and unreasonableness) in such other manner as may be just and reasonable.
##### 403C
- (1) In the case of a consortium claim the amount that may be set off against the total profits of the claimant company is limited by this section.
- (2) Where the claimant company is a member of the consortium, the amount that may be set off against the total profits of that company for the overlapping period is limited to the relevant fraction of the surrenderable amount.
That fraction is whichever is the lowest in that period of the following percentages—
- (a) the percentage of the ordinary share capital of the surrendering company that is beneficially owned by the claimant company;
- (b) the percentage to which the claimant company is beneficially entitled of any profits available for distribution to equity holders of the surrendering company; and
- (c) the percentage to which the claimant company would be beneficially entitled of any assets of the surrendering company available for distribution to its equity holders on a winding-up.
If any of those percentages have fluctuated in that period, the average percentage over the period shall be taken.
- (3) Where the surrendering company is a member of the consortium, the amount that may be set off against the total profits of the claimant company for the overlapping period is limited to the relevant fraction of the claimant company’s total profits for the overlapping period.
That fraction is whichever is the lowest in that period of the following percentages—
- (a) the percentage of the ordinary share capital of the claimant company that is beneficially owned by the surrendering company;
- (b) the percentage to which the surrendering company is beneficially entitled of any profits available for distribution to equity holders of the claimant company; and
- (c) the percentage to which the surrendering company would be beneficially entitled of any assets of the claimant company available for distribution to its equity holders on a winding-up.
If any of those percentages have fluctuated in that period, the average percentage over the period shall be taken.
- (4) In any case where the claimant or surrendering company is a subsidiary of a holding company which is owned by a consortium, for the references in subsection (2) or (3) above to the claimant or surrendering company there shall be substituted references to the holding company.
- (5) Expressions used in this section and in section 403A have the same meanings in this section as in that section.
- (6) Schedule 18 has effect for supplementing this section.
##### 403D
- (1) In determining for the purposes of this Chapter the amounts for any accounting period of the losses and other amounts available for surrender by way of group relief by a non-resident company, no loss or other amount shall be treated as so available except in so far as—
- (a) it is attributable to activities of that company the income and gains from which for that period are, or (were there any) would be, brought into account in computing the company’s chargeable profits for that period for corporation tax purposes;
- (b) it is not attributable to activities of the company which are made exempt from corporation tax for that period by any double taxation arrangements; and
- (c) no part of—
- (i) the loss or other amount, or
- (ii) any amount brought into account in computing it,
corresponds to, or is represented in, any amount which, for the purposes of any foreign tax, is (in any period) deductible from or otherwise allowable against non-UK profits of the company or any other person.
- (2) In determining for the purposes of sections 403A and 403C the total profits for an accounting period of a non-resident company, there shall be disregarded—
- (a) amounts not falling to be comprised for corporation tax purposes in the chargeable profits of the company for that accounting period, and
- (b) so far as not falling within paragraph (a) above, any amounts arising from activities which are made exempt from corporation tax for that period by any double taxation arrangements.
- (3) In this section “*non-UK profits*”, in relation to any person, means amounts which—
- (a) are taken for the purposes of any foreign tax to be the amount of the profits, income or gains on which (after allowing for deductions) that person is charged with that tax, and
- (b) are not amounts corresponding to, and are not represented in, the total profits (of that or any other person) for any accounting period,
or amounts taken into account in computing such amounts.
- (4) Subsection (2) above applies for the purposes of subsection (3)(b) above as it applies for the purposes of sections 403A and 403C.
- (5) For the purposes of this section an amount shall not be taken to be an amount which for the purposes of any foreign tax is deductible from or otherwise allowable against any non-UK profits of any person by reason only that it is—
- (a) an amount of profits brought into account for the purpose of being excluded from the profits that are non-UK profits of that person by reference to that foreign tax; or
- (b) an amount brought into account in computing the amount of any profits falling to be so excluded.
- (6) So much of the law of any territory outside the United Kingdom as for the purposes of any foreign tax makes the deductibility of any amount dependent on whether or not it is deductible for tax purposes in the United Kingdom shall be disregarded for the purposes of this section.
- (7) For the purposes of this section activities of a company are made exempt from corporation tax for any period by double taxation arrangements if the effect of any such arrangements is that the income and gains (if any) arising for that period from those activities is to be disregarded in computing the company’s chargeable profits.
- (8) In this section “*double taxation arrangements*” means any arrangements having effect by virtue of section 788.
- (9) In this section “*foreign tax*” means any tax chargeable under the law of any territory outside the United Kingdom which—
- (a) is charged on income and corresponds to United Kingdom income tax; or
- (b) is charged on income or chargeable gains or both and corresponds to United Kingdom corporation tax;
but for the purposes of this section a tax shall not be treated as failing to correspond to income tax or corporation tax by reason only that it is chargeable under the law of a province, state or other part of a country, or is levied by or on behalf of a municipality or other local body.
- (10) In determining for the purposes of this section whether any activities are made exempt from corporation tax for any period by any double taxation arrangements any requirement that a claim is made before effect is given to any provision of the arrangements shall be disregarded.
##### 403E
- (1) In determining, for the purposes of this Chapter, the amounts for any accounting period of the losses and other amounts available for surrender by way of group relief by any company resident in the United Kingdom (“*the resident company*”), a loss or other amount shall be treated as not so available in so far as it—
- (a) is attributable to an overseas permanent establishment of that company, and
- (b) is a loss or other amount falling within subsection (2) below.
- (2) Subject to subsection (3) below, a loss or other amount attributable to an overseas permanent establishment falls within this subsection if the whole or any part of it is, or represents, an amount which, for the purposes of foreign tax under the law of the territory where that permanent establishment is situated, is (in any period) deductible from or otherwise allowable against non-UK profits of a person other than the resident company.
- (3) A loss or other amount does not fall within subsection (2) above if it is referable to life assurance business (within the meaning of Chapter I of Part XII) carried on by the resident company.
- (4) The reference in subsections (1) and (2) above to a loss or other amount attributable to an overseas permanent establishment of a company is a reference to the loss or other amount (if any) that would be surrenderable by that company by way of group relief if the amount surrenderable by that company were computed—
- (a) by reference only to that permanent establishment, and
- (b) by the application in relation to that permanent establishment of principles corresponding in all material respects to those applicable for the purposes of corporation tax to the computation of the equivalent losses or other amounts in the case of the UK permanent establishment of a non-resident company.
- (5) In subsection (4)(b) above the reference to the UK permanent establishment of a non-resident company is a reference to any permanent establishment through which a company which is not resident in the United Kingdom carries on a trade in the United Kingdom.
- (6) References in this section to an overseas permanent establishment of a company are references to any permanent establishment through which that company carries on a trade in a territory outside the United Kingdom.
- (7) In this section “*foreign tax*” and “*non-UK profits*” have the same meaning as in section 403D.
- (8) Where the deductibility of any amount for the purposes of any foreign tax is dependent on whether or not that amount, or a corresponding amount, is deductible for tax purposes in the United Kingdom, this section shall have effect as if that amount were deductible for the purposes of that foreign tax if, and only if, the resident company is treated for the purposes of that tax as resident in the territory where that tax is charged.
##### 403F
- (1) This section has effect for determining for the purposes of this Chapter the extent to which a loss or other amount is available for surrender by way of group relief by a non-resident company—
- (a) which is resident in an EEA territory, or
- (b) which is not so resident but which carries on a trade in an EEA territory through a permanent establishment,
in a case where a group claim may be made as a result of the condition in section 402(2A) being satisfied.
- (2) A loss or other amount is not available for surrender by way of group relief by the non-resident company except in so far as, in relation to the EEA territory, the amount meets—
- (a) the equivalence condition,
- (b) the EEA tax loss condition,
- (c) the qualifying loss condition, and
- (d) the precedence condition.
- (3) Part 1 of Schedule 18A determines, in the case of any amount and any EEA territory, the extent to which those conditions are met.
- (4) In so far as a loss or other amount meets those conditions, Part 2 of Schedule 18A applies—
- (a) for calculating the amount of the loss or other amount (if any) that is available for surrender by way of group relief, and
- (b) otherwise for making provision in relation to the application of this Chapter to the non-resident company.
- (5) This section is subject to section 403G (unallowable overseas losses of non-resident companies).
##### 403G
- (1) This section applies in the case of a loss or other amount arising to a non-resident company—
- (a) which is resident in any EEA territory, or
- (b) which is not so resident but which carries on a trade in an EEA territory through a permanent establishment,
where the amount is not attributable for corporation tax purposes to any UK permanent establishment of the non-resident company.
- (2) The amount is not available for surrender by way of group relief by the non-resident company in so far as conditions A and B are met.
- (3) Condition A is that—
- (a) the amount would not qualify for group relief but for any relevant arrangements, or
- (b) the amount would not have arisen to the non-resident company but for any relevant arrangements.
- (4) Condition B is that the main purpose, or one of the main purposes, of the relevant arrangements was to secure that the amount would qualify for group relief.
- (5) In this section references to relevant arrangements, in relation to any amount, are to—
- (a) arrangements made on or after 20th February 2006, or
- (b) arrangements made before that date where the amount would (but for this section) first qualify for group relief on or after that date or (as the case may be) the amount arises on or after that date.
- (6) In this section—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable),
- “*UK permanent establishment*”, in relation to the non-resident company, means any permanent establishment through which it carries on a trade in the United Kingdom.
##### 411ZA
- (1) This section applies if the surrendering company is prevented from obtaining a deduction in respect of an amount by section 520 of CTA 2009 (provision not at arm's length: non-deductibility of relevant return).
- (2) The amount may not be surrendered by way of group relief.
##### 411A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197D
#### Elections as to transfer of relief under section 257A.
#### Further interpretation of sections 135 to 139.
#### Interpretation.
#### Relief for contributions in respect of share option gains.
#### Exemptions from section 148.
##### 431ZA
- (1) An insurance company may, in its company tax return for the first accounting period of the company beginning on or after 1 January 2008 in which any of the assets of the company's long-term insurance fund would (apart from this section) be foreign business assets, elect that none of the assets of the company's long-term insurance fund are to be regarded for the purposes of this Act as being foreign business assets.
- (2) The election has effect for that accounting period and all subsequent accounting periods of the company.
- (3) An election under subsection (1) is irrevocable.
##### 431A
- (1) The Treasury may by order amend any insurance company taxation provision where it is expedient to do so in consequence of the exercise of any power under the Financial Services and Markets Act 2000, in so far as that Act relates to insurance companies.
- (2) Where any exercise of a power under that Act has effect for a period ending on or before, or beginning before and ending after, the day on which an order containing an amendment in consequence of that exercise is made under subsection (1) above, the power conferred by that subsection includes power to provide for the amendment to have effect in relation to that period.
- (3) The Treasury may by order amend any of the following provisions—
- (a) sections 432ZA, 432A, 432B to 432G and 755A and Schedule 19AA;
- (b) sections 83A, 85, 88 and 89 of the Finance Act 1989;
- (c) section 210A of the Taxation of Chargeable Gains Act 1992.
- (4) An order under subsection (3) above may only be made so as to have effect in relation to periods of account—
- (a) beginning on or after 1st January 2005, and
- (b) ending before 1st October 2006.
- (5) The Treasury may by order amend subsection (4)(b) above by substituting for “1st October 2006” a date no later than 1st October 2007.
- (6) Any power conferred by this section to make an order includes power to make—
- (a) different provision for different cases or different purposes, and
- (b) incidental, supplemental, consequential or transitional provision and savings.
- (7) In this section “*insurance company taxation provision*” means any of the following—
- (a) a provision of this Chapter;
- (b) any other provision of the Tax Acts so far as relating to insurance companies.
##### 431AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197E
##### 432A
- (1) This section has effect for determining for the purposes of any provision of the Corporation Tax Acts in relation to any period for which an insurance company carries on business what parts of—
- (a) income arising from the assets of the company’s long-term insurance fund, or
- (b) gains or losses accruing on the disposal of such assets,
are referable to any category of business.
- (1A) If the company carries on only one category of business in the period, all of the income and gains or losses referred to in subsection (1) above shall be referable to that category of business; but if the company carries on more than one category of business in the period, the following provisions shall apply.
- (2) The categories of business referred to in subsections (1) and (1A) above are—
- (a) pension business;
- (b) life reinsurance business;
- (c) overseas life assurance business;
- (d) basic life assurance and general annuity business; and
- (f) long-term business other than life assurance business.
- (3) Income arising from, and gains or losses accruing on the disposal of, assets linked to any category of business (apart from overseas life assurance business) shall be referable to that category of business.
- (4) Income arising from, and gains or losses accruing on the disposal of, assets of the overseas life assurance fund (and no other assets) shall be referable to overseas life assurance business.
- (5) There shall be referable to any category of business (apart from overseas life assurance business) the relevant fraction of any income, gains or losses not directly referable to any category of business.
- (6) For the purposes of subsection (5) above “*the relevant fraction*”, in relation to basic life assurance and general annuity business, is the fraction of which—
- (a) the numerator is the aggregate of—
- (i) the mean of the opening and closing liabilities of that category of business, reduced (but not below nil) by the mean of the opening and closing net values of any assets directly referable to that category, . . .
- (ii) if there has been a relevant reattribution, the mean of the opening and closing amounts of the shareholders' excess assets, and
- (iii) the mean of the appropriate parts of the opening and closing amounts of the free assets amounts; and
- (b) the denominator is the aggregate of—
- (i) the numerator given by paragraph (a) above; and
- (ii) the numerators given by subsection (6A)(a) below in relation to the other categories of business.
- (6A) For the purposes of subsection (5) above “*the relevant fraction*”, in relation to any other category of business other than basic life assurance and general annuity business and overseas life assurance business, is the fraction of which—
- (a) the numerator is the aggregate of—
- (i) the mean of the opening and closing liabilities of the category, reduced (but not below nil) by the mean of the opening and closing net values of any assets directly referable to the category, and
- (ii) the mean of the appropriate parts of the opening and closing amounts of the free assets amounts; and
- (b) the denominator is the aggregate of—
- (i) the numerator given by paragraph (a) above
- (ii) the numerators given by that paragraph in relation to the other categories of business; and
- (iii) the numerators given by subsection (6)(a) above in relation to the basic life assurance and general annuity business.
- (7) For the purposes of subsections (5), (6) and (6A) above—
- (a) income, gains or losses are directly referable to a category of business if referable to that category by virtue of subsection (3) or (4) above, . . .
- (b) assets are directly referable to a category of business if income arising from the assets is, and gains or losses accruing on the disposal of the assets are, so referable by virtue of subsection (3) above, and
- (c) amounts are directly referable to basic life assurance and general annuity business if they fall within any of the following provisions—
- (i) sections 438B, 441B and 442A,
- (ii) section 85(2C)(c) of the Finance Act 1989.
- (8) In subsections (6) and (6A) above—
- (a) “*appropriate part*”, in relation to the free assets amount, means—
- (i) where none (or none but an insignificant proportion) of the liabilities of the long-term business are with-profits liabilities, the part of that amount which bears to the whole the proportion A/B where—
A is the amount of the liabilities of the category of business in question;
B is the whole amount of the liabilities of the long-term business; and
- (ii) in any other case the part of the free assets amount which bears to the whole the proportion C/D where—
C is the amount of the with-profits liabilities of the category of business in question;
D is the whole amount of the with-profits liabilities of the long-term business; and
- (b) the amount of the shareholders' excess assets in relation to any period of account of the company is the amount equal to SXA — L27 where—
- (i) SXA is the aggregate amount of the assets shown in its non-participating funds which are attributed to its shareholders as a result of a relevant reattribution; and
- (ii) L27 is the amount (if any) shown in line 27 of Form 19 in its periodical return for the relevant period of account.
- (8A) In this section—
- “*non-participating funds*” means accounts which relate exclusively to policies or contracts under which the policy holders or annuitants are not eligible to participate in surplus;
- “*reattribution*” in relation to an insurance company which has an inherited estate, means the attribution of assets to shareholders' interests as a result of—an agreement between the company and the relevant regulator as to the amount of that estate and its attribution between shareholders and policy holders; ora decision of the company to specify and identify an amount of assets (otherwise than in connection with a transfer to the company's long-term insurance fund) as attributable only to shareholders' interests;a reattribution is “relevant” if it arises as a result of any of the following—a transfer of business under—section 49 of, or Schedule 2C to, the Insurance Companies Act 1982;an insurance business transfer scheme (within the meaning of section 431(2));a scheme of arrangement under section 425 of the Companies Act 1985;an order under section 68 of the Insurance Companies Act 1982;a waiver under section 148 of the Financial Services and Markets Act 2000;an amendment to the company's memorandum, articles of association or other instrument regulating the company.
- (8B) In subsection (8A) above—
- “*inherited estate*” has the same meaning as it has in the Integrated Prudential Sourcebook; and
- “*relevant regulator*” means the Financial Services Authority, the Treasury or the Secretary of State.
- (9) Where a company carries on overseas life assurance business—
- (a) references in this section to liabilities do not include liabilities of that business, and
- (b) the appropriate part of the free assets amount as defined by paragraph 4(2)(a) of Schedule 19AA shall be left out of account in determining that amount for the purposes of this section.
- (9A) In this section and sections 432C and 432D “*net value*”, in relation to any assets, means the excess of the value of the assets over the value of money debts (within the meaning of Chapter 2 of Part 4 of the Finance Act 1996) attributable to an internal linked fund which are not owed in respect of liabilities.
- (9B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 432B
- (1) This section and sections 432C to 432F have effect where it is necessary in accordance with section 83 of the Finance Act 1989 to determine what parts of any items brought into account, within the meaning of that section, are referable to life assurance business or any category of life assurance business.
- (2) Where for that purpose reference falls to be made to more than one account recognised for the purposes of that section, the provisions of sections 432C to 432F apply separately in relation to each account.
- (3) Sections 432C and 432D apply where the business with which an account is concerned (“*the relevant business*”) relates exclusively to policies or contracts under which the policy holders or annuitants are not eligible to participate in surplus; and sections 432E and 432F apply where the relevant business relates wholly or partly to other policies or contracts.
- (4) The following provisions of this section have effect where sections 432C and 432D—
- (a) apply in relation to any account for a fund in which shareholders' excess assets are held, and
- (b) apply in relation to that account in relation to any period of account beginning on or after 1st January 2005 and ending before 1st October 2006.
- (5) The part of the amount brought into account as income which is referable in accordance with section 432C to any category of business apart from—
- (a) basic life assurance and general annuity business, and
- (b) overseas life assurance business,
is reduced by the relevant fraction of the shareholders' excess income.
- (6) The part of the amount brought into account as the increase or decrease in the value of assets or as other income which is referable in accordance with section 432D to any category of business apart from basic life assurance and general annuity business is reduced or increased as follows.
- (7) The part of that amount is—
- (a) reduced by the relevant fraction of the shareholders' excess gains, or
- (b) increased by the relevant fraction of the shareholders' excess losses,
as the case may be.
- (8) But no such reduction or increase is made if, in relation to the fund in question, an election in accordance with Rule 9.10(c) of the Prudential Sourcebook (Insurers) has effect for the period of account.
- (9) For the purposes of this section—
- “*the relevant fraction*”, in relation to a category of business, is the fraction of which—the numerator is the section 83 net amount referable to the category; andthe denominator is the section 83 net amount referable to all categories of business apart from basic life assurance and general annuity business;
- “*the section 83 net amount*” means the net amount (before giving effect to subsections (5) to (7) above) to be taken into account in accordance with section 83(2) of the Finance Act 1989 (that is to say, the aggregate amount to be taken into account as receipts reduced by the aggregate amount to be taken into account as expenses);
- “*shareholders' excess gains*” means the amount by which—the investment gains referable to basic life assurance and general annuity business in accordance with section 432A for the period of account exceedsthose gains that would be so referable if section 432A(6) were amended in accordance with subsection (10) below;
- “*shareholders' excess income*” means the amount by which—the investment income referable to basic life assurance and general annuity business in accordance with section 432A for the period of account exceedsthe amount that would be so referable if section 432A(6) were amended in accordance with subsection (10) below;
- “*shareholders' excess losses*” means the amount by which—the investment losses referable to basic life assurance and general annuity business in accordance with section 432A for the period of account exceedsthe amount that would be so referable if section 432A(6) were amended in accordance with subsection (10) below.
- (10) For the purposes of the definitions of “shareholders' excess gains”, “shareholders' excess income” and “shareholders' excess losses”, the amendments of section 432A(6) mentioned in those definitions are—
- (a) in paragraph (a)(ii) the insertion after “the mean of” of “the appropriate parts of”;
- (b) in paragraph (a)(ii) the insertion after “assets” of—
; and
- (c) in paragraph (b) the substitution for sub-paragraph (ii) of—
- (ii) the numerators that would be given by that paragraph in relation to the other categories of business if this subsection applied in relation to any category of business.
.
- (11) For the purposes of subsection (9)—
- (a) the amount of a company's investment gains is the greater of LG + NTC - NTD and nil where—
- (i) LG is the amount of chargeable gains accruing from disposals of assets of the company's long-term insurance fund in the period of account after deducting the aggregate of allowable losses so accruing in the period of account and any previous period of account to which section 8(1)(b) of the Taxation of Chargeable Gains Act 1992 (company's total profits to include chargeable gains) applies;
- (ii) NTC is the amount of non-trading credits for the period given by paragraph 2(1) of Schedule 11 to the Finance Act 1996 which arise to the company from increases in the fair value of the company's loan relationships or from related transactions; and
- (iii) NTD is the amount of non-trading debits given by that paragraph which arise to the company from decreases in the fair value of the company's loan relationships or from related transactions;
- (b) “*investment income*” means the aggregate of—
- (i) the non-trading credits for the period given by paragraph 2(1) of Schedule 11 to the Finance Act 1996 which do not arise to the company from increases in the fair value of the company's loan relationships or from related transactions;
- (ii) income falling with Schedule A; and
- (iii) income falling within Case V of Schedule D; and
- (c) the amount of a company's investment losses is the greater of LA + NTD - NTC and nil where—
- (i) LA is the amount of the company's allowable losses accruing from disposals of assets of the company's long-term insurance fund in the period of account after deducting chargeable gains so accruing; and
- (ii) NTC and NTD have the same meanings as they have in relation to a company's investment gains.
##### 432C
- (1) To the extent that the amount brought into account as income is attributable to assets linked to pension business, life reinsurance business, basic life assurance and general annuity business or long-term business other than life assurance business, it shall be referable to the category of business concerned.
- (2) To the extent that that amount is attributable to assets of the overseas life assurance fund or land in the United Kingdom linked to overseas life assurance business, it shall be referable to overseas life assurance business.
- (3) There shall be referable to any category of business (apart from overseas life assurance business) the relevant fraction of so much of the amount brought into account as income as is not directly referable to any category of business.
- (4) For the purposes of subsection (3) above “*the relevant fraction*”, in relation to a category of business, is the fraction of which—
- (a) the numerator is the mean of the opening and closing liabilities of the relevant business so far as referable to the category, reduced (but not below nil) by the mean of the opening and closing net values of any assets of the relevant business directly referable to the category; and
- (b) the denominator is the aggregate of—
- (i) the numerator given by paragraph (a) above; and
- (ii) the numerators given by that paragraph in relation to the other categories of business.
- (5) For the purposes of subsections (3) and (4) above—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the part of the amount brought into account as income which is directly referable to a category of business is the part referable to the category by virtue of subsection (1) or (2) above and assets are directly referable to a category of business if such part of the amount brought into account as income as is attributable to them is so referable.
- (6) For the purposes of this section, where a company carries on overseas life assurance business “*liabilities*” does not include liabilities of that business.
##### 432D
- (1) To the extent that the amount brought into account as the increase or decrease in the value of assets or as other income is attributable to assets linked to pension business, life reinsurance business, basic life assurance and general annuity business or long-term business other than life assurance business, or to assets of the overseas life assurance fund which are linked to overseas life assurance business, it shall be referable to the category of business concerned.
- (2) There shall be referable to any category of business the relevant fraction of the amount brought into account as the increase or decrease in the value of assets or as other income except so far as the amount is attributable to assets which are directly referable to any category of business.
- (3) For the purposes of subsection (2) above “the relevant fraction”, in relation to a category of business, is the fraction of which—
- (a) the numerator is the mean of the opening and closing liabilities of the relevant business so far as referable to the category, reduced (but not below nil) by the mean of the opening and closing net values of any assets of the relevant business directly referable to the category; and
- (b) the denominator is the aggregate of—
- (i) the numerator given by paragraph (a) above; and
- (ii) the numerators given by that paragraph in relation to the other categories of business.
- (4) For the purposes of subsections (2) and (3) above, the part of the amount brought into account as the increase or decrease in the value of assets or as other income which is directly referable to a category of business is the part referable to the category by virtue of subsection (1) above and assets are directly referable to a category of business if such part of the amount brought into account as the increase or decrease in the value of assets or as other income as is attributable to them is so referable.
##### 432E
- (1) The part of the net amount to be taken into account in accordance with section 83(2) of the Finance Act 1989 (that is to say, the aggregate amount to be taken into account as receipts reduced by the aggregate amount to be taken into account as expenses) which is referable to a particular category of business shall be the amount determined in accordance with subsections (2) and (2A) below or, if greater, the amount determined in accordance with subsection (3) below but subject to section 432G.
- (2) For the purposes of subsection (1) above there shall be determined the amount which is such as to secure—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) . . . that
$$CS-CAS=(S-AS)×CASAS$where—S is the surplus of the relevant business;AS is so much of that surplus as is allocated to persons entitled to the benefits provided for by the policies or contracts to which the relevant business relates;CAS is so much of the surplus so allocated as is attributable to policies or contracts of the category of business concerned; andCS is so much of the surplus of the relevant business as would remain if the relevant business were confined to business of the category concerned.$
- (2A) In a case where an amount or amounts are taken into account under subsection (2) of section 83 of the Finance Act 1989 by virtue of subsection (2B) of that section or by virtue of section 444ACA(2) of this Act, the amount determined under subsection (2) above is increased by—
$$CASAS×RP$where—CAS and AS have the same meanings as in subsection (2) above; andRP is the amount or the aggregate of the amounts taken into account under subsection (2) of section 83 of the Finance Act 1989 by virtue of any of the following provisions—subsection (2B) of that section;section 444ACA(2) of this Act.$
- (3) For the purposes of subsection (1) above there shall also be determined the aggregate of—
- (a) the applicable percentage of what is left of the mean of the opening and closing liabilities of the relevant business so far as referable to the category of business concerned after deducting from it the mean of the opening and closing values of any assets of the relevant business linked to that category of business, and
- (b) the part of the net amount mentioned in subsection (1) above that is attributable to assets linked to that category of business.
- (4) For the purposes of subsection (3) above “*the applicable percentage*”, in any case, is such percentage as may be determined for that case by or in accordance with an order made by the Treasury.
- (5) Where the part of the net amount referable to a particular category or categories of business (“*the subsection (3) category or categories*”) is the amount determined in accordance with subsection (3) above, the amount determined in accordance with subsection (2) above in relation to any other category (“*the relevant category*”) shall be reduced by—
$$XYZ$where—X is the excess of the amount determined in accordance with subsection (3) above in the case of the subsection (3) category (or each of them) over the amount determined in its case (or the case of each of them) in accordance with subsection (2) above;Y is so much of the surplus of the relevant business as is allocated to persons entitled to the benefits provided for by policies or contracts of the relevant category; andZ is so much of the surplus of the relevant business as is allocated to persons entitled to the benefits provided for by policies or contracts of the category (or each of the categories) which is not a subsection (3) category.$
References in this subsection to the amount determined in accordance with subsection (3) above are to that amount after making any deduction required by section 432F.
- (6) Where the category of business concerned is overseas life assurance business—
- (a) if the part of the income brought into account that is attributable to assets of the overseas life assurance fund not linked to overseas life assurance business is greater than the amount arrived at under subsection (3)(a) above, this section shall have effect as if that part of that income were the amount so arrived at; . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Transfer of reliefs.
##### 434A
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) Where for any accounting period the loss arising to an insurance company from its life assurance business falls to be computed in accordance with the provisions of this Act applicable to Case I of Schedule D—
- (a) the loss resulting from the computation shall be reduced (but not below nil) by the aggregate of—
- (i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (ii) any relevant non-trading deficit for that period on the company’s debtor relationships; and
- (iii) any loss for that period under section 441; and
- (b) if the whole or any part of that loss as so reduced is set off—
- (i) under section 393A, or
- (ii) under section 403(1),
any losses for that period under section 436 or 439B shall be reduced to nil, unless the aggregate of those losses exceeds the total of the amounts set off as mentioned in sub-paragraphs (i) and (ii) above, in which case each of those losses shall be reduced by an amount which bears to that total the proportion which the loss in question bears to that aggregate.
- (2A) The reference in subsection (2)(a)(ii) above to a relevant non-trading deficit for any period on a company’s debtor relationships is a reference to the non-trading deficit on the company’s loan relationships which would be produced by any separate computation made under paragraph 2 of Schedule 11 to the Finance Act 1996 for the company’s basic life assurance and general annuity business if credits and debits given in respect of the company’s creditor relationships (within the meaning of Chapter II of Part IV of that Act) were disregarded.
- (3) In the case of a company carrying on life assurance business, no relief shall be allowable —
- (a) under Chapter II (loss relief) or Chapter IV (group relief) of Part X, or
- (b) in respect of any amount representing a non-trading deficit on the company’s loan relationships that has been computed otherwise than by reference to debits and credits referable to that business,
against the policy holders’ share of the relevant profits for any accounting period.
#### Meaning of “distribution”.
##### 438A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 197F
#### Relief for contributions in respect of share option gains.
##### 440A
- (1) Subsection (2) below applies where the assets of an insurance company include securities of a class all of which would apart from this section be regarded for the purposes of corporation tax on chargeable gains as one holding.
- (2) Where this subsection applies—
- (a) so many of the securities as are identified in the company’s records as securities by reference to the value of which there are to be determined benefits provided for under policies or contracts the effecting of all (or all but an insignificant proportion) of which constitutes the carrying on of—
- (i) pension business, or
- (ii) life reinsurance business, or
- (iii) basic life assurance and general annuity business,
shall be treated for the purposes of corporation tax as a separate holding linked solely to that business,
- (c) so many of the securities as are included in the overseas life assurance fund shall be treated for those purposes as a separate holding which is an asset of that fund,
- (d) so many of the securities as are included in the company’s long-term insurance fund but do not fall within any of the preceding paragraphs shall be treated for those purposes as a separate holding which is an asset of that fund (but not of any of the descriptions mentioned in those paragraphs, and
- (e) any remaining securities shall be treated for those purposes as a separate holding which is not of any of the descriptions mentioned in the preceding paragraphs.
- (3) Subsection (2) above also applies where the assets of an insurance company include securities of a class and apart from this section some of them would be regarded as a 1982 holding, and the rest as a section 104 holding, for the purposes of corporation tax on chargeable gains.
- (4) In a case within subsection (3) above—
- (a) the reference in any paragraph of subsection (2) above to a separate holding shall be construed, where necessary, as a reference to a separate 1982 holding and a separate section 104 holding, and
- (b) the questions whether such a construction is necessary in the case of any paragraph and, if it is, how many securities falling within the paragraph constitute each of the two holdings shall be determined in accordance with paragraph 12 of Schedule 6 to the Finance Act 1990 and the identification rules applying on any subsequent acquisitions and disposals.
- (5) Section 105 of the 1992 Act shall have effect where subsection (2) above applies as if securities regarded as included in different holdings by virtue of that subsection were securities of different kinds.
- (6) In this section—
- “*1982 holding*” has the same meaning as in section 109 of the 1992 Act;
- “*section 104 holding*” has the same meaning as in section 104(3) of that Act; and
- “*securities*” means shares, or securities of a company, and any other assets where they are of a nature to be dealt in without identifying the particular assets disposed or acquired.
- (7) In a case where the profits of a company’s life assurance business are charged to tax in accordance with Case I of Schedule D this section has effect with the modification specified in section 440B(4).
##### 441A
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 444A
- (1) Subject to subsection (7) below, this section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“the transferor”) to another (“the transferee”).
- (2) Any expenses payable which (assuming the transferor had continued to carry on the business transferred after the transfer) would have fallen to be brought into account by the transferor in determining the deduction for expenses payable to be allowed under section 76 in computing profits for an accounting period following the period which ends with the day on which the transfer takes place shall, instead, be brought into account under and in accordance with that section by the transferee as expenses payable by him (and giving effect in the case of acquisition expenses, to section 86(6) to (9) of the Finance Act 1989).
- (3) Any loss which (assuming the transferor had continued to carry on the business transferred after the transfer)—
- (a) would have been available under section 436(3)(c) or 439B(3)(c) to be set off against profits of the transferor for the accounting period following that which ends with the day on which transfer takes place, or
- (b) where the transfer relates to any overseas life assurance business or in connection with the transfer the transferor also transfers the whole or part of any such business, would have been so available under section 441(4)(b),
shall, instead, be treated as a loss of the transferee (and available to be set off against profits of the same category of business as that in which it arose) if the conditions in paragraphs (a) and (b) of section 343(1) are satisfied in relation to the business transferred (construing references to an event as to the transfer).
- (3ZA) Where subsection (3) above has effect, sections 343(4), (5) and (7) to (12) and 344 apply in relation to the business in which the loss arose construing—
- (a) references to the predecessor and the successor as to (respectively) the transferor and the transferee, and
- (b) references to section 343(3) as to subsection (3) of this section,
except that nothing in section 343(8) to (10) and (12) applies in relation to the transferee.
- (3A) Any subsection (2) excess (within the meaning of section 432F(2)) which (assuming the transferor had continued to carry on the business transferred after the transfer) would have been available under section 432F(3) or (4) to reduce a subsection (3) figure (within the meaning of section 432F(1)) of the transferor in an accounting period following that which ends with the day on which transfer takes place—
- (a) shall, instead, be treated as a subsection (2) excess of the transferee, and
- (b) shall be taken into account in the first accounting period of the transferee ending after the date of the transfer (to reduce the subsection (3) figure or, as the case may be, to produce or increase a subsection (2) excess for that period),
in relation to the revenue account of the transferee dealing with or including the business transferred.
- (4) Where acquisition expenses are treated as expenses payable by the transferee by virtue of subsection (2) above, the amount deductible for the first accounting period of the transferee ending after the transfer takes place shall be calculated as if that accounting period began with the day after the transfer.
- (5) Where the transfer is of part only of the transferor’s long-term business, subsection (2), (3) or (3A) above shall apply only to such part of any amount to which it would otherwise apply as is appropriate.
- (6) Any question arising as to the operation of subsection (5) above shall be determined by the Special Commissioners who shall determine the question in the same manner as they determine appeals; but both the transferor and transferee shall be entitled to appear and be heard or to make representations in writing.
- (7) Subject to subsection (8) below, this section shall not apply unless the transfer is effected for bona fide commercial reasons and does not form part of a scheme or arrangements of which the main purpose, or one of the main purposes, is avoidance of liability to corporation tax.
- (8) Subsection (7) above shall not affect the operation of this section in any case where, before the transfer, the Board have, on the application of the transferee, notified the transferee that the Board are satisfied that the transfer will be effected for bona fide commercial reasons and will not form part of any scheme or arrangements such as are mentioned in that subsection; and subsections (2) to (5) of section 138 of the 1992 Act shall have effect in relation to this subsection as they have effect in relation to subsection (1) of that section.
### Classes of life assurance business
##### 431B
- (1) In this Chapter “*pension business*” means so much of a company’s life assurance business as is referable to contracts of the following descriptions or to the reinsurance of liabilities under such contracts.
- (2) The descriptions of contracts are—
- (a) any contract with an individual who is, or would but for an insufficiency of profits or gains be, chargeable to income tax in respect of relevant earnings (as defined in section 623(1) and (2)) from a trade, profession, vocation, office or employment carried on or held by him, being a contract approved by the Board under section 620 or a substituted contract within the meaning of section 622(3);
- (b) any contract (including a contract of insurance) entered into for the purposes of, and made with the persons having the management of, an exempt approved scheme as defined in Chapter I of Part XIV, being a contract so framed that the liabilities undertaken by the insurance company under the contract correspond with liabilities against which the contract is intended to secure the scheme;
- (c) any contract made under approved personal pension arrangements within the meaning of Chapter IV of Part XIV;
- (d) any annuity contract entered into for the purposes of—
- (i) a scheme which is approved or is being considered for approval under Chapter I of Part XIV;
- (ii) a scheme which is a relevant statutory scheme for the purposes of Chapter I of Part XIV; or
- (iii) a fund to which section 608 applies,
being a contract which is made with the persons having the management of the scheme or fund, or those persons and a member of or contributor to the scheme or fund, and by means of which relevant benefits (see subsections (3) and (4) below), and no other benefits, are secured;
- (e) any annuity contract which is entered into in substitution for a contract within paragraph (d) above or this paragraph and by means of which relevant benefits (see subsections (3) and (4) below), and no other benefits, are secured;
- (ea) any contract which is entered into, for purposes connected with giving effect to any pension sharing order or provision made in relation to a contract falling within paragraph (d) or (e) above or this paragraph and by means of which relevant benefits (see subsections (3) and (4) below), and no other benefits, are secured;
- (f) any contract with the trustees or other persons having the management of a scheme approved under section 620 or, subject to subsection (5) below, of a superannuation fund which was approved under section 208 of the 1970 Act, being a contract which—
- (i) was entered into for the purposes only of that scheme or fund or, in the case of a fund part only of which was approved under section 208, for the purposes only of that part of that fund, and
- (ii) (in the case of a contract entered into or varied after 1st August 1956) is so framed that the liabilities undertaken by the insurance company under the contract correspond with liabilities against which the contract is intended to secure the scheme or fund (or the relevant part of the fund).
- (2A) For the purposes of subsection (2)(d) above the members of and contributors to a scheme or fund shall be deemed to include any person who by virtue of any pension sharing order or provision (within the meaning of Part XIV) has become entitled to any credit as against the persons having the management of the scheme or fund.
- (3) For the purposes of subsection (2)(d) to (ea) above “*relevant benefits*” means relevant benefits as defined by section 612(1) which correspond—
- (a) where subsection (2)(d)(i) above applies, or subsection (2)(e) or (ea) above applies and the contract within subsection (2)(d) was entered into for the purposes of a scheme falling within subsection (2)(d)(i), with benefits that could be provided by a scheme approved under Chapter I of Part XIV;
- (b) where subsection (2)(d)(ii) above applies, or subsection (2)(e) or (ea) above applies and the contract within subsection (2)(d) was entered into for the purposes of a scheme falling within subsection (2)(d)(ii), with benefits that could be provided by a scheme which is a relevant statutory scheme for the purposes of Chapter I of Part XIV;
- (c) where subsection (2)(d)(iii) above applies, or subsection (2)(e) or (ea) above applies and the contract within subsection (2)(d) was entered into for the purposes of a fund falling within subsection (2)(d)(iii), with benefits that could be provided by a fund to which section 608 applies.
- (4) For the purposes of subsection (3)(a), (b) or (c) above a hypothetical scheme or fund (rather than any particular scheme or fund), and benefits provided by a scheme or fund directly (rather than by means of an annuity contract), shall be taken.
- (5) Subsection (2)(f) above shall not apply to a contract where the fund in question was approved under section 208 of the 1970 Act unless—
- (a) immediately before 6th April 1980 premiums paid under the contract with the trustees or other persons having the management of the fund fell within section 323(4) of that Act (premiums referable to pension business); and
- (b) the terms on which benefits are payable from the fund have not been altered since that time; and
- (c) section 608 applies to the fund.
- (6) In subsection (5) above “*premium*” includes any consideration for an annuity.
##### 431BA
- (1) In this Chapter “*child trust fund business*” means so much of a company's life assurance business as is referable to child trust fund policies (but not including the reinsurance of such business).
- (2) In this section “*child trust fund policy*” means a policy of life insurance which is an investment under a child trust fund (within the meaning of the Child Trust Funds Act 2004).
##### 431BB
- (1) In this Chapter “*individual savings account business*” means so much of a company's life assurance business as is referable to individual savings account policies (but not including the reinsurance of such business).
- (2) In this section “*individual savings account policy*” means a policy of life insurance which is an investment of a kind specified in regulations made by virtue of section 695(1) of ITTOIA 2005.
##### 431C
- (1) In this Chapter “*life reinsurance business*” means reinsurance of life assurance business other than pension business or business of any description excluded from this section by regulations made by the Board.
- (2) Regulations under subsection (1) above may describe the excluded business by reference to any circumstances appearing to the Board to be relevant.
##### 431D
- (1) In this Chapter “*overseas life assurance business*” means life assurance business, other than pension business , life reinsurance business or business of any description excluded from this section by regulations made by the Board, which—
- (a) in the case of life assurance business other than reinsurance business, is business with a policy holder or annuitant not residing in the United Kingdom, and
- (b) in the case of reinsurance business, is—
- (i) reinsurance of life assurance business with a policy holder or annuitant not residing in the United Kingdom, or
- (ii) reinsurance of business within sub-paragraph (i) above or this sub-paragraph.
- (2) Regulations under subsection (1) above may describe the excluded business by reference to any circumstances appearing to the Board to be relevant.
- (3) The Board may by regulations—
- (a) make provision as to the circumstances in which a trustee who is a policy holder or annuitant residing in the United Kingdom is to be treated for the purposes of this section as not so residing; and
- (b) provide that nothing in Chapter II of Part XIII or Chapter 9 of Part 4 of ITTOIA 2005 shall apply to a policy or contract which constitutes overseas life assurance business by virtue of any such provision as is mentioned in paragraph (a) above.
- (4) Regulations under subsection (1) or (3) above may contain such supplementary, incidental, consequential or transitional provision as appears to the Board to be appropriate.
##### 431E
- (1) The Board may by regulations make provision for giving effect to section 431D.
- (2) Such regulations may, in particular—
- (a) provide that, in such circumstances as may be prescribed, any prescribed issue as to whether business is or is not overseas life assurance business (or overseas life assurance business of a particular kind) shall be determined by reference to such matters (including the giving of certificates or undertakings, the giving or possession of information or the making of declarations) as may be prescribed,
- (b) require companies to obtain certificates, undertakings, information or declarations from policy holders or annuitants, or from trustees or other companies, for the purposes of the regulations,
- (c) make provision for dealing with cases where any issue such as is mentioned in paragraph (a) above is (for any reason) wrongly determined, including provision allowing for the imposition of charges to tax (with or without limits on time) on the insurance company concerned or on the policy holders or annuitants concerned,
- (d) require companies to supply information and make available books, documents and other records for inspection on behalf of the Board, and
- (e) make provision (including provision imposing penalties) for contravention of, or non-compliance with, the regulations.
- (3) The regulations may—
- (a) make different provision for different cases, and
- (b) contain such supplementary, incidental, consequential or transitional provision as appears to the Board to be appropriate.
##### 431EA
In this Chapter “*gross roll-up business*” means business of any of the following kinds—
- (a) pension business;
- (b) child trust fund business;
- (c) individual savings account business;
- (d) life reinsurance business; and
- (e) overseas life assurance business.
##### 431F
In this Chapter “*basic life assurance and general annuity business*” means life assurance business (including reinsurance business) other than pension business, life reinsurance business or overseas life assurance business.
### Separation of different categories of business
##### 431G
- (1) This section applies in relation to an insurance company which carries on life assurance business (whether or not it also carries on insurance business of any other kind).
- (2) Subject as follows, the profits of the life assurance business for any accounting period shall be charged to tax under the I minus E basis.
- (3) Where in the case of an insurance company for an accounting period either—
- (a) all of its life assurance business is reinsurance business and none of that business is of a type excluded from this subsection by regulations made by the Board, or
- (b) all, or substantially all, of its life assurance business is gross roll-up business,
the profits of that business for the accounting period shall be charged to tax in accordance with Case I of Schedule D and not otherwise.
- (4) Where—
- (a) the profits of the life assurance business of an insurance company for any accounting period are charged to tax under the I minus E basis, and
- (b) had those profits been charged to tax in accordance with Case I of Schedule D, a loss would have arisen to the company from that business for the period,
the loss (after being reduced in accordance with section 434A(2)(a)) may be set-off under section 393A or section 403(1).
- (5) The application, in relation to the life assurance business of an insurance company, of any provision of Case I of Schedule D is not to be taken—
- (a) to prevent the application of the I minus E basis in relation to that business of the company for any accounting period, or
- (b) to affect the operation of the I minus E basis in relation to the that business of the company for any accounting period except as specifically provided by the Corporation Tax Acts.
##### 431H
- (1) This section applies in relation to an insurance company which carries on life assurance business and insurance business of any other kind.
- (2) For the purposes of the Corporation Tax Acts—
- (a) the life assurance business, and
- (b) the other insurance business,
are to be treated as separate businesses.
- (3) The profits of the other insurance business shall be charged to tax under Case I of Schedule D as the profits of a separate trade.
- (4) But subsection (3) above does not apply where that business is mutual business.
- (5) As to the profits of the life assurance business, see section 431G.
##### 432YA
- (1) This section applies in the case of—
- (a) a company which is a non-profit company, or
- (b) the non-profit fund of a company which is not a non-profit company,
if an amount (other than nil) is shown in paragraph 4(12) of Appendix 9.4 to the periodical return for the company for the first period of account which ends on or after 31st December 2006.
- (2) In computing profits of long-term business which is not life assurance business in accordance with the provisions applicable to Case I of Schedule D an amount (“*the relevant amount*”) shall be added—
- (a) to the closing long term business provision of the company for the first period of account which ends on or after 31st December 2006, and
- (b) to the opening long term business provision of the company for the next period of account.
- (3) The relevant amount is, subject to subsection (4), the amount by which B exceeds A. Here—
- A is the company's long term business provision in respect of business which is not life assurance business for the first period of account which ends on or after 31st December 2006, calculated after taking into account the company's ability to—make provision for non-attributable expenses by reference to a homogeneous risk group instead of by reference to individual policies or contracts;make provision for the voluntary discontinuance of policies or contracts using a prudent lapse rate assumption; andset negative liabilities against positive liabilities (subject to overall liabilities not being less than nil);in accordance with the Insurance Prudential Sourcebook; and
- B is the company's long term business provision for that period of account in respect of business which is not life assurance business, calculated without taking into account the matters referred to in paragraphs (a) to (c) of the definition of A.
- (4) In a case falling within subsection (1)(b)—
- (a) the relevant amount shall be reduced (but not below nil) by so much (if any) of the amount shown in paragraph 4(12) of Appendix 9.4 to the periodical return as is reflected in column 1 of line 51 of the Form 14 for that period of account relating to the non-profit fund in question; and
- (b) the references in subsection (3) to long term business provision and to liabilities are respectively to long term business provision and to liabilities relating to the non-profit fund in question.
- (5) In this section—
- “*long term business provision*” has the same meaning as in Schedule 9A to the Companies Act 1985;
- “*non-profit company*” has the meaning given in section 83YA(8) of the Finance Act 1989; and
- “*non-profit fund*” has the same meaning as in the Insurance Prudential Sourcebook.
##### 432ZA
- (1) In this Chapter “*linked assets*” means assets of an insurance company which are identified in its records as assets by reference to the value of which benefits provided for under a policy or contract are to be determined and in a case where only part of an asset is so identified, references to a linked asset are references to that part.
- (2) Linked assets shall be taken—
- (a) to be linked to long-term business of a particular category if the policies or contracts providing for the benefits concerned are policies or contracts the effecting of which constitutes the carrying on of business of that category; and
- (b) to be linked solely to long-term business of a particular category if all (or all but an insignificant proportion) of the policies or contracts providing for the benefits concerned are policies or contracts the effecting of which constitutes the carrying on of business of that category.
- (3) Where an asset is linked to more than one category of long-term business, a part of the asset shall be taken to be linked to each category; and references in this Chapter to assets linked (but not solely linked) to any category of business shall be construed accordingly.
- (4) Where subsection (3) above applies, the part of the asset linked to any category of business shall be a proportion determined as follows—
- (a) where in the records of the company values are shown for the asset in funds referable to particular categories of business, the proportion shall be determined by reference to those values;
- (b) in any other case the proportion shall be equal to the proportion A/B where—
A is the total of the linked liabilities of the company which are liabilities of the internal linked fund in which the asset is held and are referable to that category of business;
B is the total of the linked liabilities of the company which are liabilities of that fund.
- (5) For the purposes of sections 432A to 432F—
- (a) income arising in any period from assets linked but not solely linked to a category of business,
- (b) gains arising in any period from the disposal of such assets, and
- (c) increases and decreases in the value of such assets,
shall be treated as arising to that category of business in the proportion which is the mean of the proportions determined under subsection (4) above at the beginning and end of the period.
- (6) In this section—
- “*internal linked fund*”, in relation to an insurance company, means an account—to which linked assets are appropriated by the company; andwhich may be divided into units the value of which is determined by the company by reference to the value of those assets;
- “*linked liabilities*” means liabilities in respect of benefits to be determined by reference to the value of linked assets.
- (7) In the case of a policy or contract the effecting of which constitutes a class of life assurance business the fact that it also constitutes long-term business other than life assurance business shall be disregarded for the purposes of this section unless the benefits to be provided which constitute long-term business other than life assurance business are to be determined by reference to the value of assets.
##### 432AA
- (1) An insurance company is treated as carrying on separate Schedule A businesses, or overseas property businesses, in accordance with the following rules.
- (2) The exploitation of land held as an asset of the company’s long-term insurance fund is treated as a separate business from the exploitation of land not so held.
- (3) The exploitation of land held as an asset of the company’s overseas life assurance fund is treated as a separate business from the exploitation of other land held as an asset of its long-term insurance fund.
- (4) The exploitation of land held as an asset linked to any of the following categories of business is regarded as a separate business—
- (a) pension business;
- (b) life reinsurance business;
- (c) basic life assurance and general annuity business;
- (d) long-term business other than life assurance business.
- (5) Accordingly, the exploitation of land held as an asset of the company’s long-term insurance fund otherwise than as mentioned in subsection (3) or (4) is treated as a separate business from any other.
- (6) In this section “*land*” means any estate, interest or rights in or over land.
##### 432AB
- (1) This section applies to any loss arising in a Schedule A business or overseas property business.
- (2) A loss arising from any category of business mentioned in section 432A(2) shall be apportioned under that section in the same way as income.
- (3) So far as a loss is referable to basic life assurance and general annuity business, it shall be treated for the purposes of section 76 as expenses payable which fall to be brought into account at Step 3 in subsection (7) of that section.
- (4) Where a company is treated under section 432AA as carrying on—
- (a) more than one Schedule A business, or
- (b) more than one overseas property business,
then, in relation to either kind of business, the reference in subsection (3) above to a loss referable to basic life assurance and general annuity business shall be construed as a reference to any aggregate net loss after setting the losses from those businesses which are so referable against any profits from those businesses that are so referable.
- (5) The provisions of section 392A or 392B (loss relief) do not apply to a loss referable to life assurance business or any category of life assurance business.
- (6) Where a company is treated under section 432AA as carrying on—
- (a) more than one Schedule A business, or
- (b) more than one overseas property business,
and, in relation to either kind of business, there are losses and profits referable to business which is not life assurance business, those losses shall be set against those profits before being used under section 392A or 392B.
##### 432CA
- (1) This section applies where—
- (a) an insurance company is not a non-profit company in relation to a period of account (“the current period of account”),
- (b) in the case of any business with which an account of the company for the current period of account is concerned (“the relevant business”), an amount is a relevant brought into account amount for that period of account (see subsection (2)),
- (c) section 432C applies for determining the extent to which the relevant brought into account amount is referable to life assurance business or to gross roll-up business, and
- (d) the line 51 reduction condition is met (see subsection (3)).
- (2) An amount is a relevant brought into account amount for a period of account if—
- (a) it is brought into account as mentioned in subsection (2)(b) of section 83 of the Finance Act 1989 (increases in value of non-linked assets) for that period,
- (b) it is deemed to be brought into account for that period by subsection (2B) of that section in consequence of the transfer of non-linked assets, or
- (c) it is taken into account under subsection (2) of that section for that period by virtue of section 444AB as being the relevant amount in relation to non-linked assets.
- (3) The line 51 reduction condition is met if—
- (a) the amount shown in column 1 of line 51 of Form 14 of the company's periodical return in respect of the relevant business for the current period of account, is less than
- (b) the amount so shown for the period of account immediately before it;
and the amount of the difference is “the relevant reduction”.
- (4) Section 432C applies in relation to so much of the relevant brought into account amount as does not exceed the relevant reduction (“the affected amount”) as if it were brought into account as an increase in the value of assets in the case of the relevant business for the applicable appropriate period of account of the company.
- (5) A period of account is an “appropriate period of account” if it ended before the current period of account and—
- (a) the amount shown in column 1 of line 51 of Form 14 of the company's periodical return in respect of the relevant business for it, was more than
- (b) the amount so shown for the period of account immediately before it;
and the amount of the difference is “the relevant increase.”
- (6) The “applicable” appropriate period of account is the one which ended most recently (“the most recent appropriate period of account”).
- (7) But if the relevant increase in the case of the most recent appropriate period of account is less than the affected amount, the most recent appropriate period of account is the applicable appropriate period of account in relation to only so much of the affected amount as does not exceed that relevant increase.
- (8) In that case, the appropriate period of account which ended most recently before the most recent appropriate period of account is the applicable appropriate period of account in relation to so much of the remainder as does not exceed the relevant increase in the case of that appropriate period of account (and, where necessary, so on until the applicable appropriate period of account is established in relation to all of the affected amount or there are no more appropriate periods of account).
- (9) If the current period of account is not the first in relation to which this section has applied in the case of the business concerned, the amount of the relevant increase in the case of any appropriate period of account (“*the period in question*”) is to be treated as reduced by the relevant aggregate.
- (10) The “relevant aggregate” is the aggregate of so much of the affected amount for any period or periods of account earlier than the current period of account as was an amount to which section 432C applied as if it were brought into account as mentioned in subsection (4) for the period in question.
- (11) For the purposes of this section an insurance company which has elected under section 83YA(9) of the Finance Act 1989 (changes in value of assets brought into account: non-profit companies) to be treated as a non-profit company in relation to a period of account is to be regarded as a non-profit company in relation to the period of account.
##### 432CB
- (1) This section applies where, under an insurance business transfer scheme, there is a transfer of long-term business—
- (a) from a non-profit fund of an insurance company (“*the transferor*”) which is not a non-profit company in relation to the relevant period of account,
- (b) to another insurance company (“*the transferee*”) to constitute or form part of a non-profit fund of the transferee (“*the transferee's non-profit fund*”),
(“*the transfer*”) and conditions A and B are met.
- (2) Condition A is that the fair value of the assets transferred by the transfer exceeds by an amount (“the chargeable excess”) the amount of the relevant liabilities transferred by the transfer.
For this purpose “relevant” liabilities are liabilities of a type shown (or treated as shown) in any of lines 14, 17, 21 to 23 and 31 to 38 of Form 14 of a periodical return of an insurance company.
- (3) Condition B is that the main purpose, or one of the main purposes, of the transferor or the transferee (or both) in entering into any part of the transfer scheme arrangements is to secure a reduction in tax as a result of section 432C having effect in the case of the transferee, rather than the transferor, in relation to the business transferred by the transfer.
- (4) The chargeable excess is to be brought into account by the transferor as mentioned in section 83(2)(b) of the Finance Act 1989 for the relevant period of account.
- (5) Where there is no amount shown in relation to the transferee's non-profit fund in column 1 of line 51 of Form 14 of the periodical return of the transferee for the first period of account of the transferee ending on or after the transfer date (“the first post-transfer period of account”), the chargeable excess is to be brought into account by the transferee as mentioned in section 83(2) of the Finance Act 1989 as a decrease in the value of non-linked assets for the first post-transfer period of account.
- (6) Where—
- (a) there is an amount shown in relation to the transferee's non-profit fund in column 1 of line 51 of Form 14 of the periodical return of the transferee for the first post-transfer period of account, and
- (b) the amount so shown in column 1 of line 51 of Form 14 of the periodical return of the transferee for that period of account, or for any other period of account of the transferee ending after the transfer date, (an “affected period of account”) is less than the total chargeable excess amount,
the relevant amount is to be brought into account by the transferee as mentioned in section 83(2) of the Finance Act 1989 as a decrease in the value of non-linked assets for the affected period of account.
- (7) For this purpose “the relevant amount” is the amount by which—
- (a) the amount shown in relation to the transferee's non-profit fund in column 1 of line 51 of Form 14 of the periodical return of the transferee for the affected period of account, is less than
- (b) the total chargeable excess amount less any amount brought into account by the transferee as mentioned in section 83(2) of the Finance Act 1989 as a decrease in the value of non-linked assets for any earlier period of account by virtue of the operation of this section in relation to the transferee's non-profit fund.
- (8) In subsections (6) and (7) “*the total chargeable excess amount*” means the aggregate of—
- (a) the chargeable excess, and
- (b) any amount which is the chargeable excess in relation to any other transfer of business to the transferee's non-profit fund.
- (9) In this section “*the relevant period of account*” means—
- (a) the period of account of the transferor ending immediately before the transfer date, or
- (b) if no period of account of the transferor so ends, the period of account of the transferor covering the transfer date.
- (10) In this section “*the transfer scheme arrangements*” means the insurance business transfer scheme and any relevant associated operations; and for this purpose “*relevant associated operations*” means—
- (a) any other insurance business transfer scheme,
- (b) any contract of reinsurance, or
- (c) any reconstruction or amalgamation involving the transferor, a dependant of the transferor which is an insurance undertaking or the transferee,
which is effected in connection with the insurance business transfer scheme.
- (11) In subsection (10)—
- “dependant”, and
- “insurance undertaking”,
have the same meaning as in the Insurance Prudential Sourcebook.
- (12) In this section “*the transfer date*” means the date on which the insurance business transfer scheme takes effect.
- (13) For the purposes of this section an insurance company which has elected under section 83YA(9) of the Finance Act 1989 (changes in value of assets brought into account: non-profit companies) to be treated as a non-profit company in relation to a period of account is to be regarded as a non-profit company in relation to the period of account.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 432F
- (1) The provisions of this section provide for the reduction of the amount determined in accordance with section 432E(3) (“the subsection (3) figure”) for an accounting period in which that amount exceeds, or would otherwise exceed, the amount determined in accordance with section 432E(2) (“the subsection (2) figure”).
- (2) For each category of business in relation to which section 432E falls to be applied there shall be determined for each accounting period the amount (if any) by which the subsection (2) figure, after making any reduction required by section 432E(5), exceeds the subsection (3) figure (“the subsection (2) excess”).
- (3) Where there is a subsection (2) excess, the amount shall be carried forward and if in any subsequent accounting period the subsection (3) figure exceeds, or would otherwise exceed, the subsection (2) figure, it shall be reduced by the amount or cumulative amount of subsection (2) excesses so far as not previously used under this subsection.
- (4) Where in an accounting period that amount is greater than is required to bring the subsection (3) figure down to the subsection (2) figure, the balance shall be carried forward and aggregated with any subsequent subsection (2) excess for use in subsequent accounting periods.
##### 432G
- (1) This section applies where an amount falls within section 83(2)(e) of the Finance Act 1989.
- (2) Where—
- (a) this section applies, and
- (b) it is necessary in accordance with section 83 to determine what part of a business transfer-in is referable to life assurance business or any category of life assurance business,
a business transfer-in shall be apportioned to the categories of business of the transferee in the proportions which the amount of the liabilities transferred for each of those categories bear to the whole of the liabilities transferred.
### Miscellaneous provisions relating to life assurance business
##### 434AZA
- (1) Where this section applies in the case of a company carrying on life assurance business, relief allowable under section 393A or Chapter 4 of Part 10 in respect of losses incurred by the company in the life assurance business in an accounting period is reduced in accordance with section 434AZB.
- (2) This section applies in the case of a company where—
- (a) there has been a relevant addition to one or more non-profit funds in a period of account ending no later than the accounting period (“the relevant period of account”) (see subsection (3)),
- (b) the company is not a non-profit company in relation to the relevant period of account and has not elected under subsection (9) of section 83YA of the Finance Act 1989 to be treated for the purposes of that section as if it were, and
- (c) condition A or B is met,
and, if the relevant period of account is not the period of account ending with the accounting period (“the current period of account”), condition C is also met.
- (3) For the purposes of subsection (2), there is a relevant addition to a non-profit fund in the relevant period of account if an amount is shown as a transfer from non-technical account in line 32 of the Form 58 of the non-profit fund in the periodical return for that period of account.
- (4) Condition A is that there is a relevant book value election in relation to assets of a non-profit fund of the company.
- (5) For the purposes of subsection (4), there is a relevant book value election in relation to assets of a non-profit fund if an amount is shown in relation to the non-profit fund as the excess of the value of net admissible assets in line 51 of the Form 14 of the non-profit fund in the periodical return for the current period of account.
- (6) Condition B is that the company is party to arrangements the main purpose, or one of the main purposes, of which is to reduce the relevant admissible value of assets of a non-profit fund of the company, other than any structural assets.
- (7) For the purposes of subsection (6) (and section 434AZB), the “*relevant admissible value*” means the value reflected in line 89 of Form 13 of the periodical return for the current period of account.
- (8) Condition C is that the surplus arising since the last valuation shown in line 34 of the Form 58 of the non-profit fund, or any of the non-profit funds, in relation to which condition A or B is met in the periodical return for the current period of account is a negative amount.
#### U.K. company distributions not generally chargeable to corporation tax.
##### 434AZB
- (1) The amount of the relief allowable as mentioned in section 434AZA(1) is reduced by whichever of the following is the least—
- (a) the amount of the loss,
- (b) the amount specified in subsection (2), and
- (c) the amount specified in subsection (4).
- (2) The amount mentioned in subsection (1)(b) is—
- (a) where only condition A in section 434AZA is met, the relevant amount relating to the non-profit fund in relation to which it is met or (where it is met in relation to more than one non-profit fund) the sum of the relevant amounts relating to them,
- (b) where only condition B is met, the amount of the relevant reduction relating to the non-profit fund in relation to which it is met or (where it is met in relation to more than one non-profit fund) the sum of the relevant reductions relating to them, and
- (c) where both condition A and condition B are met, the aggregate of the amounts in paragraphs (a) and (b).
- (3) In subsection (2)—
- (a) “*relevant amount*”, in relation to a non-profit fund, means the amount shown in relation to the non-profit fund as the excess of the value of net admissible assets in line 51 of the Form 14 of the non-profit fund in the periodical return for the current period of account (as reduced by any amount which has had effect to reduce relief for losses for a previous accounting period), and
- (b) “*relevant reduction*”, in relation to a non-profit fund, means the reduction of the relevant admissible value of assets of the non-profit fund (other than structural assets) which is attributable to the arrangements (as so reduced).
- (4) The amount mentioned in subsection (1)(c) is—
- (a) if the relevant period of account is the current period of account, the amount referred to in section 434AZA(3) in the case of the non-profit fund, or of each of the non-profit funds, to which there has been a relevant addition in the relevant period of account, and
- (b) otherwise, so much of the amount shown in line 31 of the Form 58 of the non-profit fund or non-profit funds in the periodical return for the current period of account as is attributable to the amount so referred to.
##### 434AZC
- (1) For the purposes of sections 434AZA and 434AZB, a non-profit fund required to support a with-profits fund is to be treated as not being a non-profit fund.
- (2) Sections 434AZA and 434AZB apply to a non-profit part of a with-profits fund as if references to something shown in the Form 14 or Form 58 of the non-profit fund in a periodical return were to what would be so shown if there were a Form 14 or Form 58 of the non-profit part of the with-profits fund in the periodical return.
- (3) In sections 434AZA and 434AZB—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable), and
- “*structural assets*” has the same meaning as in section 83XA of the Finance Act 1989 (see subsection (3) of that section and any regulations made under it).
##### 434B
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 434C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Sporting and recreational facilities
##### 197G
##### 434D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 198A
##### 434E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200ZA
##### 436A
- (1) Profits arising to an insurance company from gross roll-up business—
- (a) are to be treated as income within Schedule D, and
- (b) are chargeable under Case VI of that Schedule.
- (2) For that purpose—
- (a) the gross roll-up business is to be treated separately, and
- (b) the profits from it are to be computed in accordance with the provisions of this Act applicable to Case I of Schedule D.
- (3) In making that computation, sections 82 and 82B to 83AB 83ZA of the Finance Act 1989 apply with the necessary modifications.
- (4) If in any accounting period an insurance company incurs a loss, to be computed on the same basis as the profits, arising from its gross roll-up business—
- (a) the loss must be set off against the amount of any profits chargeable under this section for any subsequent accounting period, and
- (b) accordingly, the amount of the company's profits so charged in any such accounting period is to be treated as reduced by the amount of the loss or so much of that amount as cannot be relieved under this section against profits of an earlier accounting period.
- (5) Section 396 does not apply to a loss incurred by an insurance company on its gross roll-up business.
- (6) No loss to which section 396 applies may be set off under subsection (4) above against the amount of any profits chargeable under this section.
- (7) This section does not apply in relation to an insurance company for an accounting period if the profits of its long-term business for the accounting period are charged to tax under Case I of Schedule D.
##### 436B
- (1) Gains referable to gross roll-up business are not chargeable gains.
- (2) For the purposes of this section “*gains referable to gross roll-up business*” means gains which—
- (a) accrue to an insurance company on the disposal by it of assets of its long-term insurance fund, and
- (b) are referable (in accordance with section 432A) to gross roll-up business.
##### 437A
- (1) For the purposes of section 437 an annuity is a steep-reduction annuity if—
- (a) the amount of any payment in respect of the annuity (but not the term of the annuity) depends on any contingency other than the duration of a human life or lives;
- (b) the annuitant is entitled in respect of the annuity to payments of different amounts at different times; and
- (c) those payments include a payment (“*a reduced payment*”) of an amount which is substantially smaller than the amount of at least one of the earlier payments in respect of that annuity to which the annuitant is entitled.
- (2) Where there are different intervals between payments to which an annuitant is entitled in respect of any annuity, the question whether or not the conditions in subsection (1)(b) and (c) above are satisfied in the case of that annuity shall be determined by assuming—
- (a) that the annuitant’s entitlement, after the first payment, to payments in respect of that annuity is an entitlement to payments at yearly intervals on the anniversary of the first payment; and
- (b) that the amount to which the annuitant is assumed to be entitled on each such anniversary is equal to the annuitant’s assumed entitlement for the year ending with that anniversary.
- (3) For the purposes of subsection (2) above an annuitant’s assumed entitlement for any year shall be determined as follows—
- (a) the annuitant’s entitlement to each payment in respect of the annuity shall be taken to accrue at a constant rate during the interval between the previous payment and that payment; and
- (b) his assumed entitlement for any year shall be taken to be equal to the aggregate of the amounts which, in accordance with paragraph (a) above, are treated as accruing in that year.
- (4) In the case of an annuity to which subsection (2) above applies, the reference in section 437(1CB)(a) to the making of a reduced payment shall be construed as if it were a reference to the making of a payment in respect of that annuity which (applying subsection (3)(a) above) is taken to accrue at a rate that is substantially less than the rate at which at least one of the earlier payments in respect of that annuity is taken to accrue.
- (5) Where—
- (a) any question arises for the purposes of this section whether the amount of any payment in respect of any annuity—
- (i) is substantially smaller than the amount of, or
- (ii) accrues at a rate substantially less than,
an earlier payment in respect of that annuity, and
- (b) the annuitant or, as the case may be, every annuitant is an individual who is beneficially entitled to all the rights conferred on him as such an annuitant,
that question shall be determined without regard to so much of the difference between the amounts or rates as is referable to a reduction falling to be made as a result of the occurrence of a death.
- (6) Where the amount of any one or more of the payments to which an annuitant is entitled in respect of an annuity depends on any contingency, his entitlement to payments in respect of that annuity shall be determined for the purposes of section 437(1CA) to (1CC) and this section according to whatever (applying any relevant actuarial principles) is the most likely outcome in relation to that contingency.
- (7) Where any agreement or arrangement has effect for varying the rights of an annuitant in relation to a payment in respect of any annuity, that payment shall be taken, for the purposes of section 437(1CA) to (1CC) and this section, to be a payment of the amount to which the annuitant is entitled in accordance with that agreement or arrangement.
- (8) References in this section to a contingency include references to a contingency that consists wholly or partly in the exercise by any person of any option.
##### 438B
- (1) Where an asset held by an insurance company as an asset of its long-term insurance fund is held by the company as a member of a property investment LLP, the policy holders’ share of any income arising from, or chargeable gains accruing on the disposal of, the asset which—
- (a) is attributable to the company, and
- (b) would otherwise be referable by virtue of section 432A to pension business,
shall be treated for the purposes of the Corporation Tax Acts as referable to basic life assurance and general annuity business.
- (2) For the purposes of this section the property business of the insurance company for the purposes of which the asset is held shall be treated as a separate business.
- (3) Where (apart from this subsection) an insurance company would not be carrying on basic life assurance and general annuity business, it shall be treated as carrying on such business if any income or chargeable gains of the company are treated as referable to the business by virtue of subsection (1) above.
- (4) A company may be charged to tax by virtue of this section—
- (a) notwithstanding section 439A, and
- (b) whether or not the income or chargeable gains to which subsection (1) above applies is taken into account in computing the profits of the company for the purposes of any charge to tax in accordance with Case I of Schedule D.
- (5) The policy holders’ share of income or chargeable gains to which subsection (1) above applies—
- (a) shall not be treated as relevant profits for the purposes of section 88 of the Finance Act 1989 (corporation tax on policy holders’ fraction of profits), . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
but the whole of the income or gains to which that subsection applies shall be chargeable to tax at the rate provided by that section.
- (6) So far as income is brought into account as mentioned in section 83(2) of the Finance Act 1989, sections 432B to 432F (apportionment of receipts brought into account) have effect as if subsection (1) above did not apply.
##### 438C
- (1) For the purposes of section 438B the policy holders’ share of any income or chargeable gains to which subsection (1) of that section applies is what remains after deducting the shareholders’ share.
- (2) The shareholders’ share is found by applying to the whole the fraction—
$$AB$where—A is the amount of the profits of the company for the period which are chargeable to tax under section 436; andB is an amount equal to the excess of—(a) the amount taken into account as receipts of the company in computing those profits (apart from premiums and sums received by virtue of a claim under a reinsurance contract), over(b) the amounts taken into account as expenses in computing those profits.$
- (3) Where there is no such excess as is mentioned in subsection (2) above, or where the profits are greater than any excess, the whole of the income or gains is treated as the shareholders’ share.
- (4) Subject to that, where there are no profits none of the income or gains is treated as the shareholders’ share.
##### 439A
If a company does not carry on life assurance business other than reinsurance business, and none of that business is of a type excluded from this section by regulations made by the Board, the profits of that business shall be charged to tax in accordance with Case I of Schedule D and not otherwise.
##### 439B
- (1) Where a company carries on life reinsurance business and the profits arising from that business are not charged to tax in accordance with the provisions applicable to Case I of Schedule D, then, subject as follows, those profits shall be treated as income within Schedule D and be chargeable to tax under Case VI of that Schedule, and for that purpose—
- (a) that business shall be treated separately, and
- (b) subject to paragraph (a) above, the profits from it shall be computed in accordance with the provisions of this Act applicable to Case I of Schedule D.
- (2) Subsection (1) above does not apply to so much of reinsurance business of any description excluded from that subsection by regulations made by the Board.
- (3) In making the computation referred to in subsection (1) above—
- (a) sections 82 and 82B to 83AB of the Finance Act 1989 shall apply with the necessary modifications . . . , and
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) there may be set off against the profits any loss, to be computed on the same basis as the profits, which has arisen from life reinsurance business in any previous accounting period beginning on or after 1st January 1995.
- (4) Section 396 shall not be taken to apply to a loss incurred by a company on life reinsurance business.
- (5) Nothing in section 128 or 399(1) shall affect the operation of this section.
- (6) Gains accruing to a company which are referable (in accordance with section 432A) to its life reinsurance business shall not be chargeable gains.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 440B
- (1) The following provisions apply where the profits of a company’s life assurance business are charged to tax in accordance with Case I of Schedule D.
- (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Section 440(1) and (2) apply as if the only categories set out in subsection (4) of that section were—
- (a) assets of the long-term insurance fund, and
- (b) other assets.
- (4) Section 440A applies as if for paragraphs (a) to (e) of subsection (2) there were substituted—
- (”) so many of the securities as are identified in the company’s records as securities by reference to the value of which there are to be determined benefits provided for under policies or contracts the effecting of all (or all but an insignificant proportion) of which constitutes the carrying on of long-term business, shall be treated for the purposes of corporation tax as a separate holding linked solely to that business, and
- (b) any remaining securities shall be treated for those purposes as a separate holding which is not of the description mentioned in the preceding paragraph.”.
- (5) Section 212(1) of the 1992 Act does not apply, but without prejudice to the bringing into account of any amounts deferred under section 213(1) or 214A(2) of that Act from any accounting period beginning before 1st January 1995.
##### 440C
- (1) Subsection (2) makes provision for a case where—
- (a) subsection (4) of section 431G applies in relation to the profits of the life assurance business of an insurance company for any accounting period, but
- (b) the profits of that business for a succeeding accounting period fall to be charged to tax in accordance with Case I of Schedule D by virtue of subsection (3) of that section.
- (2) The loss referred to in section 431G(4)(b) (less any loss for the same accounting period set off under section 436A for any intervening accounting period and any amount deducted for any such period in respect of the loss by virtue of section 85A(3)(b) of the Finance Act 1989) may be set off under section 393 against profits of that succeeding accounting period (without being reduced in accordance with section 434A(2)(a)).
- (3) In determining whether any loss has been set off under section 436A for any intervening accounting period, or whether any amount has been deducted for any such period in respect of the loss by virtue of section 85A(3)(b) of the Finance Act 1989, losses of earlier accounting periods are to be assumed to be set off before those of later accounting periods.
- (4) Subsection (5) makes provision for a case where—
- (a) a loss arises to an insurance company for an accounting period for which the profits of its life assurance business fall to be charged to tax in accordance with Case I of Schedule D by virtue of section 431G(3)(b),
- (b) the profits of that business for a subsequent accounting period are charged to tax under the I minus E basis, and
- (c) had those profits (instead) been charged to tax in accordance with Case I of Schedule D, any of that loss would have been available to be set off against them under section 393.
- (5) The loss is to be treated for the purposes of the operation of section 436A in relation to the subsequent accounting period as if it were a loss arising from its gross roll-up business in the accounting period in which it arose.
- (6) Subsections (7) and (8) make provision for a case where—
- (a) the profits of the life assurance business of an insurance company for an accounting period are charged to tax under the I minus E basis,
- (b) the profits of that business for its next accounting period fall to be charged to tax in accordance with Case I of Schedule D by virtue of section 431G(3), and
- (c) that prevents the giving of relief in accordance with section 86(8) of the Finance Act 1989 (acquisition expenses relieved in fractions under section 76).
- (7) Any relief which would have been so given in—
- (a) the next accounting period, or
- (b) any subsequent accounting period for which the profits of the company's life assurance business continue to be charged to tax in accordance with Case I of Schedule D,
may be given by set-off against any gains treated as accruing under section 213(1) of the 1992 Act at the end of the accounting period.
- (8) But if the profits of the company's life assurance business for a subsequent accounting period are charged to tax under the I minus E basis, any relief not previously given under subsection (7) is to be treated for the purposes of the operation of section 76 in relation to the first subsequent accounting period for which profits are so charged as if it were an amount which is to be relieved under that section by virtue of section 86(8) and (9) of the Finance Act 1989.
#### Application of lower rate to company distributions.
##### 440D
Schedule 19ABA (which makes modifications of this Act in relation to BLAGAB group reinsurers) shall have effect.
##### 441B
- (1) This section applies to land in the United Kingdom which—
- (a) is held by a company as an asset linked to the company’s overseas life assurance business, or
- (b) is held by a company which is charged to tax under Case I of Schedule D in respect of its life assurance business as an asset by reference to the value of which benefits under any policy or contract are to be determined, where the policy or contract (or, in the case of a reinsurance contract, the underlying policy or contract) is held by a person not residing in the United Kingdom.
- (2) Income arising from land to which this section applies shall be treated for the purposes of this Chapter as referable to basic life assurance and general annuity business.
- (2A) For the purposes of subsection (2) above a Schedule A business for the exploitation of any land to which this section applies shall be treated as a separate business from any other such business.
- (3) Where (apart from this subsection) an insurance company would not be carrying on basic life assurance and general annuity business it shall be treated as carrying on such business if any income of the company is treated as referable to such business by subsection (2) above.
- (4) A company may be charged to tax by virtue of this section—
- (a) notwithstanding section 439A, and
- (b) whether or not the income to which subsection (2) above relates is taken into account in computing the profits of the company for the purposes of any charge to tax in accordance with Case I of Schedule D.
- (5) In this section “*land*” has the same meaning as in Schedule 19AA.
##### 442A
- (1) Where an insurance company reinsures any risk in respect of a policy or contract attributable to its basic life assurance and general annuity business, the investment return on the policy or contract shall be treated as accruing to the company while the risk remains reinsured by the company under the reinsurance arrangement and shall be charged to tax under Case VI of Schedule D.
- (2) The Board may make provision by regulations as to the amount of investment return to be treated as accruing in each accounting period during which the reinsurance arrangement is in force.
- (3) The regulations may, in particular, provide that the investment return to be treated as accruing to the company in respect of a policy or contract in any accounting period shall be calculated by reference to—
- (a) the aggregate of the sums paid by the company to the reinsurer during that accounting period and any earlier accounting periods by way of premium or otherwise;
- (b) the aggregate of the sums paid by the reinsurer to the company during that accounting period and any earlier accounting periods by way of commission or otherwise;
- (c) the aggregate amount of the net investment return treated as accruing to the company in any earlier accounting periods, that is to say, net of tax at such rate as may be prescribed; and
- (d) such percentage rate of return as may be prescribed.
- (3A) Where a transfer of the reinsurance arrangement from one insurance company (“*the transferor*”) to another (“*the transferee*”) is effected by novation or an insurance business transfer scheme, for the purpose of calculating the investment return to be treated as accruing to the transferee in respect of the policy or contract after the transfer, the references to the company in subsection (3)(a), (b) and (c) above include (as well as the transferee)—
- (a) the transferor, and
- (b) any insurance company from which the reinsurance arrangement was transferred on an earlier transfer effected by novation or an insurance business transfer scheme.
- (4) The regulations shall provide that the amount of investment return to be treated as accruing . . . in respect of a policy or contract in the final accounting period during which the policy or contract is in force is the amount, ascertained in accordance with regulations, by which the profit over the whole period during which the policy or contract, and the reinsurance arrangement, were in force exceeds the aggregate of the amounts treated as accruing in earlier accounting periods.
- (5) Regulations under this section—
- (a) may exclude from the operation of this section such descriptions of insurance company, such descriptions of policies or contracts and such descriptions of reinsurance arrangements as may be prescribed;
- (b) may make such supplementary provision as to the ascertainment of the investment return to be treated as accruing to the company as appears to the Board to be appropriate, including provision requiring payments made during an accounting period to be treated as made on such date or dates as may be prescribed; and
- (c) may make different provision for different cases or descriptions of case.
- (6) In this section “*prescribed*” means prescribed by regulations under this section.
##### 444AZA
- (1) This section applies where—
- (a) an insurance business transfer scheme has effect to transfer life assurance business from one person (“*the transferor*”) to another (“*the transferee*”),
- (b) assuming the transferor had continued to carry on the business transferred after the transfer, the amount of any profits would have been charged to tax in respect of that business under the I minus E basis,
- (c) the profits in respect of the business transferred for the first period of account of the transferee ending after the date on which the transfer takes effect are charged to tax in accordance with Case I of Schedule D by virtue of section 431G(3), and
- (d) the conditions in paragraphs (a) and (b) of section 343(1) are satisfied in relation to the business transferred (construing references to an event as to a transfer).
- (2) Any loss which (assuming the transferor had continued to carry on the business transferred after the transfer) would have been available to be set off against profits chargeable under section 436A (a “Case VI loss”) shall instead be treated as a loss of the transferee (a “Case I loss”) available to be set off against GRBP in relation to a period of account.
- (3) For the purposes of subsection (2) above “*GRBP*”, in relation to a period of account, is—
$P×GRBTLTL$
where—
- *P* is the amount of such profits of the transferee's life assurance business for the period of account as relate to the business transferred (that amount being determined in accordance with section 343(9) and (10), where applicable),
- *GRBTL* is the mean of the opening and closing liabilities of the transferred gross roll-up business for the period of account, and
- *TL* is the mean of the opening and closing liabilities of the transferred life assurance business for the period of account.
- (4) Where the transfer is of part only of the transferor's long-term business, subsection (2) above shall apply only to such part of any Case VI loss to which it would otherwise apply as is appropriate.
- (5) Any question arising as to the operation of subsection (4) above shall be determined by the Special Commissioners who shall determine the question in the same manner as they determine appeals; but both the transferor and the transferee shall be entitled to appear and be heard or to make representations in writing.
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
##### 444AZB
- (1) This section applies where—
- (a) an insurance business transfer scheme has effect to transfer life assurance business from one person (“*the transferor*”) to another (“*the transferee*”),
- (b) assuming the transferor had continued to carry on the business transferred after the transfer, the amount of any profits would have been charged to tax in accordance with Case I of Schedule D by virtue of section 431G(3),
- (c) the profits in respect of the business transferred for the first period of account of the transferee ending after the date on which the transfer takes effect are charged to tax under the I minus E basis, and
- (d) the conditions in paragraphs (a) and (b) of section 343(1) are satisfied in relation to the business transferred (construing references to an event as to a transfer).
- (2) The relevant fraction of any loss which (assuming the transferor had continued to carry on the business transferred after the transfer) would have been available to be set off against profits of that business (a “Case I loss”) shall instead be treated as a loss of the transferee (a “Case VI loss”) available to be set off against the amount of such profits chargeable under section 436A for a period of account as relate to the business transferred (that amount being determined in accordance with section 343(9) and (10), where applicable).
- (3) For the purposes of subsection (2) above “*the relevant fraction*”, in relation to a period of account, is—
$GRBTLTL$
where—
- *GRBTL* is the mean of the opening and closing liabilities of the transferred gross roll-up business for the period of account, and
- *TL* is the mean of the opening and closing liabilities of the transferred life assurance business for the period of account.
- (4) Where the transfer is of part only of the transferor's long-term business, subsection (2) above shall apply only to such part of the amount of any Case I loss to which it would otherwise apply as is appropriate.
- (5) Any question arising as to the operation of subsection (4) above shall be determined by the Special Commissioners who shall determine the question in the same manner as they determine appeals; but both the transferor and the transferee shall be entitled to appear and be heard or to make representations in writing.
##### 444AA
- (1) This section applies where an insurance business transfer scheme has effect to transfer the whole of the long-term business of one person (“*the transferor*”).
- (2) Where the last period covered by a periodical return of the transferor ends otherwise than immediately before the transfer, there is to be deemed for the purposes of corporation tax to be a periodical return of the transferor covering the period—
- (a) beginning immediately after the last period ending before the transfer which is covered by an actual periodical return of the transferor, and
- (b) ending immediately before the transfer,
containing such entries as would have been included in an actual periodical return of the transferor covering that period (and so making that period a period of account of the transferor).
- (3) Where the last period covered by a periodical return of the transferor (whether or not by virtue of subsection (2) above) ends immediately before the transfer, there is to be deemed for the relevant purpose to be a periodical return of the transferor—
- (a) covering the time of the transfer, and
- (b) containing such entries as would have been included in an actual periodical return covering the time of the transfer,
(and so making the time of the transfer a period of account of the transferor for the relevant purpose).
- (4) Where the last period covered by a periodical return of the transferor ends after the transfer, the periodical return covering that period is to be ignored for all purposes of corporation tax other than the relevant purpose.
- (5) In this section “*the relevant purpose*” means determining for the purposes of section 83(2B) of the Finance Act 1989 whether a transfer is brought into account as part of total expenditure.
- (6) For the purposes of this section “*insurance business transfer scheme*” includes a scheme which would be such a scheme but for section 105(1)(b) of the Financial Services and Markets Act 2000 (which requires the business transferred to be carried on in an EEA State).
- (7) Where this section applies in relation to a transfer in a case in which the transferor continues, after the transfer, to carry on insurance business which is not long-term business—
- (a) references in this section to the last period covered by a periodical return (or deemed periodical return) of the transferor shall be taken to be references to the last period covered by a periodical return (or deemed periodical return) of the transferor containing entries relating to long-term business;
- (b) subsection (4) above is to be read as if after “other than” there were inserted the purposes of sections 444BA to 444BD and.
##### 444AB
- (1) This section applies where, immediately after an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to one or more others (“*the transferee*” or “*the transferees*”), the transferor—
- (a) does not carry on long-term business, but
- (b) holds assets which, immediately before the transfer, were assets of its long-term insurance fund.
- (2) The transferor shall be charged to tax under Case VI of Schedule D in respect of the taxable amount as if it had been received by the transferor during the accounting period beginning immediately after the day of the transfer.
- (3) If the transferor was charged to tax on the profits of its life assurance business under Case I of Schedule D for the accounting period ending immediately before the transfer, the taxable amount is the whole of the previously untaxed amount.
- (4) Otherwise, the taxable amount is the non-BLAGAB fraction of the previously untaxed amount.
- (5) The previously untaxed amount is the lesser of—
- (a) if there are no retained liabilities, the fair value of the retained assets or, if there are, so much of the fair value of the retained assets as exceeds the amount of the retained liabilities, and
- (b) the amount by which the fair value of the assets of the transferor’s long-term insurance fund immediately before the transfer exceeds the amount of the relevant pre-transfer liabilities.
- (6) In subsection (5) above “*fair value*”, in relation to assets, means the amount which would be obtained from an independent person purchasing them or, if the assets are money, its amount.
- (6A) In subsection (5) above—
- (a) “*the retained assets*” means such of the assets held by the transferor immediately after the transfer as were assets of its long-term insurance fund immediately before the transfer; and
- (b) “*the retained liabilities*” means such of the liabilities of the transferor immediately after the transfer as were included in column 1 of line 14, 17, 22, 31 or 38 of Form 14 in the periodical return of the transferor covering the period of account ending immediately before the transfer.
- (7) Subject to subsection (8) below, the amount of the relevant pre-transfer liabilities is the aggregate of the amounts shown in column 1 of lines 14 and 49 of Form 14 in the periodical return of the transferor covering the period of account ending immediately before the transfer.
- (8) If the amount of the liabilities transferred exceeds the value of the assets so transferred, as brought into account for the first period of account of the transferee (or any of the transferees) ending after the transfer, the amount of the relevant pre-transfer liabilities is the amount arrived at by deducting the excess from the aggregate of the amounts shown as mentioned in subsection (7) above.
- (9) For the purposes of subsection (4) above the non-BLAGAB fraction of the previously untaxed amount is the fraction of which—
- (a) the numerator is the amount of the liabilities transferred, apart from those which are liabilities of basic life assurance and general annuity business, and
- (b) the denominator is the amount of the liabilities transferred.
- (10) References in this section to assets held by the transferor after the transfer do not include any held on trust for the transferee or any of the transferees.
- (11) For the purposes of this section “*insurance business transfer scheme*” includes a scheme which would be such a scheme but for section 105(1)(b) of the Financial Services and Markets Act 2000 (which requires the business transferred to be carried on in an EEA State).
##### 444ABA
- (1) This section applies where—
- (a) section 444AB applies in relation to a transfer in the case of which there are retained liabilities, and
- (b) in any accounting period of the transferor beginning after the day of the transfer there is a reduction in the amount of the retained liabilities occasioned otherwise than by the making of a payment in or towards their discharge.
- (2) The transferor shall be charged to tax under Case VI of Schedule D in respect of the taxable amount as if it had been received by the transferor in the accounting period in which the reduction occurs.
- (3) If the transferor was charged to tax on the profits of its life assurance business under Case I of Schedule D for the accounting period ending immediately before the transfer, the taxable amount is the whole amount of the reduction.
- (4) Otherwise the taxable amount is the non-BLAGAB fraction of the amount of the reduction.
- (5) The non-BLAGAB fraction of the amount of the reduction is the fraction of which—
- (a) the numerator is the amount of the liabilities transferred, apart from those which are liabilities of basic life assurance and general annuity business, and
- (b) the denominator is the amount of the liabilities transferred.
- (6) Where in any accounting period of the transferor beginning after the transfer there is an increase in the amount of the retained liabilities, this section applies in relation to subsequent accounting periods of the transferor as if the amount of the retained liabilities were reduced by the amount of the increase.
- (7) Where an amount is shown as post-transfer reduction liabilities in the transferor’s accounts for any accounting period beginning after the transfer, this section applies as if the amount of the retained liabilities at the end of that accounting period (and the beginning of the next) were increased by the amount so shown.
- (8) In subsection (7) above “*post-transfer reduction liabilities*” means liabilities of the transferor to make payments to relevant persons which, in accordance with the terms of the insurance business transfer scheme, have arisen in consequence of a reduction in the amount of the retained liabilities at any time after the transfer.
- (9) In subsection (8) above “*relevant persons*” means—
- (a) if the transferor’s life assurance business immediately before the transfer was mutual business, persons who were policy holders or annuitants, or members of the transferor, at that time, and
- (b) in any other case, persons who were policy holders or annuitants at that time.
##### 444ABAA
- (1) For the purposes of section 444AB the relevant amount in relation to assets that are non-profit fund transferred assets is—
$$FVA-(ABTO+TL)$where—FVA is the fair value of the assets on the transfer date,ABTO is any amount brought into account in respect of the assets as a business transfer-out and shown (or treated as shown) in line 32 of Form 40 in the periodical return of the transferor for the period of account of the transferor including the transfer date, andTL is the amount of any non-profit fund transferred liabilities which are shown (or treated as shown) in any of lines 17, 21 to 23 and 31 to 38, but not in line 61, in Form 14 in the periodical return for the period of account of the transferor ending (or treated as ending by section 444AA) immediately before the transfer date or, if there is no period of account of the transferor so ending (or treated as so ending), the amount of any liabilities which would be so shown if one did.$
- (2) In subsection (1) “*non-profit fund transferred liabilities*” means such of the liabilities of the transferor's long-term insurance fund as are transferred from the transferor to the transferee by the insurance business transfer scheme and were, immediately before their transfer, liabilities of a non-profit fund of the transferor.
- (3) See section 444AA for the meaning of “the transfer date” in this section.
#### Meaning of “distribution”.
##### 444ABB
- (1) For the purposes of section 444AB the relevant amount in relation to assets that are retained assets is the lesser of FVA and UTA, where—
- (a) FVA is the fair value of the assets on the transfer date, and
- (b) UTA is the amount by which the fair value of the assets of the long-term insurance fund of the transferor immediately before the transfer date exceeds the amount shown (or treated as shown) in line 32 of Form 40 in the periodical return of the transferor covering the transfer date.
- (2) See section 444AA for the meaning of “the transfer date” in this section.
##### 444ABBA
- (1) This section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to another (“*the transferee*”).
- (2) If the transferor and the transferee jointly elect, the transferee (and not the transferor) is chargeable to any amount of additional corporation tax to which the transferor would otherwise be chargeable by virtue of section 444AB(4) in relation to relevant non-transferred assets.
- (3) An election under subsection (2) above—
- (a) is to be irrevocable, and
- (b) is to be made by notice to an officer of Revenue and Customs no later than the end of the period of 90 days beginning with the day following the transfer date,
and a copy of the notice containing the election must accompany the tax return of the transferee for the first accounting period ending after the transfer. Paragraphs 54 to 60 of Schedule 18 to the Finance Act 1998 (claims and elections for corporation tax purposes) do not apply to such an election.
- (4) Where an election under subsection (2) above has been made, the transferor must inform the transferee of—
- (a) the amount of any additional corporation tax to which the transferor considers the election to apply, and
- (b) the day on which that tax is due and payable,
no later than the end of the period of 8 months beginning with the day following the transfer date.
- (5) Tax chargeable on the transferee by virtue of an election under subsection (2) above—
- (a) is due in accordance with section 59D of the Management Act on the day on which it would have been due if no election had been made, and
- (b) for the purposes of that section, is to be treated as tax payable by the transferor (and not as tax payable by the transferee).
- (6) See section 444AA for the meaning of “the transfer date” in this section.
##### 444ABC
- (1) This section applies where an insurance business transfer scheme has effect to transfer part (but not the whole or substantially the whole) of the long-term business of a person (“*the transferor*”) to another person (“*the transferee*”) and the condition in subsection (2) below is met.
- (2) That condition is that any of the assets of the transferor's long-term insurance fund which are transferred from the transferor to the transferee by the insurance business transfer scheme are not, immediately after their transfer—
- (a) if the transferee is an insurance company, assets of the transferee's long-term insurance fund, or
- (b) if the transferee is not an insurance company, assets of a with-profits fund of the transferee,
(“relevant non-transferred assets”).
- (3) The relevant amount in relation to the relevant non-transferred assets (see subsection (4) below) is to be taken into account under section 83(2) of the Finance Act 1989 as an increase in value of the assets of the long-term insurance fund of the transferor for the period of account covering the transfer date.
- (4) The relevant amount in relation to the relevant non-transferred assets is—
$$FVA-BTO$whereFVA is the fair value of the assets on the transfer date, andBTO is any amount brought into account in respect of the assets as a business transfer-out.$
- (5) See section 444AA for the meaning of “the transfer date” in this section.
##### 444ABD
- (1) Any profits representing the amount by which—
- (a) the value of the liabilities transferred by an insurance business transfer scheme, exceeds
- (b) the value of the assets transferred by the insurance business transfer scheme shown (or treated as shown) in line 32 of the periodical return of the transferor for the period of account of the transferor including the transfer date,
are to be taken into account as profits of that period of account.
- (2) See section 444AA for the meaning of “the transfer date” in this section.
##### 444AC
- (1) This section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to another (“*the transferee*”).
- (2) If—
- (a) the element of the transferee’s line 31 figure representing the transferor’s long-term insurance fund, exceeds
- (b) the aggregate amount of the liabilities to policy holders and annuitants transferred to the transferee and of any relevant debts,
the excess is not to be regarded as a business transfer-in of the transferee for the purposes of section 83(2)(e) of the Finance Act 1989.
- (2A) Subject to subsections (2C) and (2D) below, subsection (2B) below applies if—
- (a) the aggregate amount of the liabilities to policy holders and annuitants transferred to the transferee and of any relevant debts, exceeds
- (b) the element of the transferee's line 31 figure representing the transferor's long-term insurance fund.
- (2B) Where this subsection applies—
- (a) the excess is to be taken into account as a receipt of the transferee in computing in accordance with the provisions of this Act applicable to Case I of Schedule D the profits of its life assurance business for the period of account of the transferee in which the transfer takes place (“*the relevant period of account*”); and
- (b) the relevant proportion of the excess is to be taken into account as a receipt of the transferee in so computing the profits of each category of its life assurance business for the relevant period of account;
and, for this purpose, “*the relevant proportion*”, in relation to a category of the transferee's life assurance business, is the proportion that the liabilities of that category that are transferred bear to the total liabilities transferred.
- (2C) Subsection (2B) above does not require the excess to be taken into account as a receipt of the transferee in so computing the profits of its life assurance business for the relevant period of account if—
- (a) transferred liabilities of an aggregate amount equal to the excess are not taken into account in so computing those profits for that period of account, and
- (b) the amount of the closing liabilities of that period of account is taken into account as opening liabilities in so computing those profits for the next period of account.
- (2D) Subsection (2B) above does not require the relevant proportion of the excess to be taken into account as a receipt of the transferee in so computing the profits of a category of its life assurance business for the relevant period of account if—
- (a) transferred liabilities of an aggregate amount equal to the relevant proportion of the excess are not taken into account in so computing those profits for that period of account, and
- (b) the amount of the closing liabilities of that period of account is taken into account as opening liabilities in so computing those profits for the next period of account.
- (2E) In subsections (2C)(a) and (2D)(a) above “*transferred liabilities*” means—
- (a) liabilities to policy holders or annuitants at the end of the relevant period of account that were transferred to the transferee, and
- (b) payments made to discharge, during that period of account, liabilities to policy holders or annuitants that were transferred to the transferee.
- (3) In this section and section 444AD “*the element of the transferee’s line 31 figure representing the transferor’s long-term insurance fund*” means so much of—
- (a) the amount which is brought into account by the transferee as a business transfer-in in the period of account of the transferee in which the transfer takes place, as represents
- (b) the assets transferred to the transferee.
- (4) In this section “*relevant debts*” means debts which become debts of the transferee's long-term insurance fund as a result of the transfer.
- (5) But if—
- (a) the fair value, as at the date of the transfer, of the assets which become assets of the transferee's long-term insurance fund as a result of the transfer, exceeds
- (b) the element of the transferee's line 31 figure representing the transferor's long-term insurance fund,
the amount of any relevant debts for the purposes of this section is to be reduced (but not below nil) by the excess.
- (6) In determining the amount of the liabilities transferred for the purposes of this section, there is to be disregarded any reduction in the transferee's liabilities resulting from reinsurance under a contract of reinsurance which is a relevant financial reinsurance contract (within the meaning of section 82C of the Finance Act 1989).
- (7) But where—
- (a) such a reduction results from reinsurance under a contract which was entered into by the transferor as cedant before the day on which the transfer takes place, and
- (b) the transferor's rights and obligations under the contract are transferred to the transferee under the transfer,
the amount of the reduction that would (apart from this subsection) be disregarded under subsection (6) above shall be reduced (but not below nil) by the amount given by subsection (8) below or, if less, the amount given by subsection (9) below.
- (8) The amount given by this subsection is the amount by which the liabilities at the end of the closing period which fell to be taken into account in computing in accordance with the provisions of this Act applicable to Case I of Schedule D the profits of the transferor's business for that period were reduced as a result of reinsurance under the contract.
- (9) The amount given by this subsection is the amount given by paragraph (a) below reduced (but not below nil) by the amount given by paragraph (b) below—
- (a) the amount given by this paragraph is the aggregate of the relevant amounts for any accounting period, and for this purpose the relevant amount for an accounting period is the amount in sub-paragraph (i) or (ii) below or, where applicable, the aggregate of those amounts—
- (i) the amount by which the profits of the transferor's business, computed in accordance with the provisions of this Act applicable to Case I of Schedule D, were increased for that accounting period as a result of reinsurance under the contract;
- (ii) the amount by which the losses of the transferor's business, so computed, were reduced for that accounting period as a result of reinsurance under the contract; and
- (b) the amount given by this paragraph is the aggregate of the relevant amounts for any accounting period, and for this purpose the relevant amount for an accounting period is the amount in sub-paragraph (i) or (ii) below or, where applicable, the aggregate of those amounts—
- (i) the amount by which the profits of the transferor's business, so computed, were reduced for that accounting period as a result of a reduction in reinsurance under the contract;
- (ii) the amount by which the losses of the transferor's business, so computed, were increased for that accounting period as a result of a reduction in reinsurance under the contract.
- (10) In subsections (8) and (9) above—
- “*the closing period*” means the accounting period of the transferor ending with the day on which the transfer takes place;
- “the transferor's business” means—the transferor's life assurance business, andany category of its life assurance business to which the liabilities relate.
- (11) For the purposes of this section and section 444ACA—
- “*fair value*” has the meaning given by section 444AB(6);
- “*insurance business transfer scheme*” includes a scheme which would be such a scheme but for section 105(1)(b) of the Financial Services and Markets Act 2000 (which requires the business transferred to be carried on in an EEA State).
##### 444ACZA
- (1) This section applies where an insurance business transfer scheme has effect to transfer part (but not the whole or substantially the whole) of the long-term business of a person (“*the transferor*”) to another person (“*the transferee*”) and the condition in subsection (2) below is met.
- (2) The condition is that the transferor did not carry on life assurance business that is mutual business during the period of account of the transferor covering the transfer date.
- (3) The amount which (apart from this section) would be regarded as other income of the transferee for the purposes of section 83(2)(e) of the Finance Act 1989 for the period of account of the transferee which includes the transfer date is to be reduced by an amount equal to the transferred surplus.
- (4) In subsection (4) above “*the transferred surplus*” means such part of the amount shown (or treated as shown) in line 13 of Form 14 in the periodical return of the transferor covering the last period of account of the transferor ending before the transfer date as it is just and reasonable to regard as being attributable to the transfer.
- (5) See section 444AA for the meaning of “the transfer date” in this section.
##### 444ACA
- (1) This section applies where an insurance business transfer scheme (see section 444AC(11)) has effect to transfer long-term business from one company (“*the transferor*”) to another (“*the transferee*”).
- (2) If—
- (a) immediately before the transfer, the assets of the long-term insurance fund of the transferee comprise or include relevant shares or an interest in such shares, and
- (b) the fair value (see section 444AC(11)) of the relevant shares, or of that interest, is reduced (whether or not to nil) as a result of the transfer,
an amount equal to that reduction in fair value is to be taken into account under section 83(2) of the Finance Act 1989 as a receipt of the transferee of the period of account of the transferee in which the transfer takes place.
- (3) But if—
- (a) the assets transferred to the transferee under the transfer comprise or include assets (“*the relevant assets*”) which, immediately before the transfer,—
- (i) were assets of the transferor, but
- (ii) were not assets of the transferor's long-term insurance fund, and
- (b) in respect of the transfer of the relevant assets, an amount is—
- (i) brought into account by the transferee as other income of the transferee of the period of account of the transferee in which the transfer takes place, and
- (ii) taken into account in computing in accordance with the provisions of this Act applicable to Case I of Schedule D the profits of the transferee's life assurance business and any category of its life assurance business to which the amount is referable,
the amount taken into account under section 83(2) of the Finance Act 1989 by virtue of subsection (2) above shall be reduced (but not below nil) by an amount equal to the amount referred to in paragraph (b) above.
- (4) In subsection (2) above “*relevant shares*” means—
- (a) some or all of the shares in the transferor, or
- (b) some or all of the shares in a company (whether or not an insurance company) which owns, directly or indirectly,—
- (i) some or all of the shares in the transferor, or
- (ii) an interest in some or all of those shares.
- (5) In subsection (4) above “*shares*”, in relation to a company, includes any interests in the company possessed by members of the company.
##### 444AD
- (1) This section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to another (“*the transferee*”).
- (2) If the transferor and the transferee jointly elect, section 83(2B) of the Finance Act 1989 does not apply to the transferor by reason of the transfer as respects so much of the value of the assets to which it would otherwise so apply as does not exceed the amount specified in subsection (4) below.
- (3) An election under subsection (2) above—
- (a) is irrevocable, and
- (b) is to be made by notice to an officer of the Board no later than the end of the period of 28 days beginning with the day following that on which the transfer takes place;
and a copy of the notice containing the election must accompany the tax return of the transferee for the first accounting period ending after the transfer.
Paragraphs 54 to 60 of Schedule 18 to the Finance Act 1998 (claims and elections for corporation tax purposes) do not apply to such an election.
- (4) The amount referred to in subsection (2) above is the amount by which—
- (a) the fair value of such of the assets of the long-term insurance fund of the transferee immediately after the transfer as were assets of the transferor’s long-term insurance fund immediately before the transfer, is greater than
- (b) the element of the transferee’s line 31 figure representing the transferor’s long-term insurance fund.
- (5) In subsection (4) above “*fair value*”, in relation to assets, means the amount which would be obtained from an independent person purchasing them or, if the assets are money, its amount.
##### 444AE
- (1) This section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to another (“*the transferee*”).
- (2) If a contingent loan made to the transferor (within the meaning of subsection (1) of section 83ZA of the Finance Act 1989) is transferred to the transferee, that section has effect as if—
- (a) the contingent loan had become repayable by the transferor immediately before the transfer, and
- (b) the contingent loan were made to the transferee immediately after the transfer.
##### 444AEA
- (1) This section applies where—
- (a) as a result of the whole or any part of transfer scheme arrangements involving the transfer of long-term business from one person (“*the transferor*”) to another (“*the transferee*”) a Case I advantage is obtained by the transferor or the transferee (or by both), and
- (b) the sole or main purpose, or one of the main purposes, of the whole or any part of the transfer scheme arrangements is the obtaining of that Case I advantage.
- (2) In subsection (1) above “*transfer scheme arrangements*” means an insurance business transfer scheme (“*the relevant transfer scheme*”) together with any relevant associated operations.
- (3) If a Case I advantage is obtained by the transferor (see subsection (1) of section 444AEB), the amount of the transferor's Case I advantage (see subsection (2) of that section) is to be taken into account as an increase in value of the assets of the long-term insurance fund of the transferor for the period of account of the transferor covering the transfer date.
- (4) If a Case I advantage is obtained by the transferee (see subsection (1) of section 444AEC), the amount of the transferee's Case I advantage (see subsection (2) of that section) is to be taken into account as an increase in value of the assets of the long-term insurance fund of the transferee for the first period of account of the transferee ending after the transfer date.
- (5) In this section and sections 444AEB and 444AEC “*relevant associated operations*”, in relation to the relevant transfer scheme, means—
- (a) any other insurance business transfer scheme,
- (b) any contract of reinsurance,
- (c) any reconstruction or amalgamation involving the transferor, a dependant of the transferor which is an insurance undertaking or the transferee, or
- (d) any surplus-increasing transfer of assets,
which is effected in connection with the relevant transfer scheme.
- (6) In subsection (5) above—
- “*dependant*” and “*insurance undertaking*” have the same meaning as in the Insurance Prudential Sourcebook, and
- “*surplus-increasing transfer of assets*” means a transfer of assets of the transferor's long-term insurance fund to the transferee which is not brought into account for any period of account of the transferee but increases the amount of total surplus shown in line 39 of Form 58 in any periodical return of the transferee.
- (7) See section 444AA for the meaning of “the transfer date” in this section.
##### 444AEB
- (1) A Case I advantage is obtained by the transferor if—
- (a) Case I profits of its life assurance business for a period of account to which this section applies are less than they would be but for the transfer scheme arrangements or any part of the transfer scheme arrangements, or
- (b) Case I losses of its life assurance business for such a period of account are greater than they would be but for the transfer scheme arrangements or any part of the transfer scheme arrangements.
- (2) If a Case I advantage is obtained by the transferor, the amount of the Case I advantage is the aggregate of—
- (a) the amounts (if any) by which Case I profits for each period of account to which this section applies are less than they would be but for the transfer scheme arrangements or part, and
- (b) the amounts (if any) by which Case I losses for each such period of account are greater than they would be but for the transfer scheme arrangements or part.
- (3) This section applies to a period of account if it is—
- (a) the period of account of the transferor covering the transfer date,
- (b) any earlier period of account of the transferor, or
- (c) where any relevant associated operations are effected in any later period of account, that period of account.
- (4) In this section and section 444AEC “Case I profits” and “*Case I losses*” means profits and losses computed in accordance with the provisions of Case I of Schedule D.
- (5) See section 444AA for the meaning of “the transfer date”, and section 444AEA for the meaning of “relevant associated operations”, in this section.
##### 444AEC
- (1) A Case I advantage is obtained by the transferee if—
- (a) Case I profits of its life assurance business for a period of account to which this section applies are less than they would be but for the transfer scheme arrangements or any part of the transfer scheme arrangements, or
- (b) Case I losses of its life assurance business for such a period of account are greater than they would be but for the transfer scheme arrangements or any part of the transfer scheme arrangements.
- (2) If a Case I advantage is obtained by the transferee, the amount of the Case I advantage is—
- (a) the amount by which Case I profits for each period of account to which this section applies are less than they would be but for the transfer scheme arrangements or part, or
- (b) the amount by which Case I losses for each such period of account are greater than they would be but for the transfer scheme arrangements or part.
- (3) This section applies to a period of account if it is—
- (a) the first period of account of the transferee ending after the transfer date or after the effecting of the first of any relevant associated operations (if that occurs before the transfer date),
- (b) the second period of account of the transferee ending after the transfer date or after the effecting of the last of any relevant associated operations (if that occurs after the transfer date), or
- (c) any intervening period of account.
- (4) See section 444AA for the meaning of “the transfer date”, section 444AEA for the meaning of “relevant associated operations” and section 444AEB for the meaning of “Case I profits” and “Case I losses”, in this section.
##### 444AECA
- (1) This section applies where—
- (a) as a result of any part of transfer scheme arrangements involving the transfer of long-term business from one person (“*the transferor*”) to another (“*the transferee*”) a Case I advantage is obtained by the transferor or the transferee (or by both), and
- (b) the sole or main purpose, or one of the main purposes, of that part of the transfer scheme arrangements is the obtaining of that Case I advantage.
- (2) In subsection (1) above “*transfer scheme arrangements*” has the same meaning as in section 444AEA.
- (3) If a Case I advantage is obtained by the transferor (see subsection (1) of section 444AECB), the amount of the transferor's Case I advantage (see subsection (3) of that section) is to be taken into account as an increase in value of the assets of the long-term insurance fund of the transferor—
- (a) to the extent that the advantage is obtained by the transferor in the period of account covering the transfer date or any earlier period of account—
- (i) for the period of account of the transferor ending (or treated as ending) immediately before the transfer date, or
- (ii) where there is no such period, for the period of account of the transferor including the transfer date, and
- (b) to the extent that the advantage is obtained by the transferor in any later period of account of the transferor in which any relevant associated operations are effected, for that later period of account.
- (4) If a Case I advantage is obtained by the transferee (see subsection (1) of section 444AECC), the amount of the transferee's Case I advantage (see subsection (2) of that section) is to be taken into account as an increase in value of the assets of the long-term insurance fund of the transferee for the period of account of the transferee in which the advantage is obtained by the transferee.
- (5) See section 444AA for the meaning of “the transfer date”, and section 444AEA for the meaning of “relevant associated operations”, in this section.
##### 444AECB
- (1) A Case I advantage is obtained by the transferor if—
- (a) Case I profits of its life assurance business for a period of account to which this section applies are, or at the relevant time are expected to be, less than they would be but for any part of the transfer scheme arrangements, or
- (b) Case I losses of its life assurance business for such a period of account are, or at the relevant time are expected to be, greater than they would be but for any part of the transfer scheme arrangements.
- (2) But if any of the relevant associated operations would, by itself, cause the Case I profits to be greater or the Case I losses to be less than they would be but for that operation, the amount by which those profits would be greater or those losses would be less shall be taken into account in determining whether a Case I advantage is obtained by the transferor.
- (3) If a Case I advantage is obtained by the transferor, the amount of the Case I advantage is the aggregate of—
- (a) the amounts (if any) by which Case I profits for each period of account to which this section applies are, or at the relevant time are expected to be, less than they would be but for the relevant part of the arrangements, and
- (b) the amounts (if any) by which Case I losses for each such period of account are, or at the relevant time are expected to be, greater than they would be but for the relevant part of the arrangements.
- (4) This section applies to a period of account if it is—
- (a) the period of account of the transferor covering the transfer date,
- (b) any earlier period of account of the transferor, or
- (c) where any relevant associated operations are effected in any later period of account, that period of account.
- (5) In this section and section 444AECC “*the relevant part of the arrangements*” means, in relation to a Case I advantage, the part of the transfer scheme arrangements as a result of which the Case I advantage is obtained.
- (6) See section 444AA for the meaning of “the transfer date”, section 444AEA for the meaning of “relevant associated operations” and section 444AEB for the meaning of “Case I profits” and “Case I losses” and “the relevant time”, in this section.
##### 444AECC
- (1) A Case I advantage is obtained by the transferee if—
- (a) Case I profits of its life assurance business for a period of account to which this section applies are, or at the relevant time are expected to be, less than they would be but for any part of the transfer scheme arrangements, or
- (b) Case I losses of its life assurance business for such a period of account are, or at the relevant time are expected to be, greater than they would be but for the any part of the transfer scheme arrangements.
- (2) But if any of the relevant associated operations would, by itself, cause the Case I profits to be greater, or the Case I losses to be less, than they would be but for that operation, the amount by which those profits would be greater or those losses would be less shall be taken into account in determining whether a Case I advantage is obtained by the transferor.
- (3) If a Case I advantage is obtained by the transferee, the amount of the Case I advantage is—
- (a) the amount by which Case I profits for each period of account to which this section applies are, or at the relevant time are expected to be, less than they would be but for the relevant part of the arrangements, or
- (b) the amount by which Case I losses for each such period of account are, or at the relevant time are expected to be, greater than they would be but for the relevant part of the arrangements.
- (4) This section applies to a period of account if it is—
- (a) the first period of account of the transferee ending after the transfer date or after the effecting of the first of any relevant associated operations (if that occurs before the transfer date),
- (b) the second period of account of the transferee ending after the transfer date or after the effecting of the last of any relevant associated operations (if that occurs after the transfer date), or
- (c) any intervening period of account.
- (5) See section 444AA for the meaning of “the transfer date”, section 444AEA for the meaning of “relevant associated operations”, section 444AEB for the meaning of “Case I profits” and “Case I losses” and “the relevant time” and section 444AECB for the meaning of “the relevant part of the arrangements”, in this section.
##### 444AED
- (1) Section 444AEA does not apply in relation to the transferor or the transferee if, on an application under this section, the Commissioners for Her Majesty's Revenue and Customs (“the HMRC Commissioners”) have given a notice under subsection (2) below.
- (2) A notice under this subsection is a notice stating that the HMRC Commissioners are satisfied—
- (a) that the obtaining of a Case I advantage by the applicant is not the sole or main purpose of the whole or any part of the transfer scheme arrangements, or
- (b) that the transferor and the transferee are members of the same group of companies and that there is no advantage to the group arising from any Case I advantage obtained by the transferor or by the transferee.
- (3) For the purposes of this section there is no advantage to a group arising from any Case I advantage obtained by the transferor or by the transferee if—
- (a) as a result of transfer scheme arrangements, there is an increase in the liability to corporation tax of one or more companies which are members of the group of companies, and
- (b) the amount (or aggregate amount) of that increase is not less than the reduction in the liability to corporation tax of the transferor or the transferee (or both) arising from the obtaining of the Case I advantage.
- (4) An application under this section must be in writing and contain particulars of the transfer scheme arrangements.
- (5) The HMRC Commissioners may by notice require the applicant to provide further particulars in order to enable them to determine the application.
- (6) A requirement may be imposed under subsection (5) above within 30 days of the receipt of the application or of any further particulars required under that subsection.
- (7) If a notice under subsection (5) above is not complied with within 30 days or such longer period as the HMRC Commissioners may allow, they need not proceed further on the application.
- (8) The HMRC Commissioners must give notice of their decision on an application under this section to the applicant within 30 days of receiving the application or, if they give a notice under subsection (5) above, within 30 days of that notice being complied with.
- (9) If the HMRC Commissioners—
- (a) give notice to the applicant under subsection (8) above that they are not satisfied as mentioned in subsection (2) above, or
- (b) do not comply with subsection (8) above,
the applicant may require them to transmit the application to the Special Commissioners.
- (10) A requirement under subsection (9) above must be imposed within 30 days of the giving of the notice or the failure to comply and must be accompanied by any notice given under subsection (5) above and further particulars provided pursuant to any such notice.
- (11) Any notice given by the Special Commissioners has effect for the purposes of subsection (1) above as if it were given by the HMRC Commissioners.
- (12) If any particulars provided under this section do not fully and accurately disclose all facts and considerations material for the decision of the HMRC Commissioners or the Special Commissioners, any resulting notice that they are satisfied as mentioned in subsection (2) above is void.
- (13) For the purposes of this section two companies are members of the same group of companies if they are for the purposes of Chapter 4 of Part 10.
### Surpluses of mutual and former mutual businesses
##### 444AF
- (1) This section applies in relation to a period of account of an insurance company (“*the relevant period*”) if—
- (a) at any time in the relevant period the company carries on life assurance business that is not mutual business,
- (b) the company has an amount of undistributed demutualisation surplus for the relevant period (see subsection (7)), and
- (c) there is a reduction in the amount of the company's unappropriated surplus over the relevant period (see section 444AI).
- (2) Where this section applies in relation to the relevant period, there shall be deemed for the purposes of section 83(2) of the Finance Act 1989 to be brought into account for the relevant period as an increase in the value of the assets of the company's long-term insurance fund whichever of the following amounts is the smallest—
- (a) the amount of the reduction mentioned in subsection (1)(c) above;
- (b) the amount of the company's undistributed demutualisation surplus for the relevant period;
- (c) the amount of the company's relevant receipts reduction for the relevant period (see section 444AJ).
- (3) If the company prepares for the relevant period one or more such separate revenue accounts as are mentioned in section 83A(2)(b) of the Finance Act 1989—
- (a) subsection (2) above shall apply separately in relation to each separate revenue account which is recognised for the purposes of section 83 of that Act; and
- (b) for that purpose, any amount that falls to be determined in order to determine—
- (i) whether that subsection applies in relation to any such separate revenue account, and
- (ii) if so, the amount to be brought into account under that subsection in relation to that account,
shall be determined using only amounts or items which relate to the separate revenue account concerned.
- (4) In applying subsection (2) above in relation to a revenue account or separate revenue account which—
- (a) is recognised for the purposes of section 83 of that Act, and
- (b) is one in relation to which sections 432C and 432D apply,
that subsection shall have effect as if for “smallest” there were substituted smaller and as if paragraph (c) were omitted.
- (5) This section shall have effect—
- (a) for the purposes of computing in accordance with the provisions of this Act applicable to Case I of Schedule D the profits of the company's life assurance business, and
- (b) for the purposes of so computing the profits of any category of the company's life assurance business chargeable to tax under Case VI of Schedule D.
- (6) But for the purposes mentioned in subsection (5)(b) above, this section and section 444AG have effect subject to the modification in section 444AH; and the Corporation Tax Acts have effect accordingly (so that there may, in particular, be a difference between—
- (a) the amount deemed to be brought into account by virtue of subsection (2) above for a period of account for those purposes, and
- (b) the amount so deemed to be brought into account for that period of account for the purposes mentioned in subsection (5)(a) above).
- (7) For the purposes of this section, the undistributed demutualisation surplus of an insurance company for the relevant period is—
- (a) an amount equal to (UDSP – AD + DTSI – DTSO); or
- (b) if that amount is a negative amount, nil.
For this purpose—
- UDSP is the undistributed demutualisation surplus of the company for the period of account immediately preceding the relevant period,
- AD is any amount deemed under this section to be brought into account for the period of account immediately preceding the relevant period as an increase in the value of the assets of the company's long-term insurance fund,
- DTSI is the total amount of any demutualisation transfer surpluses accruing to the company during the relevant period (see section 444AG),
- DTSO is the total amount of any demutualisation transfer surpluses accruing to any other company (or companies) during the relevant period on a transfer (or transfers) of life assurance business by the company to that other company (or companies).
##### 444AG
- (1) For the purposes of section 444AF and this section, a demutualisation transfer surplus accrues to an insurance company where—
- (a) life assurance business is transferred to the company by a person (“*the transferor*”),
- (b) after the transfer, the company carries on the transferred business otherwise than as mutual business, and
- (c) the condition in subsection (2) below is satisfied in relation to the transfer.
- (2) The condition is that—
- (a) immediately before the transfer, the transferor carried on the transferred business as mutual business, or
- (b) where paragraph (a) above does not apply, some or all of the transferred business was carried on by an insurance company as mutual business at a time on or after 1st January 1990 and before the transfer (“former mutual business”).
- (3) The demutualisation transfer surplus accrues to the company on the date of the transfer.
- (4) The amount of the demutualisation transfer surplus is given by subsection (5) or (6) below.
- (5) Where subsection (2)(a) above applies, the amount of the demutualisation transfer surplus is—
- (a) where the whole of the transferor's life assurance business was transferred to the company under the transfer, the aggregate of—
- (i) the unappropriated surplus of the transferor at the end of the period of account of the transferor ending immediately before the transfer, and
- (ii) the amount of any added surplus accruing to the company in connection with the transfer (see subsection (10));
- (b) otherwise, a just and reasonable portion of that aggregate amount, having regard to how much of the transferor's life assurance business was transferred to the company under the transfer.
- (6) Where subsection (2)(b) above applies, the amount of the demutualisation transfer surplus is—
- (a) where the whole of the transferor's life assurance business was transferred to the company under the transfer and all of the transferred business is former mutual business, the former mutual surplus of the transferor on the transfer date (see subsection (7));
- (b) otherwise, so much of that former mutual surplus as it is just and reasonable to attribute to the company, having regard in particular to—
- (i) how much of the transferor's life assurance business was transferred to the company under the transfer, and
- (ii) how much of the transferred business is former mutual business.
- (7) For the purposes of subsection (6) above, the former mutual surplus of the transferor on the transfer date is—
- (a) the amount given by subsection (8) below, or
- (b) if less, the amount given by subsection (9) below.
- (8) The amount given by this subsection is the total amount of any demutualisation transfer surpluses accruing to the transferor—
- (a) on or after 1st January 1990, and
- (b) on or before the date of the transfer.
- (9) The amount given by this subsection is the lowest amount of unappropriated surplus of the transferor at the end of any period of account ending—
- (a) on or after the date of the last occasion on which a demutualisation transfer surplus accrued to it as mentioned in subsection (8) above, and
- (b) on or before the date of the transfer.
- (10) For the purposes of this section, added surplus accrues to the company in connection with the transfer if—
- (a) an amount of assets is received by the company in connection with the transfer, no later than six months after the date of the transfer,
- (b) the amount is not brought into account by the company,
- (c) the amount is added to the unappropriated surplus of the company, and
- (d) the amount does not derive from any unappropriated surplus of the transferor;
and the amount of the added surplus is the amount referred to in paragraphs (a) to (d) above.
##### 444AH
- (1) The modification in this section has effect for the purposes mentioned in section 444AF(5)(b) only.
- (2) In relation to any demutualisation transfer surplus accruing to a company in a post-2002 period of account—
- (a) the references in section 444AG(5) to the unappropriated surplus of the transferor at the end of the period of account of the transferor ending immediately before the transfer shall be taken to be references to—
- (i) the amount of that unappropriated surplus, or
- (ii) if less, the unappropriated surplus of the transferor at the end of the period of account immediately preceding the first post-2002 period of account of the transferor; and
- (b) the references in sections 444AF and 444AG to the amount of any demutualisation transfer surplus are to have effect accordingly.
- (3) In this section “*post-2002 period of account*”, in relation to an insurance company, means a period of account of the company beginning on or after 1st January 2003 and ending on or after 9th April 2003.
##### 444AI
- (1) For the purposes of section 444AF—
- (a) there is a reduction in the amount of the company's unappropriated surplus over the relevant period if CUS is less than (OUS + TSI – TSO);
- (b) the amount of that reduction is the amount by which CUS is less than (OUS + TSI – TSO).
- (2) In this section—
- CUS is the amount of the company's unappropriated surplus at the end of the relevant period,
- OUS is the amount of the company's unappropriated surplus at the end of the period of account immediately preceding the relevant period,
- TSI is the total amount of any transfer surpluses accruing to the company during the relevant period (see subsections (3) to (7)),
- TSO is the total amount of any transfer surpluses accruing to any other company (or companies) during the relevant period on a transfer (or transfers) of life assurance business by the company to that other company (or companies).
- (3) For the purposes of this section, a transfer surplus accrues to an insurance company where life assurance business is transferred to the company by a person (“*the transferor*”).
- (4) The transfer surplus accrues to the company on the date of the transfer.
- (5) The amount of the transfer surplus is equal to so much of the unappropriated surplus of the transferor at the end of the period of account of the transferor ending immediately before the transfer as is transferred to the company under the transfer.
- (6) But if, immediately before the transfer, the transferor carried on the transferred business as mutual business, the amount of the transfer surplus is the aggregate of—
- (a) the amount given by subsection (5) above, and
- (b) the amount of any added surplus accruing to the company in connection with the transfer.
- (7) Subsection (10) of section 444AG applies for the purposes of subsection (6) above as it applies for the purposes of that section.
##### 444AJ
- (1) For the purposes of sections 444AF and 444AK, the amount of the company's relevant receipts reduction for the relevant period is to be calculated by—
- (a) determining, in the case of each with-profits fund of the company, the amount given by subsection (2) or (6) below for the relevant period, and
- (b) aggregating each of those amounts.
- (2) The amount, in the case of a fund other than a policy holder participation fund, is—
- (a) where the gross transfer to non-technical account for the fund for the relevant period (see subsections (3) and (4)) is greater than the post-policy holder surplus for the fund for the relevant period (see subsection (5)), the amount of the difference;
- (b) otherwise, nil.
- (3) In this section “*the gross transfer to non-technical account*” means the amount shown in line 13 of Form 58 for the fund.
- (4) But if—
- (a) there is a transfer from a with-profits fund of the company to another fund of the company (“the initial transfer”) which is shown in (or included in an amount shown in) line 14 of Form 58 for the with-profits fund,
- (b) there is a transfer from a fund of the company (whether or not the other fund mentioned in paragraph (a) above) to the non-technical account which is shown in (or included in an amount shown in) line 13 of Form 58 for that fund, and
- (c) the transfer to the non-technical account can reasonably be regarded as connected with the initial transfer,
the amount of the gross transfer to non-technical account for the relevant period given by subsection (3) above in the case of the with-profits fund is to be increased by the amount transferred to the non-technical account.
- (5) In this section “*post-policy holder surplus*” means an amount equal to—
$$SA-TAP$where—SA is—(a) the amount shown in line 34 of Form 58 for the fund (surplus arising since last valuation), or(b) if that amount is a negative amount, nil;TAP is the amount shown in line 46 of Form 58 for the fund (total allocated to policy holders).$
- (6) The amount, in the case of a policy holder participation fund, is—
- (a) where TAP is greater than SA, the amount of the difference;
- (b) otherwise, nil;
and for this purpose “*SA*” and “*TAP*” have the same meaning as in subsection (5) above.
- (7) References in this section to Form 58 are references to that Form in the periodical return of the company for the relevant period.
- (8) In this section “*policy holder participation fund*” means a fund in the case of which an amount equal to the amount shown in line 34 of Form 58 for the fund is allocated to policy holders for the relevant period.
##### 444AK
- (1) This section applies if at any time in a period of account of an insurance company (“*the relevant period*”)—
- (a) the company carries on life assurance business as mutual business, and
- (b) the company carries on one or more categories of life assurance business chargeable to tax under Case VI of Schedule D.
- (2) If there is a reduction in the amount of the company's unappropriated surplus over the relevant period, there shall be deemed for the purposes of section 83(2) of the Finance Act 1989 to be brought into account for the relevant period as an increase in the value of the assets of the company's long-term insurance fund—
- (a) the amount of that reduction, or
- (b) if less, the amount of the company's relevant receipts reduction for the relevant period (see section 444AJ).
- (3) But subsection (2) above shall have effect only for the purposes of computing in accordance with the provisions of this Act applicable to Case I of Schedule D the profits for the relevant period of any category of the company's life assurance business chargeable to tax under Case VI of Schedule D.
- (4) If the company prepares for the relevant period one or more such separate revenue accounts as are mentioned in section 83A(2)(b) of the Finance Act 1989—
- (a) subsection (2) above shall apply separately in relation to each separate revenue account which is recognised for the purposes of section 83 of that Act; and
- (b) for that purpose, any amount that falls to be determined in order to determine—
- (i) whether that subsection applies in relation to any such separate revenue account, and
- (ii) if so, the amount to be brought into account under that subsection in relation to that account,
shall be determined using only amounts or items which relate to the separate revenue account concerned.
- (5) In applying subsection (2) above in relation to a revenue account or separate revenue account which—
- (a) is recognised for the purposes of section 83 of that Act, and
- (b) is one in relation to which sections 432C and 432D apply,
that subsection shall have effect as if paragraph (b) and the word “or” before it were omitted.
- (6) For the purposes of this section, there is a reduction in the amount of the company's unappropriated surplus over the relevant period if—
- (a) CUS is less than OUS, and
- (b) CUS is less than UUS.
- (7) The amount of that reduction is—
- (a) the amount by which CUS is less than OUS, or
- (b) if OUS is greater than UUS, the amount by which CUS is less than UUS.
- (8) In this section—
- CUS is the amount of the company's unappropriated surplus at the end of the relevant period,
- OUS is the amount of the company's unappropriated surplus at the end of the period of account immediately preceding the relevant period,
- UUS is the amount of the company's unappropriated surplus at the end of the period of account immediately preceding the first period of account of the company to begin on or after 1st January 2003 and to end on or after 9th April 2003.
##### 444AL
- (1) This section applies for the purposes of sections 444AF to 444AK.
- (2) References to mutual business, in relation to any time, include business which at that time is treated for the purposes of section 432E as mutual business.
- (3) “*Unappropriated surplus*”, in relation to a period of account of an insurance company, means an unappropriated surplus on valuation as shown in the periodical return of the company for the period of account.
- (4) References to the unappropriated surplus of the transferor at the end of the period of account of the transferor ending immediately before the transfer are, where a period of account of the transferor does not end at that time, references to the unappropriated surplus on valuation that would have been shown in a periodical return of the transferor for that period had such a return been drawn up.
### Provisions applying in relation to overseas life insurance companies
##### 444B
Schedule 19AC (which makes modifications of this Act in relation to overseas life insurance companies) shall have effect.
#### Meaning of “distribution”.
##### 444C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200AA
##### 444D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200A
##### 444E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200B
### Equalisation reserves
##### 444BA
- (1) Subject to the following provisions of this section and to sections 444BB to 444BD, the rules in subsection (2) below shall apply in making any computation, for the purposes of Case I or V of Schedule D, of the profits or losses for any accounting period of an insurance company whose business has at any time been or included business in respect of which it was required, by virtue of equalisation reserve rules, to maintain an equalisation reserve.
- (2) Those rules are—
- (a) that amounts which, in accordance with equalisation reserve rules, are transferred into the equalisation reserve in respect of the company’s business for the accounting period in question are to be deductible;
- (b) that amounts which, in accordance with any such regulations, are transferred out of the reserve in respect of the company’s business for that period are to be treated as receipts of that business; and
- (c) that it must be assumed that all such transfers as are required by equalisation reserve rules to be made into or out of the reserve in respect of the company’s business for any period are made as required.
- (3) Where an insurance company having any business in respect of which it is required, by virtue of equalisation reserve rules, to maintain an equalisation reserve ceases to trade—
- (a) any balance which exists in the reserve at that time for the purposes of the Tax Acts shall be deemed to have been transferred out of the reserve immediately before the company ceases to trade; and
- (b) that transfer out shall be deemed to be a transfer in respect of the company’s business for the accounting period in which the company so ceases and to have been required by equalisation reserve rules.
- (4) Where—
- (a) an amount is transferred into an equalisation reserve in respect of the business of an insurance company for any accounting period,
- (b) the rule in subsection (2)(a) above would apply to the transfer of that amount but for this subsection,
- (c) that company by notice in writing to an officer of the Board makes an election in relation to that amount for the purposes of this subsection, and
- (d) the notice of the election is given not more than two years after the end of that period,
the rule mentioned in subsection (2)(a) above shall not apply to that transfer of that amount and, instead, the amount transferred (the “unrelieved transfer”) shall be carried forward for the purposes of subsection (5) below to the next accounting period and (subject to subsection (6) below) from accounting period to accounting period.
- (5) Where—
- (a) in accordance with equalisation reserve rules, a transfer is made out of an equalisation reserve in respect of an insurance company’s business for any accounting period,
- (b) the rule in subsection (2)(b) above would apply to the transfer but for this subsection, and
- (c) the accounting period is one to which any amount representing one or more unrelieved transfers has been carried forward under subsection (4) above,
that rule mentioned in subsection (2)(b) above shall not apply to that transfer except to the extent (if any) that the amount of the transfer exceeds the aggregate of the amounts representing unrelieved transfers carried forward to that period.
- (6) Where in the case of any company—
- (a) any amount representing one or more unrelieved transfers is carried forward to an accounting period in accordance with subsection (4) above, and
- (b) by virtue of subsection (5) above the rule in subsection (2)(b) above does not apply to an amount representing the whole or any part of any transfer out of an equalisation reserve in respect of the company’s business for that period,
the amount mentioned in paragraph (a) above shall not be carried forward under subsection (4) above to the next accounting period except to the extent (if any) that it exceeds the amount mentioned in paragraph (b) above.
- (7) To the extent that any actual or assumed transfer in accordance with equalisation reserve rules of any amount into an equalisation reserve is attributable to arrangements entered into wholly or mainly for tax purposes—
- (a) the rule in subsection (2)(a) above shall not apply to that transfer; and
- (b) the making of that transfer shall be disregarded in determining, for the purposes of the Tax Acts, whether and to what extent there is subsequently any requirement to make a transfer into or out of the reserve in accordance with equalisation reserve rules;
and this subsection applies irrespective of whether the insurance company in question is a party to the arrangements.
- (8) For the purposes of this section the transfer of an amount into an equalisation reserve is attributable to arrangements entered into wholly or mainly for tax purposes to the extent that the arrangements to which it is attributable are arrangements—
- (a) the sole or main purpose of which is, or
- (b) the sole or main benefit accruing from which might (but for subsection (7) above) be expected to be,
the reduction by virtue of this section of any liability to tax.
- (9) Where—
- (a) any transfer made into or out of an equalisation reserve maintained by an insurance company is made in accordance with equalisation reserve rules in respect of business carried on by that company over a period (“the equalisation period”), and
- (b) parts of the equalisation period are in different accounting periods,
the amount transferred shall be apportioned for the purposes of this section between the different accounting periods in the proportions that correspond to the number of days in the equalisation period that are included in each of those accounting periods.
- (10) The Treasury may by regulations provide in relation to any accounting periods ending on or after 1st April 1996 for specified transitional provisions contained in equalisation reserve rules to be disregarded for the purposes of the Tax Acts in determining how much is required, on any occasion, to be transferred into or out of any equalisation reserve in accordance with the rules.
- (11) In this section, and in sections 444BB to 444BD, “equalisation reserves rules” means the rules in chapter 7.5 of the Integrated Prudential Sourcebook.
##### 444BB
- (1) The Treasury may by regulations make provision modifying section 444BA so as, in cases mentioned in subsection (2) below—
- (a) to require—
- (i) sums by reference to which the amount of any transfer into or out of an equalisation reserve falls to be computed, or
- (ii) the amount of any such transfer,
to be apportioned between different parts of the business carried on for any period by an insurance company; and
- (b) to provide for the purposes of corporation tax for the amounts taken to be transferred into or out of an equalisation reserve to be computed disregarding any such sum or, as the case may be, any such part of a transfer as is attributed, in accordance with the regulations, to a part of the business described for the purpose in the regulations.
- (2) Those cases are cases where an insurance company which, in accordance with equalisation reserve rules, is required to make transfers into or out of an equalisation reserve in respect of any business carried on by that company for any period is carrying on, for the whole or any part of that period—
- (a) any business the income and gains of which fall to be disregarded in making a computation of the company’s profits in accordance with the rules applicable to Case I of Schedule D, or
- (b) any business by reference to which double taxation relief is afforded in respect of any income or gains.
- (3) Section 444BA shall have effect (subject to any regulations under subsection (1) above) in the case of an equalisation reserve maintained by an insurance company which—
- (a) is not resident in the United Kingdom, and
- (b) carries on business in the United Kingdom through a permanent establishment,
only if such conditions as may be prescribed by regulations made by the Treasury are satisfied in relation to that company and in relation to transfers into or out of that reserve.
- (4) Regulations under this section prescribing conditions subject to which section 444BA is to apply in the case of any equalisation reserve maintained by an insurance company may—
- (a) contain conditions imposing requirements on the company to furnish the Board with information with respect to any matters to which the regulations relate, or to produce to the Board documents or records relating to any such matters; and
- (b) provide that, where any prescribed condition is not, or ceases to be, satisfied in relation to the company or in relation to transfers into or out of that reserve, there is to be deemed for the purposes of the Tax Acts to have been a transfer out of that reserve of an amount determined under the regulations.
- (5) Regulations under this section may—
- (a) provide for apportionments under the regulations to be made in such manner, and by reference to such factors, as may be specified or described in the regulations;
- (b) make different provision for different cases;
- (c) contain such supplementary, incidental, consequential and transitional provision as the Treasury may think fit;
- (d) make provision having retrospective effect in relation to accounting periods beginning not more than one year before the time when the regulations are made;
and the powers conferred by this section in relation to transfers into or out of any reserve shall be exercisable in relation to both actual and assumed transfers.
- (6) In this section “*double taxation relief*” means—
- (a) relief under double taxation arrangements which takes the form of a credit allowed against corporation tax, or
- (b) unilateral relief under section 790(1) which takes that form;
and “*double taxation arrangements*” here means arrangements having effect by virtue of section 788.
##### 444BC
- (1) The Treasury may by regulations make provision modifying the operation of section 444BA in relation to cases where an insurance company has, for the purpose of preparing the documents it is required to prepare for the purposes of section 9.3 of the Prudential Sourcebook (Insurers), applied for any period an accounting method described in paragraph 52 or 53 of Schedule 9A to the Companies Act 1985 (accounting on a non-annual basis).
- (2) Subsection (5) of section 444BB applies for the purposes of this section as it applies for the purposes of that section.
##### 444BD
- (1) The Treasury may by regulations provide for section 444BA to have effect, in such cases and subject to such modifications as may be specified in the regulations, in relation to any equivalent reserves as it has effect in relation to equalisation reserves maintained by virtue of equalisation reserve rules.
- (2) For the purposes of this section a reserve is an equivalent reserve if—
- (a) it is maintained, otherwise than by virtue of equalisation reserve rules, either—
- (i) by an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to the Financial Services and Markets Act 2000 which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12(1) of that Schedule) to effect or carry out contracts of insurance in the United Kingdom, or
- (ii) by a firm which has permission under paragraph 4 of Schedule 4 to that Act (as a result of qualifying for authorisation under paragraph 2 of that Schedule) to effect or carry out contracts of insurance in the United Kingdom, or
- (iii) in respect of any business which consists of the effecting or carrying out of contracts of insurance and which is carried on outside the United Kingdom by a company resident in the United Kingdom;
- (b) the purpose for which, or the manner in which, it is maintained is such as to make it equivalent to an equalisation reserve maintained by virtue of equalisation reserve rules.
- (3) For the purposes of this section a reserve is also an equivalent reserve if it is maintained in respect of any credit insurance business in accordance with requirements imposed either—
- (a) by or under any enactment, or
- (b) under so much of the law of any territory as secures compliance with the requirements of Article 1 of the credit insurance directive (equalisation reserves for credit insurance).
- (4) Without prejudice to the generality of subsection (1) above, the modifications made by virtue of that subsection may—
- (a) provide for section 444BA to apply in the case of an equivalent reserve only where such conditions as may be specified in the regulations are satisfied in relation to the company maintaining the reserve or in relation to transfers made into or out of it; and
- (b) contain any other provision corresponding to any provision which, in the case of a reserve maintained by virtue of equalisation reserve rules, may be made under sections 444BA to 444BC.
- (5) Subsections (4) and (5) of section 444BB shall apply for the purposes of this section as they apply for the purposes of that section.
- (6) Without prejudice to the generality of section 444BB(5), the transitional provision which by virtue of subsection (5) above may be contained in regulations under this section shall include—
- (a) provision for treating the amount of any transfers made into or out of an equivalent reserve in respect of business carried on for any specified period as increased by the amount by which they would have been increased if no transfers into the reserve had been made in respect of business carried on for an earlier period; and
- (b) provision for excluding from the rule in section 444BA(2)(b) so much of any amount transferred out of an equivalent reserve as represents, in pursuance of an apportionment made under the regulations, the transfer out of that reserve of amounts in respect of which there has been no entitlement to relief by virtue of section 444BA(2)(a).
- (7) In this section—
- “credit insurance business” means business which consists of the effecting or carrying out of contracts of insurance against risks of loss to the persons insured arising from—the insolvency of debtors of theirs, orfrom the failure (otherwise than through insolvency) of debtors of theirs to pay their debts when due;
- “*the credit insurance directive*” means Council Directive [87/343/EEC](https://www.legislation.gov.uk/european/directive/1987/0343) of 22nd June 1987 amending, as regards credit insurance and suretyship insurance, First Directive 73/239 on the coordination of laws, regulations and administrative provisions relating to the taking-up and pursuit of the business of direct insurance other than life assurance; . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 458A
- (1) The Treasury may by regulations provide for the life assurance provisions of the Corporation Tax Acts to have effect in relation to companies carrying on capital redemption business as if capital redemption business were, or were a category of, life assurance business.
- (2) Regulations under this section may provide that the provisions applied by the regulations are to have effect as respects capital redemption business with such modifications and exceptions as may be provided for in the regulations.
- (3) Regulations under this section may—
- (a) make different provision for different cases;
- (b) include such incidental, supplemental, consequential and transitional provision (including provision modifying provisions of the Corporation Tax Acts other than the life assurance provisions) as the Treasury consider appropriate; and
- (c) include retrospective provision.
- (4) In this section references to the life assurance provisions of the Corporation Tax Acts are references to the following—
- (a) the provisions of this Chapter so far as they relate to life assurance business or companies carrying on such business; and
- (b) any other provisions of the Corporation Tax Acts making separate provision by reference to whether or not the business of a company is or includes life assurance business or any category of insurance business that includes life assurance business.
- (5) In this section “*capital redemption business*” has the same meaning as in section 458.
##### 461A
- (1) For the purposes of sections 461B and 461C, a “*qualifying society*” is an incorporated friendly society which—
- (a) immediately before its incorporation, was a registered friendly society to which section 461(2) did not apply,
- (b) was formed otherwise than by the incorporation of a registered friendly society or the amalgamation of two or more friendly societies and satisfies subsection (2) below, or
- (c) was formed by the amalgamation of two or more friendly societies and satisfies subsection (3) below,
and in respect of which no direction under section 461C(5) is in force.
- (2) A society satisfies this subsection if its business is limited to the provision, in accordance with the rules of the society, of benefits for or in respect of employees of a particular employer or such other group of persons as is for the time being approved for the purposes of this section by the Board.
- (3) If at the time of the amalgamation referred to in subsection (1)(c) above—
- (a) section 461(2) applied to none of the registered friendly societies being amalgamated (if any), and
- (b) all of the incorporated friendly societies being amalgamated (if any) were qualifying societies,
the society formed by the amalgamation satisfies this subsection.
- (4) For the purposes of this section and section 461C, any group of persons which was approved for the purposes of this section (as mentioned in subsection (2) above) by the Friendly Societies Commission immediately before 1st December 2001 shall be treated as having been approved for the purposes of this section by the Board on that date.
##### 461B
- (1) Subject to the following provisions of this section, a qualifying society shall, on making a claim, be entitled to exemption from income tax and corporation tax (whether on income or chargeable gains) on its profits other than those arising from life or endowment business.
- (2) Subsection (1) above shall not apply to any profits arising or accruing to the society from, or by reason of its interest in, a body corporate which is a subsidiary (within the meaning of the Friendly Societies Act 1992) of the society or of which the society has joint control (within the meaning of that Act).
- (2A) Subsection (1) above shall not apply to any profits arising or accruing to the society from or by reason of its membership of a property investment LLP.
- (3) If an incorporated friendly society which is not a qualifying society makes a payment to a member in respect of his interest in the society and the payment is made otherwise than in the course of life or endowment business and exceeds the aggregate of any sums paid by him to the society by way of contributions or deposits, after deducting from that aggregate the amount of—
- (a) any previous payment so made to him by the society, and
- (b) any earlier repayment of such sums paid by him,
the excess shall be treated for the purposes of corporation tax and income tax as a qualifying distribution.
- (4) In relation to an incorporated friendly society which, immediately before its incorporation, was a registered friendly society to which section 461(2) applied—
- (a) the references in subsection (3) above to sums paid to the society shall include sums paid to the registered friendly society,
- (b) the reference in subsection (3)(a) above to any payment made by the society shall include any payment made by the registered friendly society after 26 March 1974 or such later date as was specified in any direction under section 461 (7) relating to it, and
- (c) the reference in subsection (3)(b) above to any repayment shall include any repayment made by the registered friendly society.
- (5) Where a qualifying society at any time ceases by virtue of section 91 of the Friendly Societies Act 1992 (conversion into company) to be registered under that Act, the company into which the society is converted shall be exempt from income tax or corporation tax on its profits arising from any part of its business, other than life or endowment business, which relates to contracts made before that time.
- (6) Subsection (5) above shall apply so long as there is no increase in the scale of benefits which the company undertakes to provide in the course of carrying on the relevant part of its business.
- (7) Any part of a company’s business to which an exemption under subsection (5) above relates shall be treated for the purposes of the Corporation Tax Acts as a separate business from any other business carried on by the company.
##### 461C
- (1) Subject to subsection (2) below, subsections (3) and (4) below apply where a qualifying society—
- (a) begins to carry on business other than life or endowment business, or
- (b) in the opinion of the Board, begins to carry on business other than life or endowment business on an enlarged scale or of a new character.
- (2) Subsections (3) and (4) below do not apply if—
- (a) the society’s business is limited to the provision, in accordance with the rules of the society, of benefits for or in respect of employees of a particular employer or such other group of persons as is for the time being approved for the purposes of section 461 or 461A by the Board, or
- (b) the society’s rules limit the aggregate amount which may be paid by a member by way of contributions and deposits to not more than £1 per month or such greater amount as is authorised for the purposes of section 461.
- (3) If it appears to the Board, having regard to the restrictions imposed by section 461 on registered friendly societies registered after 31st May 1973, that for the protection of the revenue it is expedient to do so, the Board may give a direction to the society under subsection (4) below.
- (4) A direction under this subsection is that (and has the effect that) the society to which it is given shall cease to be a qualifying society as from the date of the direction.
- (5) A society to which a direction is given may, within 30 days of the date on which it is given, appeal against the direction to the Special Commissioners on the ground that—
- (a) it has not begun to carry on business as mentioned in subsection (1) above;
- (b) subsections (3) and (4) above do not apply to it by reason of subsection (2) above; or
- (c) the direction is not necessary for the protection of the revenue.
##### 461D
- (1) Where—
- (a) at any time a friendly society (“*the transferee*”) acquires by way of transfer of engagements or amalgamation from another friendly society (“*the transferor*”) any business, other than life or endowment business, consisting of business which relates to contracts made before that time, and
- (b) immediately before that time the transferor was exempt from corporation tax on profits arising from that business,
the transferee is so exempt after that time.
- (2) But if during an accounting period of the transferee there is an increase in the scale of benefits which it undertakes to provide in the course of carrying on that business, the transferee shall not be exempt from corporation tax by virtue of subsection (1) above for that or any subsequent accounting period.
- (3) Where—
- (a) at any time a friendly society (“*the transferee*”) acquires by way of transfer of engagements or amalgamation from another friendly society (“*the transferor*”) any business, other than life or endowment business, consisting of business which relates to contracts made before that time, and
- (b) immediately before that time the transferor was not exempt from corporation tax on profits arising from that business,
the transferee is not so exempt after that time.
- (4) The Treasury may by regulations provide that, where any business of a friendly society is exempt from corporation tax by virtue of subsection (1) above, or not so exempt by virtue of subsection (3) above, the Corporation Tax Acts have effect subject to such modifications (or exceptions) as the Treasury consider appropriate.
- (5) Regulations under subsection (4) above—
- (a) may make different provision for different cases,
- (b) may include any incidental, supplementary, consequential or transitional provisions which the Treasury consider appropriate, and
- (c) may include retrospective provision.
##### 462A
- (1) Where a registered friendly society has tax exempt life or endowment business which includes contracts—
- (a) made before 20th March 1991, and
- (b) expressed at the outset not to be made in the course of such business,
the society may by notice to the inspector elect that section 460(1) shall not apply to so much of the profits arising from such business as is attributable to such contracts.
- (2) Where a registered friendly society has tax exempt life or endowment business which includes contracts falling within subsection (3) below, the society may by notice to the inspector elect that section 460(1) shall not apply to so much of the profits arising from such business as is attributable to such contracts.
- (3) A contract falls within this subsection if—
- (a) at the outset, it is neither expressed to be made in the course of tax exempt life or endowment business nor expressed not to be so made but is assumed by the society not to be so made, and
- (b) the policy issued in pursuance of it falls within paragraph 21(1)(b) of Schedule 15.
- (4) An election under subsection (2) above shall only be valid if the society satisfies the inspector (or the Commissioners on appeal) that it is possible to identify all the contracts to which the election relates.
- (5) If the inspector decides that he is not satisfied as mentioned in subsection (4) above, he shall give notice of his decision to the society; and section 42(3), (4) and (9) of, and paragraph 1(1) to (1E) of Schedule 2 to, the Management Act shall apply in relation to such a decision as they apply in relation to a decision of an inspector on a claim.
- (6) An election under subsection (1) or (2) above shall have effect for accounting periods ending on or after the day on which the Finance Act 1991 was passed.
- (7) No election under subsection (1) or (2) above may be made after 31st July 1992.
- (8) Where a friendly society has made an election under subsection (1) or (2) above, then, for any accounting period for which the election has effect—
- (a) section 460(1) shall apply to profits arising from life or endowment business which would have been included in the society’s tax exempt life or endowment business had no account been taken of the contracts to which the election relates, and
- (b) section 462(1), in its application to the society, shall have effect with the insertion after “societies” of “and all policies issued in pursuance of contracts to which an election under section 462A(1) or (2) relates”.
- (9) If a friendly society which (or a branch of which) has made an election under subsection (1) or (2) above becomes an incorporated friendly society, the election shall have effect in relation to the incorporated friendly society as it had effect in relation to the society (or branch) which made the election (and accordingly, in relation to accounting periods of the incorporated friendly society, “*the society*” in subsection (8)(a) and (b) above shall be read as referring to the incorporated friendly society).
#### Restrictions on the use of tax credits by pension funds.
##### 465A
- (1) This section applies where any assets of a branch of a registered friendly society have been identified in a scheme under section 6(5) of the Friendly Societies Act 1992 (property, rights etc. excluded from transfer to the society on its incorporation).
- (2) In relation to any time after the incorporation of the society, the assets shall be treated for the purposes of the Tax Acts as assets of the society (and, accordingly, any tax liability arising in respect of them shall be a liability of the society rather than of the branch).
- (3) Where, by virtue of this section, tax in respect of any of the assets becomes chargeable on and is paid by the society, the society may recover from the trustees in whom those assets are vested the amount of the tax paid.
##### 468AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200C
##### 468A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200D
##### 468B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200E
#### No tax credit for original owner under repurchase agreement in respect of certain manufactured dividends.
##### 468C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200F
##### 468D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200G
##### 468E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200H
#### Consequences of certain arrangements to pass on the value of a tax credit.
##### 468EE
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 200J
##### 468F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 201AA
##### 468G
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 201A
### Distributions of authorised unit trusts: general
##### 468H
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 202A
##### 468I
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 202B
### Dividend and foreign income distributions
##### 468J
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203A
##### 468K
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203B
### Interest distributions
##### 468L
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203C
#### Election by company paying dividend.
##### 468M
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203D
##### 468N
- (1) Subsection (2) below applies where—
- (a) an interest distribution is made for a distribution period to a unit holder; and
- (b) the gross income entered in the distribution accounts for the purposes of computing the total amount available for distribution to unit holders does not derive from eligible income entirely.
- (2) Where this subsection applies, the obligation to deduct under section 349(2) shall not apply to the relevant amount of the interest distribution to the unit holder if the residence condition is on the distribution date fulfilled with respect to him.
- (3) Section 468O makes provision with respect to the circumstances in which the residence condition is fulfilled with respect to a unit holder.
- (4) This is how to calculate the relevant amount of the interest distribution—
$$R=AxBC$Where—R = the relevant amount;A = the amount of the interest distribution before deduction of tax to the unit holder in question;B = such amount of the gross income as derives from eligible income;C = the amount of the gross income.$
- (5) In subsection (4) above the references to the gross income are references to the gross income entered as mentioned in subsection (1)(b) above.
##### 468O
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203E
##### 468P
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203F
##### 468PA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203FA
##### 468PB
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203FB
### Distributions to corporate unit holder
##### 468Q
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203G
##### 468R
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203H
##### 469A
- (1) The Tax Acts shall have effect in relation to any common investment fund established under section 42 of the Administration of Justice Act 1982 (common investment funds for money paid into court) as if—
- (a) the fund were an authorised unit trust;
- (b) the person who is for the time being the investment manager of the fund were the trustee of that authorised unit trust; and
- (c) the persons with qualifying interests were the unit holders in that authorised unit trust.
- (1A) For the purposes of subsection (1)(c) above, the persons with qualifying interests are—
- (a) in relation to shares in the fund held by the Accountant General, the persons whose interests entitle them, as against him, to share in the fund’s investments;
- (b) in relation to shares in the fund held by any other person authorised by the Lord Chancellor to hold such shares on behalf of others (an “authorised person”)—
- (i) if there are persons whose interests entitle them, as against the authorised person, to share in the fund’s investments, those persons;
- (ii) if not, the authorised person;
- (c) in relation to shares in the fund held by persons authorised by the Lord Chancellor to hold such shares on their own behalf, those persons.
- (2) In this section “*the Accountant General*” means . . . the Accountant General of the Supreme Court of Judicature in England and Wales or the Accountant General of the Supreme Court of Judicature of Northern Ireland.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 472A
- (1) This section applies in relation to securities—
- (a) which are held by a company carrying on a banking business, an insurance business or a business consisting wholly or partly in dealing in securities; and
- (b) which are such that a profit on their sale would form part of the trading profits of that business.
- (2) Profits and losses arising from such securities that in accordance with generally accepted accounting practice are—
- (a) calculated by reference to the fair value of the securities, and
- (b) recognised in that company's statement of recognised gains and losses or statement of changes in equity,
shall be brought into account in computing the profits or losses of a business in accordance with the provisions of this Act applicable to Case I of Schedule D.
- (3) Subsection (2) does not apply—
- (a) to an amount to the extent that it derives from or otherwise relates to an amount brought into account under that subsection in an earlier period of account, or
- (b) to an amount recognised for accounting purposes by way of correction of a fundamental error.
- (4) In this section, “securities”—
- (a) includes shares and any rights, interests or options that by virtue of section 99, 135(5) or 136(5) of the Taxation of Chargeable Gains Act 1992 are treated as shares for the purposes of sections 126 to 136 of that Act; but
- (b) does not include a loan relationship (within the meaning of Chapter 2 of Part 4 of the Finance Act 1996).
##### 477A
- (1) The Board may by regulations make provision with respect to any year of assessment requiring any building society—
- (a) in such cases as may be prescribed by the regulations to deduct out of any dividend or interest paid or credited in the year in respect of shares in, or deposits with or loans to, the society a sum representing the amount of income tax on it, and
- (b) to account for and pay any amount required to be deducted by the society by virtue of this subsection.
- (1A) Regulations under subsection (1) above may not make provision with respect to any dividend or interest paid or credited, on or after the day on which the Finance Act 1991 was passed, in respect of a security (other than a qualifying certificate of deposit and other than a qualifying deposit right) which was quoted, or capable of being listed, on a recognised stock exchange at the time the dividend or interest became payable.
- (2) Regulations under subsection (1) above may—
- (a) make provision with respect to the furnishing of information by building societies or their investors, including, in the case of societies, the inspection of books, documents and other records on behalf of the Board;
- (b) contain such incidental and consequential provisions as appear to the Board to be appropriate, including provisions requiring the making of returns.
- (2A) Without prejudice to the generality of subsection (2)(a) above, regulations under subsection (1) above may make provision with respect to the furnishing of information to or by building societies corresponding to any provision that is made by, or may be made under, section 482 with respect to the furnishing of information to or by deposit-takers.
- (3) For any year of assessment to which regulations under subsection (1) above apply, dividends or interest payable in respect of shares in, or deposits with or loans to, a building society shall be dealt with for the purposes of corporation tax as follows—
- (a) to the extent that it would not otherwise fall to be so regarded, liability to pay the dividends or interest shall be treated for the purposes of Chapter II of Part IV of the Finance Act 1996 as a liability arising under a loan relationship of the building society;
- (aa) if the dividends or interest are payable to a company, then, to the extent that they would not otherwise fall to be so regarded, they shall be treated for those purposes as payable to that company in pursuance of a right arising under a loan relationship of that company;
- (b) no part of any such dividends or interest paid or credited in the year of assessment shall be treated as a distribution of the society or as franked investment income of any company resident in the United Kingdom.
- (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) Subsection (3)(a) above shall apply to any interest paid by the society under a certified SAYE savings arrangement as if it were a dividend on a share in the society.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) Notwithstanding anything in sections 348 to 350, for any year of asessment to which regulations under subsection (1) above apply income tax shall not be deducted upon payment to the society of any interest on advances, being interest payable in that year.
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) In this section “*dividend*” has the meaning given by regulations under subsection (1) above . . . .
- (10) In this section—
- “*certified SAYE savings arrangement*” has the meaning given by section 703 of ITTOIA 2005
- “*qualifying certificate of deposit*” has the same meaning as in section 349, and
- “*qualifying deposit right*” has the meaning given by section 349(4), reading “paid” as “paid or credited”, and
- “*security*” includes share.
##### 477B
- (1) In computing for the purposes of corporation tax the income of a building society from the trade carried on by it, there shall be allowed as a deduction, if subsection (2) below applies, the incidental costs of obtaining finance by means of issuing shares in the society which are qualifying shares.
- (1A) A deduction shall not be allowed by virtue of subsection (1) above to the extent that the costs in question fall to be brought into account as debits for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships).
- (2) This subsection applies if any amount payable in respect of the shares by way of dividend or interest is deductible in computing for the purposes of corporation tax the income of the society from the trade carried on by it.
- (3) In subsection (1) above, “*the incidental costs of obtaining finance*” means expenditure on fees, commissions, advertising, printing and other incidental matters (but not including stamp duty), being expenditure wholly and exclusively incurred for the purpose of obtaining the finance (whether or not it is in fact obtained), or of providing security for it or of repaying it.
- (4) This section shall not be construed as affording relief—
- (a) for any sums paid in consequence of, or for obtaining protection against, losses resulting from changes in the rate of exchange between different currencies, or
- (b) for the cost of repaying qualifying shares so far as attributable to their being repayable at a premium or to their having been issued at a discount.
- (5) In this section—
- “*dividend*” has the same meaning as in section 477A, and
- “*qualifying share*” has the same meaning as in section 117(4) of the 1992 Act.
##### 480A
- (1) Any deposit-taker making a payment of interest in respect of a relevant deposit shall, on making the payment, deduct out of it a sum representing the amount of income tax on it for the year of assessment in which the payment is made.
- (2) Any payment of interest out of which an amount is deductible under subsection (1) above shall be a relevant payment for the purposes of Schedule 16 whether or not the deposit-taker making the payment is resident in the United Kingdom.
- (3) Schedule 16 shall apply in relation to any payment which is a relevant payment by virtue of subsection (2) above—
- (a) with the substitution for any reference to a company of a reference to a deposit-taker,
- (b) as if paragraph 5 applied only in relation to payments received by the deposit-taker and falling to be taken into account in computing his income chargeable to corporation tax, and
- (c) as if in paragraph 7 the reference to section 7(2) included a reference to sections 11(3) and 349(1).
- (4) In relation to any deposit-taker who is not a company, Schedule 16 shall have effect as if—
- (a) paragraph 5 were omitted, and
- (b) references to accounting periods were references to periods for which the deposit-taker makes up his accounts.
- (5) For the purposes of this section, crediting interest shall be treated as paying it.
##### 480B
- (1) The Board may by regulations provide that section 480A(1) shall not apply as regards a payment of interest if such conditions as may be prescribed by the regulations are fulfilled.
- (2) In particular, the regulations may include—
- (a) provision for a certificate to be supplied to the effect that the person beneficially entitled to a payment is unlikely to be liable to pay any amount by way of income tax for the year of assessment in which the payment is made;
- (b) provision for the certificate to be supplied by that person or such other person as may be prescribed by the regulations;
- (c) provision about the time when, and the manner in which, a certificate is to be supplied;
- (d) provision about the form and contents of a certificate.
- (3) Any provision included under subsection (2)(d) above may allow the Board to make requirements, in such manner as they see fit, as to the matters there mentioned.
- (4) For the purposes of this section, crediting interest shall be treated as paying it.
#### Returns.
##### 480C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203I
#### “Gross rate” and “gross amount” of distributions to include ACT.
##### 482A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203J
### PETROLEUM EXTRACTION ACTIVITIES
##### 494AA
- (1) This section applies where—
- (a) a company (“*the seller*”) carrying on a trade has disposed of an asset which was used for the purposes of that trade, or an interest in such an asset;
- (b) the asset is used, under a lease, by the seller or a company associated with the seller (“*the lessee*”) for the purposes of a ring fence trade carried on by the lessee; and
- (c) the lessee uses the asset before the end of the period of two years beginning with the disposal.
- (2) Subject to subsection (4) below, subsection (3) below applies to so much (if any) of the expenditure incurred by the lessee under the lease as—
- (a) falls, in accordance with generally accepted accounting practice, to be treated in the accounts of the lessee as a finance charge;. . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) The expenditure shall not be allowable in computing for the purposes of Schedule D the profits of the ring fence trade.
- (4) Expenditure shall not be disallowed by virtue of subsection (3) above to the extent that the disposal referred to in subsection (1) above is made for a consideration which—
- (a) is used to meet expenditure incurred by the seller in carrying on oil extraction activities or in acquiring oil rights otherwise than from a company associated with the seller; or
- (b) is appropriated to meeting expenditure to be so incurred by the seller.
- (5) Where any expenditure—
- (a) would apart from subsection (3) above be allowable in computing for the purposes of Schedule D the profits of the ring fence trade for an accounting period, but
- (b) by virtue of that subsection is not so allowable,
that expenditure shall be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 as if it were a non-trading debit in respect of a loan relationship of the lessee for that accounting period.
- (6) In this section, “*lease*”, in relation to an asset, has the same meaning as in sections 781 to 784.
##### 494A
- (1) In section 403(3) (availability of charges, Schedule A losses and management expenses for surrender as group relief) the reference to the gross profits of the surrendering company for an accounting period does not include the company’s relevant ring fence profits for that period.
- (2) If for that period—
- (a) there are no charges on income paid by the company that are allowable under section 338, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
all the company’s ring fence profits are relevant ring fence profits.
- (3) In any other case the company’s relevant ring fence profits are so much of its ring fence profits as exceeds the amount of the charges on income paid by the company as—
- (a) are allowable under section 338 for that period, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 496A
Schedule 19B to this Act (exploration expenditure supplement) shall have effect.
##### 496B
Schedule 19C to this Act (ring fence expenditure supplement) shall have effect.
#### Meaning of “adjusted net income”
##### 501A
- (1) Where in any accounting period beginning on or after 17th April 2002 a company carries on a ring fence trade, a sum equal to 10 per cent of its adjusted ring fence profits for that period shall be charged on the company as if it were an amount of corporation tax chargeable on the company.
- (2) A company’s adjusted ring fence profits for an accounting period are the amount which, on the assumption mentioned in subsection (3) below, would be determined for that period (in accordance with this Chapter) as the profits of the company’s ring fence trade chargeable to corporation tax.
- (3) The assumption is that financing costs are left out of account in computing—
- (a) the amount of the profits or loss of any ring fence trade of the company’s for each accounting period beginning on or after 17th April 2002; and
- (b) where for any such period the whole or part of any loss relief is surrendered to the company in accordance with section 492(8), the amount of that relief or, as the case may be, that part.
- (4) For the purposes of this section, “*financing costs*” means the costs of debt finance.
- (5) In calculating the costs of debt finance for an accounting period the matters to be taken into account include—
- (a) any costs giving rise to debits in respect of debtor relationships of the company under Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) , other than debits in respect of exchange losses from such relationships (see section 103(1A) and (1B) of that Act);
- (b) any exchange gain or loss from a debtor relationship, within the meaning of that Chapter (see section 103(1A) and (1B) of that Act), in relation to debt finance;
- (c) any credit or debit falling to be brought into account under Schedule 26 to the Finance Act 2002 (derivative contracts) in relation to debt finance;
- (d) the financing cost implicit in a payment under a finance lease; and
- (e) any other costs arising from what would be considered in accordance with generally accepted accounting practice to be a financing transaction.
- (6) Where an amount representing the whole or part of a payment falling to be made by a company—
- (a) falls (or would fall) to be treated as a finance charge under a finance lease for the purposes of accounts relating to that company and one or more other companies and prepared in accordance with generally accepted accounting practice, but
- (b) is not so treated in the accounts of the company,
the amount shall be treated for the purposes of this section as financing costs falling within subsection (5)(d) above.
- (7) If—
- (a) in computing the adjusted ring fence profits of a company for an accounting period, an amount falls to be left out of account by virtue of subsection (5)(d) above, but
- (b) the whole or any part of that amount is repaid,
the repayment shall also be left out of account in computing the adjusted ring fence profits of the company for any accounting period.
- (8) In this section “*finance lease*” means any arrangements—
- (a) which provide for an asset to be leased or otherwise made available by a person to another person (“*the lessee*”), and
- (b) which, under generally accepted accounting practice,—
- (i) fall (or would fall) to be treated, in the accounts of the lessee or a person connected with the lessee, as a finance lease or a loan, or
- (ii) are comprised in arrangements which fall (or would fall) to be so treated.
- (9) For the purposes of applying subsection (8)(b) above, the lessee and any person connected with the lessee are to be treated as being companies which are incorporated in a part of the United Kingdom.
- (10) In this section “*accounts*”, in relation to a company, includes any accounts which—
- (a) relate to two or more companies of which that company is one, and
- (b) are drawn up in accordance with generally accepted accounting practice.
##### 501B
- (1) Subject to subsection (3) below, the provisions of section 501A(1) relating to the charging of a sum as if it were an amount of corporation tax shall be taken as applying, subject to the provisions of the Taxes Acts, and to any necessary modifications, all enactments applying generally to corporation tax, including—
- (a) those relating to returns of information and the supply of accounts, statements and reports;
- (b) those relating to the assessing, collecting and receiving of corporation tax;
- (c) those conferring or regulating a right of appeal; and
- (d) those concerning administration, penalties, interest on unpaid tax and priority of tax in cases of insolvency under the law of any part of the United Kingdom.
- (2) Accordingly (but without prejudice to subsection (1) above) the Management Act shall have effect as if any reference to corporation tax included a reference to a sum chargeable under section 501A(1) as if it were an amount of corporation tax.
- (3) In any regulations made under section 32 of the Finance Act 1998 (as at 17th April 2002, the Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) Regulations 1999)—
- (a) references to corporation tax do not include a reference to a sum chargeable on a company under section 501A(1) as if it were corporation tax; and
- (b) references to profits charged to corporation tax do not include a reference to adjusted ring fence profits, within the meaning of section 501A(1).
- (4) In this section “*the Taxes Acts*” has the same meaning as in the Management Act.
### Chapter 5A — Special rules for long funding leases of plant or machinery: corporation tax
### Introductory
##### 502A
This Chapter has effect for the purposes of corporation tax only.
### Lessors under long funding finance leases
##### 502B
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account in which it is the lessor of any plant or machinery under a long funding finance lease.
- (2) The amount to be brought into account as the lessor's taxable income from the lease for the period of account is the amount of the rental earnings in respect of the lease for the period of account.
- (3) The “rental earnings” for any period is the amount which, in accordance with generally accepted accounting practice, falls (or would fall) to be treated as the gross return on investment for that period in respect of the lease where it meets the finance lease test.
- (4) If the lease is one which, under generally accepted accounting practice, falls (or would fall) to be treated as a loan in the accounts in question, so much of the rentals under the lease as fall (or would fall) to be treated as interest are to be treated for the purposes of this section as rental earnings.
##### 502C
- (1) This section applies for determining for the purposes of corporation tax the profits of a company which is or has been the lessor under a long funding finance lease.
- (2) This section has effect where a profit or loss (whether of an income or capital nature)—
- (a) arises to the company in connection with the lease, and
- (b) in accordance with generally accepted accounting practice falls to be recognised for accounting purposes in a period of account, but
- (c) would not, apart from this section, be brought into account in computing the profits of the company for the purposes of corporation tax.
- (3) The profit or loss is to be treated—
- (a) in the case of a profit, as income of the company attributable to the lease,
- (b) in the case of a loss, as a revenue expense incurred by the company in connection with the lease.
- (4) Any reference in this section to an amount falling to be recognised for accounting purposes in a period of account is a reference to an amount falling to be recognised for accounting purposes—
- (a) in the company's profit and loss account or income statement,
- (b) in the company's statement of recognised gains and losses or statement of changes in equity, or
- (c) in any other statement of items brought into account in computing the company's profits or losses for that period.
##### 502D
- (1) This section applies for determining the liability to corporation tax of a company which is or has been the lessor under a long funding finance lease.
- (2) Where—
- (a) the lease terminates, and
- (b) a sum calculated by reference to the termination value is paid to the lessee,
no deduction in respect of the sum paid to the lessee is allowed in computing the profits of the company.
- (3) This section does not prevent a deduction in respect of a sum to the extent that the sum is brought into account in determining the company's rental earnings.
### Lessors under long funding operating leases
##### 502E
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account—
- (a) for the whole of which, or
- (b) for any part of which,
the company is the lessor of any plant or machinery under a long funding operating lease.
- (2) A deduction is allowed in computing the profits of the company for the period of account.
- (3) The amount of the deduction for any period of account is to be determined as follows.
- (4) First, find the “*relevant value*” for the purposes of subsection (6)(a) below, which is—
- (a) if the only use of the plant or machinery by the lessor has been the leasing of it under the long funding operating lease as a qualifying activity, cost;
- (b) if the last previous use of the plant or machinery by the lessor was the leasing of it under another long funding operating lease as a qualifying activity, market value;
- (c) if the last previous use of the plant or machinery by the lessor was the leasing of it under a long funding finance lease as a qualifying activity, the recognised value;
- (d) if the last previous use of the plant or machinery by the lessor was for the purposes of a qualifying activity other than leasing under a long funding lease, the lower of cost and market value;
- (e) if the lessor owns the plant or machinery as a result of having incurred expenditure on its provision for purposes other than those of a qualifying activity, but—
- (i) the plant or machinery is brought into use by the lessor for the purposes of a qualifying activity on or after 1st April 2006, and
- (ii) that qualifying activity is the leasing of the plant or machinery under the long funding operating lease,
the relevant value is the lower of first use market value and first use amortised value.
- (5) In subsection (4) above—
- “*cost*” means the amount of the expenditure incurred by the lessor on the provision of the plant or machinery;
- “*first use amortised value*” means the value that the plant or machinery would have at the time when it is first brought into use for the purposes of the qualifying activity, on the assumption that—the cost of acquiring the plant or machinery had been written off on a straight line basis over the remaining useful economic life of the plant or machinery, andany further capital expenditure incurred had been written off on a straight line basis over so much of the remaining economic life of the plant or machinery as remains at the time when the expenditure is incurred;
- “*first use market value*” means the market value of the plant or machinery at the time when it is first brought into use for the purposes of the qualifying activity;
- “*market value*” means the market value of the plant or machinery at the commencement of the term of the long funding operating lease;
- “*recognised value*” means the value at which the plant or machinery is recognised in the books or other financial records of the lessor at the commencement of the long funding operating lease.
- (6) From—
- (a) the relevant value determined in accordance with subsection (4) above,
subtract
- (b) the amount which, at the commencement of the term of the lease, is (or, in a case falling within subsection (4)(e) above, would have been) expected to be the residual value of the plant or machinery,
to find the expected gross reduction in value over the term of the lease.
- (7) Apportion the amount of that expected gross reduction in value to each period of account in which any part of the term of the lease falls.
- (8) The apportionment must be on a time basis according to the proportion of the term of the lease that falls in each period of account.
- (9) The amount of the deduction for any period of account is the amount so apportioned to that period.
##### 502F
- (1) This section applies if in any period of account—
- (a) a company is the lessor of any plant or machinery under a long funding operating lease,
- (b) the company incurs capital expenditure in relation to the plant or machinery, and
- (c) that capital expenditure (the “additional expenditure”) is not reflected in the market value of the plant or machinery at the commencement of the term of the lease.
- (2) In a case falling within section 502E(4)(e) above, subsection (1)(c) above has effect as if the reference to the commencement of the term of the lease were a reference to the time when the plant or machinery is first brought into use by the lessor for the purposes of the qualifying activity.
- (3) Where this section applies, an additional deduction is allowed in computing the profits of the company for each post-expenditure period of account in which the company is the lessor of the plant or machinery under the lease.
- (4) The amount of the deduction for any such period of account is to be determined as follows.
- (5) Find ARV, CRV, PRV, and TRV where—
- “ARV” is the amount which, at the time when the additional expenditure is incurred, is expected to be the residual value of the plant or machinery;
- “CRV” is the amount which, at the commencement of the term of the lease, is expected to be the residual value of the plant or machinery;
- “PRV” is the sum of any amounts that fell to be taken into account as RRV (see subsection (6)) in the application of this section in relation to any previous additional expenditure incurred by the company in relation to the leased plant or machinery;
- “TRV” is the total of CRV and PRV.
- (6) Find RRV, where—
- (a) if ARV exceeds TRV, RRV is the portion of the excess that is a result of the additional expenditure, but
- (b) if ARV does not exceed TRV, RRV is nil.
- (7) From—
- (a) the amount of the additional expenditure,
subtract
- (b) RRV,
to find the expected partial reduction in value over the remainder of the term of the lease.
- (8) Apportion the amount of that expected partial reduction in value to each post-expenditure period of account in which any part of the term of the lease falls.
- (9) The apportionment must be on a time basis according to the proportion of the term of the lease that falls in each post-expenditure period of account.
- (10) The amount of the additional deduction for any period of account is the amount so apportioned to that period.
- (11) In this section “*post-expenditure period of account*” means any period of account ending after the incurring of the additional expenditure.
##### 502G
- (1) This section applies for determining the liability to corporation tax of a company which is the lessor immediately before the termination of a long funding operating lease.
- (2) Step 1 is to find—
- (a) the termination amount (TA);
- (b) the total of any sums paid to the lessee that are calculated by reference to the termination value (LP).
- (3) Step 2 is to find—
- (a) the relevant value for the purposes of section 502E(6)(a) (RV);
- (b) the total of the deductions allowable under section 502E for periods of account for the whole or part of which the company was the lessor before the termination of the lease (TD1);
- (c) the amount, if any, (ERV) by which RV exceeds TD1.
- (4) Step 3 is to find—
- (a) the total of any amounts of capital expenditure incurred by the company which constitute additional expenditure for the purposes of section 502F in the case of the lease (TAE);
- (b) the total of any deductions allowable under section 502F for periods of account for the whole or part of which the company was the lessor before the termination of the lease (TD2);
- (c) the amount, if any, (EAE) by which TAE exceeds TD2.
- (5) Step 4 is to find the total of ERV and EAE (T).
- (6) If (TA – LP) exceeds T, treat a profit of an amount equal to the excess as arising to the company in the period of account in which the lease terminates.
- (7) If T exceeds (TA – LP), treat a loss of an amount equal to the excess as arising to the company in that period of account.
- (8) A profit or loss treated as arising to the company under subsection (6) or (7) above is to be treated—
- (a) in the case of a profit, as income of the company attributable to the lease,
- (b) in the case of a loss, as a revenue expense incurred by the company in connection with the lease.
- (9) In computing the profits of the company, no deduction is allowed in respect of any sums paid to the lessee that are calculated by reference to the termination value.
### Lessors under long funding finance or operating leases: avoidance etc
#### Meaning of “the minimum amount”
##### 502GA
- (1) Sections 502B to 502G do not apply in the case of a company which is or has been the lessor of any plant or machinery under a long funding lease if the following condition is met.
- (2) The condition is that any part of the expenditure incurred by the company on the acquisition of the plant or machinery for leasing under the lease—
- (a) is (apart from those sections) allowable as a deduction in calculating its profits or losses for the purposes of corporation tax, and
- (b) is so allowable as a result of the plant or machinery forming part of its trading stock.
- (3) For the purposes of this section the cases in which expenditure incurred by a company on the acquisition of any plant or machinery for leasing under a lease is allowable as such a deduction include any case where—
- (a) the company becomes entitled to the deduction at any time after the expenditure is incurred, and
- (b) the deduction arises as a result of the plant or machinery forming part of its trading stock at that time.
- (4) If—
- (a) at any time any of sections 502B to 502G has applied for determining the amounts to be taken into account in calculating the profits or losses of the company for the purposes of corporation tax, and
- (b) the condition in subsection (2) is met at any subsequent time,
those amounts, and any other amounts which (as a result of this section) are to be so taken into account, are subject to such adjustments as are just and reasonable.
- (5) All such assessments and adjustments of assessments are to be made as are necessary to give effect to subsection (4).
##### 502GB
- (1) This section applies if—
- (a) a company is the lessee of any plant or machinery under a lease (“lease A”) that is not a long funding lease,
- (b) it enters into a lease (“lease B”) of any of that plant or machinery (as lessor), and
- (c) lease B is a long funding lease.
- (2) Sections 502B to 502G do not apply in relation to lease B.
- (3) If by virtue of section 70H of the Capital Allowances Act (tax return by lessee treating lease as long funding lease) lease A becomes a long funding lease (and does not cease to be such a lease), treat this section as never having applied in relation to lease B.
##### 502GC
- (1) Sections 502B to 502G do not apply in the case of a company which is or has been the lessor of any plant or machinery under a long funding lease if conditions A to C are met.
- (2) Condition A is that the long funding lease forms part of any arrangement entered into by the company which includes one or more other transactions (whether the arrangement is entered into before or after or at the inception of the lease).
- (3) Condition B is that the main purpose, or one of the main purposes, of the arrangement is to secure that, over the relevant period, there would be a substantial difference between—
- (a) the total amount of the amounts under the arrangement which are, in accordance with generally accepted accounting practice, recognised in determining the company's profit or loss for any period or taken into account in calculating the amounts which are so recognised, and
- (b) the total amount of the amounts under the arrangement which are taken into account in calculating the profits or losses of the company for the purposes of corporation tax.
- (4) For the purposes of condition B “*the relevant period*” means the period which begins with the inception of the lease and ends with the end of the term of the lease.
- (5) Condition C is that the difference would be attributable (wholly or partly) to the application of any of sections 502B to 502G in relation to the company by reference to the plant or machinery under the lease.
- (6) The reference in this section to an amount being recognised in determining a company's profit or loss for a period is to an amount being recognised for accounting purposes—
- (a) in the company's profit and loss account or income statement,
- (b) in the company's statement of recognised gains and losses or statement of changes in equity, or
- (c) in any other statement of items brought into account in calculating the company's profits and losses for that period.
- (7) For the purposes of this section it does not matter whether the parties to any transaction which forms part of the arrangement differ from the parties to any of the other transactions.
- (8) For the purposes of this section the cases in which two or more transactions are to be taken as forming part of an arrangement include any case in which it would be reasonable to assume that one or more of them—
- (a) would not have been entered into independently of the other or others, or
- (b) if entered into independently of the other or others, would not have taken the same form or been on the same terms.
- (9) If—
- (a) at any time any of sections 502B to 502G has applied for determining the amounts to be taken into account in calculating the profits or losses of the company for the purposes of corporation tax, and
- (b) conditions A to C are met at any subsequent time,
those amounts, and any other amounts which (as a result of this section) are to be so taken into account, are subject to such adjustments as are just and reasonable.
- (10) All such assessments and adjustments of assessments are to be made as are necessary to give effect to subsection (9).
##### 502GD
- (1) If a company is or has been a lessor under a long funding lease of a film, sections 502B to 502G do not apply in respect of the lease.
- (2) “*Film*” has the same meaning as in Part 15 of CTA 2009 (see section 1181 of that Act).
### Insurance company as lessor
##### 502H
- (1) This section applies to a company carrying on life assurance business if it is the lessor under a long funding lease in a period of account.
- (2) In this section—
- (a) subsections (3) to (7) have effect in relation to—
- (i) basic life assurance and general annuity business, and
- (ii) long-term business which is not life assurance business, and
- (b) subsections (8) to (10) have effect in relation to certain computations falling to be made in accordance with the provisions of this Act applicable to Case I of Schedule D.
- (3) Subsection (4) below applies in the case of each of the following amounts—
- (a) an amount of rental earnings which the company is required by section 502B (long funding finance lease) to bring into account as taxable income,
- (b) an amount treated under section 502C(3)(a) (long funding finance lease: lessor's exceptional items) as a profit arising to the company,
- (c) an amount of rental income arising to the company from a long funding operating lease,
- (d) an amount treated under section 502G(8)(a) (long funding operating lease: lessor's excess termination amount) as a profit arising to the company,
but only if the leased asset is an asset of the company's long-term insurance fund.
- (4) In determining for the purposes of the Corporation Tax Acts in any such case the extent to which any such amount is referable to—
- (a) basic life assurance and general annuity business, or
- (b) long-term business which is not life assurance business,
section 432A (apportionment of insurance companies' income) is to have effect in relation to the amount as it has effect in relation to the income arising from an asset.
This subsection is subject to subsections (5) and (6) below.
- (5) Before applying subsection (4) above in a case where—
- (a) that subsection applies by virtue of subsection (3)(a) above in relation to an amount of rental earnings, and
- (b) there is an amount which is deductible as a revenue expense by virtue of section 502C(3)(b) (long funding finance lease: lessor's exceptional items),
the amount so deductible is to be given effect by applying it, so far as possible, in reducing the amount of the rental earnings.
- (6) Before applying subsection (4) above by virtue of subsection (3)(c) above in relation to an amount of rental income,—
- (a) any deduction falling to be made under section 502E, or
- (b) any reduction falling to be made under section 502F,
is to be given effect by applying it, so far as possible, in reducing (or further reducing) the amount of the rental income.
- (7) Where, after applying amounts in making reductions required by subsection (5) or (6) above, there remains unapplied an amount in respect of—
- (a) a deduction falling to be made under section 502E,
- (b) a reduction falling to be made under section 502F, or
- (c) an amount deductible as a revenue expense by virtue of section 502C(3)(b),
the amount is to be apportioned under section 432A in the same way as income.
- (8) Where—
- (a) the leased asset is an asset of the company's long-term insurance fund, and
- (b) a computation falling within subsection (9) below falls to be made,
subsection (10) below applies to the computation.
- (9) A computation falls within this subsection if it is a computation of profits of—
- (a) life assurance business carried on by the company, or
- (b) any category of life assurance business carried on by the company,
and falls to be made in accordance with the provisions of this Act applicable to Case I of Schedule D.
- (10) In making the computation, no amount shall be brought into account by virtue of any of the following provisions—
- (a) section 502B (long funding finance lease: rental earnings),
- (b) section 502C(3)(a) or (b) (long funding finance lease: profit or loss in respect of exceptional items),
- (c) section 502E (long funding operating lease: periodic deduction),
- (d) section 502F (long funding operating lease: lessor's additional expenditure),
- (e) section 502G(8)(a) or (b) (long funding operating lease: lessor's profit or loss in respect of termination amount).
### Lessees under long funding finance leases
#### Elections as to transfer of relief under section 257A or 257AB.
##### 502I
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account in which it is the lessee of any plant or machinery under a long funding finance lease.
- (2) In calculating the company's profits for the period of account,—
- (a) the amount deducted in respect of amounts payable under the lease,
must not exceed
- (b) the amounts which, in accordance with generally accepted accounting practice, fall (or would fall) to be shown in the company's accounts as finance charges in respect of the lease.
- (3) If the lease is one which, under generally accepted accounting practice, falls (or would fall) to be treated as a loan, subsection (2) above applies as if the lease were one which, under generally accepted accounting practice, fell to be treated as a finance lease.
##### 502J
- (1) This section applies where—
- (a) a company is or has been the lessee under a long funding finance lease, and
- (b) in connection with the termination of the lease, a payment calculated by reference to the termination value falls to be made to the company.
- (2) The payment is not to be brought into account in determining for the purposes of corporation tax the profits of the company for any period of account.
- (3) Subsection (2) above does not affect the amount of any disposal value that falls to be brought into account by the company under the Capital Allowances Act.
### Lessees under long funding operating leases
##### 502K
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account in which it is the lessee of any plant or machinery under a long funding operating lease.
- (2) The deductions that may be allowed in computing the profits of the company for the period of account are to be reduced in accordance with the following provisions of this section.
- (3) The amount of the reduction for any period of account is to be determined as follows.
- (4) First, find the “*relevant value*” for the purposes of subsection (6)(a) below, which is—
- (a) the market value of the plant or machinery at the commencement of the term of the lease, unless paragraph (b) below applies;
- (b) if the lessee—
- (i) has the use of the plant or machinery as a result of having incurred expenditure on its provision for purposes other than those of a qualifying activity, but
- (ii) brings the plant or machinery into use for the purposes of a qualifying activity on or after 1st April 2006,
the lower of first use market value and first use amortised market value.
- (5) In subsection (4) above—
- “*first use amortised market value*” means the value that the plant or machinery would have—at the time when it is first brought into use for the purposes of the qualifying activity, buton the assumption that the market value of the plant or machinery at the commencement of the term of the lease had been written off on a straight line basis over the remaining useful economic life of the plant or machinery;
- “*first use market value*” means the market value of the plant or machinery at the time when it is first brought into use for the purposes of the qualifying activity.
- (6) From—
- (a) the relevant value determined in accordance with subsection (4) above,
subtract
- (b) the amount which, at the commencement of the term of the lease, is (or, in a case falling within subsection (4)(b) above, would have been) expected to be the market value of the plant or machinery at the end of the term of the lease,
to find the expected gross reduction over the term of the lease.
- (7) Apportion the amount of that expected gross reduction to each period of account in which any part of the term of the lease falls.
- (8) The apportionment must be on a time basis according to the proportion of the term of the lease that falls in each period of account.
- (9) The amount of the reduction for any period of account is the amount so apportioned to that period.
### Interpretation of Chapter
##### 502L
- (1) This section has effect for the interpretation of this Chapter.
- (2) In this Chapter—
- “*qualifying activity*” has the same meaning as in Part 2 of the Capital Allowances Act;
- “*residual value*”, in relation to any plant or machinery leased under a long funding operating lease, means—the estimated market value of the plant or machinery on a disposal at the end of the term of the lease,lessthe estimated costs of that disposal.
- (3) Any reference in this Chapter to a sum being written off on a straight line basis over a period of time (the “writing-off period”) is a reference to—
- (a) the sum being apportioned between each of the periods of account in which any part of the writing-off period falls,
- (b) that apportionment being made on a time basis, according to the proportion of the writing-off period that falls in each of the periods of account, and
- (c) the sum being written off accordingly.
- (4) Chapter 6A of Part 2 of the Capital Allowances Act (interpretation of provisions about long funding leases) applies in relation to this Chapter as it applies in relation to that Part.
##### 504A
- (1) For the purposes specified in subsection (2)—
- (a) a UK property business which consists in, or so far as it consists in, the commercial letting of furnished holiday accommodation is treated as if it were a trade the profits of which are chargeable to income tax under Part 2 of ITTOIA 2005, and
- (b) all such lettings made by a particular person or partnership or body of persons are treated as one trade.
The “*commercial letting of furnished holiday accommodation*” has the same meaning as it has for the purposes of Chapter 6 of Part 3 of ITTOIA 2005.
- (2) Subsection (1) applies for the purposes of—
- (a) Chapter 1 of Part 10 (loss relief for income tax),
- (b) section 833(4)(c) (income regarded as earned income), and
- (c) section 189(2)(b) of the Finance Act 2004 (income regarded as relevant UK earnings for pension purposes).
- (3) Chapter 1 of Part 10 as applied by this section has effect with the following adaptations—
- (a) no relief is to be given to an individual under section 381 (relief for losses in early years of trade) in respect of a year of assessment if any of the accommodation in respect of which the trade is carried on in that year was first let by that person as furnished accommodation more than three years before the beginning of that year of assessment;
- (b) section 384 (restrictions on right of set-off) has effect with the omission of subsections (6) to (8) (which relate to certain losses attributable to capital allowances);
- (c) section 390 (treatment of interest as loss) has effect as if the reference to a trade carried on wholly or partly in the United Kingdom were a reference to the UK property business so far as it is treated as a trade.
- (4) If there is a letting of accommodation only part of which is holiday accommodation, such apportionments are to be made for the purposes of this section as are just and reasonable.
- (5) Relief is not to be given for the same loss, or the same portion of a loss, both under a provision of Chapter 1 of Part 10 as applied by this section and under any other provision of the Income Tax Acts.
#### Transfer of relief under section 257A where relief exceeds income.
#### Transfer of relief under section 257A.
##### 506A
- (1) This section applies to the following transactions—
- (a) the sale or letting of property by a charity to a substantial donor,
- (b) the sale or letting of property to a charity by a substantial donor,
- (c) the provision of services by a charity to a substantial donor,
- (d) the provision of services to a charity by a substantial donor,
- (e) an exchange of property between a charity and a substantial donor,
- (f) the provision of financial assistance by a charity to a substantial donor,
- (g) the provision of financial assistance to a charity by a substantial donor, and
- (h) investment by a charity in the business of a substantial donor.
- (2) For the purposes of this section a person is a substantial donor to a charity in respect of a chargeable period if—
- (a) the charity receives relievable gifts of at least £25,000 from him in a period of 12 months in which the chargeable period wholly or partly falls, or
- (b) the charity receives relievable gifts of at least £100,000 from him in a period of six years in which the chargeable period wholly or partly falls;
and if a person is a substantial donor to a charity in respect of a chargeable period by virtue of paragraph (a) or (b), he is a substantial donor to the charity in respect of the following five chargeable periods.
- (3) A payment made by a charity to a substantial donor in the course of or for the purposes of a transaction to which this section applies shall be treated for the purposes of section 505 as non-charitable expenditure.
- (4) If the terms of a transaction to which this section applies are less beneficial to the charity than terms which might be expected in a transaction at arm's length, the charity shall be treated for the purposes of section 505 as incurring non-charitable expenditure equal to that amount which the Commissioners for Her Majesty's Revenue and Customs determine as the cost to the charity of the difference in terms.
- (5) A payment by a charity of remuneration to a substantial donor shall be treated for the purposes of section 505 as non-charitable expenditure unless it is remuneration, for services as a trustee, which is approved by—
- (a) the Charity Commission,
- (b) another body with responsibility for regulating charities by virtue of legislation having effect in respect of any Part of the United Kingdom, or
- (c) a court.
##### 506B
- (1) Section 506A shall not apply to a transaction within section 506A(1)(b) or (d) if the Commissioners for Her Majesty's Revenue and Customs determine that the transaction—
- (a) takes place in the course of a business carried on by the substantial donor,
- (b) is on terms which are no less beneficial to the charity than those which might be expected in a transaction at arm's length, and
- (c) is not part of an arrangement for the avoidance of any tax.
- (2) Section 506A shall not apply to the provision of services to a substantial donor if the Commissioners determine that the services are provided—
- (a) in the course of the actual carrying out of a primary purpose of the charity, and
- (b) on terms which are no more beneficial to the substantial donor than those on which services are provided to others.
- (3) Section 506A shall not apply to the provision of financial assistance to a charity by a substantial donor if the Commissioners determine that the assistance—
- (a) is on terms which are no less beneficial to the charity than those which might be expected in a transaction at arm's length, and
- (b) is not part of an arrangement for the avoidance of any tax.
- (4) Section 506A shall not apply to investment by a charity in the business of a substantial donor where the investment takes the form of the purchase of shares or securities listed on a recognised stock exchange.
- (5) A disposal at an undervalue to which section 587B applies shall not be a transaction to which section 506A applies (but may be taken into account in the application of section 506A(2)).
- (6) A disposal at an undervalue to which section 257(2) of the 1992 Act (gifts of chargeable assets) applies shall not be a transaction to which section 506A applies (but may be taken into account in the application of section 506A(2)).
- (7) In the application of section 506A payments by a charity, or benefits arising to a substantial donor from a transaction, shall be disregarded in so far as they—
- (a) relate to a donation by the donor, and
- (b) do not exceed the relevant limit in relation to the donation for the purposes of section 339 or section 25 of the Finance Act 1990.
- (8) A company which is wholly owned by a charity within the meaning of section 339(7AB) shall not be treated as a substantial donor in relation to the charity which owns it (or any of the charities which own it).
- (9) A registered social landlord or housing association shall not be treated as a substantial donor in relation to a charity with which it is connected; and for that purpose—
- (a) “*registered social landlord or housing association*” means a body entered on a register maintained under—
- (i) section 1 of the Housing Act 1996,
- (ii) section 57 of the Housing (Scotland) Act 2001, or
- (iii) Article 14 of the Housing (Northern Ireland) Order 1992, and
- (b) a body and a charity are connected if (and only if)—
- (i) the one is wholly owned, or subject to control, by the other, or
- (ii) both are wholly owned, or subject to control, by the same person.
##### 506C
- (1) A gift is “*relievable*” for the purposes of section 506A(2) if relief is available in respect of it under—
- (a) section 83A,
- (b) section 339,
- (c) sections 587B and 587C,
- (d) section 25 of the Finance Act 1990 (individual gift aid),
- (e) section 257 of the 1992 Act (gifts of chargeable assets),
- (f) section 63 of the Capital Allowances Act (gifts of plant and machinery),
- (g) sections 713 to 715 of ITEPA 2003 (payroll giving),
- (h) section 108 of ITTOIA 2005 (gifts of trading stock), or
- (i) sections 628 and 630 of ITTOIA 2005 (gifts from settlor-interested trusts).
- (2) A charity is treated as incurring expenditure in accordance with section 506A(4) at such time (or times) as the Commissioners determine.
- (3) Section 506A applies to a transaction entered into in a chargeable period with a person who is a substantial donor in respect of that period, even if it was not until after the transaction was entered into that he first satisfied the definition of “substantial donor” in respect of that period.
- (4) Either or both of subsections (3) and (4) of section 506A may be applied to a single transaction; but any amount of non-charitable expenditure which a charity is treated as incurring under section 506A(3) in respect of a transaction shall be deducted from any amount which it would otherwise be treated as incurring under section 506A(4) in respect of the transaction.
- (5) Two or more connected charities shall be treated as a single charity for the purposes of section 506A and 506B and this section; and for this purpose “*connected*” means connected in a matter relating to the structure, administration or control of a charity.
- (6) Where remuneration is paid otherwise than in money, section 506A(5) shall apply as to a payment in money of the amount that would, under Part 3 of ITEPA 2003, be the cash equivalent of the remuneration as a benefit.
- (7) In sections 506A and 506B and this section—
- (a) a reference to a substantial donor or other person includes a reference to a person connected with him within the meaning of section 839,
- (b) “*financial assistance*” includes, in particular—
- (i) the provision of a loan, guarantee or indemnity, and
- (ii) entering into alternative finance arrangements within the meaning of section 46 of the Finance Act 2005, and
- (c) a reference to a gift of a specified amount includes a reference to a non-monetary gift of that value.
- (8) On an appeal against an assessment the Special Commissioners may review a decision of the Commissioners in connection with section 506A.
- (9) The Treasury may by regulations vary a sum, or a period of time, specified in section 506A(2).
#### Transfer of relief under section 257A where relief exceeds income or 257AB.
##### 508A
- (1) Where any company that is an investment trust has eligible rental income for any accounting period—
- (a) the rate of corporation tax chargeable for any financial year on the trust’s housing investment profits for that period shall be deemed to be the small companies’ rate for that year; and
- (b) its housing investment profits for that period shall be treated for the purposes of section 13 as excluded from its basic profits for that period.
- (2) For the purposes of this section—
- (a) a company’s eligible rental income for any period is so much of its income for that period as consists in rents or other receipts deriving from lettings by the company of eligible properties; and
- (b) its housing investment profits for any period are so much of its profits for that period as represents the amount chargeable to tax under Schedule A in respect of its eligible rental income for that period.
- (3) In computing the amount mentioned in subsection (2)(b) above for any period, deductions shall be made which (except in so far as they exceed the amount from which they are deducted) are, in aggregate, not less than the sum of the following amounts—
- (a) every amount which is both—
- (i) deductible (otherwise than as a debit brought into account under Chapter II of Part IV of the Finance Act 1996) in the computation of any income of the company, or of its total profits, for that period, and
- (ii) referable to, or to activities connected with, the letting by the company on assured tenancies of dwelling-houses that are eligible properties when so let,
- (b) any amount that is so referable that would represent a non-trading deficit on the company’s loan relationships for that period.
- (4) For the purposes of subsection (3) above any question—
- (a) whether for any period there is an amount referable to any matter that would represent a non-trading deficit on a company’s loan relationships, or
- (b) as to what that amount is for that period,
shall be determined by computing whether and to what extent there would for that period have been a non-trading deficit on the company’s loan relationships if debits and credits fell to be brought into account under Chapter II of Part IV of the Finance Act 1996 to the extent only that they are referable to that matter.
##### 508B
- (1) In section 508A “*eligible property*”, in relation to a company, means (subject to the following provisions of this section) any dwelling-house as respects which the following conditions are satisfied—
- (a) the company first acquired an interest in the dwelling-house on or after 1st April 1996;
- (b) that interest was not, at the time when it was acquired, subject to any letting or to any statutory tenancy;
- (c) at that time no arrangements had been made by the company or any person connected with it for the letting of the dwelling-house;
- (d) the interest of the company in the dwelling-house is a freehold interest or an interest under a long lease at a low rent;
- (e) the consideration given by the company for the acquisition of its interest in the dwelling-house did not exceed—
- (i) £125,000, in the case of a dwelling-house in Greater London, or
- (ii) £85,000, in any other case;
- (f) the dwelling-house is let by the company under an assured tenancy and is neither—
- (i) let by the company in consideration of a premium within the meaning of Schedule 8 to the 1992 Act, nor
- (ii) a dwelling-house in respect of which the person to whom it is let or any associate of his has been granted any option to purchase.
- (2) For the purposes of paragraph (b) of subsection (1) above, no account shall be taken of any shorthold tenancy or statutory shorthold tenancy to which the interest became subject before the time when it was acquired.
- (3) For the purposes of paragraph (c) of subsection (1) above, no account shall be taken of any arrangements made by a person connected with the company in question before the time when the interest was acquired by the company if—
- (a) that person had an interest in the dwelling-house when he made those arrangements;
- (b) that person did not dispose of his interest at any time after the arrangements were entered into and before the company acquired its interest; and
- (c) the arrangements were such as to confer a relevant entitlement on a person who, at the time when the company acquired its interest, was a tenant under any shorthold tenancy of the dwelling-house (or any part of it).
- (4) For the purposes of subsection (3)(c) above a relevant entitlement is an entitlement of a tenant under a shorthold tenancy of any premises, on the coming to an end of that tenancy, to such a further tenancy of the same or substantially the same premises as will itself be a shorthold tenancy.
- (5) For the purposes of this section the consideration given by a company for the acquisition of an interest in a dwelling-house shall be taken (subject to subsection (6) below) to include—
- (a) any amount expended by the company on the construction or renovation of the dwelling-house or on any conversion by virtue of which that dwelling-house came to be usable as such;
- (b) any amount so expended by a person connected with the company; and
- (c) any consideration given by a person connected with the company for the acquisition of any such interest in the dwelling-house as—
- (i) is subsequently acquired by the company, or
- (ii) is held by such a person at the same time as the company holds its interest in the premises.
- (6) Where a company has acquired any interest in a dwelling house from a person connected with that company—
- (a) amounts expended by that person as mentioned in paragraph (a) of subsection (5) above, and
- (b) the amount of any consideration given by that person for an interest in the dwelling-house,
shall be treated by virtue of that subsection as included in the consideration given by the company to the extent only that the aggregate of those amounts exceeds the consideration given by that company to that person for the interest acquired from that person by the company.
- (7) In section 508A and this section—
- “*associate*” has the meaning given by subsections (3) and (4) of section 417;
- “*assured tenancy*” means—any letting which is an assured tenancy for the purposes of the Housing Act 1988 or the Housing (Scotland) Act 1988, orany tenancy in Northern Ireland which complies with such requirements or conditions as may be prescribed by regulations made by the Department of the Environment for Northern Ireland;
- “*letting*” includes a letting by virtue of an agreement for a lease or under a licence, and “*let*” shall be construed accordingly;
- “*long lease*”, in relation to the interest of a company in any dwelling-house, means a lease for a term of years certain of which at least 21 years remains unexpired at the time when that interest was acquired by the company;
- “*low rent*” means a rent at an annual rate not exceeding—£1,000, in the case of a dwelling-house in Greater London; and£250, in any other case;
- “*rent*” has the same meaning as it has for the purposes of Schedule A in its application to companies within the charge to corporation tax;
- “*shorthold tenancy*” means any letting which is an assured shorthold tenancy for the purposes of the Housing Act 1988 or a short assured tenancy for the purposes of the Housing (Scotland) Act 1988;
- “*statutory shorthold tenancy*” means—a statutory periodic tenancy within the meaning of the Housing Act 1988 which arose on the coming to an end of an assured shorthold tenancy which was a fixed term tenancy, ora statutory assured tenancy within the meaning of the Housing (Scotland) Act 1988 which arose on the coming to an end of a short assured tenancy;
- “*statutory tenancy*”—in relation to England and Wales, has the same meaning as in the Rent Act 1977;in relation to Scotland, has the same meaning as in the Rent (Scotland) Act 1984; andin relation to Northern Ireland, has the same meaning as in the Rent (Northern Ireland) Order 1978.
- (8) Section 839 shall apply for the purposes of this section.
- (9) Section 508A shall have effect where—
- (a) a company acquires an interest in any dwelling-house, and
- (b) a person connected with the company has previously acquired an interest in the dwelling-house, being an interest subsequently acquired by the company or one held by that person at the same time as the company holds its interest,
as if references in this section (except in subsection (3) above) to the time when the company first acquired an interest in the premises included references to the time when the person connected with the company first acquired his interest.
- (10) The Treasury may, if they think fit, by order vary the figures for the time being specified in paragraph (e) of subsection (1) above; and an order under this subsection may make different provision for different localities in Greater London or elsewhere.
- (11) In the application of this section to Scotland—
- (a) references to acquiring an interest shall be construed, if there is a contract to acquire the interest, as references to entering into that contract;
- (b) references to the freehold interest shall be construed as references to the estate or interest of the proprietor of the*dominium utile* or, in the case of property other than feudal property, of the owner;
- (c) in the definition of “long lease” in subsection (7) above, the word “certain” shall be omitted.
- (12) Regulations made for the purposes of paragraph (b) of the definition of “assured tenancy” in subsection (7) above shall be made by statutory rule for the purposes of the Statutory Rules (Northern Ireland) Order 1979, and shall be subject to negative resolution within the meaning of section 41(6) of the Interpretation Act (Northern Ireland) 1954.
##### 510A
- (1) In this section “*grouping*” means a European Economic Interest Grouping formed in pursuance of Council Regulation [(EEC) No. 2137/85](https://www.legislation.gov.uk/european/regulation/1985/2137) of 25th July 1985, whether registered in Great Britain, in Northern Ireland, or elsewhere.
- (2) Subject to the following provisions of this section, for the purposes of charging tax in respect of income and gains a grouping shall be regarded as acting as the agent of its members.
- (3) In accordance with subsection (2) above—
- (a) for the purposes mentioned in that subsection the activities of the grouping shall be regarded as those of its members acting jointly and each member shall be regarded as having a share of its property, rights and liabilities; and
- (b) for the purposes of charging tax in respect of chargeable gains a person shall be regarded as acquiring or disposing of a share of the assets of the grouping not only where there is an acquisition or disposal of assets by the grouping while he is a member of it, but also where he becomes or ceases to be a member of a grouping or there is a change in his share of the property of the grouping ;
but paragraph (a) above is subject to subsection (6A) below.
- (4) Subject to subsection (5) below, for the purposes of this section a member’s share of any property, rights or liabilities of a grouping shall be determined in accordance with the contract under which the grouping is established.
- (5) Where the contract does not make provision as to the shares of members in the property, rights or liabilities in question a member’s share shall be determined by reference to the share of the profits of the grouping to which he is entitled under the contract (and if the contract makes no provision as to that, the members shall be regarded as having equal shares).
- (6) . . . Where any trade or profession is carried on by a grouping it shall be regarded for the purposes of charging tax in respect of income and gains as carried on in partnership by the members of the grouping.
- (6A) Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) shall have effect in relation to a grouping as it has effect in relation to a partnership (see in particular section 87A of, and paragraphs 19 and 20 of Schedule 9 to, that Act).
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 519A
- (1) A health service body—
- (a) shall be exempt from income tax in respect of its income, and
- (b) shall be exempt from corporation tax,
and, so far as the exemption from income tax conferred by this subsection calls for repayment of tax, effect shall be given thereto by means of a claim.
- (2) In this section “*health service body*” means—
- (a) a Strategic Health Authority or a Health Authority established under section 8 of the National Health Service Act 1977;
- (aa) a Special Health Authority established under section 11 of that Act;
- (ab) a Primary Care Trust;
- (aba) a Local Health Board;
- (b) a National Health Service trust established under Part I of the National Health Service and Community Care Act 1990;
- (bb) an NHS foundation trust
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (d) a Health Board or Special Health Board, the Common Services Agency for the Scottish Health Service and a National Health Service trust respectively constituted under sections 2, 10 and 12A of the National Health Service (Scotland) Act 1978;
- (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (g) the Scottish Dental Practice Board; . . .
- (h) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (i) a Health and Social Services Board and the Northern Ireland Central Services Agency for the Health and Social Services established under Articles 16 and 26 respectively of the Health and Personal Social Services (Northern Ireland) Order 1972;
- (j) a special health and social services agency established under the Health and Personal Social Services (Special Agencies) (Northern Ireland) Order 1990; and
- (k) a Health and Social Services trust established under the Health and Personal Social Services (Northern Ireland) Order 1991.
- (3) The Treasury may by order disapply subsection (1)(b) in relation to a specified activity, or class of activity, of an NHS foundation trust.
- (4) An order under subsection (3) shall make provision for determining the amount of the profits relating to an activity that are to be charged to corporation tax as a result of the disapplication of subsection (1)(b).
- (5) An order under subsection (3) may, in particular—
- (a) make provision for disregarding profits of less than a specified amount in respect of a financial year or accounting period or a specified part of a financial year or accounting period;
- (b) make provision for disregarding a specified part of profits in respect of a financial year or accounting period or a specified part of a financial year or accounting period;
- (c) make provision for disregarding all or part of profits relating to activity in respect of which receipts or turnover (as defined by the order) are less than a specified amount in respect of a financial year or accounting period or a specified part of a financial year or accounting period.
- (6) An order under subsection (3)—
- (a) may apply, with or without modification, a provision of the Tax Acts,
- (b) may disapply a provision of the Tax Acts,
- (c) may make provision similar to a provision of the Tax Acts, and
- (d) may make provision generally or in relation to a specified body or class of bodies.
- (7) The Treasury may make an order under subsection (3) only—
- (a) in relation to an activity or class of activity that appears to the Treasury to be of a commercial nature,
- (b) where it appears to the Treasury to be expedient for the purpose of avoiding, removing or reducing differences between—
- (i) the fiscal treatment of the body undertaking the activity, and
- (ii) the fiscal treatment of another body or class of body which is of a commercial nature and which undertakes or might undertake the same or a similar activity, and
- (c) if a draft has been laid before, and approved by resolution of, the House of Commons.
- (8) An activity authorised under section 14(1) of the Health and Social Care (Community Health and Standards) Act 2003 shall not be treated as an activity of a commercial nature for the purposes of subsection (7)(a).
#### Life assurance premiums.
#### Transfer of relief under section 257A.
#### Transitional relief: husband with excess allowances.
#### Transfer of reliefs.
#### Expenditure and houses of ministers of religion.
### Designs
##### 537A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203K
##### 537B
- (1) Where the usual place of abode of the owner of a right in a design is not within the United Kingdom, section 349(1) shall apply to any payment of or on account of any royalties or sums paid periodically for or in respect of that right as it applies to annual payments not payable out of profits or gains brought into charge to income tax.
- (2) In subsection (1) above—
- (a) “*right in a design*” means design right or the right in a registered design,
- (b) the reference to the owner of a right includes a person who, notwithstanding that he has assigned the right to some other person, is entitled to receive periodical payments in respect of the right, and
- (c) the reference to royalties or other sums paid periodically for or in respect of a right does not include royalties or sums paid in respect of articles which . . . have been exported from the United Kingdom for distribution outside the United Kingdom.
- (3) Where a payment to which subsection (1) above applies is made through an agent resident in the United Kingdom and that agent is entitled as against the owner of the right to deduct any sum by way of commission in respect of services rendered, the amount of the payment shall for the purpose of section 349(1) be taken to be diminished by the sum which the agent is entitled to deduct.
- (4) Where the person by or through whom the payment is made does not know that any such commission is payable or does not know the amount of any such commission, any income tax deducted by or assessed and charged on him shall be computed in the first instance on, and the account to be delivered of the payment shall be an account of, the total amount of the payment without regard being had to any diminution thereof . . . .
- (5) The time of the making of a payment to which subsection (1) above applies shall, for all tax purposes, be taken to be the time when it is made by the person by whom it is first made and not the time when it is made by or through any other person.
- (6) Any agreement for the making of any payment to which subsection (1) above applies in full and without deduction of income tax shall be void.
#### Aggregation of wife’s income with husband’s.
##### 539ZA
- (1) This section applies where, for the purposes of determining the application of this Chapter in relation to a policy or contract at any time, it is necessary to have regard to its application at another time.
- (2) It makes no difference to the application of this Chapter at that other time whether liability in respect of a gain arising at that time would have arisen or (as the case may be) would arise because of the application of this Chapter or Chapter 9 of Part 4 of ITTOIA 2005 (which makes provision for income tax purposes corresponding to that made by this Chapter).
- (3) References in this section to this Chapter include references to paragraph 20 of Schedule 15 to this Act and section 79 of the Finance Act 1997 (payments under certain life insurance policies).
##### 539A
- (1) The conditions mentioned in section 539(2)(f) (excepted group life policies) are those set out in the following provisions of this section.
- (2) Condition 1 is that under the terms of the policy a sum or other benefit of a capital nature is payable or arises on the death of each of the individuals insured under the policy who dies without attaining an age which is specified in the policy and is not greater than 75 years.
In determining whether this condition is satisfied, disregard any terms of the policy which exclude from benefit the death of a person in specified circumstances, if the exclusion applies in relation to death in those circumstances in the case of each of the individuals insured under the policy.
- (3) Condition 2 is that under the terms of the policy—
- (a) the same method is to be used for calculating the sums or other benefits of a capital nature payable or arising on each death, and
- (b) if there is any limitation on those sums or other benefits, the limitation is the same in the case of any death.
- (4) Condition 3 is that the policy does not have, and is not capable of having, on any day—
- (a) a surrender value that exceeds the proportion of the premiums paid which, on a time apportionment, is referable to the unexpired paid-up period beginning with that day, or
- (b) if there is no such period, any surrender value.
For the purposes of this subsection the unexpired paid-up period beginning with any day is the period (if any) which—
- (i) begins with that day, and
- (ii) ends with the earliest subsequent day on which—
- (a) a payment of premium falls due under the policy, or
- (b) the term of the policy ends.
- (5) Condition 4 is that no sums or other benefits may be paid or conferred under the policy, except as mentioned in condition 1 or condition 3.
- (6) Condition 5 is that any sums payable or other benefits arising under the policy must (whether directly or indirectly) be paid to or for, or conferred on, or applied at the direction of—
- (a) an individual or charity beneficially entitled to them, or
- (b) a trustee or other person acting in a fiduciary capacity who will secure that the sums or other benefits are paid to or for, or conferred on, or applied in favour of, an individual or charity beneficially.
In this subsection “*charity*” means any body of persons or trust established for charitable purposes only.
- (7) Condition 6 is that no person—
- (a) who is an individual whose life is insured under the policy, or
- (b) who is, within the meaning of section 839, connected with an individual whose life is so insured,
may, by virtue of a group membership right relating to that individual, receive (directly or indirectly) any death benefit in respect of another group member.
In this subsection—
- (i) “*group membership right*”, in relation to an individual, means any right (including the right of any person to be considered by trustees in their exercise of a discretion) that is referable to that individual’s being one of the individuals whose lives are insured by the policy; and
- (ii) “*death benefit in respect of another group member*” means—
- (a) any sums or other benefits payable or arising under the policy on the death of any other of those individuals, or
- (b) anything representing any such sums or benefits.
- (8) Condition 7 is that a tax avoidance purpose is not the main purpose, or one of the main purposes, for which a person is at any time—
- (a) the holder, or one of the holders, of the policy, or
- (b) the person, or one of the persons, beneficially entitled under the policy.
In this subsection—
- (i) “*tax avoidance purpose*” means any purpose that consists in securing a tax advantage (whether for the holder of the policy or any other person); and
- (ii) “*tax advantage*” has the same meaning as in Chapter 1 of Part 17 (tax avoidance).
#### Aggregation of wife’s income with husband’s.
##### 546A
- (1) This section applies in any case where—
- (a) as a result of any transaction (the “*material transaction*”) the whole or part of or a share in the rights conferred by a policy or contract (“*the material interest*”) becomes beneficially owned by one person or by two or more persons jointly or in common (“*the new ownership*”);
- (b) immediately before the material transaction, the material interest was in the beneficial ownership of one person or of two or more persons jointly (“*the old ownership*”); and
- (c) at least one person who is a member of the old ownership is also a member of the new ownership.
- (2) In any such case, the material transaction shall, in accordance with the following provisions of this section, be taken for the purposes of this Chapter (other than this section) to be one or more assignments, of part only of the rights conferred by the policy or contract.
- (3) For the purposes of this Chapter (other than this section), the members of the old ownership shall be treated—
- (a) where the old ownership consists of two or more persons beneficially entitled jointly, as if the material interest had been in their beneficial ownership in equal shares instead of jointly;
- (b) where the new ownership consists of two or more persons beneficially entitled jointly, as if the result of the material transaction had been that the material interest was in the beneficial ownership of those persons in equal shares instead of jointly; and
- (c) as if the material transaction had been the assignment by each member of the old ownership of so much (if any) of his old share as exceeds his new share (or, if he does not have a new share, the whole of his old share).
- (4) In this section—
- “*new share*”, in relation to the material interest and a person who is a member of the new ownership, means—if there is only one member of the new ownership, the material interest;if there are two or more members of the new ownership beneficially entitled to the material interest in common, the member’s share in the material interest; orif there are two or more members of the new ownership beneficially entitled to the material interest jointly, the share attributed to the member by subsection (3)(b) above;
- “*old share*”, in relation to the material interest and a person who is a member of the old ownership, means—if there is only one member of the old ownership, the material interest; orif there are two or more members of the old ownership, the share attributed to the member by subsection (3)(a) above.
##### 546B
- (1) This section applies in relation to a policy or contract in any case where—
- (a) a section 546 excess occurs at the end of any year (including the final year, whether or not ending with a terminal chargeable event); and
- (b) the condition in subsection (2) below is satisfied in relation to that year.
This subsection is subject to subsection (1A) below.
- (1A) In the case of a policy which is a qualifying policy (whether or not the premiums under the policy are eligible for relief under section 266) this section applies only if—
- (a) the section 546 excess occurs within the time described in section 540(1)(b)(i); or
- (b) the policy has been converted into a paid-up policy within that time.
- (2) The condition is that—
- (a) during the year there has been an assignment for money or money’s worth of part of or a share in the rights conferred by the policy or contract; or
- (b) during the year there has been both—
- (i) an assignment, otherwise than for money or money’s worth, of the whole or part of or a share in the rights conferred by the policy or contract; and
- (ii) an earlier surrender of part of or a share in the rights conferred by the policy or contract.
- (3) Where this section applies—
- (a) the occurrence of the section 546 excess shall be treated for the purposes of this Chapter as not being a chargeable event; but
- (b) the amount of the section 546 excess shall be charged to tax in accordance with the provisions of section 546C.
- (4) In this section—
- “*final year*” has the meaning given by section 546(4);
- “*section 546 excess*”, in relation to any year, means an excess, occurring at the end of the year, of—the reckonable aggregate value mentioned in subsection (2) of section 546, overthe allowable aggregate amount mentoned in subsection (3) of that section;
- “*terminal chargeable event*” means any chargeable event other than—
- (a) an assignment for money or money’s worth of the whole of the rights conferred by the policy or contract;
- (b) the occurrence of a section 546 excess; or
- (c) a chargeable event by virtue of section 546C(7)(a);
##### 546C
- (1) This section applies where, in relation to any policy or contract, the amount of a section 546 excess occurring at the end of any year falls to be charged to tax in accordance with this section by virtue of section 546B(3)(b).
- (2) The following amounts shall be calculated as at the end of that year—
- (a) the aggregate of the values calculated under section 546(1)(a) in respect of any part of or share in the rights conferred by the policy or contract which has been assigned for money or money’s worth, or surrendered, during the year;
- (b) the amount by which—
- (i) the reckonable aggregate value mentioned in section 546(2), as at the end of the year, exceeds
- (ii) the aggregate calculated under paragraph (a) above;
and
- (c) the amount by which—
- (i) the allowable aggregate amount mentioned in section 546(3), as at the end of the year, exceeds
- (ii) the amount calculated under paragraph (b) above.
- (3) In this section—
- (a) “*relevant transaction*” means any assignment for money or money’s worth, or any surrender, of a part of or share in the rights conferred by the policy or contract which has happened during the year;
- (b) “*transaction value*”, in relation to any relevant transaction, means the value calculated in accordance with section 546(1)(a) in the case of that transaction;
- (c) “*the amount of available premium*” means—
- (i) in relation to the earliest relevant transaction, the amount calculated under subsection (2)(c) above (that amount being taken to be nil if there is no such excess as is there mentioned); and
- (ii) in relation to each successive relevant transaction, that amount as successively reduced under subsections (5) to (7) below.
- (4) Subsection (5) below shall apply successively to each of the relevant transactions that happened in the year, in the order in which they happened.
If the year is the final year and ends with a terminal chargeable event, this subsection is subject to section 546D.
- (5) Where this subsection applies in relation to a relevant transaction—
- (a) the transaction value shall be compared to the amount of available premium; and
- (b) if the amount of available premium exceeds or is equal to the transaction value, subsection (6) below shall apply in relation to the transaction; but
- (c) if the transaction value exceeds the amount of available premium, subsection (7) below shall apply in relation to the transaction.
- (6) Where this subsection applies in relation to a relevant transaction—
- (a) the amount of available premium shall be reduced (or further reduced) by the transaction value; and
- (b) that reduction shall have effect in relation to the next subsequent relevant transaction.
- (7) Where this subsection applies in relation to a relevant transaction—
- (a) the relevant transaction shall for the purposes of this Chapter be a chargeable event in relation to the policy or contract, except as provided by sections 540(3) and 542(3);
- (b) a gain of an amount equal to that by which the transaction value exceeds the amount of available premium shall be treated for the purposes of this Chapter as arising in connection with the policy or contract on the happening of that chargeable event; and
- (c) in relation to any subsequent relevant transaction, the amount of available premium shall be reduced to nil.
- (8) Where the whole or any part of the amount of any gain treated as arising by subsection (7)(b) above falls to be treated under section 547(1)(b) as forming part of the income of any company for—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the accounting period in which the chargeable event in question happened,
that . . . accounting period shall be taken to be the one which includes the end of the year as at which the section 546 excess in question occurs, instead of the one (if different) in which the relevant transaction happened.
- (9) Where this section applies in relation to the final year and that year ends with a terminal chargeable event—
- (a) effect shall be given to this section before applying the provisions of this Chapter in relation to the terminal chargeable event; and
- (b) in applying this Chapter in relation to the terminal chargeable event, any chargeable event by virtue of subsection (7)(a) above accordingly falls to be regarded as having occurred before the terminal chargeable event.
- (10) This section shall be construed as one with section 546B.
##### 546D
- (1) This section applies in any case where the year mentioned in section 546C(4) is the final year and that year ends with a terminal chargeable event.
- (2) In any such case there shall be calculated, as at the end of the year, the amount of the gain (“*the gains limit*”) that would have been treated as arising on the happening of the terminal chargeable event, apart from the application of sections 546B and 546C in relation to that year.
- (3) Subsection (5) of section 546C shall apply successively to each of the relevant transactions that happened in the year, in the order in which they happened, unless and until the transaction in question (the “*final transaction*”) is such that the aggregate of—
- (a) its transaction value apart from subsection (4) below, and
- (b) the sum of the transaction values of any relevant transactions to which subsection (5) of that section has previously applied,
exceeds the gains limit.
- (4) If, in the case of the final transaction,—
- (a) the aggregate mentioned in subsection (3) above exceeds the gains limit, but
- (b) the sum mentioned in paragraph (b) of that subsection is less than that limit,
subsection (5) of section 546C shall apply in relation to that transaction, but for the purposes of subsections (5) to (7) of that section its transaction value shall be reduced to an amount equal to the difference between the gains limit and the sum mentioned in paragraph (b) above.
- (5) Except as provided by subsection (4) above, subsection (5) of section 546C shall not apply in relation to the final transaction or any subsequent relevant transaction.
- (6) This section shall be construed as one with sections 546B and 546C.
##### 547A
- (1) If—
- (a) immediately before the happening of a chargeable event, two or more persons have relevant interests in the rights conferred by the policy or contract in question, and
- (b) any of those persons is a company,
section 547 shall have effect in relation to each such company as if it had been the only person with a relevant interest in those rights, but with references to the amount of the gain construed as references to the company's proportionate share of the amount of the gain.
- (2) References in this section to the rights conferred by a policy or contract are, in the case of an assignment or surrender of only a part of or share in any rights, references to that part or share.
- (3) For the purposes of this section, a person has a “relevant interest" in the rights conferred by a policy or contract—
- (a) in the case of an individual, if a share in the rights is vested in him as beneficial owner, or is held on non-charitable trusts created, or as security for a debt owed, by him;
- (b) in the case of a company, if a share in the rights is in the beneficial ownership of the company, or is held on non-charitable trusts created, or as security for a debt owed, by the company;
- (c) in the case of personal representatives, if a share in the rights is vested in them;
- (cc) in the case of trustees of a charitable trust, if a share in the rights is held by them or as security for a debt owed by them;
- (d) in the case of trustees of a non-charitable trust—
- (i) if a share in the rights is held by them, and the person who created the trusts is not resident in the United Kingdom or has died or (in the case of a company or foreign institution) has been dissolved or wound up or has otherwise come to an end;
- (ia) if a share in the rights is held by them which does not also fall within paragraph (a), (b) or (c) above or sub-paragraph (i) above; or
- (ii) if a share in the rights is held as security for a debt owed by them;
- (e) in the case of a foreign institution, if a share in the rights is in the beneficial ownership of the foreign institution, or is held as security for a debt owed by the foreign institution.
- (4) For the purposes of subsection (1) above, a person’s “proportionate share" of the amount of a gain is that share of it which is proportionate to the share of the rights by reference to which he has the relevant interest in question.
- (5) Where, immediately before the happening of a chargeable event, the rights conferred by the policy or contract in question are, or a share in those rights is, held as security for one or more debts owed by two or more persons, this section shall effect in relation to the chargeable event as if—
- (a) each of those persons were instead the sole debtor in respect of a separate debt; and
- (b) the security for that separate debt were the appropriate share of the security for the actual debt or debts (so far as consisting of the rights, or a share in the rights, conferred by the policy or contract);
and for the purposes of paragraph (b) above the appropriate share, in the case of any person, is a share which is proportionate to that share of the actual debt or, as the case may be, the aggregate of the two or more actual debts, for which he is liable as between the debtors.
- (6) Where, immediately before the happening of a chargeable event, the rights conferred by the policy or contract in question are, or a share in those rights is, held on non-charitable trusts created by two or more persons, this section shall have effect in relation to that chargeable event as if—
- (a) each of those persons had instead been the sole settlor in relation to a separate share of the rights or share so held; and
- (b) that separate share were proportionate to the share which originates from him of the whole of the property subject to the trusts immediately before the happening of the chargeable event.
- (7) The reference in subsection (6)(b) above to the share of the property which originates from a person is a reference to the share of the property which consists of—
- (a) property which that person has provided directly or indirectly for the purposes of the trusts;
- (b) property representing property which that person has so provided; and
- (c) so much of any property which represents both property so provided and other property as, on a just apportionment, represents the property so provided.
- (8) References in subsection (7) above to property which a person has provided directly or indirectly—
- (a) include references to property which has been provided directly or indirectly by another in pursuance of reciprocal arrangements with the person, but
- (b) do not include references to property which the person has provided directly or indirectly in pursuance of reciprocal arrangements with another.
- (9) References in subsection (7) above to property which represents other property include references to property which represents accumulated income from that other property.
- (10) Where immediately before the happening of a chargeable event—
- (a) the rights conferred by the policy or contract in question are, or a share in those rights is, held subject to any non-charitable trusts, and
- (b) different shares of the whole of the property subject to those trusts originate (within the meaning of subsection (6)(b) above) from different persons,
the rights or share shall, in relation to that chargeable event, be taken for the purposes of this section to be held on non-charitable trusts created by those persons.
- (11) Where the rights conferred by a policy or contract are, or an interest in any such rights is, in the beneficial ownership of two or more persons jointly, the rights or interest shall be treated for the purposes of this section as if they were in the beneficial ownership of those persons in equal shares.
- (12) A non-fractional interest in the rights conferred by a policy or contract shall be treated for the purposes of this section as if it were instead such a share in those rights as may justly and reasonably be regarded for those purposes as representing the non-fractional interest.
- (13) For the purposes of subsection (12) above, a “non-fractional interest" in the rights conferred by a policy or contract is an interest in some or all of those rights which is not a share in all of those rights (otherwise than by virtue only of subsection (2) above).
- (14) This section applies in a case where the same person has two or more relevant interests in the rights conferred by a policy or contract as it applies in a case where two or more persons have separate relevant interests, unless—
- (a) that person is the only person with a relevant interest in those rights, and
- (b) he has all the relevant interests in the same capacity,
in which case section 547 applies.
- (15) In this section—
- “*foreign institution*” means a person which is a company or other institution resident or domiciled outside the United Kingdom;
- “*personal representatives*” has the same meaning as in Part XVI.
- (16) For the purposes of this section, property held for the purposes of a foreign institution shall be regarded as in the beneficial ownership of the foreign institution.
- (17) Any reference in this section to trusts created by an individual includes a reference to trusts arising under—
- (a) section 11 of the Married Women's Property Act 1882;
- (b) section 2 of the Married Women's Policies of Assurance (Scotland) Act 1880; or
- (c) section 4 of the Law Reform (Husband and Wife) Act (Northern Ireland) 1964;
and references to the settlor or to the person creating the trusts shall be construed accordingly.
##### 548A
- (1) This section applies if—
- (a) a relevant chargeable event occurs in respect of a policy or contract,
- (b) commission in respect of the policy or contract has at any time been rebated or reinvested, and
- (c) condition A or B is met.
- (2) For the purposes of performing the calculation under section 541(1)(b) or (c) or 543(1)(a) or (b) for the chargeable event, the total amount paid under the policy or contract by way of premiums in any period is to be reduced by the total amount of commission attributable to those premiums that has been rebated or reinvested.
- (3) Condition A is that the total amount paid under the policy or contract by way of premiums in a relevant period exceeds £100,000.
- (4) Condition B is that—
- (a) at a time when the policy or contract was the taxable person's, the taxable person's policies and contracts exceeded the relevant threshold as respects a relevant period, and
- (b) payments under the policy or contract by way of premiums were made in that relevant period.
- (5) In subsection (4)(a) “*taxable person*” means the person whose policy or contract the policy or contract is, immediately before the chargeable event.
- (6) For the purposes of subsection (4)(a) a person's policies and contracts “exceed the relevant threshold” as respects a relevant period if the total amount of payments under them by way of premiums in that relevant period exceeds the sum specified in subsection (3).
- (7) In this section “*relevant chargeable event*” means a chargeable event within—
- (a) any of sub-paragraphs (ii) to (iv) of section 540(1)(a) (including those sub-paragraphs as they apply in relation to a qualifying policy),
- (b) section 542(1)(a) or (b), or
- (c) section 545(1)(a) to (c).
- (8) In this section “*relevant period*” means—
- (a) the period beginning with the beginning of the year of assessment in which the chargeable event occurs and ending with the chargeable event, or
- (b) any of the 3 preceding years of assessment.
- (9) References in this section to a premium include, in relation to a contract for a life annuity, lump sum consideration.
- (10) The Treasury may by order—
- (a) substitute another sum for the sum for the time being specified in subsection (3);
- (b) amend the definition of “relevant period”.
#### Eligibility for relief.
##### 548B
- (1) This section supplements section 548A.
- (2) “*Commission*”, in relation to a policy or contract, includes any passing of value to or for the benefit of an intermediary, or a person connected with an intermediary, that can reasonably be taken to represent a reward in respect of the policy or contract.
- (3) Commission in respect of a policy or contract is “reinvested” if, as a result of a waiver of an entitlement to it, there is an increase in the total value of a relevant person's policies and contracts.
- (4) The amount of commission reinvested is the amount of the increase.
- (5) Commission in respect of a policy or contract is “rebated” if—
- (a) value passes (directly or indirectly) from an intermediary, or a person connected with an intermediary, to or for the benefit of a relevant person (and the passing of value does not amount to the reinvestment of the commission), and
- (b) the passing of value can reasonably be taken to be in respect of the commission.
- (6) The amount of commission rebated is the amount of value passed.
- (7) A policy or contract is a person's policy or contract if a gain arising in connection with it would be—
- (a) a gain for which the person, or (if the person is an individual) the person's spouse or civil partner, would be liable to tax under Chapter 9 of Part 4 of ITTOIA 2005, or
- (b) treated by virtue of section 547(1) above as forming part of the person's income.
- (8) Any necessary apportionment is to be made (on a just and reasonable basis) as regards—
- (a) commission which is attributable to two or more premiums, and
- (b) any part of such commission that has been rebated or reinvested.
- (9) Commission which is in respect of one or more policies or contracts (but is not attributable to particular premiums) is to be attributed to such premiums as is just and reasonable.
- (10) In subsections (3) and (5), “*relevant person*” means—
- (a) any of the policyholders (including any of the persons who hold the contract),
- (b) a person who beneficially owns the rights under the policy or contract,
- (c) if those rights are held on trust, any of the trustees, or
- (d) a person connected (within the meaning of section 839) with a person within any of paragraphs (a) to (c).
- (11) In subsections (8) and (9), references to a premium include, in relation to a contract for a life annuity, lump sum consideration.
##### 551A
- (1) Where—
- (a) an amount is included in a company’s income by virtue of section 547(1)(b), and
- (b) the rights, or the part or share, in question were held immediately before the happening of the chargeable event on non-charitable trusts,
the company shall be entitled to recover from the trustees, to the extent of any sums, or to the value of any benefits, received by them by reason of the event, the amount (if any) by which T1 exceeds T2.
- (2) For the purposes of subsection (1) above—
- T1 is the tax with which the company is chargeable for the accounting period in question; and
- T2 is the tax with which the company would have been chargeable for the accounting period if the amount mentioned in subsection (1)(a) above had not been included as there mentioned.
- (3) A company may require the Board to certify any amount recoverable by the company by virtue of this section, and the certificate shall be conclusive evidence of the amount.
##### 552ZA
- (1) This section supplements section 552 and shall be construed as one with it.
- (2) Where the obligations under any policy or contract of the body that issued, entered into or effected it (“*the original insurer*”) are at any time the obligations of another body (“*the transferee*”) to whom there has been a transfer of the whole or any part of a business previously carried on by the original insurer, section 552 shall have effect in relation to that time, except where the chargeable event—
- (a) happened before the transfer, and
- (b) in the case of a death or an assignment, is an event of which the notification mentioned in subsection (6) or (7) of that section was given before the transfer,
as if the policy or contract had been issued, entered into or effected by the transferee.
- (3) Where, in consequence of section 546C(7)(a) of this Act and section 514(1) of ITTOIA 2005, paragraph (a) or (b) of section 552(1) requires certificates to be delivered in respect of two or more surrenders, happening in the same year, of part of or a share in the rights conferred by the policy or contract, a single certificate may be delivered under the paragraph in question in respect of all those surrenders (and may treat them as if they together constituted a single surrender) unless between the happening of the first and the happening of the last of them there has been—
- (a) an assignment of part of or a share in the rights conferred by the policy or contract; or
- (b) an assignment, otherwise than for money or money’s worth, of the whole of the rights conferred by the policy or contract.
- (4) Where the appropriate policy holder is two or more persons—
- (a) section 552(1)(a) requires a certificate to be delivered to each of them; but
- (b) nothing in section 552 or this section requires a body to deliver a certificate under subsection (1)(a) of that section to any person whose address has not been provided to the body (or to another body, at a time when the obligations under the policy or contract were obligations of that other body).
- (5) A certificate under section 552(1)(b) or (3)—
- (a) shall be in a form prescribed for the purpose by the Board; and
- (b) shall be delivered by any means prescribed for the purpose by the Board;
and different forms, or different means of delivery, may be prescribed for different cases or different purposes.
- (6) The Board may by regulations make such provision as they think fit for securing that they are able—
- (a) to ascertain whether there has been or is likely to be any contravention of the requirements of section 552 or this section; and
- (b) to verify any certificate under that section.
- (7) Regulations under subsection (6) above may include, in particular, provisions requiring persons to whom premiums under any policy are or have at any time been payable—
- (a) to supply information to the Board; and
- (b) to make available books, documents and other records for inspection on behalf of the Board.
- (8) Regulations under subsection (6) above may—
- (a) make different provision for different cases; and
- (b) contain such supplementary, incidental, consequential or transitional provision as appears to the Board to be appropriate.
##### 552ZB
- (1) The Commissioners for Her Majesty's Revenue and Customs may make regulations—
- (a) requiring relevant persons—
- (i) to provide prescribed information to persons who apply for the issue of qualifying policies or who are, or may be, required to make statements under paragraph B3(2) of Schedule 15;
- (ii) to provide to an officer of Revenue and Customs prescribed information about qualifying policies which have been issued by them or in relation to which they are or have been a relevant transferee;
- (b) making such provision (not falling within paragraph (a)) as the Commissioners think fit for securing that an officer of Revenue and Customs is able—
- (i) to ascertain whether there has been or is likely to be any contravention of the requirements of the regulations or of paragraph B3(2) of Schedule 15;
- (ii) to verify any information provided to an officer of Revenue and Customs as required by the regulations.
- (2) The provision that may be made by virtue of subsection (1)(b) includes, in particular, provision requiring relevant persons to make available books, documents and other records for inspection by or on behalf of an officer of Revenue and Customs.
- (3) The regulations may—
- (a) make different provision for different cases or circumstances, and
- (b) contain incidental, supplementary, consequential, transitional, transitory or saving provision.
- (4) In this section—
- “*prescribed*” means prescribed by the regulations,
- “*qualifying policy*” includes a policy which would be a qualifying policy apart from—paragraph A1(2), B1(2), B2(2) or B3(3) of Schedule 15, orparagraph 17(2)(za) of that Schedule (including as applied by paragraph 18), and
- “*relevant person*” means a person—who issues, or has issued, qualifying policies, orwho is, or has been, a relevant transferee in relation to qualifying policies.
- (5) For the purposes of this section a person (“X”) is at any time a “*relevant transferee*” in relation to a qualifying policy if the obligations under the policy of its issuer are at that time the obligations of X as a result of there having been a transfer to X of the whole or any part of a business previously carried on by the issuer.
##### 552A
- (1) This section has effect for the purpose of securing that, where it applies to an overseas insurer, another person is the overseas insurer’s tax representative.
- (2) In this section “*overseas insurer*” means a person who is not resident in the United Kingdom who carries on a business which consists of or includes the effecting and carrying out of—
- (a) policies of life insurance;
- (b) contracts for life annuities; or
- (c) capital redemption policies.
- (3) This section applies to an overseas insurer—
- (a) if the condition in subsection (4) below is satisfied on the designated day; or
- (b) where that condition is not satisfied on that day, if it has subsequently become satisfied.
- (4) The condition mentioned in subsection (3) above is that—
- (a) there are in force relevant insurances the obligations under which are obligations of the overseas insurer in question or of an overseas insurer connected with him; and
- (b) the total amount or value of the gross premiums paid under those relevant insurances is £1 million or more.
- (5) In this section “*relevant insurance*” means any policy of life insurance, contract for a life annuity or capital redemption policy . . . in the case of which—
- (a) the holder is resident in the United Kingdom;
- (b) the obligations of the insurer are obligations of a person not resident in the United Kingdom; and
- (c) those obligations are not attributable to a branch or agency of that person’s in the United Kingdom.
- (6) Before the expiration of the period of three months following the day on which this section first applies to an overseas insurer, the overseas insurer must nominate to the Board a person to be his tax representative.
- (7) A person shall not be a tax representative unless—
- (a) if he is an individual, he is resident in the United Kingdom and has a fixed place of residence there, or
- (b) if he is not an individual, he has a business establishment in the United Kingdom,
and, in either case, he satisfies such other requirements (if any) as are prescribed in regulations made for the purpose by the Board.
- (8) A person shall not be an overseas insurer’s tax representative unless—
- (a) his nomination by the overseas insurer has been approved by the Board; or
- (b) he has been appointed by the Board.
- (9) The Board may by regulations make provision supplementing this section; and the provision that may be made by any such regulations includes provision with respect to—
- (a) the making of a nomination by an overseas insurer of a person to be his tax representative;
- (b) the information which is to be provided in connection with such a nomination;
- (c) the form in which such a nomination is to be made;
- (d) the powers and duties of the Board in relation to such a nomination;
- (e) the procedure for approving, or refusing to approve, such a nomination, and any time limits applicable to doing so;
- (f) the termination, by the overseas insurer or the Board, of a person’s appointment as a tax representative;
- (g) the appointment by the Board of a person as the tax representative of an overseas insurer (including the circumstances in which such an appointment may be made);
- (h) the nomination by the overseas insurer, or the appointment by the Board, of a person to be the tax representative of an overseas insurer in place of a person ceasing to be his tax representative;
- (j) circumstances in which an overseas insurer to whom this section applies may, with the Board’s agreement, be released (subject to any conditions imposed by the Board) from the requirement that there must be a tax representative;
- (k) appeals to the Special Commissioners against decisions of the Board under this section or regulations under it.
- (10) The provision that may be made by regulations under subsection (9) above also includes provision for or in connection with the making of other arrangements between the Board and an overseas insurer for the purpose of securing the discharge by or on behalf of the overseas insurer of the relevant duties, within the meaning of section 552B.
- (11) Section 839 (connected persons) applies for the purposes of this section.
- (12) In this section—
- “*capital redemption policy*” means a capital redemption policy in relation to which this Chapter and Chapter 9 of Part 4 of ITTOIA 2005 have effect;
- “*contract for a life annuity*” means a contract for a life annuity in relation to which this Chapter and Chapter 9 of Part 4 of ITTOIA 2005 have effect;
- “*the designated day*” means such day as the Board may specify for the purpose in regulations;
- “*policy of life insurance*” means a policy of life insurance in relation to which this Chapter and Chapter 9 of Part 4 of ITTOIA 2005 have effect;
- “*tax representative*” means a tax representative under this section.
##### 552B
- (1) It shall be the duty of an overseas insurer’s tax representative to secure (where appropriate by acting on the overseas insurer’s behalf) that the relevant duties are discharged by or on behalf of the overseas insurer.
- (2) For the purposes of this section “*the relevant duties*” are—
- (a) the duties imposed by section 552,
- (b) the duties imposed by section 552ZA(2), (4) or (5), and
- (c) any duties imposed by regulations made under subsection (6) of section 552ZA by virtue of subsection (7) of that section,
so far as relating to relevant insurances under which the overseas insurer in question has any obligations.
- (3) An overseas insurer’s tax representative shall be personally liable—
- (a) in respect of any failure to secure the discharge of the relevant duties, and
- (b) in respect of anything done for purposes connected with acting on the overseas insurer’s behalf,
as if the relevant duties were imposed jointly and severally on the tax representative and the overseas insurer.
- (4) In the application of this section in relation to any particular tax representative, it is immaterial whether any particular relevant duty arose before or after his appointment.
- (5) This section has effect in relation to relevant duties relating to chargeable events happening on or after the day by which section 552A(6) requires the nomination of the overseas insurer’s first tax representative to be made.
- (5A) In subsection (5) “*chargeable event*” has the same meaning as in section 552 (see subsection (10) of that section).
- (6) Expressions used in this section and in section 552A have the same meaning in this section as they have in that section.
##### 553A
- (1) A policy of life insurance which, immediately before the happening of a chargeable event or a relevant event—
- (a) is an overseas policy, but
- (b) is not a new non-resident policy,
shall, in relation to that event, be treated for the purposes of this Chapter as if it were a new non-resident policy.
- (2) A policy of life insurance which, immediately before the happening of a relevant event—
- (a) is an overseas policy, and
- (b) is a new non-resident policy,
shall, in relation to that event, be taken for the purposes of this Chapter not to be a qualifying policy.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) In this section—
- “*new non-resident policy*” means a new non-resident policy as defined in paragraph 24 of Schedule 15 (and in subsection (2) above includes a policy treated as such by virtue of subsection (1) above);
- “*overseas policy*” means a policy of life insurance which, by virtue of section 431D(1)(a), forms part of the overseas life assurance business of an insurance company or friendly society;
- “*relevant event*”, in relation to a policy of life insurance, means an event which would be a chargeable event in relation to that policy if the policy were assumed not to be a qualifying policy.
- (5) This section applies in relation to chargeable events and relevant events happening on or after 17th March 1998 in relation to policies of life insurance issued in respect of insurances made on or after that date.
- (6) A policy of life insurance issued in respect of an insurance made before 17th March 1998 shall be treated for the purposes of this section as issued in respect of one made on or after that date if it is varied on or after that date so as to increase the benefits secured or to extend the term of the insurance; and any exercise of rights conferred by the policy shall be regarded for this purpose as a variation.
##### 553B
- (1) A capital redemption policy which immediately before the happening of a chargeable event—
- (a) is an overseas policy, but
- (b) is not a new offshore capital redemption policy,
shall, in relation to that event, be treated for the purposes of this Chapter as if it were a new offshore capital redemption policy.
- (2) In this section—
- “*new offshore capital redemption policy*” has the same meaning as in section 553;
- “*overseas policy*” means a capital redemption policy which, by virtue of section 431D(1)(a), forms part of the overseas life assurance business of an insurance company.
- (3) This section applies in relation to capital redemption policies where the contract is made after the coming into force of the first regulations under section 458A in consequence of which capital redemption business forms part of the overseas life assurance business of an insurance company.
##### 553C
- (1) The Treasury may by regulations make provision imposing a yearly charge to corporation tax in relation to personal portfolio bonds (“yearly" being construed for this purpose by reference to years as defined in section 546(4)).
- (2) Subject to any provision to the contrary made by the regulations, any charge to corporation tax under this section is in addition to any other charge to corporation tax under this Chapter.
- (3) The regulations may make provision with respect to or in connection with all or any of the following—
- (a) the method by which the charge to corporation tax, or any relief, allowance or deduction against or in respect of the tax, is to be imposed or given effect;
- (b) the person who is to be liable for the tax;
- (c) the periods for or in respect of which the tax is to be charged;
- (d) the amounts in respect of which, or by reference to which, the tax is to be charged;
- (e) the period or periods by reference to which those amounts are to be determined;
- (f) the rate or rates at which the tax is to be charged;
- (g) any reliefs, allowances or deductions which are to be given or made against or in respect of the tax;
- (h) the administration of the tax.
- (4) The provision that may be made by the regulations includes provision for imposing the charge to corporation tax by a method which involves—
- (a) treating an event described in the regulations as if it were a chargeable event;
- (b) treating an amount determined in accordance with the regulations as if it were a gain treated as arising on the happening of a chargeable event; or
- (c) deeming an amount determined in accordance with the regulations to be income of a company; . . .
- (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) The provision that may be made in the regulations includes provision for the amount or amounts in respect of which, or by reference to which, the tax is to be charged for periods beginning after the coming into force of the regulations to be determined in whole or in part by reference to periods beginning or ending, premiums paid, or events happening, before, on or after the day on which the Finance Act 1998 is passed.
- (6) The regulations may make provision excluding, or applying (with or without modification), other provisions of this Chapter in relation to policies or contracts which are also personal portfolio bonds.
- (7) In this section, “*personal portfolio bond*” means a policy of life insurance, contract for a life annuity or capital redemption policy under whose terms—
- (a) some or all of the benefits are determined by reference to the value of, or the income from, property of any description (whether or not specified in the policy or contract) or fluctuations in, or in an index of, the value of property of any description (whether or not so specified); and
- (b) some or all of the property, or such an index, may be selected by, or by a person acting on behalf of, the holder of the policy or contract or a person connected with him (or the holder of the policy or contract and a person connected with him);
but a policy or contract is not a personal portfolio bond if the only property or index which may be so selected is of a description prescribed for this purpose in the regulations.
- (8) The regulations may prescribe additional conditions which must be satisfied if a policy or contract is to be a personal portfolio bond.
- (9) The regulations—
- (a) may make different provision for different cases, different circumstances or different periods; and
- (b) may make incidental, consequential, supplemental or transitional provision.
- (9A) The Treasury may by regulations make provision, in relation to any policy or contract to which this subsection applies, for—
- (a) treating an event described in the regulations as if it were a chargeable event, and
- (b) treating an amount determined in accordance with the regulations as if it were a gain treated as arising on the happening of a chargeable event.
- (9B) Regulations under subsection (9A) may make such provision for the purposes only of enabling the gain to be taken into account in the application of this Chapter to the policy or contract on the later happening of a chargeable event.
- (9C) Regulations under subsection (9A) may make any provision for the calculation of the amount of the gain which regulations under subsection (1) may make for the calculation of the amount charged to corporation tax by virtue of regulations under that subsection.
- (9D) Subsections (6), (8) and (9) apply to regulations under subsection (9A).
- (9E) Subsection (9A) applies to a policy or contract if—
- (a) it is a personal portfolio bond, and
- (b) liability in respect of a gain arising in relation to it would arise by virtue of any of sections 464 to 468 of ITTOIA 2005 (persons liable for tax under Chapter 9 of Part 4 of that Act).
- (10) In this section, “holder", in the case of a policy or contract held by two or more persons, includes a reference to any of those persons.
- (11) Section 839 (connected persons) applies for the purposes of this section.
##### 559A
- (1) A sum deducted under section 559 from a payment made by a contractor—
- (a) shall be paid to the Board, and
- (b) shall be treated for the purposes of income tax or, as the case may be, corporation tax as not diminishing the amount of the payment.
- (2) If the sub-contractor is not a company a sum deducted under section 559 and paid to the Board shall be treated as being income tax paid in respect of the sub-contractor’s relevant profits.
If the sum is more than sufficient to discharge his liability to income tax in respect of those profits, so much of the excess as is required to discharge any liability of his for Class 4 contributions shall be treated as being Class 4 contributions paid in respect of those profits.
- (3) If the sub-contractor is a company—
- (a) a sum deducted under section 559 and paid to the Board shall be treated, in accordance with regulations, as paid on account of any relevant liabilities of the sub-contractor;
- (b) regulations shall provide for the sum to be applied in discharging relevant liabilities of the year of assessment in which the deduction is made;
- (c) if the amount is more than sufficient to discharge the sub-contractor’s relevant liabilities, the excess may be treated, in accordance with the regulations, as being corporation tax paid in respect of the sub-contractor’s relevant profits; and
- (d) regulations shall provide for the repayment to the sub-contractor of any amount not required for the purposes mentioned in paragraphs (b) and (c).
- (4) For the purposes of subsection (3) the “*relevant liabilities*” of a sub-contractor are any liabilities of the sub-contractor, whether arising before or after the deduction is made, to make a payment to a collector of inland revenue in pursuance of an obligation as an employer or contractor.
- (5) In this section—
- (a) “*the sub-contractor*” means the person for whose labour (or for whose employees’ or officers’ labour) the payment is made;
- (b) references to the sub-contractor’s “*relevant profits*” are to the profits from the trade, profession or vocation carried on by him in the course of which the payment was received;
- (c) “*Class 4 contributions*” means Class 4 contributions within the meaning of the Social Security Contributions and Benefits Act 1992 or the Social Security Contributions and Benefits (Northern Ireland) Act 1992.
- (6) References in this section to regulations are to regulations made by the Board.
- (7) Regulations under this section—
- (a) may contain such supplementary, incidental or consequential provision as appears to the Board to be appropriate, and
- (b) may make different provision for different cases.
#### Individuals qualifying for relief.
### Chapter 5A — Share loss relief
### Relief for losses on unquoted shares in trading companies
##### 576A
- (1) For the purposes of this Chapter a qualifying trading company is a company which meets each of conditions A to D.
- (2) Condition A is that the company either—
- (a) meets each of the following requirements on the date of the disposal—
- (i) the trading requirement (see section 576B),
- (ii) the control and independence requirement (see section 576D),
- (iii) the qualifying subsidiaries requirement (see section 576E), and
- (iv) the property managing subsidiaries requirement (see section 576F), or
- (b) has ceased to meet any of those requirements at a time which is not more than 3 years before that date and has not since that time been an excluded company, an investment company or a trading company.
- (3) Condition B is that the company either—
- (a) has met each of the requirements mentioned in condition A for a continuous period of 6 years ending on that date or at that time, or
- (b) has met each of those requirements for a shorter continuous period ending on that date or at that time and has not before the beginning of that period been an excluded company, an investment company or a trading company.
- (4) Condition C is that the company—
- (a) met the gross assets requirement (see section 576G) both immediately before and immediately after the issue of the shares in respect of which the relief is claimed under this Chapter, and
- (b) met the unquoted status requirement (see section 576H) at the relevant time within the meaning of that section.
- (5) Condition D is that the company has carried on its business wholly or mainly in the United Kingdom throughout the period—
- (a) beginning with the incorporation of the company or, if later, 12 months before the shares in question were issued, and
- (b) ending with the date of the disposal.
### Qualifying trading companies: the requirements
##### 576B
- (1) The trading requirement is that—
- (a) the company, disregarding any incidental purposes, exists wholly for the purpose of carrying on one or more qualifying trades, or
- (b) the company is a parent company and the business of the group does not consist wholly or as to a substantial part in the carrying on of non-qualifying activities.
- (2) If the company intends that one or more other companies should become its qualifying subsidiaries with a view to their carrying on one or more qualifying trades—
- (a) the company is treated as a parent company for the purposes of subsection (1)(b), and
- (b) the reference in subsection (1)(b) to the group includes the company and any existing or future company that will be its qualifying subsidiary after the intention in question is carried into effect.
This subsection does not apply at any time after the abandonment of that intention.
- (3) For the purpose of subsection (1)(b) the business of the group means what would be the business of the group if the activities of the group companies taken together were regarded as one business.
- (4) For the purpose of determining the business of a group, activities are disregarded to the extent that they are activities carried on by a mainly trading subsidiary otherwise than for its main purpose.
- (5) For the purposes of determining the business of a group, activities of a group company are disregarded to the extent that they consist in—
- (a) the holding of shares in or securities of a qualifying subsidiary of the parent company,
- (b) the making of loans to another group company,
- (c) the holding and managing of property used by a group company for the purpose of one or more qualifying trades carried on by a group company, or
- (d) the holding and managing of property used by a group company for the purpose of research and development from which it is intended—
- (i) that a qualifying trade to be carried on by a group company will be derived, or
- (ii) that a qualifying trade carried on or to be carried on by a group company will benefit.
- (6) Any reference in subsection (5)(d)(i) or (ii) to a group company includes a reference to any existing or future company which will be a group company at any future time.
- (7) In this section—
- “*excluded activities*” has the meaning given by section 192 of ITA 2007 read with sections 193 to 199 of that Act,
- “*group*” means a parent company and all its qualifying subsidiaries,
- “*group company*”, in relation to a group, means the parent company or any of its qualifying subsidiaries,
- “*incidental purposes*” means purposes having no significant effect (other than in relation to incidental matters) on the extent of the activities of the company in question,
- “*mainly trading subsidiary*” means a subsidiary which, apart from incidental purposes, exists wholly for the purpose of carrying on one or more qualifying trades, and any reference to the main purpose of such a subsidiary is to be read accordingly,
- “*non-qualifying activities*” means—excluded activities, andactivities (other than research and development) carried on otherwise than in the course of a trade,
- “*parent company*” means a company that has one or more qualifying subsidiaries,
- “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007,
- “*qualifying trade*” has the meaning given by section 189 of that Act,
- “*research and development*” has the meaning given by section 837A.
- (8) In sections 189(1)(b) and 194(4)(c) of ITA 2007 (as applied by subsection (7) for the purposes of the definitions of “excluded activities” and “qualifying trade”) “*period B*” means the continuous period that is relevant for the purposes of section 576A(3).
- (9) In section 195 of ITA 2007 as applied by subsection (7) for the purposes mentioned in subsection (8), references to the issuing company are to be read as references to the company mentioned in subsection (1).
#### Companies with interests in land.
##### 576C
- (1) A company is not regarded as ceasing to meet the trading requirement by reason only of anything done in consequence of the company or any of its subsidiaries being in administration or receivership.
This has effect subject to subsections (2) and (3).
- (2) Subsection (1) applies only if—
- (a) the entry into administration or receivership, and
- (b) everything done as a result of the company concerned being in administration or receivership,
is for genuine commercial reasons, and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.
- (3) A company ceases to meet the trading requirement if before the time that is relevant for the purposes of section 576A(2)—
- (a) a resolution is passed, or an order is made, for the winding up of the company or any of its subsidiaries (or, in the case of a winding up otherwise than under the Insolvency Act 1986 or the Insolvency (Northern Ireland) Order 1989, any other act is done for the like purpose), or
- (b) the company or any of its subsidiaries is dissolved without winding up.
This is subject to subsection (4).
- (4) Subsection (3) does not apply if —
- (a) the winding up is for genuine commercial reasons, and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax, and
- (b) the company continues, during the winding up, to be a trading company.
- (5) References in this section to a company being “in administration” or “in receivership” are to be read in accordance with section 252 of ITA 2007.
##### 576D
- (1) The control element of the requirement is that—
- (a) the company must not control (whether on its own or together with any person connected with it) any company which is not a qualifying subsidiary of the company, and
- (b) no arrangements must be in existence by virtue of which the company could fail to meet paragraph (a) (whether at a time during the continuous period that is relevant for the purposes of section 576A(3) or otherwise).
- (2) The independence element of the requirement is that—
- (a) the company must not—
- (i) be a 51% subsidiary of another company, or
- (ii) be under the control of another company (or of another company and any other person connected with that other company), without being a 51% subsidiary of that other company, and
- (b) no arrangements must be in existence by virtue of which the company could fail to meet paragraph (a) (whether at a time during the continuous period that is relevant for the purposes of section 576A(3) or otherwise).
- (3) This section is subject to section 576J(3).
- (3A) Section 839 (connected persons) applies for the purposes of this section.
- (4) In this section—
- “*arrangements*” includes any scheme, agreement or understanding, whether or not legally enforceable,
- “control” is to be read as follows—in subsection (1)(a), in accordance with section 416(2) to (6),in subsection (2)(a), in accordance with section 840,
- “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007.
#### Restriction of relief where amounts raised exceed permitted maximum.
##### 576E
- (1) The qualifying subsidiaries requirement is that any subsidiary that the company has must be a qualifying subsidiary of the company.
- (2) In this section “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007.
##### 576F
- (1) The property managing subsidiaries requirement is that any property managing subsidiary that the company has must be a qualifying 90% subsidiary of the company.
- (2) In this section—
- “*property managing subsidiary*” has the meaning given by section 188(2) of ITA 2007,
- “*qualifying 90% subsidiary*” has the meaning given by section 190 of that Act.
##### 576G
- (1) The gross assets requirement in the case of a single company is that the value of the company's gross assets—
- (a) must not exceed £7 million immediately before the shares in respect of which the relief is claimed under this Chapter are issued, and
- (b) must not exceed £8 million immediately afterwards.
- (2) The gross assets requirement in the case of a parent company is that the value of the group assets—
- (a) must not exceed £7 million immediately before the shares in respect of which the relief is claimed under this Chapter are issued, and
- (b) must not exceed £8 million immediately afterwards.
- (3) The value of the group assets means the aggregate of the values of the gross assets of each of the members of the group, disregarding any that consist in rights against, or shares in or securities of, another member of the group.
- (4) In this section—
- “*group*” means a parent company and its qualifying subsidiaries,
- “*parent company*” means a company that has one or more qualifying subsidiaries,
- “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007, and
- “*single company*” means a company that does not have one or more qualifying subsidiaries.
##### 576H
- (1) The unquoted status requirement is that, at the time (“*the relevant time*”) at which the shares in respect of which the relief is claimed under this Chapter are issued—
- (a) the company must be an unquoted company,
- (b) there must be no arrangements in existence for the company to cease to be an unquoted company, and
- (c) there must be no arrangements in existence for the company to become a subsidiary of another company (“the new company”) by virtue of an exchange of shares, or shares and securities, if—
- (i) section 576J applies in relation to the exchange, and
- (ii) arrangements have been made with a view to the new company ceasing to be an unquoted company.
- (2) The arrangements referred to in subsection (1)(b) and (c)(ii) do not include arrangements in consequence of which any shares, stocks, debentures or other securities of the company or the new company are at any subsequent time—
- (a) listed on a stock exchange that is a recognised stock exchange by virtue of an order made under section 1005 of ITA 2007, or
- (b) listed on an exchange, or dealt in by any means, designated by an order made for the purposes of section 184(3)(b) or (c) of that Act,
if the order was made after the relevant time.
- (3) In this section—
- “*arrangements*” includes any scheme, agreement or understanding, whether or not legally enforceable,
- “*debenture*” has the meaning given by section 744 of the Companies Act 1985,
- “*unquoted company*” has the meaning given by section 184(2) of ITA 2007.
##### 576I
The Treasury may by order make such amendments of sections 576B to 576H as they consider appropriate.
### Qualifying trading companies: supplementary provisions
##### 576J
- (1) This section and section 576K apply in relation to shares if—
- (a) a company (“the new company”) in which the only issued shares are subscriber shares acquires all the shares (“old shares”) in another company (“the old company”),
- (b) the consideration for the old shares consists wholly of the issue of shares (“new shares”) in the new company,
- (c) the consideration for the new shares of each description consists wholly of old shares of the corresponding description,
- (d) new shares of each description are issued to the holders of old shares of the corresponding description in respect of and in proportion to their holdings, and
- (e) by virtue of section 127 of the 1992 Act as applied by section 135(3) of that Act (company reconstructions etc), the exchange of shares is not to be treated as involving a disposal of the old shares or an acquisition of the new shares.
In this subsection references to shares, except the first and that in the expression “subscriber shares”, include securities.
- (2) For the purposes of this Chapter the exchange of shares is not regarded as involving any disposal of the old shares or any acquisition of the new shares.
- (3) Nothing in section 576D (the control and independence requirement) applies in relation to such an exchange of shares, or shares and securities, as is mentioned in subsection (1), or arrangements with a view to such an exchange.
- (4) For the purposes of this section old shares and new shares are of a corresponding description if, on the assumption that they were shares in the same company, they would be of the same class and carry the same rights.
- (5) References in section 576K to “old shares”, “new shares”, “the old company” and “the new company” are to be read in accordance with this section.
##### 576K
- (1) Subsection (2) applies if, in the case of any new shares held by a company or by a nominee for a company, the old shares for which they were exchanged were shares that had been subscribed for by the company (“the investor”).
- (2) This Chapter has effect as if—
- (a) the new shares had been subscribed for by the investor at the time when, and for the amount for which, the old shares were subscribed for by the investor,
- (b) the new shares had been issued by the new company at the time when the old shares were issued to the investor by the old company, and
- (c) any requirements of this Chapter which were met at any time before the exchange by the old company had been met at that time by the new company.
- (3) Section 573(6) applies for the purposes of this section.
- (4) Nothing in subsection (2) applies in relation to section 195(7) of ITA 2007 as applied by section 576B(7) above for the purposes mentioned in section 576B(8).
### Supplemental
##### 576L
- (1) In this Chapter (subject to subsections (2) to (5))—
- “*excluded company*” means a company which—has a trade which consists wholly or mainly of dealing in land, in commodities or futures or in shares, securities or other financial instruments,has a trade which is not carried on on a commercial basis and in such a way that profits in the trade can reasonably be expected to be realised,is a holding company of a group other than a trading group, oris a building society or a registered industrial and provident society,
- “group” (except in sections 576B and 576G) means a company which has one or more 51% subsidiaries together with that or those subsidiaries,
- “*holding company*” means a company whose business consists wholly or mainly in the holding of shares or securities of companies which are its 51% subsidiaries,
- “*investment company*” has the meaning given by section 130 except that it does not include the holding company of a trading group,
- “*registered industrial and provident society*” means a society registered or treated as registered under the Industrial and Provident Societies Act 1965 or the Industrial and Provident Societies Act (Northern Ireland) Act 1969,
- “shares”—includes stock, butdoes not include shares or stock not forming part of a company's ordinary share capital,
- “*trading company*” means a company other than an excluded company which is—a company whose business consists wholly or mainly of the carrying on of a trade or trades, orthe holding company of a trading group, and
- “*trading group*” means a group the business of whose members, when taken together, consists wholly or mainly in the carrying on of a trade or trades.
- (2) Except as provided by subsection (3), paragraph (b) of the definition of “shares” in subsection (1) does not apply in the definition of “excluded company” in subsection (1) or in section 576J(1) to (4).
- (3) Paragraph (b) of that definition applies in relation to the first reference to “shares” in section 576J(1).
- (4) The definition of “shares” in subsection (1) does not apply in sections 576B(5)(a), 576G(3) and 576H(1)(c) and (2).
- (5) For the purposes of the definition of “trading group” in subsection (1), any trade carried on by a subsidiary which is an excluded company is treated as not constituting a trade.
#### Husband and wife.
##### 577A
- (1) In computing profits chargeable to corporation tax under . . . Schedule D, no deduction shall be made for any expenditure incurred —
- (a) in making a payment the making of which constitutes the commission of a criminal offence, or
- (b) in making a payment outside the United Kingdom where the making of a corresponding payment in any part of the United Kingdom would constitute a criminal offence there.
- (1A) In computing profits chargeable to corporation tax under . . . Schedule D, no deduction shall be made for any expenditure incurred in making a payment induced by a demand constituting—
- (a) the commission in England or Wales of the offence of blackmail under section 21 of the Theft Act 1968,
- (b) the commission in Northern Ireland of the offence of blackmail under section 20 of the Theft Act (Northern Ireland) 1969, or
- (c) the commission in Scotland of the offence of extortion.
- (2) Any expenditure mentioned in subsection (1) or (1A) above—
- (a) shall not be included in computing any expenses of management in respect of which relief may be given under the Corporation Tax Acts; and
- (b) shall not be brought into account under section 76 as expenses payable.
##### 578A
- (1) This section provides for a reduction in the amounts—
- (a) allowable as deductions in computing profits chargeable to corporation tax under Case I or II of Schedule D, or
- (b) which can be included as expenses of management of a company with investment business (as defined by section 130),. . . or
- (bb) which can be brought into account under section 76 as expenses payable,
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
for expenditure on the hiring of a car to which this section applies.
- (2) This section applies to the hiring of a car—
- (a) which is not a qualifying hire car, and
- (b) the retail price of which when new exceeds £12,000.
“Car” and “qualifying hire car” are defined by section 578B.
- (2A) This section does not apply to the hiring of a car, other than a motorcycle, if—
- (a) it is an electrically-propelled car, or
- (b) it is a car with low CO₂ emissions.
- (2B) In subsection (2A) above—
- “*car*” has the meaning given by section 578B;
- “*car with low CO₂ emissions*” has the meaning given by section 45D of the Capital Allowances Act 2001 (expenditure on cars with low CO₂ emissions to be first-year qualifying expenditure);
- “*electrically-propelled car*” has the meaning given by that section.
- (3) The amount which would, apart from this section, be allowable or capable of being included must be reduced by multiplying it by the fraction—
$£12,000+P2P$
where P is the retail price of the car when new.
- (4) If an amount has been reduced under subsection (3) and subsequently—
- (a) there is a rebate (however described) of the rentals, or
- (b) there occurs in connection with the rentals a transaction that falls within section 94 (debts deducted and subsequently released),
the amount otherwise taxable in respect of the rebate or transaction must be reduced by multiplying it by the fraction in subsection (3) above.
##### 578B
- (1) In section 578A “car” means a mechanically propelled road vehicle other than one—
- (a) of a construction primarily suited for the conveyance of goods or burden of any description, or
- (b) of a type not commonly used as a private vehicle and unsuitable for such use.
References to a car accordingly include a motor cycle.
- (2) For the purposes of section 578A, a car is a qualifying hire car if—
- (a) it is hired under a hire-purchase agreement (within the meaning of section 784(6)) under which there is an option to purchase exercisable on the payment of a sum equal to not more than 1 per cent. of the retail price of the car when new, or
- (b) it is a qualifying hire car for the purposes of Part 2 of the Capital Allowances Act (under section 82 of that Act).
- (3) In section 578A and this section “*new*” means unused and not second-hand.
- (4) The power under section 74(4) of the Capital Allowances Act to increase or further increase the sums of money specified in Chapter 8 of Part 2 of that Act includes the power to increase or further increase the sum of money specified in section 578A(2)(b) or (3).
##### 580A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 203L
##### 580B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 206A
##### 580C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 207A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### PAYE: payment by intermediary.
##### 209A
- (1) Subsection (3AA) of section 209 does not apply in relation to a security issued by a company (the “*issuing company*”) if the security is one which to a significant extent reflects dividends or other distributions in respect of, or fluctuations in the value of, shares in one or more companies each of which is—
- (a) the issuing company; or
- (b) an associated company of the issuing company;
but this subsection is subject to the following provisions of this section.
- (2) Subsection (1) above does not prevent subsection (3AA) of section 209 above from applying in relation to a security if—
- (a) the issuing company is a bank or securities house;
- (b) the security is issued by the issuing company in the ordinary course of its business; and
- (c) the security reflects dividends or other distributions in respect of, or fluctuations in the value of, shares in companies falling within paragraph (a) or (b) of subsection (1) above by reason only that the security reflects fluctuations in a qualifying index.
- (3) In subsection (2)(c) above “*qualifying index*” means an index whose underlying subject matter includes both—
- (a) shares in one or more companies falling within paragraph (a) or (b) of subsection (1) above, and
- (b) shares in one or more companies falling within neither of those paragraphs,
and which is an index such that the shares falling within paragraph (b) above represent a significant proportion of the market value of the underlying subject matter of the index.
- (4) In this section—
- “*bank*” has the meaning given by section 840A;
- “*securities house*” means any person—who is authorised for the purposes of the Financial Services and Markets Act 2000; andwhose business consists wholly or mainly of dealing in financial instruments as principal;and in paragraph (b) above “*financial instrument*” has the meaning given by section 349(5) and (6).
- (5) For the purposes of this section a company is an “*associated company*” of another at any time if at that time one has control of the other or both are under the control of the same person or persons.
- (6) For the purposes of subsection (5) above, “*control*”, in relation to a company, means the power of a person to secure—
- (a) by means of the holding of shares or the possession of voting power in or in relation to the company or any other company, or
- (b) by virtue of any powers conferred by the articles of association or other document regulating the company or any other company,
that the affairs of the company are conducted in accordance with his wishes.
- (7) There shall be left out of account for the purposes of subsection (6) above—
- (a) any shares held by a company, and
- (b) any voting power or other powers arising from shares held by a company,
if a profit on a sale of the shares would be treated as a trading receipt of a trade carried on by the company and the shares are not, within the meaning of Chapter 1 of Part 12, assets of an insurance company’s long-term insurance fund (see section 431(2)).
##### 209B
- (1) Subsection (3AA) of section 209 does not at any time apply in relation to a security issued by a company (the “*issuing company*”) if at that time, or any earlier time on or after 17th April 2002, there are or have been any hedging arrangements that relate to some or all of the company’s liabilities under the security.
- (2) Subsection (1) above does not prevent subsection (3AA) of section 209 from applying in relation to a security at any time if—
- (a) conditions 1 to 4 below are satisfied in relation to any such hedging arrangements at that time; and
- (b) at all earlier times on or after 17th April 2002 when there have been hedging arrangements that relate to some or all of the company’s liabilities under the security, conditions 1 to 4 below were satisfied in relation to those hedging arrangements.
- (3) Where subsection (3AA) of section 209 at any time ceases to apply in relation to a security by virtue of this section, subsection (2)(d) of that section shall have effect in relation to the security as from that time as it would have had effect if subsection (3AA) had never applied in relation to the security.
- (4) Condition 1 is that the hedging arrangements do not constitute, include, or form part of, any scheme or arrangement the purpose or one of the main purposes of which is the avoidance of tax (including stamp duty or stamp duty land tax).
- (5) Condition 2 is that the hedging arrangements are such that, where for the purposes of corporation tax a deduction in respect of the security falls to be made at any time by the issuing company, then at that time, or within a reasonable time before or after it, any amounts intended under the hedging arrangements to offset some or all of that deduction arise—
- (a) to the issuing company; or
- (b) to a company which is a member of the same group of companies as the issuing company.
- (6) Condition 3 is that the whole of every amount arising as mentioned in subsection (5) above is brought into charge to corporation tax—
- (a) by a company falling within paragraph (a) or (b) of that subsection, or
- (b) by two or more companies, taken together, each of which falls within paragraph (a) or (b) of that subsection.
- (7) Condition 4 is that for the purposes of corporation tax any deductions in respect of expenses of establishing or administering the hedging arrangements are reasonable, in proportion to the amounts required to be brought into charge to corporation tax by subsection (6) above.
- (8) For the purposes of this section “*hedging arrangements*”, in relation to a security, means any scheme or arrangement for the purpose, or for purposes which include the purpose, of securing that an amount of income or gain accrues, or is received or receivable, whether directly or indirectly, which is intended to offset some or all of the amounts which fall to be brought into account, in accordance with generally accepted accounting practice, in respect of amounts accruing or falling to be paid in accordance with the terms of the security.
- (9) Any reference in this section to two companies being members of the same group of companies is a reference to their being members of the same group of companies for the purposes of Chapter 4 of Part 10 of this Act (group relief).
##### 213A
- (1) A reference in the Corporation Tax Acts to distributions of a company shall not apply to a distribution if—
- (a) it is a distribution consisting of—
- (i) the transfer of part of a business by a company (“the distributing company”) to one or more other companies (“the transferee company or companies”), and
- (ii) the issue of shares by the transferee company or companies to the members of the distributing company, and
- (b) the requirements of either section 140A(1A) of the 1992 Act (division of UK business) or section 140C(1A) of that Act (division of non-UK business) are satisfied in relation to the distribution.
- (2) A distribution to which this section applies is an “*exempt distribution*” for the purposes of sections 214 to 217.
- (3) The expression “*relevant company*” in sections 214 to 217 includes the distributing company and the transferee company or companies.
### Industrial and provident society dividends etc
##### 230A
- (1) This section applies if—
- (a) a dividend or bonus is granted by a registered industrial and provident society, and
- (b) section 132 (deduction for dividends etc granted by industrial and provident societies) of CTA 2009 allows the sum representing the dividend or bonus to be deducted in calculating the profits of a trade.
- (2) The dividend, or the bonus, is not treated as a distribution for the purposes of the Corporation Tax Acts.
##### 231A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 231AA
- (1) A person shall not be entitled to a tax credit under section 231 above or section 397(1) of ITTOIA 2005 in respect of a qualifying distribution if—
- (a) he is the borrower under a stock lending arrangement or the interim holder under a repurchase agreement;
- (b) the qualifying distribution is, or is a payment representative of, a distribution in respect of securities to which the arrangement or agreement relates; and
- (c) a manufactured dividend representative of that distribution is paid by that person in respect of securities to which the arrangement or agreement relates.
- (1A) Where subsection (1) above applies to a person resident in the United Kingdom in respect of a qualifying distribution, section 399(2) of ITTOIA 2005 (certain persons to be treated as having paid income tax at dividend ordinary rate on certain distributions etc) shall not apply in relation to that person in respect of that distribution.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) In this section “*stock lending arrangement*” has the same meaning as in section 263B of the 1992 Act and, in relation to any such arrangement, any reference to the borrower, or the securities to which the arrangement relates, shall be construed accordingly.
- (3) For the purposes of this section the cases where there is a repurchase agreement are the following—
- (a) any case falling within subsection (1) of section 730A; and
- (b) any case which would fall within that subsection if the sale price and the repurchase price were different;
and, in any such case, any reference to the interim holder, or the securities to which the agreement relates, shall be construed accordingly.
- (4) For the purposes of this section “*manufactured dividend*” has the same meaning as in paragraph 2 of Schedule 23A (and any reference to a manufactured dividend being paid accordingly includes a reference to a payment falling by virtue of section 736B(2) or 737A(5) to be treated for the purposes of Schedule 23A as if it were made).
##### 231AB
- (1) A person shall not be entitled to a tax credit under section 231 above or section 397(1) of ITTOIA 2005 in respect of a qualifying distribution if—
- (a) he is the original owner under a repurchase agreement;
- (b) the qualifying distribution is a manufactured dividend paid to that person by the interim holder under the repurchase agreement in respect of securities to which the agreement relates; and
- (c) the repurchase agreement is not such that the actual dividend which the manufactured dividend represents is receivable otherwise than by the original owner.
- (1A) Where subsection (1) above applies to a person resident in the United Kingdom in respect of a qualifying distribution, section 399(2) of ITTOIA 2005 (certain persons to be treated as having paid income tax at dividend ordinary rate on certain distributions etc) shall not apply in relation to that person in respect of that distribution.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) For the purposes of this section the cases where there is a repurchase agreement are the following—
- (a) any case falling within subsection (1) of section 730A; and
- (b) any case which would fall within that subsection if the sale price and the repurchase price were different;
and, in any such case, any reference to the original owner, the interim holder, or the securities to which the agreement relates, shall be construed accordingly.
- (3) Subsection (4) of section 231AA applies for the purposes of this section as it applies for the purposes of that section.
##### 231B
- (1) This section applies in any case where—
- (a) a person (“A”) is entitled to a tax credit in respect of a qualifying distribution;
- (b) arrangements subsist such that another person (“B”) obtains, whether directly or indirectly, a payment representing any of the value of the tax credit;
- (c) the arrangements (whether or not made directly between A and B) were entered into for an unallowable purpose; and
- (d) the condition in subsection (2) below is satisfied.
- (2) The condition is that if B had been the person entitled to the tax credit and the qualifying distribution to which it relates, and had received the distribution when it was made, then—
- (a) B would not have been entitled to obtain any payment under section 231(2) or (3) in respect of the tax credit; and
- (b) if B is a company, B could not have used the income consisting of the distribution to frank a distribution actually made in the accounting period in which it would have received the distribution to which the tax credit relates.
- (3) This section does not apply if and to the extent that any other provision of the Tax Acts has the effect of cancelling or reducing the tax advantage which would otherwise be obtained by virtue of the arrangements.
- (4) Where this section applies—
- (a) no claim shall be made under section 231(2) for payment of the amount of the tax credit;
- (b) no claim shall be made under section 397(2) of ITTOIA 2005. . . in respect of the tax credit;
- (c) the income consisting of the distribution in respect of which A is entitled to the tax credit shall not be regarded for the purposes of section 241 as franked investment income; and
- (d) no claim shall be made under section 35 of the Finance (No. 2) Act 1997 (transitional relief) for payment of an amount determined by reference to that distribution.
- (5) For the purposes of this section, the question whether any arrangements were entered into for an “unallowable purpose” shall be determined in accordance with subsections (6) and (7) below.
- (6) Arrangements are entered into for an unallowable purpose if the purposes for which at least one person is a party to the arrangements include a purpose which is not amongst the business or other commercial purposes of that person.
- (7) Where one of the purposes for which a person enters into any arrangements is the purpose of securing that that person or another obtains a tax advantage, that purpose shall be regarded as a business or other commercial purpose of the person only if it is neither the main purpose, nor one of the main purposes, for which the person enters into the arrangements.
- (8) Any reference in this section to a person obtaining a tax advantage includes a reference to a person obtaining a payment representing any of the value of a tax credit in circumstances where, had the person obtaining the payment been entitled to the tax credit and the qualifying distribution to which it relates, that person—
- (a) would not have been entitled to obtain any payment under section 231(2) or (3) in respect of the tax credit; and
- (b) if that person is a company, could not have used the income consisting of the distribution to frank a distribution actually made in the accounting period in which it would have received the distribution to which the tax credit relates.
- (9) If an amount representing any of the value of a tax credit to which a person is entitled is applied at the direction of, or otherwise in favour of, some other person (whether by way of set off or otherwise), the case shall be treated for the purposes of this section as one where that other person obtains a payment representing any of the value of the tax credit.
- (10) In determining for the purposes of subsections (2)(b) and (8)(b) b above whether a company could have used the income consisting of the distribution in question to frank a distribution of the company, the company shall be taken to use its actual franked investment income to frank distributions before using the income consisting of the distribution in question.
- (11) References in this section to using franked investment income to frank a distribution of a company have the same meaning as in Chapter V of Part VI.
- (12) In this section—
- “*arrangements*” means arrangements of any kind, whether in writing or not (and includes a series of arrangements, whether or not between the same parties);
- “*business or other commercial purposes*” includes the efficient management of investments;
- “*franked investment income*” has the same meaning as in Chapter V of Part VI and references to income consisting of a distribution shall be construed accordingly;
- “*tax advantage*” has the same meaning as in Chapter I of Part XVII.
#### Section 209(3AA): link to shares of company or associated company
##### 234A
- (1) This section applies where dividend or interest is distributed by a company which is—
- (a) a company within the meaning of the Companies Act 1985 or the Companies (Northern Ireland) Order 1986, or
- (b) a company created by letters patent or by or in pursuance of an Act.
- (2) If the company makes a payment of dividend or interest to any person, and subsection (3) below does not apply, within a reasonable period the company shall send an appropriate statement to that person.
- (3) If the company makes a payment of dividend or interest into a bank or building society account held by any person, within a reasonable period the company shall send an appropriate statement to either—
- (a) the bank or building society concerned, or
- (b) the person holding the account.
- (4) In a case where—
- (a) a statement is received by a person under subsection (2) or (3)(b) above,
- (b) the whole or part of the sum concerned is paid to or on behalf of the person as nominee for another person, and
- (c) the nominee makes a payment of the sum or part to the other person and subsection (5) below does not apply,
within a reasonable period the nominee shall send an appropriate statement to that person.
- (5) In a case where—
- (a) a statement is received by a person under subsection (2) or (3)(b) above,
- (b) the whole or part of the sum concerned is paid to or on behalf of the person as nominee for another person, and
- (c) the nominee makes a payment of the sum or part into a bank or building society account held by the other person,
within a reasonable period the nominee shall send an appropriate statement to either the bank or building society concerned or the other person.
- (6) In the case of a payment of interest which is not a qualifying distribution or part of a qualifying distribution, references in this section to an appropriate statement are to a written statement showing—
- (a) the gross amount which, after deduction of the income tax appropriate to the interest, corresponds to the net amount actually paid,
- (b) the rate and the amount of income tax appropriate to such gross amount,
- (c) the net amount actually paid, and
- (d) the date of the payment.
- (7) In the case of a payment of dividend or interest which is a qualifying distribution or part of a qualifying distribution, references in this section to an appropriate statement are to a written statement showing—
- (a) the amount of the dividend or interest paid,
- (b) the date of the payment, and
- (c) the amount of the tax credit to which a person is entitled in respect of the dividend or interest, or to which a person would be so entitled if he had a right to a tax credit in respect of the dividend or interest.
- (8) In this section “*send*” means send by post.
- (8A) In this section “*bank*” has the meaning given by section 840A.
- (9) If a person fails to comply with subsection (2), (3), (4) or (5) above, the person shall incur a penalty of £60 in respect of each offence, except that the aggregate amount of any penalties imposed under this subsection on a person in respect of offences connected with any one distribution of dividends or interest shall not exceed £600.
- (10) The Board may by regulations provide that where a person is under a duty to comply with subsection (2), (3), (4) or (5) above, the person shall be taken to comply with the subsection if the person either—
- (a) acts in accordance with the subsection concerned, or
- (b) acts in accordance with rules contained in the regulations;
and subsection (9) above shall be construed accordingly.
- (11) Regulations under subsection (10) above may make different provision for different circumstances.
##### 245A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 245B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Chapter VA — Foreign Income Dividends
### Election by company paying dividend
#### Taxation of certain recipients of distributions and in respect of non-qualifying distributions.
##### 246A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Recipient of foreign income dividend
##### 246C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Companies: payments and receipts
##### 246E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246G
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246H
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Foreign source profit and distributable foreign profit
##### 246I
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Matching of dividend with distributable foreign profit
##### 246J
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246K
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246L
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246M
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Repayment or set-off of advance corporation tax
##### 246N
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246P
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246Q
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246R
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### International headquarters companies
##### 246S
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246T
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246U
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246V
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 246W
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Adjustments
##### 246X
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Application of this Chapter
##### 246Y
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Taxation of certain recipients of distributions and in respect of non-qualifying distributions.
### Approved share incentive plans
##### 251A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 251B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 251C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Further interpretation of sections 135 to 139.
##### 251D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 256A
- (1) For the purposes of this Chapter an individual's adjusted net income for a year of assessment is calculated as follows.
*Step 1*
Take the amount of the individual's net income for the year of assessment.
*Step 2*
If in the year of assessment the individual makes, or is treated under section 426 of ITA 2007 as making, a gift that is a qualifying donation for the purposes of Chapter 2 of Part 8 of that Act (gift aid) deduct the grossed up amount of the gift.
*Step 3*
If the individual is given relief in accordance with section 192 of FA 2004 (relief at source) in respect of any contribution paid in the year of assessment under a pension scheme, deduct the gross amount of the contribution.
*Step 4*
Add back any relief under section 266 of this Act given by virtue of subsection (7) of that section (payments for life insurance etc) that was deducted in calculating the individual's net income for the year of assessment.
The result is the individual's adjusted net income for the year of assessment.
- (2) The grossed up amount of a gift is the amount of the gift grossed up by reference to the basic rate for the year of assessment.
- (3) The gross amount of a contribution is the amount of the contribution before deduction of tax under section 192(1) of FA 2004.
##### 256B
In this Chapter “*the minimum amount*” means £2,350.
##### 257AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 257A
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) If the claimant is, for the whole or any part of the year of assessment, a married man whose wife is living with him and whose marriage was entered into before 5th December 2005, and either of them was born before 6th April 1935, he shall (subject to subsection (3A) below) be entitled for that year to an income tax reduction calculated by reference to £2,665 . . . .
- (3) If the claimant is, for the whole or any part of the year of assessment, a married man whose wife is living with him and whose marriage was entered into before 5th December 2005, and either of them
- (a) is at any time within that year of the age of 75 or upwards, and
- (b) was born before 6th April 1935,
he shall (subject to subsection (3A) below) be entitled for that year to an income tax reduction calculated by reference to £2,705 (instead of to the reduction provided for by subsection . . . (2) above).
- (3A) Subsections (2) and (3) above shall not apply in relation to the claimant for any year of assessment if an election made by the claimant and his wife under section 257AB(1)(c) has effect for that year.
- (4) For the purposes of subsection (3) above a person who would have been of or over the age of 75 within the year of assessment if he had not died in the course of it shall be treated as having been of that age within that year.
- (5) In relation to a claimant whose total income for the year of assessment exceeds £12,300, subsections (2) and (3) above shall apply as if the amounts specified in them were reduced by—
- (a) one half of the excess, less
- (b) any reduction made in his allowance under section 257 by virtue of subsection (5) of that section,
. . .
- (5A) The amounts specified in subsections (2) and (3) above shall not by virtue of subsection (5) above be treated as reduced below £1,970.
- (6) A man shall not be entitled by virtue of this section to more than one income tax reduction for any year of assessment; and in relation to a claim by a man who becomes married in the year of assessment and has not previously in the year been entitled to relief under this section, this section shall have effect as if the amounts specified in subsections (2) and (3) above were reduced by one twelfth for each month of the year ending before the date of the marriage.
- In this subsection “*month*” means a month beginning with the 6th day of a month of the calendar year.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 257AB
- (1) This section applies if —
- (a) the claimant is, for the whole or any part of the year of assessment, living with his spouse or civil partner,
- (b) either the claimant or his spouse or civil partner was born before 6th April 1935,
- (c) the marriage or civil partnership was entered into on or after 5th December 2005 or, if the marriage was entered into before that date, an election for this section to apply has effect for that year, and
- (d) the claimant's total income for that year exceeds that of his spouse or civil partner or, if they have the same amount of total income for that year, the claimant is specified in an election as the person to be entitled to relief under this section for that year.
- (2) The claimant shall be entitled for that year to an income tax reduction —
- (a) calculated by reference to £5,975 (if either the claimant or his spouse or civil partner is at any time within that year of the age of 75 or upwards), or
- (b) calculated by reference to £5,905 (in any other case).
- (3) For the purposes of subsection (2)(a) above an individual who would have been of or over the age of 75 within the year of assessment if he had not died in the course of it shall be treated as having been of that age within that year.
- (4) In relation to a claimant whose total income for the year of assessment exceeds £19,500, subsection (2) above applies as if the amounts specified in it were reduced by—
- (a) one half of the excess, less
- (b) any reduction made in his allowance under section 257 by virtue of subsection (5) of that section.
- (5) The amounts specified in subsection (2) above shall not by virtue of subsection (4) above be treated as reduced below £2,280.
- (6) An individual shall not be entitled by virtue of this section to more than one income tax reduction for any year of assessment.
- (7) In relation to a claim by an individual who —
- (a) becomes a spouse or civil partner in the year of assessment, and
- (b) has not previously in the year been entitled to relief under this section,
this section shall have effect as if the amounts specified in subsection (2) above were reduced by one twelfth for each month of the year ending before the date of the marriage or civil partnership.
- In this subsection “*month*” means a month beginning with the 6th day of a month of the calendar year.
- (8) An election under subsection (1)(c) —
- (a) shall be made jointly by the parties to the marriage,
- (b) shall be made before the first year of assessment for which it is to have effect,
- (c) shall have effect for that and each succeeding year of assessment for which any party to the marriage is entitled to relief under this section, and
- (d) shall be irrevocable.
- (9) An election under subsection (1)(d) —
- (a) shall be made jointly by the parties to the marriage or civil partnership, and
- (b) shall be made on or before the 5th anniversary of the 31st January next following the end of the year of assessment to which the election relates.
#### Credit-tokens.
##### 257BA
- (1) An individual may elect that for any year of assessment for which the individual's spouse or civil partner is entitled to relief under section 257A or 257AB—
- (a) the individual shall be entitled (on making a claim) to an income tax reduction calculated by reference to one half of the amount specified in section 257A(5A)or 257AB(5) for that year, and
- (b) the amount by reference to which the calculation of the income tax reduction to which the individual's spouse or civil partner is entitled under section 257A or 257AB is to be made shall be reduced accordingly.
- (2) An individual and the individual's spouse or civil partner may jointly elect that for any year of assessment for which the individual is entitled to relief under section 257A or 257AB—
- (a) the individual's spouse or civil partner shall be entitled (on making a claim) to an income tax reduction calculated by reference to the amount specified in section 257A(5A)or 257AB(5) for that year, and
- (b) the amount that by reference to which the calculation of the income tax reduction to which the individual is entitled under section 257A or 257AB is to be made shall be reduced accordingly . . . .
- (3) An individual may elect that for any year of assessment for which the individual's spouse or civil partner is entitled to relief by virtue of an election under subsection (2) above—
- (a) the individual shall be entitled (on making a claim) to to an income tax reduction calculated by reference to one half of the amount specified in section 257A(5A)or 257AB(5) for that year (in addition to any income tax reduction to which the individual is already entitled under section 257A or 257AB), and
- (b) the amount by reference to which the calculation of the income tax reduction to which the individual's spouse or civil partner is entitled by virtue of that election is to be made shall be reduced accordingly.
- (4) An election under this section shall be made by giving notice to the inspector in such form as the Board may determine and—
- (a) subject to subsections (5) and (7) below, shall be made before the first year of assessment for which it is to have effect, and
- (b) shall have effect for that and each succeeding year of assessment for which the individual concerned is entitled to relief under section 257A or 257AB, subject to its withdrawal under subsection (8) below or a subsequent election under this section.
- (5) An election may be made during the first year of assessment for which it is to have effect if that is the year of assessment in which the marriage or civil partnership takes place.
- (6) Where subsection (5) above applies, the references in subsections (1)(a), (2)(a) and (3)(a) above to the amount specified for the year of assessment in section 257A(5A)or 257AB(5) shall be read as references to that amount reduced in accordance with section 257A(6) or (as the case may be) 257AB(7).
- (7) An election may be made within the first thirty days of the first year of assessment for which it is to have effect if before that year the inspector has been given written notification that it is intended to make the election.
- (8) The person or persons by whom an election was made may withdraw it by giving notice to the inspector in such form as the Board may determine; but the withdrawal shall not have effect until the year of assessment after the one in which the notice is given.
- (9) An individual shall not be entitled by virtue of an election under this section to more than one income tax reduction for any year of assessment.
##### 257BB
- (1) Where—
- (a) an individual is entitled to relief under section 257A or 257AB, but
- (b) the amount of the reduction to which the individual is entitled is determined in accordance with section 256(2)(b) (read with section 25(6)(c) of the Finance Act 1990 where applicable) or, by virtue of the individual's having no income tax liability to which that reduction is applicable, is nil,
the individual's spouse or civil partner shall be entitled (in addition to any reduction to which that spouse or civil partner is entitled by virtue of an election under section 257BA) to an income tax reduction calculated by reference to an amount equal to the unused part of the amount by reference to which the individual's income tax reduction fell to be calculated in pursuance of section 257A or 257AB and any election under section 257BA.
- (2) Subsection (1) above shall not apply for a year of assessment unless the claimant’s spouse or civil partner gives notice to the inspector that it is to apply.
- (3) Where—
- (a) an individual is entitled to relief by virtue of an election under section 257BA, but
- (b) the amount of the reduction to which the individual is entitled is determined in accordance with section 256(2)(b) (read with section 25(6)(c) of the Finance Act 1990 where applicable) or, by virtue of the individual's having no income tax liability to which that reduction is applicable, is nil,
the individual's spouse or civil partner shall be entitled (in addition to any other reduction to which that spouse or civil partner is entitled by virtue of section 257A or 257AB) to an income tax reduction calculated by reference to an amount equal to the unused part of the amount by reference to which the individual's income tax reduction fell to be calculated in pursuance of that election.
- (3A) In this section references, in relation to such an amount as is mentioned in subsection (1)(b) or (3)(b), to the unused part of an amount by reference to which any income tax reduction fell to be calculated are references to so much of it (including, where the amount so mentioned is nil, all of it) as has no practical effect on the determination of the amount so mentioned.
- (4) Subsection (3) above shall not apply for a year of assessment unless the claimant’s spouse or civil partner gives notice to the inspector that it is to apply.
- (5) Any notice under subsection (2) or (4) above—
- (a) shall be given on or before the fifth anniversary of the 31st January next following the end of the year of assessment to which it relates,
- (b) shall be in such form as the Board may determine, and
- (c) shall be irrevocable.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 257B
- (1) Where—
- (a) a man is entitled to relief under section 257A, but
- (b) the amount which he is entitled to deduct from his total income by virtue of that section exceeds what is left of his total income after all other deductions have been made from it,
his wife shall be entitled to a deduction from her total income of an amount equal to the excess.
- (2) In determining for the purposes of subsection (1)(b) above the amount that is left of a person’s total income for a year of assessment after other deductions have been made from it, there shall be disregarded any deduction made—
- (a) on account of any payments of relevant loan interest which become due in that year and to which section 369 applies, or
- (b) under section 289 or
- (c) on account of any payments to which section 593(2) or 639(3) applies,or
- (d) on account of any payments to which section 54(5) of the Finance Act 1989 applies.
, or
- (e) on account of any payments to which section 32(4) of the Finance Act 1991 applies.
- (3) This section shall not apply for a year of assessment unless the claimant’s husband has given to the inspector written notice that it is to apply; and any such notice—
- (a) shall be given not later than six years after the end of the year of assessment to which it relates,
- (b) shall be in such form as the Board may determine, and
- (c) shall be irrevocable.
##### 257C
- (1) If the retail prices index for the month of September preceding a year of assessment is higher than it was for the previous September, then, unless Parliament otherwise determines, sections 257 . . . , 257A and 257AB shall apply for that year as if for each amount specified in them as they applied for the previous year (whether by virtue of this section or otherwise) there were substituted an amount arrived at by increasing the amount for the previous year by the same percentage as the percentage increase in the retail prices index, and—
- (a) if in the case of an amount specified in sections 257(5) , 257A(5) and 257AB(4) the result is not a multiple of £100, rounding it up to the nearest amount which is such a multiple;
- (b) if in the case of any other amount the increase is not a multiple of £10, rounding the increase up to the nearest amount which is such a multiple.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2A) Subsection (1) above shall not require any change to be made in the amounts deductible or repayable under PAYE regulations during the period beginning with 6th April and ending with 17th May in the year of assessment.
- (3) The Treasury shall in each year of assessment make an order specifying the amounts which by virtue of subsection (1) above will be treated as specified for the following year of assessment in sections 257 . . . , 257A and 257AB.
- (4) *This section shall have effect in relation to reliefs for the year* 1990-91 (*as well as for later years*);*and for that purpose it shall be assumed that sections* 257*and* 257A*applied for the year* 1989-90*as they apply, apart from this section, for the year* 1990-91.
##### 257D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 257E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 257F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 261A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 266A
- (1) This section applies if—
- (a) pursuant to a non-approved retirement benefits scheme, the employer in any year of assessment pays a sum with a view to the provision of any relevant benefits for or in respect of any employee of that employer, and
- (b) the payment is made under such an insurance or contract as is mentioned in section 266.
This section applies whether or not the accrual of the relevant benefits is dependent on any contingency.
- (2) Relief, if not otherwise allowable, shall be given to that employee under section 266 in respect of the payment to the extent, if any, to which such relief would have been allowable to him if—
- (a) the payment had been made by him, and
- (b) the insurance or contract under which the payment is made had been made with him.
- (3) For the purposes of subsection (1)(a)—
- (a) a retirement benefits scheme is “non-approved” unless it is—
- (i) an approved scheme,
- (ii) a relevant statutory scheme, or
- (iii) a scheme set up by a government outside the United Kingdom for the benefit of its employees or primarily for their benefit, and
- (b) benefits are provided in respect of an employee if they are provided for the employee’s spouse or civil partner, widow or widower or surviving civil partner, children, dependants or personal representatives.
- (4) Sections 611, 611A and 612 apply for the purposes of this section as they apply for the purposes of Chapter 1 of Part 14.
- (5) Section 388 of ITEPA 2003 (apportionment of payments in respect of more than one employee) applies in relation to a sum within subsection (1) as it applies in relation to a sum within section 386 of that Act (charge on payments to non-approved retirement benefits schemes).
- (6) This section does not apply in any case where either of the following provisions of ITEPA 2003 provides for section 386 of that Act not to apply—
- (a) section 389 (employments where earnings charged on remittance basis), and
- (b) section 390 (non-domiciled employees with foreign employers).
#### Supplementary provisions.
##### 282A
- (1) Subject to the following provisions of this section, income arising from property held in the names of a husband and his wife , or in the names of civil partners of each other, shall for the purposes of income tax be regarded as income to which they are beneficially entitled to equal shares.
- (2) Subsection (1) above shall not apply to income to which neither the husband nor the wife , or neither of the civil partners, is beneficially entitled.
- (3) Subsection (1) above shall not apply to income—
- (a) to which either the husband or the wife , or one of the civil partners, is beneficially entitled to the exclusion of the other, or
- (b) to which they are beneficially entitled in unequal shares,
if a declaration relating to it has effect under section 282B.
- (4) Subsection (1) above shall not apply to—
- (a) earned income, or
- (b) income which is not earned income but to which Part 9 of ITTOIA 2005 (partnerships) applies.
- (4A) Subsection (1) above shall not apply to income consisting of a distribution arising from property consisting of—
- (a) close company shares to which either the husband or the wife , or one of the civil partners, is beneficially entitled to the exclusion of the other, or
- (b) close company shares to which they are beneficially entitled in equal or unequal shares.
In this subsection “*close company shares*” means shares in or securities of a close company; and for this purpose “*shares*” and “*securities*” have the same meaning as in Part 6 (see section 254).
- (5) Subsection (1) above shall not apply to income to which the husband or the wife , or one of the civil partners, is beneficially entitled if or to the extent that it is treated by virtue of any other provision of the Income Tax Acts as the income of the other of them or of a third party.
- (6) References in this section to a husband and his wife are references to a husband and wife living together , and references in this section to civil partners of each other are references to civil partners of each other living together.
##### 282B
- (1) The declaration referred to in section 282A (3) is a declaration by both the husband and the wife , or both the civil partners, of their beneficial interests in—
- (a) the income to which the declaration relates, and
- (b) the property from which that income arises.
- (2) Subject to the following subsections, a declaration shall have effect under this section in relation to income arising on or after the date of the declaration; but a declaration made before 6th June 1990 shall also have effect in relation to income arising before that date.
- (3) A declaration shall not have effect under this section unless notice of it is given to the inspector, in such form and manner as the Board may prescribe, within the period of 60 days beginning with the date of the declaration.
- (4) A declaration shall not have effect under this section in relation to income from property if the beneficial interests of the husband and the wife , or of the civil partners, in the property itself do not correspond to their beneficial interests in the income.
- (5) A declaration having effect under this section shall continue to have effect unless and until the beneficial interests of the husband and wife , or of the civil partners, in either the income to which it relates, or the property from which the income arises, cease to accord with the declaration.
#### Further interpretation of sections 135 to 139.
##### 289A
- (1) Where an individual eligible for relief in respect of any amount subscribed for eligible shares makes a claim, then, subject to the following provisions of this Chapter, the amount of his liability for the year of assessment in which the shares were issued (“*the current year*”) to income tax on his total income shall be the following amount.
- (2) That amount is the amount to which he would be so liable apart from this section less whichever is the smaller of—
- (a) an amount equal to tax at the lower rate for the current year on the amount or, as the case may be, the aggregate of the amounts subscribed for eligible shares issued in that year in respect of which he is eligible for relief, and
- (b) the amount which reduces his liability to nil.
- (3) Subject to subsection (4) below, if in the case of any issue of relevant shares, that is, shares—
- (a) which are issued before 6th October in the current year, and
- (b) in respect of the amount subscribed for which the individual is eligible for relief,
the individual so requests in his claim, subsection (1) above shall apply as if, in respect of such part of that issue as may be specified in his claim, the shares had been issued in the preceding year of assessment; and his liability to income tax for both years of assessment shall be determined accordingly.
- (4) Not more than half of the relevant shares comprised in any issue may be treated by virtue of subsection (3) above as issued in the previous year; and the number of relevant shares (comprised in any issues) so treated as issued in a particular year shall not be such that the total amount subscribed for them exceeds £25,000.
- (5) In determining for the purposes of subsection (2) above the amount of income tax to which a person would be liable apart from this section, no account shall be taken of—
- (a) any income tax reduction under Chapter I of Part VII of this Act or under section 347B,
- (b) any income tax reduction under section 353(1A),
- (c) any income tax reduction under section 54(3A) of the Finance Act 1989,
- (ca) any income tax reduction under paragraph 19(2) of Schedule 16 to the Finance Act 2002 (community investment tax relief),
- (d) any relief by way of a reduction of liability to tax which is given in accordance with any arrangements having effect by virtue of section 788 or by way of a credit under section 790(1), or
- (e) any tax at the basic rate on so much of that person’s income as is income the income tax on which he is entitled to charge against any other person or to deduct, retain or satisfy out of any payment.
- (6) A claim for relief in respect of eligible shares issued by a company shall not be allowed unless subsection (7) below is complied with in relation to the issue of shares in question but, where it is complied with, the relief may be given at any time when it appears that the conditions for the relief may be satisfied.
- (7) This subsection is complied with if—
- (a) in a case where the money raised by an issue of eligible shares is raised wholly for the purpose of a qualifying business activity falling within paragraph (a) of section 289(2), the trade concerned has been carried on for four months by no person other than the qualifying company or a qualifying 90% subsidiary of that company, and
- (b) in a case where the money raised by an issue of eligible shares is raised wholly or partly for the purpose of a qualifying business activity falling within paragraph (b) of that subsection the research and development concerned has been carried on for four months by no person other than the qualifying company or a qualifying 90% subsidiary of that company. . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) Where—
- (a) by reason only of the qualifying company or any other company being wound up or dissolved without winding up—
- (i) the trade concerned is carried on as mentioned in subsection (7)(a) above, or
- (ii) the research and development concerned is carried on as mentioned in subsection (7)(b) above,
for a period shorter than four months, and
- (b) . . . the winding up or dissolution is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax,
subsection (7)(a) or, as the case may be, (7)(b) above shall have effect as if it referred to that shorter period.
- (8A) Where, by reason only of anything done as a consequence of the qualifying company or any other company being in administration or receivership—
- (a) the trade concerned is carried on as mentioned in subsection (7)(a) above for a period shorter than four months, or
- (b) the research and development concerned is carried on as mentioned in subsection (7)(b) above for a period shorter than four months,
subsection (7)(a) or, as the case may be, (7)(b) above shall have effect as if it referred to that shorter period.
This applies only if—
- (a) the entry into administration or receivership, and
- (b) everything done as a consequence of the company concerned being in administration or receivership,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 289B
- (1) References in this Chapter, in relation to any individual, to the relief attributable to any shares or issue of shares shall be read, subject to the provisions of this Chapter providing for the reduction or withdrawal of relief, as references to any reduction made in the individual’s liability to income tax which is attributed to those shares or that issue in accordance with this section.
- (2) Where an individual’s liability to income tax is reduced in any year of assessment (“*the current year*”) under section 289A, then—
- (a) where the reduction is given by reason of an issue of shares made (or treated as made) in the current year, the amount of the reduction shall be attributed to that issue, and
- (b) where the reduction is given by reason of two or more issues of shares made (or treated as made) in the current year, the reduction—
- (i) shall be apportioned between those issues in the same proportions as the amounts subscribed by the individual for each issue, and
- (ii) shall be attributed to those issues accordingly.
- (3) Where under this section an amount of any reduction of income tax is attributed to an issue of shares (“*the original issue*”) in a company to an individual—
- (a) a proportionate part of that amount shall be attributed to each share comprised in the original issue, and
- (b) if any corresponding bonus shares in that company are issued to him at any subsequent time—
- (i) a proportionate part of the total amount attributed immediately before that time to shares comprised in the original issue shall be attributed to each of the shares in the holding comprising those shares and the bonus shares, and
- (ii) this Chapter shall apply as if the original holding had comprised all those shares.
- (3A) In subsection (3) above “*corresponding bonus shares*” means bonus shares which—
- (a) are issued in respect of the shares comprised in the original issue; and
- (b) are of the same class, and carry the same rights, as those shares.
- (4) Subject to subsection (5) below, in this Chapter references (however expressed) to an issue of eligible shares in any company to an individual are references to any eligible shares in the company that are of the same class and are issued to him on the same day, but this subsection does not apply in relation to section 289A(6) and (7).
- (5) Where section 289A(1) applies in the case of any issue of shares as if part of the issue had been issued in a previous year, this section and sections 299(4) and 306(1) shall have effect as if that part and the remainder were separate issues of shares (and that part had been issued on a day in the previous year).
- (6) Where, at a time when any relief is attributable to, or to any part of, any issue of shares, the relief falls to be withdrawn or reduced under this Chapter—
- (a) where it falls to be withdrawn, the relief attributable to each of the shares in question shall be reduced to nil, and
- (b) where it falls to be reduced by any amount, the relief attributable to each of the shares in question shall be reduced by a proportionate part of that amount.
##### 290A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Credit-tokens.
##### 291A
- (1) An individual is not connected with the issuing company by reason only that he, or an associate of his, is a director of that or another company unless he or his associate (or a partnership of which he or his associate is a member)—
- (a) receives a payment from the issuing company or a related person during the period mentioned in section 291(1)(b), or
- (b) is entitled to receive such a payment in respect of that period or any part of it.
- (2) In this section—
- (a) “*related person*”, in relation to the issuing company, means—
- (i) any company of which the individual or his associate is a director and which is a subsidiary or a partner of the issuing company or of a subsidiary, and
- (ii) any person connected with the issuing company or with a company falling within sub-paragraph (i) above, and
- (b) any reference to a payment to an individual includes a payment made to him indirectly or to his order or for his benefit.
- (3) For the purposes of subsection (1) above there shall be disregarded—
- (a) any payment or reimbursement of travelling or other expenses wholly, exclusively and necessarily incurred by him or his associate in the performance of his duties as a director,
- (b) any interest which represents no more than a reasonable commercial return on money lent to the issuing company or a related person,
- (c) any dividend or other distribution which does not exceed a normal return on the investment,
- (d) any payment for the supply of goods which does not exceed their market value,
- (e) any payment of rent for any property occupied by the issuing company or a related person which does not exceed a reasonable and commercial rent for the property, and
- (f) any reasonable and necessary remuneration which —
- (i) is paid for services rendered to the issuing company or related person in the course of a trade or profession carried on wholly or partly in the United Kingdom (not being secretarial or managerial services or services of a kind provided by the person to whom they are rendered), and
- (ii) is taken into account in calculating for tax purposes the profits of that trade or profession.
- (4) An individual (“*the subscriber*”) who subscribes for eligible shares (“*the relevant shares*”) may qualify for the relief notwithstanding his connection with the company at any time in the relevant period if—
- (a) he is so connected by reason only of his, or his associate’s, being a director of, or of a company which is a partner of, the issuing company or a subsidiary in receipt of, or entitled to receive, remuneration as such, and
- (b) the following conditions are satisfied;
and in this subsection and subsection (5) below “*remuneration*” includes any benefit or facility.
- (5) The conditions are that—
- (a) in relation to the director (whether he is the subscriber or his associate), his remuneration, or the remuneration to which he is entitled, (leaving out of account any reasonable and necessary remuneration falling within subsection (3)(f) above) consists only of remuneration which is reasonable remuneration for services rendered to the company of which he is a director in his capacity as such,
- (b) the subscriber was issued with eligible shares (whether the relevant shares or a previous issue of eligible shares) at a time when he had never been—
- (i) connected with the issuing company, or
- (ii) involved in carrying on (whether on his own account or as a partner, director or employee) the whole or any part of the trade carried on by the issuing company or a subsidiary, and
- (c) where the issue of the relevant shares did not satisfy paragraph (b) above, they were not issued after the end of the period—
- (i) beginning with the date of the latest issue of eligible shares which satisfied that paragraph, and
- (ii) ending immediately before the termination date relating to those eligible shares,
and in paragraph (b) above “*trade*” includes any business, profession or vocation . . . .
- (6) In this section “*subsidiary*”, in relation to the issuing company, means a 51 per cent. subsidiary of the issuing company.
##### 291B
- (1) An individual is connected with the issuing company if he directly or indirectly possesses or is entitled to acquire more than 30 per cent. of—
- (a) the issued ordinary share capital of the company or any subsidiary,
- (b) the loan capital and issued share capital of the company or any subsidiary, or
- (c) the voting power in the company or any subsidiary.
- (2) An individual is connected with the issuing company if he directly or indirectly possesses or is entitled to acquire such rights as would, in the event of the winding up of the company or any subsidiary or in any other circumstances, entitle him to receive more than 30 per cent. of the assets of the company or subsidiary (the “*company in question*”) which would then be available for distribution to equity holders of the company in question.
- (3) For the purposes of subsection (2) above—
- (a) the persons who are equity holders of the company in question, and
- (b) the percentage of the assets of the company in question to which the individual would be entitled,
shall be determined in accordance with paragraphs 1 and 3 of Schedule 18, taking references in paragraph 3 to the first company as references to an equity holder and references to a winding up as including references to any other circumstances in which assets of the company in question are available for distribution to its equity holders.
- (4) An individual is connected with a company if he has control of it or of any subsidiary.
- (5) Where an individual subscribes for shares in a company with which (apart from this subsection) he is not connected, he shall nevertheless be treated as connected with it if he subscribes for the shares as part of any arrangement which provides for another person to subscribe for shares in another company with which (assuming it to be an issuing company) that or any other individual who is a party to the arrangement is connected.
- (5A) An individual is not connected with a company by reason only of the fact that one or more shares in the company are held by him, or by an associate of his, at a time when the company—
- (a) has not issued any shares other than subscriber shares; and
- (b) has not begun to carry on, or to make preparations for carrying on, any trade or business.
- (6) In this section “*subsidiary*”, in relation to the issuing company, means a company which at any time in the relevant period is a 51 per cent. subsidiary of the issuing company, whether or not it is such a subsidiary while the individual concerned has, or is entitled to acquire, such capital, voting power, rights or control as are mentioned in this section.
- (7) For the purposes of this section the loan capital of a company shall be treated as including any debt incurred by the company—
- (a) for any money borrowed or capital assets acquired by the company,
- (b) for any right to receive income created in favour of the company, or
- (c) for consideration the value of which to the company was (at the time when the debt was incurred) substantially less than the amount of the debt (including any premium on it).
- (8) For the purposes of this section an individual shall be treated as entitled to acquire anything which he is entitled to acquire at a future date or will at a future date be entitled to acquire, and there shall be attributed to any person any rights or powers of any other person who is an associate of his.
- (9) In determining for the purposes of this section whether an individual is connected with a company, no debt incurred by the company or any subsidiary by overdrawing an account with a person carrying on a business of banking shall be treated as loan capital of the company or subsidiary if the debt arose in the ordinary course of that business.
- (10) Section 840 applies for the purposes of this section.
##### 299A
- (1) An individual is not eligible for relief in respect of any shares in a company if—
- (a) there is a loan made by any person, at any time in the relevant period, to that individual or any associate of his; and
- (b) the loan is one which would not have been made, or would not have been made on the same terms, if that individual had not subscribed for those shares or had not been proposing to do so.
- (2) References in this section to the making by any person of a loan to any individual or an associate of his include references—
- (a) to the giving by that person of any credit to that individual or any associate of his; and
- (b) to the assignment or assignation to that person of any debt due from that individual or any associate of his;
and the references in section 307(6)(ca) to the making of a loan shall be construed accordingly.
- (3) Section 312(1A)(a) applies to determine the relevant period for the purposes of this section.
##### 299B
- (1) An individual is not eligible for relief in respect of any shares in a company if the relevant arrangements include—
- (a) arrangements with a view to the subsequent repurchase, exchange or other disposal of those shares or of other shares in or securities of the same company;
- (b) arrangements for or with a view to the cessation of any trade which is being or is to be or may be carried on by the company or a person connected with the company;
- (c) arrangements for the disposal of, or of a substantial amount of, the assets of the company or of a person connected with the company;
- (d) arrangements the main purpose of which, or one of the main purposes of which, is (by means of any insurance, indemnity or guarantee or otherwise) to provide partial or complete protection for persons investing in shares in that company against what would otherwise be the risks attached to making the investment.
- (2) The arrangements referred to in subsection (1)(a) above do not include any arrangements with a view to such an exchange of shares, or shares and securities, as is mentioned in section 304A(1).
- (3) The arrangements referred to in subsection (1)(b) and (c) above do not include any arrangements applicable only on the winding up of a company except in a case where—
- (a) the relevant arrangements include arrangements for the company to be wound up; or
- (b) the company is wound up otherwise than for bona fide commercial reasons.
- (4) The arrangements referred to in subsection (1)(d) above do not include any arrangements which are confined to the provision—
- (a) for the company itself, or
- (b) in the case of a company which is a parent company of a trading group, for the company itself, for the company itself and one or more of its subsidiaries or for one or more of its subsidiaries,
of any such protection against the risks arising in the course of carrying on its business as it might reasonably be expected so to provide in normal commercial circumstances.
- (5) The reference in subsection (4) above to the parent company of a trading group shall be construed in accordance with the provision contained for the purposes of section 293 in that section.
- (6) In this section “*the relevant arrangements*” means—
- (a) the arrangements under which the shares are issued to the individual; and
- (b) any arrangements made before the issue of the shares to him in relation to or in connection with that issue.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 300A
- (1) Where—
- (a) any relief attributable to any eligible shares comprised in an issue of shares subscribed for by an individual (“*the individual*”) would, in the absence of this section, be reduced or withdrawn under section 300 by reason of a receipt of value within subsection (2) or (5) of that section (“*the original value*”),
- (b) the original supplier receives value (“*the replacement value*”) from the original recipient by virtue of a qualifying receipt, and
- (c) the amount of the replacement value is not less than the amount of the original value,
the receipt of the original value shall be disregarded for the purposes of section 300.
This is subject to subsections (7) and (8) below.
- (2) For the purposes of this section—
- “*the original recipient*” means the person who receives the original value, and
- “*the original supplier*” means the person from whom that value was received.
- (3) Where the amount of the original value is, by virtue of subsection (1BA) of section 300, treated as reduced for the purposes of that section as it applies in relation to the eligible shares in question, the reference in subsection (1)(c) above to the amount of the original value shall be read as a reference to the amount of that value disregarding the reduction.
- (4) A receipt of the replacement value is a qualifying receipt for the purposes of subsection (1) above if it arises—
- (a) by reason of the original recipient doing one or more of the following—
- (i) making a payment to the original supplier, other than a payment which falls within paragraph (c) below or to which subsection (5) below applies;
- (ii) acquiring any asset from the original supplier for a consideration the amount or value of which is more than the market value of the asset;
- (iii) disposing of any asset to the original supplier for no consideration or for a consideration the amount or value of which is less than the market value of the asset;
- (b) where the receipt of the original value was within section 300(2)(d), by reason of an event the effect of which is to reverse the event which constituted the receipt of the original value; or
- (c) where the receipt of the original value was within section 300(5), by reason of the original recipient repurchasing the share capital or securities in question, or (as the case may be) reacquiring the right in question, for a consideration the amount or value of which is not less than the amount of the original value.
- (5) This subsection applies to—
- (a) any payment for any goods, services or facilities, provided (whether in the course of a trade or otherwise) by—
- (i) the original supplier, or
- (ii) any other person who, at any time in the period of restriction, is an associate of, or connected with, that supplier (whether or not he is such an associate, or so connected, at the material time),
which is reasonable in relation to the market value of those goods, services or facilities;
- (b) any payment of any interest which represents no more than a reasonable commercial return on money lent to—
- (i) the original recipient, or
- (ii) any person who, at any time in the period of restriction, is an associate of his (whether or not he is such an associate at the material time);
- (c) any payment for the acquisition of an asset which does not exceed its market value;
- (d) any payment, as rent for any property occupied by—
- (i) the original recipient, or
- (ii) any person who, at any time in the period of restriction, is an associate of his (whether or not he is such an associate at the material time),
of an amount not exceeding a reasonable and commercial rent for the property;
- (e) any payment in discharge of an ordinary trade debt; and
- (f) any payment for shares in or securities of any company in circumstances that do not fall within subsection (4)(a)(ii) above.
- (6) For the purposes of this section, the amount of the replacement value is—
- (a) in a case within paragraph (a) of subsection (4) above, the aggregate of—
- (i) the amount of any payment within sub-paragraph (i) of that paragraph, and
- (ii) the difference between the market value of any asset to which sub-paragraph (ii) or (iii) of that paragraph applies and the amount or value of the consideration (if any) received for it,
- (b) in a case within subsection (4)(b) above, the same as the amount of the original value, and
- (c) in a case within subsection (4)(c) above, the amount or value of the consideration received by the original supplier,
and section 300(4) and (5) shall apply for the purposes of determining the amount of the original value.
- (7) The receipt of the replacement value by the original supplier shall be disregarded for the purposes of this section, as it applies in relation to the eligible shares, to the extent to which that receipt has previously been set (under this section) against any receipts of value which are, in consequence, disregarded for the purposes of section 300 as that section applies in relation to those shares or any other shares subscribed for by the individual.
- (8) The receipt of the replacement value by the original supplier (“*the event*”) shall be disregarded for the purposes of this section if—
- (a) the event occurs before the start of the period of restriction, or
- (b) in a case where the event occurs after the time the original recipient receives the original value, it does not occur as soon after that time as is reasonably practicable in the circumstances, or
- (c) where an appeal has been brought by the individual against an assessment to withdraw or reduce any relief attributable to the eligible shares by reason of the receipt of the original value, the event occurs more than 60 days after the amount of relief which falls to be withdrawn has been finally determined.
But nothing in this section requires the replacement value to be received after the original value.
- (9) Subsection (10) below applies where—
- (a) the receipt of the replacement value by the original supplier is a qualifying receipt (for the purposes of subsection (1) above) in consequence of which any receipts of value are disregarded for the purposes of section 300 as that section applies in relation to the shares in question or any other shares subscribed for by the individual in question, and
- (b) the event which gives rise to the receipt is (or includes) a subscription for shares by—
- (i) the individual, or
- (ii) any person who, at any time in the period of restriction, is an associate of his, whether or not he is such an associate at the material time.
- (10) Where this subsection applies, the person who subscribes for the shares as mentioned in subsection (9)(b) above shall not—
- (a) be eligible for any relief under this Chapter in relation to those shares or any other shares in the same issue, or
- (b) by virtue of his subscription for those shares or any other shares in the same issue, be treated as making a qualifying investment for the purposes of Schedule 5B to the 1992 Act (enterprise investment scheme: reinvestment).
- (11) In this section—
- (a) any reference to a payment to a person (however expressed) includes a reference to a payment made to him indirectly or to his order or for his benefit, and
- (b) references to “*the period of restriction*” are to the period of restriction relating to the shares mentioned in subsection (1)(a) above.
##### 301A
- (1) In this section and section 300 references to a receipt of insignificant value (however expressed) are references to a receipt of an amount of insignificant value.
This is subject to subsection (3) below.
- (2) For the purposes of this section and section 300 “*an amount of insignificant value*” means an amount of value which—
- (a) does not exceed £1,000, or
- (b) if it exceeds that amount, is insignificant in relation to the amount subscribed by the individual in question for the eligible shares in question.
- (3) For the purposes of section 300, if, at any time in the period—
- (a) beginning one year before the eligible shares in question are issued, and
- (b) expiring at the end of the issue date,
arrangements are in existence which provide for the individual in question to receive or to be entitled to receive, at any time in the period of restriction relating to those shares, any value from the company that issued those shares, no amount of value received by the individual shall be treated as a receipt of insignificant value.
- (4) For the purposes of this section—
- (a) references to the individual include references to any person who, at any time in the period of restriction relating to the shares in question, is an associate of his (whether or not he is such an associate at the material time), and
- (b) the reference in subsection (3) above to the company includes a reference to any person who, at any time in the period of restriction relating to the shares in question, is connected with the company (whether or not that person is so connected at the material time).
- (5) For the purposes of this section, an individual who acquires any eligible shares on such a transfer as is mentioned in section 304 shall be treated as if he subscribed for those shares.
##### 303AA
- (1) Any repayment shall be disregarded for the purposes of section 303(1) (repayments etc. which cause withdrawal or reduction of relief) if whichever is the greater of—
- (a) the market value of the shares to which it relates (“*the target shares*”) immediately before the event occurs, and
- (b) the amount received by the member in question,
is insignificant in relation to the market value of the remaining issued share capital of the company in question (or, as the case may be, subsidiary in question) immediately after the event occurs.
This is subject to subsection (4) below.
- (2) For the purposes of this section “*repayment*” means a repayment, redemption, repurchase or payment mentioned in section 303(1) (repayments etc. which cause withdrawal or reduction of relief).
- (3) For the purposes of subsection (1) above it shall be assumed that the target shares are cancelled at the time the repayment is made.
- (4) Where an individual subscribes for eligible shares in a company, subsection (1) above does not apply to prevent section 303(1) having effect in relation to those shares if, at a relevant time, arrangements are in existence that provide—
- (a) for a repayment by the company or any subsidiary of the company (whether or not it is such a subsidiary at the time the arrangements are made), or
- (b) for anyone to be entitled to such a repayment,
at any time in the period of restriction relating to those shares.
- (5) For the purposes of subsection (4) above “*a relevant time*” means any time in the period—
- (a) beginning one year before the eligible shares were issued, and
- (b) expiring at the end of the issue date.
#### Conditional acquisition of shares.
##### 303A
- (1) Subsections (4) and (7) below apply where, by reason of a repayment, any investment relief which is attributable under Schedule 15 to the Finance Act 2000 to any shares is withdrawn under paragraph 56(2) of that Schedule.
- (2) For the purposes of this section “*repayment*” has the meaning given in section 303AA(2) above.
- (3) For the purposes of this section “*the relevant amount*” is the amount determined by the formula—
$$X-5Y$Where—X is the amount of the repayment, andY is the aggregate amount of investment relief withdrawn by reason of the repayment.$
- (4) Where the relevant amount does not exceed £1,000 the repayment shall be disregarded for the purposes of section 303(1), unless repayment arrangements are in existence at any time in the period—
- (a) beginning one year before the shares mentioned in subsection (1) above are issued, and
- (b) expiring at the end of the issue date of those shares.
- (5) For this purpose “*repayment arrangements*” means arrangements which provide—
- (a) for a repayment by the company that issued the shares (“*the issuing company*”) or any subsidiary of that company, or
- (b) for anyone to be entitled to such a repayment,
at any time.
- (6) Subsection (5)(a) above applies in relation to a subsidiary of the issuing company whether or not it is such a subsidiary—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) when the arrangements were made.
- (7) Where the repayment is not disregarded by virtue of subsection (4) above, the amount receivable by reason of the repayment shall be treated for the purposes of section 303(1C)(a) as an amount equal to the relevant amount.
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Provisions supplementary to sections 293 and 297.
##### 581A
Interest within section 755(1) of ITTOIA 2005 (interest on foreign currency securities etc.) shall be paid without deduction of income tax.
##### 582A
- (1) The Treasury may by order designate for the purposes of any one or more of subsections (2) and (4) to (6) below . . . any international organisation of which the United Kingdom is a member; and in those subsections “*designated*” means designated under this subsection.
- (2) Section 43 shall not apply in the case of payment made by an organisation designated for the purposes of this subsection.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) Section 349(1) shall not apply in the case of a payment of an amount payable by an organisation designated for the purposes of this subsection.
- (5) Section 349(2) shall not apply in the case of interest payable by—
- (a) an organisation designated for the purposes of this subsection, or
- (b) a partnership of which such an organisation is a member.
- (6) An organisation designated for the purposes of this subsection shall not be a person to whom section 59 of the Finance Act 2004 applies.
#### Taxation of consideration for certain restrictive undertakings.
##### 587A
- (1) This section applies where—
- (a) securities (old securities) of a particular kind are issued by way of the original issue of securities of that kind,
- (b) on a later occasion securities (new securities) of the same kind are issued,
- (c) a sum (the extra return) is payable in respect of the new securities, by the person issuing them, to reflect the fact that interest is accruing on the old securities,
- (d) the issue price of the new securities includes an element (whether or not separately identified) representing payment for the extra return, and
- (e) the extra return is equal to the amount of interest payable for the relevant period on so many old securities as there are new (or, if there are more new securities than old, the amount of interest which would be so payable if there were as many old securities as new),
but this section shall not apply for the purposes of corporation tax, except where the issue of the new securities was before 1st April 1996.
- (2) Anything payable or paid by way of the extra return shall be treated for the purposes of the Tax Acts as payable or paid by way of interest (to the extent that it would not be so treated apart from this subsection).
- (3) But as regards any payment by way of the extra return, relief shall not be given under any provision of the Tax Acts to the person by whom the new securities are issued; and “*relief*” here means relief by way of deduction in computing profits or gains or deduction or set off against income or total profits.
- (4) For the purposes of this section securities are of the same kind if they are treated as being of the same kind by the practice of a recognised stock exchange or would be so treated if dealt with on such a stock exchange.
- (5) For the purposes of this section the relevant period is the period beginning with the day following the relevant day and ending with the day on which the new securities are issued.
- (6) For the purposes of this section the relevant day is—
- (a) the last (or only) interest payment day to fall in respect of the old securities before the day on which the new securities are issued, or
- (b) the day on which the old securities were issued, in a case where no interest payment day fell in respect of them before the day on which the new securities are issued;
and an interest payment day, in relation to the old securities, is a day on which interest is payable under them.
##### 587B
- (1) Subsections (2) and (3) below apply where, otherwise than by way of a bargain made at arm’s length, an individual, or a company which is not itself a charity, disposes of the whole of the beneficial interest in a qualifying investment to a charity.
- (2) On a claim made in that behalf to an officer of the Board—
- (a) the relevant amount shall be allowed—
- (i) in the case of a disposal by an individual, as a deduction in calculating his total income for the purposes of income tax for the year of assessment in which the disposal is made;
- (ii) in the case of a disposal by a company, as a charge on income for the purposes of corporation tax for the accounting period in which the disposal is made; and
- (b) no relief in respect of the disposal shall be given under section 83A of this Act, section 108 of ITTOIA 2005 or any other provision of the Income Tax Acts;
but paragraph (a)(i) above shall not apply for the purposes of any computation under sections 535 to 537 of ITTOIA 2005.
- (3) The consideration for which the charity’s acquisition of the qualifying investment is treated by virtue of section 257(2) of the 1992 Act as having been made—
- (a) shall be reduced by the relevant amount; or
- (b) where that consideration is less than that amount, shall be reduced to nil.
- (4) Subject to subsections (5) to (7) below, the relevant amount is an amount equal to—
- (a) where the disposal is a gift, the value of the net benefit to the charity at, or immediately after, the time when the disposal is made (whichever time gives the lower value);
- (b) where the disposal is at an undervalue, the amount by which—
- (i) the value described in paragraph (a) above, exceeds
- (ii) the amount or value of the consideration for the disposal,
or, if there is no such excess, nil.
- (5) Where there are one or more benefits received in consequence of making the disposal which are received by the person making the disposal or a person connected with him, the relevant amount shall be reduced by the value of that benefit or, as the case may be, the aggregate value of those benefits; and section 839 applies for the purposes of this subsection.
- (6) Where the disposal is a gift, the relevant amount shall be increased by the amount of the incidental costs of making the disposal to the person making it.
- (7) Where the disposal is at an undervalue—
- (a) to the extent that the consideration for the disposal is less than that for which the disposal is treated as made by virtue of section 257(2)(a) of the 1992 Act, the relevant amount shall be increased by the amount of the incidental costs of making the disposal to the person making it; and
- (b) section 48 of that Act (consideration due after time of disposal) shall apply in relation to the computation of the relevant amount as it applies in relation to the computation of a gain.
- (8) In the case of a disposal by a company which is carrying on life assurance business—
- (a) if the company is charged to tax under Case I of Schedule D in respect of such business, subsections (2) and (3) above shall not apply;
- (b) if the company is not so charged to tax in respect of such business—
- (i) subsection (2)(a)(ii) above shall have effect as if for “a charge on income" there were substituted “expenses payable falling to be brought into account at Step 3 in section 76(7)”; and
- (ii) the relevant amount given by subsection (4) above shall be reduced by so much (if any) of that amount as is not referable to basic life assurance and general annuity business;
and for the purpose of determining how much (if any) of that amount is not so referable, section 432A shall have effect as if that amount were a gain accruing on the disposal of the qualifying investment to the company.
- (8A) The value of the net benefit to the charity is—
- (a) the market value of the qualifying investment, unless subsection (8B) below applies;
- (b) where that subsection applies, that market value reduced by the aggregate amount of the related liabilities of the charity (see subsections (8E) to (8G)).
- (8B) This subsection applies in any case where—
- (a) the charity is, or becomes, subject to an obligation to any person (whether or not the person making the disposal or a person connected with him), and
- (b) one or more of the conditions in subsection (8C) below is satisfied.
- (8C) For the purposes of subsection (8B) above—
- (a) condition 1 is that, taking into account all the circumstances (including, in particular, the difference in the value of the net benefit to the charity if subsection (8B) applies and if it does not), it is reasonable to suppose that the disposal of the qualifying investment to the charity would not have been made in the absence of the obligation;
- (b) condition 2 is that the obligation (whether in whole or in part) relates to, is framed by reference to, or is conditional on the charity receiving, the qualifying investment or a related investment (see subsection (8D)).
- (8D) In subsection (8C) above “*related investment*” means any of the following—
- (a) any asset of the same class or description as the qualifying investment (irrespective of size, quantity or amount);
- (b) any asset derived from, or representing, the qualifying investment whether in whole or in part and whether directly or indirectly;
- (c) any asset from which the qualifying investment is derived, or which the qualifying investment represents, whether in whole or in part and whether directly or indirectly.
- (8E) For the purposes of this section, the liabilities which are related liabilities in the case of any qualifying investment are the liabilities of the charity under each of the obligations that fall within subsection (8B) above (as read with subsection (8C) above) in relation to that investment.
- (8F) Where an obligation is contingent and the contingency occurs, the amount to be brought into account for the purposes of this section at any time in respect of the liability, so far as contingent, under the obligation is the amount or value of the liability actually incurred in consequence of the occurrence of the contingency.
- (8G) Where an obligation is contingent and the contingency does not occur, the amount to be brought into account for the purposes of this section at any time in respect of the liability, so far as contingent, is nil.
- (9) In this section—
- (a) “*investment relief*” has the same meaning as in Schedule 15 to the Finance Act 2000 (corporate venturing scheme); and
- (b) references to the withdrawal of investment relief include its reduction.
#### Further interpretation of sections 135 to 139.
##### 304A
- (1) This section applies where—
- (a) a company (“the new company") in which the only issued shares are subscriber shares acquires all the shares (“old shares") in another company (“the old company");
- (b) the consideration for the old shares consists wholly of the issue of shares (“new shares") in the new company;
- (c) the consideration for new shares of each description consists wholly of old shares of the corresponding description;
- (d) new shares of each description are issued to the holders of old shares of the corresponding description in respect of and in proportion to their holdings;
- (e) at some time before the issue of the new shares—
- (i) the old company issued eligible shares; and
- (ii) a certificate in relation to those eligible shares was issued by that company for the purposes of subsection (2) of section 306 and in accordance with that section; and
- (f) before the issue of the new shares, the Board have, on the application of the new company or the old company, notified that company that the Board are satisfied that the exchange of shares—
- (i) will be effected for bona fide commercial reasons; and
- (ii) will not form part of any such scheme or arrangements as are mentioned in section 137(1) of the 1992 Act.
- (2) For the purposes of this Chapter—
- (a) the exchange of shares shall not be regarded as involving any disposal of the old shares or any acquisition of the new shares; and
- (b) any relief under this Chapter which is attributable to any old shares shall be attributable instead to the new shares for which they are exchanged.
- (3) Where, in the case of any new shares held by an individual to which relief becomes so attributable, the old shares for which they are exchanged were subscribed for by and issued to the individual, this Chapter shall have effect as if—
- (a) the new shares had been subscribed for by him at the time when, and for the amount for which, the old shares were subscribed for by him;
- (b) the new shares had been issued to him by the new company at the time when the old shares were issued to him by the old company;
- (c) the claim for relief made in respect of the old shares had been made in respect of the new shares; and
- (d) his liability to income tax had been reduced under section 289A in respect of the new shares for the same year of assessment as that for which his liability was so reduced in respect of the old shares.
- (4) Where, in the case of any new shares held by an individual to which relief becomes so attributable, the old shares for which they are exchanged were transferred to the individual as mentioned in section 304, this Chapter shall have effect in relation to any subsequent disposal or other event as if—
- (a) the new shares had been subscribed for by him at the time when, and for the amount for which, the old shares were subscribed for;
- (b) the new shares had been issued by the new company at the time when the old shares were issued by the old company;
- (c) the claim for relief made in respect of the old shares had been made in respect of the new shares; and
- (d) his liability to income tax had been reduced under section 289A in respect of the new shares for the same year of assessment as that for which the liability of the individual who subscribed for the old shares was so reduced in respect of those shares.
- (5) Where relief becomes so attributable to any new shares—
- (a) this Chapter shall have effect as if anything which, under section 306(2), 307(1A) or 310, has been done, or is required to be done, by or in relation to the old company had been done, or were required to be done, by or in relation to the new company; and
- (b) any appeal brought by the old company against a notice under section 307(1A)(b) may be prosecuted by the new company as if it had been brought by that company.
- (6) For the purposes of this section old shares and new shares are of a corresponding description if, on the assumption that they were shares in the same company, they would be of the same class and carry the same rights; and in subsection (1) above references to shares, except in the expressions “*eligible shares*” and “*subscriber shares*”, include references to securities.
- (7) Nothing in section 293(8) shall apply in relation to such an exchange of shares, or shares and securities, as is mentioned in subsection (1) above or arrangements with a view to such an exchange.
- (8) Subsection (2) of section 138 of the 1992 Act shall apply for the purposes of subsection (1)(f) above as it applies for the purposes of subsection (1) of that section.
##### 305A
- (1) Section 574 shall apply on the disposal by an individual of shares to which relief is attributable as it applies to a disposal by him of shares in a qualifying trading company for which he has subscribed (“*qualifying trading company*” and “*subscribed*” having for this purpose the same meaning as in that section).
- (2) For the purposes of that section (as applied by this) sections 575(1) and (3) and 576(1) to (3) shall apply
#### Provisions supplementary to section 138.
#### Approved profit sharing schemes.
##### 326A
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##### 326B
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##### 326BB
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##### 326C
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##### 326D
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##### 327A
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#### Relief for contributions in respect of share option gains.
##### 329AA
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##### 329AB
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##### 329A
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##### 329B
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##### 329C
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##### 331A
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##### 332A
Schedule 15B shall have effect for conferring relief from income tax in respect of investments in venture capital trusts . . . .
##### 333A
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##### 333B
- (1) The Treasury may make regulations providing exemption from tax for income from, and chargeable gains in respect of, investments and deposits of so much of an insurance company’s long-term insurance fund as is referable to plan business.
- (2) The Treasury may by regulations modify the effect of section 30(4) of the Finance (No. 2) Act 1997 (which repeals section 231(2) of the Taxes Act 1988 with effect from 6th April 1999) in relation to distributions which—
- (a) are made before 6th April 2004; and
- (b) are received by an insurance company in respect of investments of so much of its long-term insurance fund as is referable to plan business.
- (3) Regulations under this section may make provision for insurance companies that are not resident in the United Kingdom to be treated, in relation to investments of so much of their long-term insurance funds as are referable to plan business—
- (a) as if they were so resident for the purposes of any enactment conferring an entitlement to, or to the payment of, tax credits in respect of investments; and
- (b) as if such other conditions of any entitlement to, or to the payment of, tax credits were also satisfied.
- (4) Regulations under section 333 or this section or Chapter 3 of Part 6 of ITTOIA 2005 (except sections 697 and 698) may include provision which, in relation to insurance companies that are not resident in the United Kingdom—
- (a) requires a person to be appointed to be responsible for securing the discharge of any duties to which such an insurance company is subject under the regulations; and
- (b) confers rights and powers, and imposes liabilities, on a person so appointed;
and, without prejudice to the generality of paragraphs (a) and (b) above, regulations made by virtue of this subsection may include any provision corresponding to any that, in relation to a European institution, may be made under section 697 or 698 of ITTOIA 2005 (requirements concerning foreign plan managers).
- (5) Regulations under this section may provide that an insurance company—
- (a) shall comply with any notice served on it by the Board which requires it, within a prescribed period, to make available for the Board’s inspection documents (of a prescribed kind) relating to, or to matters connected with, its past or present plan business; and
- (b) shall, within a prescribed period of being required to do so by the Board, furnish to the Board information (of a prescribed kind) about its past or present plan business or any matters connected with it.
- (6) Any power of the Treasury under this section to make provision by regulations in relation to insurance companies shall include power by regulations to make such corresponding provision in relation to friendly societies as the Treasury think fit.
- (7) Regulations under this section may—
- (a) for purposes connected with any exemption from tax conferred by virtue of subsection (1) above, apply or modify any provision made by or under the Tax Acts;
- (b) make different provision for different cases;
- (c) include such incidental, supplemental, consequential and transitional provision as the Treasury may consider appropriate.
- (8) Without prejudice to the generality of the powers conferred by subsection (7) above, the provision that may be made in connection with an exemption from tax conferred by virtue of subsection (1) above shall include provision for section 436 to apply (with any such modifications as may be prescribed) in relation to plan business as it applies in relation to pension business.
- (9) In this section—
- “*friendly society*” has the same meaning as in Chapter II of Part XII;
- “insurance company” means an undertaking carrying on the business of effecting or carrying out contracts of insurance and, for the purposes of this definition, “contract of insurance” has the meaning given by Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- “*long-term insurance fund*” has the same meaning as in Chapter I of Part XII;
- “*plan business*”, in relation to an insurance company, means the business of the company that is attributable to the making of investments with that company under plans for which provision is made by regulations under Chapter 3 of Part 6 (except sections 697 and 698) of ITTOIA 2005 (income from individual investment plans)
- “*prescribed*” means prescribed by regulations under this section;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 338B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 337A
- (1) For the purposes of corporation tax, subject to any provision of the Corporation Tax Acts expressly authorising a deduction—
- (a) a company’s profits shall be computed without any deduction in respect of dividends or other distributions, and
- (b) a company’s income from any source shall be computed without any deduction in respect of charges on income.
- (2) In computing a company’s income from any source for the purposes of corporation tax—
- (a) no deduction shall be made in respect of interest except in accordance with Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships); and
- (b) no deduction shall be made in respect of losses from intangible fixed assets within Schedule 29 to the Finance Act 2002 except in accordance with that Schedule.
##### 338A
- (1) This section defines what payments or other amounts are “*charges on income*” for the purposes of corporation tax.
This section has effect subject to any express exceptions in the Corporation Tax Acts.
- (2) Subject to the following provisions of this section, the following (and only the following) are charges on income—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) qualifying donations within the meaning of section 339 (qualifying donations to charity);
- (c) amounts allowed as charges on income under section 587B(2)(a)(ii) (gifts of shares etc to charity).
- (3) No payment that is deductible in computing profits or any description of profits for the purposes of corporation tax shall be treated as a charge on income.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 339A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 342A
- (1) In this section—
- (a) references to the relevant event, in relation to a company in administration, are references—
- (i) to the administrator sending a notice in respect of the company under paragraph 84(1) of Schedule B1 to the Insolvency Act 1986 (company moving from administration to dissolution), or
- (ii) in the case of a company which enters administration otherwise than under that Act, to the doing of any other act for a like purpose, and
- (b) references to a company’s final year are references to the financial year in which the relevant event occurs, and references to the company’s penultimate year are references to the last financial year preceding its final year.
- (2) Subject to subsections (3) and (4)—
- (a) corporation tax shall be charged on the profits of the company arising in the administration in its final year at the rate of corporation tax fixed or proposed for the penultimate year, but
- (b) where the corporation tax charged on the company’s income included in those profits falls to be calculated or reduced in accordance with section 13, it shall be so calculated or reduced in accordance with such rate or fraction fixed or proposed for the penultimate year as is applicable under that section.
- (3) If, before the relevant event, any of the rates or fractions mentioned in subsection (2) has been fixed or proposed for the final year, that subsection shall have effect in relation to that rate or fraction as if for the references to the penultimate year there were substituted references to the final year.
- (4) If, in the case of the company’s final accounting period, the income (if any) which consists of interest received or receivable by the company under section 826 does not exceed £2,000, that income shall not be subject to corporation tax.
- (5) In subsection (4) “*the company’s final accounting period*” means the last accounting period of the company before the relevant event.
- (6) An assessment on the company’s profits for an accounting period in which the company is in administration shall not be invalid because made before the end of the accounting period.
- (7) In making an assessment after the company enters administration and before the date of the relevant event, the administrator may act on an assumption as to when that date will fall so far as it governs section 12(3).
- (8) The assumption of the wrong date shall not alter the company’s final and penultimate year and, if the right date is later—
- (a) an accounting period shall end on the date assumed and a new accounting period shall begin, and
- (b) thereafter, section 12(3) shall apply as if the company had entered administration at the beginning of that new accounting period.
- (9) Subsections (7) and (9) of section 342 apply in relation to this section as they apply in relation to that section, except that in subsection (7) of that section the reference to the completion of the winding up is to be read as a reference to the relevant event.
- (10) Where the company entered administration before its final year, paragraphs (a) and (b) of subsection (2) (but not subsection (3)) apply in relation to the company’s profits arising at any time in its penultimate year.
#### Foreign pensions.
#### P.A.Y.E.: meaning of payment.
##### 343ZA
- (1) This section applies where—
- (a) a company (“the predecessor”) ceases to carry on a trade,
- (b) another company (“*the successor*”) begins to carry on the activities of that trade as its trade or as part of its trade,
- (c) in the accounting period in which the predecessor ceases to carry on the trade the predecessor would (apart from this section) be entitled under Part 2 of the Capital Allowances Act to a balancing allowance in respect of the trade, and
- (d) the predecessor's ceasing to carry on the trade is part of a scheme or arrangement the main purpose, or one of the main purposes, of which is to entitle the predecessor to that balancing allowance.
- (2) This section also applies where—
- (a) a company (“the predecessor”) ceases to carry on part of a trade,
- (b) another company (“*the successor*”) begins to carry on the activities of that part of the trade as its trade or as part of its trade, and
- (c) the predecessor's ceasing to carry on the part of the trade mentioned in paragraph (a) is part of a scheme or arrangement the main purpose, or one of the main purposes, of which is to entitle the predecessor, on cessation of the trade, to a balancing allowance in respect of the trade under Part 2 of the Capital Allowances Act.
- (3) This section does not apply where section 343 applies.
- (4) Where this section applies, the Corporation Tax Acts have effect subject to section 343(2), but as if the words “and are subject to section 343A (company reconstructions involving business of leasing plant or machinery)” were omitted.
- (5) Where this section applies because of subsection (1), and the successor carries on the activities of the trade the predecessor ceased to carry on as part of the successor's trade, for the purposes of section 343(2) that part of the successor's trade is to be treated as a separate trade carried on by the successor.
- (6) Where this section applies because of subsection (2), for the purposes of section 343(2)—
- (a) that part of the trade which the predecessor ceased to carry on is to be treated as a separate trade carried on by the predecessor, and
- (b) where the successor carries on the activities of that part of the trade as part of its trade, that part of the successor's trade is to be treated as a separate trade carried on by the successor.
- (7) Where subsection (5) or (6) applies, such apportionment of receipts, expenses, assets and liabilities is to be made as may be just.
- (8) Section 343(10) applies to an apportionment under subsection (7) as it applies to an apportionment under section 343(9).
##### 343A
- (1) This section applies if the trade is or forms part of a business of leasing plant or machinery which the predecessor or the successor carries on on the day of cessation.
- (2) If, on the day of cessation, both the predecessor and the successor carry on the trade otherwise than in partnership, section 343(2) does not apply unless—
- (a) the principal company or companies of the predecessor immediately before the cessation are the same as the principal company or companies of the successor immediately afterwards, and
- (b) if any such principal company is a consortium principal company, the relevant fraction in relation to the predecessor immediately before the cessation is the same as the relevant fraction in relation to the successor immediately afterwards (irrespective of whether the members of each consortium are the same).
- (3) If, on the day of cessation, the predecessor or the successor carries on the trade in partnership, section 343(2) does not apply unless—
- (a) the predecessor ceases to carry on the whole of its trade, and
- (b) that trade is a business of leasing plant or machinery which the predecessor carries on in partnership on the day of cessation.
- (4) In any case where section 343(2) does not apply as a result of this section, the plant or machinery belonging to the trade shall be treated for the purposes of the Corporation Tax Acts as sold by the predecessor to the successor on the day of the cessation for an amount equal to its market value as at that day.
- (5) In this section—
- “business of leasing plant or machinery”—has the same meaning as in Part 2 of Schedule 10 to the Finance Act 2006 (sale etc of lessor companies etc) (if the business is carried on otherwise than in partnership), andhas the same meaning as in Part 3 of that Schedule (if the business is carried on in partnership),
- “*consortium principal company*” means a company which is a principal company as a result of paragraph 12 of that Schedule,
- “*market value*”, in relation to plant or machinery, is to be construed in accordance with paragraph 41(8) of that Schedule,
- “*plant or machinery*” has the same meaning as in Part 2 of the Capital Allowances Act,
- “*principal company*” is to be construed in accordance with paragraph 11 or (as the case may be) 12 of Schedule 10 to the Finance Act 2006, and
- “*relevant fraction*” has the same meaning as in paragraph 12 of that Schedule.
#### Expenses necessarily incurred and defrayed from official emoluments.
#### Application of lower rate to company distributions.
#### Section 209(3AA): link to shares of company or associated company
##### 347A
- (1) A payment to which this section applies shall not be a charge on the income of the person liable to make it, and accordingly—
- (a) his income shall be computed without any deduction being made on account of the payment, and
- (b) the payment shall not , for the purposes of corporation tax, form part of the income of any company to whom it is made or of any other company.
- (2) This section applies to any annual payment made by an individual which would otherwise be within the charge to tax under Case III of Schedule D except—
- (a) a payment of interest;
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) a payment made for bona fide commercial reasons in connection with the individual’s trade, profession or vocation; and
- (d) a payment to which section 125(1) applies.
- (2A) This section applies to any annual payment made by an individual which—
- (a) arises in the United Kingdom, and
- (b) is exempt from any charge under Part 5 of ITTOIA 2005 (miscellaneous income) as a result of section 727 of that Act.
- (3) This section applies to a payment made by personal representatives (within the meaning given in section 701(4)) where—
- (a) the deceased would have been liable to make the payment if he had not died, and
- (b) this section would have applied to the payment if he had made it.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) References in subsection (2) or (2A) above to an individual include references to a Scottish partnership in which at least one partner is an individual.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 347B
- (1) Subject to subsection (1A) below in this section “*qualifying maintenance payment*” means a periodical payment which—
- (a) is made under an order made by a court in a member State, or under a written agreement the law applicable to which is the law of a member State or of a part of a member State,
- (b) is made —
- (i) by one of the parties to a marriage or civil partnership (including a marriage or civil partnership which has been dissolved or annulled) to or for the benefit of the other party and for the maintenance of the other party, or
- (ii) by one parent of a child to the child's other parent for the maintenance of the child by the other parent or by one person to another for the maintenance by the other of a relevant child of theirs,
- (c) is due at a time when—
- (i) in a case falling within paragraph (b)(i) above, the two parties are not a married couple, or civil partners of each other, living together and the party to whom or for whose benefit the payment is made has not subsequently entered into a marriage or civil partnership, and
- (ii) in a case falling within paragraph (b)(ii) above, the person making the payment is not living together with the person to whom the payment is made, and
- (d) is not a payment in respect of which relief from tax is available to the person making the payment under any provision of the Income Tax Acts other than this section.
- (1A) A periodical payment is not a qualifying maintenance payment unless—
- (a) in a case falling within subsection (1)(b)(i) above, either of the parties to the marriage or civil partnership was born before 6th April 1935, or
- (b) in a case falling within subsection (1)(b)(ii) above, either the person by whom the payment is made, or the person to whom it is made, was born before that date.
- (2) . . . Subject to subsection (3) below, a person making a claim for the purpose shall be entitled, for a year of assessment to an income tax reduction calculated by reference to an amount equal to the aggregate amount of any qualifying maintenance payments made by him which fall due in that year.
- (3) The amount by reference to which any income tax reduction is to be calculated under this section shall be limited to the amount specified in section 257A(5A) for the year.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5A) Where any person is entitled under this section for any year of assessment to an income tax reduction calculated by reference to the amount determined in accordance with subsections (2) and (3) above (“*the relevant amount*”), the amount of that person’s liability for that year to income tax on his total income shall be the amount to which he would have been liable apart from this section less whichever is the smaller of—
- (a) the amount equal to 10 per cent. of the relevant amount; and
- (b) the amount which reduces his liability to nil;
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5B) In determining for the purposes of subsection (5A) above the amount of income tax to which a person would be liable apart from any income tax reduction under this section, no account shall be taken of—
- (a) any income tax reduction under Chapter I of Part VII;
- (b) any relief by way of a reduction of liability to tax which is given in accordance with any arrangements having effect by virtue of section 788 or by way of a credit under section 790(1); or
- (c) any tax at the basic rate on so much of that person’s income as is income the income tax on which he is entitled to charge against any other person or to deduct, retain or satisfy out of any payment.
- (6) *The reference in subsection* (1)*above to a married couple living together shall be construed in accordance with section* 282(1),*but section* 282(2)*shall not apply for the purposes of this section*.
- (7) In this section—
- “*child*” means a person under 21 years of age;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “periodical payment” does not include an instalment of a lump sum;
- “*relevant child*”, in relation to any two persons, means a child who (not being a child who has been boarded out with them by a public authority or voluntary organisation) has been treated by both of them as a child of their family.
- (8) In subsection (1)(a) above, the reference to an order made by a court in the United Kingdom includes a reference to a maintenance assessment.
- (9) Where—
- (a) any periodical payment is made under a maintenance assessment by any person,
- (b) another person is, for the purposes of the Child Support Act 1991 or (as the case may be) the Child Support (Northern Ireland) Order 1991, a parent of the child or children with respect to whom the assessment has effect,
- (c) the assessment was not made under section 7 of the Child Support Act 1991 (right of child in Scotland to apply for maintenance assessment), and
- (d) any of the conditions mentioned in subsection (10) below is satisfied,
this section shall have effect as if the payment had been made to the other person for the maintenance by that other person of that child or (as the case may be) those children.
- (10) The conditions are that—
- (a) the payment is made to the Secretary of State in accordance with regulations made under section 29 of the Child Support Act 1991, by virtue of subsection (3)(a)(ii) of that section;
- (b) the payment is made to the Department of Health and Social Services for Northern Ireland in accordance with regulations made under Article 29 of the Child Support (Northern Ireland) Order 1991, by virtue of paragraph (3)(a)(ii) of that Article;
- (c) the payment is retained by the Secretary of State in accordance with regulations made under section 41 of that Act;
- (d) the payment is retained by the Department of Health and Social Services for Northern Ireland in accordance with regulations made under Article 38 of that Order.
- (11) In this section “*maintenance assessment*” means a maintenance assessment made under the Child Support Act 1991 or the Child Support (Northern Ireland) Order 1991.
- (12) Where any periodical payment is made to the Secretary of State or to the Department of Health and Social Services for Northern Ireland—
- (a) by any person , and
- (b) under an order—
- (i) made under section 106 of the Social Security Administration Act 1992 or section 101 of the Social Security Administration (Northern Ireland) Act 1992 (recovery of expenditure on benefit from person liable for maintenance) in respect of income support claimed by any other person; or
- (ii) made by virtue of section 23 of the Jobseekers Act 1995 (recovery of sums in respect of maintenance), or any corresponding enactment in Northern Ireland, in respect of an income-based jobseeker’s allowance claimed by any other person,
this section shall have effect as if the payment had been made to that other person to or for the benefit, and for the maintenance, of that other person or (as the case may be) to that other person for the maintenance of the child or children concerned.
- (13) In subsection (12) above, “*income-based jobseeker’s allowance*” has the same meaning as in the Jobseekers Act 1995 or, for Northern Ireland, the same meaning as in any corresponding enactment in Northern Ireland.
#### No tax credit for borrower under stock lending arrangement or interim holder under repurchase agreement.
##### 349ZA
- (1) Subsection (2) applies if—
- (a) a person who is a non-UK resident is chargeable to tax under section 587 of ITTOIA 2005 on profits from the sale of the whole or part of any patent rights, and
- (b) the net proceeds of the sale consist wholly or partly of a capital sum.
- (2) Subsection (1) of section 349 of this Act applies to any payment of the net proceeds of sale, or of an instalment of them, as if the net proceeds or instalment were, so far as consisting of the capital sum—
- (a) an annual sum to which paragraph (a) of that subsection applies, and
- (b) payable otherwise than out of profits or gains charged to income tax.
- (3) For the purposes of this section the net proceeds of the sale is the amount of the proceeds net of any incidental expenses of the sale which are deducted before payment.
- (4) Sections 597 to 599 of ITTOIA 2005 (licences connected with patents etc.) apply for the purposes of this section as they apply for the purposes of sections 587 to 596 of that Act.
- (5) Section 4 of the Capital Allowances Act 2001 (meaning of “capital sums” etc.) applies in relation to this section as it applies in relation to Chapter 2 of Part 5 of ITTOIA 2005 (receipts from intellectual property).
- (6) In this section “*a non-UK resident*” means a person who is not resident in the United Kingdom.
##### 349A
- (1) The provisions specified in subsection (3) below (which require tax to be deducted on making certain payments) do not apply to a payment made by a company or a local authority if, at the time the payment is made, the company or authority reasonably believes that one of the conditions specified in section 349B is satisfied.
- (2) Subsection (1) above has effect subject to any directions under section 349C.
- (3) The provisions are—
- section 349(1) (certain annuities and other annual payments, and royalties and other sums paid for use of UK patents),
- section 349(2)(a) and (b) (UK interest),
- section 349(3A) (dividend or interest on securities issued by building societies), and
- 349ZA(2) (which provides for section 349(1) to apply to proceeds of sale of UK patent rights).
- (4) References in subsection (3) above to any provision of section 349 do not include that provision as applied—
- (a) under section 777(9) (directions applying section 349(1) to certain payments to non-residents), or
- (b) by paragraph 4(2) of Schedule 23A (manufactured overseas dividends to be treated as annual payments within section 349).
- (5) References in this section to the company by which a payment is made do not include a company acting as trustee or agent for another person.
- (6) For the purposes of this section—
- (a) a payment by a partnership is treated as made by a company if any member of the partnership is a company , and
- (b) a payment by a partnership is treated as made by a local authority if any member of the partnership is a local authority.
#### Information relating to distributions.
##### 349B
- (1) The first of the conditions mentioned in section 349A(1) is that the person beneficially entitled to the income in respect of which the payment is made is—
- (a) a company resident in the United Kingdom, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) The second of those conditions is that—
- (a) the person beneficially entitled to the income in respect of which the payment is made is a company not resident in the United Kingdom (“*the non-resident company*”),
- (b) the non-resident company carries on a trade in the United Kingdom through a permanent establishment, and
- (c) the payment falls to be brought into account in computing the chargeable profits (within the meaning given by section 11(2)) of the non-resident company.
- (3) The third of those conditions is that the payment is made to , or to the nominee of—
- (a) a local authority;
- (b) a health service body within the meaning of section 519A(2);
- (c) a public office or department of the Crown to which section 829(1) applies;
- (d) a charity (within the meaning of section 506(1));
- (e) a body for the time being mentioned in section 507(1) (bodies that are allowed the same exemption from tax as charities the whole income of which is applied to charitable purposes);
- (f) an Association of a description specified in section 508 (scientific research organisations);
- (g) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (h) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (i) the administrator (within the meaning of section 611AA) of a scheme entitled to exemption under section 592(2) or 608(2)(a) (exempt approved schemes and former approved superannuation funds);
- (j) the trustees of a scheme entitled to exemption under section 613(4) (Parliamentary pension funds);
- (k) the persons entitled to receive the income of a fund entitled to exemption under section 614(3) (certain colonial, etc pension funds);
- (l) the trustees or other persons having the management of a fund entitled to exemption under section 620(6) (retirement annuity trust schemes); or
- (m) a person holding investments or deposits for the purposes of a scheme entitled to exemption under section 643(2) (approved personal pension schemes).
- (4) The fourth of those conditions is that—
- (a) the person to whom the payment is made is, or is the nominee of, the plan manager of a plan of a kind to which regulations under Chapter 3 of Part 6 of ITTOIA 2005 (income from individual investment plans) apply,
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) the plan manager receives the payment in respect of investments under the plan.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) The sixth of those conditions is that the person beneficially entitled to the income in respect of which the payment is made is a partnership each member of which is—
- (a) a person or body mentioned in subsection (3) above, or
- (b) a person or body mentioned in subsection (7) below.
- (7) The persons and bodies referred to in subsection (6)(b) above are—
- (a) a company resident in the United Kingdom;
- (b) a company that—
- (i) is not resident in the United Kingdom,
- (ii) carries on a trade there through a permanent establishment, and
- (iii) is required to bring into account, in computing its chargeable profits (within the meaning of section 11(2)), the whole of any share of that payment that falls to it by reason of sections 114 and 115;
- (c) the European Investment Fund.
- (8) The Treasury may by order amend—
- (a) subsection (3) above;
- (b) subsection (7) above;
so as to add to, restrict or otherwise alter the persons and bodies falling within that subsection.
##### 349C
- (1) The Board may give a direction to a company or local authority directing that section 349A(1) is not to apply in relation to any payment that—
- (a) is made by the company or authority after the giving of the direction, and
- (b) is specified in the direction or is of a description so specified.
- (2) Such a direction shall not be given unless the Board have reasonable grounds for believing as respects each payment to which the direction relates that it is likely that none of the conditions specified in section 349B will be satisfied in relation to the payment at the time the payment is made.
- (3) A direction under this section may be varied or revoked by a subsequent such direction.
- (4) In this section—
- “*company*” includes a partnership of which any member is a company; and
- “*local authority*” includes a partnership of which any member is a local authority.
##### 349D
- (1) Where—
- (a) a payment is made by a company or local authority without an amount representing the income tax on the payment being deducted from the payment,
- (b) at the time the payment is made, the company or authority reasonably believes that one of the conditions specified in section 349B is satisfied,
- (c) if the company or authority did not so believe, tax would be deductible from the payment under section 349, and
- (d) none of the conditions specified in section 349B is satisfied at the time the payment is made,
section 350 applies as if the payment were within section 349 (and Schedule 16 applies as if tax were deductible from the payment under section 349).
- (2) In this section—
- “*company*” includes a partnership of which any member is a company; and
- “*local authority*” includes a partnership of which any member is a local authority.
##### 349E
- (1) Where—
- (a) a company makes a payment of a royalty to which section 349(1) applies, and
- (b) the company reasonably believes that, at the time the payment is made, the payee is entitled to relief in respect of the payment under any arrangements under section 788 (double taxation relief),
the company may, if it thinks fit, calculate the sum to be deducted from the payment under section 349(1) by reference to the rate of income tax appropriate to the payee pursuant to the arrangements.
- (2) But, where the payee is not at that time entitled to such relief, section 350 and Schedule 16 shall have effect as if subsection (1) above never applied in relation to the payment.
- (3) Where the Board are not satisfied that the payee will be entitled to such relief in respect of one or more payments to be made by a company, they may direct the company that subsection (1) above is not to apply to the payment or payments.
- (4) A direction under subsection (3) above may be varied or revoked by a subsequent such direction.
- (5) In this section—
- “*payee*”, in relation to a payment, means the person beneficially entitled to the income in respect of which the payment is made; and
- “*royalty*” includes—any payment received as a consideration for the use of, or the right to use, any copyright, patent, trade mark, design, process or information, orany proceeds of sale of all or any part of any patent rights.
- (6) Paragraph 3(1) of Schedule 18 to the Finance Act 1998 (requirement to make return in respect of information relevant to application of Corporation Tax Acts) has effect as if the reference to the Corporation Tax Acts included a reference to this section.
- (7) Paragraph 20 of that Schedule (penalties for incorrect returns), in its application to an error relating to information required in a return by virtue of subsection (6) above, has effect as if—
- (a) the reference in sub-paragraph (1) to a tax-related penalty were a reference to an amount not exceeding £3000, and
- (b) sub-paragraphs (2) and (3) were omitted.
##### 350A
- (1) The Board may by regulations—
- (a) make provision as to the time and manner in which persons who under section 349(3C) deduct sums representing income tax out of payments of UK public revenue dividends are to account for and pay those sums; and
- (b) otherwise modify the provisions of sections 349 and 350 in their application to such dividends;
and in this section “*UK public revenue dividend*” has the same meaning as in section 349.
- (2) Regulations under this section may—
- (a) make different provision for different descriptions of UK public revenue dividend and for different circumstances;
- (b) make special provision for UK public revenue dividends which—
- (i) are payable to the Bank of Ireland out of the public revenue of the United Kingdom, or
- (ii) are entrusted to the Bank of Ireland for payment and distribution and are not payable by that Bank out of its principal office in Belfast;
- (c) include such transitional and other supplementary provisions as appear to the Board to be necessary or expedient.
- (3) No regulations under this section shall be made unless a draft of them has been laid before and approved by a resolution of the House of Commons.
##### 356A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 356B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 356C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 356D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Information relating to distributions.
##### 357A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 357B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 357C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 360A
- (1) For the purposes of section 360(2)(a) an individual shall be treated as having a material interest in a company if he, either on his own or with one or more associates, or if any associate of his with or without such other associates,—
- (a) is the beneficial owner of, or able, directly or through the medium of other companies, or by any other indirect means to control, more than 5 per cent. of the ordinary share capital of the company, or
- (b) possesses, or is entitled to acquire, such rights as would, in the event of the winding-up of the company or in any other circumstances, give an entitlement to receive more than 5 per cent. of the assets which would then be available for distribution among the participators.
- (2) Subject to the following provisions of this section, in subsection (1) above “*associate*”, in relation to an individual, means—
- (a) any relative or partner of the individual;
- (b) the trustee or trustees of a settlement in relation to which the individual is, or any relative of his (living or dead) is or was, a settlor (“settlement” and “settlor” having the same meaning as in Chapter 5 of Part 5 of ITTOIA 2005 (see section 620 of that Act)); and
- (c) where the individual is interested in any shares or obligations of the company which are subject to any trust, or are part of the estate of a deceased person, the trustee or trustees of the settlement concerned or, as the case may be, the personal representative of the deceased.
- (3) In relation to any loan made after 5th April 1987, there shall be disregarded for the purposes of subsection (2)(c) above—
- (a) the interest of the trustees of an approved profit sharing scheme (within the meaning of section 187) in any shares which are held by them in accordance with the scheme and have not yet been appropriated to an individual; and
- (b) any rights exercisable by those trustees by virtue of that interest.
- (4) In relation to any loan made on or after the day on which the Finance Act 1989 was passed, where the individual has an interest in shares or obligations of the company as a beneficiary of an employee benefit trust, the trustees shall not be regarded as associates of his by reason only of that interest unless subsection (6) below applies in relation to him.
- (5) In subsection (4) above “*employee benefit trust*” has the same meaning as in paragraph 7 of Schedule 8, except that in its application for this purpose paragraph 7(5)(b) shall have effect as if it referred to the day on which the Finance Act 1989 was passed instead of to 14th March 1989.
- (6) This subsection applies in relation to an individual if at any time on or after the day on which the Finance Act 1989 was passed—
- (a) the individual, either on his own or with any one or more of his associates, or
- (b) any associate of his, with or without other such associates,
has been the beneficial owner of, or able (directly or through the medium of other companies or by any other indirect means) to control, more than 5 per cent. of the ordinary share capital of the company.
- (7) Sub-paragraphs (9) to (12) of paragraph 7 of Schedule 8 shall apply for the purposes of subsection (6) above in relation to an individual as they apply for the purposes of that paragraph in relation to an employee.
- (8) In relation to any loan made before 14th November 1986, where the individual is interested in any shares or obligations of the company which are subject to any trust, or are part of the estate of a deceased person, subsection (2)(c) above shall have effect as if for the reference to the trustee or trustees of the settlement concerned or, as the case may be, the personal representative of the deceased there were substituted a reference to any person (other than the individual) interested in the settlement or estate, but subject to subsection (9) below.
- (9) Subsection (8) above shall not apply so as to make an individual an associate as being entitled or eligible to benefit under a trust—
- (a) if the trust relates exclusively to an exempt approved scheme as defined in section 592; or
- (b) if the trust is exclusively for the benefit of the employees, or the employees and directors, of the company or their dependants (and not wholly or mainly for the benefit of directors or their relatives), and the individual in question is not (and could not as a result of the operation of the trust become), either on his own or with his relatives, the beneficial owner of more than 5 per cent. of the ordinary share capital of the company;
and in applying paragraph (b) above any charitable trusts which may arise on the failure or determination of other trusts shall be disregarded.
- (10) In this section “participator” has the meaning given by section 417(1) and“*relative*” means spouse or civil partner, parent or remoter forebear, child or remoter issue or brother or sister.
#### Procedure for making election.
#### Returns.
##### 367A
- (1) Sections 353 and 365 have effect as if—
- (a) purchase and resale arrangements involved the making of a loan, and
- (b) alternative finance return were interest.
- (2) Section 366 has effect accordingly.
- (3) In this section—
- “*alternative finance return*” has the meaning given in sections 564I to 564L of ITA 2007, and
- “*purchase and resale arrangements*” means arrangements to which section 564C of ITA 2007 applies.
#### Interpretation of Part VI.
##### 374A
- (1) This section applies where, in the case of any loan, interest on the loan never has been relevant loan interest or the borrower never has been a qualifying borrower.
- (2) Without prejudice to subsection (3) below, in relation to a payment of interest—
- (a) as respects which either of the conditions mentioned in paragraphs (a) and (b) of section 374(1) is fulfilled, and
- (b) from which a deduction was made as mentioned in section 369(1),
section 369 shall have effect as if the payment of interest were a payment of relevant loan interest made by a qualifying borrower.
- (3) Nothing in subsection (2) above shall be taken as regards the borrower as entitling him to make any deduction or to retain any amount deducted and, accordingly, where any amount has been deducted, he shall be liable to make good that amount and an officer of the Board may make such assessments as may in his judgment be required for recovering that amount.
- (4) The Management Act shall apply to an assessment under subsection (3) above as if it were an assessment to income tax for the year of assessment in which the deduction was made . . . .
- (5) If the borrower fraudulently or negligently makes any false statement or representation in connection with the making of any deduction, he shall be liable to a penalty not exceeding the amount deducted.
##### 375A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 376A
- (1) The Board shall maintain, and publish in such manner as they consider appropriate, a register for the purposes of section 376(4).
- (1A) The following are entitled to be registered—
- (a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000—
- (i) to accept deposits; or
- (ii) to effect or carry out contracts of general insurance;
- (b) a 90 per cent subsidiary of a person mentioned in—
- (i) section 376(4)(e); or
- (ii) paragraph (a) above;
- (c) any other body whose activities and objects appear to the Board to qualify it for registration.
- (2) If the Board are satisfied that an applicant for registration is entitled to be registered, they may register the applicant generally or in relation to any description of loan specified in the register, with effect from such date as may be so specified; and a body which is so registered shall become a qualifying lender in accordance with the terms of its registration.
- (3) The registration of any body may be varied by the Board—
- (a) where it is general, by providing for it to be in relation to a specified description of loan, or
- (b) where it is in relation to a specified description of loan, by removing or varying the reference to that description of loan,
and where they do so, they shall give the body written notice of the variation and of the date from which it is to have effect.
- (4) If it appears to the Board at any time that a body which is registered under this section would not be entitled to be registered if it applied for registration at that time, the Board may by written notice given to the body cancel its registration with effect from such date as may be specified in the notice.
- (5) The date specified in a notice under subsection (3) or (4) above shall not be earlier than the end of the period of 30 days beginning with the date on which the notice is served.
- (6) Any body which is aggrieved by the failure of the Board to register it under this section, or by the variation or cancellation of its registration, may, by notice given to the Board before the end of the period of 30 days beginning with the date on which the body is notified of the Board’s decision, require the matter to be determined by the Special Commissioners; and the Special Commissioners shall thereupon hear and determine the matter in like manner as an appeal.
### Losses from UK property business or overseas property business
##### 379A
- (1) Subject to the following provisions of this section, where for any year of assessment any person sustains any loss in a UK property business carried on by him either solely or in partnership—
- (a) the loss shall be carried forward to the following year of assessment and, to the extent that it does not exceed them, set against any profits of that business for the year to which it is carried forward; and
- (b) where there are no profits for the following year or the profits for that year are exceeded by the amount of the loss, the loss or, as the case may be, the remainder of it shall be so carried forward to the next following year, and so on.
- (2) Subsection (3) below shall apply where a loss is sustained in a UK property business for any year of assessment (“the year of the loss”) and one or both of the following conditions is satisfied, that is to say—
- (a) the amount of the . . . capital allowances treated as expenses of that business in computing that loss exceeds, by any amount (“the net capital allowances”), the amount of any charges under the Capital Allowances Act which are treated as receipts of that business in computing that loss;
- (b) the UK property business has been carried on in relation to land that consists of or includes an agricultural estate to which allowable agricultural expenses deducted in computing that loss are attributable;
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Where the person carrying on the UK property business in a case to which this subsection applies makes a claim, in relation to the year of the loss or the year following that year, for relief under this subsection in respect of the loss—
- (a) relief from income tax may be given, for the year to which the claim relates, on an amount of that person’s income for that year which is equal to the amount of relief available for that year in respect of the loss; and
- (b) the loss which is to be or has been carried forward under subsection (1) above shall be treated as reduced (if necessary to nil) by an amount equal to the amount on which relief is given;
but a claim for relief under this subsection shall not be made after the end of twelve months from the 31st January next following the end of the year to which it relates and shall be accompanied by all such amendments as may be required by virtue of paragraph (b) above of any return made by the claimant under section 8 or 8A of the Management Act.
- (4) Subject to subsection (5) below, the reference in subsection (3) above to the amount of the relief available for any year in respect of a loss is a reference to whichever is the smallest of the following amounts, that is to say—
- (a) the amount of the relievable income for the year to which the claim relates;
- (b) the loss sustained in the UK property business in the year of the loss; and
- (c) the amount which, according to whether one or both of the conditions mentioned in subsection (2) above is satisfied in relation to the year of the loss, is equal—
- (i) to the net capital allowances,
- (ii) to the amount of the allowable agricultural expenses for the year of the loss, or
- (iii) to the sum of the net capital allowances and the amount of those expenses.
- (5) Where relief under subsection (3) above is given in respect of a loss in relation to either of the years in relation to which relief may be claimed in respect of that loss, relief shall not be available in respect of the same loss for the other year except, in a case where the relief already given is of an amount determined in accordance with subsection (4)(a) above, to the extent that the smaller of the amounts applicable by virtue of subsection (4)(b) and (c) above exceeds the amount of relief already given.
- (6) For the purposes of subsection (4)(a) above the amount of relievable income for any year, in relation to any person, shall be equal to the amount of his income for that year—
- (a) after effect has been given to subsection (1) above in relation to any amount carried forward to that year in respect of a loss sustained in any year before the year of the loss, and
- (b) in the case of a claim under subsection (3) above in relation to the year of the loss, after effect has been given to any claim under that subsection in respect of a loss sustained in the preceding year.
- (7) For the purposes of this section the loss sustained in any UK property business shall be computed in like manner as the profits arising from such a business are computed under the provisions of the Income Tax Acts applicable to UK property businesses.
- (8) In this section “*allowable agricultural expenses*”, in relation to an agricultural estate, means any disbursements or expenses attributable to the estate which are deductible in respect of maintenance, repairs, insurance or management of the estate and otherwise than in respect of the interest payable on any loan.
- (9) For the purposes of this section the amount of any disbursements or expenses attributable to an agricultural estate shall be determined as if—
- (a) disbursements and expenses were to be disregarded to the extent that they would not have been attributable to the estate if it did not include the parts of it used wholly for purposes other than purposes of husbandry, and
- (b) disbursements and expenses in respect of parts of the estate used partly for purposes of husbandry and partly for other purposes were to be reduced to an extent corresponding to the extent to which those parts were used for other purposes.
- (10) In this section—
- “*agricultural estate*” means any land (including any houses or other buildings) which is managed as one estate and which consists of or includes any agricultural land; and
- “*agricultural land*” means land, houses or other buildings in the United Kingdom occupied wholly or mainly for the purposes of husbandry.
##### 379B
The provisions of section 379A apply in relation to an overseas property business (within the meaning given by Chapter 2 of Part 3 of ITTOIA 2005) as they apply in relation to a UK property business.
#### Meaning of “adjusted net income”
##### 384A
- (1) Relief shall not be given to an individual under sections 380 and 381 by reference to a first-year allowance under Part 2 of the Capital Allowances Act (plant and machinery allowances) in the circumstances specified in subsection (2) or (4) below.
- (2) The circumstances are that the allowance is in respect of expenditure incurred on the provision of plant or machinery for leasing in the course of a qualifying activity and—
- (a) at the time when the expenditure was incurred, the qualifying activity was carried on by the individual in question in partnership with a company (with or without other partners), or
- (b) a scheme has been effected or arrangements have been made (whether before or after that time) with a view to the qualifying activity being so carried on by that individual.
- (3) For the purposes of subsection (2) above letting a ship on charter shall be regarded as leasing it if, apart from this subsection, it would not be so regarded.
- (4) The circumstances are that the allowance is made in connection with—
- (a) a qualifying activity which at the time when the expenditure was incurred was carried on by the individual in partnership or which has subsequently been carried on by him in partnership or transferred to a person who was connected with him, or
- (b) an asset which after that time has been transferred by the individual to a person who was connected with him or, at a price lower than its market value, to any other person,
and the condition in subsection (5) below is met.
- (5) The condition is that a scheme has been effected or arrangements have been made (whether before or after the time referred to in subsection (4) above) such that the sole or main benefit that might be expected to accrue to the individual from the transaction under which the expenditure was incurred was the obtaining of a reduction in tax liability by means of relief under sections 380 and 381.
- (6) Where relief has been given in circumstances in which subsection (1) applies it shall be withdrawn by the making of an assessment to income tax.
- (7) Section 839 (how to tell whether persons are connected) applies for the purposes of subsection (4) above.
- (8) Expressions used in this section and in Part 2 of the Capital Allowances Act have the same meaning as in that Part.
### Losses from Schedule A business or overseas property business
##### 392A
- (1) Where a company incurs a Schedule A loss in an accounting period, the loss shall be set off for the purposes of corporation tax against the company’s total profits for that period.
- (2) To the extent that a company’s Schedule A loss cannot be set off under subsection (1), it shall, if the company continues to carry on the Schedule A business in the succeeding accounting period, be carried forward to that period and be treated for the purposes of this section as a Schedule A loss of that period.
- (3) Where a company with investment business—
- (a) ceases to carry on a Schedule A business, but
- (b) continues to be a company with investment business,
any Schedule A loss that cannot be used under the preceding provisions shall be carried forward to the succeeding accounting period and be treated for the purposes of section 75 as if it were expenses of management deductible for that period.
- (4) In this section—
- (a) a “*Schedule A loss*” means a loss incurred by a company in a Schedule A business carried on by it; and
- (b) “*company with investment business*” has the same meaning as in Part IV.
- (5) The preceding provisions of this section apply to a Schedule A business only to the extent that it is carried on—
- (a) on a commercial basis, or
- (b) in the exercise of statutory functions.
- (6) For the purposes of subsection (5)(a)—
- (a) a business or part is not carried on on a commercial basis unless it is carried on with a view to making a profit, but if it is carried on so as to afford a reasonable expectation of profit it is treated as carried on with a view to making a profit; and
- (b) if there is a change in the manner in which a business or part is carried on, it is treated as having been carried on throughout an accounting period in the way in which it was being carried on by the end of the period.
- (7) In subsection (5)(b) “*statutory functions*” means functions conferred by or under any enactment (including an enactment contained in a local or private Act).
##### 392B
- (1) Where in any accounting period a company incurs a loss in an overseas property business (whether carried on by it solely or in partnership)—
- (a) the loss shall be carried forward to the succeeding accounting period and set against any profits of the business for that period,
- (b) if there are no profits of the business for that period, or if the profits for that period are exceeded by the amount of the loss, the loss or the remainder of it shall be carried forward again and set against any profits of the business for the next succeeding accounting period,
and so on.
- (2) Subsections (5) to (7) of section 392A apply in relation to relief under subsection (1) above and an overseas property business as they apply in relation to relief under section 392A(1) to (3) and a Schedule A business.
##### 393A
- (1) Subject to section 492(3), where in any accounting period ending on or after 1st April 1991 a company carrying on a trade incurs a loss in the trade, then, subject to subsection (3) below, the company may make a claim requiring that the loss be set off for the purposes of corporation tax against profits (of whatever description)—
- (a) of that accounting period, and
- (b) if the company was then carrying on the trade and the claim so requires, of preceding accounting periods falling wholly or partly within the period specified in subsection (2) below;
and, subject to that subsection and to any relief for an earlier loss, the profits of any of those accounting periods shall then be treated as reduced by the amount of the loss, or by so much of that amount as cannot be relieved under this subsection against profits of a later accounting period.
- (2) The period referred to in paragraph (b) of subsection (1) is (subject to subsection (2A) below) the period of twelve months immediately preceding the accounting period in which the loss is incurred; but the amount of the reduction that may be made under that subsection in the profits of an accounting period falling partly before the beginning of that period shall not exceed a part of those profits proportionate to the part of the accounting period falling within that period.
- (2A) This section shall have effect in relation to any loss to which this subsection applies as if, in subsection (2) above, the words “three years” were substituted for the words “twelve months”.
- (2B) Where a company ceases to carry on a trade at any time, subsection (2A) above applies to the following—
- (a) the whole of any loss incurred in that trade by that company in an accounting period beginning twelve months or less before that time; and
- (b) the part of any loss incurred in that trade by that company in an accounting period ending, but not beginning, in that twelve months which is proportionate to the part of that accounting period falling within those twelve months.
- (2C) Where—
- (a) a loss is incurred by a company in a ring fence trade carried on by that company, and
- (b) the accounting period in which the loss is incurred is an accounting period for which an allowance under section 164 of the Capital Allowances Act (abandonment expenditure incurred before cessation of ring fence trade) is made to that company,
subsection (2A) above applies to so much of the amount of that loss not falling within subsection (2B) above as does not exceed the amount of that allowance.
- (3) Subsection (1) above shall not apply to trades falling within Case V of Schedule D; and a loss incurred in a trade in any accounting period shall not be relieved under that subsection unless—
- (a) the trade is one carried on in the exercise of functions conferred by or under any enactment (including an enactment contained in a local or private Act), or
- (b) for that accounting period the trade was being carried on on a commercial basis and with a view to the realisation of gain in the trade or in any larger undertaking of which the trade formed part;
but this subsection is without prejudice to section 397.
- (4) For the purposes of subsection (3) above—
- (a) where at any time a trade is carried on so as to afford a reasonable expectation of gain, it shall be treated as being carried on at that time with a view to the realisation of gain; and
- (b) where in an accounting period there is a change in the manner in which a trade is being carried on, it shall be treated as having throughout the accounting period been carried on in the way in which it was being carried on by the end of that period.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) Subject to subsection (7A) below, where a company ceases to carry on a trade, subsection (9) of section 393 shall apply in computing for the purposes of this section a loss in the trade in an accounting period ending with the cessation, or ending at any time in the twelve months immediately preceding the cessation, as it applies in computing a loss in an accounting period for the purposes of subsection (1) of that section.
- (7A) For the purposes of this section where—
- (a) subsection (7) above has effect for computing the loss for any accounting period, and
- (b) that accounting period is one beginning before the beginning of the twelve months mentioned in that subsection,
the part of that loss that is not the part falling within subsection (2B)(b) above shall be treated as reduced (without any corresponding increase in the part of the loss that does fall within subsection (2B)(b) above) by an amount equal to so much of the aggregate of the charges on income treated as expenses by virtue of subsection (7) above as is proportionate to the part of the accounting period that does not fall within those twelve months.
- (8) Relief shall not be given by virtue of subsection (1)(b) above in respect of a loss incurred in a trade so as to interfere with any relief under section 338 in respect of payments made wholly and exclusively for the purposes of that trade.
- (9) For the purposes of this section—
- (a) the amount of a loss incurred in a trade in an accounting period shall be computed in the same way as trading income from the trade in that period would have been computed;
- (b) “*trading income*” means, in relation to any trade, the income which falls or would fall to be included in respect of the trade in the total profits of the company; and
- (c) references to a company carrying on a trade refer to the company carrying it on so as to be within the charge to corporation tax in respect of it.
- (10) A claim under subsection (1) above may only be made within the period of two years immediately following the accounting period in which the loss is incurred or within such further period as the Board may allow.
- (11) In any case where—
- (a) by virtue of section 165 of the Capital Allowances Act (abandonment expenditure within 3 years of ceasing ring fence trade) the qualifying expenditure of the company for the chargeable period related to the cessation of its ring fence trade is treated as increased by any amount, or
- (b) by virtue of section 416 of that Act (expenditure on restoration within 3 years of ceasing to trade) any expenditure is treated as qualifying expenditure incurred by the company on the last day of trading,
then, in relation to any claim under subsection (1) above to the extent that it relates to an increase falling within paragraph (a) above or to expenditure falling within paragraph (b) above, subsection (10) above shall have effect with the substitution of “five years” for “two years”.
- (12) In this section “*ring fence trade*” has the same meaning as in section 162 of the Capital Allowances Act.
##### 393B
- (1) This section applies if these conditions are met—
- (a) a company makes a claim under section 393A(1) requiring that a loss incurred in a ring fence trade be set off against profits;
- (b) section 393A(2A) applies in relation to that claim (three year set off period) by virtue of—
- (i) section 393A(2B) (loss precedes cessation of trade), or
- (ii) section 393A(2C) (loss arises in year when general decommissioning expenditure incurred); and
- (c) the loss incurred in the ring fence trade that may be set off under section 393A (“L”) exceeds the profits against which L may be set off under section 393A (“P”).
- (2) The profits of the ring fence trade of an accounting period are to be relieved under subsection (3) if that period—
- (a) falls wholly or partly before the three year set off period, and
- (b) ends on or after 17 April 2002.
- (3) Subject to any relief for an earlier loss, those profits of that accounting period shall be treated as reduced by—
- (a) the amount by which L exceeds P, or
- (b) so much of that amount as cannot be relieved under this subsection against profits of the ring fence trade of a later accounting period.
- (4) Subsection (3) is subject to subsection (5) in the case of an accounting period that falls partly (but not wholly) before the three year set off period.
- (5) The amount of the reduction of the profits of the ring fence trade that may be made under subsection (3) shall not exceed a part of those profits proportionate to the part of the accounting period that falls before the three year set off period.
- (6) Subsection (3) is subject to subsection (7) in the case of an accounting period that begins before 17 April 2002 and ends on or after that date.
- (7) The amount of the reduction of the profits of the ring fence trade that may be made under subsection (3) shall not exceed a part of those profits proportionate to the part of the accounting period that falls after 16 April 2002.
- (8) In this section—
- “*ring fence*” has the same meaning as in section 162 of the Capital Allowances Act;
- “*three year set off period*” means the period of three years that applies to the claim under section 393A(1) by virtue of section 393A(2A) and section 393A(2B) or (2C).
#### Children’s tax credit.
##### 403ZA
- (1) For the purposes of section 403 a trading loss means a loss incurred by the surrendering company in the surrender period in carrying on a trade, computed as for the purposes of section 393A(1).
- (2) That section does not apply to a trading loss which would be excluded from section 393A(1) by—
- (a) section 393A(3) (foreign trades and certain trades not carried on with a view to gain), or
- (b) section 397 (farming and market gardening: restriction on loss relief).
- (3) Where a company owned by a consortium—
- (a) has in any relevant accounting period incurred a trading loss, and
- (b) has profits (of whatever description) of that accounting period against which that loss could be set off under section 393A(1),
the amount of the loss available to a member of the consortium on a consortium claim shall be determined on the assumption that the company has made a claim under section 393A(1) requiring the loss to be so set off.
- (4) Where the company mentioned in subsection (3) is a group/consortium company, the amount of the loss available under that subsection shall be determined before any reduction is made under section 405(1) to (3).
##### 403ZB
- (1) For the purposes of section 403 excess capital allowances means capital allowances falling to be made to the surrendering company for the surrender period to the extent that they are to be given effect under section 260 of the Capital Allowances Act (special leasing: excess allowance).
- (2) In determining the amount of the allowances falling to be made for the surrender period, no account shall be taken of any allowances carried forward from an earlier period.
- (3) The amount of the company’s income of the relevant class means its amount before deduction of—
- (a) losses of any other period, or
- (b) capital allowances.
##### 403ZC
- (1) For the purposes of section 403 a non-trading deficit on its loan relationships means a deficit of the surrendering company to which section 83 of the Finance Act 1996 applies.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 403ZD
- (1) References in section 403 to charges on income, Schedule A losses and management expenses shall be construed as follows.
- (2) Charges on income means the aggregate of the amounts paid by the surrendering company in the surrender period by way of charges on income.
- (3) A Schedule A loss means a loss incurred by the surrendering company in the surrender period in a Schedule A business carried on by the company.
It does not include—
- (a) an amount treated as such a loss by section 392A(2) (losses carried forward from earlier period), or
- (b) a loss which would be excluded from section 392A by subsection (5) of that section (certain businesses not carried on with a view to gain).
- (4) Management expenses means the aggregate of the amounts deductible under section 75(1) (expenses of management of company with investment business) by the surrendering company for this period.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) A non-trading loss on intangible fixed assets means a non-trading loss on intangible fixed assets, within the meaning of Schedule 29 to the Finance Act 2002, for the surrender period.
It does not include so much of any such loss as is attributable to an amount being carried forward under paragraph 35(3) of that Schedule (amounts carried forward from earlier periods).
##### 403ZE
- (1) For the purposes of section 403 the surrendering company’s gross profits of the surrender period means its profits for that period—
- (a) without any deduction in respect of such losses, allowances and other amounts as are mentioned in paragraph (a) or (b) of subsection (1) of that section, and
- (b) without any deduction falling to be made—
- (i) in respect of losses, allowances or other amounts of any other period (whether or not of a description within subsection (1) of that section), or
- (ii) by virtue of section 75(9) or 392A(3) (other amounts carried forward).
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 403A
- (1) The amount which, on a claim for group relief, may be set off against the total profits of the claimant company for an accounting period (“*the claim period*”), and accordingly the amount to which any consent required in respect of that claim may relate, shall not exceed whichever is the smaller of the following amounts—
- (a) the unused part of the surrenderable amount for the overlapping period; and
- (b) the unrelieved part of the claimant company’s total profits for the overlapping period.
- (2) For the purposes of any claim for group relief—
- (a) the unused part of the surrenderable amount for the overlapping period is the surrenderable amount for that period reduced by the amount of any prior surrenders attributable to the overlapping period; and
- (b) the unrelieved part of the claimant company’s total profits for the overlapping period is the amount of its total profits for that period reduced by the amount of any previously claimed group relief attributable to the overlapping period.
- (3) For the purposes of any claim for group relief—
- (a) the surrenderable amount for the overlapping period is so much of the surrenderable amount for the accounting period of the surrendering company to which the claim relates as is attributable, on an apportionment in accordance with section 403B, to the overlapping period;
- (b) the surrenderable amount for an accounting period of the surrendering company is the total amount for that accounting period of the losses and other amounts which (disregarding this section and section 403C) are available in that company’s case for set off by way of group relief; and
- (c) the amount of the claimant company’s total profits for the overlapping period is so much of its total profits for the claim period as is attributable, on an apportionment in accordance with section 403B, to the overlapping period.
- (4) In relation to any claim for group relief (“*the relevant claim*”) the amount of the prior surrenders attributable to the period which is the overlapping period in the case of the relevant claim is equal to the aggregate amount (if any) produced by—
- (a) taking the amount of every claim for group relief (whether a group claim or a consortium claim) which—
- (i) has been made before the relevant claim,
- (ii) was made in respect of the whole or any part of the amount which, in relation to the relevant claim, is the surrenderable amount for the accounting period of the surrendering company to which the claim relates, and
- (iii) has not been withdrawn;
- (b) treating the amount of group relief which (having regard to the provisions of this section) is allowable under each such claim as an amount of relief for the period which is the overlapping period in the case of that claim;
- (c) determining how much of each amount treated in accordance with paragraph (b) above as an amount of relief for a particular period is attributable, on an apportionment in accordance with section 403B, to the period (if any) which is common to both—
- (i) that period; and
- (ii) the period which is the overlapping period in the case of the relevant claim;
and
- (d) aggregating all the amounts determined under paragraph (c) above in respect of the previously made claims.
- (5) In relation to any claim for group relief (“*the relevant claim*”), the amount of previously claimed group relief attributable to the period which is the overlapping period in the case of that claim is the aggregate amount produced by—
- (a) taking the amount of every claim for group relief (whether a group claim or a consortium claim) which—
- (i) has been made before the relevant claim,
- (ii) was a claim to set off an amount by way of group relief against the claimant company’s total profits for the period which, in relation to the relevant claim, is the claim period, and
- (iii) has not been withdrawn;
- (b) treating the amount of group relief which (having regard to the provisions of this section) is allowable under each such claim as an amount of relief for the period which is the overlapping period in the case of that claim;
- (c) determining how much of each amount treated in accordance with paragraph (b) above as an amount of relief for a particular period is attributable, on an apportionment in accordance with section 403B, to the period (if any) which is common to both—
- (i) that period; and
- (ii) the period which is the overlapping period in the case of the relevant claim;
and
- (d) aggregating all the amounts determined under paragraph (c) above in respect of the previously made claims.
- (6) For the purposes of this section the amount of group relief allowable on any claim (“*the finalised claim*”) shall fall to be determined as at the time when that claim ceases to be capable of being withdrawn as if—
- (a) every claim that became incapable of being withdrawn before that time were a claim made before the finalised claim; and
- (b) every claim that remains capable of being withdrawn at that time were a claim made after the finalised claim.
- (7) Subject to subsection (6) above and without prejudice to any power to withdraw and resubmit claims, where (but for this subsection) more than one claim for group relief would be taken for the purposes of subsections (4) and (5) above to have been made at the same time, those claims shall be deemed, instead, to have been made—
- (a) in such order as the company or companies making them may, by notice to any officer of the Board, elect or, as the case may be, jointly elect; and
- (b) if there is no such election, in such order as an officer of the Board may direct.
- (8) In this section “*the overlapping period*”, in relation to a claim for group relief, means (subject to subsection (9) below and section 406(3) and (7)) the period which is common to both—
- (a) the claim period; and
- (b) the accounting period of the surrendering company to which the claim relates.
- (9) For the purposes of this section any time in the period which, in relation to any claim for group relief, is common to both the accounting periods mentioned in subsection (8) above but which is a time when the qualifying conditions were not satisfied—
- (a) shall be treated as not comprised in the period which is the overlapping period in the case of that claim; and
- (b) shall be treated instead, in relation to each of those accounting periods, as if it constituted a part of that accounting period which was not common to both periods.
- (10) For the purposes of subsection (9) above the qualifying conditions are satisfied in relation to any claim for group relief at the following times, that is to say—
- (a) if the claim is a group claim, whenever the claimant company and the surrendering company are both members of the same group and the condition specified in section 402(3B) is satisfied in the case of both companies; and
- (b) if the claim is a consortium claim, whenever the conditions specified in section 402(3) for the making of that claim and the condition specified in section 402(3B) are satisfied in the case of the claimant company and the surrendering company.
##### 403B
- (1) Subject to subsection (2) below, where an apportionment falls to be made under section 403A for the purpose of determining how much of an amount for any period (“*the first period*”) is attributable to any other period (“*the second period*”) which comprises the whole or a part of the first period—
- (a) the whole of that amount shall be attributed to the second period if the first and second periods begin and end at the same times; and
- (b) in any other case, the apportionment shall be made on a time basis according to how much of the first period coincides with the second period.
- (2) Where the circumstances of a particular case are such that the making on the time basis mentioned in subsection (1)(b) above of some or all of the apportionments to be made in that case would work in a manner that would be unjust or unreasonable in relation to any person, those apportionments shall be made instead (to the extent only that is necessary in order to avoid injustice and unreasonableness) in such other manner as may be just and reasonable.
##### 403C
- (1) In the case of a consortium claim the amount that may be set off against the total profits of the claimant company is limited by this section.
- (2) Where the claimant company is a member of the consortium, the amount that may be set off against the total profits of that company for the overlapping period is limited to the relevant fraction of the surrenderable amount.
That fraction is whichever is the lowest in that period of the following percentages—
- (a) the percentage of the ordinary share capital of the surrendering company that is beneficially owned by the claimant company;
- (b) the percentage to which the claimant company is beneficially entitled of any profits available for distribution to equity holders of the surrendering company; and
- (c) the percentage to which the claimant company would be beneficially entitled of any assets of the surrendering company available for distribution to its equity holders on a winding-up.
If any of those percentages have fluctuated in that period, the average percentage over the period shall be taken.
- (3) Where the surrendering company is a member of the consortium, the amount that may be set off against the total profits of the claimant company for the overlapping period is limited to the relevant fraction of the claimant company’s total profits for the overlapping period.
That fraction is whichever is the lowest in that period of the following percentages—
- (a) the percentage of the ordinary share capital of the claimant company that is beneficially owned by the surrendering company;
- (b) the percentage to which the surrendering company is beneficially entitled of any profits available for distribution to equity holders of the claimant company; and
- (c) the percentage to which the surrendering company would be beneficially entitled of any assets of the claimant company available for distribution to its equity holders on a winding-up.
If any of those percentages have fluctuated in that period, the average percentage over the period shall be taken.
- (4) In any case where the claimant or surrendering company is a subsidiary of a holding company which is owned by a consortium, for the references in subsection (2) or (3) above to the claimant or surrendering company there shall be substituted references to the holding company.
- (5) Expressions used in this section and in section 403A have the same meanings in this section as in that section.
- (6) Schedule 18 has effect for supplementing this section.
##### 403D
- (1) In determining for the purposes of this Chapter the amounts for any accounting period of the losses and other amounts available for surrender by way of group relief by a non-resident company, no loss or other amount shall be treated as so available except in so far as—
- (a) it is attributable to activities of that company the income and gains from which for that period are, or (were there any) would be, brought into account in computing the company’s chargeable profits for that period for corporation tax purposes;
- (b) it is not attributable to activities of the company which are made exempt from corporation tax for that period by any double taxation arrangements; and
- (c) no part of—
- (i) the loss or other amount, or
- (ii) any amount brought into account in computing it,
corresponds to, or is represented in, any amount which, for the purposes of any foreign tax, is (in any period) deductible from or otherwise allowable against non-UK profits of the company or any other person.
- (2) In determining for the purposes of sections 403A and 403C the total profits for an accounting period of a non-resident company, there shall be disregarded—
- (a) amounts not falling to be comprised for corporation tax purposes in the chargeable profits of the company for that accounting period, and
- (b) so far as not falling within paragraph (a) above, any amounts arising from activities which are made exempt from corporation tax for that period by any double taxation arrangements.
- (3) In this section “*non-UK profits*”, in relation to any person, means amounts which—
- (a) are taken for the purposes of any foreign tax to be the amount of the profits, income or gains on which (after allowing for deductions) that person is charged with that tax, and
- (b) are not amounts corresponding to, and are not represented in, the total profits (of that or any other person) for any accounting period,
or amounts taken into account in computing such amounts.
- (4) Subsection (2) above applies for the purposes of subsection (3)(b) above as it applies for the purposes of sections 403A and 403C.
- (5) For the purposes of this section an amount shall not be taken to be an amount which for the purposes of any foreign tax is deductible from or otherwise allowable against any non-UK profits of any person by reason only that it is—
- (a) an amount of profits brought into account for the purpose of being excluded from the profits that are non-UK profits of that person by reference to that foreign tax; or
- (b) an amount brought into account in computing the amount of any profits falling to be so excluded.
- (6) So much of the law of any territory outside the United Kingdom as for the purposes of any foreign tax makes the deductibility of any amount dependent on whether or not it is deductible for tax purposes in the United Kingdom shall be disregarded for the purposes of this section.
- (7) For the purposes of this section activities of a company are made exempt from corporation tax for any period by double taxation arrangements if the effect of any such arrangements is that the income and gains (if any) arising for that period from those activities is to be disregarded in computing the company’s chargeable profits.
- (8) In this section “*double taxation arrangements*” means any arrangements having effect by virtue of section 788.
- (9) In this section “*foreign tax*” means any tax chargeable under the law of any territory outside the United Kingdom which—
- (a) is charged on income and corresponds to United Kingdom income tax; or
- (b) is charged on income or chargeable gains or both and corresponds to United Kingdom corporation tax;
but for the purposes of this section a tax shall not be treated as failing to correspond to income tax or corporation tax by reason only that it is chargeable under the law of a province, state or other part of a country, or is levied by or on behalf of a municipality or other local body.
- (10) In determining for the purposes of this section whether any activities are made exempt from corporation tax for any period by any double taxation arrangements any requirement that a claim is made before effect is given to any provision of the arrangements shall be disregarded.
##### 403E
- (1) In determining, for the purposes of this Chapter, the amounts for any accounting period of the losses and other amounts available for surrender by way of group relief by any company resident in the United Kingdom (“*the resident company*”), a loss or other amount shall be treated as not so available in so far as it—
- (a) is attributable to an overseas permanent establishment of that company, and
- (b) is a loss or other amount falling within subsection (2) below.
- (2) Subject to subsection (3) below, a loss or other amount attributable to an overseas permanent establishment falls within this subsection if the whole or any part of it is, or represents, an amount which, for the purposes of foreign tax under the law of the territory where that permanent establishment is situated, is (in any period) deductible from or otherwise allowable against non-UK profits of a person other than the resident company.
- (3) A loss or other amount does not fall within subsection (2) above if it is referable to life assurance business (within the meaning of Chapter I of Part XII) carried on by the resident company.
- (4) The reference in subsections (1) and (2) above to a loss or other amount attributable to an overseas permanent establishment of a company is a reference to the loss or other amount (if any) that would be surrenderable by that company by way of group relief if the amount surrenderable by that company were computed—
- (a) by reference only to that permanent establishment, and
- (b) by the application in relation to that permanent establishment of principles corresponding in all material respects to those applicable for the purposes of corporation tax to the computation of the equivalent losses or other amounts in the case of the UK permanent establishment of a non-resident company.
- (5) In subsection (4)(b) above the reference to the UK permanent establishment of a non-resident company is a reference to any permanent establishment through which a company which is not resident in the United Kingdom carries on a trade in the United Kingdom.
- (6) References in this section to an overseas permanent establishment of a company are references to any permanent establishment through which that company carries on a trade in a territory outside the United Kingdom.
- (7) In this section “*foreign tax*” and “*non-UK profits*” have the same meaning as in section 403D.
- (8) Where the deductibility of any amount for the purposes of any foreign tax is dependent on whether or not that amount, or a corresponding amount, is deductible for tax purposes in the United Kingdom, this section shall have effect as if that amount were deductible for the purposes of that foreign tax if, and only if, the resident company is treated for the purposes of that tax as resident in the territory where that tax is charged.
##### 403F
- (1) This section has effect for determining for the purposes of this Chapter the extent to which a loss or other amount is available for surrender by way of group relief by a non-resident company—
- (a) which is resident in an EEA territory, or
- (b) which is not so resident but which carries on a trade in an EEA territory through a permanent establishment,
in a case where a group claim may be made as a result of the condition in section 402(2A) being satisfied.
- (2) A loss or other amount is not available for surrender by way of group relief by the non-resident company except in so far as, in relation to the EEA territory, the amount meets—
- (a) the equivalence condition,
- (b) the EEA tax loss condition,
- (c) the qualifying loss condition, and
- (d) the precedence condition.
- (3) Part 1 of Schedule 18A determines, in the case of any amount and any EEA territory, the extent to which those conditions are met.
- (4) In so far as a loss or other amount meets those conditions, Part 2 of Schedule 18A applies—
- (a) for calculating the amount of the loss or other amount (if any) that is available for surrender by way of group relief, and
- (b) otherwise for making provision in relation to the application of this Chapter to the non-resident company.
- (5) This section is subject to section 403G (unallowable overseas losses of non-resident companies).
##### 403G
- (1) This section applies in the case of a loss or other amount arising to a non-resident company—
- (a) which is resident in any EEA territory, or
- (b) which is not so resident but which carries on a trade in an EEA territory through a permanent establishment,
where the amount is not attributable for corporation tax purposes to any UK permanent establishment of the non-resident company.
- (2) The amount is not available for surrender by way of group relief by the non-resident company in so far as conditions A and B are met.
- (3) Condition A is that—
- (a) the amount would not qualify for group relief but for any relevant arrangements, or
- (b) the amount would not have arisen to the non-resident company but for any relevant arrangements.
- (4) Condition B is that the main purpose, or one of the main purposes, of the relevant arrangements was to secure that the amount would qualify for group relief.
- (5) In this section references to relevant arrangements, in relation to any amount, are to—
- (a) arrangements made on or after 20th February 2006, or
- (b) arrangements made before that date where the amount would (but for this section) first qualify for group relief on or after that date or (as the case may be) the amount arises on or after that date.
- (6) In this section—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable),
- “*UK permanent establishment*”, in relation to the non-resident company, means any permanent establishment through which it carries on a trade in the United Kingdom.
##### 411ZA
- (1) This section applies if the surrendering company is prevented from obtaining a deduction in respect of an amount by section 520 of CTA 2009 (provision not at arm's length: non-deductibility of relevant return).
- (2) The amount may not be surrendered by way of group relief.
##### 411A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Elections as to transfer of relief under section 257A.
#### Further interpretation of sections 135 to 139.
#### Interpretation.
#### Relief for contributions in respect of share option gains.
#### Exemptions from section 148.
##### 431ZA
- (1) An insurance company may, in its company tax return for the first accounting period of the company beginning on or after 1 January 2008 in which any of the assets of the company's long-term insurance fund would (apart from this section) be foreign business assets, elect that none of the assets of the company's long-term insurance fund are to be regarded for the purposes of this Act as being foreign business assets.
- (2) The election has effect for that accounting period and all subsequent accounting periods of the company.
- (3) An election under subsection (1) is irrevocable.
##### 431A
- (1) The Treasury may by order amend any insurance company taxation provision where it is expedient to do so in consequence of the exercise of any power under the Financial Services and Markets Act 2000, in so far as that Act relates to insurance companies.
- (2) Where any exercise of a power under that Act has effect for a period ending on or before, or beginning before and ending after, the day on which an order containing an amendment in consequence of that exercise is made under subsection (1) above, the power conferred by that subsection includes power to provide for the amendment to have effect in relation to that period.
- (3) The Treasury may by order amend any of the following provisions—
- (a) sections 432ZA, 432A, 432B to 432G and 755A and Schedule 19AA;
- (b) sections 83A, 85, 88 and 89 of the Finance Act 1989;
- (c) section 210A of the Taxation of Chargeable Gains Act 1992.
- (4) An order under subsection (3) above may only be made so as to have effect in relation to periods of account—
- (a) beginning on or after 1st January 2005, and
- (b) ending before 1st October 2006.
- (5) The Treasury may by order amend subsection (4)(b) above by substituting for “1st October 2006” a date no later than 1st October 2007.
- (6) Any power conferred by this section to make an order includes power to make—
- (a) different provision for different cases or different purposes, and
- (b) incidental, supplemental, consequential or transitional provision and savings.
- (7) In this section “*insurance company taxation provision*” means any of the following—
- (a) a provision of this Chapter;
- (b) any other provision of the Tax Acts so far as relating to insurance companies.
##### 431AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 432A
- (1) This section has effect for determining for the purposes of any provision of the Corporation Tax Acts in relation to any period for which an insurance company carries on business what parts of—
- (a) income arising from the assets of the company’s long-term insurance fund, or
- (b) gains or losses accruing on the disposal of such assets,
are referable to any category of business.
- (1A) If the company carries on only one category of business in the period, all of the income and gains or losses referred to in subsection (1) above shall be referable to that category of business; but if the company carries on more than one category of business in the period, the following provisions shall apply.
- (2) The categories of business referred to in subsections (1) and (1A) above are—
- (a) pension business;
- (b) life reinsurance business;
- (c) overseas life assurance business;
- (d) basic life assurance and general annuity business; and
- (f) long-term business other than life assurance business.
- (3) Income arising from, and gains or losses accruing on the disposal of, assets linked to any category of business (apart from overseas life assurance business) shall be referable to that category of business.
- (4) Income arising from, and gains or losses accruing on the disposal of, assets of the overseas life assurance fund (and no other assets) shall be referable to overseas life assurance business.
- (5) There shall be referable to any category of business (apart from overseas life assurance business) the relevant fraction of any income, gains or losses not directly referable to any category of business.
- (6) For the purposes of subsection (5) above “*the relevant fraction*”, in relation to basic life assurance and general annuity business, is the fraction of which—
- (a) the numerator is the aggregate of—
- (i) the mean of the opening and closing liabilities of that category of business, reduced (but not below nil) by the mean of the opening and closing net values of any assets directly referable to that category, . . .
- (ii) if there has been a relevant reattribution, the mean of the opening and closing amounts of the shareholders' excess assets, and
- (iii) the mean of the appropriate parts of the opening and closing amounts of the free assets amounts; and
- (b) the denominator is the aggregate of—
- (i) the numerator given by paragraph (a) above; and
- (ii) the numerators given by subsection (6A)(a) below in relation to the other categories of business.
- (6A) For the purposes of subsection (5) above “*the relevant fraction*”, in relation to any other category of business other than basic life assurance and general annuity business and overseas life assurance business, is the fraction of which—
- (a) the numerator is the aggregate of—
- (i) the mean of the opening and closing liabilities of the category, reduced (but not below nil) by the mean of the opening and closing net values of any assets directly referable to the category, and
- (ii) the mean of the appropriate parts of the opening and closing amounts of the free assets amounts; and
- (b) the denominator is the aggregate of—
- (i) the numerator given by paragraph (a) above
- (ii) the numerators given by that paragraph in relation to the other categories of business; and
- (iii) the numerators given by subsection (6)(a) above in relation to the basic life assurance and general annuity business.
- (7) For the purposes of subsections (5), (6) and (6A) above—
- (a) income, gains or losses are directly referable to a category of business if referable to that category by virtue of subsection (3) or (4) above, . . .
- (b) assets are directly referable to a category of business if income arising from the assets is, and gains or losses accruing on the disposal of the assets are, so referable by virtue of subsection (3) above, and
- (c) amounts are directly referable to basic life assurance and general annuity business if they fall within any of the following provisions—
- (i) sections 438B, 441B and 442A,
- (ii) section 85(2C)(c) of the Finance Act 1989.
- (8) In subsections (6) and (6A) above—
- (a) “*appropriate part*”, in relation to the free assets amount, means—
- (i) where none (or none but an insignificant proportion) of the liabilities of the long-term business are with-profits liabilities, the part of that amount which bears to the whole the proportion A/B where—
A is the amount of the liabilities of the category of business in question;
B is the whole amount of the liabilities of the long-term business; and
- (ii) in any other case the part of the free assets amount which bears to the whole the proportion C/D where—
C is the amount of the with-profits liabilities of the category of business in question;
D is the whole amount of the with-profits liabilities of the long-term business; and
- (b) the amount of the shareholders' excess assets in relation to any period of account of the company is the amount equal to SXA — L27 where—
- (i) SXA is the aggregate amount of the assets shown in its non-participating funds which are attributed to its shareholders as a result of a relevant reattribution; and
- (ii) L27 is the amount (if any) shown in line 27 of Form 19 in its periodical return for the relevant period of account.
- (8A) In this section—
- “*non-participating funds*” means accounts which relate exclusively to policies or contracts under which the policy holders or annuitants are not eligible to participate in surplus;
- “*reattribution*” in relation to an insurance company which has an inherited estate, means the attribution of assets to shareholders' interests as a result of—an agreement between the company and the relevant regulator as to the amount of that estate and its attribution between shareholders and policy holders; ora decision of the company to specify and identify an amount of assets (otherwise than in connection with a transfer to the company's long-term insurance fund) as attributable only to shareholders' interests;a reattribution is “relevant” if it arises as a result of any of the following—a transfer of business under—section 49 of, or Schedule 2C to, the Insurance Companies Act 1982;an insurance business transfer scheme (within the meaning of section 431(2));a scheme of arrangement under section 425 of the Companies Act 1985;an order under section 68 of the Insurance Companies Act 1982;a waiver under section 148 of the Financial Services and Markets Act 2000;an amendment to the company's memorandum, articles of association or other instrument regulating the company.
- (8B) In subsection (8A) above—
- “*inherited estate*” has the same meaning as it has in the Integrated Prudential Sourcebook; and
- “*relevant regulator*” means the Financial Services Authority, the Treasury or the Secretary of State.
- (9) Where a company carries on overseas life assurance business—
- (a) references in this section to liabilities do not include liabilities of that business, and
- (b) the appropriate part of the free assets amount as defined by paragraph 4(2)(a) of Schedule 19AA shall be left out of account in determining that amount for the purposes of this section.
- (9A) In this section and sections 432C and 432D “*net value*”, in relation to any assets, means the excess of the value of the assets over the value of money debts (within the meaning of Chapter 2 of Part 4 of the Finance Act 1996) attributable to an internal linked fund which are not owed in respect of liabilities.
- (9B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 432B
- (1) This section and sections 432C to 432F have effect where it is necessary in accordance with section 83 of the Finance Act 1989 to determine what parts of any items brought into account, within the meaning of that section, are referable to life assurance business or any category of life assurance business.
- (2) Where for that purpose reference falls to be made to more than one account recognised for the purposes of that section, the provisions of sections 432C to 432F apply separately in relation to each account.
- (3) Sections 432C and 432D apply where the business with which an account is concerned (“*the relevant business*”) relates exclusively to policies or contracts under which the policy holders or annuitants are not eligible to participate in surplus; and sections 432E and 432F apply where the relevant business relates wholly or partly to other policies or contracts.
- (4) The following provisions of this section have effect where sections 432C and 432D—
- (a) apply in relation to any account for a fund in which shareholders' excess assets are held, and
- (b) apply in relation to that account in relation to any period of account beginning on or after 1st January 2005 and ending before 1st October 2006.
- (5) The part of the amount brought into account as income which is referable in accordance with section 432C to any category of business apart from—
- (a) basic life assurance and general annuity business, and
- (b) overseas life assurance business,
is reduced by the relevant fraction of the shareholders' excess income.
- (6) The part of the amount brought into account as the increase or decrease in the value of assets or as other income which is referable in accordance with section 432D to any category of business apart from basic life assurance and general annuity business is reduced or increased as follows.
- (7) The part of that amount is—
- (a) reduced by the relevant fraction of the shareholders' excess gains, or
- (b) increased by the relevant fraction of the shareholders' excess losses,
as the case may be.
- (8) But no such reduction or increase is made if, in relation to the fund in question, an election in accordance with Rule 9.10(c) of the Prudential Sourcebook (Insurers) has effect for the period of account.
- (9) For the purposes of this section—
- “*the relevant fraction*”, in relation to a category of business, is the fraction of which—the numerator is the section 83 net amount referable to the category; andthe denominator is the section 83 net amount referable to all categories of business apart from basic life assurance and general annuity business;
- “*the section 83 net amount*” means the net amount (before giving effect to subsections (5) to (7) above) to be taken into account in accordance with section 83(2) of the Finance Act 1989 (that is to say, the aggregate amount to be taken into account as receipts reduced by the aggregate amount to be taken into account as expenses);
- “*shareholders' excess gains*” means the amount by which—the investment gains referable to basic life assurance and general annuity business in accordance with section 432A for the period of account exceedsthose gains that would be so referable if section 432A(6) were amended in accordance with subsection (10) below;
- “*shareholders' excess income*” means the amount by which—the investment income referable to basic life assurance and general annuity business in accordance with section 432A for the period of account exceedsthe amount that would be so referable if section 432A(6) were amended in accordance with subsection (10) below;
- “*shareholders' excess losses*” means the amount by which—the investment losses referable to basic life assurance and general annuity business in accordance with section 432A for the period of account exceedsthe amount that would be so referable if section 432A(6) were amended in accordance with subsection (10) below.
- (10) For the purposes of the definitions of “shareholders' excess gains”, “shareholders' excess income” and “shareholders' excess losses”, the amendments of section 432A(6) mentioned in those definitions are—
- (a) in paragraph (a)(ii) the insertion after “the mean of” of “the appropriate parts of”;
- (b) in paragraph (a)(ii) the insertion after “assets” of—
; and
- (c) in paragraph (b) the substitution for sub-paragraph (ii) of—
- (ii) the numerators that would be given by that paragraph in relation to the other categories of business if this subsection applied in relation to any category of business.
.
- (11) For the purposes of subsection (9)—
- (a) the amount of a company's investment gains is the greater of LG + NTC - NTD and nil where—
- (i) LG is the amount of chargeable gains accruing from disposals of assets of the company's long-term insurance fund in the period of account after deducting the aggregate of allowable losses so accruing in the period of account and any previous period of account to which section 8(1)(b) of the Taxation of Chargeable Gains Act 1992 (company's total profits to include chargeable gains) applies;
- (ii) NTC is the amount of non-trading credits for the period given by paragraph 2(1) of Schedule 11 to the Finance Act 1996 which arise to the company from increases in the fair value of the company's loan relationships or from related transactions; and
- (iii) NTD is the amount of non-trading debits given by that paragraph which arise to the company from decreases in the fair value of the company's loan relationships or from related transactions;
- (b) “*investment income*” means the aggregate of—
- (i) the non-trading credits for the period given by paragraph 2(1) of Schedule 11 to the Finance Act 1996 which do not arise to the company from increases in the fair value of the company's loan relationships or from related transactions;
- (ii) income falling with Schedule A; and
- (iii) income falling within Case V of Schedule D; and
- (c) the amount of a company's investment losses is the greater of LA + NTD - NTC and nil where—
- (i) LA is the amount of the company's allowable losses accruing from disposals of assets of the company's long-term insurance fund in the period of account after deducting chargeable gains so accruing; and
- (ii) NTC and NTD have the same meanings as they have in relation to a company's investment gains.
##### 432C
- (1) To the extent that the amount brought into account as income is attributable to assets linked to pension business, life reinsurance business, basic life assurance and general annuity business or long-term business other than life assurance business, it shall be referable to the category of business concerned.
- (2) To the extent that that amount is attributable to assets of the overseas life assurance fund or land in the United Kingdom linked to overseas life assurance business, it shall be referable to overseas life assurance business.
- (3) There shall be referable to any category of business (apart from overseas life assurance business) the relevant fraction of so much of the amount brought into account as income as is not directly referable to any category of business.
- (4) For the purposes of subsection (3) above “*the relevant fraction*”, in relation to a category of business, is the fraction of which—
- (a) the numerator is the mean of the opening and closing liabilities of the relevant business so far as referable to the category, reduced (but not below nil) by the mean of the opening and closing net values of any assets of the relevant business directly referable to the category; and
- (b) the denominator is the aggregate of—
- (i) the numerator given by paragraph (a) above; and
- (ii) the numerators given by that paragraph in relation to the other categories of business.
- (5) For the purposes of subsections (3) and (4) above—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the part of the amount brought into account as income which is directly referable to a category of business is the part referable to the category by virtue of subsection (1) or (2) above and assets are directly referable to a category of business if such part of the amount brought into account as income as is attributable to them is so referable.
- (6) For the purposes of this section, where a company carries on overseas life assurance business “*liabilities*” does not include liabilities of that business.
##### 432D
- (1) To the extent that the amount brought into account as the increase or decrease in the value of assets or as other income is attributable to assets linked to pension business, life reinsurance business, basic life assurance and general annuity business or long-term business other than life assurance business, or to assets of the overseas life assurance fund which are linked to overseas life assurance business, it shall be referable to the category of business concerned.
- (2) There shall be referable to any category of business the relevant fraction of the amount brought into account as the increase or decrease in the value of assets or as other income except so far as the amount is attributable to assets which are directly referable to any category of business.
- (3) For the purposes of subsection (2) above “the relevant fraction”, in relation to a category of business, is the fraction of which—
- (a) the numerator is the mean of the opening and closing liabilities of the relevant business so far as referable to the category, reduced (but not below nil) by the mean of the opening and closing net values of any assets of the relevant business directly referable to the category; and
- (b) the denominator is the aggregate of—
- (i) the numerator given by paragraph (a) above; and
- (ii) the numerators given by that paragraph in relation to the other categories of business.
- (4) For the purposes of subsections (2) and (3) above, the part of the amount brought into account as the increase or decrease in the value of assets or as other income which is directly referable to a category of business is the part referable to the category by virtue of subsection (1) above and assets are directly referable to a category of business if such part of the amount brought into account as the increase or decrease in the value of assets or as other income as is attributable to them is so referable.
##### 432E
- (1) The part of the net amount to be taken into account in accordance with section 83(2) of the Finance Act 1989 (that is to say, the aggregate amount to be taken into account as receipts reduced by the aggregate amount to be taken into account as expenses) which is referable to a particular category of business shall be the amount determined in accordance with subsections (2) and (2A) below or, if greater, the amount determined in accordance with subsection (3) below but subject to section 432G.
- (2) For the purposes of subsection (1) above there shall be determined the amount which is such as to secure—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) . . . that
$$CS-CAS=(S-AS)×CASAS$where—S is the surplus of the relevant business;AS is so much of that surplus as is allocated to persons entitled to the benefits provided for by the policies or contracts to which the relevant business relates;CAS is so much of the surplus so allocated as is attributable to policies or contracts of the category of business concerned; andCS is so much of the surplus of the relevant business as would remain if the relevant business were confined to business of the category concerned.$
- (2A) In a case where an amount or amounts are taken into account under subsection (2) of section 83 of the Finance Act 1989 by virtue of subsection (2B) of that section or by virtue of section 444ACA(2) of this Act, the amount determined under subsection (2) above is increased by—
$$CASAS×RP$where—CAS and AS have the same meanings as in subsection (2) above; andRP is the amount or the aggregate of the amounts taken into account under subsection (2) of section 83 of the Finance Act 1989 by virtue of any of the following provisions—subsection (2B) of that section;section 444ACA(2) of this Act.$
- (3) For the purposes of subsection (1) above there shall also be determined the aggregate of—
- (a) the applicable percentage of what is left of the mean of the opening and closing liabilities of the relevant business so far as referable to the category of business concerned after deducting from it the mean of the opening and closing values of any assets of the relevant business linked to that category of business, and
- (b) the part of the net amount mentioned in subsection (1) above that is attributable to assets linked to that category of business.
- (4) For the purposes of subsection (3) above “*the applicable percentage*”, in any case, is such percentage as may be determined for that case by or in accordance with an order made by the Treasury.
- (5) Where the part of the net amount referable to a particular category or categories of business (“*the subsection (3) category or categories*”) is the amount determined in accordance with subsection (3) above, the amount determined in accordance with subsection (2) above in relation to any other category (“*the relevant category*”) shall be reduced by—
$$XYZ$where—X is the excess of the amount determined in accordance with subsection (3) above in the case of the subsection (3) category (or each of them) over the amount determined in its case (or the case of each of them) in accordance with subsection (2) above;Y is so much of the surplus of the relevant business as is allocated to persons entitled to the benefits provided for by policies or contracts of the relevant category; andZ is so much of the surplus of the relevant business as is allocated to persons entitled to the benefits provided for by policies or contracts of the category (or each of the categories) which is not a subsection (3) category.$
References in this subsection to the amount determined in accordance with subsection (3) above are to that amount after making any deduction required by section 432F.
- (6) Where the category of business concerned is overseas life assurance business—
- (a) if the part of the income brought into account that is attributable to assets of the overseas life assurance fund not linked to overseas life assurance business is greater than the amount arrived at under subsection (3)(a) above, this section shall have effect as if that part of that income were the amount so arrived at; . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*authorised unit trust*” and “*open-ended investment company*” have the meanings given by section 468;
- “*charity*” has the same meaning as in section 506 and includes each of the bodies mentioned in section 507(1);
- “*the incidental costs of making the disposal to the person making it*” shall be construed in accordance with section 38(2) of the 1992 Act;
- “*life assurance business*” and related expressions have the same meaning as in Chapter I of Part XII;
- “*obligation*” includes a reference to each of the following—any scheme, arrangement or understanding of any kind, whether or not legally enforceable;a series of obligations (whether or not between the same parties);
- “*offshore fund*” has the same meaning as in Chapter 5 of Part 17;
- “*qualifying investment*” means any of the following—shares or securities which are listed or dealt in on a recognised stock exchange;units in an authorised unit trust;shares in an open-ended investment company;. . . an interest in an offshore fund; anda qualifying interest in land;
- “*related liabilities*” shall be construed in accordance with subsection (8E) above;
- “*value of the net benefit to the charity*” shall be construed in accordance with subsection (8A) above.
- (9A) In this section a “*qualifying interest in land*” means—
- (a) a freehold interest in land, or
- (b) a leasehold interest in land which is a term of years absolute,
where the land in question is in the United Kingdom.
This subsection is subject to subsections (9B) to (9D) below.
- (9B) Where a person makes a disposal to a charity of—
- (a) the whole of his beneficial interest in such freehold or leasehold interest in land as is described in subsection (9A)(a) or (b) above, and
- (b) any easement, servitude, right or privilege so far as benefiting that land,
the disposal falling within paragraph (b) above is to be regarded for the purposes of this section as a disposal by the person of the whole of his beneficial interest in a qualifying interest in land.
- (9C) Where a person who has a freehold or leasehold interest in land in the United Kingdom grants a lease for a term of years absolute (or, in the case of land in Scotland, grants a lease) to a charity of the whole or part of that land, the grant of that lease is to be regarded for the purposes of this section as a disposal by the person of the whole of the beneficial interest in the leasehold interest so granted.
- (9D) For the purposes of subsection (9A) above, an agreement to acquire a freehold interest and an agreement for a lease are not qualifying interests in land.
- (9E) In the application of this section to Scotland—
- (a) references to a freehold interest in land are references to the interest of the owner,
- (b) references to a leasehold interest in land which is a term of years absolute are references to a tenant’s right over or interest in a property subject to a lease, and
- (c) references to an agreement for a lease do not include references to missives of let that constitute an actual lease.
- (10) Subject to subsection (11) below, the market value of any qualifying investment shall be determined for the purposes of this section as for the purposes of the 1992 Act.
- (10A) Section 839 (connected persons) applies for the purposes of this section.
- (11) In the case of an interest in an offshore fund for which there are separate published buying and selling prices, section 272(5) of the 1992 Act (meaning of “*market value*” in relation to rights of unit holders in a unit trust scheme) shall apply with any necessary modifications for determining the market value of the interest for the purposes of this section.
- (12) This section is supplemented by section 587C below.
##### 587BA
- (1) This section applies for the purposes of section 587B where a qualifying investment is a qualifying interest in land.
- (2) Where two or more persons (“the owners”)—
- (a) are jointly beneficially entitled to the qualifying interest in land, or
- (b) are, taken together, beneficially entitled in common to the qualifying interest in land,
relief under section 587B is available if at least one of the owners is a qualifying company and all the owners dispose of the whole of their beneficial interests in the qualifying interest in land to the charity.
- (3) Subsection (4) applies if one or more of the owners is not a company.
- (4) For the purpose of determining whether the owners' beneficial interests are disposed of as mentioned in subsection (2), section 587B(9B) and (9C) applies as if references to a company included a reference to a person who is not a company.
- (5) Relief under section 587B is available to each of the owners which is a qualifying company.
- (6) If one or more of the owners is an individual—
- (a) the relevant amount is taken to be the relievable amount calculated for the purposes of Chapter 3 of Part 8 of ITA 2007, and
- (b) the amount of relief under section 587B to be given to a qualifying company is such share of the relievable amount as is allocated to the company by the agreement mentioned in section 442(5) of ITA 2007.
- (7) Subsections (8) to (12) apply if none of the owners is an individual.
- (8) The amount of relief under section 587B to be given to a qualifying company is such share of the relevant amount as is allocated to the company by an agreement made between those owners which are qualifying companies.
- (9) Calculate the relevant amount as if—
- (a) the owners were a single qualifying company, and
- (b) the disposals of the owners' beneficial interests were a single disposal by that single company of the whole of the beneficial interest in the qualifying interest in land.
- (10) In particular, for the purposes of section 587B(7) calculate the consideration for which the disposal is made by virtue of section 257(2)(a) of the 1992 Act by—
- (a) calculating, for each owner, the consideration for which the disposal of the owner's beneficial interest is so made, and
- (b) adding together all the consideration calculated under paragraph (a).
- (11) If one or more of the owners is not a qualifying company, in calculating the relevant amount make just and reasonable adjustments to reduce the relevant amount to reflect the fact that relief under section 587B is not available to that owner or to those owners.
- (12) If one or more of the owners is within paragraph (b) of section 587B(8), in calculating the relevant amount make just and reasonable adjustments to reduce the relevant amount to reflect the requirements of sub-paragraph (ii) of that paragraph.
- (13) A company is a qualifying company if—
- (a) it is not itself a charity, and
- (b) it is not within section 587B(8)(a).
##### 587C
- (1) This section applies for the purposes of section 587B where a qualifying investment is a qualifying interest in land.
- (2) Where two or more persons—
- (a) are jointly beneficially entitled to the qualifying interest in land, or
- (b) are, taken together, beneficially entitled in common to the qualifying interest in land,
section 587B applies only if each of those persons disposes of the whole of his beneficial interest in the qualifying interest in land to the charity.
- (3) Relief under section 587B shall be available to each of the persons referred to in subsection (2) above, but the amount that may be allowed as respects any of them shall be only such share of the relevant amount as they may agree in the case of that person.
- (4) No person may make a claim for a relief under subsection (2) of section 587B unless he has received a certificate given by or on behalf of the charity.
- (5) The certificate must—
- (a) specify the description of the qualifying interest in land which is the subject of the disposal,
- (b) specify the date of the disposal, and
- (c) contain a statement that the charity has acquired the qualifying interest in land.
- (6) If, in the case of a disposal of a qualifying interest in land, a disqualifying event occurs at any time in the relevant period, the person (or each of the persons) who made the disposal to the charity shall be treated as never having been entitled to relief under section 587B in respect of the disposal.
- (7) All such assessments and adjustments of assessments are to be made as are necessary to give effect to subsection (6) above.
- (8) For the purposes of subsection (6) above a disqualifying event occurs if the person (or any one of the persons) who made the disposal or any person connected with him (or any one of them)—
- (a) becomes entitled to an interest or right in relation to all or part of the land to which the disposal relates, or
- (b) becomes party to an arrangement under which he enjoys some right in relation to all or part of that land,
otherwise than for full consideration in money or money’s worth.
- (9) A disqualifying event does not occur, for the purposes of subsection (6) above, if a person becomes entitled to an interest or right as mentioned in subsection (8)(a) above as a result of a disposition of property on death, whether the disposition is effected by will, under the law relating to intestacy or otherwise.
- (10) For the purposes of subsection (6) above the relevant period is the period beginning with the date of the disposal of the qualifying interest in land and ending with—
- (a) in the case of an individual, the fifth anniversary of the 31st January next following the end of the year of assessment in which the disposal was made, and
- (b) in the case of a company, the sixth anniversary of the end of the accounting period in which the disposal was made.
- (11) Section 839 (connected persons) applies for the purposes of this section.
- (12) This section shall be construed as one with section 587B.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Transfer of reliefs.
##### 434A
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) Where for any accounting period the loss arising to an insurance company from its life assurance business falls to be computed in accordance with the provisions of this Act applicable to Case I of Schedule D—
- (a) the loss resulting from the computation shall be reduced (but not below nil) by the aggregate of—
- (i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (ii) any relevant non-trading deficit for that period on the company’s debtor relationships; and
- (iii) any loss for that period under section 441; and
- (b) if the whole or any part of that loss as so reduced is set off—
- (i) under section 393A, or
- (ii) under section 403(1),
any losses for that period under section 436 or 439B shall be reduced to nil, unless the aggregate of those losses exceeds the total of the amounts set off as mentioned in sub-paragraphs (i) and (ii) above, in which case each of those losses shall be reduced by an amount which bears to that total the proportion which the loss in question bears to that aggregate.
- (2A) The reference in subsection (2)(a)(ii) above to a relevant non-trading deficit for any period on a company’s debtor relationships is a reference to the non-trading deficit on the company’s loan relationships which would be produced by any separate computation made under paragraph 2 of Schedule 11 to the Finance Act 1996 for the company’s basic life assurance and general annuity business if credits and debits given in respect of the company’s creditor relationships (within the meaning of Chapter II of Part IV of that Act) were disregarded.
- (3) In the case of a company carrying on life assurance business, no relief shall be allowable —
- (a) under Chapter II (loss relief) or Chapter IV (group relief) of Part X, or
- (b) in respect of any amount representing a non-trading deficit on the company’s loan relationships that has been computed otherwise than by reference to debits and credits referable to that business,
against the policy holders’ share of the relevant profits for any accounting period.
#### Meaning of “distribution”.
##### 438A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exemptions from section 148.
##### 440A
- (1) Subsection (2) below applies where the assets of an insurance company include securities of a class all of which would apart from this section be regarded for the purposes of corporation tax on chargeable gains as one holding.
- (2) Where this subsection applies—
- (a) so many of the securities as are identified in the company’s records as securities by reference to the value of which there are to be determined benefits provided for under policies or contracts the effecting of all (or all but an insignificant proportion) of which constitutes the carrying on of—
- (i) pension business, or
- (ii) life reinsurance business, or
- (iii) basic life assurance and general annuity business,
shall be treated for the purposes of corporation tax as a separate holding linked solely to that business,
- (c) so many of the securities as are included in the overseas life assurance fund shall be treated for those purposes as a separate holding which is an asset of that fund,
- (d) so many of the securities as are included in the company’s long-term insurance fund but do not fall within any of the preceding paragraphs shall be treated for those purposes as a separate holding which is an asset of that fund (but not of any of the descriptions mentioned in those paragraphs, and
- (e) any remaining securities shall be treated for those purposes as a separate holding which is not of any of the descriptions mentioned in the preceding paragraphs.
- (3) Subsection (2) above also applies where the assets of an insurance company include securities of a class and apart from this section some of them would be regarded as a 1982 holding, and the rest as a section 104 holding, for the purposes of corporation tax on chargeable gains.
- (4) In a case within subsection (3) above—
- (a) the reference in any paragraph of subsection (2) above to a separate holding shall be construed, where necessary, as a reference to a separate 1982 holding and a separate section 104 holding, and
- (b) the questions whether such a construction is necessary in the case of any paragraph and, if it is, how many securities falling within the paragraph constitute each of the two holdings shall be determined in accordance with paragraph 12 of Schedule 6 to the Finance Act 1990 and the identification rules applying on any subsequent acquisitions and disposals.
- (5) Section 105 of the 1992 Act shall have effect where subsection (2) above applies as if securities regarded as included in different holdings by virtue of that subsection were securities of different kinds.
- (6) In this section—
- “*1982 holding*” has the same meaning as in section 109 of the 1992 Act;
- “*section 104 holding*” has the same meaning as in section 104(3) of that Act; and
- “*securities*” means shares, or securities of a company, and any other assets where they are of a nature to be dealt in without identifying the particular assets disposed or acquired.
- (7) In a case where the profits of a company’s life assurance business are charged to tax in accordance with Case I of Schedule D this section has effect with the modification specified in section 440B(4).
##### 441A
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 444A
- (1) Subject to subsection (7) below, this section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“the transferor”) to another (“the transferee”).
- (2) Any expenses payable which (assuming the transferor had continued to carry on the business transferred after the transfer) would have fallen to be brought into account by the transferor in determining the deduction for expenses payable to be allowed under section 76 in computing profits for an accounting period following the period which ends with the day on which the transfer takes place shall, instead, be brought into account under and in accordance with that section by the transferee as expenses payable by him (and giving effect in the case of acquisition expenses, to section 86(6) to (9) of the Finance Act 1989).
- (3) Any loss which (assuming the transferor had continued to carry on the business transferred after the transfer)—
- (a) would have been available under section 436(3)(c) or 439B(3)(c) to be set off against profits of the transferor for the accounting period following that which ends with the day on which transfer takes place, or
- (b) where the transfer relates to any overseas life assurance business or in connection with the transfer the transferor also transfers the whole or part of any such business, would have been so available under section 441(4)(b),
shall, instead, be treated as a loss of the transferee (and available to be set off against profits of the same category of business as that in which it arose) if the conditions in paragraphs (a) and (b) of section 343(1) are satisfied in relation to the business transferred (construing references to an event as to the transfer).
- (3ZA) Where subsection (3) above has effect, sections 343(4), (5) and (7) to (12) and 344 apply in relation to the business in which the loss arose construing—
- (a) references to the predecessor and the successor as to (respectively) the transferor and the transferee, and
- (b) references to section 343(3) as to subsection (3) of this section,
except that nothing in section 343(8) to (10) and (12) applies in relation to the transferee.
- (3A) Any subsection (2) excess (within the meaning of section 432F(2)) which (assuming the transferor had continued to carry on the business transferred after the transfer) would have been available under section 432F(3) or (4) to reduce a subsection (3) figure (within the meaning of section 432F(1)) of the transferor in an accounting period following that which ends with the day on which transfer takes place—
- (a) shall, instead, be treated as a subsection (2) excess of the transferee, and
- (b) shall be taken into account in the first accounting period of the transferee ending after the date of the transfer (to reduce the subsection (3) figure or, as the case may be, to produce or increase a subsection (2) excess for that period),
in relation to the revenue account of the transferee dealing with or including the business transferred.
- (4) Where acquisition expenses are treated as expenses payable by the transferee by virtue of subsection (2) above, the amount deductible for the first accounting period of the transferee ending after the transfer takes place shall be calculated as if that accounting period began with the day after the transfer.
- (5) Where the transfer is of part only of the transferor’s long-term business, subsection (2), (3) or (3A) above shall apply only to such part of any amount to which it would otherwise apply as is appropriate.
- (6) Any question arising as to the operation of subsection (5) above shall be determined by the Special Commissioners who shall determine the question in the same manner as they determine appeals; but both the transferor and transferee shall be entitled to appear and be heard or to make representations in writing.
- (7) Subject to subsection (8) below, this section shall not apply unless the transfer is effected for bona fide commercial reasons and does not form part of a scheme or arrangements of which the main purpose, or one of the main purposes, is avoidance of liability to corporation tax.
- (8) Subsection (7) above shall not affect the operation of this section in any case where, before the transfer, the Board have, on the application of the transferee, notified the transferee that the Board are satisfied that the transfer will be effected for bona fide commercial reasons and will not form part of any scheme or arrangements such as are mentioned in that subsection; and subsections (2) to (5) of section 138 of the 1992 Act shall have effect in relation to this subsection as they have effect in relation to subsection (1) of that section.
### Classes of life assurance business
##### 431B
- (1) In this Chapter “*pension business*” means so much of a company’s life assurance business as is referable to contracts of the following descriptions or to the reinsurance of liabilities under such contracts.
- (2) The descriptions of contracts are—
- (a) any contract with an individual who is, or would but for an insufficiency of profits or gains be, chargeable to income tax in respect of relevant earnings (as defined in section 623(1) and (2)) from a trade, profession, vocation, office or employment carried on or held by him, being a contract approved by the Board under section 620 or a substituted contract within the meaning of section 622(3);
- (b) any contract (including a contract of insurance) entered into for the purposes of, and made with the persons having the management of, an exempt approved scheme as defined in Chapter I of Part XIV, being a contract so framed that the liabilities undertaken by the insurance company under the contract correspond with liabilities against which the contract is intended to secure the scheme;
- (c) any contract made under approved personal pension arrangements within the meaning of Chapter IV of Part XIV;
- (d) any annuity contract entered into for the purposes of—
- (i) a scheme which is approved or is being considered for approval under Chapter I of Part XIV;
- (ii) a scheme which is a relevant statutory scheme for the purposes of Chapter I of Part XIV; or
- (iii) a fund to which section 608 applies,
being a contract which is made with the persons having the management of the scheme or fund, or those persons and a member of or contributor to the scheme or fund, and by means of which relevant benefits (see subsections (3) and (4) below), and no other benefits, are secured;
- (e) any annuity contract which is entered into in substitution for a contract within paragraph (d) above or this paragraph and by means of which relevant benefits (see subsections (3) and (4) below), and no other benefits, are secured;
- (ea) any contract which is entered into, for purposes connected with giving effect to any pension sharing order or provision made in relation to a contract falling within paragraph (d) or (e) above or this paragraph and by means of which relevant benefits (see subsections (3) and (4) below), and no other benefits, are secured;
- (f) any contract with the trustees or other persons having the management of a scheme approved under section 620 or, subject to subsection (5) below, of a superannuation fund which was approved under section 208 of the 1970 Act, being a contract which—
- (i) was entered into for the purposes only of that scheme or fund or, in the case of a fund part only of which was approved under section 208, for the purposes only of that part of that fund, and
- (ii) (in the case of a contract entered into or varied after 1st August 1956) is so framed that the liabilities undertaken by the insurance company under the contract correspond with liabilities against which the contract is intended to secure the scheme or fund (or the relevant part of the fund).
- (2A) For the purposes of subsection (2)(d) above the members of and contributors to a scheme or fund shall be deemed to include any person who by virtue of any pension sharing order or provision (within the meaning of Part XIV) has become entitled to any credit as against the persons having the management of the scheme or fund.
- (3) For the purposes of subsection (2)(d) to (ea) above “*relevant benefits*” means relevant benefits as defined by section 612(1) which correspond—
- (a) where subsection (2)(d)(i) above applies, or subsection (2)(e) or (ea) above applies and the contract within subsection (2)(d) was entered into for the purposes of a scheme falling within subsection (2)(d)(i), with benefits that could be provided by a scheme approved under Chapter I of Part XIV;
- (b) where subsection (2)(d)(ii) above applies, or subsection (2)(e) or (ea) above applies and the contract within subsection (2)(d) was entered into for the purposes of a scheme falling within subsection (2)(d)(ii), with benefits that could be provided by a scheme which is a relevant statutory scheme for the purposes of Chapter I of Part XIV;
- (c) where subsection (2)(d)(iii) above applies, or subsection (2)(e) or (ea) above applies and the contract within subsection (2)(d) was entered into for the purposes of a fund falling within subsection (2)(d)(iii), with benefits that could be provided by a fund to which section 608 applies.
- (4) For the purposes of subsection (3)(a), (b) or (c) above a hypothetical scheme or fund (rather than any particular scheme or fund), and benefits provided by a scheme or fund directly (rather than by means of an annuity contract), shall be taken.
- (5) Subsection (2)(f) above shall not apply to a contract where the fund in question was approved under section 208 of the 1970 Act unless—
- (a) immediately before 6th April 1980 premiums paid under the contract with the trustees or other persons having the management of the fund fell within section 323(4) of that Act (premiums referable to pension business); and
- (b) the terms on which benefits are payable from the fund have not been altered since that time; and
- (c) section 608 applies to the fund.
- (6) In subsection (5) above “*premium*” includes any consideration for an annuity.
##### 431BA
- (1) In this Chapter “*child trust fund business*” means so much of a company's life assurance business as is referable to child trust fund policies (but not including the reinsurance of such business).
- (2) In this section “*child trust fund policy*” means a policy of life insurance which is an investment under a child trust fund (within the meaning of the Child Trust Funds Act 2004).
##### 431BB
- (1) In this Chapter “*individual savings account business*” means so much of a company's life assurance business as is referable to individual savings account policies (but not including the reinsurance of such business).
- (2) In this section “*individual savings account policy*” means a policy of life insurance which is an investment of a kind specified in regulations made by virtue of section 695(1) of ITTOIA 2005.
##### 431C
- (1) In this Chapter “*life reinsurance business*” means reinsurance of life assurance business other than pension business or business of any description excluded from this section by regulations made by the Board.
- (2) Regulations under subsection (1) above may describe the excluded business by reference to any circumstances appearing to the Board to be relevant.
##### 431D
- (1) In this Chapter “*overseas life assurance business*” means life assurance business, other than pension business , life reinsurance business or business of any description excluded from this section by regulations made by the Board, which—
- (a) in the case of life assurance business other than reinsurance business, is business with a policy holder or annuitant not residing in the United Kingdom, and
- (b) in the case of reinsurance business, is—
- (i) reinsurance of life assurance business with a policy holder or annuitant not residing in the United Kingdom, or
- (ii) reinsurance of business within sub-paragraph (i) above or this sub-paragraph.
- (2) Regulations under subsection (1) above may describe the excluded business by reference to any circumstances appearing to the Board to be relevant.
- (3) The Board may by regulations—
- (a) make provision as to the circumstances in which a trustee who is a policy holder or annuitant residing in the United Kingdom is to be treated for the purposes of this section as not so residing; and
- (b) provide that nothing in Chapter II of Part XIII or Chapter 9 of Part 4 of ITTOIA 2005 shall apply to a policy or contract which constitutes overseas life assurance business by virtue of any such provision as is mentioned in paragraph (a) above.
- (4) Regulations under subsection (1) or (3) above may contain such supplementary, incidental, consequential or transitional provision as appears to the Board to be appropriate.
##### 431E
- (1) The Board may by regulations make provision for giving effect to section 431D.
- (2) Such regulations may, in particular—
- (a) provide that, in such circumstances as may be prescribed, any prescribed issue as to whether business is or is not overseas life assurance business (or overseas life assurance business of a particular kind) shall be determined by reference to such matters (including the giving of certificates or undertakings, the giving or possession of information or the making of declarations) as may be prescribed,
- (b) require companies to obtain certificates, undertakings, information or declarations from policy holders or annuitants, or from trustees or other companies, for the purposes of the regulations,
- (c) make provision for dealing with cases where any issue such as is mentioned in paragraph (a) above is (for any reason) wrongly determined, including provision allowing for the imposition of charges to tax (with or without limits on time) on the insurance company concerned or on the policy holders or annuitants concerned,
- (d) require companies to supply information and make available books, documents and other records for inspection on behalf of the Board, and
- (e) make provision (including provision imposing penalties) for contravention of, or non-compliance with, the regulations.
- (3) The regulations may—
- (a) make different provision for different cases, and
- (b) contain such supplementary, incidental, consequential or transitional provision as appears to the Board to be appropriate.
##### 431EA
In this Chapter “*gross roll-up business*” means business of any of the following kinds—
- (a) pension business;
- (b) child trust fund business;
- (c) individual savings account business;
- (d) life reinsurance business; and
- (e) overseas life assurance business.
##### 431F
In this Chapter “*basic life assurance and general annuity business*” means life assurance business (including reinsurance business) other than pension business, life reinsurance business or overseas life assurance business.
### Separation of different categories of business
##### 431G
- (1) This section applies in relation to an insurance company which carries on life assurance business (whether or not it also carries on insurance business of any other kind).
- (2) Subject as follows, the profits of the life assurance business for any accounting period shall be charged to tax under the I minus E basis.
- (3) Where in the case of an insurance company for an accounting period either—
- (a) all of its life assurance business is reinsurance business and none of that business is of a type excluded from this subsection by regulations made by the Board, or
- (b) all, or substantially all, of its life assurance business is gross roll-up business,
the profits of that business for the accounting period shall be charged to tax in accordance with Case I of Schedule D and not otherwise.
- (4) Where—
- (a) the profits of the life assurance business of an insurance company for any accounting period are charged to tax under the I minus E basis, and
- (b) had those profits been charged to tax in accordance with Case I of Schedule D, a loss would have arisen to the company from that business for the period,
the loss (after being reduced in accordance with section 434A(2)(a)) may be set-off under section 393A or section 403(1).
- (5) The application, in relation to the life assurance business of an insurance company, of any provision of Case I of Schedule D is not to be taken—
- (a) to prevent the application of the I minus E basis in relation to that business of the company for any accounting period, or
- (b) to affect the operation of the I minus E basis in relation to the that business of the company for any accounting period except as specifically provided by the Corporation Tax Acts.
##### 431H
- (1) This section applies in relation to an insurance company which carries on life assurance business and insurance business of any other kind.
- (2) For the purposes of the Corporation Tax Acts—
- (a) the life assurance business, and
- (b) the other insurance business,
are to be treated as separate businesses.
- (3) The profits of the other insurance business shall be charged to tax under Case I of Schedule D as the profits of a separate trade.
- (4) But subsection (3) above does not apply where that business is mutual business.
- (5) As to the profits of the life assurance business, see section 431G.
##### 432YA
- (1) This section applies in the case of—
- (a) a company which is a non-profit company, or
- (b) the non-profit fund of a company which is not a non-profit company,
if an amount (other than nil) is shown in paragraph 4(12) of Appendix 9.4 to the periodical return for the company for the first period of account which ends on or after 31st December 2006.
- (2) In computing profits of long-term business which is not life assurance business in accordance with the provisions applicable to Case I of Schedule D an amount (“*the relevant amount*”) shall be added—
- (a) to the closing long term business provision of the company for the first period of account which ends on or after 31st December 2006, and
- (b) to the opening long term business provision of the company for the next period of account.
- (3) The relevant amount is, subject to subsection (4), the amount by which B exceeds A. Here—
- A is the company's long term business provision in respect of business which is not life assurance business for the first period of account which ends on or after 31st December 2006, calculated after taking into account the company's ability to—make provision for non-attributable expenses by reference to a homogeneous risk group instead of by reference to individual policies or contracts;make provision for the voluntary discontinuance of policies or contracts using a prudent lapse rate assumption; andset negative liabilities against positive liabilities (subject to overall liabilities not being less than nil);in accordance with the Insurance Prudential Sourcebook; and
- B is the company's long term business provision for that period of account in respect of business which is not life assurance business, calculated without taking into account the matters referred to in paragraphs (a) to (c) of the definition of A.
- (4) In a case falling within subsection (1)(b)—
- (a) the relevant amount shall be reduced (but not below nil) by so much (if any) of the amount shown in paragraph 4(12) of Appendix 9.4 to the periodical return as is reflected in column 1 of line 51 of the Form 14 for that period of account relating to the non-profit fund in question; and
- (b) the references in subsection (3) to long term business provision and to liabilities are respectively to long term business provision and to liabilities relating to the non-profit fund in question.
- (5) In this section—
- “*long term business provision*” has the same meaning as in Schedule 9A to the Companies Act 1985;
- “*non-profit company*” has the meaning given in section 83YA(8) of the Finance Act 1989; and
- “*non-profit fund*” has the same meaning as in the Insurance Prudential Sourcebook.
##### 432ZA
- (1) In this Chapter “*linked assets*” means assets of an insurance company which are identified in its records as assets by reference to the value of which benefits provided for under a policy or contract are to be determined and in a case where only part of an asset is so identified, references to a linked asset are references to that part.
- (2) Linked assets shall be taken—
- (a) to be linked to long-term business of a particular category if the policies or contracts providing for the benefits concerned are policies or contracts the effecting of which constitutes the carrying on of business of that category; and
- (b) to be linked solely to long-term business of a particular category if all (or all but an insignificant proportion) of the policies or contracts providing for the benefits concerned are policies or contracts the effecting of which constitutes the carrying on of business of that category.
- (3) Where an asset is linked to more than one category of long-term business, a part of the asset shall be taken to be linked to each category; and references in this Chapter to assets linked (but not solely linked) to any category of business shall be construed accordingly.
- (4) Where subsection (3) above applies, the part of the asset linked to any category of business shall be a proportion determined as follows—
- (a) where in the records of the company values are shown for the asset in funds referable to particular categories of business, the proportion shall be determined by reference to those values;
- (b) in any other case the proportion shall be equal to the proportion A/B where—
A is the total of the linked liabilities of the company which are liabilities of the internal linked fund in which the asset is held and are referable to that category of business;
B is the total of the linked liabilities of the company which are liabilities of that fund.
- (5) For the purposes of sections 432A to 432F—
- (a) income arising in any period from assets linked but not solely linked to a category of business,
- (b) gains arising in any period from the disposal of such assets, and
- (c) increases and decreases in the value of such assets,
shall be treated as arising to that category of business in the proportion which is the mean of the proportions determined under subsection (4) above at the beginning and end of the period.
- (6) In this section—
- “*internal linked fund*”, in relation to an insurance company, means an account—to which linked assets are appropriated by the company; andwhich may be divided into units the value of which is determined by the company by reference to the value of those assets;
- “*linked liabilities*” means liabilities in respect of benefits to be determined by reference to the value of linked assets.
- (7) In the case of a policy or contract the effecting of which constitutes a class of life assurance business the fact that it also constitutes long-term business other than life assurance business shall be disregarded for the purposes of this section unless the benefits to be provided which constitute long-term business other than life assurance business are to be determined by reference to the value of assets.
##### 432AA
- (1) An insurance company is treated as carrying on separate Schedule A businesses, or overseas property businesses, in accordance with the following rules.
- (2) The exploitation of land held as an asset of the company’s long-term insurance fund is treated as a separate business from the exploitation of land not so held.
- (3) The exploitation of land held as an asset of the company’s overseas life assurance fund is treated as a separate business from the exploitation of other land held as an asset of its long-term insurance fund.
- (4) The exploitation of land held as an asset linked to any of the following categories of business is regarded as a separate business—
- (a) pension business;
- (b) life reinsurance business;
- (c) basic life assurance and general annuity business;
- (d) long-term business other than life assurance business.
- (5) Accordingly, the exploitation of land held as an asset of the company’s long-term insurance fund otherwise than as mentioned in subsection (3) or (4) is treated as a separate business from any other.
- (6) In this section “*land*” means any estate, interest or rights in or over land.
##### 432AB
- (1) This section applies to any loss arising in a Schedule A business or overseas property business.
- (2) A loss arising from any category of business mentioned in section 432A(2) shall be apportioned under that section in the same way as income.
- (3) So far as a loss is referable to basic life assurance and general annuity business, it shall be treated for the purposes of section 76 as expenses payable which fall to be brought into account at Step 3 in subsection (7) of that section.
- (4) Where a company is treated under section 432AA as carrying on—
- (a) more than one Schedule A business, or
- (b) more than one overseas property business,
then, in relation to either kind of business, the reference in subsection (3) above to a loss referable to basic life assurance and general annuity business shall be construed as a reference to any aggregate net loss after setting the losses from those businesses which are so referable against any profits from those businesses that are so referable.
- (5) The provisions of section 392A or 392B (loss relief) do not apply to a loss referable to life assurance business or any category of life assurance business.
- (6) Where a company is treated under section 432AA as carrying on—
- (a) more than one Schedule A business, or
- (b) more than one overseas property business,
and, in relation to either kind of business, there are losses and profits referable to business which is not life assurance business, those losses shall be set against those profits before being used under section 392A or 392B.
##### 432CA
- (1) This section applies where—
- (a) an insurance company is not a non-profit company in relation to a period of account (“the current period of account”),
- (b) in the case of any business with which an account of the company for the current period of account is concerned (“the relevant business”), an amount is a relevant brought into account amount for that period of account (see subsection (2)),
- (c) section 432C applies for determining the extent to which the relevant brought into account amount is referable to life assurance business or to gross roll-up business, and
- (d) the line 51 reduction condition is met (see subsection (3)).
- (2) An amount is a relevant brought into account amount for a period of account if—
- (a) it is brought into account as mentioned in subsection (2)(b) of section 83 of the Finance Act 1989 (increases in value of non-linked assets) for that period,
- (b) it is deemed to be brought into account for that period by subsection (2B) of that section in consequence of the transfer of non-linked assets, or
- (c) it is taken into account under subsection (2) of that section for that period by virtue of section 444AB as being the relevant amount in relation to non-linked assets.
- (3) The line 51 reduction condition is met if—
- (a) the amount shown in column 1 of line 51 of Form 14 of the company's periodical return in respect of the relevant business for the current period of account, is less than
- (b) the amount so shown for the period of account immediately before it;
and the amount of the difference is “the relevant reduction”.
- (4) Section 432C applies in relation to so much of the relevant brought into account amount as does not exceed the relevant reduction (“the affected amount”) as if it were brought into account as an increase in the value of assets in the case of the relevant business for the applicable appropriate period of account of the company.
- (5) A period of account is an “appropriate period of account” if it ended before the current period of account and—
- (a) the amount shown in column 1 of line 51 of Form 14 of the company's periodical return in respect of the relevant business for it, was more than
- (b) the amount so shown for the period of account immediately before it;
and the amount of the difference is “the relevant increase.”
- (6) The “applicable” appropriate period of account is the one which ended most recently (“the most recent appropriate period of account”).
- (7) But if the relevant increase in the case of the most recent appropriate period of account is less than the affected amount, the most recent appropriate period of account is the applicable appropriate period of account in relation to only so much of the affected amount as does not exceed that relevant increase.
- (8) In that case, the appropriate period of account which ended most recently before the most recent appropriate period of account is the applicable appropriate period of account in relation to so much of the remainder as does not exceed the relevant increase in the case of that appropriate period of account (and, where necessary, so on until the applicable appropriate period of account is established in relation to all of the affected amount or there are no more appropriate periods of account).
- (9) If the current period of account is not the first in relation to which this section has applied in the case of the business concerned, the amount of the relevant increase in the case of any appropriate period of account (“*the period in question*”) is to be treated as reduced by the relevant aggregate.
- (10) The “relevant aggregate” is the aggregate of so much of the affected amount for any period or periods of account earlier than the current period of account as was an amount to which section 432C applied as if it were brought into account as mentioned in subsection (4) for the period in question.
- (11) For the purposes of this section an insurance company which has elected under section 83YA(9) of the Finance Act 1989 (changes in value of assets brought into account: non-profit companies) to be treated as a non-profit company in relation to a period of account is to be regarded as a non-profit company in relation to the period of account.
##### 432CB
- (1) This section applies where, under an insurance business transfer scheme, there is a transfer of long-term business—
- (a) from a non-profit fund of an insurance company (“*the transferor*”) which is not a non-profit company in relation to the relevant period of account,
- (b) to another insurance company (“*the transferee*”) to constitute or form part of a non-profit fund of the transferee (“*the transferee's non-profit fund*”),
(“*the transfer*”) and conditions A and B are met.
- (2) Condition A is that the fair value of the assets transferred by the transfer exceeds by an amount (“the chargeable excess”) the amount of the relevant liabilities transferred by the transfer.
For this purpose “relevant” liabilities are liabilities of a type shown (or treated as shown) in any of lines 14, 17, 21 to 23 and 31 to 38 of Form 14 of a periodical return of an insurance company.
- (3) Condition B is that the main purpose, or one of the main purposes, of the transferor or the transferee (or both) in entering into any part of the transfer scheme arrangements is to secure a reduction in tax as a result of section 432C having effect in the case of the transferee, rather than the transferor, in relation to the business transferred by the transfer.
- (4) The chargeable excess is to be brought into account by the transferor as mentioned in section 83(2)(b) of the Finance Act 1989 for the relevant period of account.
- (5) Where there is no amount shown in relation to the transferee's non-profit fund in column 1 of line 51 of Form 14 of the periodical return of the transferee for the first period of account of the transferee ending on or after the transfer date (“the first post-transfer period of account”), the chargeable excess is to be brought into account by the transferee as mentioned in section 83(2) of the Finance Act 1989 as a decrease in the value of non-linked assets for the first post-transfer period of account.
- (6) Where—
- (a) there is an amount shown in relation to the transferee's non-profit fund in column 1 of line 51 of Form 14 of the periodical return of the transferee for the first post-transfer period of account, and
- (b) the amount so shown in column 1 of line 51 of Form 14 of the periodical return of the transferee for that period of account, or for any other period of account of the transferee ending after the transfer date, (an “affected period of account”) is less than the total chargeable excess amount,
the relevant amount is to be brought into account by the transferee as mentioned in section 83(2) of the Finance Act 1989 as a decrease in the value of non-linked assets for the affected period of account.
- (7) For this purpose “the relevant amount” is the amount by which—
- (a) the amount shown in relation to the transferee's non-profit fund in column 1 of line 51 of Form 14 of the periodical return of the transferee for the affected period of account, is less than
- (b) the total chargeable excess amount less any amount brought into account by the transferee as mentioned in section 83(2) of the Finance Act 1989 as a decrease in the value of non-linked assets for any earlier period of account by virtue of the operation of this section in relation to the transferee's non-profit fund.
- (8) In subsections (6) and (7) “*the total chargeable excess amount*” means the aggregate of—
- (a) the chargeable excess, and
- (b) any amount which is the chargeable excess in relation to any other transfer of business to the transferee's non-profit fund.
- (9) In this section “*the relevant period of account*” means—
- (a) the period of account of the transferor ending immediately before the transfer date, or
- (b) if no period of account of the transferor so ends, the period of account of the transferor covering the transfer date.
- (10) In this section “*the transfer scheme arrangements*” means the insurance business transfer scheme and any relevant associated operations; and for this purpose “*relevant associated operations*” means—
- (a) any other insurance business transfer scheme,
- (b) any contract of reinsurance, or
- (c) any reconstruction or amalgamation involving the transferor, a dependant of the transferor which is an insurance undertaking or the transferee,
which is effected in connection with the insurance business transfer scheme.
- (11) In subsection (10)—
- “dependant”, and
- “insurance undertaking”,
have the same meaning as in the Insurance Prudential Sourcebook.
- (12) In this section “*the transfer date*” means the date on which the insurance business transfer scheme takes effect.
- (13) For the purposes of this section an insurance company which has elected under section 83YA(9) of the Finance Act 1989 (changes in value of assets brought into account: non-profit companies) to be treated as a non-profit company in relation to a period of account is to be regarded as a non-profit company in relation to the period of account.
#### Relief for necessary expenses.
##### 432F
- (1) The provisions of this section provide for the reduction of the amount determined in accordance with section 432E(3) (“the subsection (3) figure”) for an accounting period in which that amount exceeds, or would otherwise exceed, the amount determined in accordance with section 432E(2) (“the subsection (2) figure”).
- (2) For each category of business in relation to which section 432E falls to be applied there shall be determined for each accounting period the amount (if any) by which the subsection (2) figure, after making any reduction required by section 432E(5), exceeds the subsection (3) figure (“the subsection (2) excess”).
- (3) Where there is a subsection (2) excess, the amount shall be carried forward and if in any subsequent accounting period the subsection (3) figure exceeds, or would otherwise exceed, the subsection (2) figure, it shall be reduced by the amount or cumulative amount of subsection (2) excesses so far as not previously used under this subsection.
- (4) Where in an accounting period that amount is greater than is required to bring the subsection (3) figure down to the subsection (2) figure, the balance shall be carried forward and aggregated with any subsequent subsection (2) excess for use in subsequent accounting periods.
##### 432G
- (1) This section applies where an amount falls within section 83(2)(e) of the Finance Act 1989.
- (2) Where—
- (a) this section applies, and
- (b) it is necessary in accordance with section 83 to determine what part of a business transfer-in is referable to life assurance business or any category of life assurance business,
a business transfer-in shall be apportioned to the categories of business of the transferee in the proportions which the amount of the liabilities transferred for each of those categories bear to the whole of the liabilities transferred.
### Miscellaneous provisions relating to life assurance business
##### 434AZA
- (1) Where this section applies in the case of a company carrying on life assurance business, relief allowable under section 393A or Chapter 4 of Part 10 in respect of losses incurred by the company in the life assurance business in an accounting period is reduced in accordance with section 434AZB.
- (2) This section applies in the case of a company where—
- (a) there has been a relevant addition to one or more non-profit funds in a period of account ending no later than the accounting period (“the relevant period of account”) (see subsection (3)),
- (b) the company is not a non-profit company in relation to the relevant period of account and has not elected under subsection (9) of section 83YA of the Finance Act 1989 to be treated for the purposes of that section as if it were, and
- (c) condition A or B is met,
and, if the relevant period of account is not the period of account ending with the accounting period (“the current period of account”), condition C is also met.
- (3) For the purposes of subsection (2), there is a relevant addition to a non-profit fund in the relevant period of account if an amount is shown as a transfer from non-technical account in line 32 of the Form 58 of the non-profit fund in the periodical return for that period of account.
- (4) Condition A is that there is a relevant book value election in relation to assets of a non-profit fund of the company.
- (5) For the purposes of subsection (4), there is a relevant book value election in relation to assets of a non-profit fund if an amount is shown in relation to the non-profit fund as the excess of the value of net admissible assets in line 51 of the Form 14 of the non-profit fund in the periodical return for the current period of account.
- (6) Condition B is that the company is party to arrangements the main purpose, or one of the main purposes, of which is to reduce the relevant admissible value of assets of a non-profit fund of the company, other than any structural assets.
- (7) For the purposes of subsection (6) (and section 434AZB), the “*relevant admissible value*” means the value reflected in line 89 of Form 13 of the periodical return for the current period of account.
- (8) Condition C is that the surplus arising since the last valuation shown in line 34 of the Form 58 of the non-profit fund, or any of the non-profit funds, in relation to which condition A or B is met in the periodical return for the current period of account is a negative amount.
#### Application of lower rate to company distributions.
##### 434AZB
- (1) The amount of the relief allowable as mentioned in section 434AZA(1) is reduced by whichever of the following is the least—
- (a) the amount of the loss,
- (b) the amount specified in subsection (2), and
- (c) the amount specified in subsection (4).
- (2) The amount mentioned in subsection (1)(b) is—
- (a) where only condition A in section 434AZA is met, the relevant amount relating to the non-profit fund in relation to which it is met or (where it is met in relation to more than one non-profit fund) the sum of the relevant amounts relating to them,
- (b) where only condition B is met, the amount of the relevant reduction relating to the non-profit fund in relation to which it is met or (where it is met in relation to more than one non-profit fund) the sum of the relevant reductions relating to them, and
- (c) where both condition A and condition B are met, the aggregate of the amounts in paragraphs (a) and (b).
- (3) In subsection (2)—
- (a) “*relevant amount*”, in relation to a non-profit fund, means the amount shown in relation to the non-profit fund as the excess of the value of net admissible assets in line 51 of the Form 14 of the non-profit fund in the periodical return for the current period of account (as reduced by any amount which has had effect to reduce relief for losses for a previous accounting period), and
- (b) “*relevant reduction*”, in relation to a non-profit fund, means the reduction of the relevant admissible value of assets of the non-profit fund (other than structural assets) which is attributable to the arrangements (as so reduced).
- (4) The amount mentioned in subsection (1)(c) is—
- (a) if the relevant period of account is the current period of account, the amount referred to in section 434AZA(3) in the case of the non-profit fund, or of each of the non-profit funds, to which there has been a relevant addition in the relevant period of account, and
- (b) otherwise, so much of the amount shown in line 31 of the Form 58 of the non-profit fund or non-profit funds in the periodical return for the current period of account as is attributable to the amount so referred to.
##### 434AZC
- (1) For the purposes of sections 434AZA and 434AZB, a non-profit fund required to support a with-profits fund is to be treated as not being a non-profit fund.
- (2) Sections 434AZA and 434AZB apply to a non-profit part of a with-profits fund as if references to something shown in the Form 14 or Form 58 of the non-profit fund in a periodical return were to what would be so shown if there were a Form 14 or Form 58 of the non-profit part of the with-profits fund in the periodical return.
- (3) In sections 434AZA and 434AZB—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable), and
- “*structural assets*” has the same meaning as in section 83XA of the Finance Act 1989 (see subsection (3) of that section and any regulations made under it).
##### 434B
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 434C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 434D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 434E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 436A
- (1) Profits arising to an insurance company from gross roll-up business—
- (a) are to be treated as income within Schedule D, and
- (b) are chargeable under Case VI of that Schedule.
- (2) For that purpose—
- (a) the gross roll-up business is to be treated separately, and
- (b) the profits from it are to be computed in accordance with the provisions of this Act applicable to Case I of Schedule D.
- (3) In making that computation, sections 82 and 82B to 83AB 83ZA of the Finance Act 1989 apply with the necessary modifications.
- (4) If in any accounting period an insurance company incurs a loss, to be computed on the same basis as the profits, arising from its gross roll-up business—
- (a) the loss must be set off against the amount of any profits chargeable under this section for any subsequent accounting period, and
- (b) accordingly, the amount of the company's profits so charged in any such accounting period is to be treated as reduced by the amount of the loss or so much of that amount as cannot be relieved under this section against profits of an earlier accounting period.
- (5) Section 396 does not apply to a loss incurred by an insurance company on its gross roll-up business.
- (6) No loss to which section 396 applies may be set off under subsection (4) above against the amount of any profits chargeable under this section.
- (7) This section does not apply in relation to an insurance company for an accounting period if the profits of its long-term business for the accounting period are charged to tax under Case I of Schedule D.
##### 436B
- (1) Gains referable to gross roll-up business are not chargeable gains.
- (2) For the purposes of this section “*gains referable to gross roll-up business*” means gains which—
- (a) accrue to an insurance company on the disposal by it of assets of its long-term insurance fund, and
- (b) are referable (in accordance with section 432A) to gross roll-up business.
##### 437A
- (1) For the purposes of section 437 an annuity is a steep-reduction annuity if—
- (a) the amount of any payment in respect of the annuity (but not the term of the annuity) depends on any contingency other than the duration of a human life or lives;
- (b) the annuitant is entitled in respect of the annuity to payments of different amounts at different times; and
- (c) those payments include a payment (“*a reduced payment*”) of an amount which is substantially smaller than the amount of at least one of the earlier payments in respect of that annuity to which the annuitant is entitled.
- (2) Where there are different intervals between payments to which an annuitant is entitled in respect of any annuity, the question whether or not the conditions in subsection (1)(b) and (c) above are satisfied in the case of that annuity shall be determined by assuming—
- (a) that the annuitant’s entitlement, after the first payment, to payments in respect of that annuity is an entitlement to payments at yearly intervals on the anniversary of the first payment; and
- (b) that the amount to which the annuitant is assumed to be entitled on each such anniversary is equal to the annuitant’s assumed entitlement for the year ending with that anniversary.
- (3) For the purposes of subsection (2) above an annuitant’s assumed entitlement for any year shall be determined as follows—
- (a) the annuitant’s entitlement to each payment in respect of the annuity shall be taken to accrue at a constant rate during the interval between the previous payment and that payment; and
- (b) his assumed entitlement for any year shall be taken to be equal to the aggregate of the amounts which, in accordance with paragraph (a) above, are treated as accruing in that year.
- (4) In the case of an annuity to which subsection (2) above applies, the reference in section 437(1CB)(a) to the making of a reduced payment shall be construed as if it were a reference to the making of a payment in respect of that annuity which (applying subsection (3)(a) above) is taken to accrue at a rate that is substantially less than the rate at which at least one of the earlier payments in respect of that annuity is taken to accrue.
- (5) Where—
- (a) any question arises for the purposes of this section whether the amount of any payment in respect of any annuity—
- (i) is substantially smaller than the amount of, or
- (ii) accrues at a rate substantially less than,
an earlier payment in respect of that annuity, and
- (b) the annuitant or, as the case may be, every annuitant is an individual who is beneficially entitled to all the rights conferred on him as such an annuitant,
that question shall be determined without regard to so much of the difference between the amounts or rates as is referable to a reduction falling to be made as a result of the occurrence of a death.
- (6) Where the amount of any one or more of the payments to which an annuitant is entitled in respect of an annuity depends on any contingency, his entitlement to payments in respect of that annuity shall be determined for the purposes of section 437(1CA) to (1CC) and this section according to whatever (applying any relevant actuarial principles) is the most likely outcome in relation to that contingency.
- (7) Where any agreement or arrangement has effect for varying the rights of an annuitant in relation to a payment in respect of any annuity, that payment shall be taken, for the purposes of section 437(1CA) to (1CC) and this section, to be a payment of the amount to which the annuitant is entitled in accordance with that agreement or arrangement.
- (8) References in this section to a contingency include references to a contingency that consists wholly or partly in the exercise by any person of any option.
##### 438B
- (1) Where an asset held by an insurance company as an asset of its long-term insurance fund is held by the company as a member of a property investment LLP, the policy holders’ share of any income arising from, or chargeable gains accruing on the disposal of, the asset which—
- (a) is attributable to the company, and
- (b) would otherwise be referable by virtue of section 432A to pension business,
shall be treated for the purposes of the Corporation Tax Acts as referable to basic life assurance and general annuity business.
- (2) For the purposes of this section the property business of the insurance company for the purposes of which the asset is held shall be treated as a separate business.
- (3) Where (apart from this subsection) an insurance company would not be carrying on basic life assurance and general annuity business, it shall be treated as carrying on such business if any income or chargeable gains of the company are treated as referable to the business by virtue of subsection (1) above.
- (4) A company may be charged to tax by virtue of this section—
- (a) notwithstanding section 439A, and
- (b) whether or not the income or chargeable gains to which subsection (1) above applies is taken into account in computing the profits of the company for the purposes of any charge to tax in accordance with Case I of Schedule D.
- (5) The policy holders’ share of income or chargeable gains to which subsection (1) above applies—
- (a) shall not be treated as relevant profits for the purposes of section 88 of the Finance Act 1989 (corporation tax on policy holders’ fraction of profits), . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
but the whole of the income or gains to which that subsection applies shall be chargeable to tax at the rate provided by that section.
- (6) So far as income is brought into account as mentioned in section 83(2) of the Finance Act 1989, sections 432B to 432F (apportionment of receipts brought into account) have effect as if subsection (1) above did not apply.
##### 438C
- (1) For the purposes of section 438B the policy holders’ share of any income or chargeable gains to which subsection (1) of that section applies is what remains after deducting the shareholders’ share.
- (2) The shareholders’ share is found by applying to the whole the fraction—
$$AB$where—A is the amount of the profits of the company for the period which are chargeable to tax under section 436; andB is an amount equal to the excess of—(a) the amount taken into account as receipts of the company in computing those profits (apart from premiums and sums received by virtue of a claim under a reinsurance contract), over(b) the amounts taken into account as expenses in computing those profits.$
- (3) Where there is no such excess as is mentioned in subsection (2) above, or where the profits are greater than any excess, the whole of the income or gains is treated as the shareholders’ share.
- (4) Subject to that, where there are no profits none of the income or gains is treated as the shareholders’ share.
##### 439A
If a company does not carry on life assurance business other than reinsurance business, and none of that business is of a type excluded from this section by regulations made by the Board, the profits of that business shall be charged to tax in accordance with Case I of Schedule D and not otherwise.
##### 439B
- (1) Where a company carries on life reinsurance business and the profits arising from that business are not charged to tax in accordance with the provisions applicable to Case I of Schedule D, then, subject as follows, those profits shall be treated as income within Schedule D and be chargeable to tax under Case VI of that Schedule, and for that purpose—
- (a) that business shall be treated separately, and
- (b) subject to paragraph (a) above, the profits from it shall be computed in accordance with the provisions of this Act applicable to Case I of Schedule D.
- (2) Subsection (1) above does not apply to so much of reinsurance business of any description excluded from that subsection by regulations made by the Board.
- (3) In making the computation referred to in subsection (1) above—
- (a) sections 82 and 82B to 83AB of the Finance Act 1989 shall apply with the necessary modifications . . . , and
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) there may be set off against the profits any loss, to be computed on the same basis as the profits, which has arisen from life reinsurance business in any previous accounting period beginning on or after 1st January 1995.
- (4) Section 396 shall not be taken to apply to a loss incurred by a company on life reinsurance business.
- (5) Nothing in section 128 or 399(1) shall affect the operation of this section.
- (6) Gains accruing to a company which are referable (in accordance with section 432A) to its life reinsurance business shall not be chargeable gains.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 440B
- (1) The following provisions apply where the profits of a company’s life assurance business are charged to tax in accordance with Case I of Schedule D.
- (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Section 440(1) and (2) apply as if the only categories set out in subsection (4) of that section were—
- (a) assets of the long-term insurance fund, and
- (b) other assets.
- (4) Section 440A applies as if for paragraphs (a) to (e) of subsection (2) there were substituted—
- (”) so many of the securities as are identified in the company’s records as securities by reference to the value of which there are to be determined benefits provided for under policies or contracts the effecting of all (or all but an insignificant proportion) of which constitutes the carrying on of long-term business, shall be treated for the purposes of corporation tax as a separate holding linked solely to that business, and
- (b) any remaining securities shall be treated for those purposes as a separate holding which is not of the description mentioned in the preceding paragraph.”.
- (5) Section 212(1) of the 1992 Act does not apply, but without prejudice to the bringing into account of any amounts deferred under section 213(1) or 214A(2) of that Act from any accounting period beginning before 1st January 1995.
##### 440C
- (1) Subsection (2) makes provision for a case where—
- (a) subsection (4) of section 431G applies in relation to the profits of the life assurance business of an insurance company for any accounting period, but
- (b) the profits of that business for a succeeding accounting period fall to be charged to tax in accordance with Case I of Schedule D by virtue of subsection (3) of that section.
- (2) The loss referred to in section 431G(4)(b) (less any loss for the same accounting period set off under section 436A for any intervening accounting period and any amount deducted for any such period in respect of the loss by virtue of section 85A(3)(b) of the Finance Act 1989) may be set off under section 393 against profits of that succeeding accounting period (without being reduced in accordance with section 434A(2)(a)).
- (3) In determining whether any loss has been set off under section 436A for any intervening accounting period, or whether any amount has been deducted for any such period in respect of the loss by virtue of section 85A(3)(b) of the Finance Act 1989, losses of earlier accounting periods are to be assumed to be set off before those of later accounting periods.
- (4) Subsection (5) makes provision for a case where—
- (a) a loss arises to an insurance company for an accounting period for which the profits of its life assurance business fall to be charged to tax in accordance with Case I of Schedule D by virtue of section 431G(3)(b),
- (b) the profits of that business for a subsequent accounting period are charged to tax under the I minus E basis, and
- (c) had those profits (instead) been charged to tax in accordance with Case I of Schedule D, any of that loss would have been available to be set off against them under section 393.
- (5) The loss is to be treated for the purposes of the operation of section 436A in relation to the subsequent accounting period as if it were a loss arising from its gross roll-up business in the accounting period in which it arose.
- (6) Subsections (7) and (8) make provision for a case where—
- (a) the profits of the life assurance business of an insurance company for an accounting period are charged to tax under the I minus E basis,
- (b) the profits of that business for its next accounting period fall to be charged to tax in accordance with Case I of Schedule D by virtue of section 431G(3), and
- (c) that prevents the giving of relief in accordance with section 86(8) of the Finance Act 1989 (acquisition expenses relieved in fractions under section 76).
- (7) Any relief which would have been so given in—
- (a) the next accounting period, or
- (b) any subsequent accounting period for which the profits of the company's life assurance business continue to be charged to tax in accordance with Case I of Schedule D,
may be given by set-off against any gains treated as accruing under section 213(1) of the 1992 Act at the end of the accounting period.
- (8) But if the profits of the company's life assurance business for a subsequent accounting period are charged to tax under the I minus E basis, any relief not previously given under subsection (7) is to be treated for the purposes of the operation of section 76 in relation to the first subsequent accounting period for which profits are so charged as if it were an amount which is to be relieved under that section by virtue of section 86(8) and (9) of the Finance Act 1989.
#### Application of lower rate to company distributions.
##### 440D
Schedule 19ABA (which makes modifications of this Act in relation to BLAGAB group reinsurers) shall have effect.
##### 441B
- (1) This section applies to land in the United Kingdom which—
- (a) is held by a company as an asset linked to the company’s overseas life assurance business, or
- (b) is held by a company which is charged to tax under Case I of Schedule D in respect of its life assurance business as an asset by reference to the value of which benefits under any policy or contract are to be determined, where the policy or contract (or, in the case of a reinsurance contract, the underlying policy or contract) is held by a person not residing in the United Kingdom.
- (2) Income arising from land to which this section applies shall be treated for the purposes of this Chapter as referable to basic life assurance and general annuity business.
- (2A) For the purposes of subsection (2) above a Schedule A business for the exploitation of any land to which this section applies shall be treated as a separate business from any other such business.
- (3) Where (apart from this subsection) an insurance company would not be carrying on basic life assurance and general annuity business it shall be treated as carrying on such business if any income of the company is treated as referable to such business by subsection (2) above.
- (4) A company may be charged to tax by virtue of this section—
- (a) notwithstanding section 439A, and
- (b) whether or not the income to which subsection (2) above relates is taken into account in computing the profits of the company for the purposes of any charge to tax in accordance with Case I of Schedule D.
- (5) In this section “*land*” has the same meaning as in Schedule 19AA.
##### 442A
- (1) Where an insurance company reinsures any risk in respect of a policy or contract attributable to its basic life assurance and general annuity business, the investment return on the policy or contract shall be treated as accruing to the company while the risk remains reinsured by the company under the reinsurance arrangement and shall be charged to tax under Case VI of Schedule D.
- (2) The Board may make provision by regulations as to the amount of investment return to be treated as accruing in each accounting period during which the reinsurance arrangement is in force.
- (3) The regulations may, in particular, provide that the investment return to be treated as accruing to the company in respect of a policy or contract in any accounting period shall be calculated by reference to—
- (a) the aggregate of the sums paid by the company to the reinsurer during that accounting period and any earlier accounting periods by way of premium or otherwise;
- (b) the aggregate of the sums paid by the reinsurer to the company during that accounting period and any earlier accounting periods by way of commission or otherwise;
- (c) the aggregate amount of the net investment return treated as accruing to the company in any earlier accounting periods, that is to say, net of tax at such rate as may be prescribed; and
- (d) such percentage rate of return as may be prescribed.
- (3A) Where a transfer of the reinsurance arrangement from one insurance company (“*the transferor*”) to another (“*the transferee*”) is effected by novation or an insurance business transfer scheme, for the purpose of calculating the investment return to be treated as accruing to the transferee in respect of the policy or contract after the transfer, the references to the company in subsection (3)(a), (b) and (c) above include (as well as the transferee)—
- (a) the transferor, and
- (b) any insurance company from which the reinsurance arrangement was transferred on an earlier transfer effected by novation or an insurance business transfer scheme.
- (4) The regulations shall provide that the amount of investment return to be treated as accruing . . . in respect of a policy or contract in the final accounting period during which the policy or contract is in force is the amount, ascertained in accordance with regulations, by which the profit over the whole period during which the policy or contract, and the reinsurance arrangement, were in force exceeds the aggregate of the amounts treated as accruing in earlier accounting periods.
- (5) Regulations under this section—
- (a) may exclude from the operation of this section such descriptions of insurance company, such descriptions of policies or contracts and such descriptions of reinsurance arrangements as may be prescribed;
- (b) may make such supplementary provision as to the ascertainment of the investment return to be treated as accruing to the company as appears to the Board to be appropriate, including provision requiring payments made during an accounting period to be treated as made on such date or dates as may be prescribed; and
- (c) may make different provision for different cases or descriptions of case.
- (6) In this section “*prescribed*” means prescribed by regulations under this section.
##### 444AZA
- (1) This section applies where—
- (a) an insurance business transfer scheme has effect to transfer life assurance business from one person (“*the transferor*”) to another (“*the transferee*”),
- (b) assuming the transferor had continued to carry on the business transferred after the transfer, the amount of any profits would have been charged to tax in respect of that business under the I minus E basis,
- (c) the profits in respect of the business transferred for the first period of account of the transferee ending after the date on which the transfer takes effect are charged to tax in accordance with Case I of Schedule D by virtue of section 431G(3), and
- (d) the conditions in paragraphs (a) and (b) of section 343(1) are satisfied in relation to the business transferred (construing references to an event as to a transfer).
- (2) Any loss which (assuming the transferor had continued to carry on the business transferred after the transfer) would have been available to be set off against profits chargeable under section 436A (a “Case VI loss”) shall instead be treated as a loss of the transferee (a “Case I loss”) available to be set off against GRBP in relation to a period of account.
- (3) For the purposes of subsection (2) above “*GRBP*”, in relation to a period of account, is—
$P×GRBTLTL$
where—
- *P* is the amount of such profits of the transferee's life assurance business for the period of account as relate to the business transferred (that amount being determined in accordance with section 343(9) and (10), where applicable),
- *GRBTL* is the mean of the opening and closing liabilities of the transferred gross roll-up business for the period of account, and
- *TL* is the mean of the opening and closing liabilities of the transferred life assurance business for the period of account.
- (4) Where the transfer is of part only of the transferor's long-term business, subsection (2) above shall apply only to such part of any Case VI loss to which it would otherwise apply as is appropriate.
- (5) Any question arising as to the operation of subsection (4) above shall be determined by the Special Commissioners who shall determine the question in the same manner as they determine appeals; but both the transferor and the transferee shall be entitled to appear and be heard or to make representations in writing.
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
##### 444AZB
- (1) This section applies where—
- (a) an insurance business transfer scheme has effect to transfer life assurance business from one person (“*the transferor*”) to another (“*the transferee*”),
- (b) assuming the transferor had continued to carry on the business transferred after the transfer, the amount of any profits would have been charged to tax in accordance with Case I of Schedule D by virtue of section 431G(3),
- (c) the profits in respect of the business transferred for the first period of account of the transferee ending after the date on which the transfer takes effect are charged to tax under the I minus E basis, and
- (d) the conditions in paragraphs (a) and (b) of section 343(1) are satisfied in relation to the business transferred (construing references to an event as to a transfer).
- (2) The relevant fraction of any loss which (assuming the transferor had continued to carry on the business transferred after the transfer) would have been available to be set off against profits of that business (a “Case I loss”) shall instead be treated as a loss of the transferee (a “Case VI loss”) available to be set off against the amount of such profits chargeable under section 436A for a period of account as relate to the business transferred (that amount being determined in accordance with section 343(9) and (10), where applicable).
- (3) For the purposes of subsection (2) above “*the relevant fraction*”, in relation to a period of account, is—
$GRBTLTL$
where—
- *GRBTL* is the mean of the opening and closing liabilities of the transferred gross roll-up business for the period of account, and
- *TL* is the mean of the opening and closing liabilities of the transferred life assurance business for the period of account.
- (4) Where the transfer is of part only of the transferor's long-term business, subsection (2) above shall apply only to such part of the amount of any Case I loss to which it would otherwise apply as is appropriate.
- (5) Any question arising as to the operation of subsection (4) above shall be determined by the Special Commissioners who shall determine the question in the same manner as they determine appeals; but both the transferor and the transferee shall be entitled to appear and be heard or to make representations in writing.
##### 444AA
- (1) This section applies where an insurance business transfer scheme has effect to transfer the whole of the long-term business of one person (“*the transferor*”).
- (2) Where the last period covered by a periodical return of the transferor ends otherwise than immediately before the transfer, there is to be deemed for the purposes of corporation tax to be a periodical return of the transferor covering the period—
- (a) beginning immediately after the last period ending before the transfer which is covered by an actual periodical return of the transferor, and
- (b) ending immediately before the transfer,
containing such entries as would have been included in an actual periodical return of the transferor covering that period (and so making that period a period of account of the transferor).
- (3) Where the last period covered by a periodical return of the transferor (whether or not by virtue of subsection (2) above) ends immediately before the transfer, there is to be deemed for the relevant purpose to be a periodical return of the transferor—
- (a) covering the time of the transfer, and
- (b) containing such entries as would have been included in an actual periodical return covering the time of the transfer,
(and so making the time of the transfer a period of account of the transferor for the relevant purpose).
- (4) Where the last period covered by a periodical return of the transferor ends after the transfer, the periodical return covering that period is to be ignored for all purposes of corporation tax other than the relevant purpose.
- (5) In this section “*the relevant purpose*” means determining for the purposes of section 83(2B) of the Finance Act 1989 whether a transfer is brought into account as part of total expenditure.
- (6) For the purposes of this section “*insurance business transfer scheme*” includes a scheme which would be such a scheme but for section 105(1)(b) of the Financial Services and Markets Act 2000 (which requires the business transferred to be carried on in an EEA State).
- (7) Where this section applies in relation to a transfer in a case in which the transferor continues, after the transfer, to carry on insurance business which is not long-term business—
- (a) references in this section to the last period covered by a periodical return (or deemed periodical return) of the transferor shall be taken to be references to the last period covered by a periodical return (or deemed periodical return) of the transferor containing entries relating to long-term business;
- (b) subsection (4) above is to be read as if after “other than” there were inserted the purposes of sections 444BA to 444BD and.
##### 444AB
- (1) This section applies where, immediately after an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to one or more others (“*the transferee*” or “*the transferees*”), the transferor—
- (a) does not carry on long-term business, but
- (b) holds assets which, immediately before the transfer, were assets of its long-term insurance fund.
- (2) The transferor shall be charged to tax under Case VI of Schedule D in respect of the taxable amount as if it had been received by the transferor during the accounting period beginning immediately after the day of the transfer.
- (3) If the transferor was charged to tax on the profits of its life assurance business under Case I of Schedule D for the accounting period ending immediately before the transfer, the taxable amount is the whole of the previously untaxed amount.
- (4) Otherwise, the taxable amount is the non-BLAGAB fraction of the previously untaxed amount.
- (5) The previously untaxed amount is the lesser of—
- (a) if there are no retained liabilities, the fair value of the retained assets or, if there are, so much of the fair value of the retained assets as exceeds the amount of the retained liabilities, and
- (b) the amount by which the fair value of the assets of the transferor’s long-term insurance fund immediately before the transfer exceeds the amount of the relevant pre-transfer liabilities.
- (6) In subsection (5) above “*fair value*”, in relation to assets, means the amount which would be obtained from an independent person purchasing them or, if the assets are money, its amount.
- (6A) In subsection (5) above—
- (a) “*the retained assets*” means such of the assets held by the transferor immediately after the transfer as were assets of its long-term insurance fund immediately before the transfer; and
- (b) “*the retained liabilities*” means such of the liabilities of the transferor immediately after the transfer as were included in column 1 of line 14, 17, 22, 31 or 38 of Form 14 in the periodical return of the transferor covering the period of account ending immediately before the transfer.
- (7) Subject to subsection (8) below, the amount of the relevant pre-transfer liabilities is the aggregate of the amounts shown in column 1 of lines 14 and 49 of Form 14 in the periodical return of the transferor covering the period of account ending immediately before the transfer.
- (8) If the amount of the liabilities transferred exceeds the value of the assets so transferred, as brought into account for the first period of account of the transferee (or any of the transferees) ending after the transfer, the amount of the relevant pre-transfer liabilities is the amount arrived at by deducting the excess from the aggregate of the amounts shown as mentioned in subsection (7) above.
- (9) For the purposes of subsection (4) above the non-BLAGAB fraction of the previously untaxed amount is the fraction of which—
- (a) the numerator is the amount of the liabilities transferred, apart from those which are liabilities of basic life assurance and general annuity business, and
- (b) the denominator is the amount of the liabilities transferred.
- (10) References in this section to assets held by the transferor after the transfer do not include any held on trust for the transferee or any of the transferees.
- (11) For the purposes of this section “*insurance business transfer scheme*” includes a scheme which would be such a scheme but for section 105(1)(b) of the Financial Services and Markets Act 2000 (which requires the business transferred to be carried on in an EEA State).
##### 444ABA
- (1) This section applies where—
- (a) section 444AB applies in relation to a transfer in the case of which there are retained liabilities, and
- (b) in any accounting period of the transferor beginning after the day of the transfer there is a reduction in the amount of the retained liabilities occasioned otherwise than by the making of a payment in or towards their discharge.
- (2) The transferor shall be charged to tax under Case VI of Schedule D in respect of the taxable amount as if it had been received by the transferor in the accounting period in which the reduction occurs.
- (3) If the transferor was charged to tax on the profits of its life assurance business under Case I of Schedule D for the accounting period ending immediately before the transfer, the taxable amount is the whole amount of the reduction.
- (4) Otherwise the taxable amount is the non-BLAGAB fraction of the amount of the reduction.
- (5) The non-BLAGAB fraction of the amount of the reduction is the fraction of which—
- (a) the numerator is the amount of the liabilities transferred, apart from those which are liabilities of basic life assurance and general annuity business, and
- (b) the denominator is the amount of the liabilities transferred.
- (6) Where in any accounting period of the transferor beginning after the transfer there is an increase in the amount of the retained liabilities, this section applies in relation to subsequent accounting periods of the transferor as if the amount of the retained liabilities were reduced by the amount of the increase.
- (7) Where an amount is shown as post-transfer reduction liabilities in the transferor’s accounts for any accounting period beginning after the transfer, this section applies as if the amount of the retained liabilities at the end of that accounting period (and the beginning of the next) were increased by the amount so shown.
- (8) In subsection (7) above “*post-transfer reduction liabilities*” means liabilities of the transferor to make payments to relevant persons which, in accordance with the terms of the insurance business transfer scheme, have arisen in consequence of a reduction in the amount of the retained liabilities at any time after the transfer.
- (9) In subsection (8) above “*relevant persons*” means—
- (a) if the transferor’s life assurance business immediately before the transfer was mutual business, persons who were policy holders or annuitants, or members of the transferor, at that time, and
- (b) in any other case, persons who were policy holders or annuitants at that time.
##### 444ABAA
- (1) For the purposes of section 444AB the relevant amount in relation to assets that are non-profit fund transferred assets is—
$$FVA-(ABTO+TL)$where—FVA is the fair value of the assets on the transfer date,ABTO is any amount brought into account in respect of the assets as a business transfer-out and shown (or treated as shown) in line 32 of Form 40 in the periodical return of the transferor for the period of account of the transferor including the transfer date, andTL is the amount of any non-profit fund transferred liabilities which are shown (or treated as shown) in any of lines 17, 21 to 23 and 31 to 38, but not in line 61, in Form 14 in the periodical return for the period of account of the transferor ending (or treated as ending by section 444AA) immediately before the transfer date or, if there is no period of account of the transferor so ending (or treated as so ending), the amount of any liabilities which would be so shown if one did.$
- (2) In subsection (1) “*non-profit fund transferred liabilities*” means such of the liabilities of the transferor's long-term insurance fund as are transferred from the transferor to the transferee by the insurance business transfer scheme and were, immediately before their transfer, liabilities of a non-profit fund of the transferor.
- (3) See section 444AA for the meaning of “the transfer date” in this section.
#### Meaning of “distribution”.
##### 444ABB
- (1) For the purposes of section 444AB the relevant amount in relation to assets that are retained assets is the lesser of FVA and UTA, where—
- (a) FVA is the fair value of the assets on the transfer date, and
- (b) UTA is the amount by which the fair value of the assets of the long-term insurance fund of the transferor immediately before the transfer date exceeds the amount shown (or treated as shown) in line 32 of Form 40 in the periodical return of the transferor covering the transfer date.
- (2) See section 444AA for the meaning of “the transfer date” in this section.
##### 444ABBA
- (1) This section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to another (“*the transferee*”).
- (2) If the transferor and the transferee jointly elect, the transferee (and not the transferor) is chargeable to any amount of additional corporation tax to which the transferor would otherwise be chargeable by virtue of section 444AB(4) in relation to relevant non-transferred assets.
- (3) An election under subsection (2) above—
- (a) is to be irrevocable, and
- (b) is to be made by notice to an officer of Revenue and Customs no later than the end of the period of 90 days beginning with the day following the transfer date,
and a copy of the notice containing the election must accompany the tax return of the transferee for the first accounting period ending after the transfer. Paragraphs 54 to 60 of Schedule 18 to the Finance Act 1998 (claims and elections for corporation tax purposes) do not apply to such an election.
- (4) Where an election under subsection (2) above has been made, the transferor must inform the transferee of—
- (a) the amount of any additional corporation tax to which the transferor considers the election to apply, and
- (b) the day on which that tax is due and payable,
no later than the end of the period of 8 months beginning with the day following the transfer date.
- (5) Tax chargeable on the transferee by virtue of an election under subsection (2) above—
- (a) is due in accordance with section 59D of the Management Act on the day on which it would have been due if no election had been made, and
- (b) for the purposes of that section, is to be treated as tax payable by the transferor (and not as tax payable by the transferee).
- (6) See section 444AA for the meaning of “the transfer date” in this section.
##### 444ABC
- (1) This section applies where an insurance business transfer scheme has effect to transfer part (but not the whole or substantially the whole) of the long-term business of a person (“*the transferor*”) to another person (“*the transferee*”) and the condition in subsection (2) below is met.
- (2) That condition is that any of the assets of the transferor's long-term insurance fund which are transferred from the transferor to the transferee by the insurance business transfer scheme are not, immediately after their transfer—
- (a) if the transferee is an insurance company, assets of the transferee's long-term insurance fund, or
- (b) if the transferee is not an insurance company, assets of a with-profits fund of the transferee,
(“relevant non-transferred assets”).
- (3) The relevant amount in relation to the relevant non-transferred assets (see subsection (4) below) is to be taken into account under section 83(2) of the Finance Act 1989 as an increase in value of the assets of the long-term insurance fund of the transferor for the period of account covering the transfer date.
- (4) The relevant amount in relation to the relevant non-transferred assets is—
$$FVA-BTO$whereFVA is the fair value of the assets on the transfer date, andBTO is any amount brought into account in respect of the assets as a business transfer-out.$
- (5) See section 444AA for the meaning of “the transfer date” in this section.
##### 444ABD
- (1) Any profits representing the amount by which—
- (a) the value of the liabilities transferred by an insurance business transfer scheme, exceeds
- (b) the value of the assets transferred by the insurance business transfer scheme shown (or treated as shown) in line 32 of the periodical return of the transferor for the period of account of the transferor including the transfer date,
are to be taken into account as profits of that period of account.
- (2) See section 444AA for the meaning of “the transfer date” in this section.
##### 444AC
- (1) This section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to another (“*the transferee*”).
- (2) If—
- (a) the element of the transferee’s line 31 figure representing the transferor’s long-term insurance fund, exceeds
- (b) the aggregate amount of the liabilities to policy holders and annuitants transferred to the transferee and of any relevant debts,
the excess is not to be regarded as a business transfer-in of the transferee for the purposes of section 83(2)(e) of the Finance Act 1989.
- (2A) Subject to subsections (2C) and (2D) below, subsection (2B) below applies if—
- (a) the aggregate amount of the liabilities to policy holders and annuitants transferred to the transferee and of any relevant debts, exceeds
- (b) the element of the transferee's line 31 figure representing the transferor's long-term insurance fund.
- (2B) Where this subsection applies—
- (a) the excess is to be taken into account as a receipt of the transferee in computing in accordance with the provisions of this Act applicable to Case I of Schedule D the profits of its life assurance business for the period of account of the transferee in which the transfer takes place (“*the relevant period of account*”); and
- (b) the relevant proportion of the excess is to be taken into account as a receipt of the transferee in so computing the profits of each category of its life assurance business for the relevant period of account;
and, for this purpose, “*the relevant proportion*”, in relation to a category of the transferee's life assurance business, is the proportion that the liabilities of that category that are transferred bear to the total liabilities transferred.
- (2C) Subsection (2B) above does not require the excess to be taken into account as a receipt of the transferee in so computing the profits of its life assurance business for the relevant period of account if—
- (a) transferred liabilities of an aggregate amount equal to the excess are not taken into account in so computing those profits for that period of account, and
- (b) the amount of the closing liabilities of that period of account is taken into account as opening liabilities in so computing those profits for the next period of account.
- (2D) Subsection (2B) above does not require the relevant proportion of the excess to be taken into account as a receipt of the transferee in so computing the profits of a category of its life assurance business for the relevant period of account if—
- (a) transferred liabilities of an aggregate amount equal to the relevant proportion of the excess are not taken into account in so computing those profits for that period of account, and
- (b) the amount of the closing liabilities of that period of account is taken into account as opening liabilities in so computing those profits for the next period of account.
- (2E) In subsections (2C)(a) and (2D)(a) above “*transferred liabilities*” means—
- (a) liabilities to policy holders or annuitants at the end of the relevant period of account that were transferred to the transferee, and
- (b) payments made to discharge, during that period of account, liabilities to policy holders or annuitants that were transferred to the transferee.
- (3) In this section and section 444AD “*the element of the transferee’s line 31 figure representing the transferor’s long-term insurance fund*” means so much of—
- (a) the amount which is brought into account by the transferee as a business transfer-in in the period of account of the transferee in which the transfer takes place, as represents
- (b) the assets transferred to the transferee.
- (4) In this section “*relevant debts*” means debts which become debts of the transferee's long-term insurance fund as a result of the transfer.
- (5) But if—
- (a) the fair value, as at the date of the transfer, of the assets which become assets of the transferee's long-term insurance fund as a result of the transfer, exceeds
- (b) the element of the transferee's line 31 figure representing the transferor's long-term insurance fund,
the amount of any relevant debts for the purposes of this section is to be reduced (but not below nil) by the excess.
- (6) In determining the amount of the liabilities transferred for the purposes of this section, there is to be disregarded any reduction in the transferee's liabilities resulting from reinsurance under a contract of reinsurance which is a relevant financial reinsurance contract (within the meaning of section 82C of the Finance Act 1989).
- (7) But where—
- (a) such a reduction results from reinsurance under a contract which was entered into by the transferor as cedant before the day on which the transfer takes place, and
- (b) the transferor's rights and obligations under the contract are transferred to the transferee under the transfer,
the amount of the reduction that would (apart from this subsection) be disregarded under subsection (6) above shall be reduced (but not below nil) by the amount given by subsection (8) below or, if less, the amount given by subsection (9) below.
- (8) The amount given by this subsection is the amount by which the liabilities at the end of the closing period which fell to be taken into account in computing in accordance with the provisions of this Act applicable to Case I of Schedule D the profits of the transferor's business for that period were reduced as a result of reinsurance under the contract.
- (9) The amount given by this subsection is the amount given by paragraph (a) below reduced (but not below nil) by the amount given by paragraph (b) below—
- (a) the amount given by this paragraph is the aggregate of the relevant amounts for any accounting period, and for this purpose the relevant amount for an accounting period is the amount in sub-paragraph (i) or (ii) below or, where applicable, the aggregate of those amounts—
- (i) the amount by which the profits of the transferor's business, computed in accordance with the provisions of this Act applicable to Case I of Schedule D, were increased for that accounting period as a result of reinsurance under the contract;
- (ii) the amount by which the losses of the transferor's business, so computed, were reduced for that accounting period as a result of reinsurance under the contract; and
- (b) the amount given by this paragraph is the aggregate of the relevant amounts for any accounting period, and for this purpose the relevant amount for an accounting period is the amount in sub-paragraph (i) or (ii) below or, where applicable, the aggregate of those amounts—
- (i) the amount by which the profits of the transferor's business, so computed, were reduced for that accounting period as a result of a reduction in reinsurance under the contract;
- (ii) the amount by which the losses of the transferor's business, so computed, were increased for that accounting period as a result of a reduction in reinsurance under the contract.
- (10) In subsections (8) and (9) above—
- “*the closing period*” means the accounting period of the transferor ending with the day on which the transfer takes place;
- “the transferor's business” means—the transferor's life assurance business, andany category of its life assurance business to which the liabilities relate.
- (11) For the purposes of this section and section 444ACA—
- “*fair value*” has the meaning given by section 444AB(6);
- “*insurance business transfer scheme*” includes a scheme which would be such a scheme but for section 105(1)(b) of the Financial Services and Markets Act 2000 (which requires the business transferred to be carried on in an EEA State).
##### 444ACZA
- (1) This section applies where an insurance business transfer scheme has effect to transfer part (but not the whole or substantially the whole) of the long-term business of a person (“*the transferor*”) to another person (“*the transferee*”) and the condition in subsection (2) below is met.
- (2) The condition is that the transferor did not carry on life assurance business that is mutual business during the period of account of the transferor covering the transfer date.
- (3) The amount which (apart from this section) would be regarded as other income of the transferee for the purposes of section 83(2)(e) of the Finance Act 1989 for the period of account of the transferee which includes the transfer date is to be reduced by an amount equal to the transferred surplus.
- (4) In subsection (4) above “*the transferred surplus*” means such part of the amount shown (or treated as shown) in line 13 of Form 14 in the periodical return of the transferor covering the last period of account of the transferor ending before the transfer date as it is just and reasonable to regard as being attributable to the transfer.
- (5) See section 444AA for the meaning of “the transfer date” in this section.
##### 444ACA
- (1) This section applies where an insurance business transfer scheme (see section 444AC(11)) has effect to transfer long-term business from one company (“*the transferor*”) to another (“*the transferee*”).
- (2) If—
- (a) immediately before the transfer, the assets of the long-term insurance fund of the transferee comprise or include relevant shares or an interest in such shares, and
- (b) the fair value (see section 444AC(11)) of the relevant shares, or of that interest, is reduced (whether or not to nil) as a result of the transfer,
an amount equal to that reduction in fair value is to be taken into account under section 83(2) of the Finance Act 1989 as a receipt of the transferee of the period of account of the transferee in which the transfer takes place.
- (3) But if—
- (a) the assets transferred to the transferee under the transfer comprise or include assets (“*the relevant assets*”) which, immediately before the transfer,—
- (i) were assets of the transferor, but
- (ii) were not assets of the transferor's long-term insurance fund, and
- (b) in respect of the transfer of the relevant assets, an amount is—
- (i) brought into account by the transferee as other income of the transferee of the period of account of the transferee in which the transfer takes place, and
- (ii) taken into account in computing in accordance with the provisions of this Act applicable to Case I of Schedule D the profits of the transferee's life assurance business and any category of its life assurance business to which the amount is referable,
the amount taken into account under section 83(2) of the Finance Act 1989 by virtue of subsection (2) above shall be reduced (but not below nil) by an amount equal to the amount referred to in paragraph (b) above.
- (4) In subsection (2) above “*relevant shares*” means—
- (a) some or all of the shares in the transferor, or
- (b) some or all of the shares in a company (whether or not an insurance company) which owns, directly or indirectly,—
- (i) some or all of the shares in the transferor, or
- (ii) an interest in some or all of those shares.
- (5) In subsection (4) above “*shares*”, in relation to a company, includes any interests in the company possessed by members of the company.
##### 444AD
- (1) This section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to another (“*the transferee*”).
- (2) If the transferor and the transferee jointly elect, section 83(2B) of the Finance Act 1989 does not apply to the transferor by reason of the transfer as respects so much of the value of the assets to which it would otherwise so apply as does not exceed the amount specified in subsection (4) below.
- (3) An election under subsection (2) above—
- (a) is irrevocable, and
- (b) is to be made by notice to an officer of the Board no later than the end of the period of 28 days beginning with the day following that on which the transfer takes place;
and a copy of the notice containing the election must accompany the tax return of the transferee for the first accounting period ending after the transfer.
Paragraphs 54 to 60 of Schedule 18 to the Finance Act 1998 (claims and elections for corporation tax purposes) do not apply to such an election.
- (4) The amount referred to in subsection (2) above is the amount by which—
- (a) the fair value of such of the assets of the long-term insurance fund of the transferee immediately after the transfer as were assets of the transferor’s long-term insurance fund immediately before the transfer, is greater than
- (b) the element of the transferee’s line 31 figure representing the transferor’s long-term insurance fund.
- (5) In subsection (4) above “*fair value*”, in relation to assets, means the amount which would be obtained from an independent person purchasing them or, if the assets are money, its amount.
##### 444AE
- (1) This section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“*the transferor*”) to another (“*the transferee*”).
- (2) If a contingent loan made to the transferor (within the meaning of subsection (1) of section 83ZA of the Finance Act 1989) is transferred to the transferee, that section has effect as if—
- (a) the contingent loan had become repayable by the transferor immediately before the transfer, and
- (b) the contingent loan were made to the transferee immediately after the transfer.
##### 444AEA
- (1) This section applies where—
- (a) as a result of the whole or any part of transfer scheme arrangements involving the transfer of long-term business from one person (“*the transferor*”) to another (“*the transferee*”) a Case I advantage is obtained by the transferor or the transferee (or by both), and
- (b) the sole or main purpose, or one of the main purposes, of the whole or any part of the transfer scheme arrangements is the obtaining of that Case I advantage.
- (2) In subsection (1) above “*transfer scheme arrangements*” means an insurance business transfer scheme (“*the relevant transfer scheme*”) together with any relevant associated operations.
- (3) If a Case I advantage is obtained by the transferor (see subsection (1) of section 444AEB), the amount of the transferor's Case I advantage (see subsection (2) of that section) is to be taken into account as an increase in value of the assets of the long-term insurance fund of the transferor for the period of account of the transferor covering the transfer date.
- (4) If a Case I advantage is obtained by the transferee (see subsection (1) of section 444AEC), the amount of the transferee's Case I advantage (see subsection (2) of that section) is to be taken into account as an increase in value of the assets of the long-term insurance fund of the transferee for the first period of account of the transferee ending after the transfer date.
- (5) In this section and sections 444AEB and 444AEC “*relevant associated operations*”, in relation to the relevant transfer scheme, means—
- (a) any other insurance business transfer scheme,
- (b) any contract of reinsurance,
- (c) any reconstruction or amalgamation involving the transferor, a dependant of the transferor which is an insurance undertaking or the transferee, or
- (d) any surplus-increasing transfer of assets,
which is effected in connection with the relevant transfer scheme.
- (6) In subsection (5) above—
- “*dependant*” and “*insurance undertaking*” have the same meaning as in the Insurance Prudential Sourcebook, and
- “*surplus-increasing transfer of assets*” means a transfer of assets of the transferor's long-term insurance fund to the transferee which is not brought into account for any period of account of the transferee but increases the amount of total surplus shown in line 39 of Form 58 in any periodical return of the transferee.
- (7) See section 444AA for the meaning of “the transfer date” in this section.
##### 444AEB
- (1) A Case I advantage is obtained by the transferor if—
- (a) Case I profits of its life assurance business for a period of account to which this section applies are less than they would be but for the transfer scheme arrangements or any part of the transfer scheme arrangements, or
- (b) Case I losses of its life assurance business for such a period of account are greater than they would be but for the transfer scheme arrangements or any part of the transfer scheme arrangements.
- (2) If a Case I advantage is obtained by the transferor, the amount of the Case I advantage is the aggregate of—
- (a) the amounts (if any) by which Case I profits for each period of account to which this section applies are less than they would be but for the transfer scheme arrangements or part, and
- (b) the amounts (if any) by which Case I losses for each such period of account are greater than they would be but for the transfer scheme arrangements or part.
- (3) This section applies to a period of account if it is—
- (a) the period of account of the transferor covering the transfer date,
- (b) any earlier period of account of the transferor, or
- (c) where any relevant associated operations are effected in any later period of account, that period of account.
- (4) In this section and section 444AEC “Case I profits” and “*Case I losses*” means profits and losses computed in accordance with the provisions of Case I of Schedule D.
- (5) See section 444AA for the meaning of “the transfer date”, and section 444AEA for the meaning of “relevant associated operations”, in this section.
##### 444AEC
- (1) A Case I advantage is obtained by the transferee if—
- (a) Case I profits of its life assurance business for a period of account to which this section applies are less than they would be but for the transfer scheme arrangements or any part of the transfer scheme arrangements, or
- (b) Case I losses of its life assurance business for such a period of account are greater than they would be but for the transfer scheme arrangements or any part of the transfer scheme arrangements.
- (2) If a Case I advantage is obtained by the transferee, the amount of the Case I advantage is—
- (a) the amount by which Case I profits for each period of account to which this section applies are less than they would be but for the transfer scheme arrangements or part, or
- (b) the amount by which Case I losses for each such period of account are greater than they would be but for the transfer scheme arrangements or part.
- (3) This section applies to a period of account if it is—
- (a) the first period of account of the transferee ending after the transfer date or after the effecting of the first of any relevant associated operations (if that occurs before the transfer date),
- (b) the second period of account of the transferee ending after the transfer date or after the effecting of the last of any relevant associated operations (if that occurs after the transfer date), or
- (c) any intervening period of account.
- (4) See section 444AA for the meaning of “the transfer date”, section 444AEA for the meaning of “relevant associated operations” and section 444AEB for the meaning of “Case I profits” and “Case I losses”, in this section.
##### 444AECA
- (1) This section applies where—
- (a) as a result of any part of transfer scheme arrangements involving the transfer of long-term business from one person (“*the transferor*”) to another (“*the transferee*”) a Case I advantage is obtained by the transferor or the transferee (or by both), and
- (b) the sole or main purpose, or one of the main purposes, of that part of the transfer scheme arrangements is the obtaining of that Case I advantage.
- (2) In subsection (1) above “*transfer scheme arrangements*” has the same meaning as in section 444AEA.
- (3) If a Case I advantage is obtained by the transferor (see subsection (1) of section 444AECB), the amount of the transferor's Case I advantage (see subsection (3) of that section) is to be taken into account as an increase in value of the assets of the long-term insurance fund of the transferor—
- (a) to the extent that the advantage is obtained by the transferor in the period of account covering the transfer date or any earlier period of account—
- (i) for the period of account of the transferor ending (or treated as ending) immediately before the transfer date, or
- (ii) where there is no such period, for the period of account of the transferor including the transfer date, and
- (b) to the extent that the advantage is obtained by the transferor in any later period of account of the transferor in which any relevant associated operations are effected, for that later period of account.
- (4) If a Case I advantage is obtained by the transferee (see subsection (1) of section 444AECC), the amount of the transferee's Case I advantage (see subsection (2) of that section) is to be taken into account as an increase in value of the assets of the long-term insurance fund of the transferee for the period of account of the transferee in which the advantage is obtained by the transferee.
- (5) See section 444AA for the meaning of “the transfer date”, and section 444AEA for the meaning of “relevant associated operations”, in this section.
##### 444AECB
- (1) A Case I advantage is obtained by the transferor if—
- (a) Case I profits of its life assurance business for a period of account to which this section applies are, or at the relevant time are expected to be, less than they would be but for any part of the transfer scheme arrangements, or
- (b) Case I losses of its life assurance business for such a period of account are, or at the relevant time are expected to be, greater than they would be but for any part of the transfer scheme arrangements.
- (2) But if any of the relevant associated operations would, by itself, cause the Case I profits to be greater or the Case I losses to be less than they would be but for that operation, the amount by which those profits would be greater or those losses would be less shall be taken into account in determining whether a Case I advantage is obtained by the transferor.
- (3) If a Case I advantage is obtained by the transferor, the amount of the Case I advantage is the aggregate of—
- (a) the amounts (if any) by which Case I profits for each period of account to which this section applies are, or at the relevant time are expected to be, less than they would be but for the relevant part of the arrangements, and
- (b) the amounts (if any) by which Case I losses for each such period of account are, or at the relevant time are expected to be, greater than they would be but for the relevant part of the arrangements.
- (4) This section applies to a period of account if it is—
- (a) the period of account of the transferor covering the transfer date,
- (b) any earlier period of account of the transferor, or
- (c) where any relevant associated operations are effected in any later period of account, that period of account.
- (5) In this section and section 444AECC “*the relevant part of the arrangements*” means, in relation to a Case I advantage, the part of the transfer scheme arrangements as a result of which the Case I advantage is obtained.
- (6) See section 444AA for the meaning of “the transfer date”, section 444AEA for the meaning of “relevant associated operations” and section 444AEB for the meaning of “Case I profits” and “Case I losses” and “the relevant time”, in this section.
##### 444AECC
- (1) A Case I advantage is obtained by the transferee if—
- (a) Case I profits of its life assurance business for a period of account to which this section applies are, or at the relevant time are expected to be, less than they would be but for any part of the transfer scheme arrangements, or
- (b) Case I losses of its life assurance business for such a period of account are, or at the relevant time are expected to be, greater than they would be but for the any part of the transfer scheme arrangements.
- (2) But if any of the relevant associated operations would, by itself, cause the Case I profits to be greater, or the Case I losses to be less, than they would be but for that operation, the amount by which those profits would be greater or those losses would be less shall be taken into account in determining whether a Case I advantage is obtained by the transferor.
- (3) If a Case I advantage is obtained by the transferee, the amount of the Case I advantage is—
- (a) the amount by which Case I profits for each period of account to which this section applies are, or at the relevant time are expected to be, less than they would be but for the relevant part of the arrangements, or
- (b) the amount by which Case I losses for each such period of account are, or at the relevant time are expected to be, greater than they would be but for the relevant part of the arrangements.
- (4) This section applies to a period of account if it is—
- (a) the first period of account of the transferee ending after the transfer date or after the effecting of the first of any relevant associated operations (if that occurs before the transfer date),
- (b) the second period of account of the transferee ending after the transfer date or after the effecting of the last of any relevant associated operations (if that occurs after the transfer date), or
- (c) any intervening period of account.
- (5) See section 444AA for the meaning of “the transfer date”, section 444AEA for the meaning of “relevant associated operations”, section 444AEB for the meaning of “Case I profits” and “Case I losses” and “the relevant time” and section 444AECB for the meaning of “the relevant part of the arrangements”, in this section.
##### 444AED
- (1) Section 444AEA does not apply in relation to the transferor or the transferee if, on an application under this section, the Commissioners for Her Majesty's Revenue and Customs (“the HMRC Commissioners”) have given a notice under subsection (2) below.
- (2) A notice under this subsection is a notice stating that the HMRC Commissioners are satisfied—
- (a) that the obtaining of a Case I advantage by the applicant is not the sole or main purpose of the whole or any part of the transfer scheme arrangements, or
- (b) that the transferor and the transferee are members of the same group of companies and that there is no advantage to the group arising from any Case I advantage obtained by the transferor or by the transferee.
- (3) For the purposes of this section there is no advantage to a group arising from any Case I advantage obtained by the transferor or by the transferee if—
- (a) as a result of transfer scheme arrangements, there is an increase in the liability to corporation tax of one or more companies which are members of the group of companies, and
- (b) the amount (or aggregate amount) of that increase is not less than the reduction in the liability to corporation tax of the transferor or the transferee (or both) arising from the obtaining of the Case I advantage.
- (4) An application under this section must be in writing and contain particulars of the transfer scheme arrangements.
- (5) The HMRC Commissioners may by notice require the applicant to provide further particulars in order to enable them to determine the application.
- (6) A requirement may be imposed under subsection (5) above within 30 days of the receipt of the application or of any further particulars required under that subsection.
- (7) If a notice under subsection (5) above is not complied with within 30 days or such longer period as the HMRC Commissioners may allow, they need not proceed further on the application.
- (8) The HMRC Commissioners must give notice of their decision on an application under this section to the applicant within 30 days of receiving the application or, if they give a notice under subsection (5) above, within 30 days of that notice being complied with.
- (9) If the HMRC Commissioners—
- (a) give notice to the applicant under subsection (8) above that they are not satisfied as mentioned in subsection (2) above, or
- (b) do not comply with subsection (8) above,
the applicant may require them to transmit the application to the Special Commissioners.
- (10) A requirement under subsection (9) above must be imposed within 30 days of the giving of the notice or the failure to comply and must be accompanied by any notice given under subsection (5) above and further particulars provided pursuant to any such notice.
- (11) Any notice given by the Special Commissioners has effect for the purposes of subsection (1) above as if it were given by the HMRC Commissioners.
- (12) If any particulars provided under this section do not fully and accurately disclose all facts and considerations material for the decision of the HMRC Commissioners or the Special Commissioners, any resulting notice that they are satisfied as mentioned in subsection (2) above is void.
- (13) For the purposes of this section two companies are members of the same group of companies if they are for the purposes of Chapter 4 of Part 10.
### Surpluses of mutual and former mutual businesses
##### 444AF
- (1) This section applies in relation to a period of account of an insurance company (“*the relevant period*”) if—
- (a) at any time in the relevant period the company carries on life assurance business that is not mutual business,
- (b) the company has an amount of undistributed demutualisation surplus for the relevant period (see subsection (7)), and
- (c) there is a reduction in the amount of the company's unappropriated surplus over the relevant period (see section 444AI).
- (2) Where this section applies in relation to the relevant period, there shall be deemed for the purposes of section 83(2) of the Finance Act 1989 to be brought into account for the relevant period as an increase in the value of the assets of the company's long-term insurance fund whichever of the following amounts is the smallest—
- (a) the amount of the reduction mentioned in subsection (1)(c) above;
- (b) the amount of the company's undistributed demutualisation surplus for the relevant period;
- (c) the amount of the company's relevant receipts reduction for the relevant period (see section 444AJ).
- (3) If the company prepares for the relevant period one or more such separate revenue accounts as are mentioned in section 83A(2)(b) of the Finance Act 1989—
- (a) subsection (2) above shall apply separately in relation to each separate revenue account which is recognised for the purposes of section 83 of that Act; and
- (b) for that purpose, any amount that falls to be determined in order to determine—
- (i) whether that subsection applies in relation to any such separate revenue account, and
- (ii) if so, the amount to be brought into account under that subsection in relation to that account,
shall be determined using only amounts or items which relate to the separate revenue account concerned.
- (4) In applying subsection (2) above in relation to a revenue account or separate revenue account which—
- (a) is recognised for the purposes of section 83 of that Act, and
- (b) is one in relation to which sections 432C and 432D apply,
that subsection shall have effect as if for “smallest” there were substituted smaller and as if paragraph (c) were omitted.
- (5) This section shall have effect—
- (a) for the purposes of computing in accordance with the provisions of this Act applicable to Case I of Schedule D the profits of the company's life assurance business, and
- (b) for the purposes of so computing the profits of any category of the company's life assurance business chargeable to tax under Case VI of Schedule D.
- (6) But for the purposes mentioned in subsection (5)(b) above, this section and section 444AG have effect subject to the modification in section 444AH; and the Corporation Tax Acts have effect accordingly (so that there may, in particular, be a difference between—
- (a) the amount deemed to be brought into account by virtue of subsection (2) above for a period of account for those purposes, and
- (b) the amount so deemed to be brought into account for that period of account for the purposes mentioned in subsection (5)(a) above).
- (7) For the purposes of this section, the undistributed demutualisation surplus of an insurance company for the relevant period is—
- (a) an amount equal to (UDSP – AD + DTSI – DTSO); or
- (b) if that amount is a negative amount, nil.
For this purpose—
- UDSP is the undistributed demutualisation surplus of the company for the period of account immediately preceding the relevant period,
- AD is any amount deemed under this section to be brought into account for the period of account immediately preceding the relevant period as an increase in the value of the assets of the company's long-term insurance fund,
- DTSI is the total amount of any demutualisation transfer surpluses accruing to the company during the relevant period (see section 444AG),
- DTSO is the total amount of any demutualisation transfer surpluses accruing to any other company (or companies) during the relevant period on a transfer (or transfers) of life assurance business by the company to that other company (or companies).
##### 444AG
- (1) For the purposes of section 444AF and this section, a demutualisation transfer surplus accrues to an insurance company where—
- (a) life assurance business is transferred to the company by a person (“*the transferor*”),
- (b) after the transfer, the company carries on the transferred business otherwise than as mutual business, and
- (c) the condition in subsection (2) below is satisfied in relation to the transfer.
- (2) The condition is that—
- (a) immediately before the transfer, the transferor carried on the transferred business as mutual business, or
- (b) where paragraph (a) above does not apply, some or all of the transferred business was carried on by an insurance company as mutual business at a time on or after 1st January 1990 and before the transfer (“former mutual business”).
- (3) The demutualisation transfer surplus accrues to the company on the date of the transfer.
- (4) The amount of the demutualisation transfer surplus is given by subsection (5) or (6) below.
- (5) Where subsection (2)(a) above applies, the amount of the demutualisation transfer surplus is—
- (a) where the whole of the transferor's life assurance business was transferred to the company under the transfer, the aggregate of—
- (i) the unappropriated surplus of the transferor at the end of the period of account of the transferor ending immediately before the transfer, and
- (ii) the amount of any added surplus accruing to the company in connection with the transfer (see subsection (10));
- (b) otherwise, a just and reasonable portion of that aggregate amount, having regard to how much of the transferor's life assurance business was transferred to the company under the transfer.
- (6) Where subsection (2)(b) above applies, the amount of the demutualisation transfer surplus is—
- (a) where the whole of the transferor's life assurance business was transferred to the company under the transfer and all of the transferred business is former mutual business, the former mutual surplus of the transferor on the transfer date (see subsection (7));
- (b) otherwise, so much of that former mutual surplus as it is just and reasonable to attribute to the company, having regard in particular to—
- (i) how much of the transferor's life assurance business was transferred to the company under the transfer, and
- (ii) how much of the transferred business is former mutual business.
- (7) For the purposes of subsection (6) above, the former mutual surplus of the transferor on the transfer date is—
- (a) the amount given by subsection (8) below, or
- (b) if less, the amount given by subsection (9) below.
- (8) The amount given by this subsection is the total amount of any demutualisation transfer surpluses accruing to the transferor—
- (a) on or after 1st January 1990, and
- (b) on or before the date of the transfer.
- (9) The amount given by this subsection is the lowest amount of unappropriated surplus of the transferor at the end of any period of account ending—
- (a) on or after the date of the last occasion on which a demutualisation transfer surplus accrued to it as mentioned in subsection (8) above, and
- (b) on or before the date of the transfer.
- (10) For the purposes of this section, added surplus accrues to the company in connection with the transfer if—
- (a) an amount of assets is received by the company in connection with the transfer, no later than six months after the date of the transfer,
- (b) the amount is not brought into account by the company,
- (c) the amount is added to the unappropriated surplus of the company, and
- (d) the amount does not derive from any unappropriated surplus of the transferor;
and the amount of the added surplus is the amount referred to in paragraphs (a) to (d) above.
##### 444AH
- (1) The modification in this section has effect for the purposes mentioned in section 444AF(5)(b) only.
- (2) In relation to any demutualisation transfer surplus accruing to a company in a post-2002 period of account—
- (a) the references in section 444AG(5) to the unappropriated surplus of the transferor at the end of the period of account of the transferor ending immediately before the transfer shall be taken to be references to—
- (i) the amount of that unappropriated surplus, or
- (ii) if less, the unappropriated surplus of the transferor at the end of the period of account immediately preceding the first post-2002 period of account of the transferor; and
- (b) the references in sections 444AF and 444AG to the amount of any demutualisation transfer surplus are to have effect accordingly.
- (3) In this section “*post-2002 period of account*”, in relation to an insurance company, means a period of account of the company beginning on or after 1st January 2003 and ending on or after 9th April 2003.
##### 444AI
- (1) For the purposes of section 444AF—
- (a) there is a reduction in the amount of the company's unappropriated surplus over the relevant period if CUS is less than (OUS + TSI – TSO);
- (b) the amount of that reduction is the amount by which CUS is less than (OUS + TSI – TSO).
- (2) In this section—
- CUS is the amount of the company's unappropriated surplus at the end of the relevant period,
- OUS is the amount of the company's unappropriated surplus at the end of the period of account immediately preceding the relevant period,
- TSI is the total amount of any transfer surpluses accruing to the company during the relevant period (see subsections (3) to (7)),
- TSO is the total amount of any transfer surpluses accruing to any other company (or companies) during the relevant period on a transfer (or transfers) of life assurance business by the company to that other company (or companies).
- (3) For the purposes of this section, a transfer surplus accrues to an insurance company where life assurance business is transferred to the company by a person (“*the transferor*”).
- (4) The transfer surplus accrues to the company on the date of the transfer.
- (5) The amount of the transfer surplus is equal to so much of the unappropriated surplus of the transferor at the end of the period of account of the transferor ending immediately before the transfer as is transferred to the company under the transfer.
- (6) But if, immediately before the transfer, the transferor carried on the transferred business as mutual business, the amount of the transfer surplus is the aggregate of—
- (a) the amount given by subsection (5) above, and
- (b) the amount of any added surplus accruing to the company in connection with the transfer.
- (7) Subsection (10) of section 444AG applies for the purposes of subsection (6) above as it applies for the purposes of that section.
##### 444AJ
- (1) For the purposes of sections 444AF and 444AK, the amount of the company's relevant receipts reduction for the relevant period is to be calculated by—
- (a) determining, in the case of each with-profits fund of the company, the amount given by subsection (2) or (6) below for the relevant period, and
- (b) aggregating each of those amounts.
- (2) The amount, in the case of a fund other than a policy holder participation fund, is—
- (a) where the gross transfer to non-technical account for the fund for the relevant period (see subsections (3) and (4)) is greater than the post-policy holder surplus for the fund for the relevant period (see subsection (5)), the amount of the difference;
- (b) otherwise, nil.
- (3) In this section “*the gross transfer to non-technical account*” means the amount shown in line 13 of Form 58 for the fund.
- (4) But if—
- (a) there is a transfer from a with-profits fund of the company to another fund of the company (“the initial transfer”) which is shown in (or included in an amount shown in) line 14 of Form 58 for the with-profits fund,
- (b) there is a transfer from a fund of the company (whether or not the other fund mentioned in paragraph (a) above) to the non-technical account which is shown in (or included in an amount shown in) line 13 of Form 58 for that fund, and
- (c) the transfer to the non-technical account can reasonably be regarded as connected with the initial transfer,
the amount of the gross transfer to non-technical account for the relevant period given by subsection (3) above in the case of the with-profits fund is to be increased by the amount transferred to the non-technical account.
- (5) In this section “*post-policy holder surplus*” means an amount equal to—
$$SA-TAP$where—SA is—(a) the amount shown in line 34 of Form 58 for the fund (surplus arising since last valuation), or(b) if that amount is a negative amount, nil;TAP is the amount shown in line 46 of Form 58 for the fund (total allocated to policy holders).$
- (6) The amount, in the case of a policy holder participation fund, is—
- (a) where TAP is greater than SA, the amount of the difference;
- (b) otherwise, nil;
and for this purpose “*SA*” and “*TAP*” have the same meaning as in subsection (5) above.
- (7) References in this section to Form 58 are references to that Form in the periodical return of the company for the relevant period.
- (8) In this section “*policy holder participation fund*” means a fund in the case of which an amount equal to the amount shown in line 34 of Form 58 for the fund is allocated to policy holders for the relevant period.
##### 444AK
- (1) This section applies if at any time in a period of account of an insurance company (“*the relevant period*”)—
- (a) the company carries on life assurance business as mutual business, and
- (b) the company carries on one or more categories of life assurance business chargeable to tax under Case VI of Schedule D.
- (2) If there is a reduction in the amount of the company's unappropriated surplus over the relevant period, there shall be deemed for the purposes of section 83(2) of the Finance Act 1989 to be brought into account for the relevant period as an increase in the value of the assets of the company's long-term insurance fund—
- (a) the amount of that reduction, or
- (b) if less, the amount of the company's relevant receipts reduction for the relevant period (see section 444AJ).
- (3) But subsection (2) above shall have effect only for the purposes of computing in accordance with the provisions of this Act applicable to Case I of Schedule D the profits for the relevant period of any category of the company's life assurance business chargeable to tax under Case VI of Schedule D.
- (4) If the company prepares for the relevant period one or more such separate revenue accounts as are mentioned in section 83A(2)(b) of the Finance Act 1989—
- (a) subsection (2) above shall apply separately in relation to each separate revenue account which is recognised for the purposes of section 83 of that Act; and
- (b) for that purpose, any amount that falls to be determined in order to determine—
- (i) whether that subsection applies in relation to any such separate revenue account, and
- (ii) if so, the amount to be brought into account under that subsection in relation to that account,
shall be determined using only amounts or items which relate to the separate revenue account concerned.
- (5) In applying subsection (2) above in relation to a revenue account or separate revenue account which—
- (a) is recognised for the purposes of section 83 of that Act, and
- (b) is one in relation to which sections 432C and 432D apply,
that subsection shall have effect as if paragraph (b) and the word “or” before it were omitted.
- (6) For the purposes of this section, there is a reduction in the amount of the company's unappropriated surplus over the relevant period if—
- (a) CUS is less than OUS, and
- (b) CUS is less than UUS.
- (7) The amount of that reduction is—
- (a) the amount by which CUS is less than OUS, or
- (b) if OUS is greater than UUS, the amount by which CUS is less than UUS.
- (8) In this section—
- CUS is the amount of the company's unappropriated surplus at the end of the relevant period,
- OUS is the amount of the company's unappropriated surplus at the end of the period of account immediately preceding the relevant period,
- UUS is the amount of the company's unappropriated surplus at the end of the period of account immediately preceding the first period of account of the company to begin on or after 1st January 2003 and to end on or after 9th April 2003.
##### 444AL
- (1) This section applies for the purposes of sections 444AF to 444AK.
- (2) References to mutual business, in relation to any time, include business which at that time is treated for the purposes of section 432E as mutual business.
- (3) “*Unappropriated surplus*”, in relation to a period of account of an insurance company, means an unappropriated surplus on valuation as shown in the periodical return of the company for the period of account.
- (4) References to the unappropriated surplus of the transferor at the end of the period of account of the transferor ending immediately before the transfer are, where a period of account of the transferor does not end at that time, references to the unappropriated surplus on valuation that would have been shown in a periodical return of the transferor for that period had such a return been drawn up.
### Provisions applying in relation to overseas life insurance companies
##### 444B
Schedule 19AC (which makes modifications of this Act in relation to overseas life insurance companies) shall have effect.
#### Meaning of “distribution”.
##### 444C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 444D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 444E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Equalisation reserves
##### 444BA
- (1) Subject to the following provisions of this section and to sections 444BB to 444BD, the rules in subsection (2) below shall apply in making any computation, for the purposes of Case I or V of Schedule D, of the profits or losses for any accounting period of an insurance company whose business has at any time been or included business in respect of which it was required, by virtue of equalisation reserve rules, to maintain an equalisation reserve.
- (2) Those rules are—
- (a) that amounts which, in accordance with equalisation reserve rules, are transferred into the equalisation reserve in respect of the company’s business for the accounting period in question are to be deductible;
- (b) that amounts which, in accordance with any such regulations, are transferred out of the reserve in respect of the company’s business for that period are to be treated as receipts of that business; and
- (c) that it must be assumed that all such transfers as are required by equalisation reserve rules to be made into or out of the reserve in respect of the company’s business for any period are made as required.
- (3) Where an insurance company having any business in respect of which it is required, by virtue of equalisation reserve rules, to maintain an equalisation reserve ceases to trade—
- (a) any balance which exists in the reserve at that time for the purposes of the Tax Acts shall be deemed to have been transferred out of the reserve immediately before the company ceases to trade; and
- (b) that transfer out shall be deemed to be a transfer in respect of the company’s business for the accounting period in which the company so ceases and to have been required by equalisation reserve rules.
- (4) Where—
- (a) an amount is transferred into an equalisation reserve in respect of the business of an insurance company for any accounting period,
- (b) the rule in subsection (2)(a) above would apply to the transfer of that amount but for this subsection,
- (c) that company by notice in writing to an officer of the Board makes an election in relation to that amount for the purposes of this subsection, and
- (d) the notice of the election is given not more than two years after the end of that period,
the rule mentioned in subsection (2)(a) above shall not apply to that transfer of that amount and, instead, the amount transferred (the “unrelieved transfer”) shall be carried forward for the purposes of subsection (5) below to the next accounting period and (subject to subsection (6) below) from accounting period to accounting period.
- (5) Where—
- (a) in accordance with equalisation reserve rules, a transfer is made out of an equalisation reserve in respect of an insurance company’s business for any accounting period,
- (b) the rule in subsection (2)(b) above would apply to the transfer but for this subsection, and
- (c) the accounting period is one to which any amount representing one or more unrelieved transfers has been carried forward under subsection (4) above,
that rule mentioned in subsection (2)(b) above shall not apply to that transfer except to the extent (if any) that the amount of the transfer exceeds the aggregate of the amounts representing unrelieved transfers carried forward to that period.
- (6) Where in the case of any company—
- (a) any amount representing one or more unrelieved transfers is carried forward to an accounting period in accordance with subsection (4) above, and
- (b) by virtue of subsection (5) above the rule in subsection (2)(b) above does not apply to an amount representing the whole or any part of any transfer out of an equalisation reserve in respect of the company’s business for that period,
the amount mentioned in paragraph (a) above shall not be carried forward under subsection (4) above to the next accounting period except to the extent (if any) that it exceeds the amount mentioned in paragraph (b) above.
- (7) To the extent that any actual or assumed transfer in accordance with equalisation reserve rules of any amount into an equalisation reserve is attributable to arrangements entered into wholly or mainly for tax purposes—
- (a) the rule in subsection (2)(a) above shall not apply to that transfer; and
- (b) the making of that transfer shall be disregarded in determining, for the purposes of the Tax Acts, whether and to what extent there is subsequently any requirement to make a transfer into or out of the reserve in accordance with equalisation reserve rules;
and this subsection applies irrespective of whether the insurance company in question is a party to the arrangements.
- (8) For the purposes of this section the transfer of an amount into an equalisation reserve is attributable to arrangements entered into wholly or mainly for tax purposes to the extent that the arrangements to which it is attributable are arrangements—
- (a) the sole or main purpose of which is, or
- (b) the sole or main benefit accruing from which might (but for subsection (7) above) be expected to be,
the reduction by virtue of this section of any liability to tax.
- (9) Where—
- (a) any transfer made into or out of an equalisation reserve maintained by an insurance company is made in accordance with equalisation reserve rules in respect of business carried on by that company over a period (“the equalisation period”), and
- (b) parts of the equalisation period are in different accounting periods,
the amount transferred shall be apportioned for the purposes of this section between the different accounting periods in the proportions that correspond to the number of days in the equalisation period that are included in each of those accounting periods.
- (10) The Treasury may by regulations provide in relation to any accounting periods ending on or after 1st April 1996 for specified transitional provisions contained in equalisation reserve rules to be disregarded for the purposes of the Tax Acts in determining how much is required, on any occasion, to be transferred into or out of any equalisation reserve in accordance with the rules.
- (11) In this section, and in sections 444BB to 444BD, “equalisation reserves rules” means the rules in chapter 7.5 of the Integrated Prudential Sourcebook.
##### 444BB
- (1) The Treasury may by regulations make provision modifying section 444BA so as, in cases mentioned in subsection (2) below—
- (a) to require—
- (i) sums by reference to which the amount of any transfer into or out of an equalisation reserve falls to be computed, or
- (ii) the amount of any such transfer,
to be apportioned between different parts of the business carried on for any period by an insurance company; and
- (b) to provide for the purposes of corporation tax for the amounts taken to be transferred into or out of an equalisation reserve to be computed disregarding any such sum or, as the case may be, any such part of a transfer as is attributed, in accordance with the regulations, to a part of the business described for the purpose in the regulations.
- (2) Those cases are cases where an insurance company which, in accordance with equalisation reserve rules, is required to make transfers into or out of an equalisation reserve in respect of any business carried on by that company for any period is carrying on, for the whole or any part of that period—
- (a) any business the income and gains of which fall to be disregarded in making a computation of the company’s profits in accordance with the rules applicable to Case I of Schedule D, or
- (b) any business by reference to which double taxation relief is afforded in respect of any income or gains.
- (3) Section 444BA shall have effect (subject to any regulations under subsection (1) above) in the case of an equalisation reserve maintained by an insurance company which—
- (a) is not resident in the United Kingdom, and
- (b) carries on business in the United Kingdom through a permanent establishment,
only if such conditions as may be prescribed by regulations made by the Treasury are satisfied in relation to that company and in relation to transfers into or out of that reserve.
- (4) Regulations under this section prescribing conditions subject to which section 444BA is to apply in the case of any equalisation reserve maintained by an insurance company may—
- (a) contain conditions imposing requirements on the company to furnish the Board with information with respect to any matters to which the regulations relate, or to produce to the Board documents or records relating to any such matters; and
- (b) provide that, where any prescribed condition is not, or ceases to be, satisfied in relation to the company or in relation to transfers into or out of that reserve, there is to be deemed for the purposes of the Tax Acts to have been a transfer out of that reserve of an amount determined under the regulations.
- (5) Regulations under this section may—
- (a) provide for apportionments under the regulations to be made in such manner, and by reference to such factors, as may be specified or described in the regulations;
- (b) make different provision for different cases;
- (c) contain such supplementary, incidental, consequential and transitional provision as the Treasury may think fit;
- (d) make provision having retrospective effect in relation to accounting periods beginning not more than one year before the time when the regulations are made;
and the powers conferred by this section in relation to transfers into or out of any reserve shall be exercisable in relation to both actual and assumed transfers.
- (6) In this section “*double taxation relief*” means—
- (a) relief under double taxation arrangements which takes the form of a credit allowed against corporation tax, or
- (b) unilateral relief under section 790(1) which takes that form;
and “*double taxation arrangements*” here means arrangements having effect by virtue of section 788.
##### 444BC
- (1) The Treasury may by regulations make provision modifying the operation of section 444BA in relation to cases where an insurance company has, for the purpose of preparing the documents it is required to prepare for the purposes of section 9.3 of the Prudential Sourcebook (Insurers), applied for any period an accounting method described in paragraph 52 or 53 of Schedule 9A to the Companies Act 1985 (accounting on a non-annual basis).
- (2) Subsection (5) of section 444BB applies for the purposes of this section as it applies for the purposes of that section.
##### 444BD
- (1) The Treasury may by regulations provide for section 444BA to have effect, in such cases and subject to such modifications as may be specified in the regulations, in relation to any equivalent reserves as it has effect in relation to equalisation reserves maintained by virtue of equalisation reserve rules.
- (2) For the purposes of this section a reserve is an equivalent reserve if—
- (a) it is maintained, otherwise than by virtue of equalisation reserve rules, either—
- (i) by an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to the Financial Services and Markets Act 2000 which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12(1) of that Schedule) to effect or carry out contracts of insurance in the United Kingdom, or
- (ii) by a firm which has permission under paragraph 4 of Schedule 4 to that Act (as a result of qualifying for authorisation under paragraph 2 of that Schedule) to effect or carry out contracts of insurance in the United Kingdom, or
- (iii) in respect of any business which consists of the effecting or carrying out of contracts of insurance and which is carried on outside the United Kingdom by a company resident in the United Kingdom;
- (b) the purpose for which, or the manner in which, it is maintained is such as to make it equivalent to an equalisation reserve maintained by virtue of equalisation reserve rules.
- (3) For the purposes of this section a reserve is also an equivalent reserve if it is maintained in respect of any credit insurance business in accordance with requirements imposed either—
- (a) by or under any enactment, or
- (b) under so much of the law of any territory as secures compliance with the requirements of Article 1 of the credit insurance directive (equalisation reserves for credit insurance).
- (4) Without prejudice to the generality of subsection (1) above, the modifications made by virtue of that subsection may—
- (a) provide for section 444BA to apply in the case of an equivalent reserve only where such conditions as may be specified in the regulations are satisfied in relation to the company maintaining the reserve or in relation to transfers made into or out of it; and
- (b) contain any other provision corresponding to any provision which, in the case of a reserve maintained by virtue of equalisation reserve rules, may be made under sections 444BA to 444BC.
- (5) Subsections (4) and (5) of section 444BB shall apply for the purposes of this section as they apply for the purposes of that section.
- (6) Without prejudice to the generality of section 444BB(5), the transitional provision which by virtue of subsection (5) above may be contained in regulations under this section shall include—
- (a) provision for treating the amount of any transfers made into or out of an equivalent reserve in respect of business carried on for any specified period as increased by the amount by which they would have been increased if no transfers into the reserve had been made in respect of business carried on for an earlier period; and
- (b) provision for excluding from the rule in section 444BA(2)(b) so much of any amount transferred out of an equivalent reserve as represents, in pursuance of an apportionment made under the regulations, the transfer out of that reserve of amounts in respect of which there has been no entitlement to relief by virtue of section 444BA(2)(a).
- (7) In this section—
- “credit insurance business” means business which consists of the effecting or carrying out of contracts of insurance against risks of loss to the persons insured arising from—the insolvency of debtors of theirs, orfrom the failure (otherwise than through insolvency) of debtors of theirs to pay their debts when due;
- “*the credit insurance directive*” means Council Directive [87/343/EEC](https://www.legislation.gov.uk/european/directive/1987/0343) of 22nd June 1987 amending, as regards credit insurance and suretyship insurance, First Directive 73/239 on the coordination of laws, regulations and administrative provisions relating to the taking-up and pursuit of the business of direct insurance other than life assurance; . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 458A
- (1) The Treasury may by regulations provide for the life assurance provisions of the Corporation Tax Acts to have effect in relation to companies carrying on capital redemption business as if capital redemption business were, or were a category of, life assurance business.
- (2) Regulations under this section may provide that the provisions applied by the regulations are to have effect as respects capital redemption business with such modifications and exceptions as may be provided for in the regulations.
- (3) Regulations under this section may—
- (a) make different provision for different cases;
- (b) include such incidental, supplemental, consequential and transitional provision (including provision modifying provisions of the Corporation Tax Acts other than the life assurance provisions) as the Treasury consider appropriate; and
- (c) include retrospective provision.
- (4) In this section references to the life assurance provisions of the Corporation Tax Acts are references to the following—
- (a) the provisions of this Chapter so far as they relate to life assurance business or companies carrying on such business; and
- (b) any other provisions of the Corporation Tax Acts making separate provision by reference to whether or not the business of a company is or includes life assurance business or any category of insurance business that includes life assurance business.
- (5) In this section “*capital redemption business*” has the same meaning as in section 458.
##### 461A
- (1) For the purposes of sections 461B and 461C, a “*qualifying society*” is an incorporated friendly society which—
- (a) immediately before its incorporation, was a registered friendly society to which section 461(2) did not apply,
- (b) was formed otherwise than by the incorporation of a registered friendly society or the amalgamation of two or more friendly societies and satisfies subsection (2) below, or
- (c) was formed by the amalgamation of two or more friendly societies and satisfies subsection (3) below,
and in respect of which no direction under section 461C(5) is in force.
- (2) A society satisfies this subsection if its business is limited to the provision, in accordance with the rules of the society, of benefits for or in respect of employees of a particular employer or such other group of persons as is for the time being approved for the purposes of this section by the Board.
- (3) If at the time of the amalgamation referred to in subsection (1)(c) above—
- (a) section 461(2) applied to none of the registered friendly societies being amalgamated (if any), and
- (b) all of the incorporated friendly societies being amalgamated (if any) were qualifying societies,
the society formed by the amalgamation satisfies this subsection.
- (4) For the purposes of this section and section 461C, any group of persons which was approved for the purposes of this section (as mentioned in subsection (2) above) by the Friendly Societies Commission immediately before 1st December 2001 shall be treated as having been approved for the purposes of this section by the Board on that date.
##### 461B
- (1) Subject to the following provisions of this section, a qualifying society shall, on making a claim, be entitled to exemption from income tax and corporation tax (whether on income or chargeable gains) on its profits other than those arising from life or endowment business.
- (2) Subsection (1) above shall not apply to any profits arising or accruing to the society from, or by reason of its interest in, a body corporate which is a subsidiary (within the meaning of the Friendly Societies Act 1992) of the society or of which the society has joint control (within the meaning of that Act).
- (2A) Subsection (1) above shall not apply to any profits arising or accruing to the society from or by reason of its membership of a property investment LLP.
- (3) If an incorporated friendly society which is not a qualifying society makes a payment to a member in respect of his interest in the society and the payment is made otherwise than in the course of life or endowment business and exceeds the aggregate of any sums paid by him to the society by way of contributions or deposits, after deducting from that aggregate the amount of—
- (a) any previous payment so made to him by the society, and
- (b) any earlier repayment of such sums paid by him,
the excess shall be treated for the purposes of corporation tax and income tax as a qualifying distribution.
- (4) In relation to an incorporated friendly society which, immediately before its incorporation, was a registered friendly society to which section 461(2) applied—
- (a) the references in subsection (3) above to sums paid to the society shall include sums paid to the registered friendly society,
- (b) the reference in subsection (3)(a) above to any payment made by the society shall include any payment made by the registered friendly society after 26 March 1974 or such later date as was specified in any direction under section 461 (7) relating to it, and
- (c) the reference in subsection (3)(b) above to any repayment shall include any repayment made by the registered friendly society.
- (5) Where a qualifying society at any time ceases by virtue of section 91 of the Friendly Societies Act 1992 (conversion into company) to be registered under that Act, the company into which the society is converted shall be exempt from income tax or corporation tax on its profits arising from any part of its business, other than life or endowment business, which relates to contracts made before that time.
- (6) Subsection (5) above shall apply so long as there is no increase in the scale of benefits which the company undertakes to provide in the course of carrying on the relevant part of its business.
- (7) Any part of a company’s business to which an exemption under subsection (5) above relates shall be treated for the purposes of the Corporation Tax Acts as a separate business from any other business carried on by the company.
##### 461C
- (1) Subject to subsection (2) below, subsections (3) and (4) below apply where a qualifying society—
- (a) begins to carry on business other than life or endowment business, or
- (b) in the opinion of the Board, begins to carry on business other than life or endowment business on an enlarged scale or of a new character.
- (2) Subsections (3) and (4) below do not apply if—
- (a) the society’s business is limited to the provision, in accordance with the rules of the society, of benefits for or in respect of employees of a particular employer or such other group of persons as is for the time being approved for the purposes of section 461 or 461A by the Board, or
- (b) the society’s rules limit the aggregate amount which may be paid by a member by way of contributions and deposits to not more than £1 per month or such greater amount as is authorised for the purposes of section 461.
- (3) If it appears to the Board, having regard to the restrictions imposed by section 461 on registered friendly societies registered after 31st May 1973, that for the protection of the revenue it is expedient to do so, the Board may give a direction to the society under subsection (4) below.
- (4) A direction under this subsection is that (and has the effect that) the society to which it is given shall cease to be a qualifying society as from the date of the direction.
- (5) A society to which a direction is given may, within 30 days of the date on which it is given, appeal against the direction to the Special Commissioners on the ground that—
- (a) it has not begun to carry on business as mentioned in subsection (1) above;
- (b) subsections (3) and (4) above do not apply to it by reason of subsection (2) above; or
- (c) the direction is not necessary for the protection of the revenue.
##### 461D
- (1) Where—
- (a) at any time a friendly society (“*the transferee*”) acquires by way of transfer of engagements or amalgamation from another friendly society (“*the transferor*”) any business, other than life or endowment business, consisting of business which relates to contracts made before that time, and
- (b) immediately before that time the transferor was exempt from corporation tax on profits arising from that business,
the transferee is so exempt after that time.
- (2) But if during an accounting period of the transferee there is an increase in the scale of benefits which it undertakes to provide in the course of carrying on that business, the transferee shall not be exempt from corporation tax by virtue of subsection (1) above for that or any subsequent accounting period.
- (3) Where—
- (a) at any time a friendly society (“*the transferee*”) acquires by way of transfer of engagements or amalgamation from another friendly society (“*the transferor*”) any business, other than life or endowment business, consisting of business which relates to contracts made before that time, and
- (b) immediately before that time the transferor was not exempt from corporation tax on profits arising from that business,
the transferee is not so exempt after that time.
- (4) The Treasury may by regulations provide that, where any business of a friendly society is exempt from corporation tax by virtue of subsection (1) above, or not so exempt by virtue of subsection (3) above, the Corporation Tax Acts have effect subject to such modifications (or exceptions) as the Treasury consider appropriate.
- (5) Regulations under subsection (4) above—
- (a) may make different provision for different cases,
- (b) may include any incidental, supplementary, consequential or transitional provisions which the Treasury consider appropriate, and
- (c) may include retrospective provision.
##### 462A
- (1) Where a registered friendly society has tax exempt life or endowment business which includes contracts—
- (a) made before 20th March 1991, and
- (b) expressed at the outset not to be made in the course of such business,
the society may by notice to the inspector elect that section 460(1) shall not apply to so much of the profits arising from such business as is attributable to such contracts.
- (2) Where a registered friendly society has tax exempt life or endowment business which includes contracts falling within subsection (3) below, the society may by notice to the inspector elect that section 460(1) shall not apply to so much of the profits arising from such business as is attributable to such contracts.
- (3) A contract falls within this subsection if—
- (a) at the outset, it is neither expressed to be made in the course of tax exempt life or endowment business nor expressed not to be so made but is assumed by the society not to be so made, and
- (b) the policy issued in pursuance of it falls within paragraph 21(1)(b) of Schedule 15.
- (4) An election under subsection (2) above shall only be valid if the society satisfies the inspector (or the Commissioners on appeal) that it is possible to identify all the contracts to which the election relates.
- (5) If the inspector decides that he is not satisfied as mentioned in subsection (4) above, he shall give notice of his decision to the society; and section 42(3), (4) and (9) of, and paragraph 1(1) to (1E) of Schedule 2 to, the Management Act shall apply in relation to such a decision as they apply in relation to a decision of an inspector on a claim.
- (6) An election under subsection (1) or (2) above shall have effect for accounting periods ending on or after the day on which the Finance Act 1991 was passed.
- (7) No election under subsection (1) or (2) above may be made after 31st July 1992.
- (8) Where a friendly society has made an election under subsection (1) or (2) above, then, for any accounting period for which the election has effect—
- (a) section 460(1) shall apply to profits arising from life or endowment business which would have been included in the society’s tax exempt life or endowment business had no account been taken of the contracts to which the election relates, and
- (b) section 462(1), in its application to the society, shall have effect with the insertion after “societies” of “and all policies issued in pursuance of contracts to which an election under section 462A(1) or (2) relates”.
- (9) If a friendly society which (or a branch of which) has made an election under subsection (1) or (2) above becomes an incorporated friendly society, the election shall have effect in relation to the incorporated friendly society as it had effect in relation to the society (or branch) which made the election (and accordingly, in relation to accounting periods of the incorporated friendly society, “*the society*” in subsection (8)(a) and (b) above shall be read as referring to the incorporated friendly society).
#### No tax credit for borrower under stock lending arrangement or interim holder under repurchase agreement.
##### 465A
- (1) This section applies where any assets of a branch of a registered friendly society have been identified in a scheme under section 6(5) of the Friendly Societies Act 1992 (property, rights etc. excluded from transfer to the society on its incorporation).
- (2) In relation to any time after the incorporation of the society, the assets shall be treated for the purposes of the Tax Acts as assets of the society (and, accordingly, any tax liability arising in respect of them shall be a liability of the society rather than of the branch).
- (3) Where, by virtue of this section, tax in respect of any of the assets becomes chargeable on and is paid by the society, the society may recover from the trustees in whom those assets are vested the amount of the tax paid.
##### 468AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### No tax credit for original owner under repurchase agreement in respect of certain manufactured dividends.
##### 468C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Tax credits for non-U.K. residents.
##### 468EE
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468G
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Distributions of authorised unit trusts: general
##### 468H
- (1) This section has effect for the interpretation of sections 468I to 468R.
- (2) The making of a distribution by an authorised unit trust to a unit holder includes investing an amount on behalf of the unit holder in respect of his accumulation units.
- (3) In relation to an authorised unit trust—
- (a) “*distribution period*” means a period by reference to which the total amount available for distribution to unit holders is ascertained; and
- (b) “*distribution accounts*” means accounts showing how that total amount is computed.
- (4) The distribution date for a distribution period of an authorised unit trust is—
- (a) the date specified by or in accordance with the terms of the trust for any distribution for that distribution period; or
- (b) if no date is so specified, the last day of that distribution period.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) Sections 468I to 468Q do not apply to an authorised unit trust which is also an approved personal pension scheme (within the meaning of Chapter IV of Part XIV).
##### 468I
- (1) The total amount shown in the distribution accounts as available for distribution to unit holders shall be shown as available for distribution in one of the ways set out below.
- (2) It may be shown as available for distribution as dividends . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) It may be shown as available for distribution as yearly interest.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) Amounts deriving from income under Schedule A may not be included in any amount shown in the distribution accounts as available for distribution as yearly interest.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Dividend and foreign income distributions
##### 468J
- (1) Subsection (2) below applies where the total amount . . . shown in the distribution accounts as available for distribution to unit holders is shown as available for distribution as dividends . . . .
- (2) The Corporation Tax Acts shall have effect as if the total amount . . . were dividends on shares paid on the distribution date by the company referred to in section 468(1) to the unit holders in proportion to their rights.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) In the following provisions of this Chapter “*a dividend distribution*” means a dividend treated as paid by virtue of subsection (2) above (including a dividend treated as paid to a unit holder who is not liable to corporation tax).
##### 468K
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interest distributions
##### 468L
- (1) Subsection (2) below applies where the total amount shown in the distribution accounts as available for distribution to unit holders is shown as available for distribution as yearly interest.
- (1A) For the purposes of this Chapter and Chapter 2 of Part 4 of ITTOIA 2005 (interest) no amount shall be shown as so available unless the authorised unit trust in question satisfies the qualifying investments test throughout the distribution period.
- (2) The Corporation Tax Acts shall have effect (subject to what follows) as if the total amount were payments of yearly interest made on the distribution date by the company referred to in section 468(1) to the unit holders in proportion to their rights.
- (3) In the following provisions of this Chapter “*an interest distribution*” means a payment of yearly interest treated as made by virtue of subsection (2) above (including a payment of interest treated as made to a unit holder who is not liable to corporation tax).
- (4) The obligation under section 349(2) to deduct a sum in its application to an interest distribution is subject to section 468M (and, in its application to an interest distribution to a unit holder in respect of his accumulation units, is an obligation to deduct a sum out of the amount being invested on the unit holder’s behalf).
- (5) Nothing in subsection (2) above or Chapter II of Part IV of the Finance Act 1996 (loan relationships) shall require any amount relating to an interest distribution to be brought into account for the purposes of that Chapter otherwise than by virtue of paragraph 4(4) of Schedule 10 to that Act; but the interest distributions of an authorised unit trust for a distribution period shall be allowed as a deduction against the profits of the authorised unit trust for the accounting period in which the last day of that distribution period falls.
- (6) The deduction mentioned in subsection (5) above may be made—
- (a) in computing the total profits for the accounting period, after the deduction of any expenses deductible in computing profits apart from section 75 and either before or after the deduction under that section of expenses of management; or
- (b) against total profits as reduced by any other relief from tax or against total profits not so reduced.
- (7) Where in any accounting period the amount deductible by virtue of subsection (5) above exceeds the amount from which the deduction is made—
- (a) the excess may be carried forward to the succeeding accounting period; and
- (b) the amount so carried forward shall be treated as if it were deductible in that succeeding accounting period by virtue of subsection (5) above.
- (8) For the purposes of this section an authorised unit trust satisfies the qualifying investments test throughout a distribution period (“the relevant period”) if at all times in that period, the market value of the qualifying investments exceeds 60 per cent. of the market value of all the investments of that trust.
- (9) Subject to subsection (13) below, in this section “*qualifying investments*”, in relation to an authorised unit trust, means the investments of that trust which are of any of the following descriptions—
- (a) money placed at interest;
- (b) securities;
- (c) shares in a building society;
- (d) qualifying entitlements to a share in the investments of another authorised unit trust;
- (e) qualifying shares in an open-ended investment company;
- (f) derivative contracts whose underlying subject matter consists wholly of any one or more of the matters referred to in paragraphs (a) to (e) above;
- (g) contracts for differences whose underlying subject matter consists wholly of interest rates or creditworthiness or both of those matters.
- (10) For the purposes of subsection (9) above an entitlement to a share in the investments of another authorised unit trust is a qualifying entitlement at any time in the relevant period if, and only if, the other authorised unit trust would itself (on the relevant assumption) satisfy the qualifying investments test throughout that period.
- (11) For the purposes of subsection (10) above the relevant assumption is that the only investments of the other authorised unit trust which are to be regarded as qualifying investments are those falling within paragraphs (a) to (c) , (f) and (g) of subsection (9) above.
- (12) In this section “security” does not include shares in a company; and references in this section to investments of an authorised unit trust are references to investments subject to the trusts of that authorised unit trust but do not include references to cash awaiting investment.
- (12A) For the purposes of subsection (9) above shares in an open-ended investment company are qualifying shares at any time in the relevant period if, and only if, throughout that period the aggregate market value of those investments of the company falling within paragraphs (a) to (c) of that subsection exceeds 60 per cent. of the market value of all its investments.
- (12B) In subsection (12A) above references to investments of an open-ended investment company are references to investments comprised in the scheme property of that company, but do not include references to cash awaiting investment.
- (12C) In this section—
- “collective investment scheme" has the meaning given by section 235 of the Financial Services and Markets Act 2000;
- “open-ended investment company" means, subject to subsection (12D) below, an open-ended investment company within the meaning given by section 236 of the Financial Services and Markets Act 2000 which is incorporated in the United Kingdom;
- “scheme property" of an open-ended investment company means, subject to subsection (12E)(b) below, the property subject to the collective investment scheme constituted by the company.
- (12D) Each of the parts of an umbrella company shall be regarded for the purposes of subsections (9) and (12A) above as an open-ended investment company and the umbrella company as a whole shall not be so regarded and shall not be regarded as a company.
- (12E) In relation to a part of an umbrella company—
- (a) references in subsections (12A) and (12B) above to investments of an open-ended investment company shall have effect as references to such of the investments as under the arrangements referred to in subsection (12F) below form part of the separate pool to which that part of the umbrella company relates;
- (b) the reference in subsection (12B) above to the scheme property of an open-ended investment company shall have effect as if it were a reference to such property subject to the collective investment scheme constituted by the umbrella company as is comprised in the separate pool to which that part of the umbrella company relates;
- (c) a person for the time being having rights in that part shall be regarded as the owner of shares in the open-ended investment company which that part is deemed to be by virtue of subsection (12D) above, and not as the owner of shares in the umbrella company itself.
- (12F) In subsections (12D) and (12E) above “umbrella company" means a company—
- (a) which falls within the definition of “open-ended investment company" in section 236 of the Financial Services and Markets Act 2000 ,
- (b) which is incorporated in the United Kingdom,
- (c) whose instrument of incorporation provides for arrangements for such pooling as is mentioned in section 235(3)(a) of that Act in relation to separate parts of the scheme property of the company, and
- (d) the owners of shares in which are entitled to exchange rights in one part for rights in another;
and any reference to a part of an umbrella company is a reference to such of the arrangements as relate to a separate pool.
- (12G) For the purposes of subsections (12E) and (12F) above, “owner of shares" in relation to an open-ended investment company means—
- (a) the beneficial owner of the shares, or
- (b) where the shares are held on trust (other than a bare trust), the trustees of the trust, or
- (c) where the shares are comprised in the estate of a deceased person, the deceased’s personal representatives.
- (12H) For the purposes of this section—
- “*contract for differences*” has the same meaning as in paragraph 12 of Schedule 26 to the Finance Act 2002;
- “*derivative contract*” means—a contract which is a derivative contract within the meaning of that Schedule, ora contract which is, in the accounting period in question, treated as if it were a derivative contract by virtue of paragraph 36 of that Schedule (contracts relating to holdings in unit trust schemes, open-ended investment companies and offshore funds);
- “*underlying subject matter*” has the same meaning as in paragraph 11 of that Schedule.
- (13) The Treasury may by order amend subsection (9) above so as to extend or restrict the descriptions of investments of an authorised unit trust that are qualifying investments.
- (14) An order made by the Treasury under subsection (13) above may—
- (a) make different provision for different cases; and
- (b) contain such incidental, supplemental, consequential and transitional provision as the Treasury may think fit;
and, without prejudice to the generality of paragraph (b) above, such an order may make such incidental modifications of subsection (11) above as the Treasury may think fit.
#### Procedure for making election.
##### 468M
- (1) Where an interest distribution is made for a distribution period to a unit holder, any obligation to deduct under section 349(2) does not apply to the interest distribution if—
- (a) the unit holder is a company or the trustees of a unit trust scheme, or
- (b) either the residence condition or the reputable intermediary condition is on the distribution date fulfilled with respect to the unit holder.
- (2) Section 468O makes provision about the circumstances in which the residence condition or the reputable intermediary condition is fulfilled with respect to a unit holder.
##### 468N
- (1) Subsection (2) below applies where—
- (a) an interest distribution is made for a distribution period to a unit holder; and
- (b) the gross income entered in the distribution accounts for the purposes of computing the total amount available for distribution to unit holders does not derive from eligible income entirely.
- (2) Where this subsection applies, the obligation to deduct under section 349(2) shall not apply to the relevant amount of the interest distribution to the unit holder if the residence condition is on the distribution date fulfilled with respect to him.
- (3) Section 468O makes provision with respect to the circumstances in which the residence condition is fulfilled with respect to a unit holder.
- (4) This is how to calculate the relevant amount of the interest distribution—
$$R=AxBC$Where—R = the relevant amount;A = the amount of the interest distribution before deduction of tax to the unit holder in question;B = such amount of the gross income as derives from eligible income;C = the amount of the gross income.$
- (5) In subsection (4) above the references to the gross income are references to the gross income entered as mentioned in subsection (1)(b) above.
##### 468O
- (1) For the purposes of section 468M, the residence condition is fulfilled with respect to a unit holder if—
- (a) there is a valid declaration made by him that he is not ordinarily resident in the United Kingdom; or
- (b) he holds the rights as a personal representative of a unit holder and—
- (i) before his death the deceased made a declaration valid at the time of his death that he was not ordinarily resident in the United Kingdom; or
- (ii) the personal representative has made a declaration that the deceased, immediately before his death, was not ordinarily resident in the United Kingdom.
- (1A) For the purposes of section 468M, the reputable intermediary condition is fulfilled with respect to a unit holder if—
- (a) the interest distribution is paid on behalf of the unit holder to a company,
- (b) the company either is subject to the EC Money Laundering Directive, or to equivalent non-EC provisions, or is an associated company resident in a regulating country or territory of a company which is so subject, and
- (c) the trustees of the authorised unit trust have reasonable grounds for believing that the unit holder is not ordinarily resident in the United Kingdom.
- (1B) For the purposes of subsection (1A)(b) above—
- (a) a company is subject to the EC Money Laundering Directive if it is a credit institution or financial institution as defined by Article 1 of Directive [91/308/EEC](https://www.legislation.gov.uk/european/directive/1991/0308), as amended by Directive [2001/97/EC](https://www.legislation.gov.uk/european/directive/2001/0097),
- (b) a company is subject to equivalent non-EC provisions if it is required by the law of any country or territory which is not a member State to comply with requirements similar to those which, under Article 3 of that Directive (as so amended), member States must ensure are complied with by credit institutions and financial institutions,
- (c) a company is to be treated as another’s associated company if it would be so treated for the purposes of Part 11 (see section 416), and
- (d) a country or territory is a regulating country or territory if it either is a member State or imposes requirements similar to those which, under Article 3 of that Directive (as so amended), member States must ensure are complied with by credit institutions and financial institutions.
- (1C) If Directive [91/308/EEC](https://www.legislation.gov.uk/european/directive/1991/0308) ceases to have effect, or is further amended, the Treasury may by order make consequential amendments in subsections (1A) and (1B) above.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468P
- (1) A declaration made for the purposes of section 468O(1) must—
- (a) be in such form as may be required or authorised by the Board;
- (b) be made in writing to the trustees of the authorised unit trust in question; and
- (c) contain any details or undertakings required by subsection (2) or (3) below.
- (2) A declaration made as mentioned in section 468O(1)(a) or (b)(i) must contain—
- (a) the name and principal residential address of the person making it; and
- (b) an undertaking that he will notify the trustees if he becomes ordinarily resident in the United Kingdom.
- (3) A declaration made as mentioned in section 468O(1)(b)(ii) must contain the name of the deceased and his principal residential address immediately before his death.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) For the purposes of determining whether an interest distribution should be made with or without any deduction, the trustees may not treat a declaration as valid if—
- (a) they receive a notification in compliance with an undertaking under subsection (2) . . . above that the person in question has become ordinarily resident . . . in the United Kingdom; or
- (b) they come into possession of information by some other means which indicates that the person in question is or may be ordinarily resident . . . in the United Kingdom;
but, subject to that, they are entitled to treat the declaration as valid.
- (6) The trustees shall, on being required to do so by a notice given by an officer of the Board, make available for inspection by such an officer any declarations made to them under this section or any specified declaration or description of declarations.
- (7) Where a notice has been given to the trustees under subsection (6) above, the declarations shall be made available within such time as may be specified in the notice and the person carrying out the inspection may take copies of or extracts from them.
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468PA
Where—
- (a) an interest distribution is made to a unit holder by the trustees of an authorised unit trust,
- (b) the trustees, in reliance on the reputable intermediary condition being fulfilled with respect to the unit holder, do not comply with the obligation under section 349(2) to make a deduction from the interest distribution,
- (c) that obligation would apply but for that condition being so fulfilled, and
- (d) (contrary to the belief of the trustees) the unit holder is in fact ordinarily resident in the United Kingdom,
section 350 and Schedule 16 have effect as if that obligation applied.
##### 468PB
- (1) The Board may by regulations make provision for giving effect to sections 468M to 468PA.
- (2) The regulations may, in particular, include provision modifying the application of those sections in relation to interest distributions made to or received under a trust.
- (3) The regulations may, in particular, include provision for the giving by officers of the Board of notices requiring trustees of authorised unit trusts to supply information and make available books, documents and other records for inspection on behalf of the Board.
- (4) The regulations may—
- (a) make provision in relation to times before they are made,
- (b) make different provision for different cases, and
- (c) make such supplementary, incidental, consequential or transitional provision as appears to the Board to be appropriate.
### Distributions to corporate unit holder
##### 468Q
- (1) Subsection (2) below applies where—
- (a) a dividend distribution for a distribution period is made to a unit holder by the trustees of an authorised unit trust; and
- (b) on the distribution date for that distribution period the unit holder is within the charge to corporation tax.
- (2) For the purpose of computing corporation tax chargeable in the case of the unit holder the unfranked part of the dividend distribution shall be deemed—
- (a) to be an annual payment and not a dividend distribution . . . or an interest distribution; and
- (b) to have been received by the unit holder after deduction of income tax at the lower rate for the year of assessment in which the distribution date falls, from a corresponding gross amount.
- (3) This is how to calculate the unfranked part of the dividend distribution—
$$U=A×CD$Where—U = the unfranked part of the dividend distribution to the unit holder;A = the amount of the dividend distribution;. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C = such amount of the gross income as does not derive from franked investment income, as reduced by an amount equal to the trustees’ net liability to corporation tax in respect of the gross income; D = the amount of the gross income, as reduced by an amount equal to the trustees’ net liability to corporation tax in respect of the gross income;$
- (3A) Any reference in this section to the trustees’ net liability to corporation tax in respect of the gross income is a reference to the amount of the liability of the trustees of the authorised unit trust to corporation tax in respect of that gross income less the amount (if any) of any reduction of that liability which is given or falls to be given in accordance with any arrangements having effect by virtue of section 788 or by way of a credit under section 790(1).
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) Where the unit holder is on the distribution date the manager of the scheme, subsection (2) above shall not apply in so far as the rights in respect of which the dividend distribution is made are held by him in the ordinary course of his business as manager of the scheme.
- (5A) Where, in relation to a dividend distribution, any tax is deemed to have been deducted by virtue of the application of subsection (2)(b) above, the amount to which the unit holder is entitled by way of repayment of that tax shall not exceed the amount of the unit holder’s portion of the trustees’ net liability to corporation tax in respect of the gross income.
- (5B) For the purposes of subsection (5A) above the unit holder’s portion shall be determined by reference to the proportions in which unit holders have rights in the authorised unit trust in the distribution period in question.
- (5C) The trustees of the authorised unit trust shall in the appropriate statement sent to the unit holder under section 234A include a statement showing their net liability to corporation tax in respect of the gross income.
- (6) For the purposes of this section the references to the gross income are references to the gross income entered in the distribution accounts for the purpose of computing the total amount available for distribution to unit holders for the distribution period in question.
##### 468R
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 469A
- (1) The Tax Acts shall have effect in relation to any common investment fund established under section 42 of the Administration of Justice Act 1982 (common investment funds for money paid into court) as if—
- (a) the fund were an authorised unit trust;
- (b) the person who is for the time being the investment manager of the fund were the trustee of that authorised unit trust; and
- (c) the persons with qualifying interests were the unit holders in that authorised unit trust.
- (1A) For the purposes of subsection (1)(c) above, the persons with qualifying interests are—
- (a) in relation to shares in the fund held by the Accountant General, the persons whose interests entitle them, as against him, to share in the fund’s investments;
- (b) in relation to shares in the fund held by any other person authorised by the Lord Chancellor to hold such shares on behalf of others (an “authorised person”)—
- (i) if there are persons whose interests entitle them, as against the authorised person, to share in the fund’s investments, those persons;
- (ii) if not, the authorised person;
- (c) in relation to shares in the fund held by persons authorised by the Lord Chancellor to hold such shares on their own behalf, those persons.
- (2) In this section “*the Accountant General*” means . . . the Accountant General of the Supreme Court of Judicature in England and Wales or the Accountant General of the Supreme Court of Judicature of Northern Ireland.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 472A
- (1) This section applies in relation to securities—
- (a) which are held by a company carrying on a banking business, an insurance business or a business consisting wholly or partly in dealing in securities; and
- (b) which are such that a profit on their sale would form part of the trading profits of that business.
- (2) Profits and losses arising from such securities that in accordance with generally accepted accounting practice are—
- (a) calculated by reference to the fair value of the securities, and
- (b) recognised in that company's statement of recognised gains and losses or statement of changes in equity,
shall be brought into account in computing the profits or losses of a business in accordance with the provisions of this Act applicable to Case I of Schedule D.
- (3) Subsection (2) does not apply—
- (a) to an amount to the extent that it derives from or otherwise relates to an amount brought into account under that subsection in an earlier period of account, or
- (b) to an amount recognised for accounting purposes by way of correction of a fundamental error.
- (4) In this section, “securities”—
- (a) includes shares and any rights, interests or options that by virtue of section 99, 135(5) or 136(5) of the Taxation of Chargeable Gains Act 1992 are treated as shares for the purposes of sections 126 to 136 of that Act; but
- (b) does not include a loan relationship (within the meaning of Chapter 2 of Part 4 of the Finance Act 1996).
##### 477A
- (1) The Board may by regulations make provision with respect to any year of assessment requiring any building society—
- (a) in such cases as may be prescribed by the regulations to deduct out of any dividend or interest paid or credited in the year in respect of shares in, or deposits with or loans to, the society a sum representing the amount of income tax on it, and
- (b) to account for and pay any amount required to be deducted by the society by virtue of this subsection.
- (1A) Regulations under subsection (1) above may not make provision with respect to any dividend or interest paid or credited, on or after the day on which the Finance Act 1991 was passed, in respect of a security (other than a qualifying certificate of deposit and other than a qualifying deposit right) which was quoted, or capable of being listed, on a recognised stock exchange at the time the dividend or interest became payable.
- (2) Regulations under subsection (1) above may—
- (a) make provision with respect to the furnishing of information by building societies or their investors, including, in the case of societies, the inspection of books, documents and other records on behalf of the Board;
- (b) contain such incidental and consequential provisions as appear to the Board to be appropriate, including provisions requiring the making of returns.
- (2A) Without prejudice to the generality of subsection (2)(a) above, regulations under subsection (1) above may make provision with respect to the furnishing of information to or by building societies corresponding to any provision that is made by, or may be made under, section 482 with respect to the furnishing of information to or by deposit-takers.
- (3) For any year of assessment to which regulations under subsection (1) above apply, dividends or interest payable in respect of shares in, or deposits with or loans to, a building society shall be dealt with for the purposes of corporation tax as follows—
- (a) to the extent that it would not otherwise fall to be so regarded, liability to pay the dividends or interest shall be treated for the purposes of Chapter II of Part IV of the Finance Act 1996 as a liability arising under a loan relationship of the building society;
- (aa) if the dividends or interest are payable to a company, then, to the extent that they would not otherwise fall to be so regarded, they shall be treated for those purposes as payable to that company in pursuance of a right arising under a loan relationship of that company;
- (b) no part of any such dividends or interest paid or credited in the year of assessment shall be treated as a distribution of the society or as franked investment income of any company resident in the United Kingdom.
- (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) Subsection (3)(a) above shall apply to any interest paid by the society under a certified SAYE savings arrangement as if it were a dividend on a share in the society.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) Notwithstanding anything in sections 348 to 350, for any year of asessment to which regulations under subsection (1) above apply income tax shall not be deducted upon payment to the society of any interest on advances, being interest payable in that year.
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) In this section “*dividend*” has the meaning given by regulations under subsection (1) above . . . .
- (10) In this section—
- “*certified SAYE savings arrangement*” has the meaning given by section 703 of ITTOIA 2005
- “*qualifying certificate of deposit*” has the same meaning as in section 349, and
- “*qualifying deposit right*” has the meaning given by section 349(4), reading “paid” as “paid or credited”, and
- “*security*” includes share.
##### 477B
- (1) In computing for the purposes of corporation tax the income of a building society from the trade carried on by it, there shall be allowed as a deduction, if subsection (2) below applies, the incidental costs of obtaining finance by means of issuing shares in the society which are qualifying shares.
- (1A) A deduction shall not be allowed by virtue of subsection (1) above to the extent that the costs in question fall to be brought into account as debits for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships).
- (2) This subsection applies if any amount payable in respect of the shares by way of dividend or interest is deductible in computing for the purposes of corporation tax the income of the society from the trade carried on by it.
- (3) In subsection (1) above, “*the incidental costs of obtaining finance*” means expenditure on fees, commissions, advertising, printing and other incidental matters (but not including stamp duty), being expenditure wholly and exclusively incurred for the purpose of obtaining the finance (whether or not it is in fact obtained), or of providing security for it or of repaying it.
- (4) This section shall not be construed as affording relief—
- (a) for any sums paid in consequence of, or for obtaining protection against, losses resulting from changes in the rate of exchange between different currencies, or
- (b) for the cost of repaying qualifying shares so far as attributable to their being repayable at a premium or to their having been issued at a discount.
- (5) In this section—
- “*dividend*” has the same meaning as in section 477A, and
- “*qualifying share*” has the same meaning as in section 117(4) of the 1992 Act.
##### 480A
- (1) Any deposit-taker making a payment of interest in respect of a relevant deposit shall, on making the payment, deduct out of it a sum representing the amount of income tax on it for the year of assessment in which the payment is made.
- (2) Any payment of interest out of which an amount is deductible under subsection (1) above shall be a relevant payment for the purposes of Schedule 16 whether or not the deposit-taker making the payment is resident in the United Kingdom.
- (3) Schedule 16 shall apply in relation to any payment which is a relevant payment by virtue of subsection (2) above—
- (a) with the substitution for any reference to a company of a reference to a deposit-taker,
- (b) as if paragraph 5 applied only in relation to payments received by the deposit-taker and falling to be taken into account in computing his income chargeable to corporation tax, and
- (c) as if in paragraph 7 the reference to section 7(2) included a reference to sections 11(3) and 349(1).
- (4) In relation to any deposit-taker who is not a company, Schedule 16 shall have effect as if—
- (a) paragraph 5 were omitted, and
- (b) references to accounting periods were references to periods for which the deposit-taker makes up his accounts.
- (5) For the purposes of this section, crediting interest shall be treated as paying it.
##### 480B
- (1) The Board may by regulations provide that section 480A(1) shall not apply as regards a payment of interest if such conditions as may be prescribed by the regulations are fulfilled.
- (2) In particular, the regulations may include—
- (a) provision for a certificate to be supplied to the effect that the person beneficially entitled to a payment is unlikely to be liable to pay any amount by way of income tax for the year of assessment in which the payment is made;
- (b) provision for the certificate to be supplied by that person or such other person as may be prescribed by the regulations;
- (c) provision about the time when, and the manner in which, a certificate is to be supplied;
- (d) provision about the form and contents of a certificate.
- (3) Any provision included under subsection (2)(d) above may allow the Board to make requirements, in such manner as they see fit, as to the matters there mentioned.
- (4) For the purposes of this section, crediting interest shall be treated as paying it.
#### Interpretation of sections 249 and 250.
##### 480C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of Part VI.
##### 482A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### PETROLEUM EXTRACTION ACTIVITIES
##### 494AA
- (1) This section applies where—
- (a) a company (“*the seller*”) carrying on a trade has disposed of an asset which was used for the purposes of that trade, or an interest in such an asset;
- (b) the asset is used, under a lease, by the seller or a company associated with the seller (“*the lessee*”) for the purposes of a ring fence trade carried on by the lessee; and
- (c) the lessee uses the asset before the end of the period of two years beginning with the disposal.
- (2) Subject to subsection (4) below, subsection (3) below applies to so much (if any) of the expenditure incurred by the lessee under the lease as—
- (a) falls, in accordance with generally accepted accounting practice, to be treated in the accounts of the lessee as a finance charge;. . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) The expenditure shall not be allowable in computing for the purposes of Schedule D the profits of the ring fence trade.
- (4) Expenditure shall not be disallowed by virtue of subsection (3) above to the extent that the disposal referred to in subsection (1) above is made for a consideration which—
- (a) is used to meet expenditure incurred by the seller in carrying on oil extraction activities or in acquiring oil rights otherwise than from a company associated with the seller; or
- (b) is appropriated to meeting expenditure to be so incurred by the seller.
- (5) Where any expenditure—
- (a) would apart from subsection (3) above be allowable in computing for the purposes of Schedule D the profits of the ring fence trade for an accounting period, but
- (b) by virtue of that subsection is not so allowable,
that expenditure shall be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 as if it were a non-trading debit in respect of a loan relationship of the lessee for that accounting period.
- (6) In this section, “*lease*”, in relation to an asset, has the same meaning as in sections 781 to 784.
##### 494A
- (1) In section 403(3) (availability of charges, Schedule A losses and management expenses for surrender as group relief) the reference to the gross profits of the surrendering company for an accounting period does not include the company’s relevant ring fence profits for that period.
- (2) If for that period—
- (a) there are no charges on income paid by the company that are allowable under section 338, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
all the company’s ring fence profits are relevant ring fence profits.
- (3) In any other case the company’s relevant ring fence profits are so much of its ring fence profits as exceeds the amount of the charges on income paid by the company as—
- (a) are allowable under section 338 for that period, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 496A
Schedule 19B to this Act (exploration expenditure supplement) shall have effect.
##### 496B
Schedule 19C to this Act (ring fence expenditure supplement) shall have effect.
#### Meaning of “adjusted net income”
##### 501A
- (1) Where in any accounting period beginning on or after 17th April 2002 a company carries on a ring fence trade, a sum equal to 10 per cent of its adjusted ring fence profits for that period shall be charged on the company as if it were an amount of corporation tax chargeable on the company.
- (2) A company’s adjusted ring fence profits for an accounting period are the amount which, on the assumption mentioned in subsection (3) below, would be determined for that period (in accordance with this Chapter) as the profits of the company’s ring fence trade chargeable to corporation tax.
- (3) The assumption is that financing costs are left out of account in computing—
- (a) the amount of the profits or loss of any ring fence trade of the company’s for each accounting period beginning on or after 17th April 2002; and
- (b) where for any such period the whole or part of any loss relief is surrendered to the company in accordance with section 492(8), the amount of that relief or, as the case may be, that part.
- (4) For the purposes of this section, “*financing costs*” means the costs of debt finance.
- (5) In calculating the costs of debt finance for an accounting period the matters to be taken into account include—
- (a) any costs giving rise to debits in respect of debtor relationships of the company under Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) , other than debits in respect of exchange losses from such relationships (see section 103(1A) and (1B) of that Act);
- (b) any exchange gain or loss from a debtor relationship, within the meaning of that Chapter (see section 103(1A) and (1B) of that Act), in relation to debt finance;
- (c) any credit or debit falling to be brought into account under Schedule 26 to the Finance Act 2002 (derivative contracts) in relation to debt finance;
- (d) the financing cost implicit in a payment under a finance lease; and
- (e) any other costs arising from what would be considered in accordance with generally accepted accounting practice to be a financing transaction.
- (6) Where an amount representing the whole or part of a payment falling to be made by a company—
- (a) falls (or would fall) to be treated as a finance charge under a finance lease for the purposes of accounts relating to that company and one or more other companies and prepared in accordance with generally accepted accounting practice, but
- (b) is not so treated in the accounts of the company,
the amount shall be treated for the purposes of this section as financing costs falling within subsection (5)(d) above.
- (7) If—
- (a) in computing the adjusted ring fence profits of a company for an accounting period, an amount falls to be left out of account by virtue of subsection (5)(d) above, but
- (b) the whole or any part of that amount is repaid,
the repayment shall also be left out of account in computing the adjusted ring fence profits of the company for any accounting period.
- (8) In this section “*finance lease*” means any arrangements—
- (a) which provide for an asset to be leased or otherwise made available by a person to another person (“*the lessee*”), and
- (b) which, under generally accepted accounting practice,—
- (i) fall (or would fall) to be treated, in the accounts of the lessee or a person connected with the lessee, as a finance lease or a loan, or
- (ii) are comprised in arrangements which fall (or would fall) to be so treated.
- (9) For the purposes of applying subsection (8)(b) above, the lessee and any person connected with the lessee are to be treated as being companies which are incorporated in a part of the United Kingdom.
- (10) In this section “*accounts*”, in relation to a company, includes any accounts which—
- (a) relate to two or more companies of which that company is one, and
- (b) are drawn up in accordance with generally accepted accounting practice.
##### 501B
- (1) Subject to subsection (3) below, the provisions of section 501A(1) relating to the charging of a sum as if it were an amount of corporation tax shall be taken as applying, subject to the provisions of the Taxes Acts, and to any necessary modifications, all enactments applying generally to corporation tax, including—
- (a) those relating to returns of information and the supply of accounts, statements and reports;
- (b) those relating to the assessing, collecting and receiving of corporation tax;
- (c) those conferring or regulating a right of appeal; and
- (d) those concerning administration, penalties, interest on unpaid tax and priority of tax in cases of insolvency under the law of any part of the United Kingdom.
- (2) Accordingly (but without prejudice to subsection (1) above) the Management Act shall have effect as if any reference to corporation tax included a reference to a sum chargeable under section 501A(1) as if it were an amount of corporation tax.
- (3) In any regulations made under section 32 of the Finance Act 1998 (as at 17th April 2002, the Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) Regulations 1999)—
- (a) references to corporation tax do not include a reference to a sum chargeable on a company under section 501A(1) as if it were corporation tax; and
- (b) references to profits charged to corporation tax do not include a reference to adjusted ring fence profits, within the meaning of section 501A(1).
- (4) In this section “*the Taxes Acts*” has the same meaning as in the Management Act.
### Chapter 5A — Special rules for long funding leases of plant or machinery: corporation tax
### Introductory
##### 502A
This Chapter has effect for the purposes of corporation tax only.
### Lessors under long funding finance leases
##### 502B
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account in which it is the lessor of any plant or machinery under a long funding finance lease.
- (2) The amount to be brought into account as the lessor's taxable income from the lease for the period of account is the amount of the rental earnings in respect of the lease for the period of account.
- (3) The “rental earnings” for any period is the amount which, in accordance with generally accepted accounting practice, falls (or would fall) to be treated as the gross return on investment for that period in respect of the lease where it meets the finance lease test.
- (4) If the lease is one which, under generally accepted accounting practice, falls (or would fall) to be treated as a loan in the accounts in question, so much of the rentals under the lease as fall (or would fall) to be treated as interest are to be treated for the purposes of this section as rental earnings.
##### 502C
- (1) This section applies for determining for the purposes of corporation tax the profits of a company which is or has been the lessor under a long funding finance lease.
- (2) This section has effect where a profit or loss (whether of an income or capital nature)—
- (a) arises to the company in connection with the lease, and
- (b) in accordance with generally accepted accounting practice falls to be recognised for accounting purposes in a period of account, but
- (c) would not, apart from this section, be brought into account in computing the profits of the company for the purposes of corporation tax.
- (3) The profit or loss is to be treated—
- (a) in the case of a profit, as income of the company attributable to the lease,
- (b) in the case of a loss, as a revenue expense incurred by the company in connection with the lease.
- (4) Any reference in this section to an amount falling to be recognised for accounting purposes in a period of account is a reference to an amount falling to be recognised for accounting purposes—
- (a) in the company's profit and loss account or income statement,
- (b) in the company's statement of recognised gains and losses or statement of changes in equity, or
- (c) in any other statement of items brought into account in computing the company's profits or losses for that period.
##### 502D
- (1) This section applies for determining the liability to corporation tax of a company which is or has been the lessor under a long funding finance lease.
- (2) Where—
- (a) the lease terminates, and
- (b) a sum calculated by reference to the termination value is paid to the lessee,
no deduction in respect of the sum paid to the lessee is allowed in computing the profits of the company.
- (3) This section does not prevent a deduction in respect of a sum to the extent that the sum is brought into account in determining the company's rental earnings.
### Lessors under long funding operating leases
##### 502E
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account—
- (a) for the whole of which, or
- (b) for any part of which,
the company is the lessor of any plant or machinery under a long funding operating lease.
- (2) A deduction is allowed in computing the profits of the company for the period of account.
- (3) The amount of the deduction for any period of account is to be determined as follows.
- (4) First, find the “*relevant value*” for the purposes of subsection (6)(a) below, which is—
- (a) if the only use of the plant or machinery by the lessor has been the leasing of it under the long funding operating lease as a qualifying activity, cost;
- (b) if the last previous use of the plant or machinery by the lessor was the leasing of it under another long funding operating lease as a qualifying activity, market value;
- (c) if the last previous use of the plant or machinery by the lessor was the leasing of it under a long funding finance lease as a qualifying activity, the recognised value;
- (d) if the last previous use of the plant or machinery by the lessor was for the purposes of a qualifying activity other than leasing under a long funding lease, the lower of cost and market value;
- (e) if the lessor owns the plant or machinery as a result of having incurred expenditure on its provision for purposes other than those of a qualifying activity, but—
- (i) the plant or machinery is brought into use by the lessor for the purposes of a qualifying activity on or after 1st April 2006, and
- (ii) that qualifying activity is the leasing of the plant or machinery under the long funding operating lease,
the relevant value is the lower of first use market value and first use amortised value.
- (5) In subsection (4) above—
- “*cost*” means the amount of the expenditure incurred by the lessor on the provision of the plant or machinery;
- “*first use amortised value*” means the value that the plant or machinery would have at the time when it is first brought into use for the purposes of the qualifying activity, on the assumption that—the cost of acquiring the plant or machinery had been written off on a straight line basis over the remaining useful economic life of the plant or machinery, andany further capital expenditure incurred had been written off on a straight line basis over so much of the remaining economic life of the plant or machinery as remains at the time when the expenditure is incurred;
- “*first use market value*” means the market value of the plant or machinery at the time when it is first brought into use for the purposes of the qualifying activity;
- “*market value*” means the market value of the plant or machinery at the commencement of the term of the long funding operating lease;
- “*recognised value*” means the value at which the plant or machinery is recognised in the books or other financial records of the lessor at the commencement of the long funding operating lease.
- (6) From—
- (a) the relevant value determined in accordance with subsection (4) above,
subtract
- (b) the amount which, at the commencement of the term of the lease, is (or, in a case falling within subsection (4)(e) above, would have been) expected to be the residual value of the plant or machinery,
to find the expected gross reduction in value over the term of the lease.
- (7) Apportion the amount of that expected gross reduction in value to each period of account in which any part of the term of the lease falls.
- (8) The apportionment must be on a time basis according to the proportion of the term of the lease that falls in each period of account.
- (9) The amount of the deduction for any period of account is the amount so apportioned to that period.
##### 502F
- (1) This section applies if in any period of account—
- (a) a company is the lessor of any plant or machinery under a long funding operating lease,
- (b) the company incurs capital expenditure in relation to the plant or machinery, and
- (c) that capital expenditure (the “additional expenditure”) is not reflected in the market value of the plant or machinery at the commencement of the term of the lease.
- (2) In a case falling within section 502E(4)(e) above, subsection (1)(c) above has effect as if the reference to the commencement of the term of the lease were a reference to the time when the plant or machinery is first brought into use by the lessor for the purposes of the qualifying activity.
- (3) Where this section applies, an additional deduction is allowed in computing the profits of the company for each post-expenditure period of account in which the company is the lessor of the plant or machinery under the lease.
- (4) The amount of the deduction for any such period of account is to be determined as follows.
- (5) Find ARV, CRV, PRV, and TRV where—
- “ARV” is the amount which, at the time when the additional expenditure is incurred, is expected to be the residual value of the plant or machinery;
- “CRV” is the amount which, at the commencement of the term of the lease, is expected to be the residual value of the plant or machinery;
- “PRV” is the sum of any amounts that fell to be taken into account as RRV (see subsection (6)) in the application of this section in relation to any previous additional expenditure incurred by the company in relation to the leased plant or machinery;
- “TRV” is the total of CRV and PRV.
- (6) Find RRV, where—
- (a) if ARV exceeds TRV, RRV is the portion of the excess that is a result of the additional expenditure, but
- (b) if ARV does not exceed TRV, RRV is nil.
- (7) From—
- (a) the amount of the additional expenditure,
subtract
- (b) RRV,
to find the expected partial reduction in value over the remainder of the term of the lease.
- (8) Apportion the amount of that expected partial reduction in value to each post-expenditure period of account in which any part of the term of the lease falls.
- (9) The apportionment must be on a time basis according to the proportion of the term of the lease that falls in each post-expenditure period of account.
- (10) The amount of the additional deduction for any period of account is the amount so apportioned to that period.
- (11) In this section “*post-expenditure period of account*” means any period of account ending after the incurring of the additional expenditure.
##### 502G
- (1) This section applies for determining the liability to corporation tax of a company which is the lessor immediately before the termination of a long funding operating lease.
- (2) Step 1 is to find—
- (a) the termination amount (TA);
- (b) the total of any sums paid to the lessee that are calculated by reference to the termination value (LP).
- (3) Step 2 is to find—
- (a) the relevant value for the purposes of section 502E(6)(a) (RV);
- (b) the total of the deductions allowable under section 502E for periods of account for the whole or part of which the company was the lessor before the termination of the lease (TD1);
- (c) the amount, if any, (ERV) by which RV exceeds TD1.
- (4) Step 3 is to find—
- (a) the total of any amounts of capital expenditure incurred by the company which constitute additional expenditure for the purposes of section 502F in the case of the lease (TAE);
- (b) the total of any deductions allowable under section 502F for periods of account for the whole or part of which the company was the lessor before the termination of the lease (TD2);
- (c) the amount, if any, (EAE) by which TAE exceeds TD2.
- (5) Step 4 is to find the total of ERV and EAE (T).
- (6) If (TA – LP) exceeds T, treat a profit of an amount equal to the excess as arising to the company in the period of account in which the lease terminates.
- (7) If T exceeds (TA – LP), treat a loss of an amount equal to the excess as arising to the company in that period of account.
- (8) A profit or loss treated as arising to the company under subsection (6) or (7) above is to be treated—
- (a) in the case of a profit, as income of the company attributable to the lease,
- (b) in the case of a loss, as a revenue expense incurred by the company in connection with the lease.
- (9) In computing the profits of the company, no deduction is allowed in respect of any sums paid to the lessee that are calculated by reference to the termination value.
### Lessors under long funding finance or operating leases: avoidance etc
#### Meaning of “adjusted net income”
##### 502GA
- (1) Sections 502B to 502G do not apply in the case of a company which is or has been the lessor of any plant or machinery under a long funding lease if the following condition is met.
- (2) The condition is that any part of the expenditure incurred by the company on the acquisition of the plant or machinery for leasing under the lease—
- (a) is (apart from those sections) allowable as a deduction in calculating its profits or losses for the purposes of corporation tax, and
- (b) is so allowable as a result of the plant or machinery forming part of its trading stock.
- (3) For the purposes of this section the cases in which expenditure incurred by a company on the acquisition of any plant or machinery for leasing under a lease is allowable as such a deduction include any case where—
- (a) the company becomes entitled to the deduction at any time after the expenditure is incurred, and
- (b) the deduction arises as a result of the plant or machinery forming part of its trading stock at that time.
- (4) If—
- (a) at any time any of sections 502B to 502G has applied for determining the amounts to be taken into account in calculating the profits or losses of the company for the purposes of corporation tax, and
- (b) the condition in subsection (2) is met at any subsequent time,
those amounts, and any other amounts which (as a result of this section) are to be so taken into account, are subject to such adjustments as are just and reasonable.
- (5) All such assessments and adjustments of assessments are to be made as are necessary to give effect to subsection (4).
##### 502GB
- (1) This section applies if—
- (a) a company is the lessee of any plant or machinery under a lease (“lease A”) that is not a long funding lease,
- (b) it enters into a lease (“lease B”) of any of that plant or machinery (as lessor), and
- (c) lease B is a long funding lease.
- (2) Sections 502B to 502G do not apply in relation to lease B.
- (3) If by virtue of section 70H of the Capital Allowances Act (tax return by lessee treating lease as long funding lease) lease A becomes a long funding lease (and does not cease to be such a lease), treat this section as never having applied in relation to lease B.
##### 502GC
- (1) Sections 502B to 502G do not apply in the case of a company which is or has been the lessor of any plant or machinery under a long funding lease if conditions A to C are met.
- (2) Condition A is that the long funding lease forms part of any arrangement entered into by the company which includes one or more other transactions (whether the arrangement is entered into before or after or at the inception of the lease).
- (3) Condition B is that the main purpose, or one of the main purposes, of the arrangement is to secure that, over the relevant period, there would be a substantial difference between—
- (a) the total amount of the amounts under the arrangement which are, in accordance with generally accepted accounting practice, recognised in determining the company's profit or loss for any period or taken into account in calculating the amounts which are so recognised, and
- (b) the total amount of the amounts under the arrangement which are taken into account in calculating the profits or losses of the company for the purposes of corporation tax.
- (4) For the purposes of condition B “*the relevant period*” means the period which begins with the inception of the lease and ends with the end of the term of the lease.
- (5) Condition C is that the difference would be attributable (wholly or partly) to the application of any of sections 502B to 502G in relation to the company by reference to the plant or machinery under the lease.
- (6) The reference in this section to an amount being recognised in determining a company's profit or loss for a period is to an amount being recognised for accounting purposes—
- (a) in the company's profit and loss account or income statement,
- (b) in the company's statement of recognised gains and losses or statement of changes in equity, or
- (c) in any other statement of items brought into account in calculating the company's profits and losses for that period.
- (7) For the purposes of this section it does not matter whether the parties to any transaction which forms part of the arrangement differ from the parties to any of the other transactions.
- (8) For the purposes of this section the cases in which two or more transactions are to be taken as forming part of an arrangement include any case in which it would be reasonable to assume that one or more of them—
- (a) would not have been entered into independently of the other or others, or
- (b) if entered into independently of the other or others, would not have taken the same form or been on the same terms.
- (9) If—
- (a) at any time any of sections 502B to 502G has applied for determining the amounts to be taken into account in calculating the profits or losses of the company for the purposes of corporation tax, and
- (b) conditions A to C are met at any subsequent time,
those amounts, and any other amounts which (as a result of this section) are to be so taken into account, are subject to such adjustments as are just and reasonable.
- (10) All such assessments and adjustments of assessments are to be made as are necessary to give effect to subsection (9).
##### 502GD
- (1) If a company is or has been a lessor under a long funding lease of a film, sections 502B to 502G do not apply in respect of the lease.
- (2) “*Film*” has the same meaning as in Part 15 of CTA 2009 (see section 1181 of that Act).
### Insurance company as lessor
##### 502H
- (1) This section applies to a company carrying on life assurance business if it is the lessor under a long funding lease in a period of account.
- (2) In this section—
- (a) subsections (3) to (7) have effect in relation to—
- (i) basic life assurance and general annuity business, and
- (ii) long-term business which is not life assurance business, and
- (b) subsections (8) to (10) have effect in relation to certain computations falling to be made in accordance with the provisions of this Act applicable to Case I of Schedule D.
- (3) Subsection (4) below applies in the case of each of the following amounts—
- (a) an amount of rental earnings which the company is required by section 502B (long funding finance lease) to bring into account as taxable income,
- (b) an amount treated under section 502C(3)(a) (long funding finance lease: lessor's exceptional items) as a profit arising to the company,
- (c) an amount of rental income arising to the company from a long funding operating lease,
- (d) an amount treated under section 502G(8)(a) (long funding operating lease: lessor's excess termination amount) as a profit arising to the company,
but only if the leased asset is an asset of the company's long-term insurance fund.
- (4) In determining for the purposes of the Corporation Tax Acts in any such case the extent to which any such amount is referable to—
- (a) basic life assurance and general annuity business, or
- (b) long-term business which is not life assurance business,
section 432A (apportionment of insurance companies' income) is to have effect in relation to the amount as it has effect in relation to the income arising from an asset.
This subsection is subject to subsections (5) and (6) below.
- (5) Before applying subsection (4) above in a case where—
- (a) that subsection applies by virtue of subsection (3)(a) above in relation to an amount of rental earnings, and
- (b) there is an amount which is deductible as a revenue expense by virtue of section 502C(3)(b) (long funding finance lease: lessor's exceptional items),
the amount so deductible is to be given effect by applying it, so far as possible, in reducing the amount of the rental earnings.
- (6) Before applying subsection (4) above by virtue of subsection (3)(c) above in relation to an amount of rental income,—
- (a) any deduction falling to be made under section 502E, or
- (b) any reduction falling to be made under section 502F,
is to be given effect by applying it, so far as possible, in reducing (or further reducing) the amount of the rental income.
- (7) Where, after applying amounts in making reductions required by subsection (5) or (6) above, there remains unapplied an amount in respect of—
- (a) a deduction falling to be made under section 502E,
- (b) a reduction falling to be made under section 502F, or
- (c) an amount deductible as a revenue expense by virtue of section 502C(3)(b),
the amount is to be apportioned under section 432A in the same way as income.
- (8) Where—
- (a) the leased asset is an asset of the company's long-term insurance fund, and
- (b) a computation falling within subsection (9) below falls to be made,
subsection (10) below applies to the computation.
- (9) A computation falls within this subsection if it is a computation of profits of—
- (a) life assurance business carried on by the company, or
- (b) any category of life assurance business carried on by the company,
and falls to be made in accordance with the provisions of this Act applicable to Case I of Schedule D.
- (10) In making the computation, no amount shall be brought into account by virtue of any of the following provisions—
- (a) section 502B (long funding finance lease: rental earnings),
- (b) section 502C(3)(a) or (b) (long funding finance lease: profit or loss in respect of exceptional items),
- (c) section 502E (long funding operating lease: periodic deduction),
- (d) section 502F (long funding operating lease: lessor's additional expenditure),
- (e) section 502G(8)(a) or (b) (long funding operating lease: lessor's profit or loss in respect of termination amount).
### Lessees under long funding finance leases
#### Elections as to transfer of relief under section 257A or 257AB.
##### 502I
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account in which it is the lessee of any plant or machinery under a long funding finance lease.
- (2) In calculating the company's profits for the period of account,—
- (a) the amount deducted in respect of amounts payable under the lease,
must not exceed
- (b) the amounts which, in accordance with generally accepted accounting practice, fall (or would fall) to be shown in the company's accounts as finance charges in respect of the lease.
- (3) If the lease is one which, under generally accepted accounting practice, falls (or would fall) to be treated as a loan, subsection (2) above applies as if the lease were one which, under generally accepted accounting practice, fell to be treated as a finance lease.
##### 502J
- (1) This section applies where—
- (a) a company is or has been the lessee under a long funding finance lease, and
- (b) in connection with the termination of the lease, a payment calculated by reference to the termination value falls to be made to the company.
- (2) The payment is not to be brought into account in determining for the purposes of corporation tax the profits of the company for any period of account.
- (3) Subsection (2) above does not affect the amount of any disposal value that falls to be brought into account by the company under the Capital Allowances Act.
### Lessees under long funding operating leases
##### 502K
- (1) This section applies for determining for the purposes of corporation tax the profits of a company for any period of account in which it is the lessee of any plant or machinery under a long funding operating lease.
- (2) The deductions that may be allowed in computing the profits of the company for the period of account are to be reduced in accordance with the following provisions of this section.
- (3) The amount of the reduction for any period of account is to be determined as follows.
- (4) First, find the “*relevant value*” for the purposes of subsection (6)(a) below, which is—
- (a) the market value of the plant or machinery at the commencement of the term of the lease, unless paragraph (b) below applies;
- (b) if the lessee—
- (i) has the use of the plant or machinery as a result of having incurred expenditure on its provision for purposes other than those of a qualifying activity, but
- (ii) brings the plant or machinery into use for the purposes of a qualifying activity on or after 1st April 2006,
the lower of first use market value and first use amortised market value.
- (5) In subsection (4) above—
- “*first use amortised market value*” means the value that the plant or machinery would have—at the time when it is first brought into use for the purposes of the qualifying activity, buton the assumption that the market value of the plant or machinery at the commencement of the term of the lease had been written off on a straight line basis over the remaining useful economic life of the plant or machinery;
- “*first use market value*” means the market value of the plant or machinery at the time when it is first brought into use for the purposes of the qualifying activity.
- (6) From—
- (a) the relevant value determined in accordance with subsection (4) above,
subtract
- (b) the amount which, at the commencement of the term of the lease, is (or, in a case falling within subsection (4)(b) above, would have been) expected to be the market value of the plant or machinery at the end of the term of the lease,
to find the expected gross reduction over the term of the lease.
- (7) Apportion the amount of that expected gross reduction to each period of account in which any part of the term of the lease falls.
- (8) The apportionment must be on a time basis according to the proportion of the term of the lease that falls in each period of account.
- (9) The amount of the reduction for any period of account is the amount so apportioned to that period.
### Interpretation of Chapter
##### 502L
- (1) This section has effect for the interpretation of this Chapter.
- (2) In this Chapter—
- “*qualifying activity*” has the same meaning as in Part 2 of the Capital Allowances Act;
- “*residual value*”, in relation to any plant or machinery leased under a long funding operating lease, means—the estimated market value of the plant or machinery on a disposal at the end of the term of the lease,lessthe estimated costs of that disposal.
- (3) Any reference in this Chapter to a sum being written off on a straight line basis over a period of time (the “writing-off period”) is a reference to—
- (a) the sum being apportioned between each of the periods of account in which any part of the writing-off period falls,
- (b) that apportionment being made on a time basis, according to the proportion of the writing-off period that falls in each of the periods of account, and
- (c) the sum being written off accordingly.
- (4) Chapter 6A of Part 2 of the Capital Allowances Act (interpretation of provisions about long funding leases) applies in relation to this Chapter as it applies in relation to that Part.
##### 504A
- (1) For the purposes specified in subsection (2)—
- (a) a UK property business which consists in, or so far as it consists in, the commercial letting of furnished holiday accommodation is treated as if it were a trade the profits of which are chargeable to income tax under Part 2 of ITTOIA 2005, and
- (b) all such lettings made by a particular person or partnership or body of persons are treated as one trade.
The “*commercial letting of furnished holiday accommodation*” has the same meaning as it has for the purposes of Chapter 6 of Part 3 of ITTOIA 2005.
- (2) Subsection (1) applies for the purposes of—
- (a) Chapter 1 of Part 10 (loss relief for income tax),
- (b) section 833(4)(c) (income regarded as earned income), and
- (c) section 189(2)(b) of the Finance Act 2004 (income regarded as relevant UK earnings for pension purposes).
- (3) Chapter 1 of Part 10 as applied by this section has effect with the following adaptations—
- (a) no relief is to be given to an individual under section 381 (relief for losses in early years of trade) in respect of a year of assessment if any of the accommodation in respect of which the trade is carried on in that year was first let by that person as furnished accommodation more than three years before the beginning of that year of assessment;
- (b) section 384 (restrictions on right of set-off) has effect with the omission of subsections (6) to (8) (which relate to certain losses attributable to capital allowances);
- (c) section 390 (treatment of interest as loss) has effect as if the reference to a trade carried on wholly or partly in the United Kingdom were a reference to the UK property business so far as it is treated as a trade.
- (4) If there is a letting of accommodation only part of which is holiday accommodation, such apportionments are to be made for the purposes of this section as are just and reasonable.
- (5) Relief is not to be given for the same loss, or the same portion of a loss, both under a provision of Chapter 1 of Part 10 as applied by this section and under any other provision of the Income Tax Acts.
#### Transfer of relief under section 257A where relief exceeds income.
#### Transfer of relief under section 257A.
##### 506A
- (1) This section applies to the following transactions—
- (a) the sale or letting of property by a charity to a substantial donor,
- (b) the sale or letting of property to a charity by a substantial donor,
- (c) the provision of services by a charity to a substantial donor,
- (d) the provision of services to a charity by a substantial donor,
- (e) an exchange of property between a charity and a substantial donor,
- (f) the provision of financial assistance by a charity to a substantial donor,
- (g) the provision of financial assistance to a charity by a substantial donor, and
- (h) investment by a charity in the business of a substantial donor.
- (2) For the purposes of this section a person is a substantial donor to a charity in respect of a chargeable period if—
- (a) the charity receives relievable gifts of at least £25,000 from him in a period of 12 months in which the chargeable period wholly or partly falls, or
- (b) the charity receives relievable gifts of at least £100,000 from him in a period of six years in which the chargeable period wholly or partly falls;
and if a person is a substantial donor to a charity in respect of a chargeable period by virtue of paragraph (a) or (b), he is a substantial donor to the charity in respect of the following five chargeable periods.
- (3) A payment made by a charity to a substantial donor in the course of or for the purposes of a transaction to which this section applies shall be treated for the purposes of section 505 as non-charitable expenditure.
- (4) If the terms of a transaction to which this section applies are less beneficial to the charity than terms which might be expected in a transaction at arm's length, the charity shall be treated for the purposes of section 505 as incurring non-charitable expenditure equal to that amount which the Commissioners for Her Majesty's Revenue and Customs determine as the cost to the charity of the difference in terms.
- (5) A payment by a charity of remuneration to a substantial donor shall be treated for the purposes of section 505 as non-charitable expenditure unless it is remuneration, for services as a trustee, which is approved by—
- (a) the Charity Commission,
- (b) another body with responsibility for regulating charities by virtue of legislation having effect in respect of any Part of the United Kingdom, or
- (c) a court.
##### 506B
- (1) Section 506A shall not apply to a transaction within section 506A(1)(b) or (d) if the Commissioners for Her Majesty's Revenue and Customs determine that the transaction—
- (a) takes place in the course of a business carried on by the substantial donor,
- (b) is on terms which are no less beneficial to the charity than those which might be expected in a transaction at arm's length, and
- (c) is not part of an arrangement for the avoidance of any tax.
- (2) Section 506A shall not apply to the provision of services to a substantial donor if the Commissioners determine that the services are provided—
- (a) in the course of the actual carrying out of a primary purpose of the charity, and
- (b) on terms which are no more beneficial to the substantial donor than those on which services are provided to others.
- (3) Section 506A shall not apply to the provision of financial assistance to a charity by a substantial donor if the Commissioners determine that the assistance—
- (a) is on terms which are no less beneficial to the charity than those which might be expected in a transaction at arm's length, and
- (b) is not part of an arrangement for the avoidance of any tax.
- (4) Section 506A shall not apply to investment by a charity in the business of a substantial donor where the investment takes the form of the purchase of shares or securities listed on a recognised stock exchange.
- (5) A disposal at an undervalue to which section 587B applies shall not be a transaction to which section 506A applies (but may be taken into account in the application of section 506A(2)).
- (6) A disposal at an undervalue to which section 257(2) of the 1992 Act (gifts of chargeable assets) applies shall not be a transaction to which section 506A applies (but may be taken into account in the application of section 506A(2)).
- (7) In the application of section 506A payments by a charity, or benefits arising to a substantial donor from a transaction, shall be disregarded in so far as they—
- (a) relate to a donation by the donor, and
- (b) do not exceed the relevant limit in relation to the donation for the purposes of section 339 or section 25 of the Finance Act 1990.
- (8) A company which is wholly owned by a charity within the meaning of section 339(7AB) shall not be treated as a substantial donor in relation to the charity which owns it (or any of the charities which own it).
- (9) A registered social landlord or housing association shall not be treated as a substantial donor in relation to a charity with which it is connected; and for that purpose—
- (a) “*registered social landlord or housing association*” means a body entered on a register maintained under—
- (i) section 1 of the Housing Act 1996,
- (ii) section 57 of the Housing (Scotland) Act 2001, or
- (iii) Article 14 of the Housing (Northern Ireland) Order 1992, and
- (b) a body and a charity are connected if (and only if)—
- (i) the one is wholly owned, or subject to control, by the other, or
- (ii) both are wholly owned, or subject to control, by the same person.
##### 506C
- (1) A gift is “*relievable*” for the purposes of section 506A(2) if relief is available in respect of it under—
- (a) section 83A,
- (b) section 339,
- (c) sections 587B and 587C,
- (d) section 25 of the Finance Act 1990 (individual gift aid),
- (e) section 257 of the 1992 Act (gifts of chargeable assets),
- (f) section 63 of the Capital Allowances Act (gifts of plant and machinery),
- (g) sections 713 to 715 of ITEPA 2003 (payroll giving),
- (h) section 108 of ITTOIA 2005 (gifts of trading stock), or
- (i) sections 628 and 630 of ITTOIA 2005 (gifts from settlor-interested trusts).
- (2) A charity is treated as incurring expenditure in accordance with section 506A(4) at such time (or times) as the Commissioners determine.
- (3) Section 506A applies to a transaction entered into in a chargeable period with a person who is a substantial donor in respect of that period, even if it was not until after the transaction was entered into that he first satisfied the definition of “substantial donor” in respect of that period.
- (4) Either or both of subsections (3) and (4) of section 506A may be applied to a single transaction; but any amount of non-charitable expenditure which a charity is treated as incurring under section 506A(3) in respect of a transaction shall be deducted from any amount which it would otherwise be treated as incurring under section 506A(4) in respect of the transaction.
- (5) Two or more connected charities shall be treated as a single charity for the purposes of section 506A and 506B and this section; and for this purpose “*connected*” means connected in a matter relating to the structure, administration or control of a charity.
- (6) Where remuneration is paid otherwise than in money, section 506A(5) shall apply as to a payment in money of the amount that would, under Part 3 of ITEPA 2003, be the cash equivalent of the remuneration as a benefit.
- (7) In sections 506A and 506B and this section—
- (a) a reference to a substantial donor or other person includes a reference to a person connected with him within the meaning of section 839,
- (b) “*financial assistance*” includes, in particular—
- (i) the provision of a loan, guarantee or indemnity, and
- (ii) entering into alternative finance arrangements within the meaning of section 46 of the Finance Act 2005, and
- (c) a reference to a gift of a specified amount includes a reference to a non-monetary gift of that value.
- (8) On an appeal against an assessment the Special Commissioners may review a decision of the Commissioners in connection with section 506A.
- (9) The Treasury may by regulations vary a sum, or a period of time, specified in section 506A(2).
#### Transfer of relief under section 257A where relief exceeds income or 257AB.
##### 508A
- (1) Where any company that is an investment trust has eligible rental income for any accounting period—
- (a) the rate of corporation tax chargeable for any financial year on the trust’s housing investment profits for that period shall be deemed to be the small companies’ rate for that year; and
- (b) its housing investment profits for that period shall be treated for the purposes of section 13 as excluded from its basic profits for that period.
- (2) For the purposes of this section—
- (a) a company’s eligible rental income for any period is so much of its income for that period as consists in rents or other receipts deriving from lettings by the company of eligible properties; and
- (b) its housing investment profits for any period are so much of its profits for that period as represents the amount chargeable to tax under Schedule A in respect of its eligible rental income for that period.
- (3) In computing the amount mentioned in subsection (2)(b) above for any period, deductions shall be made which (except in so far as they exceed the amount from which they are deducted) are, in aggregate, not less than the sum of the following amounts—
- (a) every amount which is both—
- (i) deductible (otherwise than as a debit brought into account under Chapter II of Part IV of the Finance Act 1996) in the computation of any income of the company, or of its total profits, for that period, and
- (ii) referable to, or to activities connected with, the letting by the company on assured tenancies of dwelling-houses that are eligible properties when so let,
- (b) any amount that is so referable that would represent a non-trading deficit on the company’s loan relationships for that period.
- (4) For the purposes of subsection (3) above any question—
- (a) whether for any period there is an amount referable to any matter that would represent a non-trading deficit on a company’s loan relationships, or
- (b) as to what that amount is for that period,
shall be determined by computing whether and to what extent there would for that period have been a non-trading deficit on the company’s loan relationships if debits and credits fell to be brought into account under Chapter II of Part IV of the Finance Act 1996 to the extent only that they are referable to that matter.
##### 508B
- (1) In section 508A “*eligible property*”, in relation to a company, means (subject to the following provisions of this section) any dwelling-house as respects which the following conditions are satisfied—
- (a) the company first acquired an interest in the dwelling-house on or after 1st April 1996;
- (b) that interest was not, at the time when it was acquired, subject to any letting or to any statutory tenancy;
- (c) at that time no arrangements had been made by the company or any person connected with it for the letting of the dwelling-house;
- (d) the interest of the company in the dwelling-house is a freehold interest or an interest under a long lease at a low rent;
- (e) the consideration given by the company for the acquisition of its interest in the dwelling-house did not exceed—
- (i) £125,000, in the case of a dwelling-house in Greater London, or
- (ii) £85,000, in any other case;
- (f) the dwelling-house is let by the company under an assured tenancy and is neither—
- (i) let by the company in consideration of a premium within the meaning of Schedule 8 to the 1992 Act, nor
- (ii) a dwelling-house in respect of which the person to whom it is let or any associate of his has been granted any option to purchase.
- (2) For the purposes of paragraph (b) of subsection (1) above, no account shall be taken of any shorthold tenancy or statutory shorthold tenancy to which the interest became subject before the time when it was acquired.
- (3) For the purposes of paragraph (c) of subsection (1) above, no account shall be taken of any arrangements made by a person connected with the company in question before the time when the interest was acquired by the company if—
- (a) that person had an interest in the dwelling-house when he made those arrangements;
- (b) that person did not dispose of his interest at any time after the arrangements were entered into and before the company acquired its interest; and
- (c) the arrangements were such as to confer a relevant entitlement on a person who, at the time when the company acquired its interest, was a tenant under any shorthold tenancy of the dwelling-house (or any part of it).
- (4) For the purposes of subsection (3)(c) above a relevant entitlement is an entitlement of a tenant under a shorthold tenancy of any premises, on the coming to an end of that tenancy, to such a further tenancy of the same or substantially the same premises as will itself be a shorthold tenancy.
- (5) For the purposes of this section the consideration given by a company for the acquisition of an interest in a dwelling-house shall be taken (subject to subsection (6) below) to include—
- (a) any amount expended by the company on the construction or renovation of the dwelling-house or on any conversion by virtue of which that dwelling-house came to be usable as such;
- (b) any amount so expended by a person connected with the company; and
- (c) any consideration given by a person connected with the company for the acquisition of any such interest in the dwelling-house as—
- (i) is subsequently acquired by the company, or
- (ii) is held by such a person at the same time as the company holds its interest in the premises.
- (6) Where a company has acquired any interest in a dwelling house from a person connected with that company—
- (a) amounts expended by that person as mentioned in paragraph (a) of subsection (5) above, and
- (b) the amount of any consideration given by that person for an interest in the dwelling-house,
shall be treated by virtue of that subsection as included in the consideration given by the company to the extent only that the aggregate of those amounts exceeds the consideration given by that company to that person for the interest acquired from that person by the company.
- (7) In section 508A and this section—
- “*associate*” has the meaning given by subsections (3) and (4) of section 417;
- “*assured tenancy*” means—any letting which is an assured tenancy for the purposes of the Housing Act 1988 or the Housing (Scotland) Act 1988, orany tenancy in Northern Ireland which complies with such requirements or conditions as may be prescribed by regulations made by the Department of the Environment for Northern Ireland;
- “*letting*” includes a letting by virtue of an agreement for a lease or under a licence, and “*let*” shall be construed accordingly;
- “*long lease*”, in relation to the interest of a company in any dwelling-house, means a lease for a term of years certain of which at least 21 years remains unexpired at the time when that interest was acquired by the company;
- “*low rent*” means a rent at an annual rate not exceeding—£1,000, in the case of a dwelling-house in Greater London; and£250, in any other case;
- “*rent*” has the same meaning as it has for the purposes of Schedule A in its application to companies within the charge to corporation tax;
- “*shorthold tenancy*” means any letting which is an assured shorthold tenancy for the purposes of the Housing Act 1988 or a short assured tenancy for the purposes of the Housing (Scotland) Act 1988;
- “*statutory shorthold tenancy*” means—a statutory periodic tenancy within the meaning of the Housing Act 1988 which arose on the coming to an end of an assured shorthold tenancy which was a fixed term tenancy, ora statutory assured tenancy within the meaning of the Housing (Scotland) Act 1988 which arose on the coming to an end of a short assured tenancy;
- “*statutory tenancy*”—in relation to England and Wales, has the same meaning as in the Rent Act 1977;in relation to Scotland, has the same meaning as in the Rent (Scotland) Act 1984; andin relation to Northern Ireland, has the same meaning as in the Rent (Northern Ireland) Order 1978.
- (8) Section 839 shall apply for the purposes of this section.
- (9) Section 508A shall have effect where—
- (a) a company acquires an interest in any dwelling-house, and
- (b) a person connected with the company has previously acquired an interest in the dwelling-house, being an interest subsequently acquired by the company or one held by that person at the same time as the company holds its interest,
as if references in this section (except in subsection (3) above) to the time when the company first acquired an interest in the premises included references to the time when the person connected with the company first acquired his interest.
- (10) The Treasury may, if they think fit, by order vary the figures for the time being specified in paragraph (e) of subsection (1) above; and an order under this subsection may make different provision for different localities in Greater London or elsewhere.
- (11) In the application of this section to Scotland—
- (a) references to acquiring an interest shall be construed, if there is a contract to acquire the interest, as references to entering into that contract;
- (b) references to the freehold interest shall be construed as references to the estate or interest of the proprietor of the*dominium utile* or, in the case of property other than feudal property, of the owner;
- (c) in the definition of “long lease” in subsection (7) above, the word “certain” shall be omitted.
- (12) Regulations made for the purposes of paragraph (b) of the definition of “assured tenancy” in subsection (7) above shall be made by statutory rule for the purposes of the Statutory Rules (Northern Ireland) Order 1979, and shall be subject to negative resolution within the meaning of section 41(6) of the Interpretation Act (Northern Ireland) 1954.
##### 510A
- (1) In this section “*grouping*” means a European Economic Interest Grouping formed in pursuance of Council Regulation [(EEC) No. 2137/85](https://www.legislation.gov.uk/european/regulation/1985/2137) of 25th July 1985, whether registered in Great Britain, in Northern Ireland, or elsewhere.
- (2) Subject to the following provisions of this section, for the purposes of charging tax in respect of income and gains a grouping shall be regarded as acting as the agent of its members.
- (3) In accordance with subsection (2) above—
- (a) for the purposes mentioned in that subsection the activities of the grouping shall be regarded as those of its members acting jointly and each member shall be regarded as having a share of its property, rights and liabilities; and
- (b) for the purposes of charging tax in respect of chargeable gains a person shall be regarded as acquiring or disposing of a share of the assets of the grouping not only where there is an acquisition or disposal of assets by the grouping while he is a member of it, but also where he becomes or ceases to be a member of a grouping or there is a change in his share of the property of the grouping ;
but paragraph (a) above is subject to subsection (6A) below.
- (4) Subject to subsection (5) below, for the purposes of this section a member’s share of any property, rights or liabilities of a grouping shall be determined in accordance with the contract under which the grouping is established.
- (5) Where the contract does not make provision as to the shares of members in the property, rights or liabilities in question a member’s share shall be determined by reference to the share of the profits of the grouping to which he is entitled under the contract (and if the contract makes no provision as to that, the members shall be regarded as having equal shares).
- (6) . . . Where any trade or profession is carried on by a grouping it shall be regarded for the purposes of charging tax in respect of income and gains as carried on in partnership by the members of the grouping.
- (6A) Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) shall have effect in relation to a grouping as it has effect in relation to a partnership (see in particular section 87A of, and paragraphs 19 and 20 of Schedule 9 to, that Act).
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 519A
- (1) A health service body—
- (a) shall be exempt from income tax in respect of its income, and
- (b) shall be exempt from corporation tax,
and, so far as the exemption from income tax conferred by this subsection calls for repayment of tax, effect shall be given thereto by means of a claim.
- (2) In this section “*health service body*” means—
- (a) a Strategic Health Authority or a Health Authority established under section 8 of the National Health Service Act 1977;
- (aa) a Special Health Authority established under section 11 of that Act;
- (ab) a Primary Care Trust;
- (aba) a Local Health Board;
- (b) a National Health Service trust established under Part I of the National Health Service and Community Care Act 1990;
- (bb) an NHS foundation trust
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (d) a Health Board or Special Health Board, the Common Services Agency for the Scottish Health Service and a National Health Service trust respectively constituted under sections 2, 10 and 12A of the National Health Service (Scotland) Act 1978;
- (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (f) the Dental Practice Board;
- (g) the Scottish Dental Practice Board; . . .
- (h) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (i) a Health and Social Services Board and the Northern Ireland Central Services Agency for the Health and Social Services established under Articles 16 and 26 respectively of the Health and Personal Social Services (Northern Ireland) Order 1972;
- (j) a special health and social services agency established under the Health and Personal Social Services (Special Agencies) (Northern Ireland) Order 1990; and
- (k) a Health and Social Services trust established under the Health and Personal Social Services (Northern Ireland) Order 1991.
- (3) The Treasury may by order disapply subsection (1)(b) in relation to a specified activity, or class of activity, of an NHS foundation trust.
- (4) An order under subsection (3) shall make provision for determining the amount of the profits relating to an activity that are to be charged to corporation tax as a result of the disapplication of subsection (1)(b).
- (5) An order under subsection (3) may, in particular—
- (a) make provision for disregarding profits of less than a specified amount in respect of a financial year or accounting period or a specified part of a financial year or accounting period;
- (b) make provision for disregarding a specified part of profits in respect of a financial year or accounting period or a specified part of a financial year or accounting period;
- (c) make provision for disregarding all or part of profits relating to activity in respect of which receipts or turnover (as defined by the order) are less than a specified amount in respect of a financial year or accounting period or a specified part of a financial year or accounting period.
- (6) An order under subsection (3)—
- (a) may apply, with or without modification, a provision of the Tax Acts,
- (b) may disapply a provision of the Tax Acts,
- (c) may make provision similar to a provision of the Tax Acts, and
- (d) may make provision generally or in relation to a specified body or class of bodies.
- (7) The Treasury may make an order under subsection (3) only—
- (a) in relation to an activity or class of activity that appears to the Treasury to be of a commercial nature,
- (b) where it appears to the Treasury to be expedient for the purpose of avoiding, removing or reducing differences between—
- (i) the fiscal treatment of the body undertaking the activity, and
- (ii) the fiscal treatment of another body or class of body which is of a commercial nature and which undertakes or might undertake the same or a similar activity, and
- (c) if a draft has been laid before, and approved by resolution of, the House of Commons.
- (8) An activity authorised under section 14(1) of the Health and Social Care (Community Health and Standards) Act 2003 shall not be treated as an activity of a commercial nature for the purposes of subsection (7)(a).
#### Life assurance premiums.
#### Indexation of amounts in sections 257 , 257A and 257AB.
#### Transitional relief: the elderly.
#### Transfer of reliefs.
#### Expenditure and houses of ministers of religion.
### Designs
##### 537A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 537B
- (1) Where the usual place of abode of the owner of a right in a design is not within the United Kingdom, section 349(1) shall apply to any payment of or on account of any royalties or sums paid periodically for or in respect of that right as it applies to annual payments not payable out of profits or gains brought into charge to income tax.
- (2) In subsection (1) above—
- (a) “*right in a design*” means design right or the right in a registered design,
- (b) the reference to the owner of a right includes a person who, notwithstanding that he has assigned the right to some other person, is entitled to receive periodical payments in respect of the right, and
- (c) the reference to royalties or other sums paid periodically for or in respect of a right does not include royalties or sums paid in respect of articles which . . . have been exported from the United Kingdom for distribution outside the United Kingdom.
- (3) Where a payment to which subsection (1) above applies is made through an agent resident in the United Kingdom and that agent is entitled as against the owner of the right to deduct any sum by way of commission in respect of services rendered, the amount of the payment shall for the purpose of section 349(1) be taken to be diminished by the sum which the agent is entitled to deduct.
- (4) Where the person by or through whom the payment is made does not know that any such commission is payable or does not know the amount of any such commission, any income tax deducted by or assessed and charged on him shall be computed in the first instance on, and the account to be delivered of the payment shall be an account of, the total amount of the payment without regard being had to any diminution thereof . . . .
- (5) The time of the making of a payment to which subsection (1) above applies shall, for all tax purposes, be taken to be the time when it is made by the person by whom it is first made and not the time when it is made by or through any other person.
- (6) Any agreement for the making of any payment to which subsection (1) above applies in full and without deduction of income tax shall be void.
#### Aggregation of wife’s income with husband’s.
##### 539ZA
- (1) This section applies where, for the purposes of determining the application of this Chapter in relation to a policy or contract at any time, it is necessary to have regard to its application at another time.
- (2) It makes no difference to the application of this Chapter at that other time whether liability in respect of a gain arising at that time would have arisen or (as the case may be) would arise because of the application of this Chapter or Chapter 9 of Part 4 of ITTOIA 2005 (which makes provision for income tax purposes corresponding to that made by this Chapter).
- (3) References in this section to this Chapter include references to paragraph 20 of Schedule 15 to this Act and section 79 of the Finance Act 1997 (payments under certain life insurance policies).
##### 539A
- (1) The conditions mentioned in section 539(2)(f) (excepted group life policies) are those set out in the following provisions of this section.
- (2) Condition 1 is that under the terms of the policy a sum or other benefit of a capital nature is payable or arises on the death of each of the individuals insured under the policy who dies without attaining an age which is specified in the policy and is not greater than 75 years.
In determining whether this condition is satisfied, disregard any terms of the policy which exclude from benefit the death of a person in specified circumstances, if the exclusion applies in relation to death in those circumstances in the case of each of the individuals insured under the policy.
- (3) Condition 2 is that under the terms of the policy—
- (a) the same method is to be used for calculating the sums or other benefits of a capital nature payable or arising on each death, and
- (b) if there is any limitation on those sums or other benefits, the limitation is the same in the case of any death.
- (4) Condition 3 is that the policy does not have, and is not capable of having, on any day—
- (a) a surrender value that exceeds the proportion of the premiums paid which, on a time apportionment, is referable to the unexpired paid-up period beginning with that day, or
- (b) if there is no such period, any surrender value.
For the purposes of this subsection the unexpired paid-up period beginning with any day is the period (if any) which—
- (i) begins with that day, and
- (ii) ends with the earliest subsequent day on which—
- (a) a payment of premium falls due under the policy, or
- (b) the term of the policy ends.
- (5) Condition 4 is that no sums or other benefits may be paid or conferred under the policy, except as mentioned in condition 1 or condition 3.
- (6) Condition 5 is that any sums payable or other benefits arising under the policy must (whether directly or indirectly) be paid to or for, or conferred on, or applied at the direction of—
- (a) an individual or charity beneficially entitled to them, or
- (b) a trustee or other person acting in a fiduciary capacity who will secure that the sums or other benefits are paid to or for, or conferred on, or applied in favour of, an individual or charity beneficially.
In this subsection “*charity*” means any body of persons or trust established for charitable purposes only.
- (7) Condition 6 is that no person—
- (a) who is an individual whose life is insured under the policy, or
- (b) who is, within the meaning of section 839, connected with an individual whose life is so insured,
may, by virtue of a group membership right relating to that individual, receive (directly or indirectly) any death benefit in respect of another group member.
In this subsection—
- (i) “*group membership right*”, in relation to an individual, means any right (including the right of any person to be considered by trustees in their exercise of a discretion) that is referable to that individual’s being one of the individuals whose lives are insured by the policy; and
- (ii) “*death benefit in respect of another group member*” means—
- (a) any sums or other benefits payable or arising under the policy on the death of any other of those individuals, or
- (b) anything representing any such sums or benefits.
- (8) Condition 7 is that a tax avoidance purpose is not the main purpose, or one of the main purposes, for which a person is at any time—
- (a) the holder, or one of the holders, of the policy, or
- (b) the person, or one of the persons, beneficially entitled under the policy.
In this subsection—
- (i) “*tax avoidance purpose*” means any purpose that consists in securing a tax advantage (whether for the holder of the policy or any other person); and
- (ii) “*tax advantage*” has the same meaning as in Chapter 1 of Part 17 (tax avoidance).
#### Aggregation of wife’s income with husband’s.
##### 546A
- (1) This section applies in any case where—
- (a) as a result of any transaction (the “*material transaction*”) the whole or part of or a share in the rights conferred by a policy or contract (“*the material interest*”) becomes beneficially owned by one person or by two or more persons jointly or in common (“*the new ownership*”);
- (b) immediately before the material transaction, the material interest was in the beneficial ownership of one person or of two or more persons jointly (“*the old ownership*”); and
- (c) at least one person who is a member of the old ownership is also a member of the new ownership.
- (2) In any such case, the material transaction shall, in accordance with the following provisions of this section, be taken for the purposes of this Chapter (other than this section) to be one or more assignments, of part only of the rights conferred by the policy or contract.
- (3) For the purposes of this Chapter (other than this section), the members of the old ownership shall be treated—
- (a) where the old ownership consists of two or more persons beneficially entitled jointly, as if the material interest had been in their beneficial ownership in equal shares instead of jointly;
- (b) where the new ownership consists of two or more persons beneficially entitled jointly, as if the result of the material transaction had been that the material interest was in the beneficial ownership of those persons in equal shares instead of jointly; and
- (c) as if the material transaction had been the assignment by each member of the old ownership of so much (if any) of his old share as exceeds his new share (or, if he does not have a new share, the whole of his old share).
- (4) In this section—
- “*new share*”, in relation to the material interest and a person who is a member of the new ownership, means—if there is only one member of the new ownership, the material interest;if there are two or more members of the new ownership beneficially entitled to the material interest in common, the member’s share in the material interest; orif there are two or more members of the new ownership beneficially entitled to the material interest jointly, the share attributed to the member by subsection (3)(b) above;
- “*old share*”, in relation to the material interest and a person who is a member of the old ownership, means—if there is only one member of the old ownership, the material interest; orif there are two or more members of the old ownership, the share attributed to the member by subsection (3)(a) above.
##### 546B
- (1) This section applies in relation to a policy or contract in any case where—
- (a) a section 546 excess occurs at the end of any year (including the final year, whether or not ending with a terminal chargeable event); and
- (b) the condition in subsection (2) below is satisfied in relation to that year.
This subsection is subject to subsection (1A) below.
- (1A) In the case of a policy which is a qualifying policy (whether or not the premiums under the policy are eligible for relief under section 266) this section applies only if—
- (a) the section 546 excess occurs within the time described in section 540(1)(b)(i); or
- (b) the policy has been converted into a paid-up policy within that time.
- (2) The condition is that—
- (a) during the year there has been an assignment for money or money’s worth of part of or a share in the rights conferred by the policy or contract; or
- (b) during the year there has been both—
- (i) an assignment, otherwise than for money or money’s worth, of the whole or part of or a share in the rights conferred by the policy or contract; and
- (ii) an earlier surrender of part of or a share in the rights conferred by the policy or contract.
- (3) Where this section applies—
- (a) the occurrence of the section 546 excess shall be treated for the purposes of this Chapter as not being a chargeable event; but
- (b) the amount of the section 546 excess shall be charged to tax in accordance with the provisions of section 546C.
- (4) In this section—
- “*final year*” has the meaning given by section 546(4);
- “*section 546 excess*”, in relation to any year, means an excess, occurring at the end of the year, of—the reckonable aggregate value mentioned in subsection (2) of section 546, overthe allowable aggregate amount mentoned in subsection (3) of that section;
- “*terminal chargeable event*” means any chargeable event other than—
- (a) an assignment for money or money’s worth of the whole of the rights conferred by the policy or contract;
- (b) the occurrence of a section 546 excess; or
- (c) a chargeable event by virtue of section 546C(7)(a);
##### 546C
- (1) This section applies where, in relation to any policy or contract, the amount of a section 546 excess occurring at the end of any year falls to be charged to tax in accordance with this section by virtue of section 546B(3)(b).
- (2) The following amounts shall be calculated as at the end of that year—
- (a) the aggregate of the values calculated under section 546(1)(a) in respect of any part of or share in the rights conferred by the policy or contract which has been assigned for money or money’s worth, or surrendered, during the year;
- (b) the amount by which—
- (i) the reckonable aggregate value mentioned in section 546(2), as at the end of the year, exceeds
- (ii) the aggregate calculated under paragraph (a) above;
and
- (c) the amount by which—
- (i) the allowable aggregate amount mentioned in section 546(3), as at the end of the year, exceeds
- (ii) the amount calculated under paragraph (b) above.
- (3) In this section—
- (a) “*relevant transaction*” means any assignment for money or money’s worth, or any surrender, of a part of or share in the rights conferred by the policy or contract which has happened during the year;
- (b) “*transaction value*”, in relation to any relevant transaction, means the value calculated in accordance with section 546(1)(a) in the case of that transaction;
- (c) “*the amount of available premium*” means—
- (i) in relation to the earliest relevant transaction, the amount calculated under subsection (2)(c) above (that amount being taken to be nil if there is no such excess as is there mentioned); and
- (ii) in relation to each successive relevant transaction, that amount as successively reduced under subsections (5) to (7) below.
- (4) Subsection (5) below shall apply successively to each of the relevant transactions that happened in the year, in the order in which they happened.
If the year is the final year and ends with a terminal chargeable event, this subsection is subject to section 546D.
- (5) Where this subsection applies in relation to a relevant transaction—
- (a) the transaction value shall be compared to the amount of available premium; and
- (b) if the amount of available premium exceeds or is equal to the transaction value, subsection (6) below shall apply in relation to the transaction; but
- (c) if the transaction value exceeds the amount of available premium, subsection (7) below shall apply in relation to the transaction.
- (6) Where this subsection applies in relation to a relevant transaction—
- (a) the amount of available premium shall be reduced (or further reduced) by the transaction value; and
- (b) that reduction shall have effect in relation to the next subsequent relevant transaction.
- (7) Where this subsection applies in relation to a relevant transaction—
- (a) the relevant transaction shall for the purposes of this Chapter be a chargeable event in relation to the policy or contract, except as provided by sections 540(3) and 542(3);
- (b) a gain of an amount equal to that by which the transaction value exceeds the amount of available premium shall be treated for the purposes of this Chapter as arising in connection with the policy or contract on the happening of that chargeable event; and
- (c) in relation to any subsequent relevant transaction, the amount of available premium shall be reduced to nil.
- (8) Where the whole or any part of the amount of any gain treated as arising by subsection (7)(b) above falls to be treated under section 547(1)(b) as forming part of the income of any company for—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the accounting period in which the chargeable event in question happened,
that . . . accounting period shall be taken to be the one which includes the end of the year as at which the section 546 excess in question occurs, instead of the one (if different) in which the relevant transaction happened.
- (9) Where this section applies in relation to the final year and that year ends with a terminal chargeable event—
- (a) effect shall be given to this section before applying the provisions of this Chapter in relation to the terminal chargeable event; and
- (b) in applying this Chapter in relation to the terminal chargeable event, any chargeable event by virtue of subsection (7)(a) above accordingly falls to be regarded as having occurred before the terminal chargeable event.
- (10) This section shall be construed as one with section 546B.
##### 546D
- (1) This section applies in any case where the year mentioned in section 546C(4) is the final year and that year ends with a terminal chargeable event.
- (2) In any such case there shall be calculated, as at the end of the year, the amount of the gain (“*the gains limit*”) that would have been treated as arising on the happening of the terminal chargeable event, apart from the application of sections 546B and 546C in relation to that year.
- (3) Subsection (5) of section 546C shall apply successively to each of the relevant transactions that happened in the year, in the order in which they happened, unless and until the transaction in question (the “*final transaction*”) is such that the aggregate of—
- (a) its transaction value apart from subsection (4) below, and
- (b) the sum of the transaction values of any relevant transactions to which subsection (5) of that section has previously applied,
exceeds the gains limit.
- (4) If, in the case of the final transaction,—
- (a) the aggregate mentioned in subsection (3) above exceeds the gains limit, but
- (b) the sum mentioned in paragraph (b) of that subsection is less than that limit,
subsection (5) of section 546C shall apply in relation to that transaction, but for the purposes of subsections (5) to (7) of that section its transaction value shall be reduced to an amount equal to the difference between the gains limit and the sum mentioned in paragraph (b) above.
- (5) Except as provided by subsection (4) above, subsection (5) of section 546C shall not apply in relation to the final transaction or any subsequent relevant transaction.
- (6) This section shall be construed as one with sections 546B and 546C.
##### 547A
- (1) If—
- (a) immediately before the happening of a chargeable event, two or more persons have relevant interests in the rights conferred by the policy or contract in question, and
- (b) any of those persons is a company,
section 547 shall have effect in relation to each such company as if it had been the only person with a relevant interest in those rights, but with references to the amount of the gain construed as references to the company's proportionate share of the amount of the gain.
- (2) References in this section to the rights conferred by a policy or contract are, in the case of an assignment or surrender of only a part of or share in any rights, references to that part or share.
- (3) For the purposes of this section, a person has a “relevant interest" in the rights conferred by a policy or contract—
- (a) in the case of an individual, if a share in the rights is vested in him as beneficial owner, or is held on non-charitable trusts created, or as security for a debt owed, by him;
- (b) in the case of a company, if a share in the rights is in the beneficial ownership of the company, or is held on non-charitable trusts created, or as security for a debt owed, by the company;
- (c) in the case of personal representatives, if a share in the rights is vested in them;
- (cc) in the case of trustees of a charitable trust, if a share in the rights is held by them or as security for a debt owed by them;
- (d) in the case of trustees of a non-charitable trust—
- (i) if a share in the rights is held by them, and the person who created the trusts is not resident in the United Kingdom or has died or (in the case of a company or foreign institution) has been dissolved or wound up or has otherwise come to an end;
- (ia) if a share in the rights is held by them which does not also fall within paragraph (a), (b) or (c) above or sub-paragraph (i) above; or
- (ii) if a share in the rights is held as security for a debt owed by them;
- (e) in the case of a foreign institution, if a share in the rights is in the beneficial ownership of the foreign institution, or is held as security for a debt owed by the foreign institution.
- (4) For the purposes of subsection (1) above, a person’s “proportionate share" of the amount of a gain is that share of it which is proportionate to the share of the rights by reference to which he has the relevant interest in question.
- (5) Where, immediately before the happening of a chargeable event, the rights conferred by the policy or contract in question are, or a share in those rights is, held as security for one or more debts owed by two or more persons, this section shall effect in relation to the chargeable event as if—
- (a) each of those persons were instead the sole debtor in respect of a separate debt; and
- (b) the security for that separate debt were the appropriate share of the security for the actual debt or debts (so far as consisting of the rights, or a share in the rights, conferred by the policy or contract);
and for the purposes of paragraph (b) above the appropriate share, in the case of any person, is a share which is proportionate to that share of the actual debt or, as the case may be, the aggregate of the two or more actual debts, for which he is liable as between the debtors.
- (6) Where, immediately before the happening of a chargeable event, the rights conferred by the policy or contract in question are, or a share in those rights is, held on non-charitable trusts created by two or more persons, this section shall have effect in relation to that chargeable event as if—
- (a) each of those persons had instead been the sole settlor in relation to a separate share of the rights or share so held; and
- (b) that separate share were proportionate to the share which originates from him of the whole of the property subject to the trusts immediately before the happening of the chargeable event.
- (7) The reference in subsection (6)(b) above to the share of the property which originates from a person is a reference to the share of the property which consists of—
- (a) property which that person has provided directly or indirectly for the purposes of the trusts;
- (b) property representing property which that person has so provided; and
- (c) so much of any property which represents both property so provided and other property as, on a just apportionment, represents the property so provided.
- (8) References in subsection (7) above to property which a person has provided directly or indirectly—
- (a) include references to property which has been provided directly or indirectly by another in pursuance of reciprocal arrangements with the person, but
- (b) do not include references to property which the person has provided directly or indirectly in pursuance of reciprocal arrangements with another.
- (9) References in subsection (7) above to property which represents other property include references to property which represents accumulated income from that other property.
- (10) Where immediately before the happening of a chargeable event—
- (a) the rights conferred by the policy or contract in question are, or a share in those rights is, held subject to any non-charitable trusts, and
- (b) different shares of the whole of the property subject to those trusts originate (within the meaning of subsection (6)(b) above) from different persons,
the rights or share shall, in relation to that chargeable event, be taken for the purposes of this section to be held on non-charitable trusts created by those persons.
- (11) Where the rights conferred by a policy or contract are, or an interest in any such rights is, in the beneficial ownership of two or more persons jointly, the rights or interest shall be treated for the purposes of this section as if they were in the beneficial ownership of those persons in equal shares.
- (12) A non-fractional interest in the rights conferred by a policy or contract shall be treated for the purposes of this section as if it were instead such a share in those rights as may justly and reasonably be regarded for those purposes as representing the non-fractional interest.
- (13) For the purposes of subsection (12) above, a “non-fractional interest" in the rights conferred by a policy or contract is an interest in some or all of those rights which is not a share in all of those rights (otherwise than by virtue only of subsection (2) above).
- (14) This section applies in a case where the same person has two or more relevant interests in the rights conferred by a policy or contract as it applies in a case where two or more persons have separate relevant interests, unless—
- (a) that person is the only person with a relevant interest in those rights, and
- (b) he has all the relevant interests in the same capacity,
in which case section 547 applies.
- (15) In this section—
- “*foreign institution*” means a person which is a company or other institution resident or domiciled outside the United Kingdom;
- “*personal representatives*” has the same meaning as in Part XVI.
- (16) For the purposes of this section, property held for the purposes of a foreign institution shall be regarded as in the beneficial ownership of the foreign institution.
- (17) Any reference in this section to trusts created by an individual includes a reference to trusts arising under—
- (a) section 11 of the Married Women's Property Act 1882;
- (b) section 2 of the Married Women's Policies of Assurance (Scotland) Act 1880; or
- (c) section 4 of the Law Reform (Husband and Wife) Act (Northern Ireland) 1964;
and references to the settlor or to the person creating the trusts shall be construed accordingly.
##### 548A
- (1) This section applies if—
- (a) a relevant chargeable event occurs in respect of a policy or contract,
- (b) commission in respect of the policy or contract has at any time been rebated or reinvested, and
- (c) condition A or B is met.
- (2) For the purposes of performing the calculation under section 541(1)(b) or (c) or 543(1)(a) or (b) for the chargeable event, the total amount paid under the policy or contract by way of premiums in any period is to be reduced by the total amount of commission attributable to those premiums that has been rebated or reinvested.
- (3) Condition A is that the total amount paid under the policy or contract by way of premiums in a relevant period exceeds £100,000.
- (4) Condition B is that—
- (a) at a time when the policy or contract was the taxable person's, the taxable person's policies and contracts exceeded the relevant threshold as respects a relevant period, and
- (b) payments under the policy or contract by way of premiums were made in that relevant period.
- (5) In subsection (4)(a) “*taxable person*” means the person whose policy or contract the policy or contract is, immediately before the chargeable event.
- (6) For the purposes of subsection (4)(a) a person's policies and contracts “exceed the relevant threshold” as respects a relevant period if the total amount of payments under them by way of premiums in that relevant period exceeds the sum specified in subsection (3).
- (7) In this section “*relevant chargeable event*” means a chargeable event within—
- (a) any of sub-paragraphs (ii) to (iv) of section 540(1)(a) (including those sub-paragraphs as they apply in relation to a qualifying policy),
- (b) section 542(1)(a) or (b), or
- (c) section 545(1)(a) to (c).
- (8) In this section “*relevant period*” means—
- (a) the period beginning with the beginning of the year of assessment in which the chargeable event occurs and ending with the chargeable event, or
- (b) any of the 3 preceding years of assessment.
- (9) References in this section to a premium include, in relation to a contract for a life annuity, lump sum consideration.
- (10) The Treasury may by order—
- (a) substitute another sum for the sum for the time being specified in subsection (3);
- (b) amend the definition of “relevant period”.
#### Eligibility for relief.
##### 548B
- (1) This section supplements section 548A.
- (2) “*Commission*”, in relation to a policy or contract, includes any passing of value to or for the benefit of an intermediary, or a person connected with an intermediary, that can reasonably be taken to represent a reward in respect of the policy or contract.
- (3) Commission in respect of a policy or contract is “reinvested” if, as a result of a waiver of an entitlement to it, there is an increase in the total value of a relevant person's policies and contracts.
- (4) The amount of commission reinvested is the amount of the increase.
- (5) Commission in respect of a policy or contract is “rebated” if—
- (a) value passes (directly or indirectly) from an intermediary, or a person connected with an intermediary, to or for the benefit of a relevant person (and the passing of value does not amount to the reinvestment of the commission), and
- (b) the passing of value can reasonably be taken to be in respect of the commission.
- (6) The amount of commission rebated is the amount of value passed.
- (7) A policy or contract is a person's policy or contract if a gain arising in connection with it would be—
- (a) a gain for which the person, or (if the person is an individual) the person's spouse or civil partner, would be liable to tax under Chapter 9 of Part 4 of ITTOIA 2005, or
- (b) treated by virtue of section 547(1) above as forming part of the person's income.
- (8) Any necessary apportionment is to be made (on a just and reasonable basis) as regards—
- (a) commission which is attributable to two or more premiums, and
- (b) any part of such commission that has been rebated or reinvested.
- (9) Commission which is in respect of one or more policies or contracts (but is not attributable to particular premiums) is to be attributed to such premiums as is just and reasonable.
- (10) In subsections (3) and (5), “*relevant person*” means—
- (a) any of the policyholders (including any of the persons who hold the contract),
- (b) a person who beneficially owns the rights under the policy or contract,
- (c) if those rights are held on trust, any of the trustees, or
- (d) a person connected (within the meaning of section 839) with a person within any of paragraphs (a) to (c).
- (11) In subsections (8) and (9), references to a premium include, in relation to a contract for a life annuity, lump sum consideration.
##### 551A
- (1) Where—
- (a) an amount is included in a company’s income by virtue of section 547(1)(b), and
- (b) the rights, or the part or share, in question were held immediately before the happening of the chargeable event on non-charitable trusts,
the company shall be entitled to recover from the trustees, to the extent of any sums, or to the value of any benefits, received by them by reason of the event, the amount (if any) by which T1 exceeds T2.
- (2) For the purposes of subsection (1) above—
- T1 is the tax with which the company is chargeable for the accounting period in question; and
- T2 is the tax with which the company would have been chargeable for the accounting period if the amount mentioned in subsection (1)(a) above had not been included as there mentioned.
- (3) A company may require the Board to certify any amount recoverable by the company by virtue of this section, and the certificate shall be conclusive evidence of the amount.
##### 552ZA
- (1) This section supplements section 552 and shall be construed as one with it.
- (2) Where the obligations under any policy or contract of the body that issued, entered into or effected it (“*the original insurer*”) are at any time the obligations of another body (“*the transferee*”) to whom there has been a transfer of the whole or any part of a business previously carried on by the original insurer, section 552 shall have effect in relation to that time, except where the chargeable event—
- (a) happened before the transfer, and
- (b) in the case of a death or an assignment, is an event of which the notification mentioned in subsection (6) or (7) of that section was given before the transfer,
as if the policy or contract had been issued, entered into or effected by the transferee.
- (3) Where, in consequence of section 546C(7)(a) of this Act and section 514(1) of ITTOIA 2005, paragraph (a) or (b) of section 552(1) requires certificates to be delivered in respect of two or more surrenders, happening in the same year, of part of or a share in the rights conferred by the policy or contract, a single certificate may be delivered under the paragraph in question in respect of all those surrenders (and may treat them as if they together constituted a single surrender) unless between the happening of the first and the happening of the last of them there has been—
- (a) an assignment of part of or a share in the rights conferred by the policy or contract; or
- (b) an assignment, otherwise than for money or money’s worth, of the whole of the rights conferred by the policy or contract.
- (4) Where the appropriate policy holder is two or more persons—
- (a) section 552(1)(a) requires a certificate to be delivered to each of them; but
- (b) nothing in section 552 or this section requires a body to deliver a certificate under subsection (1)(a) of that section to any person whose address has not been provided to the body (or to another body, at a time when the obligations under the policy or contract were obligations of that other body).
- (5) A certificate under section 552(1)(b) or (3)—
- (a) shall be in a form prescribed for the purpose by the Board; and
- (b) shall be delivered by any means prescribed for the purpose by the Board;
and different forms, or different means of delivery, may be prescribed for different cases or different purposes.
- (6) The Board may by regulations make such provision as they think fit for securing that they are able—
- (a) to ascertain whether there has been or is likely to be any contravention of the requirements of section 552 or this section; and
- (b) to verify any certificate under that section.
- (7) Regulations under subsection (6) above may include, in particular, provisions requiring persons to whom premiums under any policy are or have at any time been payable—
- (a) to supply information to the Board; and
- (b) to make available books, documents and other records for inspection on behalf of the Board.
- (8) Regulations under subsection (6) above may—
- (a) make different provision for different cases; and
- (b) contain such supplementary, incidental, consequential or transitional provision as appears to the Board to be appropriate.
##### 552ZB
- (1) The Commissioners for Her Majesty's Revenue and Customs may make regulations—
- (a) requiring relevant persons—
- (i) to provide prescribed information to persons who apply for the issue of qualifying policies or who are, or may be, required to make statements under paragraph B3(2) of Schedule 15;
- (ii) to provide to an officer of Revenue and Customs prescribed information about qualifying policies which have been issued by them or in relation to which they are or have been a relevant transferee;
- (b) making such provision (not falling within paragraph (a)) as the Commissioners think fit for securing that an officer of Revenue and Customs is able—
- (i) to ascertain whether there has been or is likely to be any contravention of the requirements of the regulations or of paragraph B3(2) of Schedule 15;
- (ii) to verify any information provided to an officer of Revenue and Customs as required by the regulations.
- (2) The provision that may be made by virtue of subsection (1)(b) includes, in particular, provision requiring relevant persons to make available books, documents and other records for inspection by or on behalf of an officer of Revenue and Customs.
- (3) The regulations may—
- (a) make different provision for different cases or circumstances, and
- (b) contain incidental, supplementary, consequential, transitional, transitory or saving provision.
- (4) In this section—
- “*prescribed*” means prescribed by the regulations,
- “*qualifying policy*” includes a policy which would be a qualifying policy apart from—paragraph A1(2), B1(2), B2(2) or B3(3) of Schedule 15, orparagraph 17(2)(za) of that Schedule (including as applied by paragraph 18), and
- “*relevant person*” means a person—who issues, or has issued, qualifying policies, orwho is, or has been, a relevant transferee in relation to qualifying policies.
- (5) For the purposes of this section a person (“X”) is at any time a “*relevant transferee*” in relation to a qualifying policy if the obligations under the policy of its issuer are at that time the obligations of X as a result of there having been a transfer to X of the whole or any part of a business previously carried on by the issuer.
##### 552A
- (1) This section has effect for the purpose of securing that, where it applies to an overseas insurer, another person is the overseas insurer’s tax representative.
- (2) In this section “*overseas insurer*” means a person who is not resident in the United Kingdom who carries on a business which consists of or includes the effecting and carrying out of—
- (a) policies of life insurance;
- (b) contracts for life annuities; or
- (c) capital redemption policies.
- (3) This section applies to an overseas insurer—
- (a) if the condition in subsection (4) below is satisfied on the designated day; or
- (b) where that condition is not satisfied on that day, if it has subsequently become satisfied.
- (4) The condition mentioned in subsection (3) above is that—
- (a) there are in force relevant insurances the obligations under which are obligations of the overseas insurer in question or of an overseas insurer connected with him; and
- (b) the total amount or value of the gross premiums paid under those relevant insurances is £1 million or more.
- (5) In this section “*relevant insurance*” means any policy of life insurance, contract for a life annuity or capital redemption policy . . . in the case of which—
- (a) the holder is resident in the United Kingdom;
- (b) the obligations of the insurer are obligations of a person not resident in the United Kingdom; and
- (c) those obligations are not attributable to a branch or agency of that person’s in the United Kingdom.
- (6) Before the expiration of the period of three months following the day on which this section first applies to an overseas insurer, the overseas insurer must nominate to the Board a person to be his tax representative.
- (7) A person shall not be a tax representative unless—
- (a) if he is an individual, he is resident in the United Kingdom and has a fixed place of residence there, or
- (b) if he is not an individual, he has a business establishment in the United Kingdom,
and, in either case, he satisfies such other requirements (if any) as are prescribed in regulations made for the purpose by the Board.
- (8) A person shall not be an overseas insurer’s tax representative unless—
- (a) his nomination by the overseas insurer has been approved by the Board; or
- (b) he has been appointed by the Board.
- (9) The Board may by regulations make provision supplementing this section; and the provision that may be made by any such regulations includes provision with respect to—
- (a) the making of a nomination by an overseas insurer of a person to be his tax representative;
- (b) the information which is to be provided in connection with such a nomination;
- (c) the form in which such a nomination is to be made;
- (d) the powers and duties of the Board in relation to such a nomination;
- (e) the procedure for approving, or refusing to approve, such a nomination, and any time limits applicable to doing so;
- (f) the termination, by the overseas insurer or the Board, of a person’s appointment as a tax representative;
- (g) the appointment by the Board of a person as the tax representative of an overseas insurer (including the circumstances in which such an appointment may be made);
- (h) the nomination by the overseas insurer, or the appointment by the Board, of a person to be the tax representative of an overseas insurer in place of a person ceasing to be his tax representative;
- (j) circumstances in which an overseas insurer to whom this section applies may, with the Board’s agreement, be released (subject to any conditions imposed by the Board) from the requirement that there must be a tax representative;
- (k) appeals to the Special Commissioners against decisions of the Board under this section or regulations under it.
- (10) The provision that may be made by regulations under subsection (9) above also includes provision for or in connection with the making of other arrangements between the Board and an overseas insurer for the purpose of securing the discharge by or on behalf of the overseas insurer of the relevant duties, within the meaning of section 552B.
- (11) Section 839 (connected persons) applies for the purposes of this section.
- (12) In this section—
- “*capital redemption policy*” means a capital redemption policy in relation to which this Chapter and Chapter 9 of Part 4 of ITTOIA 2005 have effect;
- “*contract for a life annuity*” means a contract for a life annuity in relation to which this Chapter and Chapter 9 of Part 4 of ITTOIA 2005 have effect;
- “*the designated day*” means such day as the Board may specify for the purpose in regulations;
- “*policy of life insurance*” means a policy of life insurance in relation to which this Chapter and Chapter 9 of Part 4 of ITTOIA 2005 have effect;
- “*tax representative*” means a tax representative under this section.
##### 552B
- (1) It shall be the duty of an overseas insurer’s tax representative to secure (where appropriate by acting on the overseas insurer’s behalf) that the relevant duties are discharged by or on behalf of the overseas insurer.
- (2) For the purposes of this section “*the relevant duties*” are—
- (a) the duties imposed by section 552,
- (b) the duties imposed by section 552ZA(2), (4) or (5), and
- (c) any duties imposed by regulations made under subsection (6) of section 552ZA by virtue of subsection (7) of that section,
so far as relating to relevant insurances under which the overseas insurer in question has any obligations.
- (3) An overseas insurer’s tax representative shall be personally liable—
- (a) in respect of any failure to secure the discharge of the relevant duties, and
- (b) in respect of anything done for purposes connected with acting on the overseas insurer’s behalf,
as if the relevant duties were imposed jointly and severally on the tax representative and the overseas insurer.
- (4) In the application of this section in relation to any particular tax representative, it is immaterial whether any particular relevant duty arose before or after his appointment.
- (5) This section has effect in relation to relevant duties relating to chargeable events happening on or after the day by which section 552A(6) requires the nomination of the overseas insurer’s first tax representative to be made.
- (5A) In subsection (5) “*chargeable event*” has the same meaning as in section 552 (see subsection (10) of that section).
- (6) Expressions used in this section and in section 552A have the same meaning in this section as they have in that section.
##### 553A
- (1) A policy of life insurance which, immediately before the happening of a chargeable event or a relevant event—
- (a) is an overseas policy, but
- (b) is not a new non-resident policy,
shall, in relation to that event, be treated for the purposes of this Chapter as if it were a new non-resident policy.
- (2) A policy of life insurance which, immediately before the happening of a relevant event—
- (a) is an overseas policy, and
- (b) is a new non-resident policy,
shall, in relation to that event, be taken for the purposes of this Chapter not to be a qualifying policy.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) In this section—
- “*new non-resident policy*” means a new non-resident policy as defined in paragraph 24 of Schedule 15 (and in subsection (2) above includes a policy treated as such by virtue of subsection (1) above);
- “*overseas policy*” means a policy of life insurance which, by virtue of section 431D(1)(a), forms part of the overseas life assurance business of an insurance company or friendly society;
- “*relevant event*”, in relation to a policy of life insurance, means an event which would be a chargeable event in relation to that policy if the policy were assumed not to be a qualifying policy.
- (5) This section applies in relation to chargeable events and relevant events happening on or after 17th March 1998 in relation to policies of life insurance issued in respect of insurances made on or after that date.
- (6) A policy of life insurance issued in respect of an insurance made before 17th March 1998 shall be treated for the purposes of this section as issued in respect of one made on or after that date if it is varied on or after that date so as to increase the benefits secured or to extend the term of the insurance; and any exercise of rights conferred by the policy shall be regarded for this purpose as a variation.
##### 553B
- (1) A capital redemption policy which immediately before the happening of a chargeable event—
- (a) is an overseas policy, but
- (b) is not a new offshore capital redemption policy,
shall, in relation to that event, be treated for the purposes of this Chapter as if it were a new offshore capital redemption policy.
- (2) In this section—
- “*new offshore capital redemption policy*” has the same meaning as in section 553;
- “*overseas policy*” means a capital redemption policy which, by virtue of section 431D(1)(a), forms part of the overseas life assurance business of an insurance company.
- (3) This section applies in relation to capital redemption policies where the contract is made after the coming into force of the first regulations under section 458A in consequence of which capital redemption business forms part of the overseas life assurance business of an insurance company.
##### 553C
- (1) The Treasury may by regulations make provision imposing a yearly charge to corporation tax in relation to personal portfolio bonds (“yearly" being construed for this purpose by reference to years as defined in section 546(4)).
- (2) Subject to any provision to the contrary made by the regulations, any charge to corporation tax under this section is in addition to any other charge to corporation tax under this Chapter.
- (3) The regulations may make provision with respect to or in connection with all or any of the following—
- (a) the method by which the charge to corporation tax, or any relief, allowance or deduction against or in respect of the tax, is to be imposed or given effect;
- (b) the person who is to be liable for the tax;
- (c) the periods for or in respect of which the tax is to be charged;
- (d) the amounts in respect of which, or by reference to which, the tax is to be charged;
- (e) the period or periods by reference to which those amounts are to be determined;
- (f) the rate or rates at which the tax is to be charged;
- (g) any reliefs, allowances or deductions which are to be given or made against or in respect of the tax;
- (h) the administration of the tax.
- (4) The provision that may be made by the regulations includes provision for imposing the charge to corporation tax by a method which involves—
- (a) treating an event described in the regulations as if it were a chargeable event;
- (b) treating an amount determined in accordance with the regulations as if it were a gain treated as arising on the happening of a chargeable event; or
- (c) deeming an amount determined in accordance with the regulations to be income of a company; . . .
- (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) The provision that may be made in the regulations includes provision for the amount or amounts in respect of which, or by reference to which, the tax is to be charged for periods beginning after the coming into force of the regulations to be determined in whole or in part by reference to periods beginning or ending, premiums paid, or events happening, before, on or after the day on which the Finance Act 1998 is passed.
- (6) The regulations may make provision excluding, or applying (with or without modification), other provisions of this Chapter in relation to policies or contracts which are also personal portfolio bonds.
- (7) In this section, “*personal portfolio bond*” means a policy of life insurance, contract for a life annuity or capital redemption policy under whose terms—
- (a) some or all of the benefits are determined by reference to the value of, or the income from, property of any description (whether or not specified in the policy or contract) or fluctuations in, or in an index of, the value of property of any description (whether or not so specified); and
- (b) some or all of the property, or such an index, may be selected by, or by a person acting on behalf of, the holder of the policy or contract or a person connected with him (or the holder of the policy or contract and a person connected with him);
but a policy or contract is not a personal portfolio bond if the only property or index which may be so selected is of a description prescribed for this purpose in the regulations.
- (8) The regulations may prescribe additional conditions which must be satisfied if a policy or contract is to be a personal portfolio bond.
- (9) The regulations—
- (a) may make different provision for different cases, different circumstances or different periods; and
- (b) may make incidental, consequential, supplemental or transitional provision.
- (9A) The Treasury may by regulations make provision, in relation to any policy or contract to which this subsection applies, for—
- (a) treating an event described in the regulations as if it were a chargeable event, and
- (b) treating an amount determined in accordance with the regulations as if it were a gain treated as arising on the happening of a chargeable event.
- (9B) Regulations under subsection (9A) may make such provision for the purposes only of enabling the gain to be taken into account in the application of this Chapter to the policy or contract on the later happening of a chargeable event.
- (9C) Regulations under subsection (9A) may make any provision for the calculation of the amount of the gain which regulations under subsection (1) may make for the calculation of the amount charged to corporation tax by virtue of regulations under that subsection.
- (9D) Subsections (6), (8) and (9) apply to regulations under subsection (9A).
- (9E) Subsection (9A) applies to a policy or contract if—
- (a) it is a personal portfolio bond, and
- (b) liability in respect of a gain arising in relation to it would arise by virtue of any of sections 464 to 468 of ITTOIA 2005 (persons liable for tax under Chapter 9 of Part 4 of that Act).
- (10) In this section, “holder", in the case of a policy or contract held by two or more persons, includes a reference to any of those persons.
- (11) Section 839 (connected persons) applies for the purposes of this section.
##### 559A
- (1) A sum deducted under section 559 from a payment made by a contractor—
- (a) shall be paid to the Board, and
- (b) shall be treated for the purposes of income tax or, as the case may be, corporation tax as not diminishing the amount of the payment.
- (2) If the sub-contractor is not a company a sum deducted under section 559 and paid to the Board shall be treated as being income tax paid in respect of the sub-contractor’s relevant profits.
If the sum is more than sufficient to discharge his liability to income tax in respect of those profits, so much of the excess as is required to discharge any liability of his for Class 4 contributions shall be treated as being Class 4 contributions paid in respect of those profits.
- (3) If the sub-contractor is a company—
- (a) a sum deducted under section 559 and paid to the Board shall be treated, in accordance with regulations, as paid on account of any relevant liabilities of the sub-contractor;
- (b) regulations shall provide for the sum to be applied in discharging relevant liabilities of the year of assessment in which the deduction is made;
- (c) if the amount is more than sufficient to discharge the sub-contractor’s relevant liabilities, the excess may be treated, in accordance with the regulations, as being corporation tax paid in respect of the sub-contractor’s relevant profits; and
- (d) regulations shall provide for the repayment to the sub-contractor of any amount not required for the purposes mentioned in paragraphs (b) and (c).
- (4) For the purposes of subsection (3) the “*relevant liabilities*” of a sub-contractor are any liabilities of the sub-contractor, whether arising before or after the deduction is made, to make a payment to a collector of inland revenue in pursuance of an obligation as an employer or contractor.
- (5) In this section—
- (a) “*the sub-contractor*” means the person for whose labour (or for whose employees’ or officers’ labour) the payment is made;
- (b) references to the sub-contractor’s “*relevant profits*” are to the profits from the trade, profession or vocation carried on by him in the course of which the payment was received;
- (c) “*Class 4 contributions*” means Class 4 contributions within the meaning of the Social Security Contributions and Benefits Act 1992 or the Social Security Contributions and Benefits (Northern Ireland) Act 1992.
- (6) References in this section to regulations are to regulations made by the Board.
- (7) Regulations under this section—
- (a) may contain such supplementary, incidental or consequential provision as appears to the Board to be appropriate, and
- (b) may make different provision for different cases.
#### Individuals qualifying for relief.
### Chapter 5A — Share loss relief
### Relief for losses on unquoted shares in trading companies
##### 576A
- (1) For the purposes of this Chapter a qualifying trading company is a company which meets each of conditions A to D.
- (2) Condition A is that the company either—
- (a) meets each of the following requirements on the date of the disposal—
- (i) the trading requirement (see section 576B),
- (ii) the control and independence requirement (see section 576D),
- (iii) the qualifying subsidiaries requirement (see section 576E), and
- (iv) the property managing subsidiaries requirement (see section 576F), or
- (b) has ceased to meet any of those requirements at a time which is not more than 3 years before that date and has not since that time been an excluded company, an investment company or a trading company.
- (3) Condition B is that the company either—
- (a) has met each of the requirements mentioned in condition A for a continuous period of 6 years ending on that date or at that time, or
- (b) has met each of those requirements for a shorter continuous period ending on that date or at that time and has not before the beginning of that period been an excluded company, an investment company or a trading company.
- (4) Condition C is that the company—
- (a) met the gross assets requirement (see section 576G) both immediately before and immediately after the issue of the shares in respect of which the relief is claimed under this Chapter, and
- (b) met the unquoted status requirement (see section 576H) at the relevant time within the meaning of that section.
- (5) Condition D is that the company has carried on its business wholly or mainly in the United Kingdom throughout the period—
- (a) beginning with the incorporation of the company or, if later, 12 months before the shares in question were issued, and
- (b) ending with the date of the disposal.
### Qualifying trading companies: the requirements
##### 576B
- (1) The trading requirement is that—
- (a) the company, disregarding any incidental purposes, exists wholly for the purpose of carrying on one or more qualifying trades, or
- (b) the company is a parent company and the business of the group does not consist wholly or as to a substantial part in the carrying on of non-qualifying activities.
- (2) If the company intends that one or more other companies should become its qualifying subsidiaries with a view to their carrying on one or more qualifying trades—
- (a) the company is treated as a parent company for the purposes of subsection (1)(b), and
- (b) the reference in subsection (1)(b) to the group includes the company and any existing or future company that will be its qualifying subsidiary after the intention in question is carried into effect.
This subsection does not apply at any time after the abandonment of that intention.
- (3) For the purpose of subsection (1)(b) the business of the group means what would be the business of the group if the activities of the group companies taken together were regarded as one business.
- (4) For the purpose of determining the business of a group, activities are disregarded to the extent that they are activities carried on by a mainly trading subsidiary otherwise than for its main purpose.
- (5) For the purposes of determining the business of a group, activities of a group company are disregarded to the extent that they consist in—
- (a) the holding of shares in or securities of a qualifying subsidiary of the parent company,
- (b) the making of loans to another group company,
- (c) the holding and managing of property used by a group company for the purpose of one or more qualifying trades carried on by a group company, or
- (d) the holding and managing of property used by a group company for the purpose of research and development from which it is intended—
- (i) that a qualifying trade to be carried on by a group company will be derived, or
- (ii) that a qualifying trade carried on or to be carried on by a group company will benefit.
- (6) Any reference in subsection (5)(d)(i) or (ii) to a group company includes a reference to any existing or future company which will be a group company at any future time.
- (7) In this section—
- “*excluded activities*” has the meaning given by section 192 of ITA 2007 read with sections 193 to 199 of that Act,
- “*group*” means a parent company and all its qualifying subsidiaries,
- “*group company*”, in relation to a group, means the parent company or any of its qualifying subsidiaries,
- “*incidental purposes*” means purposes having no significant effect (other than in relation to incidental matters) on the extent of the activities of the company in question,
- “*mainly trading subsidiary*” means a subsidiary which, apart from incidental purposes, exists wholly for the purpose of carrying on one or more qualifying trades, and any reference to the main purpose of such a subsidiary is to be read accordingly,
- “*non-qualifying activities*” means—excluded activities, andactivities (other than research and development) carried on otherwise than in the course of a trade,
- “*parent company*” means a company that has one or more qualifying subsidiaries,
- “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007,
- “*qualifying trade*” has the meaning given by section 189 of that Act,
- “*research and development*” has the meaning given by section 837A.
- (8) In sections 189(1)(b) and 194(4)(c) of ITA 2007 (as applied by subsection (7) for the purposes of the definitions of “excluded activities” and “qualifying trade”) “*period B*” means the continuous period that is relevant for the purposes of section 576A(3).
- (9) In section 195 of ITA 2007 as applied by subsection (7) for the purposes mentioned in subsection (8), references to the issuing company are to be read as references to the company mentioned in subsection (1).
#### Companies with interests in land.
##### 576C
- (1) A company is not regarded as ceasing to meet the trading requirement by reason only of anything done in consequence of the company or any of its subsidiaries being in administration or receivership.
This has effect subject to subsections (2) and (3).
- (2) Subsection (1) applies only if—
- (a) the entry into administration or receivership, and
- (b) everything done as a result of the company concerned being in administration or receivership,
is for genuine commercial reasons, and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.
- (3) A company ceases to meet the trading requirement if before the time that is relevant for the purposes of section 576A(2)—
- (a) a resolution is passed, or an order is made, for the winding up of the company or any of its subsidiaries (or, in the case of a winding up otherwise than under the Insolvency Act 1986 or the Insolvency (Northern Ireland) Order 1989, any other act is done for the like purpose), or
- (b) the company or any of its subsidiaries is dissolved without winding up.
This is subject to subsection (4).
- (4) Subsection (3) does not apply if —
- (a) the winding up is for genuine commercial reasons, and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax, and
- (b) the company continues, during the winding up, to be a trading company.
- (5) References in this section to a company being “in administration” or “in receivership” are to be read in accordance with section 252 of ITA 2007.
##### 576D
- (1) The control element of the requirement is that—
- (a) the company must not control (whether on its own or together with any person connected with it) any company which is not a qualifying subsidiary of the company, and
- (b) no arrangements must be in existence by virtue of which the company could fail to meet paragraph (a) (whether at a time during the continuous period that is relevant for the purposes of section 576A(3) or otherwise).
- (2) The independence element of the requirement is that—
- (a) the company must not—
- (i) be a 51% subsidiary of another company, or
- (ii) be under the control of another company (or of another company and any other person connected with that other company), without being a 51% subsidiary of that other company, and
- (b) no arrangements must be in existence by virtue of which the company could fail to meet paragraph (a) (whether at a time during the continuous period that is relevant for the purposes of section 576A(3) or otherwise).
- (3) This section is subject to section 576J(3).
- (3A) Section 839 (connected persons) applies for the purposes of this section.
- (4) In this section—
- “*arrangements*” includes any scheme, agreement or understanding, whether or not legally enforceable,
- “control” is to be read as follows—in subsection (1)(a), in accordance with section 416(2) to (6),in subsection (2)(a), in accordance with section 840,
- “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007.
#### Individuals qualifying for relief.
##### 576E
- (1) The qualifying subsidiaries requirement is that any subsidiary that the company has must be a qualifying subsidiary of the company.
- (2) In this section “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007.
##### 576F
- (1) The property managing subsidiaries requirement is that any property managing subsidiary that the company has must be a qualifying 90% subsidiary of the company.
- (2) In this section—
- “*property managing subsidiary*” has the meaning given by section 188(2) of ITA 2007,
- “*qualifying 90% subsidiary*” has the meaning given by section 190 of that Act.
##### 576G
- (1) The gross assets requirement in the case of a single company is that the value of the company's gross assets—
- (a) must not exceed £7 million immediately before the shares in respect of which the relief is claimed under this Chapter are issued, and
- (b) must not exceed £8 million immediately afterwards.
- (2) The gross assets requirement in the case of a parent company is that the value of the group assets—
- (a) must not exceed £7 million immediately before the shares in respect of which the relief is claimed under this Chapter are issued, and
- (b) must not exceed £8 million immediately afterwards.
- (3) The value of the group assets means the aggregate of the values of the gross assets of each of the members of the group, disregarding any that consist in rights against, or shares in or securities of, another member of the group.
- (4) In this section—
- “*group*” means a parent company and its qualifying subsidiaries,
- “*parent company*” means a company that has one or more qualifying subsidiaries,
- “*qualifying subsidiary*” is to be read in accordance with section 191 of ITA 2007, and
- “*single company*” means a company that does not have one or more qualifying subsidiaries.
##### 576H
- (1) The unquoted status requirement is that, at the time (“*the relevant time*”) at which the shares in respect of which the relief is claimed under this Chapter are issued—
- (a) the company must be an unquoted company,
- (b) there must be no arrangements in existence for the company to cease to be an unquoted company, and
- (c) there must be no arrangements in existence for the company to become a subsidiary of another company (“the new company”) by virtue of an exchange of shares, or shares and securities, if—
- (i) section 576J applies in relation to the exchange, and
- (ii) arrangements have been made with a view to the new company ceasing to be an unquoted company.
- (2) The arrangements referred to in subsection (1)(b) and (c)(ii) do not include arrangements in consequence of which any shares, stocks, debentures or other securities of the company or the new company are at any subsequent time—
- (a) listed on a stock exchange that is a recognised stock exchange by virtue of an order made under section 1005 of ITA 2007, or
- (b) listed on an exchange, or dealt in by any means, designated by an order made for the purposes of section 184(3)(b) or (c) of that Act,
if the order was made after the relevant time.
- (3) In this section—
- “*arrangements*” includes any scheme, agreement or understanding, whether or not legally enforceable,
- “*debenture*” has the meaning given by section 744 of the Companies Act 1985,
- “*unquoted company*” has the meaning given by section 184(2) of ITA 2007.
##### 576I
The Treasury may by order make such amendments of sections 576B to 576H as they consider appropriate.
### Qualifying trading companies: supplementary provisions
##### 576J
- (1) This section and section 576K apply in relation to shares if—
- (a) a company (“the new company”) in which the only issued shares are subscriber shares acquires all the shares (“old shares”) in another company (“the old company”),
- (b) the consideration for the old shares consists wholly of the issue of shares (“new shares”) in the new company,
- (c) the consideration for the new shares of each description consists wholly of old shares of the corresponding description,
- (d) new shares of each description are issued to the holders of old shares of the corresponding description in respect of and in proportion to their holdings, and
- (e) by virtue of section 127 of the 1992 Act as applied by section 135(3) of that Act (company reconstructions etc), the exchange of shares is not to be treated as involving a disposal of the old shares or an acquisition of the new shares.
In this subsection references to shares, except the first and that in the expression “subscriber shares”, include securities.
- (2) For the purposes of this Chapter the exchange of shares is not regarded as involving any disposal of the old shares or any acquisition of the new shares.
- (3) Nothing in section 576D (the control and independence requirement) applies in relation to such an exchange of shares, or shares and securities, as is mentioned in subsection (1), or arrangements with a view to such an exchange.
- (4) For the purposes of this section old shares and new shares are of a corresponding description if, on the assumption that they were shares in the same company, they would be of the same class and carry the same rights.
- (5) References in section 576K to “old shares”, “new shares”, “the old company” and “the new company” are to be read in accordance with this section.
##### 576K
- (1) Subsection (2) applies if, in the case of any new shares held by a company or by a nominee for a company, the old shares for which they were exchanged were shares that had been subscribed for by the company (“the investor”).
- (2) This Chapter has effect as if—
- (a) the new shares had been subscribed for by the investor at the time when, and for the amount for which, the old shares were subscribed for by the investor,
- (b) the new shares had been issued by the new company at the time when the old shares were issued to the investor by the old company, and
- (c) any requirements of this Chapter which were met at any time before the exchange by the old company had been met at that time by the new company.
- (3) Section 573(6) applies for the purposes of this section.
- (4) Nothing in subsection (2) applies in relation to section 195(7) of ITA 2007 as applied by section 576B(7) above for the purposes mentioned in section 576B(8).
### Supplemental
##### 576L
- (1) In this Chapter (subject to subsections (2) to (5))—
- “*excluded company*” means a company which—has a trade which consists wholly or mainly of dealing in land, in commodities or futures or in shares, securities or other financial instruments,has a trade which is not carried on on a commercial basis and in such a way that profits in the trade can reasonably be expected to be realised,is a holding company of a group other than a trading group, oris a building society or a registered industrial and provident society,
- “group” (except in sections 576B and 576G) means a company which has one or more 51% subsidiaries together with that or those subsidiaries,
- “*holding company*” means a company whose business consists wholly or mainly in the holding of shares or securities of companies which are its 51% subsidiaries,
- “*investment company*” has the meaning given by section 130 except that it does not include the holding company of a trading group,
- “*registered industrial and provident society*” means a society registered or treated as registered under the Industrial and Provident Societies Act 1965 or the Industrial and Provident Societies Act (Northern Ireland) Act 1969,
- “shares”—includes stock, butdoes not include shares or stock not forming part of a company's ordinary share capital,
- “*trading company*” means a company other than an excluded company which is—a company whose business consists wholly or mainly of the carrying on of a trade or trades, orthe holding company of a trading group, and
- “*trading group*” means a group the business of whose members, when taken together, consists wholly or mainly in the carrying on of a trade or trades.
- (2) Except as provided by subsection (3), paragraph (b) of the definition of “shares” in subsection (1) does not apply in the definition of “excluded company” in subsection (1) or in section 576J(1) to (4).
- (3) Paragraph (b) of that definition applies in relation to the first reference to “shares” in section 576J(1).
- (4) The definition of “shares” in subsection (1) does not apply in sections 576B(5)(a), 576G(3) and 576H(1)(c) and (2).
- (5) For the purposes of the definition of “trading group” in subsection (1), any trade carried on by a subsidiary which is an excluded company is treated as not constituting a trade.
#### Husband and wife.
##### 577A
- (1) In computing profits chargeable to corporation tax under . . . Schedule D, no deduction shall be made for any expenditure incurred —
- (a) in making a payment the making of which constitutes the commission of a criminal offence, or
- (b) in making a payment outside the United Kingdom where the making of a corresponding payment in any part of the United Kingdom would constitute a criminal offence there.
- (1A) In computing profits chargeable to corporation tax under . . . Schedule D, no deduction shall be made for any expenditure incurred in making a payment induced by a demand constituting—
- (a) the commission in England or Wales of the offence of blackmail under section 21 of the Theft Act 1968,
- (b) the commission in Northern Ireland of the offence of blackmail under section 20 of the Theft Act (Northern Ireland) 1969, or
- (c) the commission in Scotland of the offence of extortion.
- (2) Any expenditure mentioned in subsection (1) or (1A) above—
- (a) shall not be included in computing any expenses of management in respect of which relief may be given under the Corporation Tax Acts; and
- (b) shall not be brought into account under section 76 as expenses payable.
##### 578A
- (1) This section provides for a reduction in the amounts—
- (a) allowable as deductions in computing profits chargeable to corporation tax under Case I or II of Schedule D, or
- (b) which can be included as expenses of management of a company with investment business (as defined by section 130),. . . or
- (bb) which can be brought into account under section 76 as expenses payable,
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
for expenditure on the hiring of a car to which this section applies.
- (2) This section applies to the hiring of a car—
- (a) which is not a qualifying hire car, and
- (b) the retail price of which when new exceeds £12,000.
“Car” and “qualifying hire car” are defined by section 578B.
- (2A) This section does not apply to the hiring of a car, other than a motorcycle, if—
- (a) it is an electrically-propelled car, or
- (b) it is a car with low CO₂ emissions.
- (2B) In subsection (2A) above—
- “*car*” has the meaning given by section 578B;
- “*car with low CO₂ emissions*” has the meaning given by section 45D of the Capital Allowances Act 2001 (expenditure on cars with low CO₂ emissions to be first-year qualifying expenditure);
- “*electrically-propelled car*” has the meaning given by that section.
- (3) The amount which would, apart from this section, be allowable or capable of being included must be reduced by multiplying it by the fraction—
$£12,000+P2P$
where P is the retail price of the car when new.
- (4) If an amount has been reduced under subsection (3) and subsequently—
- (a) there is a rebate (however described) of the rentals, or
- (b) there occurs in connection with the rentals a transaction that falls within section 94 (debts deducted and subsequently released),
the amount otherwise taxable in respect of the rebate or transaction must be reduced by multiplying it by the fraction in subsection (3) above.
##### 578B
- (1) In section 578A “car” means a mechanically propelled road vehicle other than one—
- (a) of a construction primarily suited for the conveyance of goods or burden of any description, or
- (b) of a type not commonly used as a private vehicle and unsuitable for such use.
References to a car accordingly include a motor cycle.
- (2) For the purposes of section 578A, a car is a qualifying hire car if—
- (a) it is hired under a hire-purchase agreement (within the meaning of section 784(6)) under which there is an option to purchase exercisable on the payment of a sum equal to not more than 1 per cent. of the retail price of the car when new, or
- (b) it is a qualifying hire car for the purposes of Part 2 of the Capital Allowances Act (under section 82 of that Act).
- (3) In section 578A and this section “*new*” means unused and not second-hand.
- (4) The power under section 74(4) of the Capital Allowances Act to increase or further increase the sums of money specified in Chapter 8 of Part 2 of that Act includes the power to increase or further increase the sum of money specified in section 578A(2)(b) or (3).
##### 580A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 580B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 580C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Disposal of shares.
##### 581A
Interest within section 755(1) of ITTOIA 2005 (interest on foreign currency securities etc.) shall be paid without deduction of income tax.
##### 582A
- (1) The Treasury may by order designate for the purposes of any one or more of subsections (2) and (4) to (6) below . . . any international organisation of which the United Kingdom is a member; and in those subsections “*designated*” means designated under this subsection.
- (2) Section 43 shall not apply in the case of payment made by an organisation designated for the purposes of this subsection.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) Section 349(1) shall not apply in the case of a payment of an amount payable by an organisation designated for the purposes of this subsection.
- (5) Section 349(2) shall not apply in the case of interest payable by—
- (a) an organisation designated for the purposes of this subsection, or
- (b) a partnership of which such an organisation is a member.
- (6) An organisation designated for the purposes of this subsection shall not be a person to whom section 59 of the Finance Act 2004 applies.
#### Divers and diving supervisors.
##### 587A
- (1) This section applies where—
- (a) securities (old securities) of a particular kind are issued by way of the original issue of securities of that kind,
- (b) on a later occasion securities (new securities) of the same kind are issued,
- (c) a sum (the extra return) is payable in respect of the new securities, by the person issuing them, to reflect the fact that interest is accruing on the old securities,
- (d) the issue price of the new securities includes an element (whether or not separately identified) representing payment for the extra return, and
- (e) the extra return is equal to the amount of interest payable for the relevant period on so many old securities as there are new (or, if there are more new securities than old, the amount of interest which would be so payable if there were as many old securities as new),
but this section shall not apply for the purposes of corporation tax, except where the issue of the new securities was before 1st April 1996.
- (2) Anything payable or paid by way of the extra return shall be treated for the purposes of the Tax Acts as payable or paid by way of interest (to the extent that it would not be so treated apart from this subsection).
- (3) But as regards any payment by way of the extra return, relief shall not be given under any provision of the Tax Acts to the person by whom the new securities are issued; and “*relief*” here means relief by way of deduction in computing profits or gains or deduction or set off against income or total profits.
- (4) For the purposes of this section securities are of the same kind if they are treated as being of the same kind by the practice of a recognised stock exchange or would be so treated if dealt with on such a stock exchange.
- (5) For the purposes of this section the relevant period is the period beginning with the day following the relevant day and ending with the day on which the new securities are issued.
- (6) For the purposes of this section the relevant day is—
- (a) the last (or only) interest payment day to fall in respect of the old securities before the day on which the new securities are issued, or
- (b) the day on which the old securities were issued, in a case where no interest payment day fell in respect of them before the day on which the new securities are issued;
and an interest payment day, in relation to the old securities, is a day on which interest is payable under them.
##### 587B
- (1) Subsections (2) and (3) below apply where, otherwise than by way of a bargain made at arm’s length, an individual, or a company which is not itself a charity, disposes of the whole of the beneficial interest in a qualifying investment to a charity.
- (2) On a claim made in that behalf to an officer of the Board—
- (a) the relevant amount shall be allowed—
- (i) in the case of a disposal by an individual, as a deduction in calculating his total income for the purposes of income tax for the year of assessment in which the disposal is made;
- (ii) in the case of a disposal by a company, as a charge on income for the purposes of corporation tax for the accounting period in which the disposal is made; and
- (b) no relief in respect of the disposal shall be given under section 83A of this Act, section 108 of ITTOIA 2005 or any other provision of the Income Tax Acts;
but paragraph (a)(i) above shall not apply for the purposes of any computation under sections 535 to 537 of ITTOIA 2005.
- (3) The consideration for which the charity’s acquisition of the qualifying investment is treated by virtue of section 257(2) of the 1992 Act as having been made—
- (a) shall be reduced by the relevant amount; or
- (b) where that consideration is less than that amount, shall be reduced to nil.
- (4) Subject to subsections (5) to (7) below, the relevant amount is an amount equal to—
- (a) where the disposal is a gift, the value of the net benefit to the charity at, or immediately after, the time when the disposal is made (whichever time gives the lower value);
- (b) where the disposal is at an undervalue, the amount by which—
- (i) the value described in paragraph (a) above, exceeds
- (ii) the amount or value of the consideration for the disposal,
or, if there is no such excess, nil.
- (5) Where there are one or more benefits received in consequence of making the disposal which are received by the person making the disposal or a person connected with him, the relevant amount shall be reduced by the value of that benefit or, as the case may be, the aggregate value of those benefits; and section 839 applies for the purposes of this subsection.
- (6) Where the disposal is a gift, the relevant amount shall be increased by the amount of the incidental costs of making the disposal to the person making it.
- (7) Where the disposal is at an undervalue—
- (a) to the extent that the consideration for the disposal is less than that for which the disposal is treated as made by virtue of section 257(2)(a) of the 1992 Act, the relevant amount shall be increased by the amount of the incidental costs of making the disposal to the person making it; and
- (b) section 48 of that Act (consideration due after time of disposal) shall apply in relation to the computation of the relevant amount as it applies in relation to the computation of a gain.
- (8) In the case of a disposal by a company which is carrying on life assurance business—
- (a) if the company is charged to tax under Case I of Schedule D in respect of such business, subsections (2) and (3) above shall not apply;
- (b) if the company is not so charged to tax in respect of such business—
- (i) subsection (2)(a)(ii) above shall have effect as if for “a charge on income" there were substituted “expenses payable falling to be brought into account at Step 3 in section 76(7)”; and
- (ii) the relevant amount given by subsection (4) above shall be reduced by so much (if any) of that amount as is not referable to basic life assurance and general annuity business;
and for the purpose of determining how much (if any) of that amount is not so referable, section 432A shall have effect as if that amount were a gain accruing on the disposal of the qualifying investment to the company.
- (8A) The value of the net benefit to the charity is—
- (a) the market value of the qualifying investment, unless subsection (8B) below applies;
- (b) where that subsection applies, that market value reduced by the aggregate amount of the related liabilities of the charity (see subsections (8E) to (8G)).
- (8B) This subsection applies in any case where—
- (a) the charity is, or becomes, subject to an obligation to any person (whether or not the person making the disposal or a person connected with him), and
- (b) one or more of the conditions in subsection (8C) below is satisfied.
- (8C) For the purposes of subsection (8B) above—
- (a) condition 1 is that, taking into account all the circumstances (including, in particular, the difference in the value of the net benefit to the charity if subsection (8B) applies and if it does not), it is reasonable to suppose that the disposal of the qualifying investment to the charity would not have been made in the absence of the obligation;
- (b) condition 2 is that the obligation (whether in whole or in part) relates to, is framed by reference to, or is conditional on the charity receiving, the qualifying investment or a related investment (see subsection (8D)).
- (8D) In subsection (8C) above “*related investment*” means any of the following—
- (a) any asset of the same class or description as the qualifying investment (irrespective of size, quantity or amount);
- (b) any asset derived from, or representing, the qualifying investment whether in whole or in part and whether directly or indirectly;
- (c) any asset from which the qualifying investment is derived, or which the qualifying investment represents, whether in whole or in part and whether directly or indirectly.
- (8E) For the purposes of this section, the liabilities which are related liabilities in the case of any qualifying investment are the liabilities of the charity under each of the obligations that fall within subsection (8B) above (as read with subsection (8C) above) in relation to that investment.
- (8F) Where an obligation is contingent and the contingency occurs, the amount to be brought into account for the purposes of this section at any time in respect of the liability, so far as contingent, under the obligation is the amount or value of the liability actually incurred in consequence of the occurrence of the contingency.
- (8G) Where an obligation is contingent and the contingency does not occur, the amount to be brought into account for the purposes of this section at any time in respect of the liability, so far as contingent, is nil.
- (9) In this section—
- “*authorised unit trust*” and “*open-ended investment company*” have the meanings given by section 468;
- “*charity*” has the same meaning as in section 506 and includes each of the bodies mentioned in section 507(1);
- “*the incidental costs of making the disposal to the person making it*” shall be construed in accordance with section 38(2) of the 1992 Act;
- “*life assurance business*” and related expressions have the same meaning as in Chapter I of Part XII;
- “*obligation*” includes a reference to each of the following—any scheme, arrangement or understanding of any kind, whether or not legally enforceable;a series of obligations (whether or not between the same parties);
- “*offshore fund*” has the same meaning as in Chapter 5 of Part 17;
- “*qualifying investment*” means any of the following—shares or securities which are listed or dealt in on a recognised stock exchange;units in an authorised unit trust;shares in an open-ended investment company;. . . an interest in an offshore fund; anda qualifying interest in land;
- “*related liabilities*” shall be construed in accordance with subsection (8E) above;
- “*value of the net benefit to the charity*” shall be construed in accordance with subsection (8A) above.
- (9A) In this section a “*qualifying interest in land*” means—
- (a) a freehold interest in land, or
- (b) a leasehold interest in land which is a term of years absolute,
where the land in question is in the United Kingdom.
This subsection is subject to subsections (9B) to (9D) below.
- (9B) Where a person makes a disposal to a charity of—
- (a) the whole of his beneficial interest in such freehold or leasehold interest in land as is described in subsection (9A)(a) or (b) above, and
- (b) any easement, servitude, right or privilege so far as benefiting that land,
the disposal falling within paragraph (b) above is to be regarded for the purposes of this section as a disposal by the person of the whole of his beneficial interest in a qualifying interest in land.
- (9C) Where a person who has a freehold or leasehold interest in land in the United Kingdom grants a lease for a term of years absolute (or, in the case of land in Scotland, grants a lease) to a charity of the whole or part of that land, the grant of that lease is to be regarded for the purposes of this section as a disposal by the person of the whole of the beneficial interest in the leasehold interest so granted.
- (9D) For the purposes of subsection (9A) above, an agreement to acquire a freehold interest and an agreement for a lease are not qualifying interests in land.
- (9E) In the application of this section to Scotland—
- (a) references to a freehold interest in land are references to the interest of the owner,
- (b) references to a leasehold interest in land which is a term of years absolute are references to a tenant’s right over or interest in a property subject to a lease, and
- (c) references to an agreement for a lease do not include references to missives of let that constitute an actual lease.
- (10) Subject to subsection (11) below, the market value of any qualifying investment shall be determined for the purposes of this section as for the purposes of the 1992 Act.
- (10A) Section 839 (connected persons) applies for the purposes of this section.
- (11) In the case of an interest in an offshore fund for which there are separate published buying and selling prices, section 272(5) of the 1992 Act (meaning of “*market value*” in relation to rights of unit holders in a unit trust scheme) shall apply with any necessary modifications for determining the market value of the interest for the purposes of this section.
- (12) This section is supplemented by section 587C below.
##### 587BA
- (1) This section applies for the purposes of section 587B where a qualifying investment is a qualifying interest in land.
- (2) Where two or more persons (“the owners”)—
- (a) are jointly beneficially entitled to the qualifying interest in land, or
- (b) are, taken together, beneficially entitled in common to the qualifying interest in land,
relief under section 587B is available if at least one of the owners is a qualifying company and all the owners dispose of the whole of their beneficial interests in the qualifying interest in land to the charity.
- (3) Subsection (4) applies if one or more of the owners is not a company.
- (4) For the purpose of determining whether the owners' beneficial interests are disposed of as mentioned in subsection (2), section 587B(9B) and (9C) applies as if references to a company included a reference to a person who is not a company.
- (5) Relief under section 587B is available to each of the owners which is a qualifying company.
- (6) If one or more of the owners is an individual—
- (a) the relevant amount is taken to be the relievable amount calculated for the purposes of Chapter 3 of Part 8 of ITA 2007, and
- (b) the amount of relief under section 587B to be given to a qualifying company is such share of the relievable amount as is allocated to the company by the agreement mentioned in section 442(5) of ITA 2007.
- (7) Subsections (8) to (12) apply if none of the owners is an individual.
- (8) The amount of relief under section 587B to be given to a qualifying company is such share of the relevant amount as is allocated to the company by an agreement made between those owners which are qualifying companies.
- (9) Calculate the relevant amount as if—
- (a) the owners were a single qualifying company, and
- (b) the disposals of the owners' beneficial interests were a single disposal by that single company of the whole of the beneficial interest in the qualifying interest in land.
- (10) In particular, for the purposes of section 587B(7) calculate the consideration for which the disposal is made by virtue of section 257(2)(a) of the 1992 Act by—
- (a) calculating, for each owner, the consideration for which the disposal of the owner's beneficial interest is so made, and
- (b) adding together all the consideration calculated under paragraph (a).
- (11) If one or more of the owners is not a qualifying company, in calculating the relevant amount make just and reasonable adjustments to reduce the relevant amount to reflect the fact that relief under section 587B is not available to that owner or to those owners.
- (12) If one or more of the owners is within paragraph (b) of section 587B(8), in calculating the relevant amount make just and reasonable adjustments to reduce the relevant amount to reflect the requirements of sub-paragraph (ii) of that paragraph.
- (13) A company is a qualifying company if—
- (a) it is not itself a charity, and
- (b) it is not within section 587B(8)(a).
##### 587C
- (1) This section applies for the purposes of section 587B where a qualifying investment is a qualifying interest in land.
- (2) Where two or more persons—
- (a) are jointly beneficially entitled to the qualifying interest in land, or
- (b) are, taken together, beneficially entitled in common to the qualifying interest in land,
section 587B applies only if each of those persons disposes of the whole of his beneficial interest in the qualifying interest in land to the charity.
- (3) Relief under section 587B shall be available to each of the persons referred to in subsection (2) above, but the amount that may be allowed as respects any of them shall be only such share of the relevant amount as they may agree in the case of that person.
- (4) No person may make a claim for a relief under subsection (2) of section 587B unless he has received a certificate given by or on behalf of the charity.
- (5) The certificate must—
- (a) specify the description of the qualifying interest in land which is the subject of the disposal,
- (b) specify the date of the disposal, and
- (c) contain a statement that the charity has acquired the qualifying interest in land.
- (6) If, in the case of a disposal of a qualifying interest in land, a disqualifying event occurs at any time in the relevant period, the person (or each of the persons) who made the disposal to the charity shall be treated as never having been entitled to relief under section 587B in respect of the disposal.
- (7) All such assessments and adjustments of assessments are to be made as are necessary to give effect to subsection (6) above.
- (8) For the purposes of subsection (6) above a disqualifying event occurs if the person (or any one of the persons) who made the disposal or any person connected with him (or any one of them)—
- (a) becomes entitled to an interest or right in relation to all or part of the land to which the disposal relates, or
- (b) becomes party to an arrangement under which he enjoys some right in relation to all or part of that land,
otherwise than for full consideration in money or money’s worth.
- (9) A disqualifying event does not occur, for the purposes of subsection (6) above, if a person becomes entitled to an interest or right as mentioned in subsection (8)(a) above as a result of a disposition of property on death, whether the disposition is effected by will, under the law relating to intestacy or otherwise.
- (10) For the purposes of subsection (6) above the relevant period is the period beginning with the date of the disposal of the qualifying interest in land and ending with—
- (a) in the case of an individual, the fifth anniversary of the 31st January next following the end of the year of assessment in which the disposal was made, and
- (b) in the case of a company, the sixth anniversary of the end of the accounting period in which the disposal was made.
- (11) Section 839 (connected persons) applies for the purposes of this section.
- (12) This section shall be construed as one with section 587B.
#### Charges on income: interest payable to non-residents.
##### 589A
@@ -42707,7 +42441,7 @@
notwithstanding that it was not he who sold them.
#### Home improvement loans.
#### Second loans.
##### 730A
@@ -43729,7 +43463,7 @@
- (b) they are otherwise directed by the company to perform duties on its behalf in the territory.
#### Restrictions on right of set-off.
#### Extension of right of set-off to capital allowances.
##### 751AA
@@ -43757,7 +43491,7 @@
- (5) In subsection (4) “*the relevant amount*” means the amount (if any) by which it is just and reasonable that the chargeable profits should be treated as reduced, having regard to the effect of Parts 3 and 4 of Schedule 15 to FA 2009 on amounts brought into account for the purposes of corporation tax by the payer, or any other company.
#### Losses from trade etc. carried on abroad
#### Treatment of interest as a loss for purposes of carry-forward and carry-back.
##### 751AB
@@ -43941,7 +43675,7 @@
- (11) In this section “*the HMRC Commissioners*” means the Commissioners for Her Majesty's Revenue and Customs.
#### Losses other than terminal losses.
#### Losses from overseas property business.
##### 752A
@@ -44511,7 +44245,7 @@
- (d) a reference to an offshore fund being a non-qualifying fund shall be read in relation to times before the coming into force of this section as a reference to the main fund being a non-qualifying fund.
#### Leasing contracts and company reconstructions.
#### Terminal losses.
##### 762ZA
@@ -45027,7 +44761,7 @@
Schedule 28AA (which deals with provision made or imposed otherwise than at arm’s length) shall have effect.
#### Write-off of government investment.
#### Dealings in commodity futures etc: withdrawal of loss relief.
### Factoring of income receipts etc
@@ -45559,7 +45293,7 @@
- (4) Section 785B(2) has effect as if the reference to the amount of the capital payment were to such amount as is apportioned under subsection (2) in respect of the plant or machinery within subsection (2)(a).
#### Meaning of “associated company” and “control”.
#### Certain quoted companies not to be close companies.
##### 785E
@@ -45577,7 +45311,7 @@
#### Section 432B apportionment: income of non-participating funds.
#### Transfers of business involving excess assets
#### Apportionment of asset value increase where line 51 amount decreases
##### 793A
@@ -46937,7 +46671,7 @@
#### Reduced loss relief for additions to non-profit funds
#### Sections 434AZA and 434AZB: supplementary
#### Additions to non-profit funds: amount of loss reduction
##### 815A
@@ -46971,7 +46705,7 @@
- (b) income of a person resident in the United Kingdom to which section 858 of ITTOIA 2005 applies.
#### Determination of policy holders’ share for purposes of s.438B
#### Income or gains arising from property investment LLP
##### 815AA
@@ -47029,9 +46763,9 @@
- (3) An Order under this section shall not be submitted to Her Majesty in Council unless a draft of the Order has been laid before and approved by a resolution of the House of Commons.
#### Modifications for change of tax basis
#### Overseas life assurance business.
#### Modifications where tax charged under Case I of Schedule D.
#### Modifications in relation to BLAGAB group reinsurers
##### 826A
@@ -47204,6 +46938,7 @@
| Paragraph 8(2)(b)(i) of Schedule 3 to the Finance Act 1971 | Occupational pension schemes (refunds of contributions and commutation payments) |
| Section 68(2) of the Finance Act 1989 | Employee share ownership trust (chargeable event) |
| Section 71(4) of the Finance Act 1989 | Employee share ownership trust (borrowing) |
| Paragraph 3(1) of Schedule 12 to the Finance (No. 2) Act 1992 | Banks etc. in compulsory liquidation (taxation of certain receipts) |
| Paragraph 11(3) of Schedule 20 to the Finance Act 1994 | Self-assessment transitional |
| Section 258(4) of the Capital Allowances Act | Special leasing |
| Section 479(4) of the Capital Allowances Act | Persons having qualifying non-trade expenditure |
@@ -48390,7 +48125,7 @@
## SCHEDULE 4A
#### Interest paid on deposits with banks etc.
#### Determination of reduced rate for building societies and composite rate for banks etc.
##### 1
@@ -48438,7 +48173,7 @@
An averaging claim must be made not later than twelve months after the 31st January next following the end of the later of the tax years to which it relates.
#### “Deposit-taker”, “deposit” and “relevant deposit”.
#### Treatment of oil extraction activities etc. for tax purposes.
##### 6
@@ -50340,7 +50075,7 @@
## SCHEDULE 12AA
#### Information: supplementary provisions
#### Non-resident policies and off-shore capital redemption policies.
##### 1
@@ -50354,7 +50089,7 @@
“*Business travel*” means travelling the expenses of which, if incurred and defrayed by the employee in question out of the emoluments of his employment, would (in the absence of sections 197AD to 197AF) be deductible under section 198(1) (general relief for necessary expenses).
#### Tax representatives.
#### Exceptions from section 559.
##### 3
@@ -50405,7 +50140,7 @@
One employment is associated with another if—
#### Information: supplementary provisions
#### Conditions to be satisfied by individuals.
##### 5
@@ -50433,7 +50168,7 @@
- (2) Section 168(6) (when cars and vans are made available for private use and are made available by reason of employment) applies for the purposes of sub-paragraph (1).
#### Overseas life assurance business: life policies.
#### Conditions to be satisfied by companies.
##### 7
@@ -54528,24025 +54263,23947 @@
- (5) The amount is the amount of the ring fence loss in the deemed accounting period beginning on 1st January 2006 determined under paragraph 18 of Schedule 19C for the purposes of Part 4 of that Schedule.
#### Change in company ownership: corporation tax.
##### 19
- (1) For the purpose of determining the amount of any post-commencement supplement, a qualifying company shall be taken at all times in its post-commencement periods to have—
- (a) a continuing pool of the company’s non-qualifying losses (the “non-qualifying pool”), and
- (b) a continuing mixed pool of the company’s qualifying E&A losses and post-commencement supplement (the “qualifying pool”).
- (2) A pool continues even if the amount in it is nil.
##### 20
- (1) The non-qualifying pool consists of the company’s non-qualifying losses, allocated to the pool in accordance with sub-paragraph (2).
- (2) A non-qualifying loss is allocated to the pool by adding the amount of the non-qualifying loss to the pool in the period of the loss.
- (3) In the case of a non-qualifying loss incurred in an accounting period ending on or before 31st December 2003, the period of the loss shall be taken for the purposes of sub-paragraph (2) to be the first accounting period of the company that ends on or after 1st January 2004.
- (4) The amount in the non-qualifying pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (5) Where a reduction in the amount in the non-qualifying pool falls to be made in any accounting period—
- (a) the reduction is to be made after the addition to the pool of any non-qualifying loss allocated to the pool in that period in accordance with sub-paragraph (2), and
- (b) references to the amount in the non-qualifying pool shall be construed accordingly.
##### 21
- (1) The qualifying pool consists of—
- (a) the company’s qualifying E&A losses, allocated to the pool in accordance with sub-paragraph (2)(a), and
- (b) the company’s post-commencement supplement, allocated to the pool in accordance with sub-paragraph (2)(b).
- (2) The allocation of qualifying E&A losses and post-commencement supplement to the pool is as follows—
- (a) the amount of a qualifying E&A loss is added to the pool in the period of the loss, and
- (b) if any post-commencement supplement is allowed on a claim in respect of a post-commencement period, the amount of that supplement is added to the pool in that period.
- (3) The amount in the qualifying pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (4) Where a reduction in the amount in the qualifying pool falls to be made in any accounting period, the reduction is to be made—
- (a) after the addition to the pool of the amount of any qualifying E&A losses allocated to the pool in that period in accordance with sub-paragraph (2)(a), but
- (b) before determining, and adding to the pool, the amount of any supplement claimed in respect of the period,
and references to the amount in the pool shall be construed accordingly.
##### 22
- (1) If one or more ring fence losses are set off under section 393 against any profits of a post-commencement period, reductions shall be made in that period in accordance with this paragraph.
- (2) The amount in the non-qualifying pool shall be reduced (but not below nil) by setting against it a sum equal to the total amount so set off.
- (3) If any of that sum remains after being so set against the amount in the non-qualifying pool, the amount in the qualifying pool shall be reduced (but not below nil) by setting against it so much of that sum as so remains.
##### 23
- (1) If there is an amount of unrelieved group ring fence profits for a post-commencement period, reductions shall be made in that period in accordance with this paragraph.
- (2) In the following provisions of this paragraph, references to the remaining amount in a pool are references to so much (if any) of the amount in the pool as remains after making any reductions that fall to be made in accordance with paragraph 22.
- (3) The remaining amount in the non-qualifying pool shall be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (4) If any of that sum remains after being so set against the remaining amount in the non-qualifying pool, the remaining amount in the qualifying pool shall be reduced (but not below nil) by setting against it so much of that sum as so remains.
##### 24
For the purposes of this Part of this Schedule the reference amount for a post-commencement period is so much of the amount in the qualifying pool as remains after making any reductions required by paragraph 22 or 23.
## SCHEDULE 19C
## Part 1 — Introductory
### About this Schedule
##### 1
- (1) This Schedule entitles a company carrying on a ring fence trade, on making a claim in respect of an accounting period beginning on or after 1st January 2006, to a supplement (initially of 6%, but variable by Treasury order) in respect of—
- (a) qualifying pre-commencement expenditure incurred before the trade is set up and commenced,
- (b) losses incurred in the trade, and
- (c) some or all of the supplement allowed in respect of earlier periods.
- (2) Part 2 makes provision about the application and interpretation of this Schedule.
- (3) Part 3 makes provision about supplement in relation to expenditure incurred by the company—
- (a) with a view to carrying on a ring fence trade, but
- (b) in an accounting period before the company sets up and commences that trade.
- (4) Part 4 makes provision about supplement in relation to losses incurred in carrying on the ring fence trade.
- (5) There is a limit on the number of accounting periods (6) in respect of which a company may claim supplement.
- (6) In determining the amount of supplement allowable, reductions fall to be made in respect of—
- (a) disposal receipts in respect of any asset representing qualifying pre-commencement expenditure,
- (b) ring fence losses that could be set off under section 393A against ring fence profits of earlier periods,
- (c) ring fence losses incurred in earlier periods that fall to be set off under section 393 against profits of succeeding periods,
- (d) unrelieved group ring fence profits.
## Part 2 — Application and interpretation
### Qualifying companies
##### 2
This Schedule applies in relation to any company which—
- (a) carries on a ring fence trade, or
- (b) is engaged in any activities with a view to carrying on a ring fence trade,
and in this Schedule any such company is referred to as a “*qualifying company*”.
### Accounting periods
##### 3
- (1) In this Schedule, in the case of any qualifying company,—
- “*the commencement period*” means the accounting period in which the company sets up and commences its ring fence trade;
- “*post-commencement period*” means any accounting period beginning on or after 1st January 2006—which is the commencement period, orwhich ends after the commencement period;
- “*pre-commencement period*” means any accounting period—beginning on or after 1st January 2006, andending before the commencement period.
- (2) For the purposes of this Schedule a company not within the charge to corporation tax which incurs any expenditure is to be treated as having such accounting periods as it would have if—
- (a) it carried on a trade consisting of the activities in respect of which the expenditure is incurred, and
- (b) it had started to carry on that trade when it started to carry on the activities in the course of which the expenditure is incurred.
- (3) In the case of an accounting period (a “straddling period”) of any qualifying company beginning before 1st January 2006 and ending on or after that date—
- (a) so much of the straddling period as falls before 1st January 2006, and
- (b) so much of the straddling period as falls on or after that date,
are treated as separate accounting periods for the purposes of this Schedule.
- (4) But special provision is made elsewhere in this Schedule in relation to straddling periods (see paragraphs 5, 18 and 21(4) to (6)).
### The relevant percentage
##### 4
- (1) For the purposes of this Schedule, the relevant percentage for any accounting period beginning on or after 1st January 2006 is 6%.
- (2) The Treasury may by order vary the percentage for the time being specified in sub-paragraph (1) above for such accounting periods as may be specified in the order.
### Limit on number of accounting periods for which supplement may be claimed
##### 5
- (1) A company may claim supplement under this Schedule in respect of no more than 6 accounting periods.
- (2) The accounting periods in respect of which claims are made need not be consecutive.
- (3) A claim for supplement by the company under Schedule 19B (exploration expenditure supplement) in respect of an accounting period is to count for the purposes of this paragraph as a claim for supplement under this Schedule in respect of that accounting period.
- (4) But, if the company makes a claim for supplement under this Schedule in respect of the deemed accounting period, any claim for supplement by the company under Schedule 19B in respect of the Schedule 19B deemed accounting period is to be ignored for the purposes of this paragraph.
- (5) For this purpose—
- “*the deemed accounting period*” means the deemed accounting period under paragraph 3(3) beginning on 1st January 2006, and
- “*the Schedule 19B deemed accounting period*” means the deemed accounting period under paragraph 3(3) of Schedule 19B ending before 1st January 2006.
### Qualifying pre-commencement expenditure
##### 6
- (1) For the purposes of this Schedule, expenditure is “qualifying pre-commencement expenditure” if it meets conditions A to D.
- (2) Condition A is that the expenditure is incurred on or after 1st January 2006.
- (3) Condition B is that the expenditure is incurred in the course of oil extraction activities.
- (4) Condition C is that the expenditure is incurred by a person with a view to carrying on a ring fence trade but before the person sets up and commences the ring fence trade.
- (5) Condition D is that the expenditure—
- (a) is subsequently allowable as a deduction in calculating the profits of the ring fence trade for the commencement period (whether or not any part of it is so allowable for any post-commencement period), or
- (b) is relevant R&D expenditure incurred by an SME.
- (6) For the purposes of this paragraph, expenditure incurred by a company is “relevant R&D expenditure incurred by an SME” if—
- (a) the company makes an election under paragraph 14 of Schedule 20 to the Finance Act 2000 (R&D tax relief for SMEs: alternative treatment of pre-trading expenditure) in respect of that expenditure, but
- (b) the company does not make a claim for an R&D tax credit under that Schedule in respect of that expenditure.
- (7) In the case of any qualifying pre-commencement expenditure which is relevant R&D expenditure incurred by an SME, the amount of that expenditure is treated for the purposes of this Schedule as being equal to 150% of its actual amount.
- (8) In the case of any qualifying pre-commencement expenditure which is relevant R&D expenditure incurred by a large company, the amount of that expenditure is treated for the purposes of this Schedule as being equal to 125% of its actual amount.
- (9) For this purpose “*relevant R&D expenditure incurred by a large company*” means qualifying expenditure within the meaning given by paragraph 11(3) of Schedule 12 to the Finance Act 2002 (R&D tax relief for large companies).
### Unrelieved group ring fence profits for accounting periods
##### 7
- (1) There is an amount of unrelieved group ring fence profits for an accounting period of a qualifying company (“company Q”) if—
- (a) the company and any other company (“company X”) are members of the same group of companies, within the meaning given by section 413(3)(a), and
- (b) company X has an amount of taxable ring fence profits (see paragraph 8) for a corresponding accounting period.
- (2) An accounting period of company X corresponds to an accounting period of company Q if—
- (a) it coincides with, or falls wholly within, the accounting period of company Q, or
- (b) it falls partly within the accounting period of company Q.
- (3) If an accounting period of company X—
- (a) coincides with an accounting period of company Q, or
- (b) falls wholly within an accounting period of company Q,
there is, for the accounting period of company Q, an amount of unrelieved group ring fence profits equal to the whole of company X's taxable ring fence profits for its accounting period.
- (4) If an accounting period of company X falls partly within an accounting period of company Q—
- (a) there is an amount of unrelieved group ring fence profits for the accounting period of company Q, and
- (b) that amount is an amount equal to the part of company X's taxable ring fence profits for its accounting period that is attributable, on an apportionment in accordance with section 834(4), to the part of that period which falls within the accounting period of company Q.
- (5) This paragraph applies for the purposes of this Schedule.
### Taxable ring fence profits of an accounting period
##### 8
For the purposes of this Schedule, a company has taxable ring fence profits for an accounting period if it has an amount of ring fence profits which is chargeable to corporation tax for that accounting period after any group relief claimed under Chapter 4 of Part 10.
## Part 3 — Pre-commencement supplement
### Supplement in respect of a pre-commencement accounting period
##### 9
- (1) If—
- (a) a qualifying company incurs qualifying pre-commencement expenditure in respect of a ring fence trade, and
- (b) the expenditure is incurred before the commencement period,
the company may claim supplement under this Part of this Schedule (“pre-commencement supplement”) in respect of one or more pre-commencement periods.
- (2) Any pre-commencement supplement allowed on a claim in respect of a pre-commencement period is to be treated as expenditure—
- (a) which is incurred by the company in the commencement period, and
- (b) which is allowable as a deduction in calculating the profits of the ring fence trade for that period.
- (3) The amount of the supplement for any pre-commencement period in respect of which a claim under this paragraph is made is the relevant percentage for that period of the reference amount for that period.
- (4) If the pre-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) is to be reduced proportionally.
- (5) Paragraphs 10 to 13 have effect for the purpose of determining the reference amount for a pre-commencement period.
### The mixed pool of qualifying pre-commencement expenditure and supplement previously allowed
##### 10
- (1) For the purpose of determining the amount of any pre-commencement supplement, a qualifying company is to be taken to have had, at all times in the pre-commencement periods of the company, a continuing mixed pool of—
- (a) the relevant amount (if any) which the company carries forward under Schedule 19B,
- (b) qualifying pre-commencement expenditure, and
- (c) pre-commencement supplement.
- (2) The pool is to be taken to have consisted of—
- (a) the relevant amount (if any) which the company carries forward under Schedule 19B,
- (b) the company's qualifying pre-commencement expenditure, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (3), and
- (c) the company's pre-commencement supplement, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (4).
- (3) To allocate qualifying pre-commencement expenditure to the pool for any pre-commencement period, take the following steps—
- (a) *Step 1:* count as eligible expenditure for that period so much of the qualifying pre-commencement expenditure mentioned in paragraph 9(1) as was incurred in that period,
- (b) *Step 2:* find the total of all the eligible expenditure for that period (amount E),
- (c) *Step 3:* if paragraph 11 applies, reduce amount E in accordance with that paragraph,
- (d) *Step 4:* if paragraph 12 applies, reduce (or, as the case may be, further reduce) amount E in accordance with that paragraph,
and so much of amount E as remains after making those reductions is to be taken to have been added to the pool in that period.
- (4) If any pre-commencement supplement is allowed on a claim in respect of a pre-commencement period, the amount of that supplement is to be taken to have been added to the pool in that period.
- (5) In this paragraph references to the relevant amount (if any) which the company carries forward under Schedule 19B are to the amount in its mixed pool for the purposes of Part 3 of Schedule 19B immediately before 1st January 2006.
### Reduction in respect of disposal receipts under the Capital Allowances Act
##### 11
- (1) This paragraph applies in the case of the qualifying company if—
- (a) it incurs qualifying pre-commencement expenditure in respect of a ring fence trade in any pre-commencement period,
- (b) it would, on the relevant assumption, be entitled to an allowance under any provision of the Capital Allowances Act in respect of that expenditure,
- (c) an event occurs in relation to any asset representing the expenditure in any pre-commencement period, and
- (d) the event would, on the relevant assumption, require a disposal value (the “deductible amount”) to be brought into account under any provision of the Capital Allowances Act for any pre-commencement period.
- (2) The relevant assumption is that the company was carrying on the ring fence trade—
- (a) when the expenditure was incurred, and
- (b) when the event giving rise to the disposal value occurred.
- (3) For the purpose of allocating qualifying pre-commencement expenditure to the pool for each pre-commencement period—
- (a) find the total amount of the disposal values in the case of all such events (amount D), and
- (b) taking later periods before earlier periods, reduce (but not below nil) amount E for any pre-commencement period by setting against it so much of amount D as does not fall to be set against amount E for a later pre-commencement period.
### Reduction in respect of unrelieved group ring fence profits
##### 12
- (1) This paragraph applies if there is an amount of unrelieved group ring fence profits for a pre-commencement period.
- (2) For the purpose of allocating qualifying pre-commencement expenditure to the pool for that period—
- (a) find so much (if any) of amount E for that period as remains after any reduction falling to be made under paragraph 11, and
- (b) reduce that amount (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
### The reference amount for a pre-commencement period
##### 13
For the purposes of this Part of this Schedule, the reference amount for a pre-commencement period is the amount in the pool at the end of the period—
- (a) after the addition to the pool of any qualifying pre-commencement expenditure allocated to the pool for that period in accordance with paragraph 10(3), but
- (b) before determining, and adding to the pool, the amount of any pre-commencement supplement claimed in respect of the period.
### Claims for pre-commencement supplement
##### 14
- (1) Any claim for pre-commencement supplement in respect of a pre-commencement period must be made as a claim for the commencement period.
- (2) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) applies in relation to a claim for pre-commencement supplement as it applies in relation to a claim for group relief.
## Part 4 — Post-commencement supplement
### Supplement in respect of a post-commencement period
##### 15
- (1) A qualifying company which incurs a ring fence loss (see paragraph 17) in a post-commencement period may claim supplement under this Part of this Schedule (“post-commencement supplement”) in respect of—
- (a) that period, or
- (b) any subsequent accounting period in which it carries on its ring fence trade.
- (2) Any post-commencement supplement allowed on a claim in respect of a post-commencement period is to be treated for the purposes of the Corporation Tax Acts (other than this Part of this Schedule or Part 4 of Schedule 19B) as if it were a loss—
- (a) which is incurred in carrying on the ring fence trade in that period, and
- (b) which falls in whole to be set off under section 393 against trading income from the ring fence trade in succeeding accounting periods.
- (3) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) applies in relation to a claim for post-commencement supplement as it applies in relation to a claim for group relief.
### Amount of post-commencement supplement for a post-commencement period
##### 16
- (1) The amount of the post-commencement supplement for any post-commencement period in respect of which a claim under paragraph 15 is made is the relevant percentage for that period of the reference amount for that period.
- (2) If the post-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) is to be reduced proportionally.
- (3) Paragraphs 19 to 23 have effect for the purpose of determining the reference amount for a post-commencement period.
### Ring fence losses
##### 17
- (1) If—
- (a) in any post-commencement period (“the period of the loss”) a qualifying company carrying on a ring fence trade incurs a loss in the trade, and
- (b) some or all of the loss falls to be set off under section 393 against trading income from the trade in succeeding accounting periods,
so much of the loss as falls to be so set off is a “ring fence loss” of the company.
- (2) In determining for the purposes of this Part of this Schedule how much of a loss incurred in a ring fence trade falls to be set off as mentioned in sub-paragraph (1)(b), the following assumption is to be made.
- (3) The assumption is that every claim is made that could be made by the company under section 393A to set losses incurred in the ring fence trade against ring fence profits of earlier post-commencement periods.
- (4) This paragraph is subject to paragraph 18 (special rule for straddling periods).
- (5) This paragraph has effect for the purposes of this Part of this Schedule.
### Special rule for straddling periods
##### 18
- (1) This paragraph applies if the period of the loss in which a ring fence loss is incurred is the deemed accounting period under paragraph 3(3) beginning on 1st January 2006 (“the deemed accounting period”).
- (2) The amount of the ring fence loss in the deemed accounting period is determined as follows.
- *Step 1*
- Calculate so much of the ring fence loss in the straddling period as, for the purposes of Part 4 of Schedule 19B, is attributable to qualifying E&A allowances for the straddling period.
- The amount given by this step is “the qualifying Schedule 19B amount”.
- *Step 2*
- Calculate so much of the ring fence loss in the straddling period as is attributable to allowances for the straddling period under Part 6 of the Capital Allowances Act in respect of relevant expenditure.
- For the purposes of this step “*relevant expenditure*” means expenditure incurred by the company on or after 1st January 2006 which, but for that fact, would be qualifying E&A expenditure for the purposes of Schedule 19B.
- For the purposes of this step a ring fence loss is attributable to those allowances to the extent that the amount of the loss (less the qualifying Schedule 19B amount) does not exceed the amount of those allowances for that period.
- The amount given by this step is “the amount of the post-1st January 2006 E&A allowances”.
- *Step 3*
- Deduct the qualifying Schedule 19B amount and the amount of the post-1st January 2006 E&A allowances from the amount of the ring fence loss in the straddling period.
- *Step 4*
- Apportion the remaining amount of that loss (if any) to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- The amount given by this step is “the amount of the apportioned loss”.
- *Step 5*
- The amount of the ring fence loss in the deemed accounting period is the amount of the apportioned loss plus the amount of the post-1st January 2006 E&A allowances.
- (3) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company—
- (a) beginning before 1st January 2006, and
- (b) ending on or after that date,
disregarding paragraph 3(3).
- (4) In this paragraph references to the ring fence loss in the straddling period are to that loss determined on the assumption that the straddling period is the period of the loss for the purposes of paragraph 17.
- (5) This paragraph has effect for the purposes of this Part of this Schedule.
### The pool of ring fence losses and the pool of non-qualifying Schedule 19B losses
##### 19
- (1) For the purpose of determining the amount of any post-commencement supplement, a qualifying company is to be taken at all times in its post-commencement periods to have a continuing mixed pool (the “ring fence pool”) of—
- (a) the carried forward qualifying Schedule 19B amount,
- (b) the company's ring fence losses, and
- (c) post-commencement supplement.
- (2) The ring fence pool continues even if the amount in it is nil.
- (3) For the purpose of determining the amount of any post-commencement supplement, a qualifying company is also to be taken in its post-commencement periods to have a non-qualifying pool consisting of the carried forward non-qualifying Schedule 19B amount.
- (4) But the non-qualifying pool ceases to exist when the amount in it is reduced to nil.
- (5) In this paragraph—
- “*the carried forward qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006, and
- “*the carried forward non-qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its non-qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006.
### The ring fence pool
##### 20
- (1) The ring fence pool consists of—
- (a) the carried forward qualifying Schedule 19B amount,
- (b) the company's ring fence losses, allocated to the pool in accordance with sub-paragraph (2)(a), and
- (c) the company's post-commencement supplement, allocated to the pool in accordance with sub-paragraph (2)(b).
- (2) The allocation of ring fence losses and post-commencement supplement to the pool is as follows—
- (a) the amount of a ring fence loss is added to the pool in the period of the loss, and
- (b) if any post-commencement supplement is allowed on a claim in respect of a post-commencement period, the amount of that supplement is added to the pool in that period.
- (3) The amount in the ring fence pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (4) If a reduction in the amount in the ring fence pool falls to be made in any accounting period, the reduction is to be made—
- (a) after the addition to the pool of the amount of any ring fence losses allocated to the pool in that period in accordance with sub-paragraph (2)(a), but
- (b) before determining, and adding to the pool, the amount of any supplement claimed in respect of the period,
and references to the amount in the pool are to be read accordingly.
- (5) In this paragraph “*the carried forward qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006.
### Reductions in respect of utilised ring fence losses
##### 21
- (1) If one or more ring fence losses are set off under section 393 against any profits of a post-commencement period, reductions are to be made in that period in accordance with this paragraph.
- (2) If the company has a non-qualifying pool, the amount in the non-qualifying pool is to be reduced (but not below nil) by setting against it a sum equal to the total amount so set off.
- (3) If—
- (a) any of that sum remains after being so set against the amount in the non-qualifying pool, or
- (b) the company does not have a non-qualifying pool,
the amount in the ring fence pool is to be reduced (but not below nil) by setting against it so much of that sum as so remains or (as the case may be) a sum equal to the total amount set off as mentioned in sub-paragraph (1).
- (4) If the post-commencement period is the deemed accounting period under paragraph 3(3) beginning on 1st January 2006 (“the deemed accounting period”), the amount of the profits of the deemed accounting period is determined as follows.
- (5) The amount of the profits of the straddling period is apportioned to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- (6) The apportioned amount is taken for the purposes of this paragraph to be the amount of the profits of the deemed accounting period.
- (7) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company—
- (a) beginning before 1st January 2006, and
- (b) ending on or after that date,
disregarding paragraph 3(3).
### Reductions in respect of unrelieved group ring fence profits
##### 22
- (1) If there is an amount of unrelieved group ring fence profits for a post-commencement period, reductions are to be made in that period in accordance with this paragraph.
- (2) If, after making any reductions that fall to be made in accordance with paragraph 21, the company does not have a non-qualifying pool, the remaining amount in the ring fence pool is to be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (3) If, after making any reductions that fall to be made in accordance with paragraph 21, the company has an amount in a non-qualifying pool, the amount in that pool is to be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (4) If any of that sum remains after being so set against the amount in the non-qualifying pool, the remaining amount in the ring fence pool is to be reduced (but not below nil) by setting against it so much of that sum as so remains.
- (5) For the purposes of this paragraph references to the remaining amount in the ring fence pool are references to so much (if any) of the amount in the ring fence pool as remains after making any reductions that fall to be made in accordance with paragraph 21.
### The reference amount for a post-commencement period
##### 23
For the purposes of this Part of this Schedule the reference amount for a post-commencement period is so much of the amount in the ring fence pool as remains after making any reductions required by paragraph 21 or 22.
##### 3A
Any investment in a common deposit fund established under section 22A of the Charities Act 1960 or section 25 of the Charities Act 1993 or in any similar fund established for the exclusive benefit of charities by or under any enactment relating to any particular charities or class of charities.
##### 6A
Shares in an open-ended investment company.
##### 7A
Uncertificated eligible debt security units as defined in section 552(2) of ITTOIA 2005.
##### 7A
- (1) This paragraph applies if a calculation falls to be made under paragraph 7 above in a case where—
- (a) relief is to be given under section 454 of ITTOIA 2005 (listed deeply discounted securities held since 26th March 2003: relief for losses) in respect of a loss sustained on the disposal of securities, and
- (b) had there been a profit on the disposal it would have been eligible for relief from tax for the year of assessment in which the loss is sustained by virtue of section 592(2).
- (2) That relief is to be given before the calculation under paragraph 7 above is made.
- (3) Then the amount of income to which the specified percentage is applied by virtue of sub-paragraph (3)(a) of that paragraph is reduced by the amount of that relief.
- (4) In this paragraph “*disposal*” has the same meaning as in Chapter 8 of Part 4 of ITTOIA 2005.
## SCHEDULE 23ZA
### Interpretation
##### 1
- (1) In this Schedule—
- “*the date of the change*” shall be construed in accordance with paragraph 3(2) below;
- “*eligible scheme*” shall be construed in accordance with paragraph 2(4) below;
- “*the personal pension provisions of this Act*” means this Schedule and the other provisions of Chapter IV of Part XIV;
- “*prescribed*” (except in paragraph 2(3)(c)) means specified in, or determined in accordance with, regulations;
- “*regulations*” means regulations made by the Board.
- (2) Any power conferred by this Schedule to make regulations includes power to make different provision for different cases or different purposes.
### Eligible schemes
##### 2
- (1) This Schedule applies to any retirement benefits scheme which is for the time being approved under Chapter I of Part XIV.
- (2) Sub-paragraph (1) above is subject to the following provisions of this paragraph.
- (3) This Schedule applies to a retirement benefits scheme only if—
- (a) it is an occupational pension scheme, as defined in section 1 of the Pension Schemes Act 1993 or section 1 of the Pensions Schemes (Northern Ireland) Act 1993;
- (b) it is a money-purchase scheme, as defined in section 181 of the Pension Schemes Act 1993 or section 176 of the Pensions Schemes (Northern Ireland) Act 1993;
- (c) any documents relating to the scheme which are prescribed under section 631(1) are such that, subject to approval under paragraph 3 below, the scheme is capable of being an approved personal pension scheme for the purposes of Chapter IV of Part XIV as from the date of the change; and
- (d) such other conditions as may be prescribed are satisfied in the case of the scheme.
- (4) Any retirement benefits scheme to which this Schedule applies is referred to in this Schedule as an “eligible scheme".
### Approval of eligible schemes as approved personal pension schemes
##### 3
- (1) The trustees of an eligible scheme may at any time on or after 1st October 2000 apply to the Board for approval of the scheme under this paragraph.
- (2) If an application under sub-paragraph (1) above is granted, the eligible scheme shall, as from such date as the Board may specify in granting the application (the “*date of the change*”),—
- (a) irrevocably cease to be approved, and to be capable of approval, under Chapter I of Part XIV; and
- (b) become an approved personal pension scheme (and subject accordingly to section 631(4) and the other provisions of Chapter IV of Part XIV).
- (3) The date of the change must not be earlier than 6th April 2001.
- (4) An application under sub-paragraph (1) above shall be in such form, shall contain such information, and shall be accompanied by such documents, in such form, and prepared as at such time, as the Board may prescribe.
- (5) The Board may at their discretion grant or refuse an application under sub-paragraph (1) above.
- (6) The Board’s discretion under sub-paragraph (5) above shall be subject to the restrictions set out in sections 632 to 638A and this Schedule.
- (7) The Board shall give notice to the applicant of the grant or refusal of an application.
- (8) A notice under sub-paragraph (7) above shall, in the case of a refusal, state the grounds for the refusal.
- (9) If, at any time after the making of an application under sub-paragraph (1) above, the eligible scheme concerned ceases to be approved under Chapter I of Part XIV otherwise than by virtue of the operation of sub-paragraph (2)(a) above, the scheme shall not, by virtue of that application, become an approved personal pension scheme.
### Excessive funding of certain individual members
##### 4
- (1) The Board may refuse or withhold approval under paragraph 3 above in the case of an eligible scheme of a prescribed description if or so long as they are not satisfied that prescribed requirements will be fulfilled with respect to—
- (a) the value of any prescribed benefits which may be provided for or in respect of an individual member of a prescribed description, and
- (b) the value of the assets held for the purpose of providing benefits for or in respect of that member,
if approval under paragraph 3 above is granted.
- (2) Regulations may make provision for or in connection with cases where the value mentioned in paragraph (b) of sub-paragraph (1) above exceeds, or exceeds by more than a prescribed percentage, the value mentioned in paragraph (a) of that sub-paragraph.
- (3) The provision that may be made by virtue of sub-paragraph (2) above includes provision for or in connection with eliminating or reducing any such excess within a prescribed period by one or more prescribed methods.
- (4) Regulations may make provision for the purposes of this paragraph for or in connection with—
- (a) the valuation of benefits; or
- (b) the valuation of assets.
- (5) The provision that may be made by virtue of sub-paragraph (4)(a) or (b) above includes provision with respect to, or in connection with,—
- (a) the person by whom any such valuation is to be made;
- (b) the method or principles of valuation to be used;
- (c) certification of any such valuations and of any prescribed matters relating to or connected with them;
- (d) any facts, matters or assumptions by reference to which any such valuation is to be made;
- (e) any tables to be used for the purpose of making any such valuation;
- (f) the basis on which any such tables are to be prepared;
- (g) the manner in which any such tables are to be applied.
- (6) The methods or principles of valuation and the tables that may be prescribed by virtue of sub-paragraph (5) above include methods or principles or, as the case may be, tables published by the Government Actuary for any purposes of the personal pension provisions of this Act.
### Directions as to contributions between valuation and date of change etc.
##### 5
- (1) The Board may give directions for or in connection with—
- (a) prohibiting the making of contributions during the post-valuation period, or
- (b) restricting the amount of the contributions that may be made during that period,
by or in respect of members of a converting scheme.
- (2) Directions under sub-paragraph (1) above—
- (a) may be given in respect of schemes generally, schemes of a particular description or any particular scheme or schemes; and
- (b) may make different provision in relation to different schemes or different members.
- (3) Any directions under sub-paragraph (1) above must be complied with by—
- (a) the trustees and managers, or administrators, of any scheme to which the directions relate;
- (b) any member of such a scheme to whom the directions relate; and
- (c) any person who is the employer of such a member.
- (4) If there is any contravention of, or failure to comply with, directions under sub-paragraph (1) above, the Board may—
- (a) refuse or withhold approval of the conversion application in question; or
- (b) revoke or vary any approval granted or any conditions pending the satisfaction of which approval is withheld.
- (5) Sub-paragraph (4) above is without prejudice to any other powers of the Board.
- (6) In this paragraph—
- “*conversion application*”, in the case of a converting scheme, means the application under paragraph 3(1) above in respect of the scheme;
- “*converting scheme*” means a scheme in respect of which an application under paragraph 3(1) above has been made and not withdrawn or finally refused;
- “*the post-valuation period*”, in the case of a converting scheme, means the period which—begins with the day as at which any valuation for the purposes of paragraph 4 above is made in connection with the conversion application; andends with the day preceding the date of the change (or, if earlier, the date on which the conversion application is withdrawn or finally refused).
- (7) For the purposes of this paragraph, an application is “*finally refused*” when it has been refused by the Board and—
- (a) the time for appealing under section 651 against the refusal has expired without such an appeal being made; or
- (b) an appeal under that section against the refusal has been withdrawn or finally disposed of in a way which affirms refusal of the application.
- (8) Any directions under this paragraph must be given in writing.
### Scheme rules to allow changes for purpose of conversion
##### 6
An approved retirement benefits scheme shall be taken to include provisions allowing the making of changes to any provisions of the scheme for the purpose of enabling the scheme to become an eligible scheme, notwithstanding anything to the contrary in any provision of the scheme.
## Schedule 23A
### Interpretation
##### 1
- (1) In this Schedule—
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*dividend manufacturer*” has the meaning given by paragraph 2(1) below;
- “*dividend manufacturing regulations*” means regulations made by the Treasury under this Schedule;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*interest manufacturer*” has the meaning given by paragraph 3(1) below;
- “*manufactured dividend*”, “*manufactured interest*” and “*manufactured overseas dividend*” shall be construed respectively in accordance with paragraphs 2, 3 and 4 below, as shall references to the gross amount thereof;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*overseas dividend*” means any interest, dividend or other annual payment payable in respect of any overseas securities;
- “*overseas dividend manufacturer*” has the meaning given by paragraph 4(1) below;
- “*overseas securities*” means—shares, stock or other securities issued by a government or public or local authority of a territory outside the United Kingdom or by any other body of persons not resident in the United Kingdom;. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*overseas tax*” means tax under the law of a territory outside the United Kingdom;
- “*overseas tax credit*” means any such credit under the law of a territory outside the United Kingdom in respect of overseas tax as corresponds to a tax credit;
- “*prescribed*” means prescribed in dividend manufacturing regulations;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*securities*” includes any loan stock or similar security;
- “*transfer*” includes any sale or other disposal;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*United Kingdom equities*” means shares of any company resident in the United Kingdom;
- “*United Kingdom securities*” means securities of the government of the United Kingdom, of any public or local authority in the United Kingdom or of any company or other body resident in the United Kingdom, but does not include . . . United Kingdom equities.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured dividends on UK equities: general
##### 2
- (1) This paragraph applies in any case where, under a contract or other arrangements for the transfer of United Kingdom equities, one of the parties (a “*dividend manufacturer*”) is required to pay to the other (“*the recipient*”) an amount (a “*manufactured dividend*”) which is representative of a dividend on the equities.
- (2) Where a manufactured dividend is paid by a dividend manufacturer who is a company resident in the United Kingdom, the Tax Acts shall have effect—
- (a) in relation to the recipient, and persons claiming title through or under him, as if the manufactured dividend were a dividend on the UK equities in question; and
- (b) in relation to the dividend manufacturer, as if the amount paid were a dividend of his.
- (3) Where a manufactured dividend to which sub-paragraph (2) above does not apply is paid by any person—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the Tax Acts shall have effect in relation to the recipient, and persons claiming title through or under him, as if the manufactured dividend were a dividend on the United Kingdom equities in question; and
- (c) the Tax Acts shall have effect in relation to the dividend manufacturer subject to the provisions of paragraph 2A below.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . Where—
- (a) a dividend manufacturer pays a manufactured dividend to which sub-paragraph (3) above applies, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
the dividend manufacturer shall, on paying the manufactured dividend, provide the recipient with a statement in writing setting out the matters specified in sub-paragraph (7) below.
- (7) Those matters are—
- (a) the amount of the manufactured dividend;
- (b) the date of the payment of the manufactured dividend; and
- (c) the amount of the tax credit to which, by virtue of sub-paragraph (3)(b) above, the recipient or a person claiming title through or under him either—
- (i) is entitled in respect of the manufactured dividend, or
- (ii) would be so entitled were all the conditions of a right to a tax credit satisfied, in the case of the recipient or that person, as respects the dividend which the recipient is deemed to receive.
- (8) The duty imposed by sub-paragraph (6) above shall be enforceable at the suit or instance of the recipient.
### Manufactured interest on United Kingdom securities
##### 3
- (1) This paragraph applies (subject to paragraph 3A below) in any case where, under a contract or other arrangements for the transfer of United Kingdom securities, one of the parties (an “interest manufacturer”) is required to pay to the other (“*the recipient*”) an amount (“*the manufactured interest*”) which is representative of a periodical payment of interest on the securities.
- (2) For the relevant purposes of the Tax Acts, in their application in relation to the interest manufacturer—
- (a) the manufactured interest shall be treated, except in determining whether it is deductible, as if it—
- (i) were an annual payment to the recipient, but
- (ii) were neither yearly interest nor an amount payable wholly out of profits or gains brought into charge for income tax;
- (b) the gross amount of that deemed annual payment shall be taken—
- (i) to be equal to the gross amount of the interest of which the manufactured interest is representative; and
- (ii) to constitute income of the recipient falling within section 1A;
and
- (c) an amount equal to so much of the gross amount of the manufactured interest as is not otherwise deductible shall be allowable as a deduction against the total income or, as the case may be, total profits of the interest manufacturer , but only to the extent that—
- (i) it would be so allowable if it were interest, or
- (ii) so far as not falling within sub-paragraph (i) above, it falls within sub-paragraph (2A) below.
- (2A) An amount of manufactured interest falls within this sub-paragraph if and to the extent that the interest manufacturer—
- (a) receives the periodical payment of interest on the securities which is represented by the manufactured interest, or receives a payment which is representative of that periodical payment of interest, and is chargeable to income tax (and see section 714(5) for the amount so chargeable in a case where section 714(4) applies) on the periodical payment or representative payment so received;
- (b) is, by virtue of section 714(2), chargeable to income tax on income in respect of transfers of securities which are subject to the arrangement giving rise to the payment of manufactured interest; or
- (c) is treated under section 730A (repos) as receiving a payment of interest in respect of the securities and is chargeable to income tax on that payment.
- (2B) Where an amount is allowable under sub-paragraph (2)(c) above by reference to the whole or any part of—
- (a) a periodical payment of interest, or a payment representative of such a payment, falling within paragraph (a) of sub-paragraph (2A) above,
- (b) a sum falling within paragraph (b) of that sub-paragraph, or
- (c) a payment of interest which a person is treated as receiving, as mentioned in paragraph (c) of that sub-paragraph,
(the “*utilised portion*” of the interest, sum or other payment) no other amount shall be allowable under sub-paragraph (2)(c) above by reference to all or any of the utilised portion of the interest, sum or other payment.
- (3) For the relevant purposes of the Tax Acts, in their application in relation to the recipient and any persons claiming title through or under him—
- (a) the manufactured interest shall be treated as if it were a periodical payment of interest on the securities in question; and
- (b) the gross amount of that deemed periodical payment of interest shall be taken to be equal to the gross amount of the interest of which the manufactured interest is representative.
- (4) Sub-paragraph (2) above shall not require any deduction of tax to be made by the interest manufacturer if—
- (a) the interest manufacturer is not resident in the United Kingdom, and
- (b) the manufactured interest is paid otherwise than in the course of a trade carried on by the interest manufacturer in the United Kingdom through a branch or agency.
- (5) Where, in a case falling within sub-paragraph (4)(a) and (b) above, the recipient—
- (a) is resident in the United Kingdom, or
- (b) (without being so resident) receives the manufactured interest for the purposes of a trade carried on by him in the United Kingdom through a branch or agency,
the recipient shall be liable to account for income tax in respect of the manufactured interest.
- (6) The amount of the income tax for which the recipient is liable to account under sub-paragraph (5) above is the amount equal to the income tax which the interest manufacturer, had he been resident in the United Kingdom, would have been required, in respect of the manufactured interest, to account for and pay by virtue of sub-paragraph (2) above.
- (7) For the purposes of sub-paragraph (2) above, if the interest manufacturer is a company which—
- (a) is not resident in the United Kingdom, but
- (b) carries on a trade in the United Kingdom through a branch or agency,
Schedule 16 shall have effect in relation to the manufactured interest as it has effect in the case of a company which is resident in the United Kingdom but as if, in paragraph 7, the words “section 11(3)” were substituted for the words “section 7(2)”.
- (8) Where sub-paragraph (2) above has effect in the case of any manufactured interest so as to require any amount to be deducted by way of tax from the gross amount of the manufactured interest, the interest manufacturer shall, on paying the manufactured interest, provide the recipient with a statement in writing setting out—
- (a) the gross amount of the manufactured interest;
- (b) the amount deducted by way of tax by the interest manufacturer;
- (c) the amount actually paid by the interest manufacturer; and
- (d) the date of the payment by the interest manufacturer.
- (9) The duty imposed by sub-paragraph (8) above shall be enforceable at the suit or instance of the recipient.
- (10) The references in this paragraph to an amount being deductible are references to its being either—
- (a) deductible in computing the amount of any of the interest manufacturer’s profits or gains for the purposes of income tax or corporation tax; or
- (b) deductible for those purposes from the total income or, as the case may be, total profits of the interest manufacturer.
- (11) For the purposes of this paragraph “*the relevant purposes of the Tax Acts*” means all the purposes of those Acts except the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships).
- (12) Without prejudice to the generality of section 80(5) of the Finance Act 1996 (matters to be brought into account only under that Chapter), this paragraph does not have effect for determining how any manufactured interest falls to be treated for any purpose in relation to a company in relation to which that interest falls to be treated in accordance with section 97 of that Act.
- (13) For the purposes of this paragraph references to the gross amount of any interest or payment are references to the amount of the interest or payment before the making of any deduction of income tax that is required to be deducted from it on its being paid or made.
##### 3A
- (1) Where any manufactured interest is representative of interest on securities to which this paragraph applies—
- (a) paragraph 3(2) above shall not require any deduction of tax to be made on the payment of that manufactured interest; and
- (b) without prejudice to any other liability of his to income tax in respect of the manufactured interest, the recipient shall not by virtue of paragraph 3(5) above be liable to account for any income tax in respect of that manufactured interest.
- (2) This paragraph applies to—
- (a) gilt-edged securities (within the meaning of section 50); and
- (b) securities not falling within paragraph (a) above on which the interest is payable without deduction of tax.
### Deductibility of manufactured payment in the case of the manufacturer
##### 2A
- (1) Where, in the case of a manufactured dividend, the dividend manufacturer is resident in the United Kingdom but is not a company, an amount (“*the relevant amount*”) equal to the lesser of—
- (a) the amount of the manufactured dividend paid (so far as it is not otherwise deductible), and
- (b) the amount of the dividend of which the manufactured dividend is representative,
shall be allowable as a deduction for the purposes of income tax only under sub-paragraph (1ZA) or (1A) below.
- (1ZA) The relevant amount shall be allowable under this sub-paragraph as a deduction for the purposes of income tax to the extent that the dividend manufacturer—
- (a) receives the dividend on the equities which is represented by the manufactured dividend or receives a payment which is representative of that dividend, and
- (b) is chargeable to income tax on the dividend or other payment so received;
and that deduction shall be made against the amount of the dividend or other payment so received on which the dividend manufacturer is chargeable to income tax.
- (1ZB) Sub-paragraph (1ZA) above shall apply only if the amount of the dividend or other payment so received is received by the dividend manufacturer in—
- (a) the year of assessment in which he pays the manufactured dividend, or
- (b) the year of assessment immediately before, or immediately after, that year.
- (1A) The relevant amount shall be allowable under this sub-paragraph as a deduction for the purposes of income tax against the total income of the dividend manufacturer to the extent that—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the dividend manufacturer is treated under section 730A (repos) as receiving a payment of interest in respect of the equities and is chargeable to income tax on that payment; . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (1B) Where an amount is allowable under sub-paragraph (1ZA) or (1A) above by reference to the whole or any part of—
- (a) a dividend or other payment falling within sub-paragraph (1ZA) above , or
- (b) a payment of interest which a person is treated as receiving, as mentioned in sub-paragraph (1A) above, . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(the “*utilised portion*” of the dividend or other payment) no other amount shall be allowable under sub-paragraph (1ZA) or (1A) above by reference to all or any of the utilised portion of the dividend or other payment.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) The references in this paragraph to an amount being deductible are references to its being either—
- (a) deductible in computing the amount of any of the dividend manufacturer’s profits or gains for the purposes of income tax . . . ; or
- (b) deductible for those purposes from the total income . . . of the dividend manufacturer.
### Manufactured dividends representative of foreign income dividends
##### 2B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured overseas dividends
##### 4
- (1) This paragraph applies in any case where, under a contract or other arrangements for the transfer of overseas securities, one of the parties (the “*overseas dividend manufacturer*”) is required to pay to the other (“*the recipient*”) an amount representative of an overseas dividend on the overseas securities; and in this Schedule the “*manufactured overseas dividend*” means any payment which the overseas dividend manufacturer makes in discharge of that requirement.
- (1A) Where a manufactured overseas dividend is paid as set out in sub-paragraph (1) above it shall be treated—
- (a) as an expense of the trade where a company carries on a trade to which that payment relates;
- (b) where a company has investment business to which the payment relates, for the purposes of section 75 as expenses of management;
- (c) in the case of a company carrying on life assurance business—
- (i) so far as the payment is referable to basic life assurance and general annuity business, for the purposes of section 76 as if it were an expense payable falling to be brought into account at Step 3 of subsection (7) of that section, and
- (ii) the payment is to be treated as referable to basic life assurance and general annuity business to the extent that the overseas dividend of which it is representative is or would, if it were received by the company, be so referable by virtue of section 432A.
- (2) Subject to sub-paragraph (3) below, where this paragraph applies the gross amount of the manufactured overseas dividend shall be treated , except in determining whether it is deductible, for all purposes of the Tax Acts as an annual payment, within section 349, but—
- (a) the amount which is to be deducted from that gross amount on account of income tax shall be an amount equal to the relevant withholding tax on that gross amount; and
- (b) in the application of section 350(4) in relation to manufactured overseas dividends the reference to Schedule 16 shall be taken as reference to dividend manufacturing regulations;
and paragraph (a) above is without prejudice to any further amount required to be deducted under dividend manufacturing regulations by virtue of sub-paragraph (8) below.
- (2A) Sub-paragraph (10) of paragraph 3 applies for the construction of the reference in sub-paragraph (2) above to an amount being deductible as it applies to references in that paragraph.
- (3) If, in a case where this paragraph applies, the overseas dividend manufacturer is not resident in the United Kingdom and the manufactured overseas dividend is paid by him otherwise than in the course of a trade which he carries on through a branch or agency in the United Kingdom, sub-paragraph (2) above shall not apply; but if the manufactured overseas dividend is received by a United Kingdom recipient, that recipient shall account for and pay an amount of tax in respect of the manufactured overseas dividend equal to that which the overseas dividend manufacturer would have been required to account for and pay had he been resident in the United Kingdom; and any reference in this Schedule to an amount deducted under sub-paragraph (2) above includes a reference to an amount of tax accounted for and paid under this sub-paragraph.
- (3A) For the purposes of sub-paragraph (3) above a person who receives a manufactured overseas dividend is a United Kingdom recipient if—
- (a) he is resident in the United Kingdom; or
- (b) he is not so resident but receives that dividend for the purposes of a trade carried on through a branch or agency in the United Kingdom.
- (3B) Dividend manufacturing regulations may make provision, in relation to cases falling within sub-paragraph (3) above, for the amount of tax required under that sub-paragraph to be taken to be reduced, to such extent and for such purposes as may be determined under the regulations, by reference to amounts of overseas tax charged on, or in respect of—
- (a) the making of the manufactured overseas dividend; or
- (b) the overseas dividend of which the manufactured overseas dividend is representative.
- (4) Where a manufactured overseas dividend is paid after deduction of the amount required by sub-paragraph (2) above, or where the amount of tax required under sub-paragraph (3) above in respect of such a dividend has been accounted for and paid, then for all purposes of the Tax Acts as they apply in relation to persons resident in the United Kingdom or to persons not so resident but carrying on business through a branch or agency in the United Kingdom—
- (a) the manufactured overseas dividend shall be treated in relation to the recipient, and all persons claiming title through or under him, as if it were an overseas dividend of an amount equal to the gross amount of the manufactured overseas dividend, but paid after the withholding therefrom, on account of overseas tax, of the amount deducted under sub-paragraph (2) above; and
- (b) the amount so deducted shall accordingly be treated in relation to the recipient, and all persons claiming title through or under him, as an amount so withheld instead of as an amount on account of income tax.
- (5) For the purposes of this paragraph—
- (a) “*relevant withholding tax*”, in relation to the gross amount of a manufactured overseas dividend, means an amount of tax representative of—
- (i) the amount (if any) that would have been deducted by way of overseas tax from an overseas dividend on the overseas securities of the same gross amount as the manufactured overseas dividend; and
- (ii) the amount of the overseas tax credit (if any) in respect of such an overseas dividend;
- (b) the gross amount of a manufactured overseas dividend is an amount equal to the gross amount of that overseas dividend of which the manufactured overseas dividend is representative, as mentioned in sub-paragraph (1) above; and
- (c) the gross amount of an overseas dividend is an amount equal to the aggregate of—
- (i) so much of the overseas dividend as remains after the deduction of the overseas tax (if any) chargeable on it;
- (ii) the amount of the overseas tax (if any) so deducted; and
- (iii) the amount of the overseas tax credit (if any) in respect of the overseas dividend.
- (6) Dividend manufacturing regulations may make provision with respect to the rates of relevant withholding tax which are to apply in relation to manufactured overseas dividends in relation to different overseas territories, but in prescribing those rates the Treasury shall have regard to—
- (a) the rates at which overseas tax would have fallen to be deducted, and
- (b) the rates of overseas tax credits,
in overseas territories, or in the particular overseas territory, in respect of payments of overseas dividends on overseas securities.
- (7) Dividend manufacturing regulations may make provision for a person who, in any chargeable period, is an overseas dividend manufacturer to be entitled in prescribed circumstances to set off in accordance with the regulations and to the prescribed extent, amounts falling within paragraph (a) of sub-paragraph (7AA) below against the sums falling within paragraph (b) of that sub-paragraph, and to accountto the Board for, or as the case may be, claim credit in respect of, the balance.
- (7AA) Those amounts and sums are—
- (a) amounts of overseas tax in respect of overseas dividends received by him in that chargeable period, amounts of overseas tax charged on, or in respect of, the making of manufactured overseas dividends so received by him and amounts deducted under sub-paragraph (2) above from any such manufactured overseas dividends; and
- (b) the sums due from him on account of the amounts deducted by him under sub-paragraph (2) above from the manufactured overseas dividends paid by him in that chargeable period.
- (7A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) Without prejudice to section 97 of the Finance Act 1996 (manufactured interest), the references in this paragraph to all the purposes of the Tax Acts do not include the purposes of Chapter II of Part IV of that Act (loan relationships).
##### 4A
- (1) A reference in paragraph 4(4)(a) or (b) to the relevant amount in relation to an amount deducted under section 922(2) of ITA 2007 is—
- (a) where the deduction is made in respect of a manufactured overseas dividend that is treated as paid under paragraph 13(1) of Schedule 13 to FA 2007 (sale and repurchase of securities), to amount A, and
- (b) otherwise, to the amount deducted under section 922(2) of ITA 2007.
- (2) Amount A is—
- (a) in a case to which sub-paragraph (3) applies, the amount deducted under section 922(2) of ITA 2007,
- (b) in a case to which sub-paragraph (4) applies—
- (i) the amount deducted under section 922(2) of ITA 2007, less
- (ii) the excess mentioned in that sub-paragraph, and
- (c) in any other case, nil.
- (3) This sub-paragraph applies to a case in which—
- (a) an amount is actually paid by way of manufactured overseas dividend,
- (b) the amount so paid equals the relevant net amount, and
- (c) it is reasonable to assume that, in deciding the repurchase price of the securities, no account was taken of the fact that the amount would be so paid.
- (4) This sub-paragraph applies to a case in which—
- (a) an amount is actually paid by way of manufactured overseas dividend,
- (b) the amount so paid exceeds the relevant net amount, and
- (c) it is reasonable to assume that, in deciding the repurchase price of the securities, no account was taken of the fact that the amount would be so paid.
- (5) In this paragraph “the repurchase price” of the securities means the price at which the payer of the manufactured overseas dividend is entitled or obliged to sell the securities, or similar securities, to the recipient of the manufactured overseas dividend.
- (6) In this paragraph “*the securities*” means the securities in respect of which the overseas dividend of which the manufactured overseas dividend is representative is paid.
- (7) In this paragraph “*the relevant net amount*” means—
- (a) the gross amount of the overseas dividend of which the manufactured overseas dividend is representative, less
- (b) the amount deducted under section 922(2) of ITA 2007.
### Dividends and interest passing through the market
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Unapproved manufactured payments
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Irregular manufactured payments
##### 7
- (1) . . . In any case where (apart from this paragraph)—
- (a) an amount paid by way of manufactured dividend would exceed the amount of the dividend of which it is representative, or
- (b) the aggregate of—
- (i) an amount paid by way of manufactured interest or manufactured overseas dividend, and
- (ii) the tax required to be accounted for in connection with the making of that payment,
would exceed the gross amount (as determined in accordance with paragraph 3 or 4 above) of the interest or overseas dividend of which it is representative, as the case may be,
the payment shall, to the extent of an amount equal to the excess, not be regarded for the purposes of this Schedule as made in discharge of the requirement referred to in paragraph 2(1), 3(1) or 4(1) above, as the case may be, but shall instead to that extent be taken for all purposes of the Tax Acts to constitute a separate fee for entering into the contract or other arrangements under which it was made, notwithstanding anything in paragraphs 2 or 3 above or anything in paragraph 4 other than in sub-paragraph (1A).
- (1A) Sub-paragraph (1) above does not apply in the case of the amount of any manufactured interest or manufactured overseas dividend which falls in accordance with section 97 of the Finance Act 1996 to be treated for the purposes of Chapter II of Part IV of that Act as interest under a loan relationship.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) For the purpose of giving relief under any provision of the Tax Acts in a case falling within paragraph 3(1) or 4(1) above where (apart from this paragraph) the aggregate referred to in sub-paragraph (1)(b) above would be less than the gross amount there mentioned—
- (a) the gross amount of the manufactured interest or manufactured overseas dividend shall be taken to be an amount equal to the aggregate referred to in sub-paragraph (1)(b) above, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
notwithstanding anything in paragraph 3 or 4 above.
- (4) In this paragraph “*relief*” means relief by way of—
- (a) deduction in computing profits or gains; or
- (b) deduction or set off against income or total profits.
### Manufactured payments under arrangements having an unallowable purpose
##### 7A
- (1) This paragraph applies in any case where—
- (a) a manufactured payment falls to be made by a company in an accounting period in pursuance of any arrangements (see sub-paragraphs (9) and (10) for definitions), and
- (b) the arrangements have an unallowable purpose at any time (see sub-paragraphs (3) to (5)).
But this is subject to sub-paragraph (8) below (cases where tax relief is denied apart from this paragraph).
- (2) The company is not entitled, by virtue of anything in this Schedule or any provision of regulations under it, or otherwise, to any relevant tax relief (see sub-paragraph (10)), to the extent that the relief is in respect of, or referable to, the whole or any part of so much of the manufactured payment as, on a just and reasonable apportionment, is attributable to the unallowable purpose.
- (3) Arrangements have an unallowable purpose at any time if at that time the purposes for which the company is a party to—
- (a) the arrangements,
- (b) any related transaction (see sub-paragraphs (6) and (7)), or
- (c) any transaction in pursuance of the arrangements,
include a purpose (“the unallowable purpose”) which is not among the business or other commercial purposes of the company.
- (4) The business and other commercial purposes of a company do not include the purposes of any part of its activities in respect of which it is not within the charge to corporation tax.
- (5) Where one of the purposes for which a company is at any time a party to—
- (a) any arrangements,
- (b) any related transaction in the case of any arrangements, or
- (c) any transaction in pursuance of any arrangements,
is a tax avoidance purpose, that purpose shall be taken to be a business or other commercial purpose of the company only where it is not the main purpose, or one of the main purposes, for which the company is party to the arrangements or transaction at that time.
- (6) One or more transactions are to be regarded as related transactions, in the case of any arrangements, if it would be reasonable to assume, from either or both of—
- (a) the likely effect of the transactions, and
- (b) the circumstances in which the transactions are entered into or effected,
that none of the transactions would have been entered into or effected independently of the arrangements.
- (7) Transactions are not prevented from being related transactions, in the case of any arrangements, just because the transactions—
- (a) are not between the same parties, or
- (b) are not between the parties to the arrangements.
- (8) This paragraph does not apply if, as a result of any of the following provisions—
- (a) section 75(4)(b) (expenses of management of companies with investment business: unallowable purposes),
- (b) section 76(4)(d) (expenses of insurance companies: unallowable purposes),
- (c) paragraph 13 of Schedule 9 to the Finance Act 1996 (loan relationships with unallowable purposes),
the company in question is not entitled to a relevant tax relief in respect of, or referable to, the whole or any part of the manufactured payment.
The references to sections 75 and 76 are references to those provisions as they have effect in relation to accounting periods beginning on or after 1st April 2004.
- (9) Any reference in this paragraph to a manufactured payment falling to be made by a company includes a reference to a manufactured payment which is deemed by or under any provision of the Tax Acts to be made by a company (and references to a transaction, or to a company being party to a transaction, are to be construed accordingly).
- (10) In this paragraph—
- “*arrangements*” includes schemes, arrangements and understandings of any kind, whether or not legally enforceable, and shall be taken to include any related transactions;
- “*manufactured payment*” means any of the following—any manufactured dividend;any manufactured interest;any manufactured overseas dividend;
- “*related transaction*” shall be construed in accordance with sub-paragraphs (6) and (7) above;
- “*relevant tax relief*” means any of the following—any deduction in computing profits or gains for the purposes of corporation tax;any deduction against total profits;the bringing into account of any debit for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships);the surrender of an amount by way of group relief;
- “*tax advantage*” has the same meaning as in Chapter 1 of Part 17 (tax avoidance);
- “*tax avoidance purpose*” means any purpose that consists in securing a tax advantage (whether for the company in question or any other person);
- and sub-paragraphs (3) to (7) above have effect for the purposes of this paragraph.
### Dividend manufacturing regulations: general
##### 8
- (1) Dividend manufacturing regulations may make provision for—
- (a) such manufactured dividends, manufactured interest or manufactured overseas dividends as may be prescribed,
- (aa) such persons who receive, or become entitled to receive, manufactured dividends, manufactured interest or manufactured overseas dividends as may be prescribed, or
- (b) such dividend manufacturers, interest manufacturers or overseas dividend manufacturers as may be prescribed,
to be treated in prescribed circumstances otherwise than as mentioned in paragraphs 2 to 4 above for the purposes of such provisions of the Tax Acts as may be prescribed.
- (1A) Dividend manufacturing regulations may provide, in relation to prescribed cases where a person makes or receives the payment of any amount representative of an overseas dividend, or is treated for any purposes of this Schedule or such regulations as a person making or receiving such a payment—
- (a) for any entitlement of that person to claim relief under Part XVIII to be extinguished or reduced to such extent as may be found under the regulations; and
- (b) for the adjustment, by reference to any provision having effect under the law of a territory outside the United Kingdom, of any amount falling to be taken, for any prescribed purposes of the Tax Acts or the 1992 Act, to be the amount paid or payable by or to any person in respect of any sale, repurchase or other transfer of the overseas securities to which the payment relates.
- (2) Dividend manufacturing regulations may make provision with respect to—
- (a) the accounts and other records which are to be kept,
- (b) the vouchers which are to be issued or produced,
- (c) the returns which are to be made,
- (d) the manner in which amounts required to be deducted or accounted for under or by virtue of this Schedule on account of tax are to be accounted for and paid,
by persons by or to whom manufactured dividends, manufactured interest or manufactured overseas dividends are paid.
- (2A) Dividend manufacturing regulations with respect to any liability to account for tax may contain any of the following, that is to say—
- (a) provision for computing the amounts to be accounted for;
- (b) provision, in relation to the determination of the amount to be paid on any occasion, for setting other amounts against the amounts to be accounted for;
- (c) provision as to the liabilities against which amounts accounted for are to be, or are not to be, set for the purposes of income tax or corporation tax;
- (d) provision modifying, or applying (with or without modifications), any enactments contained in the Tax Acts.
- (3) Dividend manufacturing regulations may—
- (a) make provision for prescribed provisions of the Management Act to apply in relation to manufactured dividends, manufactured interest or manufactured overseas dividends with such modifications, specified in the regulations, as the Treasury think fit;
- (b) make such further provision with respect to the administration, assessment, collection and recovery of amounts required to be deducted or accounted for under or by virtue of this Schedule on account of tax as the Treasury think fit.
- (4) Dividend manufacturing regulations may make different provision for different cases.
##### 4A
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##### 11A
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### Exchange gains and losses
##### 13
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##### 14
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##### 15
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##### 16
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##### 17
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##### 18
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##### 19
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### Transfer pricing
##### 20
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##### 2A
- (1) Paragraph 2 above shall have effect in accordance with this paragraph to determine whether a controlled foreign company . . . pursues an acceptable distribution policy in respect of a particular accounting period (“*the relevant accounting period*”).
- (2) Subject to sub-paragraph (4) below, where the distribution condition is satisfied in relation to the relevant accounting period, then, in addition to any dividend which falls within paragraph 2(1)(a) above apart from this paragraph—
- (a) any dividend which is paid for the accounting period (“*the preceding period*”) immediately preceding the relevant accounting period and which is not an excluded dividend shall be treated as falling within that paragraph, and
- (b) if the distribution condition is satisfied in relation to the preceding period, any dividend which is paid for the accounting period immediately preceding the preceding period and which is not an excluded dividend shall be treated as falling within that paragraph,
and so on; and in this sub-paragraph “*dividend*” means a dividend not paid out of specified profits.
- (3) For the purposes of this paragraph, the distribution condition is satisfied in relation to any accounting period if—
- (a) a dividend or dividends are paid for the period to persons resident in the United Kingdom,
- (b) the amount or, as the case may be, aggregate amount of any dividends falling within paragraph (a) above is not less than—
- (i) the relevant profits for that period, or
- (ii) where paragraph 2(4) or (5) above applies (with the modifications of paragraph 2 made by sub-paragraph (5) below), the appropriate portion of those profits, and
- (c) any dividends falling within that paragraph are paid not later than the time by which any dividend paid for the relevant accounting period is required by paragraph 2(1)(b) above to be paid;
or if there are no relevant profits for the period.
- (4) Where, by reason only of the fact that a company pursued an acceptable distribution policy in respect of any accounting period (“*the earlier period*”) earlier than the relevant accounting period, no apportionment under section 747(3) fell to be made in respect of the earlier period, sub-paragraph (2) above shall apply to any dividend required to be taken into account for the purpose of showing that the company pursued an acceptable distribution policy in respect of the earlier period only to the extent (if any) to which that dividend was not required to be taken into account for that purpose.
- (5) The modifications of paragraph 2 above referred to in sub-paragraph (3)(b) above are that—
- (a) the references in sub-paragraphs (4) and (5) to the accounting period in question are to be read as references to the accounting period for which the dividend or dividends are paid,
- (b) the references in those sub-paragraphs to sub-paragraph (1)(d) are to be read as references to sub-paragraph (3)(b) above, and
- (c) the reference in the definition of “X” in sub-paragraph (6) to net chargeable profits is to be read as a reference to relevant profits.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) For the purposes of this paragraph—
- (aa) a dividend is an excluded dividend if it is paid, in whole or in part, out of the total profits from which (in accordance with section 747(6)(a)) the chargeable profits for an excluded period are derived,
- (a) a period is an excluded period if it is an accounting period in respect of which an apportionment under section 747(3) falls to be made, and
- (b) relevant profits for any accounting period are the profits which would be the relevant profits of that period for the purposes of section 799 if a dividend were actually paid for that period.
##### 2B
- (1) This paragraph has effect for the purposes of paragraph 2(1A)(b) above.
- (2) No payment of dividend by a controlled foreign company for an accounting period shall be regarded as involved in a UK tax avoidance scheme by reason only that there is no charge to tax under section 747(4)(a) if the controlled foreign company pursues an acceptable distribution policy for that accounting period.
- (3) “*UK tax avoidance scheme*” means a scheme or arrangement the purpose, or one of the main purposes, of which is to achieve a reduction in United Kingdom tax.
- (4) A scheme or arrangement achieves a reduction in United Kingdom tax if, apart from the scheme or arrangement, any company—
- (a) would have been liable for any such tax or for a greater amount of any such tax; or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (5) In this paragraph—
- “*arrangement*” means an arrangement of any kind, whether in writing or not;
- “*United Kingdom tax*” means corporation tax or any tax chargeable as if it were corporation tax.
##### 4A
- (1) This paragraph has effect for the purposes of paragraph 4(1A)(b) above.
- (2) No payment to a company resident in the United Kingdom which represents the whole or part of a dividend paid by a controlled foreign company for an accounting period shall be regarded as involved in a UK tax avoidance scheme by reason only that—
- (a) there is no charge to tax under section 747(4)(a) if the controlled foreign company pursues an acceptable distribution policy for that accounting period, and
- (b) so much of the dividend as is represented by that payment will (if paragraph 4(1) above has effect) fall to be brought into account in determining whether the controlled foreign company has done so.
- (3) “*UK tax avoidance scheme*” means a scheme or arrangement the purpose, or one of the main purposes, of which is to achieve a reduction in United Kingdom tax.
- (4) A scheme or arrangement achieves a reduction in United Kingdom tax if, apart from the scheme or arrangement, any company—
- (a) would have been liable for any such tax or for a greater amount of any such tax; or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (5) In this paragraph—
- “*arrangement*” means an arrangement of any kind, whether in writing or not;
- “*United Kingdom tax*” means corporation tax or any tax chargeable as if it were corporation tax.
##### 11A
- (1) This paragraph has effect for the interpretation of paragraph 6(2B) above.
- (2) “*Contract of long-term insurance*” means any contract falling within Part II of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.
- (3) “*Protection business*” means contracts of long-term insurance where—
- (a) either—
- (i) the contract has no surrender value; or
- (ii) the consideration consists of a single premium and the surrender value does not exceed the amount of that premium; and
- (b) the contract makes no provision for its conversion or extension in a manner which would result in its ceasing to fall within paragraph (a) above;
and references to protection business include a reference to reinsurance of protection business.
- (4) “*Insurance group*” shall be construed in accordance with section 255A(5) of the Companies Act 1985 (meaning of “insurance group” in Part 7) but reading Part 7 of that Act—
- (a) as if it extended to Northern Ireland, and
- (b) as if any reference to a company (within the meaning of that Act) included a reference to a company as defined in Article 3 of the Companies (Northern Ireland) Order 1986,
but does not include such an insurance group if it falls within sub-paragraph (5) below.
- (5) Such an insurance group falls within this sub-paragraph if (within the meaning of that Part as so read) the parent company is a subsidiary undertaking of a parent company which is neither—
- (a) the parent company of an insurance group; nor
- (b) a subsidiary undertaking of the parent company of an insurance group.
- (6) A controlled foreign company is, in accordance with sub-paragraphs (4) and (5) above, a “*member of an insurance group*” if (within the meaning of that Part as so read) it is the parent company, or a subsidiary undertaking of the parent company, of an insurance group which is by virtue of sub-paragraph (4) above an insurance group for the purposes of paragraph 6(2B) above.
- (7) A company’s main business is “*insuring or reinsuring large risks*” if (and only if)—
- (a) the company’s main business is the effecting or carrying out of contracts of insurance; and
- (b) 50% or more of its gross trading receipts from that business are derived from insuring or reinsuring large risks.
- “*Large risks*” is defined in paragraph 11B below.
- (8) In this paragraph—
- “*contract of insurance*” has the meaning given by article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- “*contract of long-term insurance*” has the meaning given by sub-paragraph (2) above.
##### 11B
- (1) In paragraph 11A above “*large risks*” means—
- (a) risks falling within classes 4, 5, 6, 7, 11 and 12 of Part I of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- (b) risks falling within classes 14 and 15 of that Part which relate to a business carried on by the policy holder;
- (c) risks falling within classes 3, 8, 9, 10, 13 and 16 of that Part where the policy holder carries on a business in respect of which the condition specified in sub-paragraph (2) below is satisfied.
- (2) The condition referred to in sub-paragraph (1)(c) above is that, in the case of that business of the policy holder, at least two of the three following criteria were exceeded in the most recent financial year beginning on or after 1st January 1999 for which the information is available—
- (a) balance sheet total: 6.2 million euros;
- (b) net turnover: 12.8 million euros;
- (c) number of employees: 250.
- (3) For the purposes of sub-paragraph (2) above as it applies where the policy holder is a company, within the meaning of section 735(1) of the Companies Act 1985 or Article 3 of the Companies (Northern Ireland) Order 1986,—
- (a) “*balance sheet total*” has the meaning given by section 247(5) of that Act or Article 255(5) of that Order;
- (b) “*net turnover*” has the meaning given to “*turnover*” by section 262(1) of that Act or Article 270(1) of that Order; and
- (c) “*number of employees*” has the meaning given by section 247(6) of that Act or Article 255(6) of that Order;
and for a financial year which is a company’s financial year but not in fact a year, the net turnover of the company shall be proportionately reduced.
- (4) Where the policy holder is a member of a group for which consolidated accounts (within the meaning of Directive [83/349/EEC](https://www.legislation.gov.uk/european/directive/1983/0349)) are drawn up, the question whether the condition in sub-paragraph (2) above is met shall be determined by reference to those accounts.
- (5) For the purposes of sub-paragraph (1)(c) above as it applies where the policy holder is a professional association, joint venture or temporary grouping, the question whether the condition in sub-paragraph (2) above is met shall be determined by reference to the aggregate of the figures of the description in question for all the members of the professional association, joint venture or temporary grouping.
- (6) In sub-paragraphs (1) to (5) above “*business*” includes a trade or profession and, for the purposes of sub-paragraph (1)(c) above, any activity of a professional association, joint venture or temporary grouping.
- (7) For the purposes of this paragraph, where an amount is denominated in any accounts in a currency other than the euro, it shall be converted into its equivalent in euros using the London closing exchange rate for that currency and the euro for the last day of the period to which the accounts relate.
- (8) In this paragraph—
- “*euro*” means the single currency adopted or proposed to be adopted as its currency by a member State in accordance with the Treaty establishing the European Community;
- “*financial year*”, in relation to any person, means the period (not exceeding 12 months) for which that person makes up accounts.
##### 12A
- (1) In paragraphs 6, 8(3) and 12(5) above and this paragraph, “*superior holding company*” means—
- (a) a company whose business consists wholly or mainly in the holding of shares or securities of companies which—
- (i) are holding companies or local holding companies; or
- (ii) are themselves superior holding companies; or
- (b) a company which would fall within paragraph (a) above if there were disregarded so much of its business as consists in the holding of property or rights of any description for use wholly or mainly by companies which it controls and which are resident in the territory in which it is resident.
- (2) For the purposes of sub-paragraphs (4A) and (4B) of paragraph 6 above, the income of a company during any period which “*represents qualifying exempt activity income of its subsidiaries*” is any income of the company during that period which is directly or indirectly derived from companies—
- (a) which it controls, and
- (b) which, throughout that period, fall within sub-paragraph (4B)(a) of that paragraph, but
- (c) which are not holding companies other than local holding companies.
- (3) In determining for the purposes of sub-paragraph (4A) or (4B) of paragraph 6 above the companies from which, and the proportions in which, different descriptions of income of a company are derived (whether directly or indirectly), any dividend shall be taken to be paid out of the appropriate profits.
- (4) Subsections (3) and (4) of section 799 (which provide rules for determining the profits out of which a dividend is to be regarded as paid for the purpose of subsection (1) of that section) shall apply for determining the appropriate profits for the purposes of subsection (3) above as they apply for determining the relevant profits for the purposes of subsection (1) of that section.
- (5) Sub-paragraphs (4) to (6) of paragraph 12 above shall apply in relation to sub-paragraph (4A) or (4B) of paragraph 6 above and a superior holding company as they apply in relation to sub-paragraph (3) or (4) of paragraph 6 above and a holding company, but taking the reference in sub-paragraph (4) of paragraph 12 above to paragraph (a) or (b) of sub-paragraph (1) of that paragraph as a reference to paragraph (a) or (b) of sub-paragraph (1) above.
## Part 2A — Trading Companies with Limited UK Connection
### Introductory
##### 12B
- (1) For the purposes of section 748(1)(ba), a controlled foreign company (“C”) is exempt for an accounting period if the requirements of this Part of this Schedule are satisfied.
- (2) The requirements are those imposed as to C's—
- (a) business establishment (see paragraph 12C),
- (b) business activities (see paragraph 12D),
- (c) UK connection (see paragraph 12E), and
- (d) finance income and relevant IP income (see paragraph 12F).
### Business establishment
##### 12C
- (1) The requirement of this paragraph is that throughout the accounting period C has a business establishment in the territory in which it is resident.
- (2) For the purposes of sub-paragraph (1)—
- (a) paragraph 5(2) to (5) (special rules about residence of the company) applies as it applies for the purposes of Part 2 of this Schedule, and
- (b) paragraph 7 (meaning of “business establishment”) applies as it applies for the purposes of paragraph 6(1)(a).
### Business activities
##### 12D
- (1) The requirement of this paragraph is that—
- (a) C's business does not, at any time during the accounting period, include to a substantial extent non-exempt activities, or
- (b) if C is wholly engaged in business falling within paragraph 11(1)(c) (banking etc), C's business does not, at any time during the accounting period, include to a substantial extent non-exempt activities which do not constitute investment business.
- (2) For this purpose—
- “*non-exempt activities*” means—the holding or managing of shares or securities,the holding of intellectual property,dealing in securities, other than in the capacity of a broker,the leasing of any description of property or rights,the investment in any manner of funds which would otherwise be available, directly or indirectly, for investment by or on behalf of any person (whether resident in the United Kingdom or not) who has, or is connected or associated with a person who has, control, either alone or together with other persons, of C, andif C is not a member of an insurance group throughout the accounting period, the effecting or carrying out of contracts of insurance between C and persons related to C;
- “*investment business*” means activities within paragraphs (a) to (d) of paragraph 9(1).
- (3) For the purposes of sub-paragraph (2)(f), a person is “related” to C if—
- (a) the person is connected or associated with C,
- (b) the person has a 25 per cent assessable interest in C in the case of the accounting period in question (within the meaning of paragraph 6(4C)), or
- (c) if C is a controlled foreign company in that accounting period by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
- (4) In sub-paragraph (2)—
- “*broker*” includes any person offering to sell securities to, or purchase securities from, members of the public generally;
- “*contract of insurance*” has the meaning given by Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- “*insurance group*” has the meaning given by paragraph 11A(4);
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A);
- “*member of an insurance group*” has the meaning given by paragraph 11A(6).
### UK connection
##### 12E
- (1) The requirement of this paragraph is that C does not have a significant connection with the United Kingdom during the accounting period.
- (2) C has a significant connection with the United Kingdom during the accounting period if Condition A or B is met.
- (3) Condition A is that—
- (a) the UK-connected gross income of C's business for that period exceeds 10% of the gross income of that business for that period, and
- (b) sub-paragraph (4) does not apply.
- (4) This sub-paragraph applies if—
- (a) at all times in the accounting period there are sufficient individuals working for C in the territory in which it is resident, or in any other territory outside of the United Kingdom, who have the competence and authority to undertake all, or substantially all, of C's business,
- (b) C's relevant profits for the accounting period do not exceed 10% of C's relevant operating expenses for that period, and
- (c) the UK-connected gross income of C's business for that period does not exceed 50% of the gross income of that business for that period.
- (5) Condition B is that—
- (a) the UK-connected related-party business expenditure of C's business for that period exceeds 50% of the total related-party business expenditure of C's business for that period, and
- (b) during the accounting period C has been involved in a scheme where the main purpose, or one of the main purposes, of any party to the scheme in entering into the scheme is to achieve a reduction in corporation tax or any tax chargeable as if it were corporation tax.
- (6) For the purposes of sub-paragraph (4)(a), individuals are not to be regarded as working for C in any territory unless—
- (a) they are employed by C in the territory, or
- (b) they are otherwise directed by C to perform duties on its behalf in the territory.
- (7) In this paragraph—
- “*related-party business expenditure*” means any expenditure, other than capital expenditure, which gives rise, directly or indirectly, to income of a person related to C;
- “relevant profits”, for an accounting period, means the total profits of C for that period calculated in accordance with generally accepted accounting practice (disregarding any capital gains or losses), but before any deduction for interest or tax;
- “relevant operating expenses” of C means operating expenses of C other than—the cost of goods sold, andrelated-party business expenditure;
- “*scheme*” means any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving one or more transactions;
- “*UK-connected gross income*” means the gross income derived, directly or indirectly, from persons who are within the charge to United Kingdom tax for all or part of the accounting period;
- “*UK-connected related-party business expenditure*” means related-party business expenditure which gives rise, directly or indirectly, to income of a person within the charge to United Kingdom tax in respect of that income;
- “*United Kingdom tax*” means income tax or corporation tax;
and paragraph 12D(3) (persons “related” to C) applies for the purposes of this paragraph as it applies for the purposes of paragraph 12D(2)(f).
- (8) In the case of a company which is within the charge to United Kingdom tax only because it carries on a trade in the United Kingdom through a permanent establishment there, for the purposes of sub-paragraph (7)—
- (a) the gross income derived from that company is so much of the gross income as is attributable to that establishment, and
- (b) the income received by that company is such of its income as is attributable to that establishment.
### Finance income and relevant IP income
##### 12F
- (1) The requirement of this paragraph is that not more than 5% of C's gross income for the accounting period falls within sub-paragraph (2).
- (2) Gross income falls within this sub-paragraph to the extent that it is—
- (a) finance income, or
- (b) relevant IP income.
- (3) “*Finance income*” means—
- (a) any amount which in accordance with UK generally accepted accounting practice falls to be recognised as arising from a financial asset, and
- (b) any return, in relation to an amount, which—
- (i) is produced for C by an arrangement to which C is party, and
- (ii) is economically equivalent to interest,
except to the extent that the return is taken into account in determining an amount within paragraph (a).
- (4) “*Relevant IP income*” means royalties and receipts of a similar nature arising from intellectual property.
- (5) For the purposes of sub-paragraph (3)(b), the amount of a return is the amount which by virtue of the return would, in calculating C's chargeable profits, be treated under section 486B of CTA 2009 (disguised interest to be regarded as profit from loan relationship) as a profit arising to C from a loan relationship.
- (6) But, in calculating that profit for the purposes of sub-paragraph (5), sections 486B(7) and 486C to 486E of CTA 2009 are to be ignored.
- (7) In this paragraph—
- “*economically equivalent to interest*” is to be construed in accordance with section 486B(2) and (3) of CTA 2009;
- “*financial asset*” means a financial asset as defined for the purposes of UK generally accepted accounting practice or international accounting standards;
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A).
### Gross income
##### 12G
- (1) References in this Part of this Schedule to C's gross income are to be construed in accordance with this paragraph.
- (2) C's gross income for an accounting period does not include—
- (a) any distribution that would not be included in C's chargeable profits by reason of it being exempt for the purposes of Part 9A of CTA 2009 (see section 931A of that Act), or
- (b) any amount that would be taken into account in computing chargeable gains if C were within the charge to corporation tax.
- (3) C's gross income for an accounting period includes—
- (a) any income which accrues during that period to the trustees of a settlement in relation to which C is a settlor or a beneficiary, and
- (b) any income which accrues during that period to a partnership of which C is a partner, apportioned between C and the other partners on a just and reasonable basis.
- (4) Where there is more than one settlor or beneficiary in relation to the settlement mentioned in sub-paragraph (3)(a), the income is to be apportioned between C and the other settlors or beneficiaries on a just and reasonable basis.
- (5) In this paragraph—
- “*distribution*” has the same meaning as in the Corporation Tax Acts (see Part 23 of CTA 2010);
- “*partnership*” includes an entity established under the law of a country or territory outside the United Kingdom of a similar character to a partnership; and “partner” is to be read accordingly.
## Part 2B — Companies Exploiting Intellectual Property with Limited UK Connection
### Introductory
##### 12H
- (1) For the purposes of section 748(1)(bb), a company (“C”) is exempt for an accounting period if the requirements of this Part of this Schedule are satisfied.
- (2) The requirements are those imposed as to C's—
- (a) business establishment (see paragraph 12I),
- (b) intellectual property business (see paragraph 12J),
- (c) other business activities (see paragraph 12K),
- (d) UK connection (see paragraph 12L), and
- (e) finance income (see paragraph 12M).
### Business establishment
##### 12I
- (1) The requirement of this paragraph is that throughout the accounting period C has a business establishment in the territory in which it is resident.
- (2) For the purposes of sub-paragraph (1)—
- (a) paragraph 5(2) to (5) (special rules about residence of the company) applies as it applies for the purposes of Part 2 of this Schedule, and
- (b) paragraph 7 (meaning of “business establishment”) applies as it applies for the purposes of paragraph 6(1)(a).
### Intellectual property business
##### 12J
- (1) The requirement of this paragraph is that C's main business, throughout the accounting period, consists of the exploitation of intellectual property which does not have a relevant UK connection.
- (2) For the purposes of sub-paragraph (1), if any part of C's main business consists of the exploitation of intellectual property which has a relevant UK connection, that part is to be ignored if it is an insignificant part of C's main business.
- (3) Intellectual property has a relevant UK connection if—
- (a) at any time during the accounting period or the 6 years immediately preceding that period, it has been held by a person resident in the United Kingdom, or
- (b) activities relating to the creation, maintenance or enhancement of the intellectual property (other than activities of an incidental or insignificant nature) have been carried on by a person who for some or all of the period—
- (i) beginning when the activities were first carried on by the person, and
- (ii) ending at the end of the accounting period,
was related to C and within the charge to United Kingdom tax.
### Other business activities
##### 12K
- (1) The requirement of this paragraph is that—
- (a) C does not, at any time during the accounting period, carry on any activities otherwise than in the course of its main business, or
- (b) if it carries on any such activities (“secondary activities”), the secondary activities condition is met.
- (2) The secondary activities condition is that either—
- (a) the secondary activities do not, at any time during the accounting period, constitute a substantial part of the activities of C's business taken as a whole, or
- (b) section 748(1)(b) or (ba) would apply to prevent an apportionment under section 747(3) falling to be made as regards that period, if C's business consisted only of the secondary activities carried on by it during the accounting period.
### UK connection
##### 12L
- (1) The requirement of this paragraph is that C does not have a significant connection with the United Kingdom during the accounting period.
- (2) C has a significant connection with the United Kingdom during the accounting period if—
- (a) all or a substantial proportion of C's gross income for that period consists of income from the exploitation of intellectual property which derives from persons within the charge to United Kingdom tax, or
- (b) during that period C incurs expenditure (other than expenditure of an incidental or insignificant nature) on—
- (i) R&D sub-contractor payments, or
- (ii) the creation, development or maintenance of relevant intellectual property,
and that expenditure forms part of the income of a person who for some or all of that period is related to C and within the charge to United Kingdom tax.
- (3) In this paragraph—
- “*R&D sub-contractor payment*” means a payment made by C to another person in respect of research and development contracted out by C to that person;
- “*relevant intellectual property*” means intellectual property which does not have a relevant UK connection (see paragraph 12J(3)) and which C exploits in the course of its main business.
### Finance income
##### 12M
The requirement of this paragraph is that not more than 5% of C's gross income for the accounting period consists of finance income (within the meaning of paragraph 12F(3)).
### Interpretation of Part 2B
##### 12N
- (1) For the purpose of this Part of this Schedule—
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A);
- “*United Kingdom tax*” means corporation tax or income tax;
and paragraph 12G (meaning of “gross income”) applies as it applies for the purposes of Part 2A of this Schedule.
- (2) For the purposes of this Part of this Schedule a person is “related” to C at a particular time if at that time—
- (a) the person is connected or associated with C,
- (b) the person has a 25 per cent assessable interest in C in the case of the accounting period of C in which that time falls (within the meaning of paragraph 6(4C)), or
- (c) if C is a controlled foreign company in the accounting period in which that time falls by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
- (3) In the case of a company which is within the charge to United Kingdom tax only because it carries on a trade in the United Kingdom through a permanent establishment there—
- (a) for the purposes of paragraph 12J(3)(b), the activities carried on by the company are such of the activities as are carried on through that establishment,
- (b) for the purposes of paragraph 12L(2)(a), the income derived from that company is such of the income so derived as is attributable to that establishment, and
- (c) for the purposes of paragraph 12L(2)(b), the income of that company is such of its income as is attributable to that establishment.
## Part 3A — Exempt Periods
### Introductory
##### 15A
The provisions of this Part of this Schedule have effect for the purposes of section 748(1)(f).
### Beginning of exempt period
##### 15B
- (1) An exempt period begins in relation to a company (“X”) at a time (“*the relevant time*”) when—
- (a) X is resident outside the United Kingdom,
- (b) X is controlled by persons resident in the United Kingdom,
- (c) there is at least one relevant UK corporate investor in X, and
- (d) the requirements of paragraph 15C or 15D are met.
- (2) There is a “relevant UK corporate investor in X” at a particular time if, at that time, there is a company which—
- (a) is resident in the United Kingdom, and
- (b) would, on the assumptions set out in sub-paragraph (3), be a company to which an apportionment of X's chargeable profits for the relevant accounting period would fall to be made in circumstances where section 747(5) would not prevent tax being chargeable on the company under section 747(4).
- (3) The assumptions are—
- (a) X has chargeable profits for the relevant accounting period,
- (b) an apportionment of those profits falls to be made under section 747(3) for that period, and
- (c) no reduction of those profits arises under section 751A, 751AA or 751AB.
- (4) “*The relevant accounting period*” means the accounting period of X in which the time mentioned in sub-paragraph (2) falls.
##### 15C
- (1) The requirements of this paragraph are that—
- (a) no company was, at any time before the relevant time, a relevant UK corporate investor in X,
- (b) no asset owned by X, or part of the business carried on by X, at the relevant time was previously owned, or carried on, by a company which—
- (i) was under the control of persons resident in the United Kingdom at any time it owned the asset or carried on the part of the business, and
- (ii) is or has been related to X,
- (c) condition A, B, C or D is met, and
- (d) no disqualifying relevant transaction occurs (see paragraph 15E).
- (2) Condition A is that, immediately before the relevant time, X—
- (a) was in existence, but
- (b) was not a member of the same group of companies as any person who, at the relevant time, was a controlling UK person.
- (3) Condition B is that—
- (a) at the relevant time X is controlled by a company which is resident in the United Kingdom, and
- (b) immediately before that time, X was controlled by that same company but that company was not then resident in the United Kingdom.
- (4) Condition C is that—
- (a) at the relevant time—
- (i) X is controlled by a company which is resident in the United Kingdom (“the intermediate parent”), and
- (ii) the intermediate parent is controlled by a company which is not resident in the United Kingdom (“the parent”), and
- (b) immediately before that time X was controlled by the parent but not the intermediate parent.
- (5) Condition D is that X—
- (a) is a controlled foreign company at the time it is formed, and
- (b) is formed by one or more persons for the purpose of controlling one or more companies in circumstances where it is expected that an exempt period will begin in relation to one or more of those companies at the time when X begins to control the company or companies.
- (6) In this paragraph “*controlling UK person*” means a person resident in the United Kingdom who alone, or together with other such persons, controls X.
##### 15D
- (1) The requirements of this paragraph are that—
- (a) the relevant time falls after 23 March 2011,
- (b) X has an accounting period during which 23 March 2011 falls,
- (c) no company was, at any time during that accounting period, a relevant UK corporate investor in X,
- (d) no company was, immediately before the relevant time, a relevant UK corporate investor in X,
- (e) at the relevant time X is controlled by a company which—
- (i) is resident in the United Kingdom, and
- (ii) is not under the control of another body corporate, or two or more other bodies corporate taken together, and
- (f) no disqualifying relevant transaction occurs (see paragraph 15E).
- (2) In determining for the purposes of sub-paragraph (1)(e)(ii) whether a company is under the control of two or more bodies corporate taken together, a body corporate which holds less than 10% of the issued ordinary shares of that company is to be disregarded.
- (3) For the purposes of sub-paragraph (2), a body corporate is treated as holding any shares held by persons who are connected or associated with the body corporate.
### Disqualifying relevant transactions
##### 15E
- (1) This paragraph applies for the purposes of paragraph 15C and 15D.
- (2) A disqualifying relevant transaction occurs if—
- (a) a relevant transaction occurs at the relevant time (whether or not the transaction occurs pursuant to an agreement entered into by X before that time), or
- (b) a relevant transaction occurs on or after 9 December 2010 but before the relevant time and that transaction forms part of an avoidance scheme.
- (3) “*Relevant transaction*” means—
- (a) the making by X of a loan or advance of an amount (other than a negligible amount) to a person who, at the time it is made, is related to X and subject to United Kingdom tax,
- (b) an increase (other than an increase of a negligible amount) in the amount of an existing loan or advance made by X to a person who, at the time of the increase, is related to X and subject to United Kingdom tax,
- (c) a change in the terms or conditions of an existing loan or advance made by X where—
- (i) the loan or advance is to a person who, at the time the change is made, is related to X and subject to United Kingdom tax, and
- (ii) the change has an effect (other than a negligible effect) on the amount of interest payable, or
- (d) a transaction to which sub-paragraph (4) applies.
- (4) This sub-paragraph applies to a transaction if—
- (a) it is referable to an activity carried on by X as part, or the whole, of any non-exempt activities carried on by X,
- (b) the results of the transaction are reflected in the profits arising in an accounting period of X and are not negligible in value, and
- (c) the results of the transaction alone, or together with the results of one or more other transactions, achieves a reduction in United Kingdom tax.
- (5) A transaction achieves, or two or more transactions together achieve, a reduction in United Kingdom tax if, had the transaction or transactions not been effected, any person—
- (a) would have been liable for any such tax or for a greater amount of any such tax, or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (6) In this paragraph—
- “*avoidance scheme*” means a scheme the main purpose, or one of the main purposes, of any party to which in entering into the scheme is to secure that section 748(1)(f) prevents an apportionment falling to be made under section 747(3) as regards an accounting period, or accounting periods, of X;
- “*non-exempt activities*” has the meaning given by paragraph 12D(2);
- “*scheme*” means any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving one or more transactions;
- “*United Kingdom tax*” means corporation tax (or any tax chargeable as if it were corporation tax) or income tax.
### Ending of exempt period
##### 15F
- (1) An exempt period ends on the expiry of the period of 24 months which begins immediately after the first accounting period of X to end after the relevant time, unless sub-paragraph (2) applies.
- (2) If an early termination event occurs after the relevant time but before the time the exempt period would end under sub-paragraph (1), the exempt period ends immediately before that event.
- (3) An early termination event occurs if and when—
- (a) a relevant transaction occurs, whether or not the transaction occurs pursuant to an agreement entered into by X before that time, or
- (b) where the exempt period began because Condition D was met, X's business does not consist wholly in the holding of shares of companies which X controls, together with activities incidental to the holding of such shares.
### Interpretation of Part 3A
##### 15G
- (1) In this Part of this Schedule—
- “*group*” means a company and any other companies it controls;
- “*the relevant time*” has the meaning given by paragraph 15B;
- “*relevant transaction*” has the meaning given by paragraph 15E;
- “*relevant UK corporate investor in X*” has the meaning given by paragraph 15B(2);
- “*X*” is to be construed in accordance with paragraph 15B.
- (2) For the purposes of this Part of this Schedule a person is “related” to X at a particular time if—
- (a) the person is connected or associated with X at that time,
- (b) the person has a 25 per cent assessable interest in X in the case of the accounting period in which that time falls (within the meaning of paragraph 6(4C)), or
- (c) if X is a controlled foreign company in the accounting period in which that time falls by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
### Application of this Schedule in relation to umbrella funds and funds comprising more than one class of interest
##### 21
- (1) The Treasury may make provision by regulations as to the application of the provisions of this Schedule in relation to—
- (a) a part of an umbrella fund which is treated as an offshore fund under section 756B, or
- (b) a class of interest in an offshore fund which is treated as an offshore fund under section 756C.
- (2) Regulations under this paragraph may—
- (a) make different provision for different cases, and
- (b) include such supplementary, incidental, consequential or transitional provisions (including provisions modifying the effect of other enactments) as appear to the Treasury to be necessary or expedient.
## Part 3 — Supplementary
### Application of this Schedule in relation to umbrella funds and funds comprising more than one class of interest
##### 9
- (1) The Treasury may make provision by regulations as to the application of the provisions of this Schedule in relation to—
- (a) a part of an umbrella fund which is treated as an offshore fund under section 756B, or
- (b) a class of interest in an offshore fund which is treated as an offshore fund under section 756C.
- (2) Regulations under this paragraph may—
- (a) make different provision for different cases, and
- (b) include such supplementary, incidental, consequential or transitional provisions (including provisions modifying the effect of other enactments) as appear to the Treasury to be necessary or expedient.
## Schedule 28A
## Part I — Significant increase in company capital
### General
##### 1
The provisions referred to in section 768B(2) for determining whether there is a significant increase in the amount of a company’s capital after a change in the ownership of the company are as follows.
### The basic rule
##### 2
There is a significant increase in the amount of a company’s capital if amount B—
- (a) exceeds amount A by at least £1 million; or
- (b) is at least twice amount A.
### Amount A
##### 3
- (1) Amount A is the lower of—
- (a) the amount of the company’s capital immediately before the change in the ownership; and
- (b) the highest 60 day minimum amount for the pre-change year, found in accordance with sub-paragraphs (2) to (6) below.
- (2) Find the daily amounts of the company’s capital over the pre-change year.
- (3) Take the highest of the daily amounts.
- (4) Find out whether there was in the pre-change year a period of 60 days or more in which there was no daily amount lower than the amount taken.
- (5) If there was, the amount taken is the highest 60 day minimum amount for the pre-change year.
- (6) If there was not, take the next highest of the daily amounts and repeat the process in sub-paragraph (4) above; and so on, until the highest 60 day minimum amount for the pre-change year is found.
- (7) In this Part of this Schedule “*the pre-change year*” means the period of one year ending immediately before the change in the ownership of the company in question.
### Amount B
##### 4
- (1) Amount B is the highest 60 day minimum amount for the post-change period (finding that amount for that period in the same way as the highest 60 day minimum amount for the pre-change year is found).
- (2) In this paragraph “*the post-change period*” means the period of three years beginning with the change in the ownership of the company in question.
### Capital and amounts of capital
##### 5
- (1) The capital of a company consists of the aggregate of—
- (a) the amount of the paid up share capital of the company;
- (b) the amount outstanding of any debts incurred by the company which are of a description mentioned in any of paragraphs (a) to (c) of section 417(7); and
- (c) the amount outstanding of any redeemable loan capital issued by the company.
- (2) For the purposes of sub-paragraph (1) above—
- (a) the amount of the paid up share capital includes any amount in the share premium account of the company (construing “share premium account” in the same way as in section 130 of the Companies Act 1985); and
- (b) the amount outstanding of any debts includes any interest due on the debts.
- (3) Amounts of capital shall be expressed in sterling and rounded up to the nearest pound.
## Part II — Amounts in issue for purposes of section 768B
##### 6
The amounts in issue referred to in section 768B(4)(c) are—
- (a) the amount of any expenses of management referable to the accounting period (within the meaning of section 75) being divided, except any such expenses as would (apart from section 768B) be deductible in computing profits otherwise than under section 75;
- (b) the amount of any charges which are paid in that accounting period wholly and exclusively for the purposes of the company’s business;
- (c) the amount of any excess carried forward under section 75(9) to the accounting period being divided;
- (d) the amount of any allowances falling to be made for that accounting period by virtue of section 253 of the Capital Allowances Act which would (apart from section 768B) be added to the expenses of management for that accounting period by virtue of section 75(7);
- (da) the amount (if any) of the adjusted Case III profits and gains or non-trading deficit of the company for that accounting period (other than one within sub-paragraph (dc) below) ;
- (db) the amount of any non-trading debit (other than one within sub-paragraph . . . (dd) below) that falls to be brought into account for that accounting period for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of any debtor relationship of the company;
- (dc) the amount of any non-trading deficit carried forward to that accounting period under section 83(3A) of the Finance Act 1996 (carried forward deficit not set off against profits);
- (dd) the amount of any non-trading debit given for that accounting period by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company;
- (de) the amount of any non-trading credits or debits in respect of intangible fixed assets that fall to be brought into account for that period under paragraph 34 of Schedule 29 to the Finance Act 2002;
- (df) the amount of any non-trading loss on intangible fixed assets carried forward to that accounting period under paragraph 35(3) of that Schedule;
- (e) any other amounts by reference to which the profits or losses of that accounting period would (apart from section 768B) be calculated.
##### 6A
For the purposes of paragraph 6(da) above, the amount for any accounting period of the adjusted Case III profits and gains or non-trading deficit of a company is the amount which, as the case may be, would be—
- (a) the amount of the profits and gains chargeable under Case III of Schedule D as profits and gains arising from the company’s loan relationships, or
- (b) the amount of the company’s non-trading deficit on those relationships for that period,
if, in computing that amount, amounts for that period falling within paragraph 6(db) to (dd) above were disregarded.
## Part III — Apportionment for purposes of section 768B
##### 7
- (1) Subject to paragraph 8 below, the apportionment required by section 768B(4)(c) shall be made—
- (a) in the case of the sums mentioned in paragraph 6(a) above, by apportioning to each accounting period the amounts that would fall to be brought into account in that period as such sums, if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (aa) in the case of the charges mentioned in paragraph 6(b) above, by reference to the time when the charge is due to be paid;
- (b) in the case of the excess mentioned in paragraph 6(c) above, or in the case of the non-trading deficit mentioned in paragraph 6(dc) above, by apportioning the whole amount of the excess or, as the case may be, of the deficit to the first part of the accounting period being divided;
- (c) in the case of the amounts mentioned in paragraph 6(d) , (da) and (e) above, by reference to the respective lengths of the parts of the accounting period being divided;
- (d) in the case of any such debit as—
- (i) is mentioned in paragraph 6(db) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . .
- (iii) so falls to be brought into account otherwise than on the assumption, specified in paragraph 2(2) of Schedule 9 to that Act, that the interest to which it relates does not accrue until it is paid , and
- (iv) so falls to be brought into account without any adjustment under paragraph 17 or 18 of that Schedule (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed),
by reference to the time of accrual of the amount to which the debit relates;
- (e) in the case of any such debit as—
- (i) is mentioned in paragraph 6(db) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . . and
- (iii) so falls to be brought into account—
- — on the assumption mentioned in paragraph (d)(iii) above, or
- — with such an adjustment as is mentioned in paragraph (d)(iv) above,
by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (f) in the case of any such debit as is mentioned in paragraph 6(dd) above, by apportioning the whole amount of the debit to the first part of the accounting period being divided.
- (g) in the case of any such credit or debit as is mentioned in paragraph 6(de), by apportioning to each accounting period the credits or debits that would fall to be brought into account in that period if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (h) in the case of any such loss as is mentioned in paragraph 6(df) above, by apportioning the whole amount of the loss to the first part of the accounting period being divided.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 8
If it appears that any method of apportionment given by paragraph 7 above would work unreasonably or unjustly for any case for which it is given, such other method shall be used for that case as appears just and reasonable.
## Part IV — Excess overdue interest
### Introductory
##### 9
- (1) This paragraph has effect in a case to which section 768B applies for determining the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) for—
- (a) the accounting period beginning immediately after the change in the ownership of the company; and
- (b) any subsequent accounting period.
- (2) The debits so brought into account shall not include the debits falling within paragraph 11 below to the extent (if at all) that the aggregate of—
- (a) the amount of those debits, and
- (b) the amount of any debits falling within that paragraph which have been brought into account for the purposes of that Chapter for any previous accounting period ending after the change in the ownership,
exceeds the profits for the accounting period ending with the change in the ownership.
- (3) The reference in sub-paragraph (2) above to the profits is a reference to profits after making all deductions and giving all reliefs that for the purposes of corporation tax are made or given against the profits, including deductions and reliefs which under any provision are treated as reducing them for those purposes.
### The rules
##### 10
- (1) This paragraph has effect in a case to which section 768C applies for determining the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) for—
- (a) the accounting period beginning immediately after the change in the ownership of the relevant company; and
- (b) any subsequent accounting period.
- (2) The debits so brought into account for any such accounting period shall not include the debits falling within paragraph 11 below to the extent (if at all) that the amount of those debits exceeds the modified total profits for the accounting period.
- (3) The reference in sub-paragraph (2) above to the modified total profits for an accounting period is a reference to the total profits for that period—
- (a) reduced, if that period is the period in which the relevant gain accrues, by an amount equal to the amount of the total profits for that period which represents the relevant gain; and
- (b) after making all deductions and giving all reliefs that for the purposes of corporation tax are made or given against the profits, including deductions and reliefs which under any provision are treated as reducing them for those purposes, other than any reduction by virtue of paragraph 1(2) of Schedule 8 to the Finance Act 1996.
- (4) Where by virtue of sub-paragraph (2) above a debit is to any extent not brought into account for an accounting period, that debit may (to that extent) be brought into account for the next accounting period, but this is subject to the application of sub-paragraphs (1) to (3) above to that next accounting period.
##### 11
- (1) A debit falls within this paragraph if it is a non-trading debit which—
- (a) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting;
- (b) so falls to be brought into account—
- (i) with an adjustment under paragraph 17 or 18 of Schedule 9 to that Act (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed); or
- (ii) on the assumption, specified in sub-paragraph (2) of paragraph 2 of that Schedule, that the interest to which it relates does not accrue until it is paid; and
- (c) apart from paragraphs 2(2), 17 and 18 of that Schedule, would have fallen to be brought into account for those purposes for an accounting period ending before or with the change in the ownership of the company or, as the case may be, the relevant company.
- (2) The debits that fall within this paragraph also include—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) any non-trading debit given by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company or, as the case may be, the relevant company.
- (3) The debits that fall within this paragraph also include any non-trading debit which—
- (a) is not such a debit as is mentioned in sub-paragraph (1) or (2) above;
- (b) is a debit in respect of a debtor relationship of the company or, as the case may be, the relevant company;
- (c) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting; and
- (d) relates to an amount that accrued before the change in the ownership of that company.
- (4) In this paragraph “*post-change accounting period*” means the accounting period beginning immediately after the change in the ownership of the company or, as the case may be, the relevant company.
##### 12
Expressions used both in this Part of this Schedule and in Chapter II of Part IV of the Finance Act 1996 have the same meanings in this Part of this Schedule as in that Chapter.
## Part IV — Disallowed debits
##### 9A
- (1) This paragraph has effect in any case to which section 768B applies where the non-trading deficit mentioned in paragraph 6(dc) above is apportioned by paragraph 7(b) above to the first part of the accounting period being divided.
- (2) In any such case, none of that non-trading deficit shall be carried forward to—
- (a) the accounting period beginning immediately after the change in the ownership of the company, or
- (b) any subsequent accounting period.
##### 10A
- (1) This paragraph has effect in any case to which section 768C applies where the non-trading deficit mentioned in paragraph 13(1)(ec) below is apportioned by paragraph 16(1)(b) below to the first part of the accounting period being divided.
- (2) In any such case, none of that non-trading deficit shall be carried forward to—
- (a) the accounting period beginning immediately after the change in the ownership of the company, or
- (b) any subsequent accounting period.
## Part V — Amounts in issue for purposes of section 768C
##### 13
- (1) The amounts in issue referred to in section 768C(3)(c) are—
- (a) the amount which would in accordance with the relevant provisions of the 1992 Act (and apart from section 768C) be included in respect of chargeable gains in the total profits for the accounting period being divided;
- (b) the amount of any expenses of management referable to the accounting period (within the meaning of section 75) being divided except any such expenses as would (apart from section 768C) be deductible in computing total profits otherwise than under section 75;
- (c) the amount of any charges which are paid in that accounting period wholly and exclusively for the purposes of the company’s business;
- (d) the amount of any excess carried forward under section 75(9) to the accounting period being divided;
- (e) the amount of any allowances falling to be made for that accounting period by virtue of section 253 of the Capital Allowances Act which would (apart from section 768C) be added to the expenses of management for that accounting period by virtue of section 75(7);
- (ea) the amount (if any) of the adjusted Case III profits and gains or non-trading deficit of the company for that accounting period (other than one within paragraph (ec) below);
- (eb) the amount of any non-trading debit (other than one within paragraph . . . (ed) below) that falls to be brought into account for that accounting period for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of any debtor relationship of the company;
- (ec) the amount of any non-trading deficit carried forward to that accounting period under section 83(3A) of the Finance Act 1996 (carried forward deficit not set off against profits);
- (ed) the amount of any non-trading debit given for that accounting period by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company;
- (ee) the amount of any non-trading credits or debits in respect of intangible fixed assets that fall to be brought into account for that period under paragraph 34 of Schedule 29 to the Finance Act 2002;
- (ef) the amount of any non-trading loss on intangible fixed assets carried forward to that accounting period under paragraph 35(3) of that Schedule; and
- (f) any other amounts by reference to which the profits or losses of the accounting period being divided would (apart from section 768C) be calculated.
- (2) In sub-paragraph (1)(a) above “*the relevant provisions of the 1992 Act*” means section 8(1) of and Schedule 7A to that Act.
##### 13A
Paragraph 6A above shall apply for the purposes of paragraph 13(1)(ea) above as it applies for the purposes of paragraph 6(da) above.
## Part VI — Apportionment for purposes of section 768C
##### 14
The apportionment required by section 768C(3)(c) shall be made as follows.
##### 15
In the case of the amount mentioned in paragraph 13(1)(a) above—
- (a) if it does not exceed the amount of the relevant gain, the whole of it shall be apportioned to the second part of the accounting period being divided;
- (b) if it exceeds the amount of the relevant gain, the excess shall be apportioned to the first part of the accounting period being divided and the relevant gain shall be apportioned to the second part.
##### 16
- (1) Subject to paragraph 17 below, the apportionment shall be made—
- (a) in the case of the sums mentioned in paragraph 13(1)(b) above, by apportioning to each accounting period the amounts that would fall to be brought into account in that period as such sums, if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (aa) in the case of the charges mentioned in paragraph 13(1)(c) above, by reference to the time when the charge is due to be paid;
- (b) in the case of the excess mentioned in paragraph 13(1)(d) above, or in the case of the non-trading deficit mentioned in paragraph 13(1)(ec) above, by apportioning the whole amount of the excess or, as the case may be, of the deficit to the first part of the accounting period being divided;
- (c) in the case of the amounts mentioned in paragraph 13(1)(e) , (ea) and (f) above, by reference to the respective lengths of the parts of the accounting period being divided;
- (d) in the case of any such debit as—
- (i) is mentioned in paragraph 13(1)(eb) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . .
- (iii) so falls to be brought into account otherwise than on the assumption, specified in paragraph 2(2) of Schedule 9 to that Act, that the interest to which it relates does not accrue until it is paid , and
- (iv) so falls to be brought into account without any adjustment under paragraph 17 or 18 of that Schedule (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed),
by reference to the time of accrual of the amount to which the debit relates;
- (e) in the case of any such debit as—
- (i) is mentioned in paragraph 13(1)(eb) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . . and
- (iii) so falls to brought into account—
- — on the assumption mentioned in paragraph (d)(iii) above, or
- — with such an adjustment as is mentioned in paragraph (d)(iv) above,
by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (f) in the case of any such debit as is mentioned in paragraph 13(1)(ed) above, by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (g) in the case of any such credit or debit as is mentioned in paragraph 13(ee), by apportioning to each accounting period the credits or debits that would fall to be brought into account in that period if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (h) in the case of any such loss as is mentioned in paragraph 13(ef), by apportioning the whole amount of the loss to the first part of the accounting period being divided.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 17
If it appears that any method of apportionment given by paragraph 16 above would work unreasonably or unjustly for any case for which it is given, such other method shall be used for that case as appears just and reasonable.
## SCHEDULE 28AA
### Basic rule on transfer pricing etc.
##### 1
- (1) This Schedule applies where—
- (a) provision (“the actual provision") has been made or imposed as between any two persons (“the affected persons") by means of a transaction or series of transactions, and
- (b) at the time of the making or imposition of the actual provision—
- (i) one of the affected persons was directly or indirectly participating in the management, control or capital of the other; or
- (ii) the same person or persons was or were directly or indirectly participating in the management, control or capital of each of the affected persons.
- (2) Subject to paragraphs 5A, 5B, 8, 10 and 13 below, if the actual provision—
- (a) differs from the provision (“the arm"s length provision’) which would have been made as between independent enterprises, and
- (b) confers a potential advantage in relation to United Kingdom taxation on one of the affected persons, or (whether or not the same advantage) on each of them,
the profits and losses of the potentially advantaged person or, as the case may be, of each of the potentially advantaged persons shall be computed for tax purposes as if the arm’s length provision had been made or imposed instead of the actual provision.
- (3) For the purposes of this Schedule the cases in which provision made or imposed as between any two persons is to be taken to differ from the provision that would have been made as between independent enterprises shall include the case in which provision is made or imposed as between any two persons but no provision would have been made as between independent enterprises; and references in this Schedule to the arm’s length provision shall be construed accordingly.
### Provision in relation to securities: determination of arm’s length provision
##### 1A
- (1) This paragraph applies where—
- (a) both of the affected persons are companies, and
- (b) the actual provision is provision in relation to a security issued by one of those companies (“the issuing company”).
- (2) Paragraph 1(2)(a) above shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the loan would have been made at all in the absence of the special relationship (see sub-paragraph (6) below),
- (b) the amount which the loan would have been in the absence of the special relationship, and
- (c) the rate of interest and other terms which would have been agreed in the absence of the special relationship,
but this is subject to the following provisions of this paragraph.
- (3) In a case where—
- (a) a company makes a loan to another company with which it has a special relationship, and
- (b) it is not part of the first company’s business to make loans generally,
the fact that it is not part of the first company’s business to make loans generally shall be disregarded in construing sub-paragraph (2) above.
- (4) Paragraph 1(2)(a) above shall be construed as requiring no account to be taken, in the determination of any of the matters mentioned in sub-paragraph (5) below, of (or of any inference capable of being drawn from) any guarantee provided by a company with which the issuing company has a participatory relationship (see sub-paragraphs (7) and (8) below).
- (5) The matters are—
- (a) the appropriate level or extent of the issuing company’s overall indebtedness;
- (b) whether it might be expected that the issuing company and a particular person would have become parties to a transaction involving the issue of a security by the issuing company or the making of a loan, or a loan of a particular amount, to the issuing company;
- (c) the rate of interest and other terms that might be expected to be applicable in any particular case to such a transaction.
- (6) In this paragraph “*special relationship*” means any relationship by virtue of which the condition in paragraph 1(1)(b) above is satisfied in the case of the affected persons.
- (7) In this paragraph any reference to a guarantee includes a reference to a surety and to any other relationship, arrangements, connection or understanding (whether formal or informal) such that the person making the loan to the issuing company has a reasonable expectation that in the event of a default by the issuing company he will be paid by, or out of the assets of, one or more companies.
- (8) For the purposes of this paragraph, the cases where one company has a “*participatory relationship*”with another are those where—
- (a) one of them is directly or indirectly participating in the management, control or capital of the other; or
- (b) the same person or persons is or are directly or indirectly participating in the management, control or capital of each of them.
- (9) In this paragraph “*security*” includes securities not creating or evidencing a charge on assets.
- (10) For the purposes of this paragraph—
- (a) interest payable by a company on money advanced without the issue of a security for the advance, or
- (b) other consideration given by a company for the use of money so advanced,
shall be treated as if payable or given in respect of a security issued for the advance by the company, and references in this paragraph to a security shall be construed accordingly.
### Guarantees etc
##### 1B
- (1) This paragraph applies where the actual provision is made or imposed by means of a series of transactions which include—
- (a) the issuing of a security by a company which is one of the affected persons (“the issuing company”), and
- (b) the provision of a guarantee by a company which is the other of those persons.
- (2) Paragraph 1(2)(a) above shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the guarantee would have been provided at all in the absence of the special relationship,
- (b) the amount that would have been guaranteed in the absence of the special relationship, and
- (c) the consideration for the guarantee and other terms which would have been agreed in the absence of the special relationship,
but this is subject to the following provisions of this paragraph.
- (3) In a case where—
- (a) a company provides a guarantee in respect of another company with which it has a special relationship, and
- (b) it is not part of the first company’s business to provide guarantees generally,
the fact that it is not part of the first company’s business to provide guarantees generally shall be disregarded in construing sub-paragraph (2) above.
- (4) Paragraph 1(2)(a) above shall be construed as requiring no account to be taken, in the determination of any of the matters mentioned in sub-paragraph (5) below, of (or of any inference capable of being drawn from) any guarantee provided by a company with which the issuing company has a participatory relationship.
- (5) The matters are—
- (a) the appropriate level or extent of the issuing company’s overall indebtedness;
- (b) whether it might be expected that the issuing company and a particular person would have become parties to a transaction involving the issue of a security by the issuing company or the making of a loan, or a loan of a particular amount, to the issuing company;
- (c) the rate of interest and other terms that might be expected to be applicable in any particular case to such a transaction.
- (6) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (6) (meaning of special relationship);
- (b) sub-paragraph (7) (construction of references to a guarantee);
- (c) sub-paragraph (8) (meaning of participatory relationship);
- (d) sub-paragraph (9) (meaning of security);
- (e) sub-paragraph (10) (extended meaning of security).
### Principles for construing rules in accordance with OECD principles
##### 2
- (1) This Schedule shall be construed (subject to paragraphs 8 to 11 below) in such manner as best secures consistency between—
- (a) the effect given to paragraph 1 above; and
- (b) the effect which, in accordance with the transfer pricing guidelines, is to be given, in cases where double taxation arrangements incorporate the whole or any part of the OECD model, to so much of the arrangements as does so.
- (2) In this paragraph “*the OECD model*” means—
- (a) the rules which, at the passing of this Act, were contained in Article 9 of the Model Tax Convention on Income and on Capital published by the Organisation for Economic Co-operation and Development; or
- (b) any rules in the same or equivalent terms.
- (3) In this paragraph “*the transfer pricing guidelines*” means—
- (a) all the documents published by the Organisation for Economic Co-operation and Development, at any time before 1st May 1998, as part of their Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations; and
- (b) such documents published by that Organisation on or after that date as may for the purposes of this Schedule be designated, by an order made by the Treasury, as comprised in the transfer pricing guidelines.
### Meaning of “transaction" and “series of transactions"
##### 3
- (1) In this Schedule “*transaction*” includes arrangements, understandings and mutual practices (whether or not they are, or are intended to be, legally enforceable).
- (2) References in this Schedule to a series of transactions include references to a number of transactions each entered into (whether or not one after the other) in pursuance of, or in relation to, the same arrangement.
- (3) A series of transactions shall not be prevented by reason only of one or more of the matters mentioned in sub-paragraph (4) below from being regarded for the purposes of this Schedule as a series of transactions by means of which provision has been made or imposed as between any two persons.
- (4) Those matters are—
- (a) that there is no transaction in the series to which both those persons are parties;
- (b) that the parties to any arrangement in pursuance of which the transactions in the series are entered into do not include one or both of those persons; and
- (c) that there is one or more transactions in the series to which neither of those persons is a party.
- (5) In this paragraph, “*arrangement*” means any scheme or arrangement of any kind (whether or not it is, or is intended to be, legally enforceable).
### Participation in the management, control or capital of a person
##### 4
- (1) For the purposes of this Schedule a person is directly participating in the management, control or capital of another person at a particular time if, and only if, that other person is at that time—
- (a) a body corporate or a partnership; and
- (b) controlled by the first person.
- (2) For the purposes of this Schedule a person (“*the potential participant*”) is indirectly participating in the management, control or capital of another person at a particular time if, and (subject to paragraphs 4A and 6(4C) below) only if—
- (a) he would be taken to be directly so participating at that time if the rights and powers attributed to him included all the rights and powers mentioned in sub-paragraph (3) below that are not already attributed to him for the purposes of sub-paragraph (1) above; or
- (b) he is, at that time, one of a number of major participants in that other person’s enterprise.
- (3) The rights and powers referred to in sub-paragraph (2)(a) above are—
- (a) rights and powers which the potential participant is entitled to acquire at a future date or which he will, at a future date, become entitled to acquire;
- (b) rights and powers of persons other than the potential participant to the extent that they are rights or powers falling within sub-paragraph (4) below;
- (c) rights and powers of any person with whom the potential participant is connected; and
- (d) rights and powers which for the purposes of sub-paragraph (2)(a) above would be attributed to a person with whom the potential participant is connected if that connected person were himself the potential participant.
- (4) Rights and powers fall within this sub-paragraph to the extent that they—
- (a) are required, or may be required, to be exercised in any one or more of the following ways, that is to say—
- (i) on behalf of the potential participant;
- (ii) under the direction of the potential participant; or
- (iii) for the benefit of the potential participant;
and
- (b) are not confined, in a case where a loan has been made by one person to another, to rights and powers conferred in relation to property of the borrower by the terms of any security relating to the loan.
- (5) In sub-paragraphs (3)(b) to (d) and (4) above, the references to a person’s rights and powers include references to any rights or powers which he either—
- (a) is entitled to acquire at a future date, or
- (b) will, at a future date, become entitled to acquire.
- (6) In paragraph (d) of sub-paragraph (3) above, the reference to rights and powers which would be attributed to a connected person if he were the potential participant includes a reference to rights and powers which, by applying that paragraph wherever one person is connected with another, would be so attributed to him through a number of persons each of whom is connected with at least one of the others.
- (7) For the purposes of this paragraph a person (“*the potential major participant*”) is a major participant in another person’s enterprise at a particular time if at that time—
- (a) that other person (“*the subordinate*”) is a body corporate or partnership; and
- (b) the 40 per cent. test is satisfied in the case of each of two persons who, taken together, control the subordinate and of whom one is the potential major participant.
- (8) For the purposes of this paragraph the 40 per cent. test is satisfied in the case of each of two persons wherever each of them has interests, rights and powers representing at least 40 per cent. of the holdings, rights and powers in respect of which the pair of them fall to be taken as controlling the subordinate.
- (9) For the purposes of this paragraph—
- (a) the question whether a person is controlled by any two or more persons taken together, and
- (b) any question whether the 40 per cent. test is satisfied in the case of a person who is one of two persons,
shall be determined after attributing to each of the persons all the rights and powers attributed to a potential participant for the purposes of sub-paragraph (2)(a) above.
- (10) References in this paragraph—
- (a) to rights and powers of a person, or
- (b) to rights and powers which a person is or will become entitled to acquire,
include references to rights or powers which are exercisable by that person, or (when acquired by that person) will be exercisable, only jointly with one or more other persons.
- (11) For the purposes of this paragraph two persons are connected with each other if—
- (a) one of them is an individual and the other is his spouse or civil partner, a relative of his or of his spouse or civil partner, or the spouse or civil partner of such a relative; or
- (b) one of them is a trustee of a settlement and the other is—
- (i) a person who in relation to that settlement is a settlor; or
- (ii) a person who is connected with a person falling within sub-paragraph (i) above.
- (12) In sub-paragraph (11) above—
- “*relative*” means brother, sister, ancestor or lineal descendant; and
- “*settlement*” and “*settlor*” have the same meanings as in Chapter IA of Part XV.
### Persons acting together in relation to financing arrangements
##### 4A
- (1) A person (“P”) shall be treated for the purposes of paragraph 1(1)(b)(i) above (but subject to sub-paragraph (7) below) as indirectly participating in the management, control or capital of another (“A”) at the time of the making or imposition of the actual provision if—
- (a) the actual provision relates, to any extent, to financing arrangements for A;
- (b) A is a body corporate or partnership;
- (c) P and other persons acted together in relation to the financing arrangements; and
- (d) P would be taken to have control of A if, at any relevant time, there were attributed to P the rights and powers of each of the other persons mentioned in paragraph (c) above.
- (2) A person (“Q”) shall be treated for the purposes of paragraph 1(1)(b)(ii) above (but subject to sub-paragraph (7) below) as indirectly participating in the management, control or capital of each of the affected persons at the time of the making or imposition of the actual provision if—
- (a) the actual provision relates, to any extent, to financing arrangements for one of the affected persons (“B”);
- (b) B is a body corporate or partnership;
- (c) Q and other persons acted together in relation to the financing arrangements; and
- (d) Q would be taken to have control of both B and the other affected person if, at any relevant time, there were attributed to Q the rights and powers of each of the other persons mentioned in paragraph (c) above.
- (3) It is immaterial for the purposes of sub-paragraph (1)(c) or (2)(c) above whether P or Q and the other persons acting together in relation to the financing arrangements did so at the time of the making or imposition of the actual provision or at some earlier time.
- (4) In sub-paragraph (1)(d) or (2)(d) “*relevant time*” means—
- (a) a time when P or Q and the other persons were acting together in relation to the financing arrangements; or
- (b) a time in the period of six months beginning with the day on which they ceased so to act.
- (5) In determining for the purposes of sub-paragraph (1)(d) or (2)(d) whether P or Q would be taken to have control of another person, the rights and powers of any person (and not just P or Q) shall be taken to include those that would be attributed to that person in determining under paragraph 4 above whether he is indirectly participating in the management, control or capital of the other person.
- (6) In this paragraph “*financing arrangements*” means arrangements made for providing or guaranteeing, or otherwise in connection with, any debt, capital or other form of finance.
- (7) Where the condition in paragraph 1(1)(b) above would not be satisfied but for this paragraph, paragraph 1(2) above applies only to the extent that the actual provision relates to the financing arrangements in question.
### Financing arrangements: anticipatory provision
##### 4B
- (1) To the extent that it applies to provision relating to financing arrangements, this Schedule has effect as if in paragraph 1(1)(b) above the words “or within the period of six months beginning with the day on which the actual provision was made or imposed” were inserted immediately before sub-paragraph (i).
- (2) In this paragraph “*financing arrangements*” has the same meaning as in paragraph 4A above.
### Advantage in relation to United Kingdom taxation
##### 5
- (1) For the purposes of this Schedule . . . the actual provision confers a potential advantage on a person in relation to United Kingdom taxation wherever, disregarding this Schedule, the effect of making or imposing the actual provision, instead of the arm’s length provision, would be one or both of the following, that is to say—
- (a) that a smaller amount (which may be nil) would be taken for tax purposes to be the amount of that person’s profits for any chargeable period; or
- (b) that a larger amount (or, if there would not otherwise have been losses, any amount of more than nil) would be taken for tax purposes to be the amount for any chargeable period of any losses of that person.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) In determining for the purposes of sub-paragraph (1) above the amount that would be taken for tax purposes to be the amount of the profits or losses for a year of assessment in the case of a person who is not resident in the United Kingdom, there shall be left out of account any income of that person which is—
- (a) excluded income for the purposes of section 128 of the Finance Act 1995 (limit on income chargeable on non-residents: income tax), or
- (b) income to which section 151 of the Finance Act 2003 applies (non-resident companies: extent of charge to income tax).
### Exemption for dormant companies
##### 5A
- (1) Paragraph 1(2) above does not apply in computing for any chargeable period the profits and losses of a potentially advantaged person if that person is a company which satisfies the condition in sub-paragraph (2) below.
- (2) The condition is that—
- (a) the company was dormant throughout the pre-qualifying period, and
- (b) apart from paragraph 1 above, the company has continued to be dormant at all times since the end of the pre-qualifying period.
- (3) In sub-paragraph (2) above “*the pre-qualifying period*” means—
- (a) if there is an accounting period of the company that ends on 31st March 2004, that accounting period, or
- (b) if there is no such accounting period, the period of 3 months ending with that date.
- (4) In this paragraph “*dormant*” has the same meaning as in section 249AA of the Companies Act 1985 (see subsections (4) to (7) of that section).
### Exemption for small or medium-sized enterprises
##### 5B
- (1) Paragraph 1(2) above does not apply in computing for any chargeable period the profits and losses of a potentially advantaged person if that person is a small or medium-sized enterprise for that chargeable period (see paragraph 5D below).
- (2) Exceptions to sub-paragraph (1) above are provided—
- (a) in the case of a small enterprise, by sub-paragraphs (3) and (4) below, and
- (b) in the case of a medium-sized enterprise, by sub-paragraphs (3) and (4) and paragraph 5C below.
- (3) The first exception is where the small or medium-sized enterprise elects for sub-paragraph (1) above not to apply in relation to the chargeable period.
Any such election is irrevocable.
- (4) The second exception is where, at the time when the actual provision is or was made or imposed,—
- (a) the other affected person, or
- (b) a party to a relevant transaction (see sub-paragraph (5) below),
is a resident (see sub-paragraph (6) below) of a non-qualifying territory (whether or not that person is also a resident of a qualifying territory).
- (5) For the purposes of sub-paragraph (4) above, a “party to a relevant transaction” is a person who, in a case where the actual provision is or was imposed by means of a series of transactions, is or was a party to one or more of those transactions.
- (6) In this paragraph “*resident*”, in relation to a territory,—
- (a) means a person who, under the laws of that territory, is liable to tax there by reason of his domicile, residence or place of management, but
- (b) does not include a person who is liable to tax in that territory in respect only of income from sources in that territory or capital situated there.
- (7) The definitions of “qualifying territory” and “non-qualifying territory” are in paragraph 5E below.
### Additional provisions for medium-sized enterprises
##### 5C
- (1) Paragraph 5B(1) above does not apply as respects any provision made or imposed if—
- (a) the potentially advantaged person in question is a medium-sized enterprise for the chargeable period in question, and
- (b) the Board gives that person a notice under this sub-paragraph (a “*transfer pricing notice*”) requiring him to compute the profits and losses of that chargeable period in accordance with paragraph 1(2) above in the case of that provision.
- (2) A transfer pricing notice may be given in respect of —
- (a) any provision specified, or of a description specified, in the notice, or
- (b) every provision in relation to which the assumption in paragraph 1(2) above would fall to be made apart from paragraph 5B(1) above.
- (3) A transfer pricing notice may be given only after a notice of enquiry has been given to the potentially advantaged person in respect of his tax return for the chargeable period.
- (4) A transfer pricing notice must identify the officer of the Board to whom any notice of appeal under this paragraph is to be given.
- (5) A person to whom a transfer pricing notice is given may appeal against the decision to give the notice, but only on the grounds that the condition in sub-paragraph (1)(a) above is not satisfied.
- (6) Any such appeal must be brought by giving written notice of appeal to the officer of the Board identified for the purpose in the transfer pricing notice in accordance with sub-paragraph (4) above.
- (7) The notice of appeal must be given before the end of the period of 30 days beginning with the day on which the transfer pricing notice is given.
- (8) A person to whom a transfer pricing notice is given may amend his tax return for the purpose of complying with the notice at any time before the end of the period of 90 days beginning with—
- (a) the day on which the notice is given, or
- (b) if he appeals against the notice, the day on which the appeal is finally determined or abandoned.
- (9) Where a transfer pricing notice is given in the case of any tax return, no closure notice may be given in relation to that tax return until—
- (a) the end of the period of 90 days specified in sub-paragraph (8) above, or
- (b) the earlier amendment of the tax return for the purpose of complying with the notice.
- (10) So far as relating to any provision made or imposed by or in relation to a person—
- (a) who is a medium-sized enterprise for a chargeable period,
- (b) who does not make an election under paragraph 5B(3) above for that period, and
- (c) who is not excepted from paragraph 5B(1) above by virtue of paragraph 5B(4) above in relation to that provision for that period,
the tax return required to be made for that period is a return that disregards paragraph 1(2) above.
- (11) Sub-paragraph (10) above does not prevent a tax return for a period becoming incorrect if, in the case of any provision made or imposed,—
- (a) a transfer pricing notice is given which has effect in relation to that provision for that period,
- (b) the return is not amended in accordance with sub-paragraph (8) above for the purpose of complying with the notice, and
- (c) the return ought to have been so amended.
- (12) In this paragraph—
- “*closure notice*” means a notice under—section 28A or 28B of the Management Act, orparagraph 32 of Schedule 18 to the Finance Act 1998;
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of Schedule 18 to the Finance Act 1998, as read with paragraph 4 of that Schedule;
- “*notice of enquiry*” means a notice under—section 9A or 12AC of the Management Act, orparagraph 24 of Schedule 18 to the Finance Act 1998;
- “*tax return*” means—a return under section 8, 8A or 12AA of the Management Act, ora company tax return.
### Meaning of “small enterprise” and “medium-sized enterprise”
##### 5D
- (1) In this Schedule—
- (a) “*small enterprise*” means a small enterprise as defined in the Annex to the Commission Recommendation,
- (b) “*medium-sized enterprise*” means an enterprise which—
- (i) falls within the category of micro, small and medium-sized enterprises as defined in that Annex, and
- (ii) is not a small enterprise as defined in that Annex,
but for these purposes that Annex has effect with the modifications set out in sub-paragraphs (3) to (6) of this paragraph.
- (2) In this paragraph—
- “*the Annex*” means the Annex to the Commission Recommendation;
- “*the Commission Recommendation*” means Commission Recommendation 2003/361/EC of 6th May 2003 (concerning the definition of micro, small and medium-sized enterprises).
- (3) Where any enterprise is in liquidation or administration, the rights of the liquidator or administrator (in that capacity) shall be left out of account when applying Article 3(3)(b) of the Annex in determining for the purposes of this Schedule whether—
- (a) that enterprise, or
- (b) any other enterprise (including that of the liquidator or administrator),
is a small or medium-sized enterprise.
- (4) Article 3 of the Annex shall have effect with the omission of paragraph 5 (declaration in good faith where control cannot be determined etc).
- (5) The first sentence of Article 4(1) of the Annex shall have effect as if the data to apply to—
- (a) the headcount of staff, and
- (b) the financial amounts,
were the data relating to the chargeable period in paragraph 5B(1) above (instead of the period described in that sentence) and calculated on an annual basis.
- (6) Article 4 of the Annex shall have effect with the omission of the following provisions—
- (a) the second sentence of paragraph 1 (data to be taken into account from date of closure of accounts);
- (b) paragraph 2 (no change of status unless ceilings exceeded for two consecutive periods);
- (c) paragraph 3 (bona fide estimate in case of newly established enterprise).
### Meaning of “qualifying territory” and “non-qualifying territory”
##### 5E
- (1) In this Schedule—
- “*non-qualifying territory*” means any territory which is not a qualifying territory;
- “*qualifying territory*” means—the United Kingdom, orany territory as respects which Condition 1 or Condition 2 below is satisfied.
- (2) Condition 1 is that—
- (a) arrangements to which section 788 applies (double taxation relief by agreement with other territories) have been made in relation to the territory;
- (b) those arrangements contain a non-discrimination provision (see sub-paragraphs (4) and (5) below); and
- (c) the territory is not designated as a non-qualifying territory for the purposes of this sub-paragraph in regulations made by the Treasury.
- (3) Condition 2 is that—
- (a) arrangements to which section 788 applies have been made in relation to the territory; and
- (b) the territory is designated as a qualifying territory for the purposes of this sub-paragraph in regulations made by the Treasury.
- (4) For the purposes of this paragraph a “*non-discrimination provision*”, in relation to any arrangement to which section 788 applies, is a provision to the effect that nationals of a state which is a party to those arrangements (a “contracting state”) are not to be subject in any other contracting state to—
- (a) any taxation, or
- (b) any requirement connected with taxation,
which is other or more burdensome than the taxation and connected requirements to which nationals of that other state in the same circumstances (in particular with respect to residence) are or may be subjected.
- (5) In this paragraph, “*national*”, in relation to a contracting state, includes—
- (a) any individual possessing the nationality or citizenship of the contracting state,
- (b) any legal person, partnership or association deriving its status as such from the laws in force in that contracting state.
- (6) A statutory instrument containing regulations under this paragraph shall not be made unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons.
### Elimination of double counting
##### 6
- (1) This paragraph applies where—
- (a) only one of the affected persons (“the advantaged person”) is a person on whom a potential advantage in relation to United Kingdom taxation is conferred by the actual provision; and
- (b) the other affected person (“the disadvantaged person”) is within the charge to income tax or corporation tax in respect of profits arising from the relevant activities.
- (2) Subject to sub-paragraphs (3) to (6) and paragraphs6C, 6D, 7 and 8 below, on the making of a claim by the disadvantaged person for the purposes of this paragraph—
- (a) the profits and losses of the disadvantaged person shall be computed for tax purposes as if the arm’s length provision had been made or imposed instead of the actual provision; and
- (b) notwithstanding any limit in the Tax Acts on the time within which any adjustment may be made, all such adjustments shall be made in his case as may be required to give effect to the assumption that the arm’s length provision was made or imposed instead of the actual provision.
- (3) A claim made by the disadvantaged person for the purposes of this paragraph—
- (a) shall not be made unless a computation has been made in the case of the advantaged person on the basis that the arm’s length provision was made or imposed instead of the actual provision; and
- (b) must be consistent with the computation made on that basis in the case of the advantaged person.
- (4) For the purposes of sub-paragraph (3) above a computation shall be taken to have been made in the case of the advantaged person on the basis that the arm’s length provision was made or imposed instead of the actual provision if, and only if—
- (a) the computations made for the purposes of any return by the advantaged person have been made on that basis by virtue of this Schedule; or
- (b) a relevant notice given to the advantaged person takes account of a determination in pursuance of this Schedule of an amount falling to be brought into account for tax purposes on that basis.
- (4A) A claim by the disadvantaged person for the purposes of this paragraph shall not be made where—
- (a) the condition in paragraph 1(1)(b) above would not be satisfied but for paragraph 4A above;
- (b) the actual provision is provision in relation to a security issued by one of the affected persons (“*the issuer*”);
- (c) a guarantee is provided in relation to the security by a person with whom the issuer has a participatory relationship.
In this sub-paragraph “*security*” and “*guarantee*” have the same meaning as in paragraph 1A above.
- (4B) For the purposes of sub-paragraph (4A) above, the cases where one person has a “*participatory relationship*” with another are those where—
- (a) one of them is directly or indirectly participating in the management, control or capital of the other; or
- (b) the same person or persons is or are directly or indirectly participating in the management, control or capital of each of them.
- (4C) Paragraph 4A above applies for the purposes of sub-paragraph (4B) above as it applies for the purposes of paragraph 1(1)(b) above.
- (5) Subject to section 111(3)(b) of the Finance Act 1998 (which provides for the extension of the period for making a claim), a claim for the purposes of this paragraph shall not be made except within one of the following periods—
- (a) in a case where a return has been made by the advantaged person on the basis mentioned in sub-paragraph (3)(a) above, the period of two years beginning with the day of the making of the return; and
- (b) in any case where a relevant notice taking account of such a determination as is mentioned in sub-paragraph (4)(b) above has been given to the advantaged person, the period of two years beginning with the day on which that notice was given.
- (6) Subject to section 111(3)(b) of the Finance Act 1998, where—
- (a) a claim for the purposes of this paragraph is made by the disadvantaged person in relation to a return made on the basis mentioned in sub-paragraph (3)(a) above, and
- (b) a relevant notice taking account of such a determination as is mentioned in sub-paragraph (4)(b) above is subsequently given to the advantaged person,
the disadvantaged person shall be entitled, within the period mentioned in sub-paragraph (5)(b) above, to make any such amendment of the claim as may be appropriate in consequence of the determination contained in that notice.
- (7) In this paragraph—
- “*relevant notice*” means—a closure notice under section 28A(1) or 28B(1) of the Management Act in relation to an enquiry into a return under section 8 or 8A of that Act or into a partnership return;a closure notice under paragraph 32 of Schedule 18 to the Finance Act 1998 in relation to an enquiry into a company tax return;a notice of an assessment under section 29 of the Management Act;a notice of any discovery assessment or discovery determination under paragraph 41 of Schedule 18 to the Finance Act 1998 (including any notice of an assessment by virtue of paragraph 52 of that Schedule);a notice under section 30B(1) of the Management Act amending a partnership return;
- “*return*” means any return required to be made under the Management Act or Schedule 18 to the Finance Act 1998 for income tax or corporation tax purposes or any voluntary amendment of such a return; and
- “*voluntary amendment*”, in relation to a return, means —an amendment under section 9ZA or 12ABA of the Management Act (amendment of personal, trustee or partnership return by taxpayer), oran amendment under Schedule 18 to the Finance Act 1998 other than one made in response to the giving of a relevant notice.
### Application of paragraph 6 in relation to transfers of trading stock etc
##### 6A
- (1) Paragraph 6(2)(a) above does not affect the credits to be brought into account by the disadvantaged person in respect of—
- (a) closing trading stock, or
- (b) closing work in progress in a trade,
for accounting periods ending on or after the last day of the relevant accounting period of the advantaged person.
- (2) For the purposes of sub-paragraph (1) above, the relevant accounting period of the advantaged person is the accounting period in which the actual provision was made or imposed.
- (3) For the purposes of this paragraph “*trading stock*”, in relation to any trade, has the same meaning as it has for the purposes of section 100 above (see subsection (2) of that section) or Chapter 12 of Part 2 of ITTOIA 2005 (see section 174 of that Act) (valuation of trading stock at discontinuance of trade).
### Compensating adjustment where advantaged person is a controlled foreign company
##### 6B
- (1) This paragraph applies in any case where—
- (a) the actual provision is provision made or imposed in relation to a controlled foreign company,
- (b) in determining for the purposes of Chapter 4 of Part 17 the amount of that company’s chargeable profits for an accounting period, its profits and losses fall to be computed in accordance with paragraph 1(2) above in the case of that provision,
- (c) the whole of those chargeable profits fall to be apportioned under section 747(3) to one or more companies resident in the United Kingdom, and
- (d) tax is chargeable by virtue of section 747(4) in respect of the whole of those chargeable profits, as so apportioned to those companies.
- (2) Where this paragraph applies, paragraph 6 above shall have effect as if the controlled foreign company were a person on whom a potential advantage in relation to United Kingdom taxation were conferred by the actual provision.
- (3) In the application of paragraph 6 above by virtue of this paragraph—
- (a) references to the advantaged person in sub-paragraphs (4)(a) and (b), (5)(a) and (b) and (6)(b) of that paragraph include a reference to any of the companies mentioned in sub-paragraph (1)(c) above, and
- (b) references to corporation tax include a reference to tax chargeable by virtue of section 747(4).
- (4) In this paragraph—
- “*controlled foreign company*” has the same meaning as in Chapter 4 of Part 17;
- “*accounting period*”, in relation to a controlled foreign company, has the same meaning as in Chapter 4 of Part 17.
### Claims under paragraph 6 where paragraph 1A applies
##### 6C
- (1) Where paragraph 1A above applies in relation to any provision, this paragraph has effect in relation to that provision.
- (2) A claim under paragraph 6(2) above may be made in accordance with this paragraph.
For the purposes of this Schedule a “paragraph 6C claim” is a claim under paragraph 6(2) above made in accordance with this paragraph.
- (3) A paragraph 6C claim may be made by—
- (a) the disadvantaged person, or
- (b) the advantaged person,
but any such claim made by the advantaged person shall be taken to be made on behalf of the disadvantaged person.
- (4) A paragraph 6C claim may be made before or after a computation falling within paragraph 6(3)(a) above has been made.
- (5) A paragraph 6C claim must be made either—
- (a) at any time before the end of the period mentioned in paragraph 6(5)(a) above, or
- (b) within the period mentioned in paragraph 6(5)(b) above,
but this is subject to section 111(3)(b) of the Finance Act 1998 (extension of period for making a claim).
- (6) A paragraph 6C claim is not a claim within paragraph 57 or 58 of Schedule 18 to the Finance Act 1998 (company tax returns, assessments and related matters).
Accordingly, paragraph 59 of that Schedule (application of Schedule 1A to the Management Act) has effect in relation to a paragraph 6C claim.
- (7) Where—
- (a) a paragraph 6C claim is made before a computation falling within paragraph 6(3)(a) above has been made,
- (b) such a computation is subsequently made, and
- (c) the claim is not consistent with the computation,
the affected persons shall be treated as if (instead of the claim actually made) a claim had been made that was consistent with the computation.
- (8) All such adjustments shall be made (whether by discharge or repayment of tax, the making of assessments or otherwise) as are required to give effect to sub-paragraph (7) above.
- (9) Sub-paragraph (8) above has effect notwithstanding any limit on the time within which any adjustment may be made.
- (10) Where—
- (a) a paragraph 6C claim is made,
- (b) a return is subsequently made by the advantaged person on the basis mentioned in paragraph 6(3)(a) above, and
- (c) a relevant notice (within the meaning of paragraph 6 above) taking account of such a determination as is mentioned in paragraph 6(4)(b) above is subsequently given to the advantaged person,
sub-paragraph (11) below applies.
- (11) Where this sub-paragraph applies, any such amendment of the paragraph 6C claim as may be appropriate in consequence of the determination contained in the relevant notice may be made by—
- (a) the disadvantaged person, or
- (b) the advantaged person,
but any such amendment made by the advantaged person shall be taken to be made on behalf of the disadvantaged person.
- (12) Any such amendment must be made within the period mentioned in paragraph 6(5)(b) above.
But that is subject to section 111(3)(b) of the Finance Act 1998 (extension of period for making amendment).
### Compensating adjustment for guarantor company etc where paragraph 1B applies
##### 6D
- (1) This paragraph applies in any case where—
- (a) a company (“the issuing company”) has liabilities under a security issued by the company,
- (b) those liabilities are to any extent the subject of a guarantee provided by a company (“the guarantor company”), and
- (c) in computing the profits and losses of the issuing company for tax purposes, the amounts to be deducted in respect of interest or other amounts payable under the security fall to be reduced (whether or not to nil) under paragraph 1(2) above by virtue of paragraph 1B above.
- (2) On the making of a claim in any such case, the guarantor company shall, to the extent of that reduction, be treated for all purposes of the Taxes Acts as if it (and not the issuing company)—
- (a) had issued the security,
- (b) owed the liabilities under it, and
- (c) had paid any interest or other amounts paid under it by the issuing company,
and in computing the profits and losses of the guarantor company for those purposes amounts shall be brought into account accordingly.
This sub-paragraph is subject to the following provisions of this paragraph.
- (3) Where the issuing company’s liabilities under the security are the subject of two or more guarantees (whether or not provided by the same person) TD must not exceed TR, where—
- TD is the total of the amounts brought into account by the guarantor companies by virtue of sub-paragraph (2) above, and
- TR is the total amount of the reductions that fall within sub-paragraph (1)(c) above.
- (4) In this paragraph “*the loan provision*” means the actual provision made or imposed between—
- (a) the issuing company, and
- (b) another company (“the lending company”),
which is provision in relation to the security.
- (5) Where—
- (a) the guarantor company makes a claim under sub-paragraph (2) above, and
- (b) the lending company makes a claim under paragraph 6 above in respect of the loan provision,
sub-paragraphs (6) and (7) below apply.
- (6) In determining, in a case where this sub-paragraph applies, the arm’s length provision for the purposes of paragraph 6(2)(a) above in relation to the lending company’s claim, additional amounts shall be brought into account as credits corresponding to the debits that fall to be brought into account by virtue of sub-paragraph (2) above in relation to the guarantor company.
- (7) If, in a case where this sub-paragraph applies,—
- (a) the lending company makes its claim under paragraph 6 above before the guarantor company makes its claim under sub-paragraph (2) above, and
- (b) the computation on which the lending company’s claim is based does not comply with sub-paragraph (6) above,
the guarantor company’s claim shall be disallowed.
- (8) A claim under sub-paragraph (2) above may be made by—
- (a) the guarantor company,
- (b) where there are two or more guarantor companies, those companies acting together, or
- (c) the issuing company,
but any claim made by the issuing company shall be taken to be made on behalf of the guarantor company or companies.
- (9) Sub-paragraphs (3) to (6) of paragraph 6 above (claims and time limits) shall apply in relation to a claim under sub-paragraph (2) above made by or on behalf of any person or persons as they apply in relation to a claim under that paragraph made by the disadvantaged person, but taking references in those sub-paragraphs—
- (a) to the advantaged person, as references to the issuing company, and
- (b) to the disadvantaged person, as references to the guarantor company or companies.
- (10) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (7) (construction of references to a guarantee);
- (b) sub-paragraph (9) (meaning of security);
- (c) sub-paragraph (10) (extended meaning of security).
- (11) In this paragraph “*the Taxes Acts*” has the meaning given in section 118(1) of the Management Act.
### Certain interest not to be regarded as chargeable under Case III of Schedule D
##### 6E
Where—
- (a) interest is paid by any person under the actual provision,
- (b) paragraph 1(2) above applies in relation to the actual provision,
- (c) the amount of interest that would have been payable under the arm’s length provision is less than the amount of interest paid under the actual provision (or there would not have been any interest payable),
- (d) the person receiving the interest makes a claim under paragraph 6 above or a paragraph 6C claim,
the interest paid under the actual provision, to the extent that it exceeds the amount of interest that would have been payable under the arm’s length provision, shall not be regarded as chargeable under Case III of Schedule D or Chapter 2 of Part 4 of ITTOIA 2005.
### Adjustment of disadvantaged person’s double taxation relief
##### 7
- (1) Subject to sub-paragraph (4) below, where—
- (a) a claim is made for the purposes of paragraph 6 above, and
- (b) the disadvantaged person is entitled, on that claim, to make a computation, or to have an adjustment made in his case, on the basis that the arm’s length provision was made or imposed instead of the actual provision,
the assumptions specified in sub-paragraph (2) below shall apply, in the disadvantaged person’s case, as respects any credit for foreign tax which the disadvantaged person has been or may be given in pursuance of any double taxation arrangements or under section 790(1).
- (2) Those assumptions are—
- (a) that the foreign tax paid or payable by the disadvantaged person does not include any amount of foreign tax which would not be or have become payable were it to be assumed for the purposes of that tax that the arm’s length provision had been made or imposed instead of the actual provision; and
- (b) that the amount of the relevant profits of the disadvantaged person in respect of which he is given credit for foreign tax does not include the amount (if any) by which his relevant profits are treated as reduced in accordance with paragraph 6 above.
- (3) Sub-paragraph (4) below applies if—
- (a) a claim is made for the purposes of paragraph 6 above;
- (b) the disadvantaged person is entitled, on that claim, to make a computation, or to have an adjustment made in his case, on the basis that the arm’s length provision was made or imposed instead of the actual provision;
- (c) the application of that basis in the computation of the disadvantaged person’s profits or losses for any chargeable period involves a reduction in the amount of any income; and
- (d) that income is also income that falls to be treated as reduced in accordance with section 811(1).
- (4) Where this sub-paragraph applies—
- (a) the reduction mentioned in sub-paragraph (3)(c) above shall be treated as made before any reduction under section 811(1); and
- (b) tax paid, in the place in which any income arises, on so much of that income as is represented by the amount of the reduction mentioned in sub-paragraph (3)(c) above shall be disregarded for the purposes of section 811(1).
- (5) Where, in a case in which a claim has been made for the purposes of paragraph 6 above, any adjustment is required to be made for the purpose of giving effect to any of the preceding provisions of this paragraph—
- (a) it may be made in any case by setting the amount of the adjustment against any relief or repayment to which the disadvantaged person is entitled in pursuance of that claim; and
- (b) nothing in the Tax Acts limiting the time within which any assessment is to be or may be made or amended shall prevent that adjustment from being so made.
- (6) References in this paragraph to relevant profits of the disadvantaged person are references to profits arising to the disadvantaged person from the carrying on of the relevant activities.
### Balancing payments between affected persons: no charge to, or relief from, tax
##### 7A
- (1) This paragraph applies where—
- (a) the circumstances are as described in paragraph 6(1) above,
- (b) one or more payments (the “balancing payments”) are made to the advantaged person by the disadvantaged person, and
- (c) the sole or main reason for making those payments is that paragraph 1(2) above applies.
- (2) To the extent that the balancing payments do not in the aggregate exceed the amount of the available compensating adjustment, those payments—
- (a) shall not be taken into account in computing profits or losses of either of the affected persons for the purposes of income tax or corporation tax, and
- (b) shall not for any of the purposes of the Corporation Tax Acts be regarded as distributions . . . .
- (3) In this paragraph “*the available compensating adjustment*” means the difference between PL1 and PL2 where—
- PL1 is the profits and losses of the disadvantaged person computed for tax purposes on the basis of the actual provision, and
- PL2 is the profits and losses of the disadvantaged person as they fall (or would fall) to be computed for tax purposes on a claim under paragraph 6 above,
### Securities: election to discharge tax liability instead of making balancing payments
##### 7B
- (1) This paragraph applies in any case where—
- (a) both of the affected persons are companies,
- (b) the circumstances are as described in paragraph 6(1) above, and
- (c) the actual provision is provision in relation to a security (the “relevant security”).
- (2) The disadvantaged person may make an election under this paragraph in respect of the relevant security if the condition in sub-paragraph (3) below is satisfied.
- (3) The condition is that—
- (a) the actual provision forms part of a capital market arrangement,
- (b) the capital market arrangement involves the issue of a capital market investment,
- (c) the securities that represent the capital market investment are issued wholly or mainly to independent persons (see sub-paragraph (9) below), and
- (d) the total value of the capital market investments made under the capital market arrangement is at least £50 million.
- (4) An election under this paragraph in respect of the relevant security is an election for the disadvantaged person—
- (a) to make no balancing payment within paragraph 7A above to the advantaged person in respect of the application of paragraph 1(2) above in relation to the relevant security in a chargeable period by virtue of paragraph 1A above, but
- (b) instead, to undertake sole responsibility for discharging the advantaged person’s liability to tax for that period so far as resulting from the application of paragraph 1(2) above in relation to the relevant security by virtue of paragraph 1A above.
- (5) Where an election under this paragraph has effect in relation to an accounting period of the advantaged person, the tax mentioned in sub-paragraph (4)(b) above—
- (a) shall be recoverable from the disadvantaged person as if it were an amount of corporation tax due and owing from that person, and
- (b) shall not be recoverable from the advantaged person.
- (6) Any election under this paragraph in respect of the relevant security—
- (a) must be made by being included (whether by amendment or otherwise) in the disadvantaged person’s company tax return for the chargeable period in which the relevant security is issued,
- (b) has effect in relation to each of the affected persons for the chargeable period in which the relevant security is issued and all subsequent chargeable periods, and
- (c) is irrevocable.
For the purposes of this sub-paragraph a security issued in a chargeable period beginning before 1st April 2004 shall be treated as if it had been issued in the chargeable period beginning on that date.
- (7) An election under this paragraph by a person is of no effect if the Board give that person a notice under this sub-paragraph refusing to accept the election.
- (8) A notice under sub-paragraph (7) above may be given only after a notice of enquiry in respect of the company tax return containing the election has been given to the disadvantaged person.
- (9) In this paragraph—
- “*capital market arrangement*” has the same meaning as in section 72B(1) of the Insolvency Act 1986 (see paragraph 1 of Schedule 2A to that Act);
- “*capital market investment*” has the same meaning as in section 72B(1) of the Insolvency Act 1986 (see paragraphs 2 and 3 of Schedule 2A to that Act);
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of Schedule 18 to the Finance Act 1998, as read with paragraph 4 of that Schedule;
- “*independent person*” means a person—who is not the disadvantaged person, andwho does not have a participatory relationship with either of the affected persons.
- (10) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (8) (meaning of participatory relationship);
- (b) sub-paragraph (9) (meaning of security);
- (c) sub-paragraph (10) (extended meaning of security).
### Balancing payments by guarantor to issuer: no charge to, or relief from, tax
##### 7C
- (1) This paragraph applies in any case where—
- (a) the circumstances are as described in paragraph 6D(1) above,
- (b) one or more payments (the “balancing payments”) are made by the guarantor company to the issuing company, and
- (c) the sole or main reasons for making those payments are that paragraph 1(2) above applies by virtue of paragraph 1B above or that paragraph 6D above applies.
- (2) To the extent that the balancing payments made by all the guarantor companies do not in the aggregate exceed the amount TR in paragraph 6D(3) above (total reductions within paragraph 6D(1)(c) above), those payments—
- (a) shall not be taken into account in computing for the purposes of corporation tax the profits or losses of the guarantor company or companies or the issuing company, and
- (b) shall not for any purpose of the Corporation Tax Acts be regarded as distributions . . . .
### Guarantees: election to discharge tax liability instead of making balancing payments
##### 7D
- (1) This paragraph applies where the following conditions are satisfied—
- (a) both of the affected persons are companies,
- (b) the circumstances are as described in paragraph 6(1) above,
- (c) the actual provision falls within paragraph 1B(1) above.
- (2) Sub-paragraphs (2) to (8) of paragraph 7B above apply in a case where this paragraph applies as they apply in a case where that paragraph applies, but with the modifications in sub-paragraphs (3) and (4) below.
- (3) The relevant security is the security in paragraph 1B(1)(a) above.
- (4) In sub-paragraph (4) (nature of the election)—
- (a) for “paragraph 7A above” substitute paragraph 7C below;
- (b) for “paragraph 1A”, in both places, substitute paragraph 1B.
### Foreign exchange gains and losses and financial instruments
##### 8
- (1) Subject to sub-paragraph (3)and sub-paragraph (4) below, this Schedule shall not require the amounts brought into account in any person’s case under—
- (a) Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) in respect of exchange gains or losses from loan relationships (as defined in section 103(1A) and (1B) of that Act), or
- (b) Schedule 26 to the Finance Act 2002 (derivative contracts) in respect of exchange gains and losses (as defined in paragraph 54 of that Schedule),
to be computed in that person’s case on the assumption that the arm’s length provision had been made or imposed instead of the actual provision.
- (3) Sub-paragraph (1) above shall not affect so much of paragraph 11A of Schedule 9 to the Finance Act 1996 (loan relationships: exchange gains or losses where loan not on arm’s length terms) as has effect by reference to whether profits or losses fall to be computed by virtue of this Schedule as if the whole or any part of a loan had not been made.
- (4) Sub-paragraph (1) above shall not affect so much of paragraph 27 of Schedule 26 to the Finance Act 2002 (derivative contracts: exchange gains or losses where derivative contract not on arm’s length terms) as has effect by reference to whether profits or losses fall to be computed by virtue of this Schedule as if a company were not party to a derivative contract or as if the terms of the contract to which it is party were different.
### Special rules for sales etc. of oil
##### 9
- (1) Subject to paragraph 10 below, this paragraph applies to provision made or imposed by or in relation to the terms of a sale of oil if—
- (a) the oil sold is oil which has been, or is to be, extracted under rights exercisable by a company (“the producer") which (although it may be the seller) is not the buyer; and
- (b) at the time of the sale not less than 20 per cent. of the producer’s ordinary share capital is owned directly or indirectly by one or more of the following, that is to say, the buyer and the companies (if any) that are linked to the buyer.
- (2) Where this paragraph applies to provision made or imposed by or in relation to the terms of a sale of oil, this Schedule shall have effect as respects that provision as if the buyer, the seller and (if it is not the seller) the producer were all controlled by the same person at the time of the making or imposition of that provision.
- (3) For the purposes of this paragraph two companies are linked if—
- (a) one is under the control of the other; or
- (b) both are under the control of the same person or persons.
- (4) For the purposes of this paragraph—
- (a) any question whether ordinary share capital is owned directly or indirectly by a company shall be determined as for section 838;
- (b) rights to extract oil shall be taken to be exercisable by a company even if they are exercisable by that company only jointly with one or more other companies; and
- (c) a sale of oil shall be deemed to take place at the time of the completion of the sale or when possession of the oil passes, whichever is the earlier.
- (5) In this paragraph “*oil*” includes any mineral oil or relative hydrocarbon, as well as natural gas.
### Transactions and deemed transactions involving oil
##### 10
This Schedule does not apply in relation to provision made or imposed by means of any transaction or deemed transaction in the case of which the price or consideration is determined in accordance with any of subsections (1) to (4) of section 493 (transactions and deemed transactions involving oil treated as made at market value).
### Special provision for companies carrying on ring fence trades
##### 11
- (1) This paragraph applies where any person (“the taxpayer") carries on as, or as part of, a trade any activities (“the ring fence trade") which, in accordance with section 492(1) above or section 16(1) of ITTOIA 2005 either—
- (a) fall to be treated for any tax purposes as a separate trade, distinct from all other activities carried on by him as part of the trade; or
- (b) would so fall if the taxpayer did carry on any other activities as part of that trade.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Subject to paragraph 10 above and sub-paragraph (4) below, this Schedule shall have effect as respects any provision made or imposed by the taxpayer as between the ring fence trade and any other activities carried on by him as if—
- (a) that trade and those activities were carried on by two different persons;
- (b) that provision were made or imposed as between those two persons by means of a transaction;
- (c) a potential advantage in relation to United Kingdom taxation were conferred by that provision on each of those two persons; and
- (d) those two persons were both controlled by the same person at the time of the making or imposition of that provision; . . .
- (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) This Schedule shall apply in accordance with this paragraph in relation to any provision mentioned in sub-paragraph . . . (3) above only where the effect of its application in relation to that provision is either—
- (a) that a larger amount (including, if there would not otherwise have been profits, an amount of more than nil) is taken for tax purposes to be the amount of the profits of the ring fence trade for any chargeable period; or
- (b) that a smaller amount (including nil) is taken for tax purposes to be the amount for any chargeable period of any losses of that trade.
### Appeals
##### 12
- (1) In so far as the question in dispute on any appeal falling within sub-paragraph (2) below—
- (a) is or involves a determination of whether this Schedule has effect as respects any provision made or imposed as between any two persons, or of how it so has effect, and
- (b) is not a question that would fall to be determined by the Special Commissioners apart from this sub-paragraph,
that question shall be determined by them.
- (2) The appeals falling within this sub-paragraph are—
- (a) any appeal under section 31 of, or Schedule 1A to, the Management Act;
- (b) any appeal under paragraph 34(3) of Schedule 18 to the Finance Act 1998 against an amendment of a company’s return; and
- (c) any appeal under paragraph 48 of that Schedule against a discovery assessment or a discovery determination.
- (3) Sub-paragraph (4) below applies where—
- (a) any such question as is mentioned in sub-paragraph (1) above falls to be determined by the Special Commissioners for the purposes of any proceedings before them; and
- (b) that question relates to any provision made or imposed as between two persons each of whom is within the charge to income tax or corporation tax in respect of profits arising from the relevant activities.
- (4) Where this sub-paragraph applies—
- (a) each of the persons as between whom the actual provision was made or imposed shall be entitled to appear and be heard by the Special Commissioners, or to make representations to them in writing;
- (b) the Special Commissioners shall determine that question separately from any other questions in those proceedings; and
- (c) their determination on that question shall have effect as if made in an appeal to which each of those persons was a party.
- (5) In this paragraph—
- “*discovery assessment*” means a discovery assessment under paragraph 41 of Schedule 18 to the Finance Act 1998 (including one by virtue of paragraph 52 of that Schedule); and
- “*discovery determination*” means a discovery determination under paragraph 41 of that Schedule.
### Saving for the provisions relating to capital allowances and capital gains
##### 13
- (1) Nothing in this Schedule shall be construed as affecting—
- (a) the computation of the amount of any capital allowance or balancing charge made under the Capital Allowances Act; or
- (b) the computation in accordance with the 1992 Act of the amount of any chargeable gain or allowable loss;
and nothing in this Schedule shall require the profits or losses of any person to be computed for tax purposes as if, in his case, instead of income or losses falling to be brought into account in connection with the taxation of income, there were gains or losses falling to be brought into account in accordance with the 1992 Act.
- (2) Nothing in sub-paragraph (1) above applies to paragraph 6 above.
### General interpretation etc.
##### 14
- (1) In this Schedule—
- “*the actual provision*” and “*the affected persons*” shall be construed in accordance with paragraph 1(1) above;
- “*the arm*”s length provision’ shall be construed in accordance with paragraph 1(2) and (3) above;
- “*double taxation arrangements*” means arrangements having effect by virtue of section 788;
- “*foreign tax*” means any tax under the law of a territory outside the United Kingdom or any amount which falls for the purposes of any double taxation arrangements to be treated as if it were such tax;
- “*insurance company*” has the same meaning as in Chapter I of Part XII;
- “*losses*” includes amounts which are not losses but in respect of which relief may be given in accordance with any of the following enactments—section 75(9) (excess of management expenses);section 468L(5) (allowance for interest distributions of a unit trust);Part X (loss relief and group relief);section 83 of and Schedule 8 to the Finance Act 1996 or paragraph 4 of Schedule 11 to that Act (deficits on loan relationships);
- “*medium-sized enterprise*” shall be construed in accordance with paragraph 5D above;
- “*non-qualifying territory*” has the meaning given by paragraph 5E above;
- “*paragraph 6C claim*” has the meaning given by paragraph 6C(2) above;
- “*profits*” includes income;
- “*qualifying territory*” has the meaning given by paragraph 5E above;
- “*the relevant activities*”, in relation to a person who is one of the persons as between whom any provision is made or imposed, means such of his activities as—comprise the activities in the course of which, or with respect to which, that provision is made or imposed; andare not activities carried on either separately from those activities or for the purposes of a different part of that person’s business;
- “*small enterprise*” shall be construed in accordance with paragraph 5D above;
- “*transaction*” and “*series of transactions*” shall be construed in accordance with paragraph 3 above.
- (2) Without prejudice to paragraphs 9(2) and 11(3) above, references in this Schedule to a person controlling a body corporate or a partnership shall be construed in accordance with section 840.
- (3) In determining for the purposes of this Schedule whether a person has an entitlement, in pursuance of any double taxation arrangements or under section 790(1), to be given credit for foreign tax, any requirement that a claim is made before such a credit is given shall be disregarded.
- (4) Any adjustments required to be made by virtue of this Schedule may be made by way of discharge or repayment of tax, by the modification of any assessment or otherwise.
- (5) This Schedule shall have effect as if—
- (a) a unit trust scheme were a company that is a body corporate;
- (b) the rights of the unit holders under such a scheme were shares in the company that the scheme is deemed to be;
- (c) rights and powers of a person in the capacity of a person entitled to act for the purposes of the scheme were rights and powers of the scheme; and
- (d) provision made or imposed as between any person in such a capacity and another person were made or imposed as between the scheme and that other person.
## SCHEDULE 28AB
### Introductory
##### 1
- (1) A scheme or arrangement, other than a scheme or arrangement falling within sub-paragraph (3), is a prescribed scheme or arrangement if one or more of paragraphs 2 to 6 apply to it.
- (2) A scheme or arrangement falling within sub-paragraph (3) is a prescribed scheme or arrangement if one or more of paragraphs 2 to 6 would, on the assumption in sub-paragraph (4), apply to it.
- (3) A scheme or arrangement falls within this sub-paragraph if its main purpose, or one of its main purposes, is to cause an amount of underlying tax allowable in respect of a dividend paid by a body corporate resident in a territory outside the United Kingdom to be taken into account in the case of a person.
- (4) The assumption is that the body corporate is resident in the United Kingdom.
- (5) Nothing in sub-paragraph (4) requires it to be assumed that there is any change in the place or places at which the body corporate carries on its activities.
### Attribution of foreign tax
##### 2
This paragraph applies to a scheme or arrangement if the scheme or arrangement enables a person who is party to, or concerned in, the scheme or arrangement to pay, in respect of a source of income or chargeable gain, an amount of foreign tax all or part of which is properly attributable to another source of income or chargeable gain (or to more than one such other source).
### Effect of paying foreign tax
##### 3
- (1) This paragraph applies to a scheme or arrangement if, under the scheme or arrangement, sub-paragraph (2) is satisfied in relation to a person who has claimed, or is in a position to claim, for a chargeable period an allowance under any arrangements by way of credit for foreign tax (“*the claimant*”).
- (2) This sub-paragraph is satisfied if—
- (a) an amount of foreign tax is paid by the claimant, and
- (b) at the time when the claimant entered into the scheme or arrangement, it could reasonably be expected that the effect of the payment of that amount of foreign tax on the foreign tax total would be to increase it by less than the amount allowable to the claimant as a credit in respect of the payment of that amount of foreign tax.
- (3) The foreign tax total is the amount found by—
- (a) aggregating the amounts of foreign tax paid or payable in respect of the transaction or transactions forming part of the scheme or arrangement by persons party to, or concerned in, the scheme or arrangement, and
- (b) taking into account any reliefs, deductions, reductions or allowances against or in respect of any tax that arise to the persons party to, or concerned in, the scheme or arrangement (including any reliefs, deductions, reductions or allowances arising to any one or more of those persons as a consequence of the payment by the claimant of that amount of foreign tax).
### Effect of claim, election or other arrangement
##### 4
- (1) This paragraph applies to a scheme or arrangement if under the scheme or arrangement—
- (a) a step is taken by a person who is party to, or concerned in, the scheme or arrangement, or
- (b) a step that could have been taken by such a person is not taken,
and that action or that failure to act has the effect of increasing a claim made by a person who is party to, or concerned in, the scheme or arrangement for an allowance by way of credit in accordance with this Part or of giving rise to such a claim.
- (2) The steps mentioned in sub-paragraph (1) are steps that may be made—
- (a) under the law of any territory, or
- (b) under arrangements made in relation to any territory.
- (3) The steps mentioned in sub-paragraph (1) include—
- (a) claiming, or otherwise securing the benefit of, reliefs, deductions, reductions or allowances;
- (b) making elections for tax purposes.
### Effect attributable to scheme or arrangement
##### 5
- (1) This paragraph applies to a scheme or arrangement if, under the scheme or arrangement, sub-paragraph (2) is satisfied in relation to a person who has claimed, or is in a position to claim, for a chargeable period an allowance under any arrangements by way of credit for foreign tax.
- (2) This sub-paragraph is satisfied if amount A is less than amount B.
- (3) Amount A is the amount of United Kingdom taxes payable by the person in respect of income and chargeable gains arising in the chargeable period.
- (4) Amount B is the amount of United Kingdom taxes that would be payable by the person in respect of income and chargeable gains arising in the chargeable period if, in determining that amount, the transactions forming part of the scheme or arrangement were disregarded.
### Tax deductible payments
##### 6
- (1) This paragraph applies to a scheme or arrangement if the scheme or arrangement includes—
- (a) the making by a person (“A”) of a relevant payment or payments, and
- (b) the giving, in respect of that payment or payments, of consideration that satisfies the requirements of sub-paragraph (3).
- (2) A payment made by A is a relevant payment if all or part of it may be brought into account in computing A's income for the purposes of United Kingdom taxes.
- (3) Consideration given in respect of a payment or payments made by A satisfies the requirements of this sub-paragraph if—
- (a) all or part of it consists of a payment or payments made to A or a person connected with A, and
- (b) tax is chargeable in respect of the payment or payments under the law of a territory outside the United Kingdom.
- (4) In this paragraph references to a payment include references to a transfer of money's worth.
- (5) Section 839 applies for the purposes of this paragraph.
## SCHEDULE 28B
### Introductory
##### 1
- (1) This Schedule applies, where any shares in or securities of any company (“the relevant company”) are at any time held by another company (“the trust company”), for determining whether and to what extent those shares or securities (“the relevant holding”) are, for the purposes of section 842AA, to be regarded as at that time comprised in the trust company’s qualifying holdings.
- (2) The relevant holding shall be regarded as comprised in the trust company’s qualifying holdings at any time if—
- (a) all the requirements of the following provisions of this Schedule are satisfied at that time in relation to the relevant company and the relevant holding; and
- (b) the relevant holding consists of shares or securities which were first issued by the relevant company to the trust company and have been held by the trust company ever since.
- (3) Subject to paragraph 6(3) below, where the requirements of paragraph 6 or 7 below would be satisfied as to only part of the money raised by the issue of the relevant holding and that holding is not otherwise capable of being treated as comprising separate holdings, this Schedule shall have effect in relation to that holding as if it were two holdings consisting of—
- (a) a holding from which that part of the money was raised; and
- (b) a holding from which the remainder was raised;
and section 842AA shall have effect as if the value of the holding were to be apportioned accordingly between the two holdings which are deemed to exist in pursuance of this sub-paragraph.
### Requirement that company must be unquoted company
##### 2
- (1) The requirement of this paragraph is that the relevant company (whether or not it is resident in the United Kingdom) must be an unquoted company.
- (2) In this paragraph “*unquoted company*” means a company none of whose shares, stocks, debentures or other securities is marketed to the general public.
- (3) For the purposes of this paragraph shares, stocks, debentures or other securities are marketed to the general public if they are—
- (a) listed on a recognised stock exchange,
- (b) listed on a designated exchange in a country outside the United Kingdom, or
- (c) dealt in on the Unlisted Securities Market or dealt in outside the United Kingdom by such means as may be designated.
- (4) In sub-paragraph (3) above “*designated*” means designated by an order made by the Board for the purposes of that sub-paragraph; and an order made for the purposes of paragraph (b) of that sub-paragraph may designate an exchange by name, or by reference to any class or description of exchanges, including a class or description framed by reference to any authority or approval given in a country outside the United Kingdom.
- (5) Section 828(1) does not apply to an order made for the purposes of sub-paragraph (3) above.
- (6) Where a company any shares in or securities of which are included in the qualifying holdings of the trust company ceases at any time while the trust company is approved as a venture capital trust to be an unquoted company, the requirements of this paragraph shall be deemed, in relation to shares or securities acquired by the trust company before that time, to continue to be satisfied for a period of five years after that time.
### Requirements as to company’s business
##### 3
- (1) The requirements of this paragraph are as follows.
- (2) The relevant company must be one of the following, that is to say—
- (a) a company which exists wholly for the purpose of carrying on one or more qualifying trades or which so exists apart from purposes capable of having no significant effect (other than in relation to incidental matters) on the extent of the company’s activities; or
- (aa) the parent company of a trading group.
- (3) Subject to sub-paragraph (4) below, when the relevant holding was issued and at all times since, a qualifying company (whether or not the same such company at every such time) must have been either—
- (a) carrying on a qualifying trade wholly or mainly in the United Kingdom; or
- (b) preparing to carry on a qualifying trade which at the time when the relevant holding was issued was intended to be carried on wholly or mainly in the United Kingdom by a qualifying company,
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) The requirements of sub-paragraph (3) above shall not be capable of being satisfied by virtue of paragraph (b) of that sub-paragraph at any time after the end of the period of two years beginning with the issue of the relevant holding unless—
- (a) the intended trade was begun to be carried on by a qualifying company before the end of that period, and
- (b) at all times since the end of that period, a qualifying company (whether or not the same such company at every such time) has been carrying on a qualifying trade wholly or mainly in the United Kingdom.
- (5) The requirements of that sub-paragraph shall also be incapable of being so satisfied at any time after the abandonment, within the period mentioned in sub-paragraph (4) above, of the intention in question.
- (5A) In sub-paragraphs (3) and (4) above, “*qualifying company*” means the relevant company or any relevant qualifying subsidiary of that company.
- (5B) In determining for the purposes of sub-paragraph (4)(a) above when the intended trade was begun to be carried on by a qualifying company which is a relevant qualifying subsidiary of the relevant company there shall be disregarded any carrying on of the trade by it before it became such a subsidiary of the relevant company.
- (6) For the purposes of this paragraph a company is the parent company of a trading group if—
- (a) it has one or more subsidiaries;
- (b) each of its subsidiaries is a qualifying subsidiary of the company; and
- (c) the requirements of sub-paragraph (7) below are fulfilled by what would be the business of the company and its qualifying subsidiaries if all the activities, taken together, of the company and its qualifying subsidiaries were regarded as one business.
- (7) A business fulfils the requirements of this sub-paragraph if neither the business nor a substantial part of it consists in, or in either of, the following, that is to say—
- (a) activities falling within paragraph 4(2)(a) to (f) below but not within sub-paragraph (8) below; and
- (b) activities carried on otherwise than in the course of a trade.
- (8) The activities falling within this sub-paragraph are—
- (a) the receiving of royalties or licence fees in circumstances where the requirement mentioned in paragraph 4(5) below is satisfied in relation to the company receiving them;
- (b) the letting of ships, other than offshore installations or pleasure craft, on charter in circumstances where the requirements mentioned in paragraphs (a) to (d) of paragraph 4(7) below are satisfied in relation to the company so letting them.
- (9) Activities of a company or of any of its qualifying subsidiaries shall be disregarded for the purposes of sub-paragraphs (6) to (8) above to the extent that they consist in—
- (a) the holding of shares in or securities of, or the making of loans to, one or more of the company’s qualifying subsidiaries; or
- (b) the holding and managing of property used by the company or any of its qualifying subsidiaries for the purposes of—
- (i) research and development from which it is intended that a qualifying trade to be carried on by the company or any of its qualifying subsidiaries will be derived; or
- (ii) one or more qualifying trades so carried on.
- (10) Activities of a qualifying subsidiary of a company shall also be disregarded for the purposes of sub-paragraphs (6) to (8) above to the extent that they consist in—
- (a) the making of loans to the company; or
- (b) in the case of a mainly trading subsidiary, activities carried on in pursuance of its insignificant purposes (within the meaning given by sub-paragraph (11) below).
- (11) In sub-paragraph (10) above “*mainly trading subsidiary*” means a qualifying subsidiary which, apart from purposes (“*its insignificant purposes*”) which are capable of having no significant effect (other than in relation to incidental matters) on the extent of its activities, exists wholly for the purpose of carrying on one or more qualifying trades.
### Meaning of “qualifying trade”
##### 4
- (1) For the purposes of this Schedule—
- (a) a trade is a qualifying trade if it is a trade complying with this paragraph; and
- (b) the carrying on of any activities of research and development from which it is intended that there will be derived a trade that—
- (i) will comply with this paragraph, and
- (ii) will be carried on wholly or mainly in the United Kingdom,
shall be treated as the carrying on of a qualifying trade.
- (2) Subject to sub-paragraphs (3) to (9) below, a trade complies with this paragraph if neither that trade nor a substantial part of it consists in one or more of the following activities, that is to say—
- (a) dealing in land, in commodities or futures or in shares, securities or other financial instruments;
- (b) dealing in goods otherwise than in the course of an ordinary trade of wholesale or retail distribution;
- (c) banking, insurance, money-lending, debt-factoring, hire-purchase financing or other financial activities;
- (d) leasing (including letting ships on charter or other assets on hire) or receiving royalties or licence fees;
- (e) providing legal or accountancy services;
- (ea) property development;
- (eb) farming or market gardening;
- (ec) holding, managing or occupying woodlands, any other forestry activities or timber production;
- (ed) operating or managing hotels or comparable establishments, or managing property used as an hotel or comparable establishment;
- (ee) operating or managing nursing homes or residential care homes, or managing property used as a nursing home or residential care home;
- (f) providing services or facilities for any such trade carried on by another person (not being a company of which the company providing the services or facilities is a subsidiary) as—
- (i) consists, to a substantial extent, in activities within any of paragraphs (a) to (ee) above; and
- (ii) is a trade in which a controlling interest is held by a person who also has a controlling interest in the trade carried on by the company providing the services or facilities.
- (3) For the purposes of sub-paragraph (2)(b) above—
- (a) a trade of wholesale distribution is one in which the goods are offered for sale and sold to persons for resale by them, or for processing and resale by them, to members of the general public for their use or consumption;
- (b) a trade of retail distribution is one in which the goods are offered for sale and sold to members of the general public for their use or consumption; and
- (c) a trade is not an ordinary trade of wholesale or retail distribution if—
- (i) it consists, to a substantial extent, in dealing in goods of a kind which are collected or held as an investment, or in that activity and any other activity of a kind falling within sub-paragraph (2)(a) to (f) above, taken together; and
- (ii) a substantial proportion of those goods are held by the company for a period which is significantly longer than the period for which a vendor would reasonably be expected to hold them while endeavouring to dispose of them at their market value.
- (3A) For the purposes of this Schedule the activities of a person shall not be taken to fall within paragraph (ed) or (ee) of sub-paragraph (2) above except where that person has an estate or interest in, or is in occupation of, the hotels or comparable establishments or, as the case may be, the nursing homes or residential care homes.
- (4) In determining for the purposes of this paragraph whether a trade carried on by any person is an ordinary trade of wholesale or retail distribution, regard shall be had to the extent to which it has the following features, that is to say—
- (a) the goods are bought by that person in quantities larger than those in which he sells them;
- (b) the goods are bought and sold by that person in different markets;
- (c) that person employs staff and incurs expenses in the trade in addition to the cost of the goods and, in the case of a trade carried on by a company, to any remuneration paid to any person connected with it;
- (d) there are purchases or sales from or to persons who are connected with that person;
- (e) purchases are matched with forward sales or vice versa;
- (f) the goods are held by that person for longer than is normal for goods of the kind in question;
- (g) the trade is carried on otherwise than at a place or places commonly used for wholesale or retail trade;
- (h) that person does not take physical possession of the goods;
and for the purposes of this sub-paragraph the features specified in paragraphs (a) to (c) above shall be regarded as indications that the trade is such an ordinary trade and those in paragraphs (d) to (h) above shall be regarded as indications of the contrary.
- (5) A trade shall not be treated as failing to comply with this paragraph by reason only that it consists to a substantial extent in the receiving of royalties or licence fees if the royalties and licence fees (or all but for a part that is not a substantial part in terms of value) are attributable to the exploitation of relevant intangible assets.
- (6) For this purpose an intangible asset is a “*relevant intangible asset*” if the whole or greater part (in terms of value) of it has been created—
- (a) by the company carrying on the trade, or
- (b) by a company which at all times during which it created the intangible asset was—
- (i) the parent company of the company carrying on the trade, or
- (ii) a qualifying subsidiary of that parent company.
- (6A) In the case of a relevant asset that is intellectual property, references in sub-paragraph (6) above to the creation of the asset by a company are to its creation in circumstances in which the right to exploit it vests in the company (whether alone or jointly with others).
- (6B) For the purposes of sub-paragraphs (5) to (6A) above “*intangible asset*” means any asset which falls to be treated as an intangible asset in accordance with generally accepted accounting practice.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6C) For the purposes of sub-paragraph (6) above
- (a) “*parent company*” means a company that—
- (i) has one or more 51% subsidiaries, but
- (ii) is not itself a 51% subsidiary of another company; and
- (b) paragraph 10 below (meaning of “*qualifying subsidiary*”) shall apply as if the references in that paragraph to the relevant company were references to the parent company referred to in sub-paragraph (6)(b) above.
- (6D) For the purposes of sub-paragraph (6A) above “*intellectual property*” means—
- (a) any patent, trade mark, registered design, copyright, design right, performer’s right or plant breeder’s right; and
- (b) any rights under the law of a country or territory outside the United Kingdom which correspond or are similar to those falling within paragraph (a) above.
- (7) A trade shall not be treated as failing to comply with this paragraph by reason only of its consisting in letting ships, other than offshore installations or pleasure craft, on charter if—
- (a) every ship let on charter by the company carrying on the trade is beneficially owned by the company;
- (b) every ship beneficially owned by the company is registered in the United Kingdom;
- (c) the company is solely responsible for arranging the marketing of the services of its ships; and
- (d) the conditions mentioned in sub-paragraph (8) below are satisfied in relation to every letting of a ship on charter by the company;
but where any of the requirements mentioned in paragraphs (a) to (d) above are not satisfied in relation to any lettings, the trade shall not thereby be treated as failing to comply with this paragraph if those lettings and any other activity of a kind falling within sub-paragraph (2)(a) to (f) above do not, when taken together, amount to a substantial part of the trade.
- (8) The conditions are that—
- (a) the letting is for a period not exceeding 12 months and no provision is made at any time (whether in the charterparty or otherwise) for extending it beyond that period otherwise than at the option of the charterer;
- (b) during the period of the letting there is no provision in force (whether by virtue of being contained in the charterparty or otherwise) for the grant of a new letting to end, otherwise than at the option of the charterer, more than 12 months after that provision is made;
- (c) the letting is by way of a bargain made at arm’s length between the company and a person who is not connected with it;
- (d) under the terms of the charter the company is responsible as principal—
- (i) for taking, throughout the period of the charter, management decisions in relation to the ship, other than those of a kind generally regarded by persons engaged in trade of the kind in question as matters of husbandry; and
- (ii) for defraying all expenses in connection with the ship throughout that period, or substantially all such expenses, other than those directly incidental to a particular voyage or to the employment of the ship during that period;
and
- (e) no arrangements exist by virtue of which a person other than the company may be appointed to be responsible for the matters mentioned in paragraph (d) above on behalf of the company;
but this sub-paragraph shall have effect, in relation to any letting between one company and another where one of those companies is the relevant company and the other is a qualifying subsidiary of that company, or where both companies are qualifying subsidiaries of the relevant company, as if paragraph (c) were omitted.
- (9) A trade shall not comply with this paragraph unless it is conducted on a commercial basis and with a view to the realisation of profits.
### Provisions supplemental to paragraph 4
##### 5
- (1) In paragraph 4 above—
- “*film*” means an original master negative of a film, an original master film disc or an original master film tape;
- “*nursing home*” means any establishment which exists wholly or mainly for the provision of nursing care for persons suffering from sickness, injury or infirmity or for women who are pregnant or have given birth to children;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*pleasure craft*” means any ship of a kind primarily used for sport or recreation;
- “*property development*” means the development of land—by a company which has, or at any time has had, an interest in the land, andwith the sole or main object of realising a gain from the disposal of an interest in the land when it is developed;
- “*research and development*” has the meaning given by section 837A;
- “*residential care home*” means any establishment which exists wholly or mainly for the provision of residential accommodation, together with board and personal care, for persons in need of personal care by reason of old age, mental or physical disabilities, past or present dependence on alcohol or drugs or any past illnesses or past or present mental disorders; and
- “*sound recording*”, in relation to a film, means its sound track, original master audio disc or original master audio tape.
- (2) For the purposes of paragraph 4 above, in the case of a trade carried on by a company, a person has a controlling interest in that trade if—
- (a) he controls the company;
- (b) the company is a close company and he or an associate of his, being a director of the company, either—
- (i) is the beneficial owner of more than 30 per cent. of the ordinary share capital of the company, or
- (ii) is able, directly or through the medium of other companies or by any other indirect means, to control more than 30 per cent. of that share capital;
or
- (c) not less than half of the trade could, in accordance with section 344(2), be regarded as belonging to him for the purposes of section 343;
and, in any other case, a person has a controlling interest in a trade if he is entitled to not less than half of the assets used for, or of the income arising from, the trade.
- (3) For the purposes of sub-paragraph (2) above there shall be attributed to any person any rights or powers of any other person who is an associate of his.
- (4) References in paragraph 4 above or this paragraph to a trade, except the references in paragraph 4(2)(f) to the trade for which services or facilities are provided, shall be construed without reference to so much of the definition of trade in section 832(1) as relates to adventures or concerns in the nature of trade; and those references in paragraph 4(2)(f) above to a trade shall have effect, in relation to cases in which what is carried on is carried on by a person other than a company, as including references to any business, profession or vocation.
- (5) In this paragraph—
- “*associate*” has the meaning given in subsections (3) and (4) of section 417, except that in those subsections, as applied for the purposes of this paragraph, “*relative*” shall not include a brother or sister; and
- “*director*” shall be construed in accordance with subsection (5) of that section;
- “*interest in land*” means (subject to sub-paragraph (6) below)—any estate, interest or right in or over land, including any right affecting the use or disposition of land; orany right to obtain such an estate, interest or right from another which is conditional on the other’s ability to grant the estate, interest or right.
- (6) References in paragraph 4 above, in relation to an hotel, to a comparable establishment are references to a guest house, hostel or other establishment the main purpose of maintaining which is the provision of facilities for overnight accommodation (whether with or without catering services).
- (7) References in this paragraph to an interest in land do not include references to—
- (a) the interest of a creditor (other than a creditor in respect of a rentcharge) whose debt is secured by way of mortgage, an agreement for a mortgage or a charge of any kind over land; or
- (b) in the case of land in Scotland, the interest of a creditor in a charge or security of any kind over land.
### Meaning of “relevant qualifying subsidiary”
##### 5A
- (1) For the purposes of this Schedule, a company (“the subsidiary”) is a relevant qualifying subsidiary of the relevant company at any time when it falls within sub-paragraph (2) below.
- (2) The subsidiary falls within this sub-paragraph if—
- (a) the relevant company possesses not less than 90 per cent. of the issued share capital of, and not less than 90 per cent. of the voting power in, the subsidiary;
- (b) the relevant company would—
- (i) in the event of a winding up of the subsidiary, or
- (ii) in any other circumstances,
be beneficially entitled to receive not less than 90 per cent. of the assets of the subsidiary which would then be available for distribution to the equity holders of the subsidiary;
- (c) the relevant company is beneficially entitled to not less than 90 per cent. of any profits of the subsidiary which are available for distribution to the equity holders of the subsidiary;
- (d) no person other than the relevant company has control of the subsidiary within the meaning of section 840; and
- (e) no arrangements are in existence by virtue of which any of the conditions in paragraphs (a) to (d) above would cease to be met.
- (3) Sub-paragraphs (4) to (4C) and (5) of paragraph 10 below apply in relation to sub-paragraph (2) of this paragraph as they apply in relation to sub-paragraph (3) of that paragraph, but with the following modification.
- (4) That modification is that sub-paragraph (5) of that paragraph is to be read as if the words “or (as the case may be) by another subsidiary of that company” were omitted.
- (5) For the purposes of this paragraph—
- (a) the persons who are equity holders of the subsidiary, and
- (b) the percentage of the assets of the subsidiary to which an equity holder would be entitled,
shall be determined in accordance with paragraphs 1 and 3 of Schedule 18.
- (6) But in making that determination—
- (a) references in paragraph 3 of that Schedule to the first company are to be read as references to an equity holder, and
- (b) references in that paragraph to a winding up are to be read as including references to any other circumstances in which assets of the subsidiary are available for distribution to its equity holders.
### Requirements as to the money raised by the investment in question
##### 6
- (1) The requirements of this paragraph are that either—
- (a) at least 80% of the money raised by the issue of the relevant holding must—
- (i) have been employed wholly for the purposes of the trade by reference to which the requirements of paragraph 3(3) above are satisfied; or
- (ii) be money which is intended to be employed wholly for the purposes of that trade; or
- (b) all of the money so raised must have been employed as mentioned in paragraph (a)(i) above.
- (2) For the purposes of this Schedule—
- (a) the requirements of sub-paragraph (1) above shall not be capable of being satisfied by virtue of paragraph (a)(ii) of that sub-paragraph at any time after 12 months have expired from the trading time, and
- (b) the requirements of that sub-paragraph shall not be capable of being satisfied by virtue of paragraph (a)(i) of that sub-paragraph at any time after 24 months have expired from the trading time.
- (2AA) In sub-paragraph (2) above, “*the trading time*” means whichever is applicable of the following—
- (a) in a case where the requirements of sub-paragraph (3) of paragraph 3 above were satisfied in relation to the time when the relevant holding was issued by virtue of paragraph (a) of that sub-paragraph, that time; and
- (b) in a case where they were satisfied in relation to that time by virtue of paragraph (b) of that sub-paragraph, the time when the condition in paragraph 3(4)(a) above was satisfied.
- (2AB) The requirements of this paragraph are not satisfied if either of the following, namely—
- (a) the trade by reference to which the requirements of paragraph 3(3) above are satisfied, and
- (b) any preparations for that trade falling within paragraph 3(3)(b) above,
are carried on, at any time after the issue of the relevant holding, by a person other than the relevant company or a relevant qualifying subsidiary of that company.
- (2AC) Sub-paragraph (2AD) below applies where preparations mentioned in sub-paragraph (2AB)(b) above are carried on by the relevant company or a relevant qualifying subsidiary of that company at any time after the issue of the relevant holding.
- (2AD) Where this sub-paragraph applies, the requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied by reason only of the carrying on of the trade mentioned in sub-paragraph (2AB)(a) above by a person other than—
- (a) the relevant company, or
- (b) a qualifying subsidiary of that company,
at any time after the issue of the relevant holding but before the relevant company or any relevant qualifying subsidiary of that company carries on that trade.
- (2AE) The requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied by reason only of the carrying on of the trade mentioned in sub-paragraph (2AB)(a) above—
- (a) by the partners in a partnership of which the relevant company, or a relevant qualifying subsidiary of that company, is a member, or
- (b) by the parties to a joint venture to which the relevant company, or a relevant qualifying subsidiary of that company, is a party.
- (2AF) The requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied if—
- (a) by reason only of anything done as a consequence of the relevant company or any other company being in administration or receivership, or
- (b) by reason only of the relevant company or any other company being wound up or dissolved without winding up,
the trade mentioned in sub-paragraph (2AB)(a) above ceases to be carried on by the relevant company or a relevant qualifying subsidiary of that company and is subsequently carried on by a person who has not been connected, at any time after the date which is one year before the issue of the relevant holding, with the relevant company.
- (2AG) Sub-paragraph (2AF) above applies only if (as the case may be)—
- (a) the entry into administration or receivership and everything done as a consequence of the company concerned being in administration or receivership, or
- (b) the winding up or dissolution,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which or one of the main purposes of which is the avoidance of tax.
- (2AH) Sub-paragraph (2) of paragraph 11A below applies for the purposes of sub-paragraphs (2AF) and (2AG) above as it applies for the purpose of that paragraph.
- (3) For the purposes of this paragraph money shall not be treated as employed otherwise than wholly for the purposes of a trade if the only amount employed for other purposes is an amount which is not a significant amount; and nothing in paragraph 1(3) above shall require any money whose use is disregarded by virtue of this sub-paragraph to be treated as raised by a different holding.
- (4) References in this paragraph to employing money for the purposes of a trade shall include references to employing it for the purpose of preparing for the carrying on of the trade.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Requirement imposing a maximum on qualifying investments in the relevant company
##### 7
- (1) The requirement of this paragraph is that the relevant holding did not, when it was issued, represent an investment in excess of the maximum qualifying investment for the relevant period.
- (2) Subject to sub-paragraph (4) below, the maximum qualifying investment for any period is exceeded to the extent that the aggregate amount of money raised in that period by the issue to the trust company during that period of shares in or securities of the relevant company exceeds £1 million.
- (3) Any question for the purposes of this paragraph as to whether any shares in or securities of the relevant company which are for the time being held by the trust company represent an investment in excess of the maximum qualifying investment for any period shall be determined on the assumption, in relation to disposals by the trust company, that, as between shares or securities of the same description, those representing the whole or any part of the excess are disposed of before those which do not.
- (4) Where—
- (a) at the time of the issue of the relevant holding the relevant company or any of its qualifying subsidiaries was a member of a partnership or a party to a joint venture,
- (b) the trade by virtue of which the requirements of paragraph 3(3) above are satisfied was at that time being carried on, or to be carried on, by those partners in partnership or by the parties to the joint venture as such, and
- (c) the other partners or parties to the joint venture include at least one other company,
this paragraph shall have effect in relation to the relevant company as if the sum of money for the time being specified in sub-paragraph (2) above were to be divided by the number of companies (including the relevant company) which, at the time when the relevant holding was issued, were members of the partnership or, as the case may be, parties to the joint venture.
- (5) For the purposes of this paragraph the relevant period is the period beginning with whichever is the earlier of—
- (a) the time six months before the issue of the relevant holding; and
- (b) the beginning of the year of assessment in which the issue of that holding took place.
### Requirement as to the assets of the relevant company
##### 8
- (1) The requirement of this paragraph is that the value of the relevant assets—
- (a) did not exceed £15 million immediately before the issue of the relevant holding; and
- (b) did not exceed £16 million immediately afterwards.
- (2) Subject to sub-paragraph (3) below, the reference in sub-paragraph (1) above to the value of the relevant assets is a reference—
- (a) in relation to a time when the relevant company did not have any qualifying subsidiaries, to the value of the gross assets of that company at that time; and
- (b) in relation to any other time, to the aggregate value at that time of the gross assets of all the companies in the relevant company’s group.
- (3) For the purposes of this paragraph assets of any member of the relevant company’s group that consist in rights against, or in shares in or securities of, another member of the group shall be disregarded.
- (4) In this paragraph references, in relation to any time, to the relevant company’s group are references to the relevant company and its qualifying subsidiaries at that time.
### Requirements as to the subsidiaries etc. of the relevant company
##### 9
- (1) The requirements of this paragraph are that . . . the relevant company must not be—
- (a) a company which controls (whether on its own or together with any person connected with it) any company that is not a qualifying subsidiary of the relevant company; or
- (b) a company which is under the control of another company (or of another company and a person connected with the other company);
and arrangements must not be in existence by virtue of which the relevant company could fall within paragraph (a) or (b) above.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Meaning of “qualifying subsidiary”
##### 10
- (1) Subject to the following provisions of this paragraph, a company is a qualifying subsidiary of the relevant company for the purposes of this Schedule if—
- (a) the company in question (“the subsidiary”), and
- (b) where the relevant company has more than one subsidiary, every other subsidiary of the relevant company,
is a company falling within sub-paragraph (3) below.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) The subsidiary falls within this sub-paragraph if—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (ca) the subsidiary is a 51 per cent. subsidiary of the relevant company;
- (d) no person other than the relevant company or another of its subsidiaries has control of the subsidiary within the meaning of section 840; and
- (e) no arrangements are in existence by virtue of which either of the conditions in paragraphs (ca) and (d) above would cease to be met.
- (4) The subsidiary shall not be regarded, at a time when it or any other company is being wound up, as having ceased on that account to be a company falling within sub-paragraph (3) above if . . . —
- (a) . . . it would fall within that sub-paragraph apart from the winding up; and
- (b) . . . the winding up is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
- (4A) Sub-paragraph (4B) below applies at a time when the subsidiary or any other company is in administration or receivership.
- (4B) The subsidiary shall not be regarded, by reason only of anything done as a consequence of the company concerned being in administration or receivership, as having ceased to be a company falling within sub-paragraph (3) above if—
- (a) the entry into administration or receivership, and
- (b) everything done as a consequence of the company concerned being in administration or receivership,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which or one of the main purposes of which is the avoidance of tax.
- (4C) Sub-paragraph (2) of paragraph 11A below applies for the purposes of sub-paragraphs (4A) and (4B) above as it applies for the purpose of that paragraph.
- (5) The subsidiary shall not be regarded, at any time when arrangements are in existence for the disposal by the relevant company, or (as the case may be) by another subsidiary of that company, of all its interest in the subsidiary in question, as having ceased on that account to be a company falling within sub-paragraph (3) above if . . . the disposal is to be for bona fide commercial reasons and is not to be part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Requirement as to property managing subsidiaries
##### 10ZA
- (1) The requirement of this paragraph is that the relevant company must not have a property managing subsidiary which is not a relevant qualifying subsidiary of the relevant company.
- (2) “*Property managing subsidiary*” means a qualifying subsidiary of the relevant company whose business consists wholly or mainly in the holding or managing of land or any property deriving its value from land.
- (3) In sub-paragraph (2) above, “*land*” and “*property deriving its value from land*” have the same meaning as in section 776.
### Requirement that securities should not relate to a guaranteed loan
##### 10A
- (1) The requirement of this paragraph is that there are no securities relating to a guaranteed loan in the relevant holding.
- (2) For the purposes of this paragraph a security relates to a guaranteed loan if (and only if) there are arrangements for the trust company to be or become entitled, in the event of a failure by any person to comply with—
- (a) the terms of the loan to which the security relates, or
- (b) the terms of the security,
to receive anything (whether directly or indirectly) from a third party.
- (3) For the purposes of sub-paragraph (2) above it shall be immaterial whether the arrangements apply in all cases of a failure to comply or only in certain such cases.
- (4) For the purposes of this paragraph “*third party*” means any person except—
- (a) the relevant company; and
- (b) if the relevant company is the parent company of a trading group for the purposes of paragraph 3 above, the subsidiaries of the relevant company.
### Requirement that a proportion of the holding in each company must be eligible shares
##### 10B
- (1) The requirement of this paragraph is that eligible shares represent at least 10 per cent. by value of the totality of the shares in or securities of the relevant company (including the relevant holding) which are held by the trust company.
- (2) For the purposes of this paragraph the value at any time of any shares in or securities of a company shall be taken (subject to sub-paragraph (4) below) to be their value immediately after—
- (a) any relevant event occurring at that time; or
- (b) where no relevant event occurs at that time, the last relevant event to occur before that time.
- (3) In sub-paragraph (2) above “*relevant event*”, in relation to any shares in or securities of the relevant company, means—
- (a) the acquisition by the trust company of those shares or securities;
- (b) the acquisition by the trust company of any other shares in or securities of the relevant company which—
- (i) are of the same description as those shares or securities, and
- (ii) are acquired otherwise than by virtue of being allotted to the trust company without that company’s becoming liable to give any consideration;
or
- (c) the making of any such payment in discharge, in whole or in part, of any obligation attached to any shares in or securities of the relevant company held by the trust company as (by discharging that obligation) increases the value of any such shares or securities.
- (4) If at any time the value of any shares or securities held by the trust company is less than the amount of the consideration given by the trust company for those shares or securities, it shall be assumed for the purposes of this paragraph that the value of those shares or securities at that time is equal to the amount of that consideration.
- (5) In this paragraph “*eligible shares*” has the same meaning as in section 842AA.
### Acquisitions for restructuring purposes
##### 10C
- (1) This paragraph applies where—
- (a) arrangements are made for a company (“*the new company*”) to acquire all the shares (“*old shares*”) in another company (“*the old company*”);
- (b) the acquisition provided for by the arrangements falls within sub-paragraph (2) below; and
- (c) the Board have, before any exchange of shares takes place under the arrangements, given an approval notification.
- (2) An acquisition of shares falls within this sub-paragraph if—
- (a) the consideration for the old shares consists wholly of the issue of shares (“*new shares*”) in the new company;
- (b) new shares are issued in consideration of old shares only at times when there are no issued shares in the new company other than subscriber shares and new shares previously issued in consideration of old shares;
- (c) the consideration for new shares of each description consists wholly of old shares of the corresponding description; and
- (d) new shares of each description are issued to the holders of old shares of the corresponding description in respect of, and in proportion to, their holdings.
- (3) For the purposes of sub-paragraph (1)(c) above an approval notification is one which, on an application by either the old company or the new company, is given to the applicant company and states that the Board are satisfied that the exchange of shares under the arrangements—
- (a) will be effected for bona fide commercial reasons; and
- (b) will not form part of any such scheme or arrangements as are mentioned in section 137(1) of the 1992 Act.
- (4) If the requirements of paragraph 3 above were satisfied in relation to the old company and any old shares immediately before the beginning of the period for giving effect to the arrangements, then (to the extent that it would not otherwise be the case) those requirements shall be deemed to be satisfied in relation to the new company and the matching new shares at all times which—
- (a) fall in that period; and
- (b) do not fall after a time when (apart from the arrangements) those requirements would have ceased by virtue of—
- (i) sub-paragraph (4) or (5) of that paragraph, or
- (ii) any cessation of a trade by any company,
to be satisfied in relation to the old company and the matching old shares.
- (5) For the purposes of paragraph 3 above the period of two years mentioned in sub-paragraph (4) of that paragraph shall be deemed, in the case of any new shares, to expire at the same time as it would have expired (or by virtue of this sub-paragraph would have been deemed to expire) in the case of the matching old shares.
- (6) Subject to sub-paragraph (7) below, where—
- (a) there is an exchange under the arrangements of any new shares for any old shares, and
- (b) those old shares are shares in relation to which the requirements of paragraphs 6 and 8 above were (or were deemed to be) satisfied to any extent immediately before the exchange,
those requirements shall be deemed, at all times after that time, to be satisfied to the same extent in relation to the matching new shares.
- (7) Where there is a time following any exchange under the arrangements of any new shares for any old shares when (apart from the arrangements) the requirements of paragraph 6 above would have ceased under—
- (a) sub-paragraph (2) of that paragraph, or
- (b) this sub-paragraph,
to be satisfied in relation to those old shares, those requirements shall cease at that time to be satisfied in relation to the matching new shares.
- (8) For the purposes of paragraph 7 above any new shares acquired under the arrangements shall be deemed to represent an investment which—
- (a) raised the same amount of money as was raised (or, by virtue of this sub-paragraph, is deemed to have been raised) by the issue of the matching old shares, and
- (b) raised that amount by an issue of shares in the new company made at the time when the issue of the matching old shares took place (or, as the case may be, is deemed to have taken place).
- (9) In determining whether the requirements of paragraph 9 above are satisfied in relation to the old company or the new company at a time in the period for giving effect to the arrangements, both—
- (a) the arrangements themselves, and
- (b) any exchange of new shares for old shares that has already taken place under the arrangements,
shall be disregarded.
- (10) For the purposes of paragraph 10B above the value of the new shares, both immediately after the time of their acquisition and immediately after the time of any subsequent relevant event occurring by virtue of the arrangements, shall be taken to be the same as the value, when last valued in accordance with that paragraph, of the old shares for which they are exchanged.
- (11) Nothing in this paragraph shall deem any of the requirements of this Schedule to be satisfied in relation to any new shares unless the matching old shares were first issued to the trust company and have been held by that company from the time when they were issued until they are acquired by the new company.
- (12) References in this paragraph to the period for giving effect to the arrangements are references to the period which—
- (a) begins with the time when those arrangements first came into existence; and
- (b) ends with the time when the new company completes its acquisition under the arrangements of all the old shares.
- (13) If, at any time after the arrangements first came into existence and before the new company has acquired all the old shares, the arrangements—
- (a) cease to be arrangements for the acquisition of all the old shares by the new company, or
- (b) cease to be arrangements for an acquisition falling within sub-paragraph (2) above,
this paragraph shall not deem any requirement of this Schedule to be satisfied, and sub-paragraph (10) above shall not apply, in the case of any new shares at any time after the arrangements have so ceased.
- (14) Subject to sub-paragraph (15) below, references in this paragraph, except in the expression “subscriber shares”, to shares in a company include references to any securities of that company.
- (15) For the purposes of this paragraph, a relevant security of the old company shall not be treated as a security of that company if—
- (a) the arrangements do not provide for the acquisition of the security by the new company; or
- (b) such treatment prevents sub-paragraph (1)(b) above from being satisfied in connection with the arrangements.
- (16) In sub-paragraph (15) above “*relevant security*” means an instrument which is a security for the purposes of this Schedule by reason only of section 842AA(12).
- (17) For the purposes of this paragraph—
- (a) old shares and new shares are of a corresponding description if, were they shares in the same company, they would be of the same description; and
- (b) old shares and new shares are matching shares in relation to each other if the old shares are the shares for which those new shares are exchanged under the arrangements.
### Conversion of convertible shares and securities
##### 10D
- (1) This paragraph applies where—
- (a) shares have been issued to the trust company by virtue of the exercise by that company of any right of conversion attached to other shares, or securities, held by that company (“*the convertibles*”);
- (b) the shares so issued are in the same company as the convertibles to which the right was attached;
- (c) the convertibles to which the right was attached were first issued to the trust company and were held by that company from the time they were issued until converted; and
- (d) the right was attached to the convertibles when they were first so issued and was not varied before it was exercised.
- (2) Sub-paragraphs (5) to (8) of paragraph 10C above shall apply in relation to the exchange of convertibles for shares by virtue of the exercise of the right of conversion as if—
- (a) that exchange were an exchange under any such arrangements as are mentioned in that paragraph of new shares for old shares; and
- (b) the references in those sub-paragraphs and sub-paragraph (17)(b) of that paragraph to the arrangements were references to the provision conferring the right of conversion.
- (3) For the purposes of paragraph 10B above the value of the new shares immediately after the time of their acquisition by the trust company shall be taken to be the same as the value, when last valued in accordance with that paragraph, of the convertibles for which they are exchanged.
### Winding up of the relevant company
##### 11
None of the requirements of this Schedule shall be regarded, at a time when the relevant company is being wound up, as being, on that account, a requirement that is not satisfied in relation to that company if . . . —
- (a) . . . the requirements of this Schedule would be satisfied in relation to that company apart from the winding up; and
- (b) . . . the winding up is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
### Company in administration or receivership
##### 11A
- (1) A company which is in administration or receivership shall not be regarded as ceasing to comply with paragraph 3(2) or (3) by reason only of anything done as a consequence of its being in administration or receivership.
- (2) For this purpose—
- (a) a company is “in administration” if it is in administration within the meaning of Schedule B1 to the Insolvency Act 1986, or there is in force in relation to it—
- (i) an administration order under Part III of the Insolvency (Northern Ireland) Order 1989, or
- (ii) any corresponding order under the law of a country or territory outside the United Kingdom; and
- (b) a company is “in receivership" if there is in force in relation to it—
- (i) an order for the appointment of an administrative receiver, a receiver and manager or a receiver under Chapter I or II of Part III of the Insolvency Act 1986 or Part IV of the Insolvency (Northern Ireland) Order 1989, or
- (ii) any corresponding order under the law of a country or territory outside the United Kingdom.
- (3) This paragraph applies only if—
- (a) the entry into administration or receivership, and
- (b) everything done as a consequence of the company being in administration or receivership,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.
### Company reorganisations etc. involving exchange of shares
##### 11B
- (1) The Treasury may by regulations make provision for cases where—
- (a) a holding of shares or securities that meets the requirements of this Schedule is exchanged for other shares or securities,
- (b) the exchange is made for bona fide commercial reasons and does not form part of a scheme or arrangements of which the main purpose, or one of the main purposes, is the avoidance of tax, and
- (c) the new shares or securities do not meet some or all of the requirements of this Schedule,
providing that the new shares or securities shall be treated as meeting those requirements.
- (2) The references in sub-paragraph (1) to an exchange of shares or securities include any form of company reorganisation or other arrangement which involves a holder of shares or securities in a company receiving other shares or securities—
- (a) whether the original shares or securities are transferred, cancelled or retained, and
- (b) whether the new shares or securities are in the same or another company.
- (3) The regulations shall specify—
- (a) the cases in which, and conditions subject to which, they apply,
- (b) which requirements of this Schedule are to be treated as met, and
- (c) the period for which those requirements are to be treated as met.
- (4) The regulations may contain such administrative provisions (including provision for advance clearances) as appear to the Treasury to be necessary or expedient.
- (5) The regulations may authorise the Board to give notice to any person requiring him to provide such information, specified in the notice, as they may reasonably require in order to determine whether any conditions imposed by the regulations are met.
- (6) Regulations under this paragraph—
- (a) may make different provision for different cases,
- (b) may include such supplementary, incidental and transitional provisions as appear to the Treasury to be appropriate, and
- (c) may include provision having retrospective effect.
### Power to amend Schedule
##### 12
The Treasury may by order amend this Schedule for any or all of the following purposes, that is to say—
- (a) to make such modifications of paragraphs 3 to 5 above as they may consider expedient;
- (b) to substitute different sums for the sums of money for the time being specified in paragraphs 7(2) and 8(1) above.
### General interpretation
##### 13
- (1) Subject to paragraph 10C(15) above, in this Schedule—
- “*debenture*” has the meaning given by section 744 of the Companies Act 1985; and
- “*securities*” has the same meaning as in section 842AA;
and references in this Schedule to the issue of any securities, in relation to any security consisting in a liability in respect of an unsecured loan, shall have effect as references to the making of the loan.
- (2) For the purposes of paragraphs 5(2) and 9 above, the question whether a person controls a company shall be determined in accordance with subsections (2) to (6) of section 416 with the modification given by sub-paragraph (3) below.
- (3) The modification is that, in determining whether a person controls a company, there shall be disregarded—
- (a) his or any other person’s possession of, or entitlement to acquire, relevant fixed-rate preference shares of the company; and
- (b) his or any other person’s possession of, or entitlement to acquire, rights as a loan creditor of the company.
- (4) Section 839 shall apply for the purposes of this Schedule, but as if the reference in subsection (8) to section 416 were a reference to subsections (2) to (6) of section 416 with the modification given by sub-paragraph (3) above.
- (5) For the purposes of sub-paragraph (3) above—
- (a) relevant fixed-rate preference shares are fixed-rate preference shares that do not for the time being carry voting rights; . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) In this paragraph “*fixed-rate preference shares*” means shares which—
- (a) were issued wholly for new consideration;
- (b) do not carry any right either to conversion into shares or securities of any other description or to the acquisition of any additional shares or securities; and
- (c) do not carry any right to dividends other than dividends which—
- (i) are of a fixed amount or at a fixed rate per cent. of the nominal value of the shares, and
- (ii) together with any sum paid on redemption, represent no more than a reasonable commercial return on the consideration for which the shares were issued;
and in paragraph (a) above “*new consideration*” has the meaning given by section 254.
##### 18A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## Editorial notes
[^c21566881]: **EDITORIAL NOTE** The originating text of this Act is derived from the 1990 edition of The Taxes Acts edited by the Inland Revenue and published by Her Majesty's Stationery Office. The style of editing followed in older versions of the revised text may therefore differ from that applicable to most other Acts published in the online edition of the revised statutes. Any references in older footnote annotations to Vol. 1, 2 etc. are to the Volumes of that 1990 edition. References to Acts in sidenotes and footnote annotations may be abbreviated. The main abbreviations used are listed below. Where a reference to an Act consists of the year, or the year and a series number (such as "1975", or "1975 (No. 2)", etc.), without any following letter(s) in parentheses, the reference is in most cases to the Finance Act, or Finance (No. 2) Act, etc., of that year. Exceptions to this are 1952, 1970, and 1988 (as to which see the list below). **ABBREVIATIONS USED IN SIDENOTES AND FOOTNOTES** 1828 (R.S.) = [Revenue Solicitors Act 1828 (c. 25, SIF 57)](https://www.legislation.gov.uk/ukpga/1828/25) 1890 (I.R.R.) = [Inland Revenue Regulation Act 1890 (c. 21, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1890/21) 1952 = [Income Tax Act 1952 (c. 10, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1952/10) 1968 (C) = [Capital Allowances Act 1968 (c. 3)](https://www.legislation.gov.uk/ukpga/1968/3) 1970 (M) = [Taxes Management Act 1970 (c. 9, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/9) 1970 = [Income and Corporation Taxes Act 1970 (c. 10, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/10) 1970 (F) = [Finance Act 1970 (c. 24, SIF 63:1,2)](https://www.legislation.gov.uk/ukpga/1970/24) 1970 (No.2) = [Income and Corporation Taxes (No.2) Act 1970 (c. 54)](https://www.legislation.gov.uk/ukpga/1970/54) 1975 (O) = [Oil Taxation Act 1975 (c. 22)](https://www.legislation.gov.uk/ukpga/1975/22) (and similarly as respects subsequent years) 1976 (D) = [Development Land Tax Act 1976 (c. 24)](https://www.legislation.gov.uk/ukpga/1976/24) 1977 (I.T.R.) = [Finance (Income Tax Reliefs) Act 1977 (c. 53)](https://www.legislation.gov.uk/ukpga/1977/53) 1979 (C) = [Capital Gains Tax Act 1979 (c. 14, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1979/14) 1984 (C) = [Capital Transfer Tax Act 1984/Inheritance Tax Act 1984 (c. 51, SIF 65)](https://www.legislation.gov.uk/ukpga/1984/51) 1988 = [Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1) 1988 (F) = [Finance Act 1988 (c. 39, SIF 63:1,2)](https://www.legislation.gov.uk/ukpga/1988/39) 1990 (C) = [Capital Allowances Act 1990 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/1) O.J. = Official Journal of the European Communities SIF = Statutes in Force, the official hard-copy predecessor to the online statutes (and any following numbers refer to the relevant volume)
[^c21566891]: General amendments, modifications, etc. to Tax Acts (or Income Tax Acts or Corporation Taxes Acts as the case may be): [Taxes Management Act 1970 (c.9, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/9), [s. 41A(7)](https://www.legislation.gov.uk/ukpga/1970/9/section/41A/7) (as added by [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 95(1)(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/95/1/2)); [British Telecommunications Act 1981 (c.38, SIF 96)](https://www.legislation.gov.uk/ukpga/1981/38), [s. 82(2)(7)](https://www.legislation.gov.uk/ukpga/1981/38/section/82/2/7); [Telecommunications Act 1984 (c.12, SIF 96)](https://www.legislation.gov.uk/ukpga/1984/12), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1984/12/section/72/3); [Finance Act 1984 (c.43, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1984/43), [ss. 82(6)](https://www.legislation.gov.uk/ukpga/1984/43/section/82/6), [85(2)](https://www.legislation.gov.uk/ukpga/1984/43/section/85/2), [89(1)(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/89/1/7), [96(1)(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/96/1/7), [98(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/98/7), [Sch. 9 para. 3(2)(9)](https://www.legislation.gov.uk/ukpga/1984/43/schedule/9/paragraph/3/2/9), [Sch. 16 paras. 6](https://www.legislation.gov.uk/ukpga/1984/43/schedule/16/paragraph/6), [12](https://www.legislation.gov.uk/ukpga/1984/43/schedule/16/paragraph/12); [Finance Act 1985 (c.54, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1985/54), [ss. 72(1)](https://www.legislation.gov.uk/ukpga/1985/54/section/72/1), [74(5)](https://www.legislation.gov.uk/ukpga/1985/54/section/74/5), [Sch. 23 para. 15(4)](https://www.legislation.gov.uk/ukpga/1985/54/schedule/23/paragraph/15/4); [The Income Tax (Entertainers and Sportsmen) Regulations 1987 (S.I. 1987/530)](https://www.legislation.gov.uk/uksi/1987/530), [regs. 11(2)](https://www.legislation.gov.uk/uksi/1987/530/regulation/11/2), [13(1)](https://www.legislation.gov.uk/uksi/1987/530/regulation/13/1), [14](https://www.legislation.gov.uk/uksi/1987/530/regulation/14); [Income and Corporation Taxes Act 1988 (c.1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 4](https://www.legislation.gov.uk/ukpga/1988/1/section/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/section/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/section/7), [9](https://www.legislation.gov.uk/ukpga/1988/1/section/9), [32](https://www.legislation.gov.uk/ukpga/1988/1/section/32), [34](https://www.legislation.gov.uk/ukpga/1988/1/section/34), [78](https://www.legislation.gov.uk/ukpga/1988/1/section/78), [134](https://www.legislation.gov.uk/ukpga/1988/1/section/134), [135](https://www.legislation.gov.uk/ukpga/1988/1/section/135), [141](https://www.legislation.gov.uk/ukpga/1988/1/section/141), [142](https://www.legislation.gov.uk/ukpga/1988/1/section/142), [185](https://www.legislation.gov.uk/ukpga/1988/1/section/185), [191](https://www.legislation.gov.uk/ukpga/1988/1/section/191), [193](https://www.legislation.gov.uk/ukpga/1988/1/section/193), [194](https://www.legislation.gov.uk/ukpga/1988/1/section/194), [195](https://www.legislation.gov.uk/ukpga/1988/1/section/195), [200](https://www.legislation.gov.uk/ukpga/1988/1/section/200), [203](https://www.legislation.gov.uk/ukpga/1988/1/section/203), [209](https://www.legislation.gov.uk/ukpga/1988/1/section/209), [212](https://www.legislation.gov.uk/ukpga/1988/1/section/212), [213](https://www.legislation.gov.uk/ukpga/1988/1/section/213), [219](https://www.legislation.gov.uk/ukpga/1988/1/section/219), [247](https://www.legislation.gov.uk/ukpga/1988/1/section/247), [253](https://www.legislation.gov.uk/ukpga/1988/1/section/253), [272](https://www.legislation.gov.uk/ukpga/1988/1/section/272), [287](https://www.legislation.gov.uk/ukpga/1988/1/section/287), [314](https://www.legislation.gov.uk/ukpga/1988/1/section/314), [315](https://www.legislation.gov.uk/ukpga/1988/1/section/315), [317](https://www.legislation.gov.uk/ukpga/1988/1/section/317), [318](https://www.legislation.gov.uk/ukpga/1988/1/section/318), [325](https://www.legislation.gov.uk/ukpga/1988/1/section/325), [326](https://www.legislation.gov.uk/ukpga/1988/1/section/326), [327](https://www.legislation.gov.uk/ukpga/1988/1/section/327), [345](https://www.legislation.gov.uk/ukpga/1988/1/section/345), [350](https://www.legislation.gov.uk/ukpga/1988/1/section/350), [351](https://www.legislation.gov.uk/ukpga/1988/1/section/351), [368](https://www.legislation.gov.uk/ukpga/1988/1/section/368), [375](https://www.legislation.gov.uk/ukpga/1988/1/section/375), [381](https://www.legislation.gov.uk/ukpga/1988/1/section/381), [397](https://www.legislation.gov.uk/ukpga/1988/1/section/397), [414](https://www.legislation.gov.uk/ukpga/1988/1/section/414), [432](https://www.legislation.gov.uk/ukpga/1988/1/section/432), [440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [442](https://www.legislation.gov.uk/ukpga/1988/1/section/442), [446](https://www.legislation.gov.uk/ukpga/1988/1/section/446), [458](https://www.legislation.gov.uk/ukpga/1988/1/section/458), [460](https://www.legislation.gov.uk/ukpga/1988/1/section/460), [461](https://www.legislation.gov.uk/ukpga/1988/1/section/461), [463](https://www.legislation.gov.uk/ukpga/1988/1/section/463), [463(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/2/3) (as added by [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 50(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/50/2)), [468](https://www.legislation.gov.uk/ukpga/1988/1/section/468), [474](https://www.legislation.gov.uk/ukpga/1988/1/section/474), [475](https://www.legislation.gov.uk/ukpga/1988/1/section/475), [486](https://www.legislation.gov.uk/ukpga/1988/1/section/486), [490](https://www.legislation.gov.uk/ukpga/1988/1/section/490), [491](https://www.legislation.gov.uk/ukpga/1988/1/section/491), [503](https://www.legislation.gov.uk/ukpga/1988/1/section/503), [511](https://www.legislation.gov.uk/ukpga/1988/1/section/511), [518](https://www.legislation.gov.uk/ukpga/1988/1/section/518), [524](https://www.legislation.gov.uk/ukpga/1988/1/section/524), [532](https://www.legislation.gov.uk/ukpga/1988/1/section/532), [544](https://www.legislation.gov.uk/ukpga/1988/1/section/544), [550](https://www.legislation.gov.uk/ukpga/1988/1/section/550), [556](https://www.legislation.gov.uk/ukpga/1988/1/section/556), [558](https://www.legislation.gov.uk/ukpga/1988/1/section/558), [569](https://www.legislation.gov.uk/ukpga/1988/1/section/569), [572](https://www.legislation.gov.uk/ukpga/1988/1/section/572), [582](https://www.legislation.gov.uk/ukpga/1988/1/section/582), [595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [601](https://www.legislation.gov.uk/ukpga/1988/1/section/601), [613](https://www.legislation.gov.uk/ukpga/1988/1/section/613), [617](https://www.legislation.gov.uk/ukpga/1988/1/section/617), [619](https://www.legislation.gov.uk/ukpga/1988/1/section/619), [621](https://www.legislation.gov.uk/ukpga/1988/1/section/621), [639](https://www.legislation.gov.uk/ukpga/1988/1/section/639), [656](https://www.legislation.gov.uk/ukpga/1988/1/section/656), [660](https://www.legislation.gov.uk/ukpga/1988/1/section/660), [663](https://www.legislation.gov.uk/ukpga/1988/1/section/663), [676](https://www.legislation.gov.uk/ukpga/1988/1/section/676), [689](https://www.legislation.gov.uk/ukpga/1988/1/section/689), [691](https://www.legislation.gov.uk/ukpga/1988/1/section/691), [694](https://www.legislation.gov.uk/ukpga/1988/1/section/694), [700](https://www.legislation.gov.uk/ukpga/1988/1/section/700), [701](https://www.legislation.gov.uk/ukpga/1988/1/section/701), [714](https://www.legislation.gov.uk/ukpga/1988/1/section/714), [716](https://www.legislation.gov.uk/ukpga/1988/1/section/716), [739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [743](https://www.legislation.gov.uk/ukpga/1988/1/section/743), [754](https://www.legislation.gov.uk/ukpga/1988/1/section/754), [763](https://www.legislation.gov.uk/ukpga/1988/1/section/763), [776](https://www.legislation.gov.uk/ukpga/1988/1/section/776), [780](https://www.legislation.gov.uk/ukpga/1988/1/section/780), [781](https://www.legislation.gov.uk/ukpga/1988/1/section/781), [782](https://www.legislation.gov.uk/ukpga/1988/1/section/782), [787](https://www.legislation.gov.uk/ukpga/1988/1/section/787), [789](https://www.legislation.gov.uk/ukpga/1988/1/section/789), [811](https://www.legislation.gov.uk/ukpga/1988/1/section/811), [828](https://www.legislation.gov.uk/ukpga/1988/1/section/828), [829](https://www.legislation.gov.uk/ukpga/1988/1/section/829), [832](https://www.legislation.gov.uk/ukpga/1988/1/section/832), [833](https://www.legislation.gov.uk/ukpga/1988/1/section/833), [834](https://www.legislation.gov.uk/ukpga/1988/1/section/834), [835](https://www.legislation.gov.uk/ukpga/1988/1/section/835), [837](https://www.legislation.gov.uk/ukpga/1988/1/section/837), [838](https://www.legislation.gov.uk/ukpga/1988/1/section/838), [839](https://www.legislation.gov.uk/ukpga/1988/1/section/839), [840](https://www.legislation.gov.uk/ukpga/1988/1/section/840), [841](https://www.legislation.gov.uk/ukpga/1988/1/section/841), [842](https://www.legislation.gov.uk/ukpga/1988/1/section/842), [Sch. 2 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/2/paragraph/5), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/5), [Sch. 13 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/10), [Sch. 16 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/10), [Sch. 21 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6), [Sch. 26 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1), [Sch. 27 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/20); [Finance Act 1988 (c.39, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 66](https://www.legislation.gov.uk/ukpga/1988/39/section/66), [127(1)(6)](https://www.legislation.gov.uk/ukpga/1988/39/section/127/1/6), [Sch. 12 para. 6](https://www.legislation.gov.uk/ukpga/1988/39/schedule/12/paragraph/6); [Electricity Act 1989 (c. 29, SIF 44:1)](https://www.legislation.gov.uk/ukpga/1989/29), [s. 90](https://www.legislation.gov.uk/ukpga/1989/29/section/90), [Sch. 11 para. 8(2)](https://www.legislation.gov.uk/ukpga/1989/29/schedule/11/paragraph/8/2); [S.I. 1990/117](https://www.legislation.gov.uk/uksi/1990/117), [art. 3](https://www.legislation.gov.uk/uksi/1990/117/article/3), [Sch. 1](https://www.legislation.gov.uk/uksi/1990/117/schedule/1); [Capital Allowances Act 1990 (c.1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/1), [ss. 28(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/28/1), [68(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/68/8), [74](https://www.legislation.gov.uk/ukpga/1988/1/section/74), [82](https://www.legislation.gov.uk/ukpga/1988/1/section/82), [83(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/5), [148(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/148/5), [163(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/163/4), [164(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/164/2); [S.I. 1990/627](https://www.legislation.gov.uk/uksi/1990/627); [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 25(10)](https://www.legislation.gov.uk/ukpga/1990/29/section/25/10); [Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) (having effect with respect to gifts made on or after 19.3.1991), s. 587A(2)(3) (with application as referred to in [Finance Act 1991 (c.31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5) (if the new securities are issued on or after 19.3.1991)), [s. 736A](https://www.legislation.gov.uk/ukpga/1988/1/section/736A), [Sch. 23A paras. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3/2), [4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4), [5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/5/2), [7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1); [Ports Act 1991 (c. 52, SIF 58)](https://www.legislation.gov.uk/ukpga/1991/52), [s. 35(8)](https://www.legislation.gov.uk/ukpga/1991/52/section/35/8); [The Official Listing of Securities (Change of Competent Authority) Regulations 1991 (S.I. 1991/2000)](https://www.legislation.gov.uk/uksi/1991/2000), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1991/2000/regulation/1/1), [4(5)](https://www.legislation.gov.uk/uksi/1991/2000/regulation/4/5); [British Technology Group Act 1991 (c.66, SIF 64)](https://www.legislation.gov.uk/ukpga/1991/66), [s.12(1)(3)(4)](https://www.legislation.gov.uk/ukpga/1991/66/section/12/1/3/4); [S.I. 1991/2721](https://www.legislation.gov.uk/uksi/1991/2721), [art.2](https://www.legislation.gov.uk/uksi/1991/2721/article/2); [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1 reg. 28](https://www.legislation.gov.uk/uksi/1979/591/schedule/1/regulation/28) (as substituted by [S.I. 1992/97](https://www.legislation.gov.uk/uksi/1992/97), [reg. 18](https://www.legislation.gov.uk/uksi/1992/97/regulation/18)); [Social Security Contributions and Benefits Act 1992 (c. 4)](https://www.legislation.gov.uk/ukpga/1992/4), [ss. 16](https://www.legislation.gov.uk/ukpga/1992/4/section/16), [177(4)](https://www.legislation.gov.uk/ukpga/1992/4/section/177/4), [Sch.2](https://www.legislation.gov.uk/ukpga/1992/4/schedule/2) (with [s. 108(5)](https://www.legislation.gov.uk/ukpga/1992/4/section/108/5)); [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 209(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/209/3), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) (with effect for the year 1992-93 and subsequent years of assessment); [The Lloyd's Underwriters (Tax) (1989-90) Regulations 1992 (S.I. 1992/511)](https://www.legislation.gov.uk/uksi/1992/511), [reg.3](https://www.legislation.gov.uk/uksi/1992/511/regulation/3) (with effect for the year of assessment 1989-90); [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 66](https://www.legislation.gov.uk/ukpga/1992/48/section/66), [77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 12 paras. 6(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/6/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/7), [Sch. 17 para.9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/9); [The Lloyd's Underwriters (Tax) (1990-91) Regulations 1993 (S.I. 1993/415)](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/1/1), [3(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/3/1) (with effect for the year of assessment 1990-91); [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(3)-(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/3), [118(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/118/1), [146(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/146/2/3), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165), [175](https://www.legislation.gov.uk/ukpga/1993/34/section/175), [Sch. 20 paras. 8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20/paragraph/8), [9(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20/paragraph/9/1); [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 172(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/172/1), [176(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/1), [179(4)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/179/4/5), [180(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/180/1/a/2), [182(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/182/2), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) (with effect for the year 1992-93 and subsequent years of assessment); [Agriculture Act 1993 (c. 37)](https://www.legislation.gov.uk/ukpga/1993/37), [ss. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [36](https://www.legislation.gov.uk/ukpga/1993/37/section/36), [Sch. 2](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2), [paras. 1](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/1), [2(1)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/2/1), [3(2)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/3/2), [16(2)(a)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/16/2/a), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/4/paragraph/1/1); [The Income Tax (Manufactured Overseas Dividends) Regulations 1993 (S.I. 1993/2004)](https://www.legislation.gov.uk/uksi/1993/2004), [regs. 1](https://www.legislation.gov.uk/uksi/1993/2004/regulation/1), [4(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/4/1) , [5(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/5/1), [7(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/7/1), [8](https://www.legislation.gov.uk/uksi/1993/2004/regulation/8), [11(7)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/11/7); [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 139(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/139/1/2), [173(2)(b)(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/2/b/4/a/b), [174](https://www.legislation.gov.uk/ukpga/1994/9/section/174), [Sch. 25 paras. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/2), [6(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/6/1/2); [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 paras. 1(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/1/4), [12(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/12/2), [15(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15/1/b), [18(1)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/18/1), [20(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/20/1/a/3), [25(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/25/1) (with retrospective effect to 11.1.1994); [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 21](https://www.legislation.gov.uk/ukpga/1994/21/section/21), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/11/1), [14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14), [17(2)-(4)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/17/2), [19(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/19/1/a/3); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule); [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [reg.3](https://www.legislation.gov.uk/uksi/1994/728/regulation/3) (with effect for the year of assessment 1991-92); [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 152](https://www.legislation.gov.uk/ukpga/1995/4/section/152), [157(12)](https://www.legislation.gov.uk/ukpga/1995/4/section/157/12); [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 154](https://www.legislation.gov.uk/ukpga/1995/4/section/154) (with retrospective effect to 29.11.1994); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/2/3), [Sch. 19](https://www.legislation.gov.uk/ukpga/1995/4/schedule/19)); [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24), [s. 7(3)-(5)](https://www.legislation.gov.uk/ukpga/1995/24/section/7/3); [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [s. 8](https://www.legislation.gov.uk/ukpga/1995/37/section/8), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/7), [13](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/13); [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [s. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1995/45/section/17/1/2), [Sch. 5 paras. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1), [10(1)-(3)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/1); [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 3](https://www.legislation.gov.uk/uksi/1995/171/regulation/3); [The Lloyd's Underwriters (Tax) Regulations 1995 (S.I. 1995/351)](https://www.legislation.gov.uk/uksi/1995/351), [reg. 4](https://www.legislation.gov.uk/uksi/1995/351/regulation/4) (with [regs. 5-8](https://www.legislation.gov.uk/uksi/1995/351/regulation/5) and [S.I. 1995/352](https://www.legislation.gov.uk/uksi/1995/352), [regs. 6-12](https://www.legislation.gov.uk/uksi/1995/352/regulation/6), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15)); [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/352/regulation/4) (with [regs. 6-12](https://www.legislation.gov.uk/uksi/1995/352/regulation/6), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15) and [S.I. 1995/351](https://www.legislation.gov.uk/uksi/1995/351), [regs. 5-8](https://www.legislation.gov.uk/uksi/1995/351/regulation/5)) (with effect for the years of assessment 1992-93 to 1996-97); [The Income Tax (Manufactured Dividends) (Tradepoint) Regulations 1995 (S.I. 1995/2052)](https://www.legislation.gov.uk/uksi/1995/2052), [regs. 1](https://www.legislation.gov.uk/uksi/1995/2052/regulation/1), [10](https://www.legislation.gov.uk/uksi/1995/2052/regulation/10); [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 81(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/81/1), [151(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/151/1), [152](https://www.legislation.gov.uk/ukpga/1996/8/section/152), [154(2)(5)(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/2/5/9), [Sch. 10 para. 4(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/4/2), [Sch. 11 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/4/4); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 689A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/689A/2) (as inserted by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 paras. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/16), [28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28)); [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [Sch. 7 paras. 1(3)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/1/3), [18](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/18), [27](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/27); [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 79(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/79/3), [Sch. 7 paras. 2(1)(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/2/1/3), [3(2)(5)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/3/2/5), [7(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/7/2); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) (as substituted and inserted respectively by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/11/1), [13(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/3), [16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16)); [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [ss. 28A](https://www.legislation.gov.uk/ukpga/1990/1/section/28A), [29(1)(1A)](https://www.legislation.gov.uk/ukpga/1990/1/section/29/1/1A) (as inserted and substituted respectively by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 15 paras. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/4)) [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 29(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/29/1), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/23); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) (as substituted by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(4)(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/4/6); [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 3](https://www.legislation.gov.uk/uksi/1997/473/regulation/3) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [art. 165(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/165/2/a); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 4](https://www.legislation.gov.uk/uksi/2004/822/regulation/4)) [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1), [3-23](https://www.legislation.gov.uk/uksi/1997/1154/regulation/3) (as amended by [S.I. 1997/1715](https://www.legislation.gov.uk/uksi/1997/1715)); [The Lloyd's Underwriters (Scottish Limited Partnerships) (Tax) Regulations 1997 (S.I. 1997/2681)](https://www.legislation.gov.uk/uksi/1997/2681), [regs. 1](https://www.legislation.gov.uk/uksi/1997/2681/regulation/1), [9](https://www.legislation.gov.uk/uksi/1997/2681/regulation/9); [Teaching and Higher Education Act 1998 (c. 30)](https://www.legislation.gov.uk/ukpga/1998/30), [s. 22(5)(g)](https://www.legislation.gov.uk/ukpga/1998/30/section/22/5/g); [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 30(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/30/3), [31(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/31/2), [32(8)](https://www.legislation.gov.uk/ukpga/1998/36/section/32/8), [46](https://www.legislation.gov.uk/ukpga/1998/36/section/46), [47(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/3/a), [117](https://www.legislation.gov.uk/ukpga/1998/36/section/117), [161(2)(b)(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/b/7), [Sch. 18](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 65A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/65A/3), [70A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/70A/3), [596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596C), [754(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2), [Sch. 28AA para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2/b) (as inserted or substituted (as the case may be) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38](https://www.legislation.gov.uk/ukpga/1998/36/section/38), [93(3)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/3/4), [108(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/5/6), [Sch. 5 paras. 24](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/24), [25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/25), [73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [Sch. 16](https://www.legislation.gov.uk/ukpga/1998/36/schedule/16), [Sch. 17 paras. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/4), [37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37); [Regional Development Agencies Act 1998 (c. 45)](https://www.legislation.gov.uk/ukpga/1998/45), [s. 38](https://www.legislation.gov.uk/ukpga/1998/45/section/38); [S.I. 1998/2952](https://www.legislation.gov.uk/uksi/1998/2952), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/2952/article/2/2); [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 73(2)](https://www.legislation.gov.uk/ukpga/1998/46/section/73/2); [S.I. 1998/3178](https://www.legislation.gov.uk/uksi/1998/3178), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/3178/article/2/2), [Sch. 3](https://www.legislation.gov.uk/uksi/1998/3178/schedule/3); [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [21](https://www.legislation.gov.uk/uksi/1998/3177/regulation/21); [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/4); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 469A](https://www.legislation.gov.uk/ukpga/1988/1/section/469A) (as inserted by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(1)(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/1/3)); [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [ss. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1999/20/section/6/2/c), [16(1)(4)(c)(5)](https://www.legislation.gov.uk/ukpga/1999/20/section/16/1/4/c/5); [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 43](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/43); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) (as inserted by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 43(1)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/1/3)); [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 253(4)](https://www.legislation.gov.uk/ukpga/2001/2/section/253/4), [260(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/260/5), [579](https://www.legislation.gov.uk/ukpga/2001/2/section/579), [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 118ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) (as substituted by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(1)(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/1/6)); [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 55(2)-(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/55/2)(7), 83(1)(a)(3), Sch. 26 para. 51; [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 56](https://www.legislation.gov.uk/ukpga/2003/1/section/56), [566(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/566/2), [723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) (with [s. 48(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/48/2), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))); [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 148(1)-(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/148/1), [150](https://www.legislation.gov.uk/ukpga/2003/14/section/150), [195](https://www.legislation.gov.uk/ukpga/2003/14/section/195); [The Taxation of Benefits under Government Pilot Schemes (Return to Work Credit and Employment Retention and Advancement Schemes) Order 2003 (S.I. 2003/2339)](https://www.legislation.gov.uk/uksi/2003/2339), [arts. 1](https://www.legislation.gov.uk/uksi/2003/2339/article/1), [3](https://www.legislation.gov.uk/uksi/2003/2339/article/3); [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 51](https://www.legislation.gov.uk/ukpga/2004/12/section/51), [188(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/188/7), [192(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/8/10), [205(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/205/7), [206(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/206/7), [207(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/207/7), [208(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/208/8), [215(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/215/11), [227(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/227/5), [254(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/254/7), [255(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/255/3), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36)); [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23),Sch. 26 para. 36(2) (as substituted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 52(1)(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/52/1/3), [Sch. 10 para. 62](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/62)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 837C](https://www.legislation.gov.uk/ukpga/1988/1/section/837C) (as inserted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 paras. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/1), [3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 19B para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/15/2) (as inserted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 38](https://www.legislation.gov.uk/ukpga/2004/12/schedule/38)); [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(10)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/10), [28(5)](https://www.legislation.gov.uk/ukpga/2004/20/section/28/5), [29(6)](https://www.legislation.gov.uk/ukpga/2004/20/section/29/6), [30(6)](https://www.legislation.gov.uk/ukpga/2004/20/section/30/6), [38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2), [44(5)](https://www.legislation.gov.uk/ukpga/2004/20/section/44/5), [Sch. 9 para. 37(3)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/37/3); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1); [Horserace Betting and Olympic Lottery Act 2004 (c. 25)](https://www.legislation.gov.uk/ukpga/2004/25), [ss. 4(1)](https://www.legislation.gov.uk/ukpga/2004/25/section/4/1), [5(3)(c)(4)](https://www.legislation.gov.uk/ukpga/2004/25/section/5/3/c/4); [S.I. 2011/462](https://www.legislation.gov.uk/uksi/2011/462), [art. 2](https://www.legislation.gov.uk/uksi/2011/462/article/2); [The Taxation of Benefits under Government Pilot Schemes (Working Neighbourhoods Pilot and In Work Credit) Order 2004 (S.I. 2004/575)](https://www.legislation.gov.uk/uksi/2004/575), [art. 3](https://www.legislation.gov.uk/uksi/2004/575/article/3); [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [ss. 41(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/41/4), [50](https://www.legislation.gov.uk/ukpga/2005/7/section/50), [53](https://www.legislation.gov.uk/ukpga/2005/7/section/53), [54](https://www.legislation.gov.uk/ukpga/2005/7/section/54), [56](https://www.legislation.gov.uk/ukpga/2005/7/section/56), [83(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/83/1); [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [Sch. 10 para. 34(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/34/2); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), art, 2, Sch.; [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 7(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/7/2), [8](https://www.legislation.gov.uk/ukpga/2005/22/section/8), [9](https://www.legislation.gov.uk/ukpga/2005/22/section/9); [Finance Act 1988 (c.39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 66A(2)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/66A/2/4) (as inserted by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 60(1)(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/60/1/3)); [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [reg. 4](https://www.legislation.gov.uk/uksi/2005/1907/regulation/4); [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 3](https://www.legislation.gov.uk/uksi/2005/2014/regulation/3); [The Donations to Charity by Individuals (Appropriate Declarations) (Amendment) Regulations 2005 (S.I. 2005/2790)](https://www.legislation.gov.uk/uksi/2005/2790), [regs. 6](https://www.legislation.gov.uk/uksi/2005/2790/regulation/6), [7](https://www.legislation.gov.uk/uksi/2005/2790/regulation/7); [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 4](https://www.legislation.gov.uk/uksi/2006/575/regulation/4); [Telecommunications Act 1984 (c. 12)](https://www.legislation.gov.uk/ukpga/1984/12), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1984/12/section/72/3) (as substituted by [S.I. 2006/745](https://www.legislation.gov.uk/uksi/2006/745), [art. 2](https://www.legislation.gov.uk/uksi/2006/745/article/2)); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2006 (S.I. 2006/3218)](https://www.legislation.gov.uk/uksi/2006/3218), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2006/3218/regulation/1/1/2), [2-12](https://www.legislation.gov.uk/uksi/2006/3218/regulation/2); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) (No. 2) Regulations 2006 (S.I. 2006/3389)](https://www.legislation.gov.uk/uksi/2006/3389), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2006/3389/regulation/1/1/2), [2-10](https://www.legislation.gov.uk/uksi/2006/3389/regulation/2) (as amended by [S.I. 2007/2147](https://www.legislation.gov.uk/uksi/2007/2147), [regs. 1-6](https://www.legislation.gov.uk/uksi/2007/2147/regulation/1)); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 414](https://www.legislation.gov.uk/ukpga/2007/3/section/414), [466](https://www.legislation.gov.uk/ukpga/2007/3/section/466), [467](https://www.legislation.gov.uk/ukpga/2007/3/section/467), [473(5)(6)](https://www.legislation.gov.uk/ukpga/2007/3/section/473/5/6), [474](https://www.legislation.gov.uk/ukpga/2007/3/section/474), [477](https://www.legislation.gov.uk/ukpga/2007/3/section/477), [513(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/513/4), [573](https://www.legislation.gov.uk/ukpga/2007/3/section/573), [576](https://www.legislation.gov.uk/ukpga/2007/3/section/576), [578](https://www.legislation.gov.uk/ukpga/2007/3/section/578), [586(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/586/2), [597(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/597/2), [711(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/711/2), [959](https://www.legislation.gov.uk/ukpga/2007/3/section/959), [963(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/963/4), [970(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/970/1), [988-1016](https://www.legislation.gov.uk/ukpga/2007/3/section/988) (Pt. 16) (with Sch. 2); [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 61G](https://www.legislation.gov.uk/ukpga/2003/1/section/61G) (as inserted by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 25](https://www.legislation.gov.uk/ukpga/2007/11/section/25), [Sch. 3 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/3/paragraph/4)); [Consumers, Estate Agents and Redress Act 2007 (c. 17)](https://www.legislation.gov.uk/ukpga/2007/17), [Sch. 4 para. 11](https://www.legislation.gov.uk/ukpga/2007/17/schedule/4/paragraph/11); [S.I. 2007/3546](https://www.legislation.gov.uk/uksi/2007/3546), [art. 3](https://www.legislation.gov.uk/uksi/2007/3546/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2007/3546/schedule); [The Corporation Tax (Taxation of Films) (Transitional Provisions) Regulations 2007 (S.I. 2007/1050)](https://www.legislation.gov.uk/uksi/2007/1050), [regs. 1](https://www.legislation.gov.uk/uksi/2007/1050/regulation/1), [3-12](https://www.legislation.gov.uk/uksi/2007/1050/regulation/3) (as amended by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 2 para. 131](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/131) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))); [The Securitisation Companies (Application of Section 83(1) of the Finance Act 2005: Accounting Standards) Regulations 2007 (S.I. 2007/3338](https://www.legislation.gov.uk/uksi/2007/3338)), [reg. 3](https://www.legislation.gov.uk/uksi/2007/3338/regulation/3); [The Taxation of Insurance Securitisation Companies Regulations 2007 (S.I. 2007/3402)](https://www.legislation.gov.uk/uksi/2007/3402), [regs. 1](https://www.legislation.gov.uk/uksi/2007/3402/regulation/1), [6](https://www.legislation.gov.uk/uksi/2007/3402/regulation/6); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 461D(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/461D/4) (as inserted by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3)); [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 840A(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/840A/3) (as inserted by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 paras. 69](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/69), [81](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/81)); [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 3(2)(4)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/3/2/4); [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 69Z15(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z15/2), [69Z16(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z16/2), [69Z17(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z17/2) (as inserted by [S.I. 2008/705](https://www.legislation.gov.uk/uksi/2008/705), [reg. 5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5)); [The Friendly Societies (Transfers of Other Business) (Modification of the Corporation Tax Acts) Regulations 2008 (S.I. 2008/1942)](https://www.legislation.gov.uk/uksi/2008/1942), [regs. 1-7](https://www.legislation.gov.uk/uksi/2008/1942/regulation/1); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2008 (S.I. 2008/2646)](https://www.legislation.gov.uk/uksi/2008/2646), [regs. 1](https://www.legislation.gov.uk/uksi/2008/2646/regulation/1), [2](https://www.legislation.gov.uk/uksi/2008/2646/regulation/2); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 2(4)](https://www.legislation.gov.uk/ukpga/2009/4/section/2/4), [3](https://www.legislation.gov.uk/ukpga/2009/4/section/3), [294(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/294/2), [481(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/481/2), [490(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/490/2), [509(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/509/2), [515](https://www.legislation.gov.uk/ukpga/2009/4/section/515), [516(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/516/1), [521(4)(e)(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/521/4/e/5), [539(6)](https://www.legislation.gov.uk/ukpga/2009/4/section/539/6), [540(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/540/3), [545](https://www.legislation.gov.uk/ukpga/2009/4/section/545), [550](https://www.legislation.gov.uk/ukpga/2009/4/section/550), [592(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/592/3), [593(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/593/2), [608(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/608/7), [799(1)(b)](https://www.legislation.gov.uk/ukpga/2009/4/section/799/1/b), [802(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/802/2), [855(7)(8)](https://www.legislation.gov.uk/ukpga/2009/4/section/855/7/8), [969](https://www.legislation.gov.uk/ukpga/2009/4/section/969), [1273](https://www.legislation.gov.uk/ukpga/2009/4/section/1273), [1329](https://www.legislation.gov.uk/ukpga/2009/4/section/1329) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 230A](https://www.legislation.gov.uk/ukpga/1988/1/section/230A) (as inserted by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/100)); [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 25](https://www.legislation.gov.uk/ukpga/2009/10/section/25); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 521B(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/521B/2) (as inserted by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 4](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/4), [12-16](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)); [The Education (Student Loans) (Repayment) Regulations (Northern Ireland) 2009 (S.R. 2009/128)](https://www.legislation.gov.uk/nisr/2009/128), [regs. 1(1)](https://www.legislation.gov.uk/nisr/2009/128/regulation/1/1), [4](https://www.legislation.gov.uk/nisr/2009/128/regulation/4), [26(2)](https://www.legislation.gov.uk/nisr/2009/128/regulation/26/2); [The Education (Student Loans) (Repayment) Regulations 2009 (S.I. 2009/470)](https://www.legislation.gov.uk/uksi/2009/470), [regs. 1](https://www.legislation.gov.uk/uksi/2009/470/regulation/1), [4-7](https://www.legislation.gov.uk/uksi/2009/470/regulation/4), [31(2)](https://www.legislation.gov.uk/uksi/2009/470/regulation/31/2); [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z61](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z61) (as inserted by [S.I. 2009/2036](https://www.legislation.gov.uk/uksi/2009/2036), [reg. 24](https://www.legislation.gov.uk/uksi/2009/2036/regulation/24)); [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1/2), [4](https://www.legislation.gov.uk/uksi/2009/2971/regulation/4); [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1), [16(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/16/2), [94](https://www.legislation.gov.uk/uksi/2009/3001/regulation/94) (with [Sch. 1](https://www.legislation.gov.uk/uksi/2009/3001/schedule/1)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 128](https://www.legislation.gov.uk/ukpga/2010/4/section/128), [620](https://www.legislation.gov.uk/ukpga/2010/4/section/620), [624](https://www.legislation.gov.uk/ukpga/2010/4/section/624), [625](https://www.legislation.gov.uk/ukpga/2010/4/section/625), [778](https://www.legislation.gov.uk/ukpga/2010/4/section/778), [784](https://www.legislation.gov.uk/ukpga/2010/4/section/784), [786](https://www.legislation.gov.uk/ukpga/2010/4/section/786), [876](https://www.legislation.gov.uk/ukpga/2010/4/section/876), [950(5)](https://www.legislation.gov.uk/ukpga/2010/4/section/950/5), [996(1)(2)](https://www.legislation.gov.uk/ukpga/2010/4/section/996/1/2), [1070](https://www.legislation.gov.uk/ukpga/2010/4/section/1070), [1071](https://www.legislation.gov.uk/ukpga/2010/4/section/1071), [1166](https://www.legislation.gov.uk/ukpga/2010/4/section/1166) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2)); [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 79(2)](https://www.legislation.gov.uk/ukpga/2010/8/section/79/2), [192](https://www.legislation.gov.uk/ukpga/2010/8/section/192), [220](https://www.legislation.gov.uk/ukpga/2010/8/section/220) (with [ss. 213](https://www.legislation.gov.uk/ukpga/2010/8/section/213), [214](https://www.legislation.gov.uk/ukpga/2010/8/section/214), [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1)); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 809CZB(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/809CZB/2) (as inserted by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 5 para. 7](https://www.legislation.gov.uk/ukpga/2010/8/schedule/5/paragraph/7) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1))); [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 53(5)(7)-(10)](https://www.legislation.gov.uk/ukpga/2011/11/section/53/5/7), [Sch. 2 paras. 53(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/53/4), [54(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/54/6); [The Taxation of Equitable Life (Payments) Order 2011 (S.I. 2011/1502)](https://www.legislation.gov.uk/uksi/2011/1502), [arts. 1](https://www.legislation.gov.uk/uksi/2011/1502/article/1), [3](https://www.legislation.gov.uk/uksi/2011/1502/article/3); [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [ss. 69(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/69/b), [71(3)](https://www.legislation.gov.uk/ukpga/2012/14/section/71/3), [72](https://www.legislation.gov.uk/ukpga/2012/14/section/72), [142(1)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/142/1/b), [143(1)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/143/1/b), [144(1)](https://www.legislation.gov.uk/ukpga/2012/14/section/144/1), [148](https://www.legislation.gov.uk/ukpga/2012/14/section/148), [151](https://www.legislation.gov.uk/ukpga/2012/14/section/151), [152](https://www.legislation.gov.uk/ukpga/2012/14/section/152), [158(5)](https://www.legislation.gov.uk/ukpga/2012/14/section/158/5), [166(5)(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/166/5/6), [167(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/167/4) (with [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 793(8)](https://www.legislation.gov.uk/ukpga/2010/4/section/793/8), [812(5A)](https://www.legislation.gov.uk/ukpga/2010/4/section/812/5A) (as inserted by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 22(2)-(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/22/2)); [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 371SO(2)](https://www.legislation.gov.uk/ukpga/2010/8/section/371SO/2) (as inserted by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 20 para. 1](https://www.legislation.gov.uk/ukpga/2012/14/schedule/20/paragraph/1)); [Small Charitable Donations Act 2012 (c. 23)](https://www.legislation.gov.uk/ukpga/2012/23), [ss. 15](https://www.legislation.gov.uk/ukpga/2012/23/section/15), [21(1)](https://www.legislation.gov.uk/ukpga/2012/23/section/21/1); [The Bank Levy (Double Taxation Relief) Regulations 2012 (S.I. 2012/458)](https://www.legislation.gov.uk/uksi/2012/458), [regs. 1](https://www.legislation.gov.uk/uksi/2012/458/regulation/1), [13](https://www.legislation.gov.uk/uksi/2012/458/regulation/13); [The Bank Levy (Double Taxation Arrangements) (Federal Republic of Germany) Regulations 2012 (S.I. 2012/459)](https://www.legislation.gov.uk/uksi/2012/459), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2012/459/regulation/1/1/2), [11](https://www.legislation.gov.uk/uksi/2012/459/regulation/11); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Pt. 11ZA](https://www.legislation.gov.uk/ukpga/2007/3/part/11ZA) (ss. 614ZA-614ZD) (as inserted by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 1](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/1), [51](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/51)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Pt. 17A](https://www.legislation.gov.uk/ukpga/2010/4/part/17A) (ss. 814A-814D) (as inserted by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 2](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/2), [51](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/51)); [The Taxation of Regulatory Capital Securities Regulations 2013 (S.I. 2013/3209)](https://www.legislation.gov.uk/uksi/2013/3209), [regs. 1](https://www.legislation.gov.uk/uksi/2013/3209/regulation/1), [3](https://www.legislation.gov.uk/uksi/2013/3209/regulation/3) (with [reg. 8](https://www.legislation.gov.uk/uksi/2013/3209/regulation/8)); [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 223(8)(9)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/223/8/9/a); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 490(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/490/2) (as substituted by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 27(3)(7)-(9)](https://www.legislation.gov.uk/ukpga/2014/26/section/27/3/7)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 329N(2)](https://www.legislation.gov.uk/ukpga/2010/4/section/329N/2) (as inserted by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 14 paras. 1](https://www.legislation.gov.uk/ukpga/2014/26/schedule/14/paragraph/1), [4](https://www.legislation.gov.uk/ukpga/2014/26/schedule/14/paragraph/4)); [Social Security Contributions and Benefits Act 1992 (c. 4)](https://www.legislation.gov.uk/ukpga/1992/4), [s. 11A(1)(3)](https://www.legislation.gov.uk/ukpga/1992/4/section/11A/1/3) (as inserted by [National Insurance Contributions Act 2015 (c. 5)](https://www.legislation.gov.uk/ukpga/2015/5), [Sch. 1 paras. 3](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/3), [35](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/35)); [Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)](https://www.legislation.gov.uk/ukpga/1992/7), [s. 11A(1)(3)](https://www.legislation.gov.uk/ukpga/1992/7/section/11A/1/3) (as inserted by [National Insurance Contributions Act 2015 (c. 5)](https://www.legislation.gov.uk/ukpga/2015/5), [Sch. 1 paras. 12](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/12), [35](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/35)); [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [ss. 99(2)](https://www.legislation.gov.uk/ukpga/2015/11/section/99/2), [116](https://www.legislation.gov.uk/ukpga/2015/11/section/116); [Taxes Management Act 1970 (c. 9)](https://www.legislation.gov.uk/ukpga/1970/9), [ss. 12ZH](https://www.legislation.gov.uk/ukpga/1970/9/section/12ZH), [12ZI](https://www.legislation.gov.uk/ukpga/1970/9/section/12ZI), [59AB](https://www.legislation.gov.uk/ukpga/1970/9/section/59AB) (as inserted by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 paras. 43](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/43), [51](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/51), [60](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/60)); [The Education (Postgraduate Master?s Degree Loans) Regulations 2016 (S.I. 2016/606)](https://www.legislation.gov.uk/uksi/2016/606), [regs. 1](https://www.legislation.gov.uk/uksi/2016/606/regulation/1), [67(1)](https://www.legislation.gov.uk/uksi/2016/606/regulation/67/1); [The Bank Levy (Double Taxation Relief) (Single Resolution Fund Levy) Regulations 2016 (S.I. 2016/1212)](https://www.legislation.gov.uk/uksi/2016/1212), [regs. 1](https://www.legislation.gov.uk/uksi/2016/1212/regulation/1), [16](https://www.legislation.gov.uk/uksi/2016/1212/regulation/16); [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 61R](https://www.legislation.gov.uk/ukpga/2003/1/section/61R) (as inserted by [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [Sch. 1 paras. 9](https://www.legislation.gov.uk/ukpga/2017/10/schedule/1/paragraph/9), [16](https://www.legislation.gov.uk/ukpga/2017/10/schedule/1/paragraph/16)); [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [ss. 124A(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/124A/6), [124B(7)](https://www.legislation.gov.uk/ukpga/2012/14/section/124B/7), [124C(7)](https://www.legislation.gov.uk/ukpga/2012/14/section/124C/7) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 4 paras. 26](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/26), [190-192](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/190)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 303B(5)](https://www.legislation.gov.uk/ukpga/2010/4/section/303B/5), [303C(7)](https://www.legislation.gov.uk/ukpga/2010/4/section/303C/7), [303D(6)](https://www.legislation.gov.uk/ukpga/2010/4/section/303D/6), [321(2A)](https://www.legislation.gov.uk/ukpga/2010/4/section/321/2A) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 4 paras. 48](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/48), [52(3)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/52/3), [190-192](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/190)); [Taxes Management Act 1970 (c. 9)](https://www.legislation.gov.uk/ukpga/1970/9), [ss. 28A(8)](https://www.legislation.gov.uk/ukpga/1970/9/section/28A/8), [28B(9)](https://www.legislation.gov.uk/ukpga/1970/9/section/28B/9) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 paras. 12(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/12/6), [13(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/13/6), [44](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/44)); [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 18 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/32/4) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 paras. 28(4)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/28/4), [44](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/44)) [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 3 paras. 7, 9,](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/9)[12](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/13); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 420A(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/420A/2) (as inserted by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 20 paras. 2](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/2), [10(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/10/a), [16](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/16)); [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 270HE](https://www.legislation.gov.uk/ukpga/2001/2/section/270HE) (as inserted by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [2](https://www.legislation.gov.uk/uksi/2019/1087/regulation/2)
[^c21566901]: Act (except ss. 201 and 684) amended (1.1.1992) by [S.I. 1991/2684](https://www.legislation.gov.uk/uksi/1991/2684), [arts. 2](https://www.legislation.gov.uk/uksi/1991/2684/article/2), [4](https://www.legislation.gov.uk/uksi/1991/2684/article/4),Sch. 1
[^c22719381]: Act: [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [Sch. 4 Pt. 1](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/part/1) to be construed as one with this Act (19.9.1994) by virtue of ss. 21, 68(4) of, and Sch. 4 para. 1(2) to, that Act); [S.I. 1999/2189](https://www.legislation.gov.uk/uksi/1999/2189), [art. 2](https://www.legislation.gov.uk/uksi/1999/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1999/2189/schedule)
[^c23369051]: Act modified (17.9.2004 with effect in accordance with reg. 1 of the modifying S.I.) by [The Overseas Life Insurance Companies Regulations 2004 (S.I. 2004/2200)](https://www.legislation.gov.uk/uksi/2004/2200), [regs. 3](https://www.legislation.gov.uk/uksi/2004/2200/regulation/3), [4](https://www.legislation.gov.uk/uksi/2004/2200/regulation/4)
[^c23369081]: Act modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 7](https://www.legislation.gov.uk/uksi/2005/2014/regulation/7)
[^c23369091]: Act modified (1.4.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 94](https://www.legislation.gov.uk/uksi/2006/964/regulation/94) (as amended by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(2)(4)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/2/4), [28](https://www.legislation.gov.uk/uksi/2008/3159/regulation/28))
[^c23369101]: Act modified (31.12.2006 with effect in accordance with reg. 1 of the modifying S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3271/regulation/1), [3-18](https://www.legislation.gov.uk/uksi/2006/3271/regulation/3) (as amended by: [S.I. 2007/2146](https://www.legislation.gov.uk/uksi/2007/2146), [regs. 1](https://www.legislation.gov.uk/uksi/2007/2146/regulation/1), [3-13](https://www.legislation.gov.uk/uksi/2007/2146/regulation/3); [S.I. 2007/3449](https://www.legislation.gov.uk/uksi/2007/3449), [regs. 1](https://www.legislation.gov.uk/uksi/2007/3449/regulation/1), [3-6](https://www.legislation.gov.uk/uksi/2007/3449/regulation/3); [S.I. 2008/1924](https://www.legislation.gov.uk/uksi/2008/1924), [regs. 1](https://www.legislation.gov.uk/uksi/2008/1924/regulation/1), [3-12](https://www.legislation.gov.uk/uksi/2008/1924/regulation/3))
[^c23369111]: Act modified (12.12.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [reg. 15](https://www.legislation.gov.uk/uksi/2006/3296/regulation/15) (as amended by [S.I. 2018/143](https://www.legislation.gov.uk/uksi/2018/143), [regs. 1](https://www.legislation.gov.uk/uksi/2018/143/regulation/1), [10(1)](https://www.legislation.gov.uk/uksi/2018/143/regulation/10/1))
[^c23369121]: Act modified (with effect in accordance with Sch. 4 para. 2(2)-(4) of the modifying Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/4/paragraph/3)
[^c23369131]: Act modified (14.8.2007 with effect in accordance with reg. 1(2)(3) of the modifying S.I.) by [The Insurance Companies (Tax Exempt Business) Regulations 2007 (S.I. 2007/2145)](https://www.legislation.gov.uk/uksi/2007/2145), [regs. 3-12](https://www.legislation.gov.uk/uksi/2007/2145/regulation/3)
[^c23369141]: Act modified (21.2.2009) by [The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317)](https://www.legislation.gov.uk/uksi/2009/317), [art. 3](https://www.legislation.gov.uk/uksi/2009/317/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2009/317/schedule)
[^c23376051]: Act applied (1.4.2010 with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 853](https://www.legislation.gov.uk/ukpga/2010/4/section/853)
[^c23376061]: Act amended by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 8 para. 8(2)(4)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/8/paragraph/8/2/4)
[^c23376071]: Act amended (2006-07) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 14 para. 3(5)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/3/5)
[^c23376081]: Act applied (with modifications) (1.10.2010) by [The Employment and Support Allowance (Transitional Provisions, Housing Benefit and Council Tax Benefit) (Existing Awards) (No. 2) Regulations 2010 (S.I. 2010/1907)](https://www.legislation.gov.uk/uksi/2010/1907), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2010/1907/regulation/1/2), [16(2)(c)](https://www.legislation.gov.uk/uksi/2010/1907/regulation/16/2/c), [Sch. 2](https://www.legislation.gov.uk/uksi/2010/1907/schedule/2)
[^c23376091]: Act amended by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 15 para. 17(4)(5)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/15/paragraph/17/4/5)
[^c23333701]: Words in [s. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21819211]: [S. 5](https://www.legislation.gov.uk/ukpga/1988/1/section/5) repealed (with effect in accordance with s. 199(2) and Sch. 26 Pt. 5(23) Note 2 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21825951]: [S. 1A](https://www.legislation.gov.uk/ukpga/1988/1/section/1A) inserted (with effect in accordance with [s. 73(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/1)
[^c21825991]: [S. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) inserted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/5)
[^c23333851]: [S. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 6](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568351]: [S. 8A](https://www.legislation.gov.uk/ukpga/1988/1/section/8A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 206(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/206/2)
[^c21856731]: [S. 8A](https://www.legislation.gov.uk/ukpga/1988/1/section/8A) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 138](https://www.legislation.gov.uk/ukpga/1996/8/section/138), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 24 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/10), [Sch. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41)
[^c23333181]: [S. 9](https://www.legislation.gov.uk/ukpga/1988/1/section/9) restricted (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 881](https://www.legislation.gov.uk/ukpga/2005/5/section/881), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333911]: [S. 9(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21797811]: [S. 10](https://www.legislation.gov.uk/ukpga/1988/1/section/10) repealed (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Part 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 4; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23332881]: [S. 11(1)-(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/1) substituted for s. 11(1)(2) (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/1)
[^c21797551]: [S. 12(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5A) inserted (with effect as mentioned in [Sch. 4 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/4/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/3)
[^c23332941]: [S. 12(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5B) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/3)
[^c23332981]: [S. 12(7ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7ZA) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/5)
[^c21568561]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.48](https://www.legislation.gov.uk/ukpga/1990/29/section/48), [Sch.9 para.3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/3) (in relation to transfers of business on or after 1.11.1990)
[^c21797651]: [S. 12(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7B) inserted (with effect in accordance with art. 14(4) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 14(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/14/3)
[^c23334011]: [S. 12(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7C) inserted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/3)
[^c23332901]: [S. 11AA](https://www.legislation.gov.uk/ukpga/1988/1/section/11AA) inserted (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/2)
[^c21568801]: [S. 13A](https://www.legislation.gov.uk/ukpga/1988/1/section/13A) inserted (in relation to accounting periods beginning after 31 March 1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 105(2)(3)](https://www.legislation.gov.uk/ukpga/1989/26/section/105/2/3)
[^c21827251]: [S. 13ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/13ZA) inserted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/5)
[^c21827181]: [S. 13AA](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA) inserted (with effect in accordance with [s. 28(6)(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/6/7) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/1)
[^c23333081]: [S. 13AB](https://www.legislation.gov.uk/ukpga/1988/1/section/13AB) inserted (with effect in accordance with [s. 28(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 28(1)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/1/6)
[^c21569071]: [S. 16](https://www.legislation.gov.uk/ukpga/1988/1/section/16) repealed (with effect from 6.4.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s.148, Sch.14 Pt. V
[^c22720791]: [S. 17](https://www.legislation.gov.uk/ukpga/1988/1/section/17) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/3), [Sch. 41 Pt. V(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/2), Note (with Sch. 7 paras. 33-35)
[^c23332861]: [S. 19](https://www.legislation.gov.uk/ukpga/1988/1/section/19) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/6), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23334161]: [S. 20](https://www.legislation.gov.uk/ukpga/1988/1/section/20) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 10](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/10), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21856511]: [Ss. 21-21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) for s. 21 by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/4) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c23348301]: [S. 21](https://www.legislation.gov.uk/ukpga/1988/1/section/21) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 11](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/11), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21821321]: [S. 22](https://www.legislation.gov.uk/ukpga/1988/1/section/22) repealed (with effect in accordance with s. 39(4)(5) and Sch. 29 Pt. 8(1) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/3), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c21821331]: [S. 23](https://www.legislation.gov.uk/ukpga/1988/1/section/23) repealed (with effect in accordance with s. 39(4)(5) and Sch. 29 Pt. 8(1) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/3), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c21856541]: [Ss. 21-21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) for s. 21 by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/4) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c21856581]: [S. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/5) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c21802491]: [S. 25](https://www.legislation.gov.uk/ukpga/1988/1/section/25) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/a); and s. 25 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/6), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 68, 73)
[^c21794351]: [S. 26](https://www.legislation.gov.uk/ukpga/1988/1/section/26) repealed (with effect as mentioned in s. 39 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/5), Note
[^c21797681]: [S. 27](https://www.legislation.gov.uk/ukpga/1988/1/section/27) repealed (with effect as mentioned in s. 39 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/5), Note
[^c21802381]: [S. 28](https://www.legislation.gov.uk/ukpga/1988/1/section/28) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/a); and s. 28 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 9](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/9), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21802421]: [S. 29](https://www.legislation.gov.uk/ukpga/1988/1/section/29) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/b); and s. 29 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/10), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21802561]: [S. 31](https://www.legislation.gov.uk/ukpga/1988/1/section/31) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(c)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/c); and s. 31 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/12), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 68, 73)
[^c23348321]: [S. 31A](https://www.legislation.gov.uk/ukpga/1988/1/section/31A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 16](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/16), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348341]: [S. 31B](https://www.legislation.gov.uk/ukpga/1988/1/section/31B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 16](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/16), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21859681]: [S. 32](https://www.legislation.gov.uk/ukpga/1988/1/section/32) repealed (with effect as mentioned in Sch. 15 para. 9(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [ss. 85](https://www.legislation.gov.uk/ukpga/1997/16/section/85), [113](https://www.legislation.gov.uk/ukpga/1997/16/section/113), [Sch. 15 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/1), [Sch. 18 Pt. 06(11)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/06/11), Note
[^c21805361]: [S. 33](https://www.legislation.gov.uk/ukpga/1988/1/section/33) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(d)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/d); and s. 33 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 13](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/13), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23351661]: [Ss. 31ZA-31ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/31ZA) inserted (with effect in accordance with [s. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/17/1); [S.I. 2008/1521](https://www.legislation.gov.uk/uksi/2008/1521), [art. 2](https://www.legislation.gov.uk/uksi/2008/1521/article/2)
[^c23348211]: [Ss. 31A](https://www.legislation.gov.uk/ukpga/1988/1/section/31A), [31B](https://www.legislation.gov.uk/ukpga/1988/1/section/31B) inserted (with effect in accordance with [s. 143(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/143/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 143(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/143/1)
[^c21569941]: [S. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21856701]: [S. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(e)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/e); and s. 33A repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/14), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21569951]: [S. 33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21856711]: [S. 33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(e)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/e); and s. 33B repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/14), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21569931]: [Ss. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A), [33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21794741]: [S. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/2), (with Sch. 5 para. 73)
[^c21797751]: [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35): word in sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805391]: [S. 36](https://www.legislation.gov.uk/ukpga/1988/1/section/36): word in sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23350011]: [S. 37A](https://www.legislation.gov.uk/ukpga/1988/1/section/37A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 21](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/21) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21812971]: [S. 41](https://www.legislation.gov.uk/ukpga/1988/1/section/41) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(g)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/g); and s. 41 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 21](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/21), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23350231]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42): words in sidenote inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23367571]: [S. 43](https://www.legislation.gov.uk/ukpga/1988/1/section/43) repealed (with effect in accordance with s. 40(3) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 40(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/40/3), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16), Note 1
[^c22720821]: Cross-heading before s. 40 substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 19](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/19), (with Sch. 5 para. 73)
[^c21853711]: [S. 42A](https://www.legislation.gov.uk/ukpga/1988/1/section/42A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 40(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/40/1)
[^c21858801]: [Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/2) heading substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/3) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21821821]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) and cross-heading inserted (with effect in accordance with [s. 110(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/110/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s.110(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/110/1)
[^c21820321]: [S. 44](https://www.legislation.gov.uk/ukpga/1988/1/section/44) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/7), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21820341]: [S. 45](https://www.legislation.gov.uk/ukpga/1988/1/section/45) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/8), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21820351]: [S. 47](https://www.legislation.gov.uk/ukpga/1988/1/section/47) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 154(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/7), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 28 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/1), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note (with s. 154(2)-(6))
[^c21820361]: [S. 48](https://www.legislation.gov.uk/ukpga/1988/1/section/48) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/9), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23353441]: [S. 49(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/1) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(a)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/a) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353461]: Words in [s. 49(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/2) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(b)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/b) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21825931]: [S. 49(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/3) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/10) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23353481]: [S. 49(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/4) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(c)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/c) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21821591]: [S. 51A](https://www.legislation.gov.uk/ukpga/1988/1/section/51A) repealed (with effect in accordance with s. 37(8) and Sch. 8 Pt. 2(13) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 37(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/5), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/13)
[^c22720841]: [S. 51B](https://www.legislation.gov.uk/ukpga/1988/1/section/51B) repealed (with effect in accordance with s. 37(3) of the repealing Act and [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619)) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 37(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/3), Note
[^c21853451]: [S. 52](https://www.legislation.gov.uk/ukpga/1988/1/section/52) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/12), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21821761]: [S. 51AA](https://www.legislation.gov.uk/ukpga/1988/1/section/51AA) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 155](https://www.legislation.gov.uk/ukpga/1996/8/section/155)
[^c21821341]: [S. 51A](https://www.legislation.gov.uk/ukpga/1988/1/section/51A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 77](https://www.legislation.gov.uk/ukpga/1995/4/section/77)
[^c21821641]: [S. 51B](https://www.legislation.gov.uk/ukpga/1988/1/section/51B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/78/1)
[^c21858881]: [Pt. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/3) heading substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/32) of the amending Act) by Finance Act 1996, s. 79, Sch. 7 para. 6 (with Sch. 7 paras. 33-35)
[^c21570721]: [S. 54](https://www.legislation.gov.uk/ukpga/1988/1/section/54) repealed (15.3.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 5](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/5), Note 2
[^c21570891]: SOURCE-1973 s. 26(1)
[^c21570901]: SOURCE-1974 s. 30(1)
[^c23354491]: [S. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) modified (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458](https://www.legislation.gov.uk/ukpga/2002/29/section/458), [Sch. 10 para. 6](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/6) (with [Sch. 10 para. 10](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/10)); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3-7](https://www.legislation.gov.uk/uksi/2003/120/article/3) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21570921]: SOURCE-1973 s. 26(1); 1974 s. 30(1)
[^c23358071]: Word in [s. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570931]: SOURCE-1973 s. 26(1)(a)(b); 1975 (No. 2) s. 50(1)
[^c23358131]: Words in [s. 56(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358171]: Word in [s. 56(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570941]: [S. 56(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/2)
[^c21861011]: [S. 56(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3A) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 141](https://www.legislation.gov.uk/ukpga/2002/23/section/141), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c21833011]: [S. 56(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/4A/4B) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 104](https://www.legislation.gov.uk/ukpga/1996/8/section/104), [Sch. 14 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/6) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21570961]: SOURCE-1973 s. 26(4); 1974 s. 30(2), (1); 1968 s. 55(3); 1979(C) Sch. 7
[^c21570971]: Words in [s. 56(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/3) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21570981]: [S. 56A](https://www.legislation.gov.uk/ukpga/1988/1/section/56A) inserted (with application in relation to arrangements made after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6).
[^c21833031]: [S. 57](https://www.legislation.gov.uk/ukpga/1988/1/section/57) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c23354511]: [S. 58](https://www.legislation.gov.uk/ukpga/1988/1/section/58) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 8](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/8), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23358211]: [S. 59(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/1/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358261]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358281]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358291]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358301]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358311]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358321]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21825631]: [S. 62A](https://www.legislation.gov.uk/ukpga/1988/1/section/62A) inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 203](https://www.legislation.gov.uk/ukpga/1994/9/section/203) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c21825691]: [S. 63A](https://www.legislation.gov.uk/ukpga/1988/1/section/63A) inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 205](https://www.legislation.gov.uk/ukpga/1994/9/section/205) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c23358331]: [S. 64](https://www.legislation.gov.uk/ukpga/1988/1/section/64) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 37](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/37), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358341]: [S. 65](https://www.legislation.gov.uk/ukpga/1988/1/section/65) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/38), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358351]: [S. 65A](https://www.legislation.gov.uk/ukpga/1988/1/section/65A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/39), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21825861]: [S. 66](https://www.legislation.gov.uk/ukpga/1988/1/section/66) repealed (with effect in accordance with s. 218(1) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 207(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/207/4), [258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20)
[^c21825871]: [S. 67](https://www.legislation.gov.uk/ukpga/1988/1/section/67) repealed (with effect in accordance with s. 218(1) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 207(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/207/4), [258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20)
[^c23358361]: [S. 68](https://www.legislation.gov.uk/ukpga/1988/1/section/68) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/40), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358371]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358381]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358391]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827571]: [S. 65A](https://www.legislation.gov.uk/ukpga/1988/1/section/65A) inserted (with effect in accordance with [s. 41(5)-(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/2)
[^c23354551]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/10) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23358421]: [S. 69](https://www.legislation.gov.uk/ukpga/1988/1/section/69) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/42), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853521]: [S. 70A](https://www.legislation.gov.uk/ukpga/1988/1/section/70A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/25) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23358431]: [S. 71](https://www.legislation.gov.uk/ukpga/1988/1/section/71) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/43), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827631]: [S. 73](https://www.legislation.gov.uk/ukpga/1988/1/section/73) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 115(09)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/09), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c23356451]: [S. 75A](https://www.legislation.gov.uk/ukpga/1988/1/section/75A) inserted (with effect in accordance with ss. 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 39](https://www.legislation.gov.uk/ukpga/2004/12/section/39)
[^c23356471]: [S. 75B](https://www.legislation.gov.uk/ukpga/1988/1/section/75B) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 45(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/1) (with [s. 45(2)(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/2/3))
[^c23393711]: [S. 76ZD](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZD) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 34](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/34) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393731]: [S. 76ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZE) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 35](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/35) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393751]: [S. 76ZG](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZG) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 37](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/37) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393771]: [S. 76ZH](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZH) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/38) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393791]: [S. 76ZI](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZI) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/39) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393811]: [S. 76ZJ](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZJ) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/40) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393831]: [S. 76ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZM) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/43) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418101]: [S. 76ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZN) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/44) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23404441]: [S. 76ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZO) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 45](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/45) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21848981]: [S. 95](https://www.legislation.gov.uk/ukpga/1988/1/section/95) sidenote substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(9)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/9)
[^c23385091]: [S. 95ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/95ZA) inserted (with effect in accordance with [Sch. 17 para. 16(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/16/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 17 para. 16(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/16/1)
[^c23358691]: [S. 95A](https://www.legislation.gov.uk/ukpga/1988/1/section/95A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 75](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/75), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358711]: [S. 96](https://www.legislation.gov.uk/ukpga/1988/1/section/96) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 76](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/76), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853681]: [S. 98](https://www.legislation.gov.uk/ukpga/1988/1/section/98) substituted (17.3.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 41(1)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/1/3) (with [s. 41(4)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/4))
[^c21860731]: [S. 95A](https://www.legislation.gov.uk/ukpga/1988/1/section/95A) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 71(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/71/1)
[^c23393581]: [S. 76ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZA) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 31](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/31) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393601]: [S. 76ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZB) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 32](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/32) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393621]: [S. 76ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZC) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 33](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/33) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393641]: [S. 76ZF](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZF) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/36) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418091]: [S. 76ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZK) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/41) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393691]: [S. 76ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZL) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/42) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21853821]: Words in [s. 104](https://www.legislation.gov.uk/ukpga/1988/1/section/104) sidenote repealed (with effect in accordance with Sch. 27 Pt. 3(6) Note of the repealing act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23359051]: [S. 107](https://www.legislation.gov.uk/ukpga/1988/1/section/107) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 86](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/86), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359071]: [S. 108](https://www.legislation.gov.uk/ukpga/1988/1/section/108) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 87](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/87), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359081]: [S. 109](https://www.legislation.gov.uk/ukpga/1988/1/section/109) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 88](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/88), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359171]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/91), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23423311]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/91), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852201]: Words in [Pt. 4 Ch. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/6) heading repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c21829351]: [S. 109A](https://www.legislation.gov.uk/ukpga/1988/1/section/109A) and preceding cross-heading inserted (with effect in accordance with [s. 90(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/1)
[^c21829571]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading inserted (with effect in accordance with [s. 124(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/124/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 124(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/124/1)
[^c21821431]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) substituted (with effect in accordance with s. 215(4)(5) of the 1994 amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/1) (as amended (retrospectively) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 117(1)(a)(2)(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/117/1/a/2/4)) (with Sch. 20)
[^c23359181]: [S. 111(2)-(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/111/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 92(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/92/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359311]: [S. 112](https://www.legislation.gov.uk/ukpga/1988/1/section/112) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 93](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/93), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359331]: [S. 113](https://www.legislation.gov.uk/ukpga/1988/1/section/113) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 94](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/94), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860551]: [Ss. 118ZA-118ZD](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) and preceding cross-heading inserted (6.4.2001) by [Limited Liability Partnerships Act 2000 (c. 12)](https://www.legislation.gov.uk/ukpga/2000/12), [ss. 10(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/10/1), [19(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/19/1); [S.I. 2000/3316](https://www.legislation.gov.uk/uksi/2000/3316), [art. 2](https://www.legislation.gov.uk/uksi/2000/3316/article/2)
[^c23356701]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) and preceding cross-heading inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/1)
[^c23356721]: [Ss. 118ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL), [118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) and preceding cross-heading inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 125](https://www.legislation.gov.uk/ukpga/2004/12/section/125)
[^c23357871]: [Ss. 118ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZN), [118ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZO) and preceding cross-heading inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(1)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/1/5)
[^c23472581]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472601]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472611]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472621]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472631]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472641]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472651]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472661]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472671]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472681]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472691]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472701]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c21835151]: [S. 123](https://www.legislation.gov.uk/ukpga/1988/1/section/123) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/13), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21858771]: [S. 124](https://www.legislation.gov.uk/ukpga/1988/1/section/124) repealed (with effect in accordance with s. 111(6)(b) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/2), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 2
[^c23357911]: [S. 125](https://www.legislation.gov.uk/ukpga/1988/1/section/125) title substituted (retrospective to 2.12.2004) by virtue of [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/3)
[^c21846551]: [Ss. 126](https://www.legislation.gov.uk/ukpga/1988/1/section/126), [126A](https://www.legislation.gov.uk/ukpga/1988/1/section/126A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(3), Note
[^c21846561]: [Ss. 126](https://www.legislation.gov.uk/ukpga/1988/1/section/126), [126A](https://www.legislation.gov.uk/ukpga/1988/1/section/126A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(3), Note
[^c23359451]: [S. 127](https://www.legislation.gov.uk/ukpga/1988/1/section/127) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 108](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/108), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359471]: [S. 127A](https://www.legislation.gov.uk/ukpga/1988/1/section/127A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 109](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/109), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359481]: [S. 128(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/128/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/110), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21861331]: [S. 128(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/128/2) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21847681]: [Ss. 129](https://www.legislation.gov.uk/ukpga/1988/1/section/129), [129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) repealed (with effect in accordance with Sch. 10 para. 7(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21847691]: [Ss. 129](https://www.legislation.gov.uk/ukpga/1988/1/section/129), [129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) repealed (with effect in accordance with Sch. 10 para. 7(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21847701]: Word in [s. 129B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/3) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/2/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21847721]: [S. 129B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/4) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/2/2); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21574461]: Source—1970 s.304(5); 1980 Sch.11
[^c23356741]: [S. 130](https://www.legislation.gov.uk/ukpga/1988/1/section/130): definition of "company with investment business" inserted (with effect in accordance with ss. 38(5), 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/3)
[^c21574471]: [1985 c. 58](https://www.legislation.gov.uk/ukpga/1985/58).
[^c21847621]: [S. 127A](https://www.legislation.gov.uk/ukpga/1988/1/section/127A) inserted (with effect in accordance with [s. 80(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/1)
[^c21832811]: [S. 129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) inserted (with application in accordance with [s. 85(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/1)
[^c21846631]: [S. 129B](https://www.legislation.gov.uk/ukpga/1988/1/section/129B) inserted (with effect in accordance with [s. 157(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/157/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 157(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/157/1)
[^c21832911]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 29 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/29/paragraph/1)
[^c23390551]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390571]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390581]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390591]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390601]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390611]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390621]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390711]: [S. 140](https://www.legislation.gov.uk/ukpga/1988/1/section/140) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 17](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/17), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390631]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390641]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390651]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390661]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390671]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390681]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390691]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390701]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22206561]: [Ss. 140A-140C](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) inserted (with application in accordance with [s. 50(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/50/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 50(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/50/1)
[^c22206591]: [Ss. 140D-140F](https://www.legislation.gov.uk/ukpga/1988/1/section/140D) inserted (with application in accordance with [s. 51(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/51/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 51(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/51/1)
[^c22206621]: [S. 140G](https://www.legislation.gov.uk/ukpga/1988/1/section/140G) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/52/1)
[^c22206641]: [S. 140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140H) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 53](https://www.legislation.gov.uk/ukpga/1998/36/section/53)
[^c23390721]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390731]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390741]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390751]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390761]: [S. 144A](https://www.legislation.gov.uk/ukpga/1988/1/section/144A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 20](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/20), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21880731]: [S. 144A](https://www.legislation.gov.uk/ukpga/1988/1/section/144A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 132](https://www.legislation.gov.uk/ukpga/1994/9/section/132)
[^c23390771]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390781]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390791]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390801]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22171441]: [S. 146A](https://www.legislation.gov.uk/ukpga/1988/1/section/146A) inserted (with application in accordance with [s. 106(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/106/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 106(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/106/2)
[^c23390821]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390831]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390841]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390861]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390851]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392071]: [S. 152](https://www.legislation.gov.uk/ukpga/1988/1/section/152) sidenote substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/23) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22198641]: [S. 151A](https://www.legislation.gov.uk/ukpga/1988/1/section/151A) inserted (2.9.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)(4)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2/4), [Sch. 2 para. 12](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/12); [S.I. 1996/2208](https://www.legislation.gov.uk/uksi/1996/2208), [art. 2(a)](https://www.legislation.gov.uk/uksi/1996/2208/article/2/a)
[^c23390871]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390891]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390901]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390911]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390921]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390931]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21576141]: [S. 155A](https://www.legislation.gov.uk/ukpga/1988/1/section/155A) inserted (1990-91 and subsequent years of assessment) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 21(1)(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/21/1/3)
[^c23390941]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390951]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390961]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390971]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390981]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390991]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391001]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577131]: [Ss. 159AA](https://www.legislation.gov.uk/ukpga/1988/1/section/159AA), [159AB](https://www.legislation.gov.uk/ukpga/1988/1/section/159AB) inserted after s. 159 (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/4), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23391011]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577141]: [Ss. 159AA](https://www.legislation.gov.uk/ukpga/1988/1/section/159AA), [159AB](https://www.legislation.gov.uk/ukpga/1988/1/section/159AB) inserted after s. 159 (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/4), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23391021]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577241]: [S. 159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/159AC) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 74(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/74/1/3)
[^c23391031]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23443291]: [S. 159A](https://www.legislation.gov.uk/ukpga/1988/1/section/159A) inserted (1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 30(2)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/30/2/3)
[^c22222721]: [S. 159A](https://www.legislation.gov.uk/ukpga/1988/1/section/159A) repealed (with effect in accordance with s. 44(6) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [ss. 44(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/2), [139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/9), Note
[^c23391051]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391061]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391071]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391081]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391091]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391101]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391111]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391121]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22226231]: [S. 155ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/155ZA) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/2/1)
[^c22226281]: [S. 155ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/155ZB) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 3(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/3/1)
[^c22222681]: [S. 155AA](https://www.legislation.gov.uk/ukpga/1988/1/section/155AA) inserted (with effect in accordance with [s. 44(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 44(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/1)
[^c22223051]: [S. 156A](https://www.legislation.gov.uk/ukpga/1988/1/section/156A) inserted (with application in accordance with [s. 45(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/45/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 45(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/45/1)
[^c21881581]: [S. 157A](https://www.legislation.gov.uk/ukpga/1988/1/section/157A) inserted (with effect in accordance with [s. 43(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/43/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 43(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/43/1)
[^c22226321]: [S. 161A](https://www.legislation.gov.uk/ukpga/1988/1/section/161A) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 4(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/4/1)
[^c22226401]: [S. 161B](https://www.legislation.gov.uk/ukpga/1988/1/section/161B) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/5/1)
[^c23391131]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391141]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391151]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578161]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391161]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391171]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391181]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578171]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391191]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578181]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391201]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578191]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391211]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578201]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391221]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578211]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391231]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578221]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391241]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21881681]: [S. 168AA](https://www.legislation.gov.uk/ukpga/1988/1/section/168AA) inserted (with effect in accordance with [s. 44(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/44/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 44(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/44/2)
[^c22208041]: [S. 168AB](https://www.legislation.gov.uk/ukpga/1988/1/section/168AB) inserted (with effect in accordance with [s. 60(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/60/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/60/3)
[^c21575751]: [Pt. 5 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/5/chapter/2) heading substituted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 53(2)(a)](https://www.legislation.gov.uk/ukpga/1989/26/section/53/2/a)
[^c22204861]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204871]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204891]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204901]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204921]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204931]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204941]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204951]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204961]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c21578611]: [Ss. 177A](https://www.legislation.gov.uk/ukpga/1988/1/section/177A), [177B](https://www.legislation.gov.uk/ukpga/1988/1/section/177B) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/3)
[^c22204971]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204981]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204991]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205011]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205021]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205031]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205041]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205061]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205071]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c23391251]: [S. 185](https://www.legislation.gov.uk/ukpga/1988/1/section/185) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 25](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/25), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22180871]: [S. 186](https://www.legislation.gov.uk/ukpga/1988/1/section/186) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 115(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/115/1), [116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c23392841]: [S. 186](https://www.legislation.gov.uk/ukpga/1988/1/section/186) continued (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579481]: Source—1978 s.53(1)
[^c22225891]: Words in [s. 186(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/1) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 49(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/49/3)
[^c21579491]: Source—1978 s.53(3)
[^c21579501]: Words in [s. 186(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/2/b) substituted (in respect of acquisitions of shares on or after 26.10.1987) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 89](https://www.legislation.gov.uk/ukpga/1988/39/section/89)
[^c21579511]: Source—1978 s.56(1); 1982 s.42(1)
[^c23392681]: Words in [s. 186(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(2)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/2/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392701]: Words in [s. 186(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/3) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(2)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/2/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579521]: Source—1978 s.55(1)
[^c23392781]: Words in [s. 186(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/3/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392801]: Words in [s. 186(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/4) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579531]: Source—1978 s.55(2)-(4)
[^c23392821]: Words in [s. 186(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/5/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579541]: Source—1978 s.55(5), (9)
[^c21579551]: Source—1978 s.55(7), (8)
[^c22194331]: [S. 186(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/10/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 11(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/11/a)
[^c22194351]: Words in [s. 186(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/10/c) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 11(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/11/b)
[^c21579561]: Source—1978 s.53(6)
[^c21579571]: Source—1978 s.56(6); 1980 s.46(6); 1982 s.42(2); 1985 s.45(4)
[^c22181271]: Words in [s. 186(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/12) substituted (with effect in accordance with [s. 118(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 118(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/1/a)
[^c22181311]: Words in [s. 186(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/12) substituted (with effect in accordance with [s. 118(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 118(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/1/b)
[^c22180881]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 115(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/115/1), [116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c22181531]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114](https://www.legislation.gov.uk/ukpga/1996/8/section/114), [Sch. 16 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/5/1)
[^c23450551]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) continued so far as relating to APS schemes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23450491]: [S. 187(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/1)(6)(7) repealed (except so far as relating to profit sharing schemes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 27](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/27), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579891]: Source—1978 ss.53(2), 54(2), (4)(b), 6, 56(1), 57(1), (4), 61(1), Sch.9 1, 16; 1980 s.46(4), Sch.10 5(b), 8, 26(1); 1982 s.40(8); 1983 s.25(1); 1984 Sch.10 15(1), (2); 1985 s.45(2)
[^c21579901]: Words in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(13)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/13) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22162681]: [S. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2): definition of "pensionable age" repealed (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [ss. 126](https://www.legislation.gov.uk/ukpga/1995/26/section/126), [177](https://www.legislation.gov.uk/ukpga/1995/26/section/177), [180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(a)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/a), [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/1995/26/schedule/7/part/2)
[^c22180981]: Word in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (with effect in accordance with [s. 116(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/1)
[^c21579931]: Words in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (for the year 1991-92 and subsequent years of assessment) by virtue of [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 41(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/41/1/2)
[^c21579941]: [S. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2): definition of "specified age" inserted by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/4)
[^c21579951]: Source—1970 s.285(6); 1978 Sch.9 11(3)(b); 1980 Sch.10 26(2); 1984 Sch.10 4(4)
[^c21579961]: Words in [s. 187(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/3) substituted (in relation to accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/9)
[^c21579981]: Source—1987 s.33(2)
[^c21579991]: Source—1978 s.61(4); 1983 s.25(2)
[^c21580001]: Source—1978 Sch.9 16; 1980 Sch.10 26(4); 1984 Sch.10 15(3)
[^c21580011]: Source—1978 Sch.9 17; 1980 Sch.10 26(5); 1984 Sch.10 15(4); 1986 s.23(5)
[^c21580021]: Source—1978 s.55(6)
[^c22181261]: [S. 187(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/8/b) and preceding word repealed (with effect in accordance with s. 117(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 117(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/117/2), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 1
[^c21580031]: Source—1978 s.61(2)
[^c21580041]: Source—1978 Sch.9 18; 1986 s.24(1)
[^c21580061]: [1969 c. 24](https://www.legislation.gov.uk/ukpga/1969/24). (N.I.).
[^c23391271]: [S. 187A](https://www.legislation.gov.uk/ukpga/1988/1/section/187A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22217541]: [S. 188](https://www.legislation.gov.uk/ukpga/1988/1/section/188) repealed (with application in accordance with s. 58(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/9), Note
[^c23391281]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391291]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391301]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580261]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391311]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580271]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391321]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580251]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391331]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391341]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391351]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391361]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391371]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391381]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391391]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580471]: [S. 197A](https://www.legislation.gov.uk/ukpga/1988/1/section/197A) inserted (1988-89 and subsequent years of assessment) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 46(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/46/4)
[^c23391401]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391411]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391421]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391431]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22210541]: [S. 192A](https://www.legislation.gov.uk/ukpga/1988/1/section/192A) inserted (with effect in accordance with [s. 63(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/2) (with [s. 63(6)(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/6/7))
[^c22223731]: [Ss. 197AA](https://www.legislation.gov.uk/ukpga/1988/1/section/197AA), [197AB](https://www.legislation.gov.uk/ukpga/1988/1/section/197AB) inserted (with effect in accordance with [s. 48(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/48/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 48(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/48/1)
[^c22223961]: [S. 197AC](https://www.legislation.gov.uk/ukpga/1988/1/section/197AC) inserted (with effect in accordance with [s. 50(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/50/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 50(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/50/1)
[^c23391441]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391451]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391461]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391471]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391481]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22246071]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246081]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246091]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246101]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246111]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c23451201]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) and preceding cross-heading inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 23](https://www.legislation.gov.uk/ukpga/1990/29/section/23), [Sch. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/4)
[^c23391541]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580511]: [S. 197G](https://www.legislation.gov.uk/ukpga/1988/1/section/197G) and preceding cross-heading inserted (27.7.1993 with application for the year 1993-94 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 75(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/75/1/2)
[^c23391551]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22217641]: [S. 198A](https://www.legislation.gov.uk/ukpga/1988/1/section/198A) repealed (with effect in accordance with Sch. 27 Pt. 3(10) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/10)
[^c23391561]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391571]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391581]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391591]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391601]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391611]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391621]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391631]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391641]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391651]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391661]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391671]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391681]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391691]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391701]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580621]: [S. 201A](https://www.legislation.gov.uk/ukpga/1988/1/section/201A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 77](https://www.legislation.gov.uk/ukpga/1990/29/section/77)
[^c23391711]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391721]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22201701]: [S. 198A](https://www.legislation.gov.uk/ukpga/1988/1/section/198A) inserted (with effect in accordance with [s. 62(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/62/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/62/2)
[^c22225281]: [S. 200ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/200ZA) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/1), [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/2/1)
[^c22172491]: [S. 200AA](https://www.legislation.gov.uk/ukpga/1988/1/section/200AA) inserted (with effect in accordance with [s. 108(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/108/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 108(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/108/1)
[^c21881991]: [S. 200A](https://www.legislation.gov.uk/ukpga/1988/1/section/200A) inserted (with effect in accordance with [s. 93(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/93/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 93(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/93/4)
[^c22202021]: [Ss. 200B-200D](https://www.legislation.gov.uk/ukpga/1988/1/section/200B) inserted (with application in accordance with [s. 63(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/63/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 63(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/63/1)
[^c22226151]: [Ss. 200E-200H](https://www.legislation.gov.uk/ukpga/1988/1/section/200E), [200J](https://www.legislation.gov.uk/ukpga/1988/1/section/200J) inserted (with application in accordance with [s. 58(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/58/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 58(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/58/1)
[^c21881771]: [S. 201AA](https://www.legislation.gov.uk/ukpga/1988/1/section/201AA) inserted (with effect in accordance with [s. 91(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/91/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/91/1)
[^c22225981]: [S. 187A](https://www.legislation.gov.uk/ukpga/1988/1/section/187A) and preceding cross-heading inserted (with application in accordance with [s. 56(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/56/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/56/1)
[^c22243601]: [Ss. 197AD-197AH](https://www.legislation.gov.uk/ukpga/1988/1/section/197AD) and preceding cross-heading inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/1)
[^c21580791]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 37](https://www.legislation.gov.uk/ukpga/1989/26/section/37)
[^c23391731]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 29](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/29), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391751]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 29](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/29), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391761]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21581021]: [S. 203A](https://www.legislation.gov.uk/ukpga/1988/1/section/203A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 37(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1989/26/section/37/2/4/5)
[^c23391771]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391781]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391791]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391801]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391811]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391821]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391831]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391841]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391851]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391861]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391871]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391881]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391891]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391901]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391911]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391921]: [Ss. 205](https://www.legislation.gov.uk/ukpga/1988/1/section/205), [206](https://www.legislation.gov.uk/ukpga/1988/1/section/206) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 31](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/31), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391931]: [Ss. 205](https://www.legislation.gov.uk/ukpga/1988/1/section/205), [206](https://www.legislation.gov.uk/ukpga/1988/1/section/206) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 31](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/31), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391941]: [S. 206A](https://www.legislation.gov.uk/ukpga/1988/1/section/206A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 32](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/32), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391951]: [S. 207](https://www.legislation.gov.uk/ukpga/1988/1/section/207) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 32](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/32), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21880581]: [S. 203B](https://www.legislation.gov.uk/ukpga/1988/1/section/203B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 125](https://www.legislation.gov.uk/ukpga/1994/9/section/125)
[^c21880611]: [Ss. 203C-203E](https://www.legislation.gov.uk/ukpga/1988/1/section/203C) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 126](https://www.legislation.gov.uk/ukpga/1994/9/section/126)
[^c21880631]: [S. 203F](https://www.legislation.gov.uk/ukpga/1988/1/section/203F) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 127](https://www.legislation.gov.uk/ukpga/1994/9/section/127)
[^c22212711]: [S. 203FA](https://www.legislation.gov.uk/ukpga/1988/1/section/203FA) inserted (with effect in accordance with [s. 66(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 66(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/1) (with [s. 66(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/3))
[^c22212731]: [S. 203FB](https://www.legislation.gov.uk/ukpga/1988/1/section/203FB) inserted (with effect in accordance with [s. 67(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/1) (with [s. 67(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/3))
[^c21880651]: [S. 203G](https://www.legislation.gov.uk/ukpga/1988/1/section/203G) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 128](https://www.legislation.gov.uk/ukpga/1994/9/section/128)
[^c21880671]: [S. 203H](https://www.legislation.gov.uk/ukpga/1988/1/section/203H) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 129](https://www.legislation.gov.uk/ukpga/1994/9/section/129)
[^c21880691]: [S. 203I](https://www.legislation.gov.uk/ukpga/1988/1/section/203I) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 130](https://www.legislation.gov.uk/ukpga/1994/9/section/130)
[^c21880711]: [Ss. 203J-203L](https://www.legislation.gov.uk/ukpga/1988/1/section/203J) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 131](https://www.legislation.gov.uk/ukpga/1994/9/section/131)
[^c22172581]: [S. 206A](https://www.legislation.gov.uk/ukpga/1988/1/section/206A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 110](https://www.legislation.gov.uk/ukpga/1996/8/section/110)
[^c21581121]: [S. 207A](https://www.legislation.gov.uk/ukpga/1988/1/section/207A) inserted (27.7.1993 with application in relation to the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 77(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/77/1/2/5)
[^c21891631]: [S. 207A](https://www.legislation.gov.uk/ukpga/1988/1/section/207A) repealed (with effect in accordance with s. 73 of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(1), Note 1
[^c23397491]: [Pt. 6 Chs. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/1): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)(d)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3/d)
[^c22735901]: [Ss. 209A](https://www.legislation.gov.uk/ukpga/1988/1/section/209A), [209B](https://www.legislation.gov.uk/ukpga/1988/1/section/209B) inserted (with effect in accordance with [s. 102(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 102(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/2)
[^c23396591]: [S. 213A](https://www.legislation.gov.uk/ukpga/1988/1/section/213A) inserted (29.11.2007 with effect in accordance with reg. 3(1) of the amending S.I. (as retrospectively amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1)) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 13](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/13)
[^c23396991]: [S. 230A](https://www.legislation.gov.uk/ukpga/1988/1/section/230A) and preceding cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/100) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c22732941]: [S. 231A](https://www.legislation.gov.uk/ukpga/1988/1/section/231A) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/8), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c23395321]: [S. 232](https://www.legislation.gov.uk/ukpga/1988/1/section/232) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 117](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/117), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395341]: [S. 233](https://www.legislation.gov.uk/ukpga/1988/1/section/233) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 118](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/118), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21582241]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) inserted (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/1/4).
[^c22736001]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22736011]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22736021]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c21892091]: [S. 231A](https://www.legislation.gov.uk/ukpga/1988/1/section/231A) inserted (with effect in accordance with [s. 19(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/19/3) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 19(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/19/2)
[^c22734831]: [S. 231AA](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA) inserted (with effect in accordance with [s. 102(9)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/9) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/1)
[^c22734851]: [S. 231AB](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB) inserted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/2)
[^c22732961]: [S. 231B](https://www.legislation.gov.uk/ukpga/1988/1/section/231B) inserted (with effect in accordance with [s. 28(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/28/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/28/1)
[^c22769611]: [S. 238](https://www.legislation.gov.uk/ukpga/1988/1/section/238) repealed (with effect in accordance with Sch. 3 para. 11(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/11/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769621]: [S. 239](https://www.legislation.gov.uk/ukpga/1988/1/section/239) repealed (with effect in accordance with Sch. 3 para. 12(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 12(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/12/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 12(3)-(6))
[^c22769631]: [S. 240](https://www.legislation.gov.uk/ukpga/1988/1/section/240) repealed (with effect in accordance with Sch. 3 para. 13(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/13/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769641]: [S. 241](https://www.legislation.gov.uk/ukpga/1988/1/section/241) repealed (with effect in accordance with Sch. 3 para. 14(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 14(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/14/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769691]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769701]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769711]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769651]: [S. 245](https://www.legislation.gov.uk/ukpga/1988/1/section/245) repealed (with effect in accordance with Sch. 3 para. 15(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 15(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/15/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583181]: [Ss. 245A](https://www.legislation.gov.uk/ukpga/1988/1/section/245A), [245B](https://www.legislation.gov.uk/ukpga/1988/1/section/245B) inserted (in relation to changes in ownership on or after 14 March 1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 98](https://www.legislation.gov.uk/ukpga/1989/26/section/98)
[^c22769661]: [S. 245A](https://www.legislation.gov.uk/ukpga/1988/1/section/245A) repealed (with effect in accordance with Sch. 3 para. 16(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 16(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/16/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769671]: [S. 245B](https://www.legislation.gov.uk/ukpga/1988/1/section/245B) repealed (with effect in accordance with Sch. 3 para. 17(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 17(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/17/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769681]: [S. 246](https://www.legislation.gov.uk/ukpga/1988/1/section/246) repealed (with effect in accordance with Sch. 3 para. 18(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 18(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/18/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23486901]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486921]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486931]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486941]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486951]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486961]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486971]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486981]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486991]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487001]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487011]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487021]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487031]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487041]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487051]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487061]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487071]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487081]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487091]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487101]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487111]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487121]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487131]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487141]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487151]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22735811]: [S. 247](https://www.legislation.gov.uk/ukpga/1988/1/section/247) repealed (with application in accordance with s. 85(6), Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/5), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c22735831]: [S. 248](https://www.legislation.gov.uk/ukpga/1988/1/section/248) repealed (with application in accordance with s. 85(6), Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/5), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c23487221]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487241]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487251]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487261]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777131]: [S. 255](https://www.legislation.gov.uk/ukpga/1988/1/section/255) repealed (with effect in accordance with Sch. 3 para. 23(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 23(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/23/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23487161]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) and preceding cross-heading inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 34](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/34) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21868061]: [Pt. 6 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/5A) (ss. 246A-246Y) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/1)
[^c23398331]: [S. 257AA](https://www.legislation.gov.uk/ukpga/1988/1/section/257AA) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23408731]: Words in [s. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/5)
[^c21584501]: [Ss. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c23408771]: Words in [s. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(9)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/9)
[^c23411161]: Words in [s. 257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/6)
[^c21584511]: [Ss. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c23411261]: Words in [s. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) sidenote substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(d)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/d)
[^c22733721]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22733731]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22733741]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c21584921]: [S. 258](https://www.legislation.gov.uk/ukpga/1988/1/section/258) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c22734131]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734161]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734191]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c21585181]: [S. 261A](https://www.legislation.gov.uk/ukpga/1988/1/section/261A) inserted (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/6), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c22734201]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734561]: [S. 262](https://www.legislation.gov.uk/ukpga/1988/1/section/262) repealed (with effect in accordance with s. 34(2), Sch. 20 Pt. 3(5) Note 1 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 34(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/34/1), [Sch. 20 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/5) (with [s. 34(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/34/3))
[^c21585271]: [S. 263](https://www.legislation.gov.uk/ukpga/1988/1/section/263) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21585291]: [S. 264](https://www.legislation.gov.uk/ukpga/1988/1/section/264) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21585671]: Source-1970 s.19(1); 1976 Sch.4 3(1)
[^c21585681]: Source-1970 s.19(2); 1976 s.36(5), Sch.4 3(2)
[^c22749841]: [S. 266(2)(a)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/a/i/ii) substituted for s. 266(2)(a)-(iii) (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 18(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/18/2)
[^c23411401]: Words in [s. 266(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/b/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/2)
[^c21585711]: Source-1970 s.19(3)(a)
[^c21585721]: Source-1970 s.19(4)
[^c21585731]: Source-1984 s.72(1)
[^c21585741]: Source-1970 s.19(3)(b)
[^c21585751]: Source-1976 Sch.4 4(1) 5; 1978 Sch.3 2; 1980 s.29(2)(b)
[^c21585761]: Words in [s. 266(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/5/a) substituted (from 6.4.1989) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 29](https://www.legislation.gov.uk/ukpga/1988/39/section/29)
[^c21585811]: Source-1976 Sch.4 4(2)
[^c21585821]: Source-1976 Sch.4 5A; 1978 Sch.3 5
[^c21585831]: Words in [s. 266(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/9) substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 35](https://www.legislation.gov.uk/ukpga/1988/39/section/35), [Sch. 3 para. 9(a)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/9/a)
[^c23411431]: Words in [s. 266(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/9) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/3)
[^c21585841]: Source-1970 s.19(4)(a), (c); 1971 Sch.3 11
[^c21585851]: [1924 c. 27](https://www.legislation.gov.uk/ukpga/1924/27).
[^c21585861]: Source-1970 s.19(3)(i)(ii)
[^c21585871]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 35](https://www.legislation.gov.uk/ukpga/1988/39/section/35), [Sch. 3 para. 9(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/9/b)
[^c23411451]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/4/a)
[^c23411471]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/4/b)
[^c21585881]: [S. 266(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/13) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/2/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22749861]: [S. 266(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/14) added (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 18(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/18/3)
[^c22749881]: [1982 c. xiv](https://www.legislation.gov.uk/ukla/1982/14).
[^c21585951]: Source-1970 s.21(1); 1976 Sch.4 21
[^c21585961]: Source-1970 s.21(3); 1975 Sch.2 6
[^c21585991]: Source-1970 s.21(5)
[^c22749951]: Word in [s. 274(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/274/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 20](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/20)
[^c23414611]: [Ss. 256A](https://www.legislation.gov.uk/ukpga/1988/1/section/256A), [256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 28](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/28) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22732361]: [S. 257AA](https://www.legislation.gov.uk/ukpga/1988/1/section/257AA) inserted (with effect in accordance with [s. 30(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/1)
[^c23408751]: [S. 257AB](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [52](https://www.legislation.gov.uk/uksi/2005/3229/regulation/52)
[^c23403981]: [S. 266A](https://www.legislation.gov.uk/ukpga/1988/1/section/266A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 36](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/36) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21586011]: [S. 275](https://www.legislation.gov.uk/ukpga/1988/1/section/275) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586191]: [S. 279](https://www.legislation.gov.uk/ukpga/1988/1/section/279) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 32](https://www.legislation.gov.uk/ukpga/1988/39/section/32), [148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586221]: [S. 280](https://www.legislation.gov.uk/ukpga/1988/1/section/280) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586251]: [S. 281](https://www.legislation.gov.uk/ukpga/1988/1/section/281) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23411661]: Words in [s. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [62(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/62/b)
[^c21586291]: [Ss. 282A](https://www.legislation.gov.uk/ukpga/1988/1/section/282A), [282B](https://www.legislation.gov.uk/ukpga/1988/1/section/282B) inserted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 34](https://www.legislation.gov.uk/ukpga/1988/39/section/34)
[^c21586341]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488151]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488161]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488171]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488181]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488191]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23408611]: Words in [Pt. 7 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/2) heading inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [61](https://www.legislation.gov.uk/uksi/2005/3229/regulation/61)
[^c21587501]: [S. 290A](https://www.legislation.gov.uk/ukpga/1988/1/section/290A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 51(1)(b)
[^c22754161]: [S. 290A](https://www.legislation.gov.uk/ukpga/1988/1/section/290A) repealed (with effect in accordance with s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/5), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c21588241]: [S. 299A](https://www.legislation.gov.uk/ukpga/1988/1/section/299A) inserted (27.7.1993 with application in relation to any case in which the claim for relief is made on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 111(1)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/111/1/4)
[^c23411881]: [S. 304](https://www.legislation.gov.uk/ukpga/1988/1/section/304) heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [65(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/65/c)
[^c22219051]: [S. 309](https://www.legislation.gov.uk/ukpga/1988/1/section/309) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/24), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22753131]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) heading substituted (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22753141]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22753161]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22754201]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22754221]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22784701]: [S. 299B](https://www.legislation.gov.uk/ukpga/1988/1/section/299B) inserted (with effect in accordance with [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/1)
[^c22784761]: [S. 300A](https://www.legislation.gov.uk/ukpga/1988/1/section/300A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 16](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/16)
[^c22784781]: [S. 301A](https://www.legislation.gov.uk/ukpga/1988/1/section/301A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/18)
[^c22784801]: [S. 303AA](https://www.legislation.gov.uk/ukpga/1988/1/section/303AA) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/20)
[^c22784741]: [S. 303A](https://www.legislation.gov.uk/ukpga/1988/1/section/303A) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 2(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/2/3)
[^c22784721]: [S. 304A](https://www.legislation.gov.uk/ukpga/1988/1/section/304A) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 17(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/17/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 17(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/17/1); and see also the s. 304A inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 41(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/41/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 paras. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/37), [41(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/41/1)
[^c22219151]: [S. 305A](https://www.legislation.gov.uk/ukpga/1988/1/section/305A) inserted (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/20)
[^c23398031]: [S. 313](https://www.legislation.gov.uk/ukpga/1988/1/section/313) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 39](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/39), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1)(with Sch. 7)
[^c23407871]: [S. 314](https://www.legislation.gov.uk/ukpga/1988/1/section/314) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 128](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/128), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23398051]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398061]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398071]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398081]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398091]: [S. 319](https://www.legislation.gov.uk/ukpga/1988/1/section/319) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 42](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/42), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398101]: [S. 321](https://www.legislation.gov.uk/ukpga/1988/1/section/321) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 43](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/43), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23407891]: [S. 322](https://www.legislation.gov.uk/ukpga/1988/1/section/322) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 129](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/129), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407901]: [S. 324](https://www.legislation.gov.uk/ukpga/1988/1/section/324) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 130](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/130), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407911]: [S. 325](https://www.legislation.gov.uk/ukpga/1988/1/section/325) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 131](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/131), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407921]: [S. 326](https://www.legislation.gov.uk/ukpga/1988/1/section/326) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 132](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/132), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21589681]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407931]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23488641]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407941]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407951]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23488651]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407961]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407971]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407981]: [S. 327](https://www.legislation.gov.uk/ukpga/1988/1/section/327) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 134](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/134), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407991]: [S. 327A](https://www.legislation.gov.uk/ukpga/1988/1/section/327A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 135](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/135), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791041]: [S. 328](https://www.legislation.gov.uk/ukpga/1988/1/section/328) repealed (with effect in accordance with s. 68(3)-(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/2), [Sch. 20 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/17), Note
[^c23408001]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408011]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408021]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791051]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c22791061]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c22791071]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c23398111]: [S. 330](https://www.legislation.gov.uk/ukpga/1988/1/section/330) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 46](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/46), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408031]: [S. 331](https://www.legislation.gov.uk/ukpga/1988/1/section/331) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 137](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/137), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408041]: [S. 331A](https://www.legislation.gov.uk/ukpga/1988/1/section/331A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 138](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/138), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23398211]: [S. 332(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/1/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 47(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/47/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408051]: [S. 332(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 139](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/139), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791081]: [S. 332(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3A/3B) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/paragraph/10)
[^c23398241]: [S. 332(3A)(3B)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3A/3B/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 47(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/47/4), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408391]: [S. 333](https://www.legislation.gov.uk/ukpga/1988/1/section/333) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 141](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/141) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408091]: [S. 333A](https://www.legislation.gov.uk/ukpga/1988/1/section/333A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 142](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/142), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22211271]: [S. 326BB](https://www.legislation.gov.uk/ukpga/1988/1/section/326BB) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/62/2)
[^c22211341]: [S. 326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326D) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 63(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/63/4)
[^c23404461]: [S. 327A](https://www.legislation.gov.uk/ukpga/1988/1/section/327A) inserted (with effect in accordance with [s. 175(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/175/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 175(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/175/1)
[^c22790871]: [Ss. 329AA](https://www.legislation.gov.uk/ukpga/1988/1/section/329AA), [329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329AB) inserted (with effect in accordance with [s. 150(2)-(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/1), [Sch. 26](https://www.legislation.gov.uk/ukpga/1996/8/schedule/26)
[^c22790761]: [Ss. 329A](https://www.legislation.gov.uk/ukpga/1988/1/section/329A), [329B](https://www.legislation.gov.uk/ukpga/1988/1/section/329B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 142](https://www.legislation.gov.uk/ukpga/1995/4/section/142)
[^c22790851]: [S. 329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329C) inserted (8.11.1995) by [Criminal Injuries Compensation Act 1995 (c. 53)](https://www.legislation.gov.uk/ukpga/1995/53), [s. 8](https://www.legislation.gov.uk/ukpga/1995/53/section/8)
[^c22790991]: [S. 331A](https://www.legislation.gov.uk/ukpga/1988/1/section/331A) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 60](https://www.legislation.gov.uk/ukpga/1999/16/section/60)
[^c22790781]: [S. 332A](https://www.legislation.gov.uk/ukpga/1988/1/section/332A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/1)
[^c22211361]: [S. 333A](https://www.legislation.gov.uk/ukpga/1988/1/section/333A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 64(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/64/1)
[^c22790951]: [S. 333B](https://www.legislation.gov.uk/ukpga/1988/1/section/333B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/77/1)
[^c23426611]: [S. 338B](https://www.legislation.gov.uk/ukpga/1988/1/section/338B) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23499091]: [S. 339A](https://www.legislation.gov.uk/ukpga/1988/1/section/339A) inserted (in relation to accounting periods ending on or after 1 October 1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 27(3)(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/27/3/4)
[^c21591041]: [S. 339A](https://www.legislation.gov.uk/ukpga/1988/1/section/339A) repealed (in relation to accounting periods beginning on or after 19.3.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 71(1)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/71/1/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 5; and s. 339A modified in its application to accounting periods beginning before 19.3.1991 and ending on or after that date by s. 71(4) of that repealing Act
[^c22754351]: [S. 340](https://www.legislation.gov.uk/ukpga/1988/1/section/340) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 17](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/17), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22754381]: [S. 341](https://www.legislation.gov.uk/ukpga/1988/1/section/341) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 17](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/17), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22737451]: [Ss. 338-338B](https://www.legislation.gov.uk/ukpga/1988/1/section/338) substituted for s. 338 (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/2)
[^c23426421]: [S. 342A](https://www.legislation.gov.uk/ukpga/1988/1/section/342A) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/3)
[^c23426871]: [S. 343ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/343ZA) inserted (with effect in accordance with [s. 89(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/89/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 89(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/89/1)
[^c23426771]: [S. 343A](https://www.legislation.gov.uk/ukpga/1988/1/section/343A) inserted (19.7.2007, the inserted subsections (2) and (3) having effect in accordance with [Sch. 6 para. 1(3)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/2)
[^c21591591]: [S. 345](https://www.legislation.gov.uk/ukpga/1988/1/section/345) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21591611]: [S. 346](https://www.legislation.gov.uk/ukpga/1988/1/section/346) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21591631]: [S. 347](https://www.legislation.gov.uk/ukpga/1988/1/section/347) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c23513371]: [S. 351](https://www.legislation.gov.uk/ukpga/1988/1/section/351) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 36(6), Sch.14 Part IV, Note 5 (with s. 36(3))
[^c23428261]: [S. 349ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/349ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/149) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22742051]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) inserted (with application in accordance with [s. 85(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/1)
[^c22742571]: [S. 349E](https://www.legislation.gov.uk/ukpga/1988/1/section/349E) inserted (with application in accordance with [s. 96(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 96(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/1)
[^c22741721]: [S. 350A](https://www.legislation.gov.uk/ukpga/1988/1/section/350A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/4)
[^c22738711]: [S. 353](https://www.legislation.gov.uk/ukpga/1988/1/section/353) restricted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 123](https://www.legislation.gov.uk/ukpga/1995/4/section/123), [Sch. 22 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/22/paragraph/2)
[^c22740501]: [S. 353](https://www.legislation.gov.uk/ukpga/1988/1/section/353) restricted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/38/1)
[^c22737861]: [S. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/1)
[^c23428351]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 152](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/152) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22737881]: [S. 353(1A)-(1H)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/2)
[^c22738621]: [S. 353(1C)(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1C/1D) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22766321]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22738681]: [S. 353(1E)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E/b) and preceding word repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c21593131]: Source-1986 s.26(1)
[^c21593141]: Source-1972 s.75(1A), (2); 1974 s.19(1)(b)
[^c22737901]: [S. 353(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/4/5) repealed (with effect in accordance with s. 81(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/3), [Sch. 26 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/2), Note
[^c22740541]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740561]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740571]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593721]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740581]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593732]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4); and s. 356B substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 3 para. 14](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/14)
[^c22740591]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593761]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740601]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766331]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740611]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740621]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21594001]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740631]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23517651]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740641]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23517661]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740651]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740661]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21594191]: [S. 360A](https://www.legislation.gov.uk/ukpga/1988/1/section/360A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 48(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/48/2)
[^c21594501]: Source-1974 Sch.1 24; 1984 s.22(3)
[^c22740671]: [S. 365(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1/aa) inserted (with effect in accordance with [s. 39(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 39(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/1)
[^c22740711]: Words in [s. 365(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1/d) inserted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/2)
[^c22740691]: [S. 365(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1AA) inserted (with effect in accordance with [s. 39(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 39(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/2)
[^c22740751]: [S. 365(1AB)-(1AD)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1AB) inserted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/3)
[^c21594511]: [S. 365(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1A/1B) inserted (27.7.1993 with effect in relation to payments of interest made on or after 16 March 1993 (whenever falling due)) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 57(3)(5)(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/57/3/5/6)
[^c22740731]: [S. 365(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1A) substituted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/4)
[^c22741761]: Words in [s. 365(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/3) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/1/a)
[^c22741781]: Words in [s. 365(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/3) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/1/b)
[^c21594531]: Source-1972 Sch.10 7; 1974 Sch.1 25(1)
[^c21594541]: Source-1972 Sch.10 8, 9
[^c22740771]: [S. 367(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21594731]: [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1988-89) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 41](https://www.legislation.gov.uk/ukpga/1988/39/section/41) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1989-90) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 46](https://www.legislation.gov.uk/ukpga/1989/26/section/46) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1990-91) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 71](https://www.legislation.gov.uk/ukpga/1990/29/section/71) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1991-92) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 26](https://www.legislation.gov.uk/ukpga/1991/31/section/26) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1992-93) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(4)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/4) (with [s. 10(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/5)) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1993-94) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 55](https://www.legislation.gov.uk/ukpga/1993/34/section/55) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1994-95, 1995-96) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 80](https://www.legislation.gov.uk/ukpga/1994/9/section/80) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1996-97) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 76](https://www.legislation.gov.uk/ukpga/1996/8/section/76) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1997-98) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 57](https://www.legislation.gov.uk/ukpga/1997/16/section/57) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1998-99) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 16](https://www.legislation.gov.uk/ukpga/1997/58/section/16) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1999-2000) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 37](https://www.legislation.gov.uk/ukpga/1999/16/section/37)
[^c21594751]: Source-1972 Sch.9 5(1A); 1984 s.22(1)(c)
[^c22740841]: Words in [s. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/4)
[^c23438171]: [S. 367A](https://www.legislation.gov.uk/ukpga/1988/1/section/367A) inserted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 2 para. 47](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/47) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c22740881]: [S. 369(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1) excluded (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 38(2)-(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/38/2)
[^c21594981]: Source-1982 s.26(1), (2)
[^c22738251]: Words in [s. 369(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/3)
[^c22740901]: [S. 369(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1A) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 4](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/4)
[^c22741801]: Words in [s. 369(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1A) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/3)
[^c22738291]: [S. 369(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/3) substituted for s. 369(3)-(5B) (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/4)
[^c21595061]: Source-1982 s.26(7)
[^c21595071]: [S. 369(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 58(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/58/1/2)
[^c22739921]: [S. 369(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/a) substituted (with effect in accordance with [Sch. 18 para. 17(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/a)
[^c22739941]: Words in [s. 369(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/b) inserted (with effect in accordance with [Sch. 18 para. 17(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/b)
[^c22739961]: Words in [s. 369(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/c) substituted (with effect in accordance with [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/c)
[^c22739901]: Words in [s. 369(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7) inserted (with effect in accordance with [Sch. 18 para. 17(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/d)
[^c22739981]: [S. 369(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/8/9) inserted (with effect in accordance with [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/3)
[^c21595181]: Source-1982 Sch.7 2(1)-(3)
[^c22741051]: Words in [s. 370(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/1) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/2/a)
[^c22740921]: Words in [s. 370(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22738311]: Words in [s. 370(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/1/a)
[^c22740941]: Words in [s. 370(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766391]: Words in [s. 370(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/b) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/1/b)
[^c23428491]: Words in [s. 370(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 155](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/155) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22740991]: [S. 370(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/c) and preceding word repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741001]: [S. 370(3)(4)(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/3/4/6/7) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/4), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595261]: Source-1982 Sch.7 3(1)-(3)
[^c22741071]: Words in [s. 370(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/5) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/5)
[^c22738331]: [S. 370(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/6A) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/2)
[^c22739101]: [S. 370(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/6A) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c21595301]: [S. 371](https://www.legislation.gov.uk/ukpga/1988/1/section/371) repealed (27.7.1993 with effect in relation to payments of interest made on or after 16 March 1993 (whenever falling due)) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c22741091]: [S. 372](https://www.legislation.gov.uk/ukpga/1988/1/section/372) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/6), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595331]: Source-1982 Sch.7 5(1)-(3); 1985 s.37(2)
[^c22741111]: Words in [s. 373(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741131]: [S. 370(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/3/4) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595421]: Source-1982 Sch.7 5(4); 1983 s.17(2); 1985 s.37(3)
[^c22741161]: Words in [s. 373(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/5) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/c), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595431]: Source-1982 Sch.7 6(1), (2)
[^c22741201]: Words in [s. 373(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/6) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/3)
[^c22741181]: Words in [s. 373(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/7) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(d)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/d), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595441]: Source-1982 Sch.7 7(1)(a)-(c)
[^c22741221]: [S. 374(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/374/1/c) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/8), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595461]: Source-1982 Sch.7 7(1)(d), (4), (5)
[^c21595471]: Source-1982 Sch.7 7(2)(3)
[^c22741241]: Words in [s. 374(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/374/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/8), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740041]: Words in [s. 374A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/374A/4) repealed (with effect in accordance with Sch. 18 para. 17(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/7), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21595481]: Source-1982 Sch.7 8
[^c22739311]: [S. 375(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/2/aa) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/2)
[^c22738351]: Words in [s. 375(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/3) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 11](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/11)
[^c22739331]: [S. 375(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/4/4A) substituted for s. 375(4) (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/3)
[^c22740001]: Words in [s. 375(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/4) substituted (with effect in accordance with [Sch. 18 para. 17(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/8)
[^c21595491]: Source-1982 Sch.7 9(1)
[^c21595501]: Source-1982 Sch.7 10(1), (2)
[^c21595511]: Source-1982 Sch.7 11
[^c22739351]: [S. 375(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/8A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/4)
[^c22741301]: [S. 375(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/8B) inserted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 9(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/9/1)
[^c22741321]: [S. 375(9)(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/9/10) repealed (with effect in accordance with Sch. 4 para. 18(1) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/9/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 1
[^c22741261]: [S. 375A](https://www.legislation.gov.uk/ukpga/1988/1/section/375A) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 10](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/10), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595831]: Source-1982 Sch.7 13
[^c23427621]: Words in [s. 376(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 52](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/52) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22741351]: Words in [s. 376(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/3) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 11(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/11/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595841]: Source-1982 Sch.7 14(1); 1983 s.17(3)
[^c22741981]: [S. 376(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/d) repealed (26.3.2001) by [The Postal Services Act 2000 (Consequential Modifications No. 1) Order 2001 (S.I. 2001/1149)](https://www.legislation.gov.uk/uksi/2001/1149), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/1/2), [3(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/3/2), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/1149/schedule/2)
[^c22742071]: [S. 376(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/e) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/a)
[^c21595861]: [1985 c. 50](https://www.legislation.gov.uk/ukpga/1985/50).
[^c22742091]: [S. 376(4)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/g) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/b)
[^c21595881]: [1981 c.64](https://www.legislation.gov.uk/ukpga/1981/64).
[^c21595891]: [1968 c. 16](https://www.legislation.gov.uk/ukpga/1968/16).
[^c22740371]: [S. 376(4)(ka)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/ka) substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140(2)](https://www.legislation.gov.uk/ukpga/1998/38/section/140/2), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 55](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/55); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22740411]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c22740391]: [S. 376(4)(n)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/n) repealed (1.10.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 152](https://www.legislation.gov.uk/ukpga/1998/38/section/152), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 18 Pt. 4](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/4); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 4](https://www.legislation.gov.uk/uksi/1998/2244/article/4)
[^c22742111]: [S. 376(4)(p)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/p) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/c)
[^c21595911]: [S. 376(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/3/3), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22742131]: [S. 376(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4A) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/3)
[^c22738411]: [S. 376(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/5) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 142(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/142/1/b), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22741371]: [S. 376(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/6) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 11(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/11/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22742151]: [S. 376A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376A/1A) inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 24](https://www.legislation.gov.uk/uksi/2001/3629/article/24)
[^c22741281]: [S. 377](https://www.legislation.gov.uk/ukpga/1988/1/section/377) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 12](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/12), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21596051]: Source-1982 s.29; 1984 s.56(2)
[^c22741391]: [S. 378(1)(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/378/1/2/4) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 13(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/13/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741431]: Words in [s. 378(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/378/3) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 13(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/13/b)
[^c22742171]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): definition of "contracts of general insurance" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 25](https://www.legislation.gov.uk/uksi/2001/3629/article/25)
[^c22738471]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "prescribed" repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22741461]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "qualifying lender" repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766421]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "regulations" repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741491]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): definition of "separated" inserted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/c)
[^c22739291]: [S. 374A](https://www.legislation.gov.uk/ukpga/1988/1/section/374A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/1)
[^c22739391]: [S. 375A](https://www.legislation.gov.uk/ukpga/1988/1/section/375A) inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/18)
[^c22738431]: [S. 376A](https://www.legislation.gov.uk/ukpga/1988/1/section/376A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 142(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/142/2)
[^c23428671]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22747921]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) cross-heading substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 26](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/26) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23428521]: Words in cross-heading preceding s. 379A substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22747971]: [S. 379B](https://www.legislation.gov.uk/ukpga/1988/1/section/379B) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 27](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/27) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22743591]: [S. 383](https://www.legislation.gov.uk/ukpga/1988/1/section/383) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c22751071]: [S. 384A](https://www.legislation.gov.uk/ukpga/1988/1/section/384A) inserted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 30](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/30) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22744461]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) and preceding cross-heading inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 19(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/19/1)
[^c21597491]: [S. 394](https://www.legislation.gov.uk/ukpga/1988/1/section/394) repealed by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/2/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V)
[^c23448621]: [S. 393B](https://www.legislation.gov.uk/ukpga/1988/1/section/393B) inserted (with effect in accordance with [s. 111(3)](https://www.legislation.gov.uk/ukpga/2008/9/section/111/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/111/1)
[^c21597681]: Source—1973 s.26(2); 1974 s.30(2)
[^c22747531]: [Ss. 408](https://www.legislation.gov.uk/ukpga/1988/1/section/408), [409](https://www.legislation.gov.uk/ukpga/1988/1/section/409) repealed (with effect in accordance with Sch. 7 para. 9, Sch. Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c22747551]: [Ss. 408](https://www.legislation.gov.uk/ukpga/1988/1/section/408), [409](https://www.legislation.gov.uk/ukpga/1988/1/section/409) repealed (with effect in accordance with Sch. 7 para. 9, Sch. Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c23550511]: [S. 411A](https://www.legislation.gov.uk/ukpga/1988/1/section/411A) inserted (with effect in accordance with [s. 101(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/101/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/101/1)
[^c22749731]: [S. 411A](https://www.legislation.gov.uk/ukpga/1988/1/section/411A) repealed (with effect in accordance with s. 93(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/1999/16/schedule/11/paragraph/1), [Sch. 20 Pt. 3(21)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/21), Note
[^c22749211]: [Ss. 403-403ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/403) substituted for s. 403 (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/29) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22746631]: [Ss. 403A-403C](https://www.legislation.gov.uk/ukpga/1988/1/section/403A) inserted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 2](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/2)
[^c22750091]: [Ss. 403D](https://www.legislation.gov.uk/ukpga/1988/1/section/403D), [403E](https://www.legislation.gov.uk/ukpga/1988/1/section/403E) inserted (with effect in accordance with [Sch. 27 para. 6(1)(2)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1/2/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 4](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/4)
[^c23441711]: [S. 403F](https://www.legislation.gov.uk/ukpga/1988/1/section/403F) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/4/1)
[^c23441721]: [S. 403G](https://www.legislation.gov.uk/ukpga/1988/1/section/403G) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/4/2)
[^c23550441]: [S. 411ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/411ZA) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 124](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/124) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23553461]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553471]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553481]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553491]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553501]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553511]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553521]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553531]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553541]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c21601071]: [S. 431A](https://www.legislation.gov.uk/ukpga/1988/1/section/431A) inserted (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/2), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22857401]: [S. 431AA](https://www.legislation.gov.uk/ukpga/1988/1/section/431AA) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c23572391]: [S. 431ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/431ZA) inserted (with effect in accordance with [Sch. 17 para. 10(6)(7)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/10/6/7) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 17 para. 10(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/10/2)
[^c22769731]: [S. 431AA](https://www.legislation.gov.uk/ukpga/1988/1/section/431AA) inserted (with application in accordance with [s. 143(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/143/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 143(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/143/4)
[^c22771491]: [Ss. 431B-431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431B) and cross-heading inserted (with effect in accordance with Sch. 8 paras. 55, 57 of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/2)
[^c23595831]: [Ss. 431BA](https://www.legislation.gov.uk/ukpga/1988/1/section/431BA), [431BB](https://www.legislation.gov.uk/ukpga/1988/1/section/431BB) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/8) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23595851]: [S. 431EA](https://www.legislation.gov.uk/ukpga/1988/1/section/431EA) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/10) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22892971]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771701]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771801]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771831]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771871]: [S. 433](https://www.legislation.gov.uk/ukpga/1988/1/section/433) repealed (14.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(5)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/5), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/2), [Sch. 17 Pt. IV](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/IV), Note 3 (with s. 84(6))
[^c22771501]: Cross-heading before s. 432 inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23600611]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600631]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600551]: [S. 432YA](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA) inserted (8.1.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment No. 2) Order 2006 (S.I. 2006/3387)](https://www.legislation.gov.uk/uksi/2006/3387), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3387/article/1/1), [2](https://www.legislation.gov.uk/uksi/2006/3387/article/2)
[^c22787921]: [S. 432ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 11(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/11/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22801421]: [Ss. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA), [432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para 39](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/39) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23600641]: [S. 432CA](https://www.legislation.gov.uk/ukpga/1988/1/section/432CA) inserted (with effect in accordance with [s. 47(2)-(4)](https://www.legislation.gov.uk/ukpga/2010/13/section/47/2) of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 47(1)](https://www.legislation.gov.uk/ukpga/2010/13/section/47/1)
[^c23600661]: [S. 432CB](https://www.legislation.gov.uk/ukpga/1988/1/section/432CB) inserted (with effect in accordance with [s. 9(2)](https://www.legislation.gov.uk/ukpga/2010/31/section/9/2) of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [s. 9(1)](https://www.legislation.gov.uk/ukpga/2010/31/section/9/1)
[^c22786571]: [S. 432F](https://www.legislation.gov.uk/ukpga/1988/1/section/432F) inserted (with effect in accordance with [Sch. 8 para. 53](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23600531]: [S. 432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432G) inserted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 4](https://www.legislation.gov.uk/uksi/2004/3266/article/4)
[^c22772131]: [S. 434A](https://www.legislation.gov.uk/ukpga/1988/1/section/434A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)-(6)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/4)
[^c22789741]: [S. 434B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434B/1) repealed (with effect in accordance with s. 165(4)(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 165(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/165/3), [Sch. 41 Pt 5(25)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/25), Note (with Sch. 14 para. 24)
[^c22793981]: [S. 434B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434B/2) repealed (with effect in accordance with s. 67(7), Sch. 18 Pt. 6(6) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/4), [Sch. 18 Pt. 6(6)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/6)
[^c22801521]: [S. 434C](https://www.legislation.gov.uk/ukpga/1988/1/section/434C) repealed (with effect in accordance with Sch. 3 para. 26(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 26(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/26/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22808571]: [S. 434D](https://www.legislation.gov.uk/ukpga/1988/1/section/434D) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/39), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22808591]: [S. 434E](https://www.legislation.gov.uk/ukpga/1988/1/section/434E) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/39), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22772191]: [S. 435](https://www.legislation.gov.uk/ukpga/1988/1/section/435) repealed (with effect in accordance with s. 84(5)(b) of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/5), [Sch. 17 Pt. IV](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/IV), Note 3 (with s. 84(6))
[^c22787941]: Words in [s. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) sidenote substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22772551]: [S. 438A](https://www.legislation.gov.uk/ukpga/1988/1/section/438A) inserted (2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/49/1); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22809031]: [S. 438A](https://www.legislation.gov.uk/ukpga/1988/1/section/438A) repealed (with effect in accordance with s. 87(2)(5) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/87/1), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12)
[^c22772761]: [Ss. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [440A](https://www.legislation.gov.uk/ukpga/1988/1/section/440A) substituted for s. 440 (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 8](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/8), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22772951]: [Ss. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441), [441A](https://www.legislation.gov.uk/ukpga/1988/1/section/441A) substituted for s. 441 by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/3), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c22799931]: [S. 441A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/1) repealed (with effect in accordance with Sch. 3 para. 9(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 9(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/9/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22800001]: [S. 441A(2)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/2) repealed (with effect in accordance with Sch. 4 para. 28(2), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 28(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/28/1), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22789011]: [S. 441A(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/3) substituted for s. 441A(3)-(6) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 31](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/31) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22773211]: [S. 444A](https://www.legislation.gov.uk/ukpga/1988/1/section/444A) inserted (with effect in accordance with [Sch. 9 para. 7](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/7) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/4)
[^c22771511]: Cross-heading before s. 434 inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23635511]: [Ss. 434AZA-434AZC](https://www.legislation.gov.uk/ukpga/1988/1/section/434AZA) inserted (with effect in accordance with [Sch. 23 para. 3(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/23/paragraph/3/2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 23 para. 3(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/23/paragraph/3/1)
[^c22788051]: [S. 434B](https://www.legislation.gov.uk/ukpga/1988/1/section/434B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 21(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/21/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788071]: [S. 434C](https://www.legislation.gov.uk/ukpga/1988/1/section/434C) inserted (with effect in accordance with Sch. 8 paras. 54, 57(1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 22](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/22) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788091]: [Ss. 434D](https://www.legislation.gov.uk/ukpga/1988/1/section/434D), [434E](https://www.legislation.gov.uk/ukpga/1988/1/section/434E) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 23(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/23/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23633431]: [Ss. 436A](https://www.legislation.gov.uk/ukpga/1988/1/section/436A), [436B](https://www.legislation.gov.uk/ukpga/1988/1/section/436B) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 25](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/25) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22794081]: [S. 437A](https://www.legislation.gov.uk/ukpga/1988/1/section/437A) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/3)
[^c22808951]: [Ss. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B), [438C](https://www.legislation.gov.uk/ukpga/1988/1/section/438C) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 5](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/5)
[^c22788421]: [S. 439A](https://www.legislation.gov.uk/ukpga/1988/1/section/439A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 26](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/26) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788441]: [S. 439B](https://www.legislation.gov.uk/ukpga/1988/1/section/439B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 27(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/27/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788951]: [S. 440B](https://www.legislation.gov.uk/ukpga/1988/1/section/440B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23633451]: [S. 440C](https://www.legislation.gov.uk/ukpga/1988/1/section/440C) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 9](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/9) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23635311]: [S. 440D](https://www.legislation.gov.uk/ukpga/1988/1/section/440D) inserted (27.12.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/3430)](https://www.legislation.gov.uk/uksi/2007/3430), [art. 3(2)](https://www.legislation.gov.uk/uksi/2007/3430/article/3/2)
[^c22789031]: [S. 441B](https://www.legislation.gov.uk/ukpga/1988/1/section/441B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 32](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/32) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22789051]: [S. 442A](https://www.legislation.gov.uk/ukpga/1988/1/section/442A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 34](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/34) (with [Sch. 8 paras. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2), [57(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/2))
[^c23635331]: [Ss. 444AZA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AZA), [444AZB](https://www.legislation.gov.uk/ukpga/1988/1/section/444AZB) inserted (19.2.2008 with effect in accordance with art. 1(5) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 9](https://www.legislation.gov.uk/uksi/2008/381/article/9)
[^c23633351]: [S. 444AA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AA) inserted (with effect in accordance with [Sch. 33 para. 18(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/18/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 18(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/18/1)
[^c23633371]: [S. 444AB](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) inserted (with effect in accordance with [Sch. 33 para. 19(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/19/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 19(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/19/1)
[^c23633411]: [S. 444ABA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABA) inserted (with effect in accordance with [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/3/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/3/1)
[^c23635531]: [S. 444ABAA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABAA) inserted (with effect in accordance with [s. 15(11)](https://www.legislation.gov.uk/ukpga/2010/33/section/15/11) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 15(10)](https://www.legislation.gov.uk/ukpga/2010/33/section/15/10)
[^c23633471]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23635351]: [S. 444ABBA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABBA) inserted (19.2.2008 with effect in accordance with art. 1(4) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 14](https://www.legislation.gov.uk/uksi/2008/381/article/14)
[^c23633491]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23633501]: [S. 444ABD](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABD) inserted (with effect in accordance with [Sch. 9 para. 17(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/5)
[^c23633521]: [Ss. 444AC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC), [444ACZA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACZA) substituted for s. 444AC (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/6/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23694771]: [S. 444ACA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACA) inserted (with effect in accordance with [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/8/2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 8(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/8/1)
[^c23635371]: [Ss. 444AECA-444AECC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AECA) inserted (19.2.2008 with effect in accordance with art. 1(4) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 22](https://www.legislation.gov.uk/uksi/2008/381/article/22)
[^c21603191]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) and cross heading inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/97/1)
[^c21603181]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) and cross heading inserted (27.7.1993) by [1993 c.34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/97/1)
[^c22798771]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c22798781]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c22798791]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c21603311]: [S. 445](https://www.legislation.gov.uk/ukpga/1988/1/section/445) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(a)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/a/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603401]: [S. 446(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/1) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(b)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/b/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603411]: [S. 446(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/2/3) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/7/1/b), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c21603431]: [S. 446(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/4) repealed by [Finance Act 1990 (c. 29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 132](https://www.legislation.gov.uk/ukpga/1990/29/section/132), [Sch. 19 Pt. IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/IV).
[^c21603521]: [S. 447(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/447/1/2) and (4) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(c)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/c/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603541]: [S. 447(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/447/3) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 7(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/7/3), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c21603591]: [S. 448](https://www.legislation.gov.uk/ukpga/1988/1/section/448) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2)d), 213, Sch. 23 Pt.III (9), note
[^c21603611]: [S. 449](https://www.legislation.gov.uk/ukpga/1988/1/section/449) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(e)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/e),213, Sch. 23 Pt. III (9), note
[^c21603791]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12) notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21603971]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the repealing Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes. 1 and 5
[^c21604111]: SS. 450-457 repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604161]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), SCh. 23, Pt.III (12), notes 1 and 5)
[^c21604241]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604271]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604321]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604371]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c22885991]: [S. 458A](https://www.legislation.gov.uk/ukpga/1988/1/section/458A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/3)
[^c23572371]: [Ss. 444AF-444AL](https://www.legislation.gov.uk/ukpga/1988/1/section/444AF) and preceding cross-heading inserted (with effect in accordance with [Sch. 11 para. 5(2)-(14)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/5/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 5(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/5/1)
[^c22798801]: [Ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) and preceding cross-heading inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 166](https://www.legislation.gov.uk/ukpga/1996/8/section/166), [Sch. 32 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/32/paragraph/1)
[^c21605821]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605831]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605841]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605921]: [S. 462A](https://www.legislation.gov.uk/ukpga/1988/1/section/462A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/2)
[^c21606481]: [S. 465A](https://www.legislation.gov.uk/ukpga/1988/1/section/465A) inserted (19.12.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.13](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/13), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23717841]: [S. 461D](https://www.legislation.gov.uk/ukpga/1988/1/section/461D) inserted (with effect in accordance with [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 18 para. 3(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3/1)
[^c21607411]: [S. 468AA](https://www.legislation.gov.uk/ukpga/1988/1/section/468AA) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(1)(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/1/5)
[^c22813161]: [S. 468AA](https://www.legislation.gov.uk/ukpga/1988/1/section/468AA) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 6](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/6), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c21607421]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718801]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607461]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718821]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607491]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718841]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607511]: [S. 468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468D) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 79](https://www.legislation.gov.uk/ukpga/1989/26/section/79)
[^c23718861]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607561]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22790461]: [S. 468E](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) repealed (with effect in accordance with Sch. 6 paras. 10(3), 28 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1), Note 1
[^c22790541]: [S. 468EE](https://www.legislation.gov.uk/ukpga/1988/1/section/468EE) repealed (with effect in accordance with Sch. 6 paras. 10(3), 28 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1), Note 1
[^c21607611]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22753451]: [S. 468F](https://www.legislation.gov.uk/ukpga/1988/1/section/468F) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/4), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c21607651]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22753471]: [S. 468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468G) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/4), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c23719061]: [S. 468A](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 16](https://www.legislation.gov.uk/ukpga/2005/22/section/16)
[^c22753401]: [S. 468EE](https://www.legislation.gov.uk/ukpga/1988/1/section/468EE) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 111(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/111/2)
[^c23719691]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719711]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719721]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c22800231]: [S. 468K](https://www.legislation.gov.uk/ukpga/1988/1/section/468K) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11)
[^c23719731]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719251]: [S. 468M](https://www.legislation.gov.uk/ukpga/1988/1/section/468M) substituted for ss. 468M, 468N (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/3)
[^c23719741]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719311]: Words in [s. 468O](https://www.legislation.gov.uk/ukpga/1988/1/section/468O) sidenote inserted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(7)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/7)
[^c23719751]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719781]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719761]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719771]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c23719371]: [Ss. 468PA](https://www.legislation.gov.uk/ukpga/1988/1/section/468PA), [468PB](https://www.legislation.gov.uk/ukpga/1988/1/section/468PB) inserted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(9)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/9)
[^c23719791]: [Ss. 468H-468Q](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) repealed (in force in accordance with [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/1/a), [19(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/19/1), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2
[^c22801151]: [S. 468R](https://www.legislation.gov.uk/ukpga/1988/1/section/468R) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/7), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23721291]: [S. 470(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/470/1/3) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23)
[^c23721281]: [S. 470(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/470/2) ceased to have effect (29.4.1988) by virtue of s. 470(3) below and [S.I. 1988/745](https://www.legislation.gov.uk/uksi/1988/745), [art. 2](https://www.legislation.gov.uk/uksi/1988/745/article/2)
[^c22803971]: [S. 469A](https://www.legislation.gov.uk/ukpga/1988/1/section/469A) inserted (with effect in accordance with [s. 68(3)-(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/1)
[^c22801561]: [S. 471](https://www.legislation.gov.uk/ukpga/1988/1/section/471) repealed (with effect in accordance with s. 101(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/101/1), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 1
[^c22801581]: [S. 472](https://www.legislation.gov.uk/ukpga/1988/1/section/472) repealed (with effect in accordance with s. 101(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 101(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/101/2), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 2
[^c22791901]: [S. 474(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/1/3) repealed (with effect in accordance with Sch. 7 para. 32-35, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 7 para. 18, Sch. 41 Pt. 5(2)
[^c22791931]: [S. 474(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/2) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/2), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22765331]: [S. 474(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/3) inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 25(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/25/2)
[^c23721941]: [S. 472A](https://www.legislation.gov.uk/ukpga/1988/1/section/472A) inserted (with effect in accordance with [s. 54(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/54/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 54](https://www.legislation.gov.uk/ukpga/2004/12/section/54) (as amended (retrospectively) by [Finance Act 2005 (c.7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7))
[^c22754241]: [Ss. 468H-468R](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) and cross-headings inserted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/2)
[^c23724591]: [S. 476](https://www.legislation.gov.uk/ukpga/1988/1/section/476) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/2), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23724611]: [S. 477](https://www.legislation.gov.uk/ukpga/1988/1/section/477) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/3), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c21608281]: [S. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) inserted (with effect in accordance with [Sch. 5 para. 4(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/4/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 4(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/4/1)
[^c23724891]: [S. 478](https://www.legislation.gov.uk/ukpga/1988/1/section/478) repealed (with effect in accordance with s. 199(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 4; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23724911]: [S. 479](https://www.legislation.gov.uk/ukpga/1988/1/section/479) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/5), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23724931]: [S. 480](https://www.legislation.gov.uk/ukpga/1988/1/section/480) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/6), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c21608511]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c21608531]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c21608541]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c23724731]: [S. 480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480C) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 185](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/185), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723831]: [S. 483(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/483/1)(5) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/12), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c22792181]: [S. 484](https://www.legislation.gov.uk/ukpga/1988/1/section/484) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para 29](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/29), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22792201]: [S. 485](https://www.legislation.gov.uk/ukpga/1988/1/section/485) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 29](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/29), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c21608391]: [S. 477B](https://www.legislation.gov.uk/ukpga/1988/1/section/477B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 51](https://www.legislation.gov.uk/ukpga/1991/31/section/51), [Sch. 10 para. 3(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/10/paragraph/3/1/2)
[^c23723881]: [S. 482A](https://www.legislation.gov.uk/ukpga/1988/1/section/482A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s.75](https://www.legislation.gov.uk/ukpga/1991/31/section/75)
[^c22806081]: [S. 482A](https://www.legislation.gov.uk/ukpga/1988/1/section/482A) repealed (with effect in accordance with s. 145(11), Sch. 40 Pt. 5 Note of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 145(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/145/10), [Sch. 40 Pt. 5](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/5)
[^c23726811]: [S. 494](https://www.legislation.gov.uk/ukpga/1988/1/section/494) sidenote substituted (with effect in accordance with [s. 38(7)-(13)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/7) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(5)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/5)
[^c23728641]: [S. 496](https://www.legislation.gov.uk/ukpga/1988/1/section/496) sidenote substituted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/5)
[^c22801721]: [S. 497](https://www.legislation.gov.uk/ukpga/1988/1/section/497) repealed (with effect in accordance with Sch. 3 para. 29(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 29(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/29/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22801791]: [S. 498](https://www.legislation.gov.uk/ukpga/1988/1/section/498) repealed (with effect in accordance with Sch. 3 para. 30(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 30(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/30/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 30(3))
[^c22801801]: [S. 499](https://www.legislation.gov.uk/ukpga/1988/1/section/499) repealed (with effect in accordance with Sch. 3 para. 31(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 31(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/31/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804801]: [S. 494AA](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA) inserted (with application in accordance with [s. 100(2)(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/100/2/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 100(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/100/1)
[^c22801441]: [S. 494A](https://www.legislation.gov.uk/ukpga/1988/1/section/494A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 30](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/30) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23726021]: [S. 496A](https://www.legislation.gov.uk/ukpga/1988/1/section/496A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 286(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/286/2)
[^c23726041]: [S. 496B](https://www.legislation.gov.uk/ukpga/1988/1/section/496B) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/2)
[^c22813751]: [S. 501A](https://www.legislation.gov.uk/ukpga/1988/1/section/501A) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 91](https://www.legislation.gov.uk/ukpga/2002/23/section/91), [93](https://www.legislation.gov.uk/ukpga/2002/23/section/93)
[^c22813901]: [S. 501B](https://www.legislation.gov.uk/ukpga/1988/1/section/501B) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 92(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/92/1), [93](https://www.legislation.gov.uk/ukpga/2002/23/section/93)
[^c22805801]: [Pt. 12 Ch. 5](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/5) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 98](https://www.legislation.gov.uk/ukpga/1999/16/section/98)
[^c23729321]: [S. 502GB](https://www.legislation.gov.uk/ukpga/1988/1/section/502GB) inserted (with effect in accordance with [Sch. 20 para. 9(6)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/6) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/3)
[^c23729341]: [S. 502GC](https://www.legislation.gov.uk/ukpga/1988/1/section/502GC) inserted (with effect in accordance with [Sch. 20 para. 9(7)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/7) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/4)
[^c23729361]: [S. 502GD](https://www.legislation.gov.uk/ukpga/1988/1/section/502GD) inserted (with effect in accordance with [Sch. 33 para. 3](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/3) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 1](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/1)
[^c23729301]: [S. 502GA](https://www.legislation.gov.uk/ukpga/1988/1/section/502GA) and preceding cross-heading inserted (with effect in accordance with [Sch. 20 para. 9(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/5) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/2)
[^c23729851]: Words in [s. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) sidenote inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22802741]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 42](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/42) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21610541]: [S. 510A](https://www.legislation.gov.uk/ukpga/1988/1/section/510A) inserted (retrospective to 1.7.1989) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 11 paras. 1](https://www.legislation.gov.uk/ukpga/1990/29/schedule/11/paragraph/1), [5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/11/paragraph/5)
[^c22809771]: [S. 511(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/511/1)(6) repealed (9.11.2001) by [Electricity Act 1989 (c. 29)](https://www.legislation.gov.uk/ukpga/1989/29), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1989/29/section/113/2), [Sch. 18](https://www.legislation.gov.uk/ukpga/1989/29/schedule/18); [S.I. 2001/3419](https://www.legislation.gov.uk/uksi/2001/3419), [art. 2](https://www.legislation.gov.uk/uksi/2001/3419/article/2)
[^c21610641]: [S. 511(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/511/4/5) repealed (1.4.1992) by [S.I. 1992/231 (N.I. 1)](https://www.legislation.gov.uk/nisi/1992/231), [art. 95(4)](https://www.legislation.gov.uk/nisi/1992/231/article/95/4), [Sch.14](https://www.legislation.gov.uk/nisi/1992/231/schedule/14); [S.R. 1992/117](https://www.legislation.gov.uk/nisr/1992/117), [art. 3(1)](https://www.legislation.gov.uk/nisr/1992/117/article/3/1)
[^c23732961]: [S. 512](https://www.legislation.gov.uk/ukpga/1988/1/section/512) repealed (with effect in accordance with s. 46(4)(c)-(e) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(2)(c)(d)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/2/c/d), [Sch. 11 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/12), Note (with s. 46(7)); and s. 512(2) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23732941]: [S. 514](https://www.legislation.gov.uk/ukpga/1988/1/section/514) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 200](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/200), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611041]: [S. 519A](https://www.legislation.gov.uk/ukpga/1988/1/section/519A) inserted (17.9.1990) by [National Health Service and Community Care Act 1990 (c. 19)](https://www.legislation.gov.uk/ukpga/1990/19), [ss. 61(1)](https://www.legislation.gov.uk/ukpga/1990/19/section/61/1), [67(2)](https://www.legislation.gov.uk/ukpga/1990/19/section/67/2); [S.I. 1990/1329](https://www.legislation.gov.uk/uksi/1990/1329), [art. 2(5)(a)](https://www.legislation.gov.uk/uksi/1990/1329/article/2/5/a), [Sch. 2](https://www.legislation.gov.uk/uksi/1990/1329/schedule/2)
[^c23729671]: [S. 504A](https://www.legislation.gov.uk/ukpga/1988/1/section/504A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 197](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/197) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729691]: [Ss. 506A-506C](https://www.legislation.gov.uk/ukpga/1988/1/section/506A) inserted (with effect in accordance with [s. 54(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/54/2/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 54(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/54/1)
[^c22793631]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) inserted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/1)
[^c23572351]: [Pt. 12 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/5A) (ss. 502A-502L) inserted (with effect in accordance with [Sch. 8 para. 15](https://www.legislation.gov.uk/ukpga/2006/25/schedule/8/paragraph/15) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 8 para. 11](https://www.legislation.gov.uk/ukpga/2006/25/schedule/8/paragraph/11)
[^c22781151]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781171]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781181]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781191]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23734121]: Word in [s. 525](https://www.legislation.gov.uk/ukpga/1988/1/section/525) sidenote omitted (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611301]: Source - 1970 s.384
[^c22771341]: [S. 527(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/3) repealed (with effect in accordance with Sch. 14 Pt. 8 Note 5 of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 8](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/8)
[^c23734951]: [S. 529](https://www.legislation.gov.uk/ukpga/1988/1/section/529) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 206](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/206), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781231]: [S. 530](https://www.legislation.gov.uk/ukpga/1988/1/section/530) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 47](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/47), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781731]: [S. 534](https://www.legislation.gov.uk/ukpga/1988/1/section/534) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22781751]: [S. 535](https://www.legislation.gov.uk/ukpga/1988/1/section/535) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22781771]: [S. 537A](https://www.legislation.gov.uk/ukpga/1988/1/section/537A) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c21611651]: [Ss. 537A](https://www.legislation.gov.uk/ukpga/1988/1/section/537A), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) and preceding cross-heading inserted (1.8.1989) by [Intellectual Property Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(6)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/6); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c22781791]: [S. 538](https://www.legislation.gov.uk/ukpga/1988/1/section/538) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22797451]: [Pt. 13 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/1) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 20](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/20)
[^c23748731]: [S. 549](https://www.legislation.gov.uk/ukpga/1988/1/section/549) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 219](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/219), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748751]: [S. 550](https://www.legislation.gov.uk/ukpga/1988/1/section/550) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 220](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/220), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748771]: [S. 551](https://www.legislation.gov.uk/ukpga/1988/1/section/551) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 221](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/221), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782501]: [Ss. 552](https://www.legislation.gov.uk/ukpga/1988/1/section/552), [552ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA) substituted for s. 552 (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/18)
[^c23747361]: Words in [s. 552(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747041]: Words in [s. 552(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/b/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747101]: Words in [s. 552(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747121]: Words in [s. 552(5)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747141]: Words in [s. 552(5)(c)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/iii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747161]: Words in [s. 552(5)(c)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/v) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(iv)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/iv) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747061]: [S. 552(5)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/e) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747081]: [S. 552(5)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/f) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747031]: [S. 552(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/5)
[^c23747181]: Words in [s. 552(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747221]: Words in [s. 552(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747321]: [S. 552(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/10): words in definition of "amount" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747341]: [S. 552(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/10): definition of "chargeable event" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748321]: Words in [s. 552ZA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 223](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/223) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22780521]: [S. 522A](https://www.legislation.gov.uk/ukpga/1988/1/section/522A) restricted (6.4.1999) by [The Overseas Insurers (Tax Representatives) Regulations 1999 (S.I. 1999/881)](https://www.legislation.gov.uk/uksi/1999/881), [reg. 11(2)](https://www.legislation.gov.uk/uksi/1999/881/regulation/11/2)
[^c23748121]: Words in [s. 552A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22797621]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12) power exercised: 6.4.1999 appointed by [S.I. 1999/881](https://www.legislation.gov.uk/uksi/1999/881), [reg. 3](https://www.legislation.gov.uk/uksi/1999/881/regulation/3)
[^c23748061]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "capital redemption policy" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748081]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "contract for a life annuity" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748101]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "policy of life insurance" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782541]: [S. 552B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/552B/2) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 19](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/19)
[^c23748261]: [S. 552B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/552B/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 225](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/225) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748791]: [S. 554](https://www.legislation.gov.uk/ukpga/1988/1/section/554) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 229](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/229), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777841]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) restricted (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/3/2) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16))
[^c22780461]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) applied (with modifications) (6.4.1999) by [The Individual Savings Account Regulations 1998 (S.I. 1998/1870)](https://www.legislation.gov.uk/uksi/1998/1870), [regs. 35(7)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/35/7), [36(3)-(7)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/36/3) (as amended by [The Individual Savings Account (Amendment) Regulations 1998 (S.I. 1998/3174)](https://www.legislation.gov.uk/uksi/1998/3174), [reg. 12](https://www.legislation.gov.uk/uksi/1998/3174/regulation/12))
[^c22780481]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) applied (with modifications) (6.4.1999 with effect in accordance with reg. 1 of the affecting S.I.) by [The Personal Portfolio Bonds (Tax) Regulations 1999 (S.I. 1999/1029)](https://www.legislation.gov.uk/uksi/1999/1029), [reg. 6(2)-(8)](https://www.legislation.gov.uk/uksi/1999/1029/regulation/6/2) (as amended (6.4.2002) by [The Personal Portfolio Bonds (Tax) (Amendment) Regulations 2002 (S.I. 2002/455)](https://www.legislation.gov.uk/uksi/2002/455), [regs. 1](https://www.legislation.gov.uk/uksi/2002/455/regulation/1), [2](https://www.legislation.gov.uk/uksi/2002/455/regulation/2))
[^c23735051]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/3)
[^c23735061]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 15](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/15)
[^c23735091]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (6.4.2005) by [The Child Trust Funds Regulations 2004 (S.I. 2004/1450)](https://www.legislation.gov.uk/uksi/2004/1450), [regs. 1](https://www.legislation.gov.uk/uksi/2004/1450/regulation/1), [2(1)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/2/1), [38(3)-(8)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/38/3); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23735101]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 14(5)-(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/14/5)
[^c23735071]: [S. 539ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/539ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 211](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/211) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23735031]: [S. 539A](https://www.legislation.gov.uk/ukpga/1988/1/section/539A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 2](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/2)
[^c22782261]: [S. 546A](https://www.legislation.gov.uk/ukpga/1988/1/section/546A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 9](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/9)
[^c22782281]: [Ss. 546B-546D](https://www.legislation.gov.uk/ukpga/1988/1/section/546B) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/10)
[^c22779141]: [S. 547A](https://www.legislation.gov.uk/ukpga/1988/1/section/547A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/2)
[^c23735111]: [Ss. 548A](https://www.legislation.gov.uk/ukpga/1988/1/section/548A), [548B](https://www.legislation.gov.uk/ukpga/1988/1/section/548B) inserted (with effect in accordance with [s. 29(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 29(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/1)
[^c22779161]: [Ss. 551A](https://www.legislation.gov.uk/ukpga/1988/1/section/551A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/3)
[^c22782521]: [Ss. 552](https://www.legislation.gov.uk/ukpga/1988/1/section/552), [552ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA) substituted for s. 552 (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/18)
[^c23748041]: [S. 552ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZB) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 10](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/10)
[^c22779181]: [Ss. 552A](https://www.legislation.gov.uk/ukpga/1988/1/section/552A), [552B](https://www.legislation.gov.uk/ukpga/1988/1/section/552B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 87](https://www.legislation.gov.uk/ukpga/1998/36/section/87)
[^c22779201]: [S. 553A](https://www.legislation.gov.uk/ukpga/1988/1/section/553A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/88/1)
[^c22779221]: [S. 553B](https://www.legislation.gov.uk/ukpga/1988/1/section/553B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 88(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/88/2)
[^c22779241]: [S. 553C](https://www.legislation.gov.uk/ukpga/1988/1/section/553C) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 89](https://www.legislation.gov.uk/ukpga/1998/36/section/89)
[^c22779781]: Word in [s. 557](https://www.legislation.gov.uk/ukpga/1988/1/section/557) sidenote substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23749261]: [S. 557](https://www.legislation.gov.uk/ukpga/1988/1/section/557) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 231](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/231), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775021]: [S. 563](https://www.legislation.gov.uk/ukpga/1988/1/section/563) repealed (with effect in accordance with Sch. 27 para. 8(1), Sch. 29 Pt. 8(21) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/5), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22783081]: [S. 559A](https://www.legislation.gov.uk/ukpga/1988/1/section/559A) inserted (with effect in accordance with [s. 40(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 40(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/1)
[^c21614031]: Source-1970 s.406
[^c23749561]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 232(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/232/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22779901]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21614041]: Source-1970 s.407; 1971 Sch.6 45
[^c21614051]: Source-1970 s.408
[^c22779911]: Words in [s. 570(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22776131]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/a), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22776471]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) inserted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/b)
[^c22776501]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/c)
[^c22776521]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) added (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/d)
[^c21614061]: Source-1970 s.409
[^c21614071]: Source-1970 s.410
[^c23754361]: [S. 576A](https://www.legislation.gov.uk/ukpga/1988/1/section/576A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 121](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/121) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754401]: [S. 576C](https://www.legislation.gov.uk/ukpga/1988/1/section/576C) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 123](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/123) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754421]: [S. 576D](https://www.legislation.gov.uk/ukpga/1988/1/section/576D) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 124](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/124) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754441]: [S. 576E](https://www.legislation.gov.uk/ukpga/1988/1/section/576E) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 125](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/125) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754461]: [S. 576F](https://www.legislation.gov.uk/ukpga/1988/1/section/576F) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 126](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/126) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754481]: [S. 576G](https://www.legislation.gov.uk/ukpga/1988/1/section/576G) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 127](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/127) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754501]: [S. 576H](https://www.legislation.gov.uk/ukpga/1988/1/section/576H) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 128](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/128) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754521]: [S. 576I](https://www.legislation.gov.uk/ukpga/1988/1/section/576I) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 129](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/129) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754581]: [S. 576K](https://www.legislation.gov.uk/ukpga/1988/1/section/576K) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 131](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/131) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754381]: [S. 576B](https://www.legislation.gov.uk/ukpga/1988/1/section/576B) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/122) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754541]: [S. 576J](https://www.legislation.gov.uk/ukpga/1988/1/section/576J) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 130](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/130) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754561]: [S. 576L](https://www.legislation.gov.uk/ukpga/1988/1/section/576L) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 132](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/132) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614481]: [S. 577A](https://www.legislation.gov.uk/ukpga/1988/1/section/577A) inserted (with application in accordance with [s. 123(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/123/2) of the amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 123(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/123/1/2)
[^c23762911]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762931]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762951]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762971]: [S. 581](https://www.legislation.gov.uk/ukpga/1988/1/section/581) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 241](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/241), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614611]: [S. 582A](https://www.legislation.gov.uk/ukpga/1988/1/section/582A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 118(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/118/1)
[^c23762991]: [S. 583](https://www.legislation.gov.uk/ukpga/1988/1/section/583) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 244](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/244), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763011]: [S. 585](https://www.legislation.gov.uk/ukpga/1988/1/section/585) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 246](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/246), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614811]: [S. 587A](https://www.legislation.gov.uk/ukpga/1988/1/section/587A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/1) (with application as referred to in Sch. 12 para. 5 of that Act)
[^c22783241]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) sidenote substituted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/4)
[^c23762891]: [S. 589](https://www.legislation.gov.uk/ukpga/1988/1/section/589) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 68](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/68), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21614841]: [Ss. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A), [589B](https://www.legislation.gov.uk/ukpga/1988/1/section/589B) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 108](https://www.legislation.gov.uk/ukpga/1993/34/section/108)
[^c21614851]: [Ss. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A), [589B](https://www.legislation.gov.uk/ukpga/1988/1/section/589B) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 108](https://www.legislation.gov.uk/ukpga/1993/34/section/108)
[^c23762491]: [S. 589B(1)-(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 70(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/70/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22782811]: [S. 589B(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/4/4A) substituted for s. 589B(4) (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 13](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/13)
[^c22781691]: [Ss. 578A](https://www.legislation.gov.uk/ukpga/1988/1/section/578A), [578B](https://www.legislation.gov.uk/ukpga/1988/1/section/578B) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 52](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/52) (with [Sch. 3 para. 113](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/113))
[^c22776541]: [Ss. 580A](https://www.legislation.gov.uk/ukpga/1988/1/section/580A), [580B](https://www.legislation.gov.uk/ukpga/1988/1/section/580B) inserted (with effect in accordance with [s. 143(2)-(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/143/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 143(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/143/1)
[^c23754861]: [S. 580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580C) inserted (with effect in accordance with [s. 147(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 147(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/3)
[^c23754881]: [S. 581A](https://www.legislation.gov.uk/ukpga/1988/1/section/581A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 242](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/242) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781081]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) inserted (with effect in accordance with [s. 43(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 43(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/1)
[^c23754901]: [S. 587BA](https://www.legislation.gov.uk/ukpga/1988/1/section/587BA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 138](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/138) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22783361]: [S. 587C](https://www.legislation.gov.uk/ukpga/1988/1/section/587C) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/5)
[^c23754351]: [Pt 13 Ch. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/6): ss. 573, 575 and 576 transposed to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 paras. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3), [119(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/7), [120(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23733521]: [Pt. 13 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/5A) created (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21615481]: [S. 591B](https://www.legislation.gov.uk/ukpga/1988/1/section/591B) inserted (retrospectively) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 36(1)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/36/1/3)
[^c22888681]: [Ss. 591C](https://www.legislation.gov.uk/ukpga/1988/1/section/591C), [591D](https://www.legislation.gov.uk/ukpga/1988/1/section/591D) inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/1)
[^c23481531]: [Ss. 595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [596](https://www.legislation.gov.uk/ukpga/1988/1/section/596) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 74](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/74), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481551]: [Ss. 595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [596](https://www.legislation.gov.uk/ukpga/1988/1/section/596) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 74](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/74), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23561991]: [Ss. 596A](https://www.legislation.gov.uk/ukpga/1988/1/section/596A), [596B](https://www.legislation.gov.uk/ukpga/1988/1/section/596B) inserted (with effect in accordance with [Sch. 6 para. 18(7)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/7) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/9)
[^c23481561]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23562001]: [Ss. 596A](https://www.legislation.gov.uk/ukpga/1988/1/section/596A), [596B](https://www.legislation.gov.uk/ukpga/1988/1/section/596B) inserted (with effect in accordance with [Sch. 6 para. 18(7)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/7) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/9)
[^c23481571]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481581]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481591]: [S. 597](https://www.legislation.gov.uk/ukpga/1988/1/section/597) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 76](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/76), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481601]: [S. 600](https://www.legislation.gov.uk/ukpga/1988/1/section/600) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 78](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/78), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22891971]: [S. 596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596C) inserted (with effect in accordance with [s. 93(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 93(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/3)
[^c21616331]: [S. 611A](https://www.legislation.gov.uk/ukpga/1988/1/section/611A) inserted (14.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 paras. 15](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/15), [18(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/1)
[^c22887611]: [S. 605A](https://www.legislation.gov.uk/ukpga/1988/1/section/605A) inserted (with application in accordance with [s. 106(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/106/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 106(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/106/1)
[^c22892311]: [S. 606A](https://www.legislation.gov.uk/ukpga/1988/1/section/606A) inserted (with effect in accordance with [Sch. 15 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/6/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 6(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/6/1)
[^c22887691]: [S. 611AA](https://www.legislation.gov.uk/ukpga/1988/1/section/611AA) inserted (with application in accordance with [s. 103(3)](https://www.legislation.gov.uk/ukpga/1994/4/section/103/3) of the amending Act) by [Finance Act 1994 (c. 4)](https://www.legislation.gov.uk/ukpga/1994/4), [s. 103(1)](https://www.legislation.gov.uk/ukpga/1994/4/section/103/1)
[^c21614871]: [Pt. 14 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/14/chapter/1) (ss. 590-612) modified (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 18](https://www.legislation.gov.uk/ukpga/1993/8/section/18), [19(4)](https://www.legislation.gov.uk/ukpga/1993/8/section/19/4), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21616421]: Source-1970 s.211(1), (4)
[^c23481791]: [S. 613(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 83](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/83), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616441]: Source-1970 s.211(2) 1981 s.50(1); PPA 1987 Sch.3 2(1)
[^c22893861]: [S. 613(4)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4/bb) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/4)
[^c22887731]: [S. 614(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/1) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c21616501]: Source-1970 s.213(1)
[^c21616511]: [1935 c. 2](https://www.legislation.gov.uk/ukpga/1935/2).
[^c21616521]: [1973 c. 21](https://www.legislation.gov.uk/ukpga/1973/21).
[^c22889521]: [S. 614(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 34](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/34) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23483781]: Words in [s. 614(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/2A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 261](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/261) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616531]: Source-1970 s.214(2), 216(2); 1973 s.53(1)
[^c23482251]: Words in [s. 614(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 84](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/84) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616541]: Source-1970 s.217(2), (4)
[^c21616551]: [1966 c. 21](https://www.legislation.gov.uk/ukpga/1966/21).
[^c21616561]: Source-1970 s.218(1)
[^c21616571]: Source-1970 s.212(3), 213(1), 214(3), 216(2), 217(2), 218(1); 1987 Sch.15 2(13)
[^c23481801]: [S. 615(1)(2)(4)(5)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/1/2/4/5/8) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 85](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/85), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616951]: Source-1970 s.218(3)
[^c21616991]: Source-1970 s.218(4)
[^c22893881]: Words in [s. 615(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/6/b) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/11)
[^c21617001]: Source-1970 s.214(5), 215(3), 216(4), 217(4)
[^c21617011]: [1971 c. 56](https://www.legislation.gov.uk/ukpga/1971/56).
[^c22900881]: [S. 615(9)(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/9/10) inserted (17.6.2002) by [International Development Act 2002 (c. 1)](https://www.legislation.gov.uk/ukpga/2002/1), [s. 20(2)](https://www.legislation.gov.uk/ukpga/2002/1/section/20/2), [Sch. 3 para. 9(3)](https://www.legislation.gov.uk/ukpga/2002/1/schedule/3/paragraph/9/3) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2002/1/schedule/5)); [S.I. 2002/1408](https://www.legislation.gov.uk/uksi/2002/1408), [art. 2](https://www.legislation.gov.uk/uksi/2002/1408/article/2)
[^c23481611]: [S. 616](https://www.legislation.gov.uk/ukpga/1988/1/section/616) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 86](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/86), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481971]: [S. 617A](https://www.legislation.gov.uk/ukpga/1988/1/section/617A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 88](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/88), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481951]: [S. 617A](https://www.legislation.gov.uk/ukpga/1988/1/section/617A) inserted (prosp.) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 3 para. 14](https://www.legislation.gov.uk/ukpga/2002/21/schedule/3/paragraph/14) (the insertion being brought into force at 6.4.2003 by [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(d)(iii)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/d/iii))
[^c22901101]: [S. 627](https://www.legislation.gov.uk/ukpga/1988/1/section/627) repealed (with effect as mentioned in s. 228(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 228(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/228/2/a), [Sch. 26 Pt. 5(25)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/25), Note 1
[^c22893921]: [S. 629](https://www.legislation.gov.uk/ukpga/1988/1/section/629) applied (with modifications) (with effect in accordance with s. 52(2) of the affecting Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/6)
[^c21618141]: Source-1970 s.229
[^c21618151]: [1987 c. 45](https://www.legislation.gov.uk/ukpga/1987/45).
[^c22897701]: [S. 631A](https://www.legislation.gov.uk/ukpga/1988/1/section/631A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 7](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897721]: [Ss. 632A](https://www.legislation.gov.uk/ukpga/1988/1/section/632A), [632B](https://www.legislation.gov.uk/ukpga/1988/1/section/632B) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/8) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22888971]: [S. 634A](https://www.legislation.gov.uk/ukpga/1988/1/section/634A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/4)
[^c22889111]: [S. 636A](https://www.legislation.gov.uk/ukpga/1988/1/section/636A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/7)
[^c22889151]: [Ss. 637](https://www.legislation.gov.uk/ukpga/1988/1/section/637), [637A](https://www.legislation.gov.uk/ukpga/1988/1/section/637A) substituted for s. 637 (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/8)
[^c22898641]: [S. 638ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/638ZA) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 14](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/14) (with [Sch 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22892371]: [S. 638A](https://www.legislation.gov.uk/ukpga/1988/1/section/638A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 94(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/94/1)
[^c21618751]: [S. 640A](https://www.legislation.gov.uk/ukpga/1988/1/section/640A) inserted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/4/2) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/4/1)
[^c22898961]: [S. 641](https://www.legislation.gov.uk/ukpga/1988/1/section/641) repealed (with effect in accordance with Sch. 13 para. 17 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40) Pt, 2(4), Note 3 (with Sch. 13 Pt. 2)
[^c22899051]: [S. 642](https://www.legislation.gov.uk/ukpga/1988/1/section/642) repealed (with effect in accordance with Sch. 13 para. 19 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40) Pt, 2(4), Note 4 (with Sch. 13 Pt. 2)
[^c21618991]: [S. 646A](https://www.legislation.gov.uk/ukpga/1988/1/section/646A) inserted (with effect in accordance with [Sch. 7 para. 8(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/8/2) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 7 para. 8(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/8/1)
[^c22899001]: [S. 641A](https://www.legislation.gov.uk/ukpga/1988/1/section/641A) inserted (with effect in accordance with [Sch. 13 para. 18(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/18/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 18(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/18/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899321]: [Ss. 646B](https://www.legislation.gov.uk/ukpga/1988/1/section/646B), [646C](https://www.legislation.gov.uk/ukpga/1988/1/section/646C) inserted (with effect in accordance with [Sch. 13 para. 22(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/22/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 22(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/22/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899381]: [S. 646D](https://www.legislation.gov.uk/ukpga/1988/1/section/646D) inserted (with effect in accordance with [Sch. 13 para. 23(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/23/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/23/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23481621]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481631]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481641]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22889261]: Cross-heading preceding s. 648A omitted (1.5.1995) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/12)
[^c22889231]: [S. 648B](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/12)
[^c22900041]: [S. 652](https://www.legislation.gov.uk/ukpga/1988/1/section/652) repealed (1.10.2000) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 96(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/96/4), [Sch. 27 Pt. 3(21)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/21), Note; [S.I. 2000/2319](https://www.legislation.gov.uk/uksi/2000/2319), [art. 2](https://www.legislation.gov.uk/uksi/2000/2319/article/2)
[^c22892441]: [S. 650A](https://www.legislation.gov.uk/ukpga/1988/1/section/650A) inserted (with effect in accordance with [s. 95(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 95(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/1)
[^c22892461]: [S. 651A](https://www.legislation.gov.uk/ukpga/1988/1/section/651A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 96(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/96/1)
[^c22892481]: [S. 653A](https://www.legislation.gov.uk/ukpga/1988/1/section/653A) inserted (with effect in accordance with [s. 97(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/97/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/97/1)
[^c22888871]: [Pt. 14 Ch. 5](https://www.legislation.gov.uk/ukpga/1988/1/part/14/chapter/5) excluded (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 60(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/60/5)
[^c22887791]: [S. 648A](https://www.legislation.gov.uk/ukpga/1988/1/section/648A) and preceding cross-heading inserted (with application in accordance with [s. 109(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/109/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/109/1)
[^c21619451]: [S. 659](https://www.legislation.gov.uk/ukpga/1988/1/section/659) repealed (with effect in accordance with s. 81(7)(8) of the repealing Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/4), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 9
[^c21619461]: [S. 659A](https://www.legislation.gov.uk/ukpga/1988/1/section/659A) inserted (with effect in accordance with [s. 81(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/5) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/2)
[^c22901211]: [S. 658A](https://www.legislation.gov.uk/ukpga/1988/1/section/658A) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 98(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/98/1)
[^c22888751]: [Ss. 659B](https://www.legislation.gov.uk/ukpga/1988/1/section/659B), [659C](https://www.legislation.gov.uk/ukpga/1988/1/section/659C) inserted (with effect in accordance with [s. 60](https://www.legislation.gov.uk/ukpga/1995/4/section/60) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 59(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/59/5)
[^c22901291]: [S. 659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659D) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 17](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/17)
[^c22901331]: [S. 659E](https://www.legislation.gov.uk/ukpga/1988/1/section/659E) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/2)
[^c23763571]: [Ss. 660A](https://www.legislation.gov.uk/ukpga/1988/1/section/660A), [660B](https://www.legislation.gov.uk/ukpga/1988/1/section/660B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 271](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/271), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763591]: [Ss. 660A](https://www.legislation.gov.uk/ukpga/1988/1/section/660A), [660B](https://www.legislation.gov.uk/ukpga/1988/1/section/660B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 271](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/271), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763491]: [S. 660C(1)-(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23312361]: [S. 660C(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/1A) inserted (with effect in accordance with [Sch. 4 para. 14(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/14/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 14(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/14/3)
[^c23763471]: [S. 660C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763611]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763631]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763651]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763671]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23288571]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) excluded (with effect in accordance with s. 44(6) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 44(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/44/1)
[^c23288581]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) modified (with effect in accordance with s. 45(3) of the modifying Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 45(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/45/1)
[^c23765121]: [S. 677](https://www.legislation.gov.uk/ukpga/1988/1/section/677) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 274](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/274), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765141]: [S. 678](https://www.legislation.gov.uk/ukpga/1988/1/section/678) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 275](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/275), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23313211]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313231]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313241]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23765161]: [Ss. 682](https://www.legislation.gov.uk/ukpga/1988/1/section/682), [682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/276), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765181]: [Ss. 682](https://www.legislation.gov.uk/ukpga/1988/1/section/682), [682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/276), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22900941]: [Pt. 15 Ch. 1B](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1B) heading inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/8)
[^c23313251]: [S. 682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/11)
[^c22900961]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900971]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900981]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900991]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313571]: [S. 686](https://www.legislation.gov.uk/ukpga/1988/1/section/686) sidenote substituted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/8)
[^c23767191]: [S. 688](https://www.legislation.gov.uk/ukpga/1988/1/section/688) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 279](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/279), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23313831]: [S. 689](https://www.legislation.gov.uk/ukpga/1988/1/section/689) repealed (with effect in accordance with s. 74(2), Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/15), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22901001]: Cross-heading before s. 686 replaced by Pt. 15 Ch. 1C heading (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/12)
[^c23765271]: [Ss. 685A-685G](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) inserted (coming into force and with effect in accordance with [Sch. 13 para. 1(2)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/1/1)
[^c23313651]: [S. 686A](https://www.legislation.gov.uk/ukpga/1988/1/section/686A) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(9)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/9)
[^c23765231]: [Ss. 686B](https://www.legislation.gov.uk/ukpga/1988/1/section/686B), [686C](https://www.legislation.gov.uk/ukpga/1988/1/section/686C) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 100](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/100) (with [Sch. 2 para. 87](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/87), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23765251]: [S. 686D](https://www.legislation.gov.uk/ukpga/1988/1/section/686D) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/1)
[^c23765291]: [S. 686E](https://www.legislation.gov.uk/ukpga/1988/1/section/686E) inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 4(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/4/2/3)
[^c23313631]: [S. 687A](https://www.legislation.gov.uk/ukpga/1988/1/section/687A) inserted (with effect in accordance with [s. 27(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/27/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 27(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/27/1)
[^c22900951]: [Pt. 15 Ch. 1C](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1C) heading substituted for heading before s. 686 (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/12)
[^c23765221]: [Pt. 15 Ch. 1C](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1C) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 457(1)(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/457/1/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767891]: [S. 694](https://www.legislation.gov.uk/ukpga/1988/1/section/694) sidenote substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/4/paragraph/2)
[^c23288561]: [Pt. 15](https://www.legislation.gov.uk/ukpga/1988/1/part/15) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 6(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/6/1) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22900921]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) inserted (in place of ss. 660-676, 683-685) (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/1)
[^c23313851]: [Pt. 15 Ch. 1D](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1D) (ss. 689A, 689B) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/16)
[^c23769431]: Word in [s. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621991]: [S. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/2), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c23770801]: [S. 699](https://www.legislation.gov.uk/ukpga/1988/1/section/699) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 289](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/289), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22901551]: [S. 699A](https://www.legislation.gov.uk/ukpga/1988/1/section/699A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/4)
[^c23314131]: [Ss. 705A](https://www.legislation.gov.uk/ukpga/1988/1/section/705A), [705B](https://www.legislation.gov.uk/ukpga/1988/1/section/705B) inserted (1.1.1994) by [The General and Special Commissioners (Amendment of Enactments) Regulations 1994 (S.I. 1994/1813)](https://www.legislation.gov.uk/uksi/1994/1813), [reg. 1(1)](https://www.legislation.gov.uk/uksi/1994/1813/regulation/1/1), [Sch. 1 para. 24](https://www.legislation.gov.uk/uksi/1994/1813/schedule/1/paragraph/24)
[^c22992681]: [S. 724](https://www.legislation.gov.uk/ukpga/1988/1/section/724) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c21624971]: [S. 725](https://www.legislation.gov.uk/ukpga/1988/1/section/725) repealed (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 5
[^c21625001]: [S. 726](https://www.legislation.gov.uk/ukpga/1988/1/section/726) repealed (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21625011]: [S. 726A](https://www.legislation.gov.uk/ukpga/1988/1/section/726A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 paras. 2](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/2), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5)
[^c23006161]: [S. 722A](https://www.legislation.gov.uk/ukpga/1988/1/section/722A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/6)
[^c22903261]: [S. 727A](https://www.legislation.gov.uk/ukpga/1988/1/section/727A) inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 79(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/1) (with [s. 79(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/4))
[^c22992701]: [S. 729](https://www.legislation.gov.uk/ukpga/1988/1/section/729) repealed (with effect in accordance with s. 159(1)(10) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23774521]: [S. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) heading substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/12)
[^c23782261]: [S. 730C](https://www.legislation.gov.uk/ukpga/1988/1/section/730C) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 301](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/301), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22903331]: [Ss. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A), [730B](https://www.legislation.gov.uk/ukpga/1988/1/section/730B) inserted (with effect in accordance with [s. 80(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/1)
[^c23774831]: [S. 730BB](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 12](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/12)
[^c23006261]: [S. 730C](https://www.legislation.gov.uk/ukpga/1988/1/section/730C) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/7)
[^c21625441]: [S. 736A](https://www.legislation.gov.uk/ukpga/1988/1/section/736A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg. 2(a)](https://www.legislation.gov.uk/uksi/1992/173/regulation/2/a); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(a)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/a), [4(1)](https://www.legislation.gov.uk/uksi/1993/933/regulation/4/1))
[^c23131691]: [S. 737](https://www.legislation.gov.uk/ukpga/1988/1/section/737) repealed (with effect in accordance with Sch. 10 para. 16(1), Sch. 18 Pt. 6(10) Notes 3, 6 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 8](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/8), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10) (with [Sch. 10 para. 16(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/3)); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23130271]: [S. 736B](https://www.legislation.gov.uk/ukpga/1988/1/section/736B) inserted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23776191]: [S. 736C](https://www.legislation.gov.uk/ukpga/1988/1/section/736C) inserted (with effect in accordance with [Sch. 6 para. 3(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/3/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/3/1)
[^c23776211]: [S. 736D](https://www.legislation.gov.uk/ukpga/1988/1/section/736D) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/3)
[^c22902581]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 122](https://www.legislation.gov.uk/ukpga/1994/9/section/122)
[^c23781481]: [S. 737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) sidenote substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by virtue of [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 13(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/13/4)
[^c22903631]: [Ss. 737D](https://www.legislation.gov.uk/ukpga/1988/1/section/737D), [737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 83(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/83/1)
[^c23782541]: [S. 741](https://www.legislation.gov.uk/ukpga/1988/1/section/741) sidenote substituted (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/2/4/5)
[^c23782681]: [S. 742](https://www.legislation.gov.uk/ukpga/1988/1/section/742) sidenote substituted (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(5)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/5/6)
[^c23782561]: [S. 741A](https://www.legislation.gov.uk/ukpga/1988/1/section/741A) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 3](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/3)
[^c23782581]: [Ss. 741B](https://www.legislation.gov.uk/ukpga/1988/1/section/741B), [741C](https://www.legislation.gov.uk/ukpga/1988/1/section/741C) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/4)
[^c23782601]: [S. 741D](https://www.legislation.gov.uk/ukpga/1988/1/section/741D) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/5)
[^c23787951]: [S. 747A](https://www.legislation.gov.uk/ukpga/1988/1/section/747A) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 24(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/24/1), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23228321]: [S. 748](https://www.legislation.gov.uk/ukpga/1988/1/section/748) sidenote substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229041]: [Ss. 749-749B](https://www.legislation.gov.uk/ukpga/1988/1/section/749) substituted for s. 749 (with effect in accordance with [Sch.17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228571]: [Ss. 752-752C](https://www.legislation.gov.uk/ukpga/1988/1/section/752) substituted for s. 752 (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228611]: [S. 753](https://www.legislation.gov.uk/ukpga/1988/1/section/753) repealed (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/8), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229001]: [S. 755](https://www.legislation.gov.uk/ukpga/1988/1/section/755) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/12), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22903691]: [S. 747A](https://www.legislation.gov.uk/ukpga/1988/1/section/747A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/2)
[^c23783101]: [S. 748ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/748ZA) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/5)
[^c23312911]: [S. 748A](https://www.legislation.gov.uk/ukpga/1988/1/section/748A) inserted (with effect in accordance with [s. 89(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 89(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/2)
[^c23229061]: [Ss. 749-749B](https://www.legislation.gov.uk/ukpga/1988/1/section/749) substituted for s. 749 (with effect in accordance with [Sch.17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23310811]: [S. 750A](https://www.legislation.gov.uk/ukpga/1988/1/section/750A) inserted (with effect in accordance with [Sch. 31 para. 9(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/3)
[^c23783061]: [S. 751AA](https://www.legislation.gov.uk/ukpga/1988/1/section/751AA) inserted (with effect in accordance with [Sch. 16 para. 25](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/25) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 16 para. 23](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/23)
[^c23783081]: [S. 751AB](https://www.legislation.gov.uk/ukpga/1988/1/section/751AB) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/2)
[^c23783121]: [S. 751AC](https://www.legislation.gov.uk/ukpga/1988/1/section/751AC) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 7](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/7)
[^c23228591]: [Ss. 752-752C](https://www.legislation.gov.uk/ukpga/1988/1/section/752) substituted for s. 752 (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229081]: [S. 754A](https://www.legislation.gov.uk/ukpga/1988/1/section/754A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229101]: [S. 754B](https://www.legislation.gov.uk/ukpga/1988/1/section/754B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/11); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229121]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 13](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/13); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229141]: [S. 755B](https://www.legislation.gov.uk/ukpga/1988/1/section/755B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/14); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229161]: [S. 755C](https://www.legislation.gov.uk/ukpga/1988/1/section/755C) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 15](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/15); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23311081]: [S. 755D](https://www.legislation.gov.uk/ukpga/1988/1/section/755D) inserted (with effect in accordance with [Sch. 31 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/1)
[^c23788241]: [Ss. 762ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/762ZA), [762ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/762ZB) inserted (with effect in accordance with [Sch. 7 para. 98](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/98) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 94](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/94)
[^c23788221]: [S. 762A](https://www.legislation.gov.uk/ukpga/1988/1/section/762A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/1) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23788201]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) and preceding cross-headings inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21627061]: [S. 765A](https://www.legislation.gov.uk/ukpga/1988/1/section/765A) inserted (with effect in accordance with [s. 68(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/68/4) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 68(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/68/2)
[^c21627211]: [S. 768A](https://www.legislation.gov.uk/ukpga/1988/1/section/768A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 20(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/20/1)
[^c23790991]: [S. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B) sidenote substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/7)
[^c23229571]: [S. 767AA](https://www.legislation.gov.uk/ukpga/1988/1/section/767AA) inserted (with effect in accordance with [s. 114(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/114/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 114(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/114/1)
[^c23229591]: [S. 767C](https://www.legislation.gov.uk/ukpga/1988/1/section/767C) inserted (with effect in accordance with [s. 115(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/115/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 115(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/115/1)
[^c22903801]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) inserted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/2)
[^c23229611]: [S. 768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 31](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/31) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23313061]: [S. 768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768E) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/3)
[^c23229641]: [S. 770A](https://www.legislation.gov.uk/ukpga/1988/1/section/770A) substituted for ss. 770-773 (with effect in accordance with [s. 108(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 108(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23790671]: [S. 775A](https://www.legislation.gov.uk/ukpga/1988/1/section/775A) inserted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/4/2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/4/1)
[^c23790691]: [Ss. 785ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/785ZA), [785ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/785ZB) inserted (with effect in accordance with [s. 83(4)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 83(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/2)
[^c23790651]: [S. 785A](https://www.legislation.gov.uk/ukpga/1988/1/section/785A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/135/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 135(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/135/1)
[^c23790751]: [Ss. 785B-785E](https://www.legislation.gov.uk/ukpga/1988/1/section/785B) inserted (with effect in accordance with [Sch. 20 para. 1(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 1(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/1) (with transitional modifications in [Sch. 20 para. 1(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/3))
[^c23790711]: [Ss. 774A-774G](https://www.legislation.gov.uk/ukpga/1988/1/section/774A) and preceding cross-heading inserted (with effect in accordance with [Sch. 6 para. 6(2)-(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/6/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 6(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/6/1)
[^c22810311]: Word in [s. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) sidenote substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/b)
[^c21627711]: [Pt. 18 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/2) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22894971]: Word in [s. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) sidenote substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/3)
[^c22895131]: Words in [s. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) sidenote added (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/3)
[^c22894431]: [S. 793A](https://www.legislation.gov.uk/ukpga/1988/1/section/793A) inserted (with effect in accordance with [Sch. 30 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/5/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/5/1)
[^c22894451]: [S. 795A](https://www.legislation.gov.uk/ukpga/1988/1/section/795A) inserted (with effect in accordance with [Sch. 30 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/6/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/6/1)
[^c22894321]: [S. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 43](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/43) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894681]: [S. 797B](https://www.legislation.gov.uk/ukpga/1988/1/section/797B) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/4)
[^c22894341]: [S. 798A](https://www.legislation.gov.uk/ukpga/1988/1/section/798A) inserted (with effect in accordance with [s. 103(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/103/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 104](https://www.legislation.gov.uk/ukpga/1998/36/section/104)
[^c22894361]: [S. 798B](https://www.legislation.gov.uk/ukpga/1988/1/section/798B) inserted (with effect in accordance with [s. 103(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/103/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 105](https://www.legislation.gov.uk/ukpga/1998/36/section/105)
[^c23803101]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c22895851]: [S. 800](https://www.legislation.gov.uk/ukpga/1988/1/section/800) repealed (with effect in accordance with Sch. 30 para. 10(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 10(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/10/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22896251]: [S. 802](https://www.legislation.gov.uk/ukpga/1988/1/section/802) repealed (with effect in accordance with Sch. 30 para. 14(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 14(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/14/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22895991]: [S. 801A](https://www.legislation.gov.uk/ukpga/1988/1/section/801A) inserted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/90/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/90/1)
[^c22896011]: [S. 801B](https://www.legislation.gov.uk/ukpga/1988/1/section/801B) inserted (with effect in accordance with [Sch. 30 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/12/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/12/1)
[^c22896031]: [S. 801C](https://www.legislation.gov.uk/ukpga/1988/1/section/801C) inserted (with effect in accordance with [Sch. 30 para. 13(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/13/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 13(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/13/1)
[^c22896051]: [S. 803A](https://www.legislation.gov.uk/ukpga/1988/1/section/803A) inserted (with effect in accordance with [Sch. 30 para. 15(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/15/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 15(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/15/1)
[^c22897451]: [S. 804A](https://www.legislation.gov.uk/ukpga/1988/1/section/804A) sidenote substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/5)
[^c21628031]: [S. 804A](https://www.legislation.gov.uk/ukpga/1988/1/section/804A) inserted (with effect in accordance with [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/5)
[^c23804151]: [Ss. 804ZA-804ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/804ZA) inserted (with effect in accordance with [s. 87(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/87/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/87/1)
[^c22897151]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) inserted (with effect in accordance with [Sch. 30 para. 17(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/17/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 17(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/17/1)
[^c22897171]: [Ss. 804C-804E](https://www.legislation.gov.uk/ukpga/1988/1/section/804C) inserted (with effect in accordance with [Sch. 30 para. 18(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/18/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 18(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/18/1)
[^c22897191]: [S. 804F](https://www.legislation.gov.uk/ukpga/1988/1/section/804F) inserted (with effect in accordance with [Sch. 30 para. 19(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/19/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 19(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/19/1)
[^c23804171]: [S. 804G](https://www.legislation.gov.uk/ukpga/1988/1/section/804G) inserted (with effect in accordance with [s. 59(13)](https://www.legislation.gov.uk/ukpga/2009/10/section/59/13) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 59(2)](https://www.legislation.gov.uk/ukpga/2009/10/section/59/2)
[^c21627851]: [Pt. 18 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/2) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22897951]: [Ss. 806A-806H](https://www.legislation.gov.uk/ukpga/1988/1/section/806A), [806J](https://www.legislation.gov.uk/ukpga/1988/1/section/806J) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 21(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/21/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 21(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/21/1)
[^c22897971]: [S. 806K](https://www.legislation.gov.uk/ukpga/1988/1/section/806K) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 22(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/22/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 22(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/22/1)
[^c22897991]: [Ss. 806L](https://www.legislation.gov.uk/ukpga/1988/1/section/806L), [806M](https://www.legislation.gov.uk/ukpga/1988/1/section/806M) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 23(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/23/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/23/1)
[^c21628131]: [S. 808A](https://www.legislation.gov.uk/ukpga/1988/1/section/808A) inserted (16.7.1992 with application in relation to interest paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s.52](https://www.legislation.gov.uk/ukpga/1992/48/section/52)
[^c22899601]: [S. 810](https://www.legislation.gov.uk/ukpga/1988/1/section/810) repealed (with effect in accordance with Sch. 30 para. 26(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 26(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/26/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c21628341]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 50](https://www.legislation.gov.uk/ukpga/1992/48/section/50)
[^c21628361]: [S. 815B](https://www.legislation.gov.uk/ukpga/1988/1/section/815B) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 51(1)](https://www.legislation.gov.uk/ukpga/1992/48/section/51/1)
[^c22900261]: Word in [s. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) sidenote substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/b)
[^c22898071]: [S. 807A](https://www.legislation.gov.uk/ukpga/1988/1/section/807A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 46](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/46) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22898091]: [S. 808B](https://www.legislation.gov.uk/ukpga/1988/1/section/808B) inserted (with effect in accordance with [Sch. 30 para. 25(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/25/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 25(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/25/1)
[^c23806191]: [S. 815AZA](https://www.legislation.gov.uk/ukpga/1988/1/section/815AZA) inserted (with effect in accordance with [s. 59(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/59/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 59(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/59/1)
[^c22898111]: [S. 815AA](https://www.legislation.gov.uk/ukpga/1988/1/section/815AA) inserted (with effect in accordance with [Sch. 30 para. 28(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/28/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 28(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/28/1)
[^c22898131]: [S. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 146(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/146/1)
[^c22900391]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 20 para. 10](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/10) (as amended by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 122(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/122/4/5)) (with Sch. 20 para. 12(2)(a))
[^c22900401]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 87](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/87)
[^c23798871]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 107(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/107/5)
[^c23798881]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12E(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12E/5) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(1) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 1 para. 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16))
[^c23798891]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 30E(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30E/5) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(1) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19))
[^c23798901]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12C(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12C/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8))
[^c23798911]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 30C(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30C/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10))
[^c23798921]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 87A(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/87A/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 12](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/12))
[^c23798931]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 140H(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140H/3), [140I(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140I/3), [140J(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140J/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 1](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/1))
[^c23798941]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 paras. 12H(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12H/3), [12I(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12I/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/2))
[^c23798951]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 paras. 30G(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30G/3), [30H(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30H/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 4](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/4))
[^c23798961]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 paras. 85B(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/85B/3), [85C(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/85C/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 5](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/5))
[^c23798971]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23798981]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (with effect in accordance with s. 56(3) of the modifying Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2009/10/section/56/1)
[^c23812421]: [S. 820](https://www.legislation.gov.uk/ukpga/1988/1/section/820) applied (6.4.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)(2)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1/2), [Sch. 2 para. 160](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2/paragraph/160)
[^c21628511]: Source—1970 s.520
[^c21628521]: Source—1970 s.521; 1972 Sch.24 29; 1983 s.27.
[^c23812431]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812451]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812471]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812491]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812521]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22800531]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/22)
[^c23812541]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/f), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628531]: [S. 821(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/aa) inserted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(7)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/7); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816) art. 2
[^c22800561]: [S. 821(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/c) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21628541]: Source—1970 s.522; 1971 Sch.6 76; 1972 Sch.24 30
[^c22800621]: Words in [s. 822(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/822/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/23)
[^c21628821]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 173](https://www.legislation.gov.uk/ukpga/1993/34/section/173), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3), [Sch. 19 Pt. III para. 13(4)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/19/part/III/paragraph/13/4)
[^c22800861]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (2.1.1996) by [The Lloyd's Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995 (S.I. 1995/3225)](https://www.legislation.gov.uk/uksi/1995/3225), [reg. 12(2)](https://www.legislation.gov.uk/uksi/1995/3225/regulation/12/2) (with [reg. 13](https://www.legislation.gov.uk/uksi/1995/3225/regulation/13))
[^c23813151]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (27.12.2005 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 2005 (S.I. 2005/3338)](https://www.legislation.gov.uk/uksi/2005/3338), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/1/1), [14(4)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/14/4)
[^c22800701]: [S. 824(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1) substituted (with effect in accordance with s. 199(2)(3), [Sch. 19 para. 41(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21628871]: [S. 824(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/b)
[^c21628881]: [S. 824(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1A) repealed (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10), Note; [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c22801911]: [S. 824(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(d)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/d)
[^c22801811]: [S. 824(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2B) inserted (retrospectively, with effect in accordance with [s. 41(4)-(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/2)
[^c22801851]: [S. 824(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2C) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/2)
[^c22800731]: [S. 824(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3) substituted (with effect in accordance with s. 199(2)(3), [Sch. 19 para. 41(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23813081]: [S. 824(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 108](https://www.legislation.gov.uk/ukpga/2004/12/section/108)
[^c22801831]: [S. 824(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/aa) inserted (retrospectively, with effect in accordance with [s. 41(4)-(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 41(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/3)
[^c22801871]: [S. 824(3)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/ab) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 90(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/3)
[^c22800891]: [S. 824(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/a/b) substituted (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/2)
[^c22800931]: Words in [s. 824(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/c) substituted (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/3)
[^c22800911]: [S. 824(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4/4A) substituted for s. 824(4) (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/4)
[^c23813061]: Words in [s. 824(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 104](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/104) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22800751]: [S. 824(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/5) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/a), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629001]: Words in [s. 824(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/6) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(f)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/f)
[^c21629011]: Words in [s. 824(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/6) repealed (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10), Note; [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c23813131]: [S. 824(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629031]: Source—1975 (No.2) s.47(11), (12).
[^c23813111]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22800791]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/b), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629041]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (1989-90 and subsequent years) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 110(5)(6)-(9)](https://www.legislation.gov.uk/ukpga/1989/26/section/110/5/6)
[^c21629051]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (1989-90 and subsequent years) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 111(4)(5)-(8)](https://www.legislation.gov.uk/ukpga/1989/26/section/111/4/5)
[^c22800811]: [S. 824(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/10) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/c), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629171]: Source—1975 (No.2) s.48(1), (2)
[^c21629181]: Words in [s. 825(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/1/a) repealed (for accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/V), Note 6
[^c21629191]: Words in [s. 825(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2) repealed (with effect in relation to payments made on and after 6.4.1993) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 158(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/158/2), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/8), Note 5; [S.I. 1993/753](https://www.legislation.gov.uk/uksi/1993/753)
[^c21629201]: Words in [s. 825(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2) substituted (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 179(1)(a)(vii)](https://www.legislation.gov.uk/ukpga/1989/26/section/179/1/a/vii); [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c21629211]: [S. 825(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [8(a)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/8/a)
[^c21629231]: Source—1975 (No.2) s.48(4)-(9)
[^c21629241]: [S. 825(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/a) modified (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(6)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/6) [S. 825(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/a) modified (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120](https://www.legislation.gov.uk/ukpga/1995/4/section/120), [Sch. 24 para. 12(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/5)
[^c21629251]: Words in [s. 825(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4) added by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para.22](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/22)
[^c22801931]: [S. 825(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/d) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c21629271]: Words in [s. 825(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [8(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/8/b)
[^c22802091]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) excluded (2.1.1996) by [The Lloyd's Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995 (S.I. 1995/3225)](https://www.legislation.gov.uk/uksi/1995/3225), [reg. 12(2)](https://www.legislation.gov.uk/uksi/1995/3225/regulation/12/2) (with [reg. 13](https://www.legislation.gov.uk/uksi/1995/3225/regulation/13))
[^c22803051]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) applied (with modifications) (7.1.1999 in accordance with reg. 1(2) of the affecting S.I.) by [The Corporation Tax (Instalment Payments) Regulations 1998 (S.I. 1998/3175)](https://www.legislation.gov.uk/uksi/1998/3175), [reg. 8](https://www.legislation.gov.uk/uksi/1998/3175/regulation/8) (as amended by: [S.I. 2005/889](https://www.legislation.gov.uk/uksi/2005/889), [regs. 1(1)(3)](https://www.legislation.gov.uk/uksi/2005/889/regulation/1/1/3), [7](https://www.legislation.gov.uk/uksi/2005/889/regulation/7); [S.I. 2011/1785](https://www.legislation.gov.uk/uksi/2011/1785), [regs. 1](https://www.legislation.gov.uk/uksi/2011/1785/regulation/1), [11](https://www.legislation.gov.uk/uksi/2011/1785/regulation/11); [S.I. 2017/1072](https://www.legislation.gov.uk/uksi/2017/1072), [regs. 1](https://www.legislation.gov.uk/uksi/2017/1072/regulation/1), [10](https://www.legislation.gov.uk/uksi/2017/1072/regulation/10))
[^c23813721]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) excluded (27.12.2005 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 2005 (S.I. 2005/3338)](https://www.legislation.gov.uk/uksi/2005/3338), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/1/1), [14(4)(6)(b)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/14/4/6/b)
[^c21629411]: Source—1987 (No.2) s.87
[^c21629401]: [S. 826(1)(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/8/9) power exercised: 30.9.1993 appointed by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c22801941]: [S. 826(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 20(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/20/2)
[^c22803111]: [S. 826(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/d) and preceding word inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/2)
[^c22803291]: [S. 826(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/e) and preceding word inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/2)
[^c22803411]: [S. 826(1)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/da) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/2)
[^c21629431]: Words in [s. 826(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1) substituted (retrospectively) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 180(6)(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/180/6/7)
[^c22802801]: Words in [s. 826(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/1/1)
[^c22801981]: Words in [s. 826(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 42](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/42); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22801961]: [S. 826(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 20(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/20/3)
[^c22803001]: [S. 826(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2A) repealed (with effect in accordance with Sch. 3 para. 38(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802821]: Words in [s. 826(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3) substituted (with effect in accordance with [Sch. 4 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/2/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/2/1)
[^c22803131]: [S. 826(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3A) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/3)
[^c22803281]: [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36).
[^c22803431]: [S. 826(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3AA) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/3)
[^c22803311]: [S. 826(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3B) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/3)
[^c22803071]: Words in [s. 826(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4) substituted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 90(1)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/1/a)
[^c22802121]: [S. 826(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4/a) substituted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/5)
[^c22803091]: Words in [s. 826(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4/a/i) inserted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 90(1)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/1/b)
[^c22802981]: [S. 826(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5A) inserted (with effect in accordance with [s. 34(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/4)
[^c22803021]: [S. 826(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7) repealed (with effect in accordance with Sch. 3 para. 38(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21629471]: [S. 826(7A)(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7A/7B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 23](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/23)
[^c21629481]: Words in [s. 826(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7A) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/2)
[^c22802881]: Words in [s. 826(7)(7A)(7B)(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7/7A/7B/7C) substituted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/2)
[^c21629491]: [S. 826(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/3/5)
[^c22803031]: [S. 826(7AA)(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA/7CA) repealed (with effect in accordance with Sch. 3 para. 38(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802231]: [S. 826(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7B) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22803211]: [S. 826(7BB)(7BC)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7BB/7BC) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/2)
[^c21629521]: [S. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/5)
[^c22802141]: Words in [s. 826(7C)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/a) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802161]: Words in [s. 826(7C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802041]: Words in [s. 826(7C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/c) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 11(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/11/a)
[^c22802061]: Words in [s. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 11(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/11/b)
[^c22802021]: [S. 826(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7CA) inserted (with effect in accordance with [Sch. 24 para. 12(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 12(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/2)
[^c22803061]: [S. 826(7AA)(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA/7CA) repealed (with effect in accordance with Sch. 3 para. 38(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802901]: [S. 826(7D)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7D) inserted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/3)
[^c22803231]: Words in [s. 826(7D)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7D) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/3)
[^c22802921]: [S. 826(7E)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7E) inserted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/4)
[^c22803251]: Words in [s. 826(7E)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7E) inserted (28.7.2000) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/4)
[^c22802841]: [S. 826(8A)-(8C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A) inserted (with effect in accordance with [Sch. 4 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/3/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/3/1)
[^c22803151]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/4/a)
[^c22803331]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/4/a)
[^c22803171]: [S. 826(8A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b) substituted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/4/b)
[^c22803471]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/4/b)
[^c22803351]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/4/b)
[^c22803191]: [S. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/5)
[^c22803491]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/5)
[^c22803371]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(5)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/5/a)
[^c22803391]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(5)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/5/b)
[^c22800351]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22800361]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c21629661]: Source—1970 ss.65(5), 204, 231(3), 343 (1A); 1970(F) s.29(6), Sch.5 2(3), 10; 1972 ss.91(3), 108(4); 1973 Sch.16 17(2); 1975 (No.2) ss.47(10), 48(6), 69(9), 70(8), 70A(3); 1976 ss.64(4), 64A, (4) Sch.4 16(2); 1980 s.24(9); [Sch.10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) 13(3); 1982 ss.28(5), 29(1), (3), Sch.7 14(2); 1984 ss.26(1), 88(8), 126(1), Sch.8 2(1)(f), 3A; 1983 Sch.5 5A(9), 6(8); 1986 s.28, 61, Sch.11 11, Sch.12 3, Sch.17 6(7).
[^c23815221]: [S. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) excluded by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 22C(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/22C/3) (as inserted (1.7.2005) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 7 paras. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/8), [18(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/18/1) (with [Sch. 7 paras. 19-21](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/19)))
[^c21629681]: Source—1970 ss.65(5), 204, 343(1B); 1970(F) s.29(8), Sch.5 2(3), 10; 1973 Sch.16 17(2); 1975 (No.2) ss.47(10), 48(6), 69(9), 70(8), 70A(3); 1976 ss.64(4), 64A(4); 1982 s.29(5); 1983 Sch.5 5A(9), 6(9); 1984 ss.26(6), 88(8), Sch.8 2(1), 3A; 1986 ss.26, 27(7), 55, Sch.11 11, Sch.12 3, Sch.17 6(7)
[^c23815121]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 180(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/180/2)
[^c23815201]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22803711]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22803751]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (with effect in accordance with Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21629701]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 118(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/118/2)
[^c21629711]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 16](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/16)
[^c22803741]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/1/2)
[^c21629721]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [Sch. 1 para. 8(34)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/34)
[^c23815101]: [S. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23816161]: [S. 830(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/5) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 106](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/106), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22800331]: [S. 826A](https://www.legislation.gov.uk/ukpga/1988/1/section/826A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 1(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/1/2)
[^c23811391]: [S. 827A](https://www.legislation.gov.uk/ukpga/1988/1/section/827A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 333](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/333) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629861]: Source—1970 s.526(1), (2); 1987 Sch.15 12
[^c23816541]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITEPA 2003" inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 107](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/107) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23816561]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITTOIA 2005" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 336](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/336) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629871]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "the 1990 Act" inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [Sch. 1 para. 8(35)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/35); and that amendment continued by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579), [Sch. 2 para. 59](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/59)
[^c21629881]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "the 1992 Act" inserted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(53)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/53/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22803801]: [S. 831(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/4) applied (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 144(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/144/2)
[^c21629891]: [1987 c. 42](https://www.legislation.gov.uk/ukpga/1987/42).
[^c21629901]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c21629911]: [1986 c. 9](https://www.legislation.gov.uk/ukpga/1986/9).
[^c21629921]: Source—1970 s.540(2)
[^c21629931]: Words in [s. 831(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/5) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(53)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/53/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23820331]: [S. 836A](https://www.legislation.gov.uk/ukpga/1988/1/section/836A) repealed (with effect in accordance with s. 80(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 25](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/25), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 2
[^c22806921]: [S. 841A](https://www.legislation.gov.uk/ukpga/1988/1/section/841A) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c21631481]: [S. 842A](https://www.legislation.gov.uk/ukpga/1988/1/section/842A) inserted (1.4.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.127(1)(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/127/1/4)
[^c23812171]: [S. 834A](https://www.legislation.gov.uk/ukpga/1988/1/section/834A) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 274](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/274) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23812191]: [S. 834B](https://www.legislation.gov.uk/ukpga/1988/1/section/834B) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 275](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/275) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23812211]: [S. 834C](https://www.legislation.gov.uk/ukpga/1988/1/section/834C) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/276) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c22805631]: [S. 836A](https://www.legislation.gov.uk/ukpga/1988/1/section/836A) inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/2)
[^c23811481]: [S. 836B](https://www.legislation.gov.uk/ukpga/1988/1/section/836B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 340](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/340) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22805561]: [S. 837A](https://www.legislation.gov.uk/ukpga/1988/1/section/837A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/1)
[^c22805581]: [S. 837B](https://www.legislation.gov.uk/ukpga/1988/1/section/837B) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/2)
[^c23811461]: [S. 837C](https://www.legislation.gov.uk/ukpga/1988/1/section/837C) inserted (with effect in accordance with [Sch. 27 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/1)
[^c23812101]: [S. 840ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/840ZA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 225](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/225) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22805501]: [S. 840A](https://www.legislation.gov.uk/ukpga/1988/1/section/840A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 1(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/1/1)
[^c22805521]: [S. 841A](https://www.legislation.gov.uk/ukpga/1988/1/section/841A) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 26](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/26) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22805481]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 70(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/70/1)
[^c22805611]: [S. 842B](https://www.legislation.gov.uk/ukpga/1988/1/section/842B) inserted (6.4.2001 with effect in accordance with [s. 76(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/1)
[^c21631551]: Words in [s. 843(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/2) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(56)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/56) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22807521]: Words in [s. 843(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/2) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/8)
[^c21631561]: Words in [s. 843(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/4) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/24), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21631571]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c21853671]: [Sch. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/1) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22720851]: [Sch. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/2) repealed (with effect in accordance with Sch. 14 Pt. IV Note 9 of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) ss. 75, 148, Sch.14 Part IV
[^c21853701]: [Sch. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 27](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/27), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21846651]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23389421]: [Sch. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 342](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/342), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390441]: [Sch. 5AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 344](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/344), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777311]: [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) repealed (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1/2), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23390511]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21633181]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23390521]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390531]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390541]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22205081]: [Sch. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8) repealed (with effect in accordance with s. 61(2)(3), Sch. 18 Pt. 6(3) Notes 1-3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3)
[^c21634111]: Source—1978 Sch.9 1(1)(a); 1980 Sch.10 1(1)(a); 1984 Sch.10 1(1)
[^c21634121]: Source—1978 Sch.9 1(5); 1980 Sch.10 1(2); 1984 Sch.10 1(2)
[^c21634131]: Source—1978 Sch.9 1(2); 1980 Sch.10 1(3); 1984 Sch.10 1(3)
[^c21634141]: Source—1978 Sch.9 1(2); 1980 Sch.10 1(3); 1984 Sch.10 1(4)
[^c21634151]: Source—1978 Sch.9 1(1)(b); 1980 Sch.10 1(1), (b); 1984 Sch.10 1(1); 1987 Sch.15 13
[^c21634161]: [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/2/2) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(1)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/1/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21634171]: Source—1978 s.54(1); 1986 s.24(3)(a)
[^c22225551]: [Sch. 9 para. 2(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/2/2A/2B) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/53/1/3)
[^c21634181]: Source—1978 Sch.9 2(3), (4); 1980 Sch.10 1(1)(aa), (ab), (1A); 1983 s.25(5); 1984 s.39(2)
[^c22225621]: [Sch. 9 para. 3(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/2/ca) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 53(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/53/2/3)
[^c22225931]: [Sch. 9 para. 3(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/2/f) and preceding word inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 51(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/51/1)
[^c21634191]: Source—1978 Sch.9 3(3)
[^c22225951]: [Sch. 9 para. 3(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/4) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 51(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/51/2)
[^c22181491]: [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/4) modified (with effect in accordance with Sch. 16 para. 1 of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 16 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/4)
[^c21634201]: Source—1978 Sch.9 3(2); 1980 Sch.10 3(2); 1984 Sch.10 2(2)
[^c23392191]: [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/5) modified (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 158](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/158)
[^c21634211]: Source—1978 Sch.9 4; 1980 Sch.10 4; 1984 Sch.10 3
[^c21634231]: Source—1978 s.53(7); 1980 Sch.10 25; 1984 Sch.10 14
[^c23392121]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634241]: Source—1978 Sch.9 11(1), (2); 1980 Sch.10 23; 1984 Sch.10 4(1)(b), (3)
[^c21634251]: [Sch. 9 Pt. II para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/II/paragraph/8A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(5)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/5/6)
[^c21634261]: Source—1978 Sch.9 1(1), (3); 1980 Sch.10 5(a); 1984 Sch.10
[^c22225451]: Words in [Sch. 9 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/9/1) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(2)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/2/5)
[^c21634271]: Source—1978 Sch.9 5; 1980 Sch.10 15; 1984 Sch.10 7
[^c21634281]: [Sch. 9 para. 10(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/10/c/ii) and preceding word repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 64](https://www.legislation.gov.uk/ukpga/1989/26/section/64), [Sch. 17 Pt. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/4)
[^c21634291]: Source—1978 Sch.9 6; 1980, s.46(10), Sch.10 16; 1984 Sch.10 8
[^c22194561]: Words in [Sch. 9 para. 11(a)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/11/a/c) substituted (with effect in accordance with [Sch. 38 para. 6(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(j)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/j)
[^c21634321]: Source—1978 Sch.9 7; 1980 Sch.10 17; 1984 Sch.10 9; 1986 s.22, 24(2)
[^c22225511]: Words in [Sch. 9 para. 12(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/12/1/c) substituted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/4/a/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c22225531]: [Sch. 9 para. 12(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/12/1A/1B) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(4)(b)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/4/b/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c21634331]: Source—1980 Sch.10 18; 1982 s.41; 1984 Sch.10 10; 1986 s.23(4)
[^c21634341]: [Sch. 9 para. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/13/3) added (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 69(1)](https://www.legislation.gov.uk/ukpga/1988/39/section/69/1)
[^c21634351]: Source—1978 Sch.9 8; 1980 s.46(11), Sch.10 19; 1984 Sch.10 11; 1986 s.23(3)
[^c21634361]: Source—1980 Sch.10, 10A; 1984 Sch.10 4A; 1987 Sch.4 1, 2; 1987 (No.2) s.59
[^c21634371]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634381]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21634391]: Source—1987 Sch.4 3
[^c23392201]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22225471]: [Sch. 9 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/11A) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(3)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/3/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c23392091]: [Sch. 9 Pts. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/2), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392111]: [Sch. 9 Pts. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/2), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634771]: Source—1978 Sch.9 1(3)
[^c21634781]: Source—1978 Sch.9 3(2)
[^c21634801]: Source—1978 Sch.9 1 (4); 1983 s.25(1)
[^c21634811]: Source—1978 s.53(4)
[^c21634821]: Source—1978 Sch.9 12
[^c21634831]: Source—1978 Sch.9 13; 1980 s.46(13)
[^c21880401]: Words in [Sch. 9 para. 32(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/32/1) substituted (with effect in accordance with [s. 101(9)(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/9/10) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/5)
[^c21634841]: Source—1978 Sch.9 14
[^c21880421]: [Sch. 9 para. 33(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/33/a) modified (with effect in accordance with s. 101(11)(12) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/6) (with [s. 101(14)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/14))
[^c21634851]: Source—1978 Sch.9 15
[^c21634861]: Source—1978 Sch.9 9
[^c21634871]: Source—1978 Sch.9 10
[^c21634881]: Source—1978 Sch.9 2; 1983 s.25(4)
[^c21884191]: Words in [Sch. 9 para. 36(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/36/1/a) substituted (with application in accordance with [s. 137(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/4)
[^c21634891]: Source—1987 Sch.4 6-8
[^c21634901]: [Sch. 9 para. 40](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/40) and preceding cross-heading inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 65](https://www.legislation.gov.uk/ukpga/1989/26/section/65)
[^c23392211]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634091]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/2/c/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22180901]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 115](https://www.legislation.gov.uk/ukpga/1996/8/section/115)
[^c22181041]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c22225871]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 49(1)(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/49/1/2)
[^c23392221]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634921]: Source—1978 s.54(2); 1979 Sch.7
[^c21880321]: [Sch. 10 para. 1(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/1/1/cc) inserted (with effect in accordance with [s. 101(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/2)
[^c21634931]: Source—1978 s.54(1A); 1980 s.46(2)
[^c21634941]: Source—1978 s.54(3)
[^c21880361]: [Sch. 10 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/1/4) inserted (with effect in accordance with [s. 101(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/3)
[^c21634991]: Source—1978 s.54(4), (5); 1980 s.46(3); 1986 s.24(3)
[^c22194851]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(4)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/4/b)
[^c22201621]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [art. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2))
[^c21635021]: Words in [Sch. 10 para. 2(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/3)
[^c21635031]: Word at the end of Sch. 10 para. 2(c) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [9](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/9)
[^c21635041]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/3)
[^c22162701]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [ss. 126](https://www.legislation.gov.uk/ukpga/1995/26/section/126), [180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(b)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/b), [s. 178(3)](https://www.legislation.gov.uk/ukpga/1995/26/section/178/3)
[^c22181091]: [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3) substituted (with effect in accordance with [s. 107(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/117/1)
[^c23393091]: Words in [Sch. 10 paras. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3/1), [6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/6/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22778221]: Words in [Sch. 10 para. 3A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A/2) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [s. 180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(c)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/c)
[^c22778231]: Words in [Sch. 10 para. 3A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A/4) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [s. 180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(d)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/d)
[^c22778211]: [Sch. 10 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 100(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/100/3)
[^c21635091]: Source—1978 s.56(2)-(5)
[^c21635111]: Source—1978 s.57; 1979(C) Sch.7
[^c21635121]: Word in [Sch. 10 para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/5/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(58)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/58) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21880381]: [Sch. 10 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/5A) inserted (with effect in accordance with [s. 101(8)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/8) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/4) (with [s. 101(13)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/13))
[^c21635131]: Source—1978 s.58; 1983 s.25(1)
[^c23393111]: Words in [Sch. 10 paras. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3/1), [6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/6/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21635141]: Source—1978 s.59; 1980 s.46(8); 1987 Sch.15 11(3)
[^c23393121]: Words in [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393141]: Words in [Sch. 10 para. 7(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393181]: Word in [Sch. 10 para. 7(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/7/b) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(c)(i)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/c/i), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393161]: Words in [Sch. 10 para. 7(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/7/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(c)(ii)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/c/ii) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634911]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/2/c/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22181061]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c23392231]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) continued (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393261]: [Sch. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 114](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/114), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21635371]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c23394021]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 115](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/115), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394041]: [Sch. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 116](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/116), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394061]: [Sch. 12AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12AA) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 117](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/117), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394051]: [Sch. 12A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 118](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/118), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22778561]: [Sch. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13) repealed (with effect in accordance with Sch. 3 para. 41(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 41(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/41/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22779711]: [Sch. 13A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A) repealed (with effect in accordance with Sch. 3 para. 42(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 42(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/42/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23394071]: [Sch. 13B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3-5](https://www.legislation.gov.uk/uksi/2003/962/article/3))
[^c21636171]: [Sch. 14 para. 1(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/2/3) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch.14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14), Note 6
[^c23403071]: Cross-heading preceding Sch. 14 para. 1 substituted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/3)
[^c21636201]: Source—1976 Sch.4 11; 1979/1576; 1982 s.35(2), (4); 1970 s.10
[^c21636211]: Words in [Sch. 14 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/2/1/b) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 18(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/18/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636281]: Source—1976 Sch.4 13; 1978 Sch.3 7; 1980 s.29(2)(c); 1987 Sch.15 9
[^c21636291]: Words in [Sch. 14 para. 3(1)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/1/3/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 18(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/18/2/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636311]: Words in [Sch. 14 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/3/a) substituted (6.4.1989) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 29](https://www.legislation.gov.uk/ukpga/1988/39/section/29)
[^c21636341]: Words in [Sch. 14 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/4) repealed (with effect in accordance with s. 173 of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 17 Pt. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/9), Note
[^c21636351]: [1969 c.19](https://www.legislation.gov.uk/ukpga/1969/19).
[^c21636361]: Source—1976 Sch.4 14; 1978 Sch.3 2, 8
[^c21636371]: Source—1976 Sch.4 14A; 1978 Sch.3 9
[^c23403131]: Words in [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/5) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 119](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/119) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21636381]: Source—1976 Sch.4 15
[^c22780441]: Words in [Sch. 14 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/6/2) repealed (with effect in accordance with Sch. 18 para. 17(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/2), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21636401]: Source—1976 Sch.4 16; 1978 Sch.3 10
[^c22780431]: Words in [Sch. 14 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/1) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22223751]: [Sch. 14 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/a) substituted (with effect in accordance with [Sch. 18 para. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/a)
[^c22223781]: Words in [Sch. 14 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/b) inserted (with effect in accordance with [Sch. 18 para. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/b)
[^c22223801]: Words in [Sch. 14 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/c) substituted (with effect in accordance with [Sch. 18 para. 17(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/c)
[^c22223841]: Words in [Sch. 14 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3) substituted (with effect in accordance with [Sch. 18 para. 17(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/d)
[^c22223861]: [Sch. 14 para. 7(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/4/5) added (with effect in accordance with [Sch. 18 para. 17(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/4)
[^c21636411]: Source—1970 s.19(5)
[^c21636421]: Source—1984 s.72(2)-(4), (6), (7)
[^c22224031]: Words in [Sch. 14 para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/5)
[^c22224051]: [Sch. 14 para. 8(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/8) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/6)
[^c22780451]: [Sch. 14 para. 8(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/8/a) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(b)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/b)
[^c21636441]: Source—1970 Sch.1 1(1)-(4A); 1975 Sch.2 4(2), (3)
[^c21636451]: Source—1975 Sch.2 4(4)
[^c22224071]: Words in [Sch. 15 para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/1/6) substituted (with effect as mentioned in [s. 167(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/7/a); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c21636461]: Source—1970 Sch.1 1(5)-(7); 1975 Sch.2 4(5), (6)
[^c21636471]: Source—1975 Sch.2 4(1)
[^c21636481]: Source—1970 Sch.1 2; 1975 Sch.2 4(7), (8)
[^c22224091]: Words in [Sch. 15 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/2/2) substituted (with effect as mentioned in [s. 167(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/7/b); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c21636491]: Source—1975 Sch.2 4(1)
[^c21636621]: Source—1970 ss.334(2)–(4), 337(5)(a), Sch.1 3, 3A; 1984 s.72(a); 1985 s.41(4), (6), Sch.10 Pt.I; 1979/1576
[^c21636631]: Words in [Sch. 15 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636641]: [Sch. 15 para. 3(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/1/c) and word preceding it repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 9 para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/4/1/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 7
[^c22783601]: [Sch. 15 para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/2/c) repealed (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/3), [Sch. 29 Pt. 8(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/6)
[^c21636701]: Words in [Sch. 15 para. 3(2)(c)(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/2/c/4/c) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/3/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636711]: [Sch. 15 para. 3(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/4A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636541]: Words in [Sch. 15 para. 3(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/8/b/ii) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 49(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/49/5)
[^c23394081]: [Sch. 15 para. 3(8)(b)(iii)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/8/b/iii/c) and word preceding para. (b)(iii) repealed (retrospectively with effect in accordance with s. 172(6) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/3), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 3
[^c21636781]: [Sch. 15 para. 4(3)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/4/3/b/i) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 19(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/6), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22783611]: Words in [Sch. 15 para. 4(3)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/4/3/b/i) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/2)
[^c21636821]: Source—1970 Sch.1, 3; 1985 s.41(4)
[^c21636831]: Words in [Sch. 15 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(7)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636851]: Source—FSA 1974 s.64(2B); 1985 s.41(1); 1987 s.30(6)
[^c23820431]: [Sch. 15 para. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6A) inserted (with effect in accordance with [s. 178](https://www.legislation.gov.uk/ukpga/2012/14/section/178) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 18 para. 13(6)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/18/paragraph/13/6)
[^c21636861]: Source—1970 Sch.1 4; 1976 Sch.4 12
[^c21636871]: Source—1975 Sch.2 7; 1976 Sch.4 19(4)
[^c22783711]: [Sch. 15 para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/8A) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(c)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/c)
[^c22783691]: [Sch. 15 para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/8A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/8)
[^c21636881]: Source—1970 Sch.1 5
[^c21636891]: Source—1976 Sch.4 2, 2A; 1978 Sch.3 4; 1982 s.35(1)
[^c22783631]: Words in [Sch. 15 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/11/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/3)
[^c21636911]: [1974 c. 49](https://www.legislation.gov.uk/ukpga/1974/49).
[^c21636921]: Source—1970 Sch.1 6, 7
[^c23820501]: Words in [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/12) inserted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/1)
[^c23820531]: Words in [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/12) heading substituted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/2)
[^c21636931]: Source—1980 s.30; 1984 s.74; 1982 s.35(3)
[^c22783651]: Words in [Sch. 15 para. 14(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/14/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/4)
[^c22783671]: [Sch. 15 para. 14(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/14/3A) inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/5)
[^c21636961]: Source—1970 Sch.1 8
[^c21636971]: Source—1984 s.72(9)(a)
[^c21636981]: Source—1970 Sch.1 9(1), (2)
[^c21636991]: Word in [Sch. 15 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/17/2/a) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [10](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/10)
[^c21637001]: Source—1970 Sch.1 9(3); 1984 s.76(3), (6)
[^c23820571]: Words in [Sch. 15 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/17/3/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21637011]: Source—1975 Sch.2 5
[^c21637021]: Source—1970 Sch.1 10
[^c21637031]: Word in [Sch. 15 para. 18(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [11](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/11)
[^c22224111]: [Sch. 15 para. 18(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/c) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/9)
[^c22783721]: [Sch. 15 para. 18(3)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/c/i) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(c)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/c)
[^c23820691]: [Sch. 15 para. 18(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/d) and preceding word inserted (partly retrospective, and otherwise with effect in accordance with [s. 87(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 87(2)(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/2/4/6)
[^c23820671]: [Sch. 15 para. 18(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/4) inserted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/4)
[^c21637041]: Source—1975 Sch.2 3
[^c21637051]: Source—1982 s.34
[^c23820991]: [Sch. 15 para. 20ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/20ZA) and preceding cross-heading inserted (1.4.2011 with effect in accordance with art. 15(2) of the amending S.I.) by The Enactment of Extra-[Statutory Concessions Order 2011 (S.I. 2011/1037)](https://www.legislation.gov.uk/uksi/2011/1037), [arts. 1](https://www.legislation.gov.uk/uksi/2011/1037/article/1), [15(1)](https://www.legislation.gov.uk/uksi/2011/1037/article/15/1)
[^c23821011]: [Sch. 15 paras. B1-B3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/B1), cross-headings and preceding heading inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/3)
[^c23820741]: [Sch. 15 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/21) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c23820721]: [Sch. 15 para. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/22) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(4)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/4/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21637101]: Source—1984 Sch.15 Pt.II 1
[^c21637111]: Source—1975 Sch.2 1A; 1984 Sch.5 Pt.I
[^c22783761]: [Sch. 15 para. 24(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/2/2A) substituted for para. 24(2) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(a)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/a/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22783871]: Words in [Sch. 15 para. 24(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/2A) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/2)
[^c22783781]: Words in [Sch. 15 para. 24(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/3) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(b)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/b/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c23821121]: Words in [Sch. 15 para. 24(3)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/3/b/c) substituted (with effect in accordance with [s. 155(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/155/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/1/4)
[^c22783811]: [Sch. 15 para. 24(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/4) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(b)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/b/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21637121]: Source—1984 Sch.15 Pt.II 2-4
[^c22783831]: [Sch. 15 para. 25(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2) substituted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(6)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/6/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22783891]: Words in [Sch. 15 para. 25(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/2)
[^c22783851]: Word in [Sch. 15 para. 27(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/27/1) substituted (except for specified purposes) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(7)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/7/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21636431]: [Sch. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15) modified by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/5) (2)
[^c22783591]: [Sch. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15) modified (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 4(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/4/2/3)
[^c23820911]: [Sch. 15 Pt. A1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/part/A1) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/2)
[^c23821411]: [Sch. 15A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 345](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/345), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821711]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821731]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821741]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22784011]: [Sch. 15B Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/part/2) applied (1.5.1995) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 151A(6)](https://www.legislation.gov.uk/ukpga/1992/12/section/151A/6) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/3))
[^c23838611]: [Sch. 17A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/17A) repealed and replaced (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1/c), [Sch. 18](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c23822181]: [Sch. 19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19) repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 103](https://www.legislation.gov.uk/ukpga/1989/26/section/103), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/V), Notes 1, 3
[^c21638151]: [Sch. 19AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA) inserted (for accounting periods beginning on or after 1 January 1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 6](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/6), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c22799861]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (with effect in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art. 2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22799851]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) repealed (with effect in accordance with s. 87(2)-(5) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/87/1), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12), Note (the provisions of Sch. 19AB not applying in relation to tax credits in respect of distributions made on or after 6th April 2004)
[^c21638371]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c21638581]: [Sch. 19A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A) inserted (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 58(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/58/4/a/5), [Sch. 5](https://www.legislation.gov.uk/ukpga/1988/39/schedule/5)
[^c21638591]: [Sch. 19A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A) repealed and superseded (with [Sch. 19](https://www.legislation.gov.uk/ukpga/1993/34/schedule/19) of the amending Act) (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 173(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/173/2), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 5
[^c23823171]: [Sch. 19B para. 18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/18A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(9)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/9)
[^c22776191]: [Sch. 21 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/3) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 43](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/43), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22781711]: Words in [Sch. 21 para. 6(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/1/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 65](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/65)
[^c22780141]: Words in [Sch. 21 para. 6(1)(b)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/1/b/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22774581]: [Sch. 21 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/2) repealed (with effect in accordance with s. 164(1)(2) of the repealing Act) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164(4)(5)](https://www.legislation.gov.uk/ukpga/1990/1/section/164/4/5), [Sch. 2](https://www.legislation.gov.uk/ukpga/1990/1/schedule/2)
[^c21638971]: Source—[1970 c.10](https://www.legislation.gov.uk/ukpga/1970/10), [Sch.11](https://www.legislation.gov.uk/ukpga/1970/10/schedule/11)
[^c21639191]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c23316941]: Words in [Sch. 24 para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/6)
[^c23317001]: [Sch. 24 para. 1(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/2)
[^c23317431]: Words in [Sch. 24A para. 1(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24A/paragraph/1/3A/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317451]: [Sch. 24 para. 1(3A)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A/b/i) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317491]: Words in [Sch. 24 para. 1(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317511]: Words in [Sch. 24 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317531]: [Sch. 24 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317551]: Words in [Sch. 24 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826371]: Words in [Sch. 24 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/5) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23317061]: [Sch. 24 para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/6) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/3)
[^c23317181]: Words in [Sch. 24 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/4)
[^c23317571]: Words in [Sch. 24 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 18(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/18/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317591]: Words in [Sch. 24 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 18(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/18/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319061]: [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1) excluded (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 116(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/116/3)
[^c23826541]: [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1) restricted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 870(4)(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/870/4/5) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23317241]: [Sch. 24 para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/5)
[^c23317611]: Words in [Sch. 24 para. 4(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1A/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319081]: [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) modified (29.5.2001 with effect in accordance with reg. 1 of the modifying S.I.) by [The General Insurance Reserves (Tax) Regulations 2001 (S.I. 2001/1757)](https://www.legislation.gov.uk/uksi/2001/1757), [reg. 8(3)](https://www.legislation.gov.uk/uksi/2001/1757/regulation/8/3)
[^c23317281]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/6/a)
[^c23317631]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317651]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317321]: [Sch. 24 para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/7)
[^c23317731]: [Sch. 24 para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2A) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/4), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23316821]: [Sch. 24 para. 4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3/4) applied (with modifications) (23.3.1995) by [The Exchange Gains and Losses (Alternative Method of Calculation of Gain or Loss) Regulations 1994 (S.I. 1994/3227)](https://www.legislation.gov.uk/uksi/1994/3227), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3227/regulation/1/2), [6](https://www.legislation.gov.uk/uksi/1994/3227/regulation/6)
[^c23317671]: Words in [Sch. 24 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317341]: [Sch. 24 para. 4(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/8)
[^c21639461]: [Sch. 24 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4A) inserted (27.7.1993 with effect as mentioned in s. 96(2) of the amending act in relation to any accounting period on or after such day as may be appointed under [s. 165(7)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/165/7/b) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 96(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/96/1/2), [165(7)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/165/7/b)
[^c23316861]: [Sch. 24 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4A) deemed never to have been inserted, by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/3), [Sch. 29 Pt. 8(18)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/18), Note
[^c23318821]: [Sch. 24 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/5) renumbered as para. 5(1) (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/10)
[^c23318801]: [Sch. 24 para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/5/2) inserted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/10)
[^c23318881]: [Sch. 24 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/6) repealed (with application in accordance with Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c23317791]: [Sch. 24 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/7) repealed (with effect in accordance with Sch. 3 para. 43(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 43(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/43/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23826381]: Words in [Sch. 24 para. 8(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/8/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23318321]: Words in [Sch. 24 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/3/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318471]: Words in [Sch. 24 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317371]: Words in [Sch. 24 para. 9(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/c) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/9)
[^c23318421]: Words in [Sch. 24 para. 9(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318341]: [Sch. 24 para. 9(2)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/2/5/6) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(4)(7)(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/4/7/8), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318491]: Words in [Sch. 24 para. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318541]: [Sch. 24 para. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318721]: [Sch. 24 para. 9(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/7) added (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318741]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 21(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/21/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317391]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/10)
[^c23318761]: Words in [Sch. 24 para. 10(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 21(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/21/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318901]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/1/a)
[^c23318921]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/1/b)
[^c23318941]: Words in [Sch. 24 para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/2)
[^c23317811]: [Sch. 24 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 22](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/22), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826441]: [Sch. 24 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11A) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23319101]: Words in cross-heading relating to Sch. 24 para. 11A inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by virtue of [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/3/a)
[^c23317891]: [Sch. 24 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/4)
[^c23318981]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319001]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319011]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319021]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319031]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319041]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319051]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23826401]: [Sch. 24 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/20) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/4), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23318841]: [Sch. 24](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 54(2)-(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/54/2)
[^c21639451]: Source-1984 Sch. 16, 1985 Sch. 14 16
[^c23318021]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) and cross-heading inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/5)
[^c23318781]: [Sch. 24 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/20) and cross-heading inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 24](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/24); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322261]: Words in [Sch. 25 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/2/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/29); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827081]: [Sch. 25 para. 5(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/3) inserted (with effect in accordance with [s. 201(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/201/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 201(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/201/1)
[^c23322851]: Words in [Sch. 25 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2/b) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/2/a)
[^c23322871]: Words in [Sch. 25 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2/b) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/2/b)
[^c23322891]: [Sch. 25 para. 6(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/3)
[^c23827061]: Word in [Sch. 25 para. 6(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A) repealed (retrospective to 27.11.2002 with effect in accordance with s. 200(2)(3) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/3), [Sch. 43 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/5/2)
[^c23826941]: [Sch. 25 para. 6(2A)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A/d) and words inserted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/3)
[^c23827101]: Words in [Sch. 25 para. 6(2A)(e)(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A/e/2C) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23826961]: [Sch. 25 para. 6(2B)(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2B/2C) inserted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/4)
[^c23322911]: Words in [Sch. 25 para. 6(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/6/2)
[^c23322411]: Words in [Sch. 25 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322431]: Words in [Sch. 25 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322951]: [Sch. 25 para. 6(4ZA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4ZA) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/3)
[^c23322521]: [Sch. 25 para. 6(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4A/4B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323001]: [Sch. 25 para. 6(4AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4AA) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/5)
[^c23323081]: [Sch. 25 para. 6(4BB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4BB) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/7)
[^c23322541]: [Sch. 25 para. 6(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4C) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826981]: Words in [Sch. 25 para. 6(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4C) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/5)
[^c23322581]: Words in [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/8/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323101]: Words in [Sch. 25 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/8)
[^c23323131]: [Sch. 25 para. 6(5ZB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5ZB) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/9)
[^c23322611]: [Sch. 25 para. 6(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323151]: [Sch. 25 para. 6(5B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5B) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(10)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/10)
[^c23322631]: Words in [Sch. 25 para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/3) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 31(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/31/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827121]: Words in [Sch. 25 para. 8(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/4/a) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21639571]: Words in [Sch. 25 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1/a) substituted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [s. 305(3)](https://www.legislation.gov.uk/ukpga/1988/48/section/305/3), [Sch. 7 para. 36(9)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/9); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c21639581]: [Sch. 25 para. 9(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1A) inserted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [s. 305(3)](https://www.legislation.gov.uk/ukpga/1988/48/section/305/3), [Sch. 7 para. 36(9)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/9); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c23322651]: [Sch. 25 para. 9(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1A) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/2)
[^c23322671]: Word in [Sch. 25 para. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/3) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/4/a)
[^c23323191]: Words in [Sch. 25 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/a)
[^c23322691]: [Sch. 25 para. 11(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/c) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/3)
[^c23323231]: Word preceding Sch. 25 para. 11(1)(g) repealed (with effect in accordance with Sch. 31 para. 9(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/b), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23323381]: [Sch. 25 para. 11(1)(g)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/g) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 51(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/51/2)
[^c23323211]: [Sch. 25 para. 11(1)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/h) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/c)
[^c23323401]: [Sch. 25 para. 11(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1A) inserted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 51(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/51/3)
[^c23322711]: Word in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/4/b)
[^c23827001]: [Sch. 25 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/a) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/3/2)
[^c23827021]: [Sch. 25 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/c) and preceding word added (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/3/3)
[^c23827141]: Words in [Sch. 25 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23322731]: Words in [Sch. 25 para. 12(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322751]: Words in [Sch. 25 para. 12(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/5/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322771]: Words in [Sch. 25 para. 12(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/5/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827971]: [Sch. 25 Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2) modified (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 16 para. 17](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/17) (with [Sch. 16 paras. 13-16](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/13), [18-20](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/18))
[^c23321991]: Words in [Sch. 25 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/16/2/a) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(6)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/6/a)
[^c23322011]: Words in [Sch. 25 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/16/2/b) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(6)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/6/b)
[^c23322041]: [Sch. 25](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25) heading substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/25); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23828051]: [Sch. 25 Pts. 2A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2A), [2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2B) (paras. 12B-12N) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 3](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/3)
[^c23828071]: [Sch. 25 Pt. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/3A) (paras. 15A-15G) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 8](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/8)
[^c23319251]: [Sch. 26 para. 1(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/1/c) and preceding word repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319271]: Words in [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/2/b), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319231]: Words in [Sch. 26 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/2/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23828091]: [Sch. 26 para. 1(3)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/cc) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 38(2)
[^c23319211]: Word at the end of Sch. 26 para. 1(3)(d) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23319191]: [Sch. 26 para. 1(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/f) and preceding word inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 53](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/53) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23319291]: [Sch. 26 para. 1(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/4/6) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/4/5), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639601]: Source—1984 Sch.18.
[^c23319341]: [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/2) repealed (with effect in accordance with Sch. 3 para. 44(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 44(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/44/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 44(4))
[^c23319361]: [Sch. 26 para. 3(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319381]: Words in [Sch. 26 para. 3(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/b/c) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319411]: Words in [Sch. 26 para. 3(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/d) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639621]: Words in [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(62)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/62) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23319441]: Words in [Sch. 26 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319461]: Words in [Sch. 26 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319481]: [Sch. 26 para. 3(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/6A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319501]: [Sch. 26 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319521]: Words in [Sch. 26 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/1/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319541]: Words in [Sch. 26 para. 4(2)(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/2/5/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/4/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23831011]: [Sch. 28A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A) heading substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(11)
[^c23838041]: [Sch. 29 paras. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/2) repealed by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164](https://www.legislation.gov.uk/ukpga/1990/1/section/164), [Sch. 2](https://www.legislation.gov.uk/ukpga/1990/1/schedule/2)
[^c23838141]: [Sch. 29 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/4) repealed (with effect in accordance with s. 90 of the repealing Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Pt. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/5), Note 2
[^c23837361]: [Sch. 29 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/5) repealed by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 8](https://www.legislation.gov.uk/ukpga/1988/48/schedule/8); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816)
[^c23835881]: [Sch. 29 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/6) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23837371]: [Sch. 29 para. 7(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/7/1/3) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Pt. 4](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/4), Note 9
[^c21639901]: Words in [Sch. 29 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/8) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [13](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/13)
[^c22809691]: Words in [Sch. 29 para. 10(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/3) repealed (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21639921]: [Sch. 29 para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/4/b) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c22809701]: [Sch. 29 para. 10(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/7) repealed (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21639931]: [Sch. 29 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/11) repealed (1.1.1994) by [Friendly Societies Act 1992 (c. 40)](https://www.legislation.gov.uk/ukpga/1992/40), [s. 120(2)](https://www.legislation.gov.uk/ukpga/1992/40/section/120/2), [Sch. 22 Pt. I](https://www.legislation.gov.uk/ukpga/1992/40/schedule/22/part/I) (with [ss. 7(5)](https://www.legislation.gov.uk/ukpga/1992/40/section/7/5), [93(4)](https://www.legislation.gov.uk/ukpga/1992/40/section/93/4)); [S.I. 1993/2213](https://www.legislation.gov.uk/uksi/1993/2213), [art. 2(1)](https://www.legislation.gov.uk/uksi/1993/2213/article/2/1), [Sch.6](https://www.legislation.gov.uk/uksi/1993/2213/schedule/6) Appendix
[^c21639941]: [Sch. 29 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/12) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21639971]: [Sch. 29 para. 14](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/14) repealed (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch.1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1) (with [Sch. 3 paras. 2](https://www.legislation.gov.uk/ukpga/1992/9/schedule/3/paragraph/2), [4](https://www.legislation.gov.uk/ukpga/1992/9/schedule/3/paragraph/4))
[^c21639981]: [Sch. 29 para. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/15) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21639991]: [Sch. 29 para. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/16) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640001]: [Sch. 29 para. 17](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/17) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640011]: [Sch. 29 para. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/18) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640021]: [Sch. 29 para. 19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/19) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640031]: [Sch. 29 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/20) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640041]: [Sch. 29 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/21) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640051]: [Sch. 29 para. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/22) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640061]: [Sch. 29 para. 23](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/23) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640071]: [Sch. 29 para. 24](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/24) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640081]: [Sch. 29 para. 25](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/25) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640091]: [Sch. 29 para. 26](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/26) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640101]: [Sch. 29 para. 27](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/27) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640111]: [Sch. 29 para. 28](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/28) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c22809711]: Entry in Sch. 29 para. 32 repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c21642601]: Entry in Sch. 29 para. 32 Table repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 81](https://www.legislation.gov.uk/ukpga/1991/31/section/81), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 1
[^c22809721]: Entries in Sch. 29 para. 32 repealed (with effect in accordance with Sch. 18 para. 17 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21642651]: Entries in Sch. 29 para. 32 repealed (6.3.1992 with effect as mentioned in s. 289(1)(2) of the repealing Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [172](https://www.legislation.gov.uk/ukpga/1992/12/section/172), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21642831]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/6/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/6/schedule/1) and by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1)
[^c23835901]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries repealed (25.7.2003 for specified purposes, 29.12.2003 for further specified purposes) by [Communications Act 2003 (c. 21)](https://www.legislation.gov.uk/ukpga/2003/21), [ss. 406(7)](https://www.legislation.gov.uk/ukpga/2003/21/section/406/7), [411](https://www.legislation.gov.uk/ukpga/2003/21/section/411), [Sch. 19(1)](https://www.legislation.gov.uk/ukpga/2003/21/schedule/19/1),(with transitional provisions in Sch. 18); [S.I. 2003/1900](https://www.legislation.gov.uk/uksi/2003/1900), [art. 1(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/1/2), [2(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/2/1), [3(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/3/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/1900/schedule/1) (with [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/3/2) (as amended ([8](https://www.legislation.gov.uk/uksi/2003/1900/article/8).[12](https://www.legislation.gov.uk/uksi/2003/1900/article/12).[2003](https://www.legislation.gov.uk/uksi/2003/1900/article/2003)) by [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 1(3)](https://www.legislation.gov.uk/uksi/2003/3142/article/1/3))); [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/3142/article/3/2) (with [art. 11](https://www.legislation.gov.uk/uksi/2003/3142/article/11))
[^c23835981]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries repealed (15.9.2003) by [Enterprise Act 2002 (c. 40)](https://www.legislation.gov.uk/ukpga/2002/40), [s. 279](https://www.legislation.gov.uk/ukpga/2002/40/section/279), [Sch. 26](https://www.legislation.gov.uk/ukpga/2002/40/schedule/26): [S.I. 2003/2093](https://www.legislation.gov.uk/uksi/2003/2093), [art. 2(1)](https://www.legislation.gov.uk/uksi/2003/2093/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/2093/schedule/1) (with [art. 4](https://www.legislation.gov.uk/uksi/2003/2093/article/4))
[^c21643261]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/6/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/6/schedule/1)
[^c21643301]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1)
[^c22809731]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22809741]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22809751]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23836281]: [Sch. 30 paras. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18), [18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836301]: [Sch. 30 paras. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18), [18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21818231]: [Sch. 30 para. 18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164](https://www.legislation.gov.uk/ukpga/1990/1/section/164), [Sch. 1 para. 8(43)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/43)
[^c22747341]: [Sch. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4A) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 71(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/71/2), [Sch. 24 para. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/1)
[^c22746961]: [Sch. 5AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA) inserted (with effect in accordance with [s. 80(6)(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/2), [Sch. 11](https://www.legislation.gov.uk/ukpga/1997/16/schedule/11)
[^c22746191]: [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) inserted (with effect in accordance with [s. 85(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/2), [Sch. 19](https://www.legislation.gov.uk/ukpga/1995/4/schedule/19)
[^c22747251]: [Sch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/5/2)
[^c22747091]: [Sch. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/58/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 58(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/58/2), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/9/part/1)
[^c22747351]: [Sch. 12AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12AA) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 57(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/2), [Sch. 12 Pt. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/1)
[^c22747141]: [Sch. 12A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A) inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/61/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 61(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/61/2), [Sch. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/10)
[^c22747001]: [Sch. 13A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A) inserted (with effect in accordance with [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/25/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 139](https://www.legislation.gov.uk/ukpga/1996/8/section/139), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/25/paragraph/2)
[^c22747231]: [Sch. 13B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B) inserted (with effect in accordance with [s. 30(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/1999/16/schedule/3)
[^c22734791]: [Sch. 15A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/12/paragraph/6/2)
[^c22746341]: [Sch. 15B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B) inserted (with effect in accordance with [s. 71(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/2), [Sch. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/15)
[^c22768001]: [Sch. 17A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/17A) inserted (with effect in accordance with [s. 100(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/100/4) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 100(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/100/3), [Sch. 15](https://www.legislation.gov.uk/ukpga/1990/29/schedule/15); [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c23377151]: [Sch. 19B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 286(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/286/3), [Sch. 38](https://www.legislation.gov.uk/ukpga/2004/12/schedule/38)
[^c21567841]: *See* s.686—*income of trustees chargeable at higher rate.*
[^c21567851]: [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(2)](https://www.legislation.gov.uk/uksi/1991/732/article/2/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1992-93) by [1992 c. 20](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(2)(b)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/2/b) (in place of [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(2)](https://www.legislation.gov.uk/uksi/1992/622/article/2/2)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 51(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/51/2) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(2)](https://www.legislation.gov.uk/uksi/1993/755/article/2/2)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1994-95) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 75(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/75/2) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(2)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/2)) [S. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/b) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/2/b) [S. 1(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/aa) amended (1995-96) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 35(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/35/2) (in place of [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/2/a)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1996-97) by [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8), [s. 72(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/72/2) (in place of [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(2)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/2)) [S. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/b) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/2/b) [S. 1(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/aa) amended (1997-98) by [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [s. 54(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/54/2) (in place of [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/2/a)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/755/article/2/2) [S. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/b) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1999/597/article/2/2/b) (the effect of art. 2(2)(a) being superseded by [1999 c. 16](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/1) which substitutes s. 1(2)(aa)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(2)](https://www.legislation.gov.uk/uksi/2000/806/article/2/2) [S. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/b) amended (2001-02) by [S.I. 2001/638](https://www.legislation.gov.uk/uksi/2001/638), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/2001/638/article/2/2/b) [S. 1(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/aa) amended (2001-02) by [2001 c. 9](https://www.legislation.gov.uk/ukpga/2001/9), [s. 51(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/51/1) (in place of [S.I. 2001/638](https://www.legislation.gov.uk/uksi/2001/638), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/2001/638/article/2/2/a)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2002-03) by [S.I. 2002/707](https://www.legislation.gov.uk/uksi/2002/707), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/707/article/2/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2003-04) by [S.I. 2003/840](https://www.legislation.gov.uk/uksi/2003/840), [art. 2](https://www.legislation.gov.uk/uksi/2003/840/article/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2004-05) by [S.I. 2004/772](https://www.legislation.gov.uk/uksi/2004/772), [art. 2](https://www.legislation.gov.uk/uksi/2004/772/article/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2005-06) by [S.I. 2005/716](https://www.legislation.gov.uk/uksi/2005/716), [art. 2](https://www.legislation.gov.uk/uksi/2005/716/article/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2006-07) by [S.I. 2006/872](https://www.legislation.gov.uk/uksi/2006/872), [art. 2](https://www.legislation.gov.uk/uksi/2006/872/article/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2007-08) by [S.I. 2007/943](https://www.legislation.gov.uk/uksi/2007/943), [art. 2](https://www.legislation.gov.uk/uksi/2007/943/article/2)
[^c21567861]: Source—1970 s.1; 1971 s.32(1); 1980 s.24(2); 1987 s.20(1)
[^c21567891]: *See* 1990 s.17(1)—*basic rate* 25%*and higher rate* 40%*for* 1990-91.
[^c21567901]: *For earlier years see* Table C Vol.1.
[^c21567911]: Words in [s. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/a) inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(3)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/3/10/11).
[^c21567921]: 1988(F) s.24(2)(a)*for* 1988-89.*Previously* “(b) in respect of so much of an individual's total income as exceeds £17,900, at such higher rates respectively as Parliament may determine in relation to the first £2,500, the next £5,000, the next £7,900, the next £7,900 and the remainder;”.
[^c21567961]: 1990 s.17(1)(b)*for* 1990-91. (Art. 2(2)*of* S.I. [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677) (*in* Part III Vol.5)*was not operated.*)
[^c21567981]: Source‐1980 s.24(3); 1984 Sch.7 3(5)
[^c21567991]: Words in [s. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/3) inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(5)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/5/10/11).
[^c21568001]: Repealed by 1988(F) s. 148 and Sch. 14 Part IV for 1988-89 and subsequent years
[^c21568011]: *See*—1988(F) s.24(2)—*indexation not to apply for* 1988-89.1990 s.17(1)—*indexation not to apply for* 1990-91.
[^c21568021]: [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1991-92 by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 21(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/21/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1992-93 by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(2)(a)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/2/a/5). [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1993-94 by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 51(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/51/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1994-95 by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 75(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/75/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1995-96 by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 35(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/35/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1996-97 by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 72(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/72/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1999-00 by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/5) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 2001-02 by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 51(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/51/2)
[^c21568031]: Source—1980 s.24(4), (7), (9)
[^c21568041]: Words in [s. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) substituted (27.7.1993 with effect for year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(2)(a)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/2/a/8)
[^c21568061]: Words in [s. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) substituted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by virtue of [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(6)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/6/10/11).
[^c21568071]: [S. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5) repealed (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 107(2)(b)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/2/b/8), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23), [Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/part/III)
[^c21568091]: *See* S.I. [1989 No. 467](https://www.legislation.gov.uk/ukcm/1989/467) in Part III Vol.5.
[^c21568101]: Word in [s. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/6) substituted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by virtue of [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(7)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/7/10/11).
[^c21568111]: [S. 1(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/6A) inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(8)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/8/10/11).
[^c21833131]: [S. 1(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/aa) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/1)
[^c21833171]: [S. 1(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2A) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/2)
[^c21833861]: Words in [s. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/3) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/3)
[^c21834131]: Words in [s. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/4)
[^c21834201]: [S. 1(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5A) inserted (27.7.1999 with effect for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 25(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/25/2)
[^c21834731]: [S. 1(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5A) modified for the year 2002-03 by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 27(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/27/a) [S. 1(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5A) modified for the year 2003-04 by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 132](https://www.legislation.gov.uk/ukpga/2003/14/section/132)
[^c21834181]: Words in [s. 1(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/6A) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/6)
[^c23330151]: [S. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/2/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23330171]: Words in [s. 1(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/2/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333811]: [S. 1(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 2(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23355861]: Word at the end of s. 1(1)(b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 2(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333831]: [S. 1(1)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/1/ba) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 2(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568121]: Source—1970 s.2
[^c21568131]: Source—1970 s.3; 1971 Sch.6 2
[^c21819141]: [S. 3(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/3/c) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 113](https://www.legislation.gov.uk/ukpga/1997/16/section/113) {Sch. 18}
[^c21568141]: Source—1971 s.36; 1975(No. 2) s.44(6)
[^c21819171]: [S. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/1A) inserted (with effect in accordance with [s. 73(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/2)
[^c21819191]: Words in [s. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/2) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73](https://www.legislation.gov.uk/ukpga/1996/8/section/73), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/2)
[^c23332711]: Words in [s. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333721]: [S. 4(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/1B) inserted (retrospective, and with effect in accordance with [s. 33(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/33/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 33(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/33/1)
[^c23333741]: [S. 4(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/1B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para 5](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21826471]: Words in [s. 1A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1) substituted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/2)
[^c21826511]: [S. 1A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1A) inserted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/3)
[^c21826531]: [S. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) substituted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/4)
[^c21826691]: Words in [s. 1A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1) substituted (with effect in accordance with [s. 100(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/100/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 100(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/100/1)
[^c21826731]: [S. 1A(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/aa) inserted (with effect in accordance with [s. 100(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/100/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 100(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/100/2)
[^c21826911]: [S. 1A](https://www.legislation.gov.uk/ukpga/1988/1/section/1A) extended (27.7.1999) [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [s. 20](https://www.legislation.gov.uk/ukpga/1999/20/section/20), [Sch. 3 para. 6(4)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/4) (with [Sch. 3 para. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1))
[^c21826771]: [S. 1A(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1B) inserted (with application in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(7)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/7/a)
[^c21826851]: [S. 1A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/6A) inserted (with application in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(7)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/7/b)
[^c21826931]: Words in [s. 1A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1/b) inserted (with effect in accordance with [s. 32(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/32/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 32(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/32/2)
[^c21827091]: [S. 1A(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1AA) inserted (with effect in accordance with [s. 32(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/32/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 32(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/32/3)
[^c23332651]: Word preceding s. 1A(2)(c) repealed (with effect in accordance with s. 173(2) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/1/2), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 1
[^c23332671]: [S. 1A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/d) and preceding word inserted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/1/2)
[^c23332691]: Words in [s. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) inserted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/1/3)
[^c23333201]: Words in [s. 1A(1AA)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1AA/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333221]: [S. 1A(1AA)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1AA/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333241]: Words in [s. 1A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/3/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333261]: Word in [s. 1A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/3/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333281]: [S. 1A(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333301]: Words in [s. 1A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333321]: Words in [s. 1A(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/aa) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333391]: Words in [s. 1A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333411]: Words in [s. 1A(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/d), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2)
[^c23333431]: Words in [s. 1A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333451]: [S. 1A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333471]: Words in [s. 1A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23355871]: [S. 1A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/4/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/6/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333491]: Words in [s. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333511]: Words in [s. 1A(5)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5/b/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 3(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333531]: [S. 1A(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5/b/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/7/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333551]: Words in [s. 1A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333371]: [S. 1A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/9), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333571]: [S. 1A(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/8/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/4/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 4)](https://www.legislation.gov.uk/ukpga/2005/4), [Sch. 1 para. 3(10)](https://www.legislation.gov.uk/ukpga/2005/4/schedule/1/paragraph/3/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/4/schedule/2))
[^c23333621]: [S. 1B(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1B/1/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333631]: Word in [s. 1B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/1B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333651]: Words in [s. 1B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1B/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333681]: [S. 1B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/1B/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568171]: [S. 6](https://www.legislation.gov.uk/ukpga/1988/1/section/6) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 1(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/1/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21568181]: Table K Vol.1.*See*—[Trustee Savings Bank Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(2).1990(C) s.92—*balancing charge on a person liable to corporation tax in respect of dwelling houses let on assured tenancies to be made under* Sch.A.
[^c21568191]: Source—1970 s.238
[^c21568201]: *See* 1988(F) s.148*and* Sch.14 Part V*for repeals which will take place from* 6*April* 1993.
[^c21819241]: Words in [s. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4) repealed (with effect in accordance with Sch. 8 Pt. 2(4) Note of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8)
[^c21819261]: Words in [s. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4) repealed (with application in accordance with Sch. 33 Pt. 2(10) Note of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 110](https://www.legislation.gov.uk/ukpga/2001/9/section/110), [Sch. 33](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33)
[^c21568211]: Source—1970 s.240(4), (5)
[^c21568221]: *See*—1970(M) s.94—*set off to be disregarded in computing penalty for failure to deliver a return.*1990 ss.98*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21819281]: [S. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) applied (with modifications) (with effect in accordance with s. 105(1) of the applying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/2) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21568231]: Source—1982 s.26(7)
[^c21568241]: Source—1970 s.240(7)
[^c21819291]: Words in [s. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c22720351]: [S. 7(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/5) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21568301]: Source—1970 s.243 (1)-(3), (5)-(7); 1974 s.36; 1987(No. 2) s.90(1)(a)
[^c21568311]: [S. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/8/3): the day appointed for the purposes of s. 8(3) is 30.9.1993 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b).
[^c21568321]: [S. 8(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/8/4) repealed (27.7.1993 with application in relation to resolutions passed after the day on which [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34) is passed) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 205(7)](https://www.legislation.gov.uk/ukpga/1993/34/section/205/7), [206(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/206/1), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.VI](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/VI)
[^c21568361]: Source—1970 s.250
[^c23332731]: [S. 9(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a/b) substituted for words in s. 9(3) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332751]: Words in [s. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 4(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333931]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333951]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333871]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333971]: Words in [s. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333891]: Words in [s. 9(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568511]: *See*—1970(M) s.94(2)—*set off to be disregarded in computing penalty for failure to make a return.*1990 ss.98*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21819641]: [S. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) applied (with modifications) (with effect in accordance with s. 105(1) of the applying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/2) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21568521]: Words in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) repealed (27.7.1993 with effect in accordance with [s. 103](https://www.legislation.gov.uk/ukpga/1993/34/section/103) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103](https://www.legislation.gov.uk/ukpga/1993/34/section/103), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c21568531]: SOURCE-1982 s. 26(7)
[^c21819671]: Words in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21568541]: SOURCE-1970 s. 247; 1972 s. 107(1)
[^c21568551]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21797311]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4(2)(b)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/2/b)
[^c21797591]: [S. 12(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/1) excluded (28.4.1997) by The Open-ended Investment Companies (Tax) Regulations 1997 (SI 1997/1154), {reg. 25(2)}
[^c21797511]: Words in [s. 12(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5) inserted (with effect as mentioned in [Sch. 24 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/2/a)
[^c21797531]: Words in [s. 12(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5) substituted (with effect as mentioned in [Sch. 4 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/4/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/2/b)
[^c21797571]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (19.3.1997) by [S.I. 1995/171](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4A](https://www.legislation.gov.uk/uksi/1995/171/regulation/4A) (as inserted by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [reg. 4](https://www.legislation.gov.uk/uksi/1997/472/regulation/4))
[^c21797611]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 4](https://www.legislation.gov.uk/uksi/1997/473/regulation/4) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [art. 154](https://www.legislation.gov.uk/uksi/2001/3629/article/154)); and that modifying reg. 4 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 5](https://www.legislation.gov.uk/uksi/2004/822/regulation/5)
[^c21797631]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) substituted (with effect in accordance with art. 14(4) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 14(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/14/2)
[^c23332921]: [S. 12(3)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/3/da) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/2)
[^c23332961]: Words in [s. 12(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/4)
[^c23333001]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) substituted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/6)
[^c23334381]: [S. 12(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/1) excluded (1.4.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [79(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/79/2)
[^c23333991]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) inserted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/2)
[^c21568671]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) modified (for the financial year 1991 and subsequent financial years) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/25/3) [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) modified (for the financial year 1994 and subsequent financial years) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3)
[^c21568681]: SOURCE-1972 s. 95; 1973 Sch. 14 2, 4; 1983 (No. 2) s. 2(2); 1987 (No. 2) s. 74(4)
[^c21568691]: 1989 s.105(1)*in relation to accounting periods beginning after* 31*March* 1989.*Previously* “a company resident in the United Kingdom”.
[^c21568701]: *For rates and fractions see* Table K Vol.1.
[^c21568711]: [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1990) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 23(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/23/2)
[^c21568721]: [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 25(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/25/1/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 22(b)](https://www.legislation.gov.uk/ukpga/1992/48/section/22/b). [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 54(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/54/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/1/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1995) by Finance Act 1995 (c. 4,) {s. 38(b)} [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 78(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/78/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 59(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/59/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 28(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/28/2/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1999) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 29(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/29/2/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 36(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/36/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 55(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/55/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 31(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/31/b)
[^c21568771]: [S. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) amended (27.7.1993 with application as mentioned in s. 78(11) of the Amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21834881]: Words in [s. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/3) substituted (with effect in accordance with [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/2/a)
[^c21834911]: Words in [s. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/3) substituted (with effect in accordance with [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/2/b)
[^c21845781]: [S. 13(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/4/5) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 99(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/99/5) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55)) [S. 13(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/4/5) applied (with effect in accordance with Sch. 14 para. 10 of the 1997 affecting Act) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 38D(6)](https://www.legislation.gov.uk/ukpga/1990/1/section/38D/6) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 84](https://www.legislation.gov.uk/ukpga/1997/16/section/84), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1997/16/schedule/14/paragraph/2))
[^c21835911]: Words in [s. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 138](https://www.legislation.gov.uk/ukpga/1994/9/section/138), [Sch. 16 para. 11(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/11/2)
[^c21842921]: [S. 13(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 138](https://www.legislation.gov.uk/ukpga/1994/9/section/138), [Sch. 16 para. 11(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/11/3)
[^c21845791]: Words in [s. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) (7) repealed (with effect in accordance with [Sch. 6 para. 1(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/1/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 36](https://www.legislation.gov.uk/ukpga/1997/58/section/36), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6). para. 1(2), Sch. 8 Pt. 2(11) Note
[^c21847281]: [S. 13(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8A) repealed (with effect in accordance with [Sch. 6 para. 1(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/1/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 36](https://www.legislation.gov.uk/ukpga/1997/58/section/36), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6). para. 1(3), Sch. 8 Pt. 2(11) Note
[^c21847351]: Words in [s. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) substituted (with effect in accordance with [Sch. 3 para. 7(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [Sch. 3 para. 7(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/2)
[^c21847421]: [S. 13(8AA)(8AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8AA/8AB) inserted (with effect in accordance with [Sch. 3 para. 7(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [Sch. 3 para. 7(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/3)
[^c22720361]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) applied (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(7)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/7/b)
[^c21847461]: [S. 13(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/9) repealed (with effect in accordance with Sch. 20 Pt. 3(2) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/2)
[^c23334421]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) applied (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(10)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/10)
[^c21853121]: Words in [s. 13(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7/a) repealed (with application in accordance with s. 86(6) and Sch. 33 Pt. 2(11) Note of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/2/a), [Sch. 33 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/11)
[^c21853141]: Words in [s. 13(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7/b) substituted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/2/b)
[^c21853161]: [S. 13(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7A) inserted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/3)
[^c21853181]: [S. 13(8AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8AA) substituted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/4)
[^c21827111]: Words in [s. 13A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/1) inserted (with effect in accordance with [s. 28(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/2)
[^c23334071]: Words in [s. 13A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/2/b/ii) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [48(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/48/b)
[^c23334031]: Words in [s. 13A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/2/b/ii) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [48(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/48/a)
[^c21827201]: [S. 13AA](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(7)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/7/a)
[^c23357001]: [S. 13AA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA/3) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 29(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/29/b) [S. 13AA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA/3) modified (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 56(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/56/b) [S. 13AA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA/3) modified (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 32(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/32/b)
[^c23333101]: [S. 13AB](https://www.legislation.gov.uk/ukpga/1988/1/section/13AB) applied (with modifications) (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 28(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/4/5)
[^c21568881]: SOURCE-1972 s. 84(4)
[^c21568891]: *For rates see* Table J Vol.1.
[^c21568931]: *See* 1980 s.117*and* Sch.18—*demergers.*
[^c21827291]: [S. 14(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/14/1/3) repealed (with effect as mentioned in Sch. 3 para. 8(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/8/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2) Note
[^c21828901]: [Ss. 15-17](https://www.legislation.gov.uk/ukpga/1988/1/section/15): Schs. A-C excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/b/4) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220))
[^c21568981]: SOURCE-1970(1)–(3)
[^c21568991]: *See*—1970(M) s.19—*information for purposes of* Sch.A*and associated* Sch.D*charges.*1990(C ) s.9(5)—*manner of making allowances and charges.*1990(C) s.67(3)—*allowances in respect of leased assets employed for thermal insulation.*1990(C) s.92—*allowances in respect of dwelling houses let on assured tenancies.*
[^c21569021]: [S. 51(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/51/3) repealed (with effect from 6.4.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part V](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14), Note 1
[^c22720711]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/1) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22720721]: [S. 15(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22720741]: [S. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/2) repealed (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4)
[^c22720771]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 2(3) repealed (with effect in accordance with s. 79(3) of, and Sch. 23 to, the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 141](https://www.legislation.gov.uk/ukpga/2002/23/section/141), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10)
[^c22720751]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 2(3) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 83(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/1/b), [Sch. 27 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22720781]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 1(4)(b) repealed (S.) (28.11.2004) by [Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5)](https://www.legislation.gov.uk/asp/2000/5), [ss. 71](https://www.legislation.gov.uk/asp/2000/5/section/71), [77(2)](https://www.legislation.gov.uk/asp/2000/5/section/77/2), [Sch. 12 para. 50(2)](https://www.legislation.gov.uk/asp/2000/5/schedule/12/paragraph/50/2), [Sch. 13 Pt. 1](https://www.legislation.gov.uk/asp/2000/5/schedule/13/part/1); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23334701]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A para. 2(3) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 120(3)(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/120/3/4)
[^c23347461]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A para. 2(3) excluded (6.4.2008) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z1(3)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z1/3) (as inserted by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I.2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23334081]: Words in [s. 15(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334101]: Words in [s. 15(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334121]: [S. 15(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334141]: Words in [s. 15(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21569121]: SOURCE-1970 s. 108(1)
[^c21569131]: *See, as regards exemption, the following provisions of this Act:*—s.320—*Commonwealth Agents—General and official agents etc.*[s.322](https://www.legislation.gov.uk/ukpga/1988/1/section/322)—*certain consular officers and employees.*[s.323](https://www.legislation.gov.uk/ukpga/1988/1/section/323)—*visiting forces and staffs of allied headquarters.*[s.325](https://www.legislation.gov.uk/ukpga/1988/1/section/325)—*certain savings bank interest.*[s.326](https://www.legislation.gov.uk/ukpga/1988/1/section/326)—*sums payable under certified contractual saving schemes.*[s.327](https://www.legislation.gov.uk/ukpga/1988/1/section/327)—*interest on damages for personal injuries.*[s.328](https://www.legislation.gov.uk/ukpga/1988/1/section/328)—*funds in court.*[s.330](https://www.legislation.gov.uk/ukpga/1988/1/section/330)—*German annuities in compensation for National Socialist persecution.*[s.438](https://www.legislation.gov.uk/ukpga/1988/1/section/438)—*annuity funds of insurance companies doing pension business.*[s.459](https://www.legislation.gov.uk/ukpga/1988/1/section/459)*to* 461—*certain friendly societies.*[s.467](https://www.legislation.gov.uk/ukpga/1988/1/section/467)—*certain trade unions*[s.476](https://www.legislation.gov.uk/ukpga/1988/1/section/476)—*certain dividends and interest payable by building societies* (*Repealed by* 1990 s.30*and* Sch.5 para.2*for* 1991-92*and subsequent years.*).s.484—*savings banks.*[s.505](https://www.legislation.gov.uk/ukpga/1988/1/section/505)*and* 506—*charities.*[s.507](https://www.legislation.gov.uk/ukpga/1988/1/section/507)—*British Museum.*[s.508](https://www.legislation.gov.uk/ukpga/1988/1/section/508)—*scientific research associations.*[s.510](https://www.legislation.gov.uk/ukpga/1988/1/section/510)—*agricultural societies.*[s.514](https://www.legislation.gov.uk/ukpga/1988/1/section/514)—*funds for reducing National Debt.*[s.517](https://www.legislation.gov.uk/ukpga/1988/1/section/517)—*issue departments of Reserve Bank of India and State Bank of Pakistan.*[s.519](https://www.legislation.gov.uk/ukpga/1988/1/section/519)—*local authorities.*[s.578](https://www.legislation.gov.uk/ukpga/1988/1/section/578)—*housing grants.*[s.581](https://www.legislation.gov.uk/ukpga/1988/1/section/581)—*interest on certain local authority borrowing in foreign currency.*[s.613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4)—*Parliamentary pension funds.*[s.614](https://www.legislation.gov.uk/ukpga/1988/1/section/614)—*national insurance supplementary schemes etc; and certain Indian family pension funds.*[s.614(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/3)—*certain pension funds for Crown service abroad.*[s.614](https://www.legislation.gov.uk/ukpga/1988/1/section/614)*and* 615—*certain pension funds for overseas employees.*[s.620(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/620/5)*and* (6)—*approved retirement annuity trust schemes.*[s.656](https://www.legislation.gov.uk/ukpga/1988/1/section/656)*and* 657—*certain purchased life annuities.*[s.688](https://www.legislation.gov.uk/ukpga/1988/1/section/688)—*certain interest received by trustees of schemes for directors and employees to acquire shares.* *See also*—1989 s.43*for periods of account ending after* 5*April* 1989*involving emoluments.*Income Tax (Repayment of Post-War Credits) Act 1959 s.2(4) (*see* Part II Vol.5)—*interest on post-war credits.*[Diplomatic Privileges Act 1964 (c.81)](https://www.legislation.gov.uk/ukpga/1964/81).[Commonwealth Secretariat Act 1966 (c.10)](https://www.legislation.gov.uk/ukpga/1966/10), [s.1(2)](https://www.legislation.gov.uk/ukpga/1966/10/section/1/2)*and* Sch. Part I para.3—*the Commonwealth Secretariat.*[International Organisations Act 1968 (c.48)](https://www.legislation.gov.uk/ukpga/1968/48)—*certain international organisations and persons connected therewith.*Double taxation agreements (listed in Part III Vol.5)*in force under* ss.788-799*of this Act as to certain persons resident abroad.*
[^c21569141]: *See* 1970(M) Part VIII*as to charges on non-residents.*
[^c21569161]: SOURCE-1970 s. 109(1), (2)
[^c21569171]: *See*—1988 s.79A(4)—*charge on contributor to training and enterprise councils and local enterprise companies who receives benefits in return.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1987 No.530](https://www.legislation.gov.uk/ukcm/1987/530) (*in* Part III Vol.5) regn.8—*computation of profits and gains in respect of payments attributable to non-resident entertainers and sportsmen.*
[^c21569181]: *See*—1989 s.94*and* Sch.11 para.5—*deep gain securities transferred on or after* 14*March* 1989.S.I. [1986 No. 1948](https://www.legislation.gov.uk/ukcm/1986/1948) (*in* Part III Vol.5) regn.8(2)(d)—*interest on cash deposits which are plan investments under personal equity plans.*1990 s.56*and* Sch.10 para.12(4)—*treatment of chargeable events in relation to convertible securities.*[Housing Act 1957 (c.56)](https://www.legislation.gov.uk/ukpga/1957/56) Sch.8 para.4*and* [Housing (Scotland) Act 1966 (c.49)](https://www.legislation.gov.uk/ukpga/1966/49) Sch.7 para.4—*interest on certain small holdings of housing bonds.*[Housing Subsidies Act 1967 (c.29)](https://www.legislation.gov.uk/ukpga/1967/29) s.24(2)(c) (*reproduced in* Part II Vol.5)—*payment received by lender from Minister in respect of subsidised loan.*
[^c21569191]: *See*—1989 s.94*and* Sch.11 para.5—*deep gain securities transferred on or after* 14*March* 1989.1990 s.56*and* Sch.10 paras.12(4)*and* 20—*treatment of chargeable events in relation to income received in the U.K. from convertible securities.*
[^c21569201]: *See also*—1990 ss.9(5)*and* 15—*certain balancing charges on lessors and others in respect of industrial buildings, machinery, etc.*1970(M) s.30—*recovery of overpayment of tax, etc.*1988 s.79A(4)—*charge on contributor to training and enterprise councils and local enterprise companies who receives benefit in return.*1989 ss.68, 71—*charge on certain profits or gains of employee share ownership trusts.*1990(C) s.92(2)—*balancing charge in respect of dwelling houses let on assured tenancies.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1956 No.1230](https://www.legislation.gov.uk/ukcm/1956/1230) (*in* Part III Vol. 5) regns. 4*and* 15—*additional liabilities in respect of purchased life annuities in certain contingencies.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1989 No.469](https://www.legislation.gov.uk/ukcm/1989/469) (*in* Part III Vol. 5) regn.22(3)—*assessments to recover tax in respect of income under personal equity plans.*
[^c21569211]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I extended (with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2/a/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I restricted (with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 171(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2/b/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case 1 extended (with application in accordance with s. 219(4) of the extending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/a) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I modified (29.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [ss. 135](https://www.legislation.gov.uk/ukpga/1996/55/section/135), [149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 19](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/19) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, II, VI extended (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 47(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/4) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, II restricted (with application in accordance with s. 42(3) of the restricting Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 42(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/42/1/2) (with [s. 42(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/42/4/5)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, III, V modified (with effect in accordance with s. 117(4)(5) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1), [Sch. 18 para. 84](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/84) (with [Sch. 18 para. 59(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/59/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, VI restricted (with application in accordance with s. 46(7) of the restricting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 46(1)-(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/46/1)
[^c21792421]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases II-VI excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/b/4) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220))
[^c21569221]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (16.7.1992 with effect in relation to chargeable periods ending after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 66](https://www.legislation.gov.uk/ukpga/1992/48/section/66), [Sch. 12 paras. 1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/1), [3(1)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/3/1), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/7). [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (27.7.1993 with effect as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 130(2)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/130/2/4), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI restricted (27.7.1993) by [Agriculture Act 1993 (c. 37)](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 paras. 19(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/paragraph/19/2), [20(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/paragraph/20/2) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with application in accordance with Sch. 20 para. 11(1)(2) of the extending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218), [Sch. 20 para. 11(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/11/3) (with [Sch. 20 para. 12(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with effect in accordance with s. 117(4)(5) of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1), [Sch. 18 para. 52(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/52/4) (with [Sch. 18 para. 59(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/59/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with effect in accordance with s. 579 of the extending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 256(2)(b)(4)](https://www.legislation.gov.uk/ukpga/2001/2/section/256/2/b/4) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c21569241]: SOURCE-1970 ss. 108(3), 109(3)
[^c21792911]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D excluded (with effect in accordance with s. 39(4)(5) of the excluding Act) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 588(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/4A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/24))
[^c21792731]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case I inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/2)
[^c21792851]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III extended (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 157(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/157/7) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III applied (with effect as mentioned in s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 83(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/83/9), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/3/4), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III modified (with effect as mentioned in s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 83(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/83/9), [Sch. 8 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/3/5), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases III, IV extended (with effect in accordance with s. 105(1) of the extending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 102](https://www.legislation.gov.uk/ukpga/1996/8/section/102), [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/1/1) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21792961]: [S. 18(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/1): words in Sch. D para. (b) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/1) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21792981]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case III para. (c) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/a) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793061]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case IV repealed (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/b), [Sch. 41 Pt. V(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/2), Note (with Sch. 7 paras. 33-35)
[^c21794021]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case V extended (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [s. 20](https://www.legislation.gov.uk/ukpga/1999/20/section/20), [Sch. 3 para. 6(3)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/3) (with [Sch. 3 para. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1))
[^c21793001]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case VI substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/c) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793081]: [S. 18(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3A) inserted (with effect as mentioned in [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 104](https://www.legislation.gov.uk/ukpga/1996/8/section/104), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/5) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21793021]: [S. 18(3B)-(3E)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3B) inserted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/3) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793041]: Words in [s. 18(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/5) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/4) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23332821]: [S. 18(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/1): words in Sch. D para. (b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332831]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case V substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332841]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case VI substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333121]: [S. 18(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/6) inserted (with effect in accordance with [s. 97(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/97/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 105(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/105/4) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23334181]: [S. 18(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/4A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334201]: Words in [s. 18(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334221]: [S. 18(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357441]: [S. 18(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3A): Sch. D Case III para. (c) repealed (with effect in accordance with Sch. 7 para. 12(9)(13) of the repealing Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 12(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/12/9), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c21569491]: SOURCE-1970 s. 90(1); 1972 s. 81(3)
[^c21569501]: SOURCE-1970 s. 90(2)
[^c21569511]: SOURCE-1970 s. 90(2A), (2B); 1972 s. 81(4)
[^c21569521]: SOURCE-1970 s. 90(3)
[^c21569531]: SOURCE-1970 s. 71(2)
[^c21819701]: Words in [s. 24(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/24/2) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 Para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/1)
[^c21819721]: [S. 24(6)(c)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/24/6/c/7) and word preceding s. 24(6)(c) repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c21856561]: [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39).
[^c21856571]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c21856601]: [S. 21A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/5) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 70(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/3), [Sch. 23 para. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/1)
[^c23348091]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23348111]: Words in [S. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23348131]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23348351]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348371]: Words in [s. 21A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348401]: Words in [s. 21A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348411]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 13(a)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/13/a/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349101]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 13(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/13/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349121]: Word in [s. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) (1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 14(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/14/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349141]: Words in [s. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) (4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 14(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/14/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21805301]: [S. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/7)
[^c21569731]: SOURCE-1970 s. 76
[^c21569741]: *See* 1979(C) s.34(4)(b)—*restriction, by reference to capital allowances, of capital losses for purpose of capital gains.*
[^c21805311]: Words in [s. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/11) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23349161]: Words in [s. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349181]: Words in [s. 30(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/2/a) substituted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349201]: [S. 30(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21569961]: *See* 1976(D) s.34*and* Sch.6 para.4. 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part. X*with effect from* 19*March* 1985.
[^c21569971]: SOURCE-1970 s. 80(1), (2)
[^c21569981]: SOURCE-1970 s. 80(2); 1987 Sch. 15 para. 13
[^c21569991]: SOURCE-1970 s. 80(3), (4)
[^c21570001]: SOURCE-1970 s. 80(5)
[^c21570011]: SOURCE-1970 s. 80(6), (7); 1972 s. 81(1)
[^c21570021]: *See* 1979(C) s.106*and* Sch.3 paras.5*and* 7—*exclusion of amounts taxed under this section in computing capital gains.*
[^c21794731]: [S. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/9)
[^c21794711]: [S. 34(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/9) repealed (with effect in accordance with s. 39(4)(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 08(01)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/08/01), Note
[^c21794841]: Words in [s. 34(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/1) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/2)
[^c21794761]: Words in [s. 34(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/3), (with Sch. 5 para. 73)
[^c21794861]: Words in [s. 34(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/4/a) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/3/a)
[^c21794881]: Words in [s. 34(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/4/b) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/3/b)
[^c21794901]: Words in [s. 34(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/5/a) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/4/a)
[^c21794921]: Words in [s. 34(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/5/b) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/4/b)
[^c21794781]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/4), (with Sch. 5 para. 73)
[^c21794801]: [S. 34(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/7A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/5), (with Sch. 5 para. 73)
[^c21794821]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/6), (with Sch. 5 para. 73)
[^c23349221]: Words in [s. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) (1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349331]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349351]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349371]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349391]: Word in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349411]: Word in [s. 34(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/7A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349431]: Word in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349531]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349551]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570031]: *See* 1979(C) s.106*and* Sch.3 para.6(2)—1979(C) s.31 (*exclusion from capital gains computation of sums charged to income tax or corporation tax*)*not to apply to amounts on which tax paid under* s.35.
[^c21797731]: [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 21](https://www.legislation.gov.uk/ukpga/1994/21/section/21), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 15(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/15/1) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule) [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [s. 8](https://www.legislation.gov.uk/ukpga/1995/37/section/8), [Sch. 3 para. 9(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/9/1) [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [ss. 135](https://www.legislation.gov.uk/ukpga/1996/55/section/135), [149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 21(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/21/1)
[^c21570041]: SOURCE-1970 s. 81(1)
[^c21797691]: [S. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/10)
[^c21570051]: SOURCE-1970 s. 81(2)
[^c21797771]: Words in [s. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/3), (with Sch. 5 para. 73)
[^c21797791]: [S. 35(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/4), (with Sch. 5 para. 73)
[^c23349571]: Words in [s. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349591]: Words in [s. 35(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349611]: Words in [s. 35(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21805371]: [S. 36](https://www.legislation.gov.uk/ukpga/1988/1/section/36) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 24](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/24)
[^c21570061]: *See* 1976(D) Sch.6 para.4. 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*with effect from* 19*March* 1985.
[^c21805381]: [S. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 11](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/11)
[^c21570071]: SOURCE-1970 s. 82(1), (2)
[^c21570081]: *See* 1979(C) s.106*and* Sch.3 para.6(3)—*effect of claim under* s.36(2)(b)*on computation of capital gains.*
[^c21570091]: SOURCE-1970 S. 82(3)
[^c21570101]: *See* 1979(C) s.106*and* Sch.3 para.5(3)—*deduction of amounts chargeable under* s.36*in computing capital gains.*
[^c21570111]: SOURCE-1970 s. 82(1), (3)
[^c21805411]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/3/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805431]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/3/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805451]: [S. 36(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/4A/4B) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/4) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23349631]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349661]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349681]: Words in [s. 36(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349701]: Words in [s. 36(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349721]: Words in [s. 36(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349741]: Words in [s. 36(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/4A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21799401]: [S. 37](https://www.legislation.gov.uk/ukpga/1988/1/section/37) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/12)
[^c21570121]: SOURCE-1970 s. 83(1); 1978 s. 32(2)
[^c21570161]: *See* 1979(C) s.106*and* Sch.3 para.6(1)—*allowance under this subsection to be deducted from any loss on disposal of lease.*
[^c21570171]: SOURCE-1970 s. 83(2)
[^c21570181]: SOURCE-1970 s. 83(3)
[^c21570191]: SOURCE-1970 s. 83(4)
[^c21570201]: SOURCE-1970 s. 83(5)
[^c21570211]: *See* 1976(D) Sch.6 para.4(4)—*no account to be taken of any deduction of realised development value.* 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*with effect from* 19*March* 1985.
[^c21570221]: SOURCE-1970 s. 83(7)
[^c21799441]: [S. 37(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/a/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/2), (with Sch. 5 para. 73)
[^c21570151]: 1990 s.89*and* Sch.14 para.2 (*correction of errors*)—*deemed always to have had effect. Previously* “subsection (2) below”, “this subsection” *and* “the amount of that tax” *respectively.*
[^c21799461]: Words in [s. 37(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/3/a), (with Sch. 5 para. 73)
[^c21799481]: Words in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/3/b), (with Sch. 5 para. 73)
[^c21799501]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/4/a), (with Sch. 5 para. 73)
[^c21799521]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/4/b), (with Sch. 5 para. 73)
[^c21799541]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/5), (with Sch. 5 para. 73)
[^c23348441]: Word in [s. 37(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349761]: [S. 37(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/c/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349781]: Words in [s. 37(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349801]: Word in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349821]: Words in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349841]: Word in [S. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349861]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349871]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349891]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349911]: [S. 37(7)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/7/b/iii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349931]: Words in [s. 37(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/8) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349951]: Words in [s. 37(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349971]: Words in [s. 37(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349991]: [S. 37(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570231]: SOURCE-1970 S. 84(1)(b)–(d); 1972 s. 81(2)(a), (b)
[^c21570241]: [S. 38(1)(a)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/1/a/4) excluded (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras. 5(4)(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/5/4/6), [6(1)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/6/1), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7).
[^c21570251]: SOURCE-1970 s. 84(2); 1972 s. 81(2)(c)
[^c21570271]: SOURCE-1970 s. 84(3A); 1972 s. 81(5)
[^c21570281]: SOURCE-1970 s. 84(3); 1972 s. 81(2)(d)
[^c21570291]: *See* 1990(C) s.11(4)—*rules applied in connection with leases for industrial buildings and structures.*
[^c21570301]: SOURCE-1970 s. 84(4)
[^c21799581]: [S. 38(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/1)(6) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 291(3)](https://www.legislation.gov.uk/ukpga/2001/2/section/291/3)
[^c21799561]: Words in [s. 38(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/4) substituted (with effect as mentioned in [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/2)
[^c23350031]: Words in [s. 38(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 22(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/22/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350051]: Words in [s. 38(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 22(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/22/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570311]: SOURCE-1970 s. 85(1)
[^c21570321]: *Repealed by* 1988(F) ss.75, 148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21570331]: SOURCE-1970 s. 86
[^c21805531]: Words in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/2), (with Sch. 5 para. 73)
[^c21805551]: Words in [s. 40(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/3), (with Sch. 5 para. 73)
[^c21805571]: [S. 40(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/4A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/4), (with Sch. 5 para. 73)
[^c21805591]: [S. 40(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/5) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(f)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/f); and s. 40(5) repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 20(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/5), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23350071]: Word in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350091]: Words in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350111]: Word in [s. 40(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350131]: Word in [s. 40(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(c)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350151]: Words in [s. 40(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(c)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348231]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42) applied (3.11.2004 with effect in accordance with reg. 1(1) of the affecting S.I.) by The Energy-[Saving Items (Deductions for Expenditure etc.) Regulations 2004 (S.I. 2004/2664)](https://www.legislation.gov.uk/uksi/2004/2664), [reg. 4](https://www.legislation.gov.uk/uksi/2004/2664/regulation/4)
[^c21570361]: SOURCE- 1972 s. 82
[^c23351701]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42) applied (6.12.2007 with effect in accordance with reg. 1(1) of the affecting S.I.) by The Energy-[Saving Items (Income Tax) Regulations 2007 (S.I. 2007/3278)](https://www.legislation.gov.uk/uksi/2007/3278), [reg. 7](https://www.legislation.gov.uk/uksi/2007/3278/regulation/7)
[^c23350171]: Words in [s. 42(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1) renumbered as s. 42(1)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350191]: Words in [s. 42(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350211]: [S. 42(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853731]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c21853741]: [S. 42A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/42A/8) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para 22](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/22), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c23350251]: Words in [s. 42A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 25(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/25/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23367561]: Words in [s. 42A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/42A/2/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 25(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/25/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21821971]: Words in [s. 43A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/43A/1) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c21822001]: [S. 43A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/43A/2) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 141](https://www.legislation.gov.uk/ukpga/2002/23/section/141), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23351401]: [S. 43A(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/43A/3/a/b) and preceding word repealed (with effect in accordance with s. 80(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 21](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/21), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 2
[^c23351141]: Words in [s. 43B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/43B/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 26(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/26/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351161]: Words in [s. 43B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/43B/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 26(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/26/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21821851]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c21822021]: Words in [s. 43C(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/43C/2/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 578](https://www.legislation.gov.uk/ukpga/2001/2/section/578), [Sch. 2 para. 11](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/11)
[^c23348461]: Word at the end of s. 43C(3)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 27(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/27/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351181]: [S. 43C(3)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/43C/3/c/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 27(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/27/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351201]: [S. 43C(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/43C/4A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 27(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/27/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351221]: Words in [s. 43C(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/43C/6) renumbered as s. 43C(6)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 27(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/27/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23368881]: [S. 43C(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/43C/6/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 27(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/27/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351431]: [S. 43C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/43C/1) repealed (with effect in accordance with Sch. 7 para. 1(4)-(8) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/1/2), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23351241]: Words in [s. 43D(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/43D/2/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 28(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/28/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351261]: Words in [s. 43D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/43D/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 28(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/28/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21821861]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c21825651]: Words in [s. 43E(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/43E/3/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 578](https://www.legislation.gov.uk/ukpga/2001/2/section/578), [Sch. 2 para. 12](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/12)
[^c23351301]: Words in [s. 43E(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/43E/4) renumbered as s. 43E(4)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 29(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/29/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23368911]: [S. 43E(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/43E/4/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 29(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/29/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351341]: Words in [s. 43E(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/43E/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 29(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/29/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351451]: [S. 43E(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/43E/1/a/b) repealed (with effect in accordance with Sch. 7 para. 1(4)-(8) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 1(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/1/3), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c21825711]: [S. 43F(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/43F/1) modified (with effect in accordance with reg. 4A(3) of the 1997 modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 4A(1)(2)](https://www.legislation.gov.uk/uksi/1997/473/regulation/4A/1/2) (as inserted (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [3](https://www.legislation.gov.uk/uksi/2000/2710/regulation/3), and as amended by: [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [3](https://www.legislation.gov.uk/uksi/2003/23/regulation/3); [S.I. 2005/2005](https://www.legislation.gov.uk/uksi/2005/2005), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2005/regulation/1), [4](https://www.legislation.gov.uk/uksi/2005/2005/regulation/4))
[^c23351521]: [S. 43F(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/43F/1) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2005/2014/regulation/4) (which modifying reg. 4 is omitted (14.8.2007 with effect in accordance with reg. 1(3) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2007/2134/regulation/4))
[^c21825831]: Words in [s. 43F(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/43F/1) substituted (1.12.2001 with effect in accordance with art. 15(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [15(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/15/1)
[^c23351361]: [S. 43G(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/43G/2): words in definition of "rent" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 30(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/30/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351381]: [S. 43G(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/43G/2): words in definition of "premium" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 30(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/30/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23368921]: [S. 43G(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/43G/2): in definition of "premium", para. (b) inserted (6.4.2005 with effect in accordance with [S. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 30(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/30/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570411]: *And see, as regards Ulster Savings Certificates,* Part III Vol.5.
[^c21570421]: SOURCE-1981 S. 34(1)
[^c21570431]: SOURCE-1970 s. 98
[^c21570441]: SOURCE-1981 s. 34(2)–(5); 1979 (C) s. 71(2)(a)
[^c21570451]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c21570461]: [1958 c.6](https://www.legislation.gov.uk/ukpga/1958/6).
[^c21570471]: [1920 c.18](https://www.legislation.gov.uk/ukpga/1920/18).
[^c21570481]: [1972 c. 65](https://www.legislation.gov.uk/ukpga/1972/65).
[^c23353721]: Word in [s. 46(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353741]: Words in [s. 46(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353761]: Words in [s. 46(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353801]: [S. 46(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570531]: SOURCE-1970 s. 101(1)
[^c21570551]: [1939 c. 117](https://www.legislation.gov.uk/ukpga/1939/117).
[^c21570561]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c21570631]: SOURCE-1970 s. 101(2)
[^c21570641]: SOURCE-1970 s. 101(3)–(6)
[^c21812981]: Words in [s. 50(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/1) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/11), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21812991]: [S. 50(A1)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/A1) inserted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/2)
[^c21813011]: Words in [s. 50(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/1) inserted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/3/a)
[^c21818131]: [S. 50(1)(a)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/1/a/c/d) repealed (with effect in accordance with Sch. 8 Pt. 2(13) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/13)
[^c21813031]: Words in [s. 50(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/2) inserted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/3/b)
[^c21813051]: Words in [s. 50(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/3) substituted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/3/c)
[^c21813071]: Words in [s. 50(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/4/5) substituted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(3)(d)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/3/d)
[^c21813101]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): definition of "gilt-edged securities" inserted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/4)
[^c21818201]: Words in [s. 50(A1)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/A1) substituted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/1)
[^c23353501]: Words in [s. 50](https://www.legislation.gov.uk/ukpga/1988/1/section/50) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(a)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/a) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353571]: Words in [s. 50(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/5) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(b)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/b) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353591]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): definition of "the Bank" omitted (15.11.2004) by virtue of [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(c)(i)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/c/i) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353611]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): word at the end of definition of "gilt-edged securities" omitted (15.11.2004) by virtue of [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(c)(ii)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/c/ii) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353631]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): word in definition of "registered" substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(c)(iii)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/c/iii) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353681]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): definition of "the Registrar" inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(c)(iv)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/c/iv) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21570651]: SOURCE-1970 s. 102
[^c21570661]: [1950 c. 3 (N.I.)](https://www.legislation.gov.uk/apni/1950/3)
[^c23353701]: Words in [s. 51(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/51/1/b) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(4)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/4) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21570681]: SOURCE-1970 s. 110(1), (2)
[^c21570691]: SOURCE-1970 s. 110(3)
[^c21570701]: 1988(F) Sch.6 para.6(7),*into force on* 6*April* 1988*subject to certain provisos. Previously* “(4) Subsection (3) above shall not affect the taxation of woodlands which are managed on a commercial basis and with a view to the realisation of profits”.
[^c21852211]: Words in [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21852231]: Words in [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357971]: Word in [s. 53(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357991]: Words in [s. 53(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358011]: Words in [s. 53(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358031]: Words in [s. 53(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852241]: Word in [s. 55(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/55/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23358051]: Word in [s. 55(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/55/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 33](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/33) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570911]: *See* s.608—*exemption for certain superannuation funds.*
[^c21570951]: SOURCE-1973 s. 26(3); 1974 s. 30(2)
[^c21832991]: Word in [s. 56(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/4) substituted (with effect in accordance with s. 164(5)(6) of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 164(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/164/4)
[^c23358091]: Words in [s. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359501]: Words in [s. 59(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358241]: Words in [s. 59(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359521]: Words in [s. 59(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21571531]: SOURCE-1970 s. 129(1)
[^c21571541]: SOURCE-1970 s. 129(4)
[^c21571551]: SOURCE-1970 s. 129(5)
[^c21861051]: [S. 70](https://www.legislation.gov.uk/ukpga/1988/1/section/70) excluded (with application in accordance with s. 65(1)(3)(4) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 65(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/65/2/a)
[^c21833081]: Words in [s. 70(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/70/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/7) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21858921]: Words in [S. 70A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/70A/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 578](https://www.legislation.gov.uk/ukpga/2001/2/section/578), [580](https://www.legislation.gov.uk/ukpga/2001/2/section/580), [Sch. 2 para. 14](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/14), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21571571]: *See* S.I. [1987 No. 530](https://www.legislation.gov.uk/ukcm/1987/530) (in Part III Vol. 5) regn. 16—*payments attributable to non-resident entertainers and sportsmen.*
[^c21571581]: SOURCE-1970 ss. 127(1), 129(2)
[^c21571591]: SOURCE-1970 s. 127(2), 527(4)
[^c21827611]: Word in [s. 72(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/2) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 121](https://www.legislation.gov.uk/ukpga/1995/4/section/121)
[^c23359661]: Words in [s. 72(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 44(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/44/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358451]: Words in [s. 72(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 44(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/44/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21571611]: *See*—1979(C) s.122—*election to take capital gain or loss into account when asset appropriated to stock in trade.*1989 ss.67-74—*employee share ownership trusts.*[Banking Act 1987 (c.22)](https://www.legislation.gov.uk/ukpga/1987/22) s.66—*contributions to the Deposit Protection Fund.*
[^c21571621]: SOURCE-1970 s. 130(a)–(m); 1987 Sch. 15para. 2(9)
[^c21571631]: *See* 1989 ss.112-113—*expenditure on security on or after* 6*April* 1989.
[^c21571661]: SOURCE-1970 s. 130(n), (o)
[^c21826011]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 159(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/159/4) (with [Sch. 18 paras. 1(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/1/3), [2(3)(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/2/3/4), [3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/3/3))
[^c21826031]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) renumbered as s. 74(1) (3.5.1994) by virtue of [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/2)
[^c21826061]: [S. 74(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/j) substituted (with effect in accordance with [s. 144(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/1)
[^c21826101]: [S. 74(1)(o)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/o) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/1)
[^c21826051]: [S. 74(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/2) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9) {s. 144(2)}
[^c21833101]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (with effect in accordance with s. 105(1) of the excluding Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 82(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/82/7) (with [ss. 98](https://www.legislation.gov.uk/ukpga/1996/8/section/98), [99](https://www.legislation.gov.uk/ukpga/1996/8/section/99), [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21847301]: [S. 74(1)(q)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/q) repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21861071]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (with effect in accordance with s. 83(3) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 Para. 14(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/14/4) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21852371]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853971]: [S. 74(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/a) extended (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/3177/regulation/5)
[^c21861091]: [S. 74(1)(m)(p)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/m/p) restricted (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 8(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/3) (with [Sch. 29 para. 8(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/4))
[^c21852381]: Words in [s. 74(1)(m)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/m) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23356371]: [S. 74(1)(n)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/n) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23359681]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359701]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359721]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358481]: [S. 74(1)(b)(o)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/b/o) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(d)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/d/f), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369191]: [S. 74(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/j) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/1), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c23369211]: [S. 74(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/2) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/1), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c21860671]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 27](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/27) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c23356411]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) substituted (with effect in accordance with ss. 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(1)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/1/5)
[^c23376271]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 196(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/196/3), [199(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/199/2/b), [200(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/200/b), [246(2)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/2/b/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23356431]: [S. 75(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/5)
[^c23356491]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) substituted (with effect in accordance with ss. 42, 44 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 40](https://www.legislation.gov.uk/ukpga/2004/12/section/40)
[^c23369731]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2005/2014/regulation/5) (as amended: (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2007/2134/regulation/5); (12.8.2008 with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2008/1937/regulation/3))
[^c23376461]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 196(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/196/4), [199(2)(c)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/199/2/c/5), [246(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23376531]: [S. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 200(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/200/c), [246(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/2/c), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23369711]: Word in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) repealed (with effect in accordance with Sch. 11 Pt. 2(10) Note 1 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/10)
[^c23369571]: Words in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) inserted (with effect in accordance with [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/1/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/1/2)
[^c23358511]: [S.77](https://www.legislation.gov.uk/ukpga/1988/1/section/77) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 47](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/47), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21834651]: [S. 78](https://www.legislation.gov.uk/ukpga/1988/1/section/78) repealed with saving (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/10), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c21572171]: SOURCE-1982 s. 48(1)–(4)
[^c21572181]: SOURCE-1982 s. 48(5)
[^c21572191]: SOURCE-1982 s. 48(6)–(9)
[^c21856471]: [S. 79](https://www.legislation.gov.uk/ukpga/1988/1/section/79): functions transferred (1.7.1999 immediately after the coming into force of [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 53](https://www.legislation.gov.uk/ukpga/1998/46/section/53)) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1999/672/article/1/2), [2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c21856481]: [S. 79(4)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/4/8): functions transferred (1.7.1999) by [The Scotland Act 1998 (Transfer of Functions to the Scottish Ministers etc.) Order 1999 (S.I. 1999/1750)](https://www.legislation.gov.uk/uksi/1999/1750), [arts. 1(1)](https://www.legislation.gov.uk/uksi/1999/1750/article/1/1), [2](https://www.legislation.gov.uk/uksi/1999/1750/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/1750/schedule/1) (with [art. 7](https://www.legislation.gov.uk/uksi/1999/1750/article/7))
[^c21852411]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858671]: Words in [s. 79(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/11) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 88](https://www.legislation.gov.uk/ukpga/2000/17/section/88), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c23356861]: Words in [s. 79(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(2)
[^c23356901]: [S. 79(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23359841]: Word in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359861]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359891]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359911]: Word in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359931]: Words in [s. 79(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359951]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359971]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360001]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360021]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360041]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360071]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572211]: 1990 s.76.
[^c21826241]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/3)
[^c21826261]: Word in [s. 79A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/3) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/3)
[^c21826281]: [S. 79A(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/5/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/4)
[^c21826321]: Words in [s. 79A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/7) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/5)
[^c21852421]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858701]: Words in [s. 79A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/5/b) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c21858691]: Words in [s. 79A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/7) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 88](https://www.legislation.gov.uk/ukpga/2000/17/section/88), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c23359591]: Words in [s. 79A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para 3(2)
[^c23359601]: [S. 79A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23360091]: Word in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360111]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360141]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360161]: Word in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360181]: Words in [s. 79A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360221]: Words in [s. 79A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360241]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360271]: Words in [s. 79A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360291]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360311]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360341]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358531]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358551]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358561]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572251]: SOURCE-1970 s. 132
[^c21572261]: [Sch.7 para.36(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/2) [Copyright, Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)—*in force on* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced.*)*Previously* “the extension of the period of copyright in a design”.
[^c21827491]: [S. 83(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/a) modified (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 4 para. 1(1)(2)](https://www.legislation.gov.uk/ukpga/1994/26/schedule/4/paragraph/1/1/2); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^c21827471]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) repealed (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 5](https://www.legislation.gov.uk/ukpga/1994/26/schedule/5); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^c21852461]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23360671]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 56](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/56) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572291]: [S. 84](https://www.legislation.gov.uk/ukpga/1988/1/section/84) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 68(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/68/1/2)
[^c21856451]: [S. 84](https://www.legislation.gov.uk/ukpga/1988/1/section/84): functions transferred (1.7.1999 immediately after the coming into force of [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 53](https://www.legislation.gov.uk/ukpga/1998/46/section/53)) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1999/672/article/1/2), [2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c21834661]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/2/2)
[^c21834681]: [S. 84(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3A/3B) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/2/3)
[^c21859171]: Words in [s. 84(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/1/a)
[^c21859141]: [S. 84(1)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1/b/3/b) and preceding words repealed (with effect in accordance with s. 579 of the repealing Act) by Capital Allowances Act 2001 (c, 2), Sch. 2 para. 17(1)(b)(3), {Sch. 4}
[^c21859211]: Words in [s. 84(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/2/a)
[^c21859231]: Words in [s. 84(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/2/b)
[^c21859251]: Words in [s. 84(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4/a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/4)
[^c23360931]: Words in [s. 84(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360951]: Words in [s. 84(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360971]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360991]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361011]: [S. 84(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3A): by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/4) it is provided that "In subsection (3A) for "above is--" to the end substitute "the period of two years beginning at the end of the accounting period in which the gift is made."" (in force 6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/883/1) of the amending Act) (with Sch. 2)
[^c23358571]: [S. 84(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361031]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361051]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361081]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361101]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361131]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572311]: SOURCE-1978 s. 60
[^c21858731]: [S. 85](https://www.legislation.gov.uk/ukpga/1988/1/section/85) amended (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 50](https://www.legislation.gov.uk/ukpga/2000/17/section/50)
[^c21852481]: Words in [s. 85(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85/1/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357011]: [S. 85(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/85/1/b/c) substituted for s. 85(1)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 5(2)
[^c21572331]: SOURCE-1983 s. 28; 1984 s. 33; 1987 s. 34
[^c21856741]: Words in [s. 86(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/3) repealed (retrospectively) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(2)(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/2/5), [Sch. 20 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/14), Note
[^c21856761]: [S. 86(3)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/3/a) substituted (with effect in accordance with [s. 58(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/3)
[^c21856781]: [S. 86(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/4) inserted (with effect in accordance with [s. 58(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/4)
[^c23357131]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 7(2)
[^c23357151]: [S. 86(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/2): definition of "deductible" substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 7(3)
[^c23361171]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361191]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361211]: [S. 86(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/2): words in definition of "deductible" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572371]: *See*—1976(D) Sch.6 para.4(4)—*no account to be taken of any deduction of realised development value.* 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*from* 19*March* 1985.1990(C) s.111—*reduction of qualifying expenditure for premium relief.*
[^c21827511]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 15(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/15/2) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S. I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c21572381]: SOURCE-1970 s. 134(1); 1978 s. 32
[^c21572391]: SOURCE-1970 s. 134(2), (3); 1978 s. 32
[^c21572401]: SOURCE-1970 s. 134(4)
[^c21572411]: SOURCE-1970 s. 134(4)(a)
[^c21572421]: SOURCE-1970 s. 134(4)(b)
[^c21572431]: SOURCE-1970 s. 134(5), (6); 1986 Sch. 13 para. 26
[^c21572451]: *Words repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21572461]: SOURCE-1970 s. 134(1)(i), (ii)
[^c21832891]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 9(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/9/2)
[^c21847131]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch 7 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/21/2) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c21827711]: [S. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) modified (with effect in accordance with s. 39(4)(5) of the modifying act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 14(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/14/1)
[^c21853591]: [S. 87(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1/a/b) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 34](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/34) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21852521]: Words in [s. 87(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/6) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853581]: [S. 87(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/10) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c21859271]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 18](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/18)
[^c23361271]: Words in [s. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358591]: Word at the end of s. 87(1)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361291]: [S. 87(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1/c/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361311]: Words in [s. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361331]: Words in [s. 87(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361351]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361381]: Words in [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361401]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361421]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361441]: Word in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361461]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361481]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361501]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361531]: Words in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361571]: Word in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361591]: Words in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361611]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361631]: Word in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361651]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361691]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361721]: Words in [s. 87(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/8) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361741]: [S. 87(9)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/9/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361761]: [S. 87(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/9A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572471]: SOURCE-1972 s. 124(1)
[^c21572481]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c21852541]: Words in [s. 88(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357191]: [S. 88(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 9(2)
[^c23361801]: Words in [s. 88](https://www.legislation.gov.uk/ukpga/1988/1/section/88) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361821]: Words in [s. 88(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361841]: Words in [s. 88(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23416311]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834711]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23416321]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834721]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23416331]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834741]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23361861]: [S. 89](https://www.legislation.gov.uk/ukpga/1988/1/section/89) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 65](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/65) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369401]: Words in [s. 89(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/89/3) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/3/3/a)
[^c23369421]: [S. 89(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/89/4/5) added (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/3/3/b)
[^c23357211]: [S. 90(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 10(2)
[^c23357241]: [S. 90(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 10(3)
[^c23361881]: Words in [s. 90(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361901]: Words in [s. 90(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361931]: Words in [s. 90(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358611]: Words in [s. 90(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572521]: SOURCE-1970 s. 141(1)
[^c21572531]: SOURCE-1970 s. 141(2)
[^c21572541]: SOURCE-1970 s. 141(3)–(8)
[^c21572551]: [1952 c. 33](https://www.legislation.gov.uk/ukpga/1952/33).
[^c21852581]: Words in [s. 91(1)(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1/4/a/i) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21859291]: [S. 91(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/9) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 19](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/19)
[^c23363401]: Words in [s. 91(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23363421]: Words in [s. 91(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23363731]: Words in [s. 91(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364111]: Words in [s. 91(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364131]: Words in [s. 91(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364151]: Words in [s. 91(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364171]: Word in [s. 91(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364191]: Words in [s. 91(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364211]: Words in [s. 91(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364231]: Word in [s. 91(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364251]: Word in [s. 91(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364271]: [S. 91(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572731]: [Ss. 91A](https://www.legislation.gov.uk/ukpga/1988/1/section/91A), [91B](https://www.legislation.gov.uk/ukpga/1988/1/section/91B) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 78](https://www.legislation.gov.uk/ukpga/1990/29/section/78).
[^c21572741]: Words in [s. 91A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/4/b) substituted (25.10.1991) by [Planning and Compensation Act 1991 (c. 34, SIF 123:1, 2)](https://www.legislation.gov.uk/ukpga/1991/34), [s. 83(a)](https://www.legislation.gov.uk/ukpga/1991/34/section/83/a); [S.I. 1991/2272](https://www.legislation.gov.uk/uksi/1991/2272), [art. 3(2)](https://www.legislation.gov.uk/uksi/1991/2272/article/3/2)
[^c21572751]: [1974 c. 40](https://www.legislation.gov.uk/ukpga/1974/40).
[^c21572761]: [S.I. 1978/1049 (N.I.19)](https://www.legislation.gov.uk/nisi/1978/1049).
[^c21572771]: [S. 91A(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/c) and the word “or” immediately preceding it inserted (27.7.1993 with effect in relation to any case where the trade in question is begun after 31.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 110(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/110/1/3)
[^c21572781]: [1960 c. 34](https://www.legislation.gov.uk/ukpga/1960/34).
[^c21572791]: [1993 c. 12](https://www.legislation.gov.uk/ukpga/1993/12).
[^c21572801]: [1965 c. 57](https://www.legislation.gov.uk/ukpga/1965/57).
[^c21572811]: [S. 91A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/7) substituted (25.10.1991) by [Planning and Compensation Act 1991 (c. 34, SIF 123:1, 2)](https://www.legislation.gov.uk/ukpga/1991/34), [s. 83(b)](https://www.legislation.gov.uk/ukpga/1991/34/section/83/b); [S.I. 1991/2272](https://www.legislation.gov.uk/uksi/1991/2272), [art. 3(2)](https://www.legislation.gov.uk/uksi/1991/2272/article/3/2)
[^c21572821]: [1990 c. 8](https://www.legislation.gov.uk/ukpga/1990/8).
[^c21572841]: [1991 c. 34](https://www.legislation.gov.uk/ukpga/1991/34).
[^c21847761]: Words in [s. 91A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/7) substituted (S.) (27.5.1997) by [Planning (Consequential Provisions) (Scotland) Act 1997 (c. 11)](https://www.legislation.gov.uk/ukpga/1997/11), [s. 6(2)](https://www.legislation.gov.uk/ukpga/1997/11/section/6/2), [Sch. 2 para. 41](https://www.legislation.gov.uk/ukpga/1997/11/schedule/2/paragraph/41)
[^c21852601]: Words in [s. 91A(2)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/2/3/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858821]: [S. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (E.W.) (1.8.2000) by [The Pollution Prevention and Control (England and Wales) Regulations 2000 (S.I. 2000/1973)](https://www.legislation.gov.uk/uksi/2000/1973), [Sch. 10 para. 1](https://www.legislation.gov.uk/uksi/2000/1973/schedule/10/paragraph/1) (with [reg. 5](https://www.legislation.gov.uk/uksi/2000/1973/regulation/5))
[^c21858841]: [S. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (S.) (28.9.2000) by [The Pollution Prevention and Control (Scotland) Regulations 2000 (S.S.I. 2000/323)](https://www.legislation.gov.uk/ssi/2000/323), [Sch. 10 para. 2](https://www.legislation.gov.uk/ssi/2000/323/schedule/10/paragraph/2) (with [reg. 34](https://www.legislation.gov.uk/ssi/2000/323/regulation/34))
[^c21861161]: [S. 91A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/8) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23354891]: Words in [s. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (31.3.2003) by [The Pollution Prevention and Control Regulations (Northern Ireland) 2003 (S.R. 2003/46)](https://www.legislation.gov.uk/nisr/2003/46), [reg. 1](https://www.legislation.gov.uk/nisr/2003/46/regulation/1), [Sch. 11 para. 3](https://www.legislation.gov.uk/nisr/2003/46/schedule/11/paragraph/3)
[^c23364291]: Word in [s. 91A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 68(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/68/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358631]: Words in [s. 91A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 68(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/68/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572861]: [S. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) inserted (27.7.1993 with effect in relation to any case where the trade in question is begun after 31.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 110(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/110/2/3)
[^c21852621]: Words in [s. 91B(2)(5)(a)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/2/5/a/6/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21861191]: [S. 91B(11)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/11/e) and preceding word repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23364311]: Words in [s. 91B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358651]: Words in [s. 91B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364341]: Word in [s. 91B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364361]: Words in [s. 91B(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/5/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364381]: Words in [s. 91B(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/5/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364401]: Words in [s. 91B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364421]: Words in [s. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364451]: Word in [s. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572301]: [S. 84A](https://www.legislation.gov.uk/ukpga/1988/1/section/84A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 42](https://www.legislation.gov.uk/ukpga/1991/31/section/42)
[^c21852471]: Words in [s. 84A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23354591]: [S. 84A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 11(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/11/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354611]: Words in [s. 84A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/4) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/11/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23356941]: [S. 84A(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/b/c) substituted for s. 84A(2)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(2)
[^c23356961]: Words in [s. 84A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(3)
[^c23356981]: [S. 84A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3ZA) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(4)
[^c23361151]: Words in [s. 84A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 59](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/59) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572321]: [S. 85A](https://www.legislation.gov.uk/ukpga/1988/1/section/85A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 43](https://www.legislation.gov.uk/ukpga/1991/31/section/43)
[^c21852491]: Words in [s. 85A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/10)
[^c23357031]: Word in [s. 85A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/a) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(2)(a)
[^c23357051]: [S. 85A(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/b/c) substituted for s. 85A(2)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(2)(b)
[^c23357071]: Words in [s. 85A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(3)
[^c23357111]: [S. 85A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/3A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(4)
[^c21572361]: [S. 86A](https://www.legislation.gov.uk/ukpga/1988/1/section/86A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.69](https://www.legislation.gov.uk/ukpga/1993/34/section/69)
[^c21852511]: Words in [s. 86A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23354651]: Words in [s. 86A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354671]: Words in [s. 86A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354691]: [S. 86A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23357171]: [S. 86A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 8(2)
[^c23361231]: Words in [s. 86A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 61(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/61/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361251]: Words in [s. 86A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 61(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/61/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852651]: Word in [s. 91C(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21859561]: Words in [s. 91C(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 20](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/20)
[^c23364511]: Word in [s. 91C(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/71) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364531]: Words in [s. 91C(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/71) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21861141]: [S. 83A](https://www.legislation.gov.uk/ukpga/1988/1/section/83A) modified (with effect in accordance with s. 58(4) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 18 para. 9(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/18/paragraph/9/3/a)
[^c21859081]: [S. 83A(2)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/2/b/3/b) and preceding words repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 16(1)(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/16/1/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859111]: Words in [s. 83A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4/a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 16(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/16/3)
[^c23360691]: Words in [s. 83A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360711]: Words in [s. 83A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360731]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360751]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360771]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360791]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360811]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360841]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360861]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360881]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360911]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357951]: [S. 82A](https://www.legislation.gov.uk/ukpga/1988/1/section/82A) modified (1.1.2005 with effect in accordance with art. 2 of the commencing S.I.) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 53(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/53/2); [S.I. 2004/3268](https://www.legislation.gov.uk/uksi/2004/3268), [art. 2](https://www.legislation.gov.uk/uksi/2004/3268/article/2)
[^c23360611]: Word in [s. 82A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360631]: Words in [s. 82A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360651]: Word in [s. 82A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23417381]: Word in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 55(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/55/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369591]: Words in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) substituted (with effect in accordance with [s. 15(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 15(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/2)
[^c23417391]: Word in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 55(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/55/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369611]: Words in [s. 82B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/3) substituted (with effect in accordance with [s. 15(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 15(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/3)
[^c23364471]: Words in [s. 91BA(1)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91BA/1/c/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 70(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/70/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364491]: Word in [s. 91BA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/91BA/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 70(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/70/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860901]: [S. 76A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/3)
[^c21860921]: [S. 76A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/4)
[^c21860941]: [S. 76A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/5/6) added (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/5)
[^c23359821]: Words in [s. 76A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 46](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/46) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860961]: Words in [s. 76B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/7)
[^c21860981]: [S. 76B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/4) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(8)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/8)
[^c23356511]: Words in [s. 76B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/2)
[^c23356531]: Words in [s. 76B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/2) inserted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/3/a)
[^c23356551]: Words in [s. 76B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/2) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/3/b)
[^c23359621]: Words in [s. 79B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(2)
[^c23359641]: [S. 79B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23360361]: Word in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360381]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360411]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360431]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360451]: Words in [s.79B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/3) inserted (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360471]: Words in [s. 79B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360491]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360521]: Words in [s. 79B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360541]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360561]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360591]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369301]: Words in [s. 75A(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/75A/10/a) inserted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 22(a)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/22/a)
[^c23369321]: Words in [s. 75A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/75A/10/b) inserted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 22(b)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/22/b)
[^c21572871]: SOURCE-1984 s. 54(1), (4)
[^c21572881]: SOURCE-1984 s. 54(2), (3)
[^c21572891]: [1982 c. 52](https://www.legislation.gov.uk/ukpga/1982/52).
[^c21572901]: SOURCE-1980 s. 42(1)
[^c21572911]: SOURCE-1980 s. 42(2)
[^c21572921]: [1972 c. 63](https://www.legislation.gov.uk/ukpga/1972/63).
[^c21572931]: [1966 c. 36 (N.I.)](https://www.legislation.gov.uk/apni/1966/36).
[^c21572941]: [1971 c. 22 (N.I.)](https://www.legislation.gov.uk/apni/1971/22).
[^c21572951]: SOURCE-1980 s. 42(2); 1984 s. 55(1)
[^c21572961]: [S.I. 1982/1083 (N.I. 15)](https://www.legislation.gov.uk/nisi/1982/1083).
[^c21572971]: SOURCE-1980 s. 42(3); 1984 s. 55(2)
[^c23357261]: Words in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para 11(2)
[^c23364551]: Word in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 72(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/72/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364571]: Words in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 72(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/72/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572981]: SOURCE-1970 s. 136
[^c21826351]: [S. 94](https://www.legislation.gov.uk/ukpga/1988/1/section/94) renumbered as s. 94(1) (3.5.1994) by virtue of [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/4)
[^c21826371]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) inserted (with effect in accordance with [s. 144(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/3/a)
[^c21852661]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364591]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 73(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/73/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364611]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 73(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/73/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369471]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/4/2)
[^c23369461]: [S. 94(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/2) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/4/3), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c21847241]: [S. 95(1)(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1/1A/1B/2) substituted for s. 95(1)-(3) (with effect in accordance with [Sch. 7 para. 8(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/8/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 8(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/8/1)
[^c21849001]: [S. 95(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/2)
[^c21849021]: Words in [s. 95(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/a)
[^c21849121]: [S. 95(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/b) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/b), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849041]: Words in [s. 95(1A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/c) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/c)
[^c21849131]: [S. 95(1A)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/d) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(d)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/d), [Sch. 8 pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849061]: [S. 95(1A)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/e) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(e)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/e)
[^c21849141]: [S. 95(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1B) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/4), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849151]: Words in [s. 95(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/5/a), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849081]: Words in [s. 95(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2/a) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/5/b)
[^c21849101]: [S. 95(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2A) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/6)
[^c21849171]: [S. 95(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/4/5) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(7)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/7/8). {Sch. 8 Pt. 2(8)}
[^c23354741]: [S. 95(1A)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/e) repealed (with effect in accordance with Sch. 43 Pt. 3(6) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/6)
[^c23356591]: [S. 95(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1C) inserted (2.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 137(2)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/137/2/6)
[^c23364651]: Words in [s. 95(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358671]: [S. 95(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364671]: Words in [s. 95(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573031]: SOURCE-1970 s. 139
[^c21852681]: Words in [s. 97](https://www.legislation.gov.uk/ukpga/1988/1/section/97) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364691]: Words in [s. 98(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364711]: Words in [s. 98(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364731]: Words in [s. 98(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573061]: SOURCE-1970 s. 142(1)
[^c21573071]: SOURCE-1970 s. 142(2), (4)
[^c21573081]: SOURCE-1970 s. 142(2), (4)
[^c21852691]: Words in [s. 99(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/1/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364751]: Words in [s. 99(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364771]: Words in [s. 99(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364791]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364831]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364851]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23394171]: [S. 76ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZE) applied (with modifications) (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 2 para. 139(3)(4)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/139/3/4) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418131]: [S. 76ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZN) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/44) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21573091]: *See*—1988(F) Sch.12 para.2—*building societies converting to companies.*[Trustee Savings Bank Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(1)—*this provision not to apply to the discontinuance of an existing bank under the* TSB Act 1985.
[^c21573101]: Source—1970 s.137(1)
[^c21573111]: Source—1970 s.137(4)
[^c21829261]: Words in [s. 100(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1/a) substituted (with application in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 140(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/1)
[^c21829301]: [S. 100(1A)-(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A) inserted (with application in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), by {s. 140(1)}
[^c21829321]: [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39).
[^c21852711]: Words in [s. 100(1)(1D)(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1/1D/1E) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21861421]: [S. 100](https://www.legislation.gov.uk/ukpga/1988/1/section/100) excluded (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 11(3)](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/11/3); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3-7](https://www.legislation.gov.uk/uksi/2003/120/article/3) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21861211]: [S. 100(1B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1B/a) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 105(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/105/1), [Sch. 40 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/17)
[^c21861221]: [S. 100(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/3) inserted (with application in accordance with [s. 106(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/106/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 106(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/106/1)
[^c23356611]: [S. 100(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1ZA) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/2/2)
[^c23364871]: Words in [s. 100(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364891]: Words in [s. 100(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364911]: Words in [s. 100(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364931]: Words in [s. 100(1C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1C/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364951]: Word in [s. 100(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1D) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364971]: Words in [s. 100(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1E) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364991]: Words in [s. 100(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1E) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358721]: Words in [s. 100(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/2/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573121]: Source—1970 s.138(1)
[^c21573131]: Source—1970 s.138(3)
[^c21573141]: Source—1970 s.138(5)
[^c21834931]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/3/2)
[^c21834951]: [S. 101(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/3/3)
[^c21852741]: Words in [s. 101(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365011]: Words in [s. 101(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358781]: Words in [s. 101(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358791]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365031]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358841]: [S. 101(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358811]: Words in [s. 101(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358861]: Words in [s. 101(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573151]: Source—1970 s.137(2), 138(2)
[^c21573161]: Source—1970 s.137(3), 138(4)
[^c21834971]: Words in [s. 102(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1/a) substituted (with effect in accordance with [Sch. 22 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/22/paragraph/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 22 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/22/paragraph/11)
[^c21852761]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23358901]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365051]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358921]: Words in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(a)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/a/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365071]: Words in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365091]: Word in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573171]: Source—1970 s.143; 1983 s.27(b)
[^c21573181]: [Sch.7 para.36(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/3) [Copyright Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)*in force on* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced*).
[^c21826461]: Words in [s. 103(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4/b) inserted (with effect in accordance with [s. 144(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/3/b)
[^c21826491]: [S. 103(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/5)
[^c21852771]: Words in [s. 103(1)(2)(a)(b)(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1/2/a/b/4/a/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365111]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358951]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365131]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365151]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365171]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365191]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358971]: [S. 103(3)(b)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/b/bb) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23423281]: Words in [s. 103(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369491]: Words in [s. 103(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4/b) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/2)
[^c23369271]: [S. 103(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4A) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/3), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c23369511]: Words in [s. 103(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/5) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/5)
[^c21573191]: Source—1970 s.144(1)
[^c21573211]: Source—1970 s.144(3), (4)
[^c21852841]: Words in [s. 104(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853831]: [S. 104(4)(5)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/4/5/7) repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23365231]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359011]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365251]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365271]: Words in [s. 104(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359031]: Words in [s. 104(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573221]: Source—1970 s.145
[^c21835011]: [S. 105](https://www.legislation.gov.uk/ukpga/1988/1/section/105) modified by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 15A](https://www.legislation.gov.uk/ukpga/1990/1/section/15A) (as inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 201](https://www.legislation.gov.uk/ukpga/1996/8/section/201), [Sch. 39 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/1/2))
[^c21829331]: Words in [s. 105(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/2) inserted (with effect in accordance with [s. 90(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/6)
[^c21852921]: Words in [s. 105(1)(a)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1/a/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853881]: [S. 105(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/4) repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23365291]: Words in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365331]: Word in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365351]: Word in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365371]: Words in [s. 105(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573231]: Source—1970 s.147
[^c21852931]: Word in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365411]: Words in [s. 106(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365431]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365451]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365471]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365491]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573271]: Source—1970 s.151(1)
[^c21573291]: Source—1970 s.151(2)-(5)
[^c21829441]: Words in [s. 110(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/1) substituted (with effect in accordance with [s. 90(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/3)
[^c21852991]: Words in [s. 110(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/3/4/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365571]: [S. 110(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/1A) subsituted for s. 110(2) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 90](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/90) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21829371]: [S. 109A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/1) modified (with application as stated in s. 90(7) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/2)
[^c21835111]: Words in [s. 109A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/5/1)
[^c21835131]: [S. 109A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/4A) inserted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/5/2)
[^c21852961]: Words in [s. 109A(2)(d)(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/2/d/4/4A) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23359091]: [S. 109A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359111]: Words in [s. 109A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359131]: Words in [s. 109A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/4A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365531]: Words in [s. 109A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365551]: [S. 109A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/6A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22730011]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) modified (1.5.1995) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)
[^c22730031]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) excluded (subsection (1) excepted) (with application in accordance with s. 44 of the excluding act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/1/2), [Sch. 6 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/6/6)
[^c22730041]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) excluded (subsection (1) excepted) (with effect in accordance with s. 64 and Sch. 22 paras. 16-18 of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 13(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/13/6)
[^c23365591]: Words in [s. 111(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/111/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 92(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/92/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573401]: Source—1970 s.155(1); 1973 s.31(5); 1980 s.39(3)
[^c21573411]: Source—1970 s.155(2); 1972 s.107(2)
[^c21826551]: [S. 114(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 172(4)-(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/172/4)
[^c21826581]: Words in [s. 114(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) inserted (with effect in accordance with [s. 215(4)(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/4/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/2) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21826661]: [S. 114(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/4) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/a), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21831731]: Words in [s. 114(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) inserted (with effect in accordance with [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/4)
[^c21831771]: [S. 114(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/3) repealed (with effect in accordance with [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 218(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/218/1)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(15)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/15), Note 1
[^c23385131]: [S. 115(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5C) inserted (retrospectively) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(1)(4)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/1/4)
[^c21827331]: [S. 115(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/1)(6) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21832551]: [S. 115(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/4/5) substituted (with effect in accordance with [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/5)
[^c23354721]: Words in [s. 115(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/4/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23365611]: [S. 115(5)-(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5) substituted for s. 115(5) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 95(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/95/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426381]: [S. 115(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5) modified (with retrospective effect) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(5)(6)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/5/6/b)
[^c21573471]: Source—1973 s.31(1)-(5), (9), 32(6)
[^c21853931]: [S. 116(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/2/d) repealed (with effect in accordance with Sch. 3 para. 10(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 10(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/10/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21859591]: [S. 116(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/4/b) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 21](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/21)
[^c23365631]: Word in [s. 116(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 96](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/96) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573491]: Source—1985 Sch.12 2(1)-(3).
[^c21573511]: 1985 Sch.12 1, 2(4)
[^c21573521]: [1907 c. 24](https://www.legislation.gov.uk/ukpga/1907/24).
[^c21573541]: Source—1985 Sch.12 4
[^c21573551]: Source—1985 Sch.12 2(5)
[^c21853271]: Words in [s. 117(1)(3)(b)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1/3/b/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b) Sch. 7 para. 1
[^c21859821]: Words in [s. 117(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859841]: Words in [s. 117(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859861]: [S. 117(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(1)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/1/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859871]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/2/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 22(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/3))
[^c21859881]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 22(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/3))
[^c21859901]: [S. 117(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(2)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/2/c), [Sch 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 22(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/3))
[^c23356631]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/2)
[^c23357291]: Words in [s. 117(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(a)(i)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/a/i/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357311]: Words in [s. 117(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1/a) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(a)(ii)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/a/ii/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357331]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(b)(i)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/b/i/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23426891]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(b)(ii)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/b/ii/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357381]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 78(1)(a)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/78/1/a/4)
[^c23357401]: [S. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2): definition of "the amount of any reclaimed relief" inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 78(1)(b)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/78/1/b/4)
[^c23357361]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(c)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/c/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357421]: [S. 117(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/5) added (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(2)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/2/5)
[^c21573601]: Source—1985 Sch.12 3(1)-(3)
[^c21573611]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 4(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/4/a)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21573631]: Source—1985 Sch.12 3(4), 1, 4
[^c21573641]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 4(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/4/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21853941]: Words in [s. 118(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1/2) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 35](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/35)
[^c21853301]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21860031]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860111]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860071]: [S. 118(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860121]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/a) {Sch. 4} (with Sch. 2 para. 23(3))
[^c21860131]: Words in [s. 118(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2/b) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/3))
[^c21860091]: [S. 118(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/3))
[^c21860751]: [S. 118ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) substituted (retrospective to 6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(1)(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/1/6)
[^c23365651]: Words in [s. 118ZA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 97(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/97/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365671]: Words in [s. 118ZA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 97(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/97/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427041]: [S. 118ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZB) renumbered as s. 118ZB(1) (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/3)
[^c23356671]: [S. 118ZB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZB/2) added (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/3)
[^c23357451]: Words in [s. 118ZB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZB/2) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(2)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/2/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357671]: [S. 118ZC(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/5) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(3)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/3/5)
[^c23356681]: Words in [s. 118ZD(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/2) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/4)
[^c23357471]: Words in [s. 118ZE(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE/1) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(3)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/3/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23365691]: Words in [s. 118ZE(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 98(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/98/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365711]: Words in [s. 118ZE(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 98(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/98/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365731]: Words in [s. 118ZE(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 98(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/98/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357501]: Words in [s. 118ZF(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZF/1) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(4)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/4/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357691]: Words in [s. 118ZF(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZF/1) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 78(2)(a)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/78/2/a/4)
[^c23357701]: [S. 118ZF(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZF/1A) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 78(2)(b)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/78/2/b/4)
[^c23357531]: Words in [s. 118ZG(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZG/2/b/ii) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(5)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/5/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357711]: [S. 118ZG(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZG/7) added (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(4)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/4/5)
[^c23365751]: Words in [s. 118ZH(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZH/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 99](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/99) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357561]: Words in [s. 118ZJ(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZJ/3) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(6)(a)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/6/a/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357591]: Words in [s. 118ZJ(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZJ/4) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(6)(b)(i)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/6/b/i/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357631]: [S. 118ZJ(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZJ/4/b) and preceding word repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(6)(b)(ii)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/6/b/ii/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357661]: [S. 118ZJ(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZJ/5/b) and preceding word repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(6)(c)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/6/c/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23365771]: Words in [s. 118ZK(2)(b)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZK/2/b/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/100) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365801]: Words in [s. 118ZL(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 101(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/101/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365821]: Words in [s. 118ZL(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 101(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/101/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365841]: Words in [s. 118ZL(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL/6/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 101(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/101/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365861]: Words in [s. 118ZL(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL/6/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 101(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/101/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357931]: [S. 118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) modified (retrospective to 2.12.2004) by [Finance Act 2005 (c.7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 3 paras. 17](https://www.legislation.gov.uk/ukpga/2005/7/schedule/3/paragraph/17), [31(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/3/paragraph/31/3)
[^c23365881]: Words in [s. 118ZM(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 102](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/102) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573671]: Source—1970 s.156
[^c21573681]: [S. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 201(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21573691]: Words in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) inserted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(4)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/4) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21832621]: Words in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) repealed (with effect in accordance with s. 145(3), Sch. 29 Pt. 8(22) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 145(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/1), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c21832661]: Words in [s. 119(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/2) repealed (with effect in accordance with Sch. 29 Pt. 8(22) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c21861441]: Word in [s. 119(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/3) repealed (S.) (28.11.2004) by Abolition of Feudal Tenure etc. (Scotland) Act (asp 5), ss. 71, 77(2), Sch. 12 para. 50(3), {Sch. 13 Pt. 1}; [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23365901]: Word in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 103](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/103) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573701]: Source—1970 s.157
[^c21847521]: Words in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) inserted (with effect in accordance with [s. 60(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(2)(a)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/2/a)
[^c21847561]: Words in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(2)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/2/b), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21847541]: [S. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) inserted (with effect in accordance with [s. 60(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/3)
[^c21847571]: [S. 120(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/2) repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/4), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21847611]: [S. 120(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/5/c) and preceding word repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by Finance Act 1997, (c. 16), s. 60(5), {Sch. 18 Pt. 6(2)}
[^c23365921]: Word in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365941]: Words in [s. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365961]: Words in [s. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573711]: Source—1970 s.158(1), (2)
[^c21832671]: [S. 121(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/121/1) substituted for s. 121(1)(2) (with effect in accordance with [s.145(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 145(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/2)
[^c23359361]: [S. 121(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/121/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 105](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/105), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573811]: Source—1970(F) s.29(1), (3); 1971 Sch.9 4
[^c21573821]: [S. 122(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1/b) and the word "and" immediately preceding it repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21573841]: Source—1970(F) s.29(2)
[^c21573851]: [S. 122(3)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/3/8) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21573881]: *For regulations see* Part III Vol.5.
[^c21573891]: [S. 122(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/5) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 203(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/203/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21573911]: [1966 c. 4](https://www.legislation.gov.uk/ukpga/1966/4).
[^c21573931]: [1969 c. 35 (N.I.)](https://www.legislation.gov.uk/apni/1969/35).
[^c21573941]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28).
[^c21573951]: [1903 c. 37](https://www.legislation.gov.uk/ukpga/1903/37).
[^c21832691]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) repealed (1.5.1995 with effect in accordance with Note to Sch. 29 Pt. 8(22) of the amending act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c23365991]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359371]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(b)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/b/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366011]: Word in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359411]: Words in [s. 122(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366031]: Words in [s. 122(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359431]: [S. 122(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21574141]: Source—1977 s.48
[^c21574151]: *See* 1989 s.59—*rights of admission disregarded in the case of certain covenanted subscriptions.*
[^c23369551]: [S. 125(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/b) substituted (with retrospective effect in accordance with [s. 91(7)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/7) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/2)
[^c23366051]: [S. 125(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/a) and word substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 107(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/107/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366071]: Words in [s. 125(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 107(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/107/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369631]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) substituted (with effect in accordance with [s. 38(7)(13)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/7/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/3)
[^c23369651]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) repealed (with effect in accordance with s. 38(7)(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c21574281]: Source—1985 s.72(1), (2); 1987 (No.2) s.81(1)
[^c21574291]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(7)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/7) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21861281]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) renumbered as s. 128(1) (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/1/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21861351]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) renumbered as s. 128(3) (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21574451]: *See*—1988 s.338(6)—*definition applied for purposes of* s.338(3) (*charges*).1988 s.576(5)—*definition applied for purposes of* ss.573 to 576 (*losses on unquoted shares in trading companies*).[Trustee Savings Banks Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(6).
[^c23356841]: [S. 130](https://www.legislation.gov.uk/ukpga/1988/1/section/130) sidenote substituted (with effect in accordance with ss. 38(5), 42, 43 of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/4)
[^c21574741]: [S. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss.120](https://www.legislation.gov.uk/ukpga/1992/12/section/120), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21574751]: Source—1972 s.79(1), (4)
[^c21574761]: Source—[1972 c.79](https://www.legislation.gov.uk/ukpga/1972/79)(1), (7)
[^c21574771]: Source—1972 s.79(2)(b), (3)(b), (8)
[^c21574781]: Source—1973 Sch.8 1
[^c21574791]: Source—1972 s.79(2)(c); 1973 Sch.8 4(1)(a)
[^c21574801]: Source—1972 s.79(2)(bb); 1984 s.40(1)
[^c21574811]: Source—1972 s.79(6)
[^c21574821]: Source—1973 Sch.8 1(b), 3; 1974 s.20(2)
[^c21574831]: Source—1973 Sch.8 2
[^c21574841]: Source—1972 s.79(2)(c); 1973 Sch.8 4(1)(a)
[^c21574851]: Source—1972 s.79(2A); 1973 Sch.8 4(1)(b)
[^c21574861]: Source—1972 s.79(2B); 1984 s.40(2)
[^c21574871]: Source—1972 s.79(5), (6); 1973 Sch.8 4(1)(c); 1986 s.26(4)
[^c21574881]: Source—1972 s.79(5A), (5B); 1986 s.26(3), (6)
[^c21574891]: Source—1972 s.79(3)(a); 1974 s.20(1)(b)
[^c21574901]: [Ss. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138), [139](https://www.legislation.gov.uk/ukpga/1988/1/section/139) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) ss. 88, 148, Sch.14 Part VI in respect of shares issued on or after 26 October 1987, subject to transitional arrangements.
[^c23441861]: [Ss. 138-140](https://www.legislation.gov.uk/ukpga/1988/1/section/138) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4) (and as that affecting section 418 is substituted (with effect in accordance with [Sch. 22 para 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/1))
[^c23391981]: Words in [s. 138(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/138/1/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 16(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/16/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392011]: Words in [s. 138(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/138/4/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 16(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/16/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21575111]: [Ss. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138), [139](https://www.legislation.gov.uk/ukpga/1988/1/section/139) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 88](https://www.legislation.gov.uk/ukpga/1988/39/section/88), [148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VI](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14) in respect of shares issued on or after 26 October 1987, subject to transitional arrangements.
[^c23441911]: [Ss. 138-140](https://www.legislation.gov.uk/ukpga/1988/1/section/138) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4) (and as that affecting section 418 is substituted (with effect in accordance with [Sch. 22 para 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/1))
[^c21575011]: Source—1972 s.79(1A), (1B); 1984 s.41(1)
[^c21575021]: Source—1972 s.79(10), (11)
[^c21575031]: Source—1972 Sch.12 3; 1984 s.41(2)
[^c21575041]: Source—1972 Sch.12 3A; 1984 s.40(4)
[^c21575051]: Source—1973 Sch.8 5-7; 1982 s.41
[^c21575061]: Source—11982 s.41; 1986 s.23(4)
[^c21575071]: Source—1973 Sch.8 35; 1972 Sch.12 6, 8
[^c21575081]: Source—1972 s.79(6A); 1986 s.26(5)
[^c21575091]: Source—1972 s.79(4A); 1984 s.40(3)
[^c21575101]: Words in [s. 139(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/139/14) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(10)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/10) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21575731]: Source—1981 s.28; 1987 Sch.3 6
[^c22201601]: Words in [s. 152(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/152/1) inserted (7.10.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)(4)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2/4), [Sch. 2 para. 13](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/13); [S.I. 1996/2208](https://www.legislation.gov.uk/uksi/1996/2208), [art. 2(b)](https://www.legislation.gov.uk/uksi/1996/2208/article/2/b)
[^c22277021]: Words in [s. 152(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/152/7) substituted (27.6.2002) by [The Secretaries of State for Education and Skills and for Work and Pensions Order 2002 (S.I. 2002/1397)](https://www.legislation.gov.uk/uksi/2002/1397), [Sch. para. 6](https://www.legislation.gov.uk/uksi/2002/1397/schedule/paragraph/6)
[^c21580051]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21868021]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 219(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/4), [220](https://www.legislation.gov.uk/ukpga/1994/9/section/220)
[^c22731381]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 219(4A)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/4A), [220](https://www.legislation.gov.uk/ukpga/1994/9/section/220) (as that s. 219(4A) is inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4))
[^c22731391]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [6(2)(a)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/2/a)
[^c22732721]: [s. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by Finance Act1993 (c. 34), s. 171(4A) (as inserted by [1997 c. 58](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4)),
[^c23397881]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) modified (with retrospective effect) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 3 para. 6(1)(2)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/6/1/2)
[^c21581151]: Source—1970 s.239
[^c21868001]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 14(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/14/5)
[^c21868371]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 13(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/13/5) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7), [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c21885271]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (8.11.1995) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [s. 18(2)(c)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/2/c), [Sch. 5 paras. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1), [10(4)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/4)
[^c21581251]: Source—1970 s.233(1); 1980 s.45(2)
[^c21581261]: Source—1970 s.233(2)(a), (b), (c); 1972 Sch.22 1, 2(1)
[^c21581271]: Source—1970 s.233(2)(d)(iii); 1972 Sch.22 3(2)
[^c21581281]: Source—1970 s.233(d), (e); 1970(F) Sch.4 6; 1972 Sch.22 3(1)
[^c21581291]: [S. 209(2)(e)(vii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/vii) and word "or" immediately preceding inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/1/4).
[^c21581301]: Source—1972 Sch.22 3(3)
[^c21581311]: Source—1970 s.233(3); 1972 Sch.22 4(3)
[^c21581321]: Source—1972 Sch.22 4(1), (2)
[^c21581331]: Source—1970 s.233(4)
[^c21581341]: Source—1972 Sch.22 2(2)
[^c21581351]: [S. 209(9)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/9) inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(2)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/2/4).
[^c21868391]: [S. 209(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da) inserted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/1)
[^c21868411]: Words in [s. 209(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e) substituted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/a)
[^c21868471]: [S. 209(2)(e)(iv)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/iv/v) repealed (with effect in accordance with s. 87(7)(8) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/b), [Sch. 29 Pt. 8(12)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/12), Note
[^c21868431]: Words in [s. 209(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3) substituted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/b)
[^c21868451]: [S. 209(8A)-(8F)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/8A) inserted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/3)
[^c21891551]: Words in [s. 209(2)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/ii) substituted (with effect in accordance with [Sch. 38 para. 6(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/b)
[^c21890701]: [S. 209(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/11) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22735861]: [S. 209(2)(da)(e)(vii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da/e/vii) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11A](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11A) (as inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para 11](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/11) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c22735751]: Words in [s. 209(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/1) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/9)
[^c22735771]: [S. 209(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3B) inserted (with application in accordance with [s. 86(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/1)
[^c22735881]: [S. 209(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3AA) inserted (with effect in accordance with [s. 102(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 102(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/1)
[^c23396201]: [S. 209(2)(b)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/b) excluded (12.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2006/3296/regulation/16)
[^c23394941]: [S. 209(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 34(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/34/1/a), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395031]: Words in [s. 209(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2)
[^c23395051]: Words in [s. 209(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395071]: Words in [s. 209(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3A/a) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23394961]: [S. 209(8A)-(8F)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/8A) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 34(1)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/34/1/b), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c21581361]: Source—1970 s.234(1), (2)
[^c21581371]: Source—1972 Sch.22 5(2), (3)
[^c21581381]: Source—1970 s.234(3); 1973 s.54
[^c21891571]: Words in [s. 210(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/210/4) substituted (with effect in accordance with [Sch. 38 para. 7(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 7(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/1/2/a)
[^c21581391]: Source—1970 s.235(1); 1972 Sch.22 6(1), (3)
[^c21581401]: Source—1972 Sch.22 6(2)
[^c21581411]: Source—1970 s.235 (2)-(5)
[^c23397511]: [Pt. 6 Chs. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/1): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)(d)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3/d)
[^c23394681]: Words in [s. 209B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/209B/4) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/2)
[^c21581431]: Source—1982 s.60(1)-(4)
[^c21581441]: Words in [s. 212(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/1/b) inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/3/4).
[^c23395091]: Words in [s. 212(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/1/b) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395141]: Words in [s. 212(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/3) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395131]: [S. 212(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/4) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c21581451]: Source—1980 s.117, Sch.18 1-8, 23
[^c21581461]: 1990 s.89*and* Sch.14 para.3 (*correction of errors*)—*deemed always to have had effect. Previously* “(3)(1)(a)”.
[^c23394721]: Words in [s. 213(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/213/11/a) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/3)
[^c21581471]: Source—1980 Sch.18 14
[^c21581491]: Source—1980 Sch.18 13
[^c22735921]: Words in [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/c) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/3)
[^c23394741]: Words in [s. 214(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/2) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/4)
[^c23395571]: Words in [s. 214(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/a) repealed (with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395591]: [S. 214(1)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/ab) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395611]: [S. 214(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1A/1B) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21581501]: Source—1980 Sch.18 17
[^c21581511]: Source—1980 Sch.18 18
[^c23394761]: Words in [s. 215(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/215/2) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/5)
[^c21581521]: Source—1980 Sch.18 19
[^c21581531]: Source—1980 Sch.18 20
[^c21581561]: Source—1980 Sch.18 23
[^c21581541]: Source—1980 Sch.18 21
[^c21581551]: Source—1980 Sch.18 22
[^c21581571]: Source—1982 s.53(1)-(3); 1986 s.100
[^c21581591]: Source—1982 Sch.9 1, 2
[^c21581601]: Words in [s. 220(2)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/2/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(14)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/14) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c23396021]: Words in [s. 220(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [49](https://www.legislation.gov.uk/uksi/2005/3229/regulation/49)
[^c21581621]: Source—1982 Sch.9 3(1)
[^c21581631]: Source—1982 Sch.9 4
[^c21581641]: Source—1982 Sch.9 3(2)-(4)
[^c21581651]: Source—1982 Sch.9 3(5), (6)
[^c21581661]: [1985 c.6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21581671]: Source—1982 Sch.9 3(7)
[^c21581681]: Source—1982 Sch.9 5(1), (2)
[^c21581691]: Source—1982 Sch.9 6(1), (2)
[^c21581701]: Source—1982 Sch.9 6(3)
[^c21581711]: Source—1982 Sch.9 5(3)-(6)
[^c21581721]: Source—1982 Sch.9 5(7), 6(4)
[^c21581731]: Source—1982 Sch.9 5(8)-(10)
[^c21581741]: Source—1982 Sch.9 7
[^c21581751]: Source—1982 Sch.9 8
[^c21581761]: Source—1982 Sch.9 9
[^c21581771]: Source—1982 Sch.9 10
[^c21581781]: Source—1982 Sch.9 11
[^c21581791]: Source—1982 Sch.9 12
[^c21581801]: Source—1982 Sch.9 14
[^c23396061]: Words in [s. 227(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [50](https://www.legislation.gov.uk/uksi/2005/3229/regulation/50)
[^c21581811]: Source—1982 Sch.9 15
[^c21581821]: Source—1982 Sch.9 16
[^c21581831]: Source—1975 (No.2) Sch.8 6
[^c21581841]: Words in [s. 230](https://www.legislation.gov.uk/ukpga/1988/1/section/230) repealed (in relation to accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Part V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17)
[^c23395631]: Words in [s. 230](https://www.legislation.gov.uk/ukpga/1988/1/section/230) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 112](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/112) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21581871]: *See* 1989 s.107*and* Sch.12—*close companies.*
[^c21581881]: Source—1972 s.86; 1972 s.110(1)
[^c21581891]: *See*—s.94—*taxation of dealer's receipts on purchase by company of own shares.*[s.423](https://www.legislation.gov.uk/ukpga/1988/1/section/423)*et seq—close company income.*[s.448](https://www.legislation.gov.uk/ukpga/1988/1/section/448)—*overseas life assurance companies.*
[^c21581951]: *Repealed by* 1989 s.187*and* Sch.17 Part IV*but in accordance with* 1989 ss.110*and* 111.
[^c21893561]: [S. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) excluded by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(2B)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2B) (as inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/1))
[^c21893581]: [S. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) excluded by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(4B)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/4B) (as inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4))
[^c22732761]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (with effect in accordance with [s. 30(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/2/b)
[^c21893641]: [S. 231(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1A) inserted (with effect in accordance with [s. 30(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/3)
[^c22732921]: [S. 231(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/2) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/4), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9) (with savings in [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/90/1) and [S.I. 1998/1871](https://www.legislation.gov.uk/uksi/1998/1871), [reg. 4(1)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/4/1))
[^c22732861]: [S. 231(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/3A) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/7), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22735731]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [6(2)(b)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/2/b)
[^c22734711]: [S. 231(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/4) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 76(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/76/4)
[^c23396181]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 121(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/121/5), [Sch. 17 para. 18(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/18/2)
[^c23396771]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/694)](https://www.legislation.gov.uk/uksi/2006/694), [regs. 69Z18(5)](https://www.legislation.gov.uk/uksi/2006/694/regulation/69Z18/5), [69Z19(2)](https://www.legislation.gov.uk/uksi/2006/694/regulation/69Z19/2) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5)
[^c23395651]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23472711]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/6)
[^c23395671]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395231]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 113(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395251]: [S. 231(3)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/3/3AA) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 113(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395691]: Words in [s. 231(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21885251]: [S. 234](https://www.legislation.gov.uk/ukpga/1988/1/section/234) applied (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 21(2)](https://www.legislation.gov.uk/uksi/1995/1979/regulation/21/2)
[^c21582181]: Source—1970 s.232(4); 1972 Sch.24 18
[^c21582191]: Words in [s. 234(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/234/1) substituted (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/2/a/4).
[^c21582201]: [S. 234(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/234/3/4) repealed (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 32(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/2/b/4), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 18 Pt.VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII).
[^c21582221]: Source—1972 Sch.21
[^c21582231]: 1989 s.107*and* Sch.12 para.11.*Previously* “paragraph 17 of Schedule 19 for the purposes of that Schedule”.
[^c23397291]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) applied (with modifications) (1.4.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [70](https://www.legislation.gov.uk/uksi/2006/964/regulation/70) (as amended (1.9.2009) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036)](https://www.legislation.gov.uk/uksi/2009/2036), [regs. 1](https://www.legislation.gov.uk/uksi/2009/2036/regulation/1), [2](https://www.legislation.gov.uk/uksi/2009/2036/regulation/2), [25](https://www.legislation.gov.uk/uksi/2009/2036/regulation/25))
[^c23397311]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) applied (1.9.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) Regulations 2009 (S.I. 2009/2034)](https://www.legislation.gov.uk/uksi/2009/2034), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2034/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2009/2034/regulation/21)
[^c23394591]: [S. 234A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/4) excluded (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 493(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/493/3) (with [s. 493(5)](https://www.legislation.gov.uk/ukpga/2003/1/section/493/5), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23486891]: [S. 234A(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/4) applied (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 2 para. 80(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/80/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21891531]: [S. 234A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/8A) inserted (with application in accordance with [Sch. 37 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/7) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/a)
[^c22732981]: Words in [s. 231B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/4/b) repealed (with effect in accordance with Sch. 4 para. 26(2), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para 26(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/26/1), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c23395801]: Words in [s. 231B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 116](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/116) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395171]: [S. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) inserted (with effect in accordance with [Sch. 24 para. 1(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/1)
[^c23395721]: Words in [s. 231AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395741]: Words in [s. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395761]: Words in [s. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395781]: Words in [s. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395281]: Words in [s. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395191]: [S. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) inserted (with effect in accordance with [Sch. 24 para. 1(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 1(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/2)
[^c23395941]: Words in [s. 231AB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395961]: Words in [s. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395981]: Words in [s. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23396001]: Words in [s. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395301]: Words in [s. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583561]: *See* Sch.10 para.5—*profit sharing schemes.*
[^c21583571]: Source—1975 (No.2) s.34(1)-(6)
[^c21583581]: *Words repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c23395821]: Words in [s. 249(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 119(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/2)
[^c23395361]: [S. 249(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395841]: Words in [s. 249(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395421]: Words in [s. 249(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395861]: Words in [s. 249(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/9/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583661]: Source—1975 (No.2) Sch.8 7(1)
[^c21583671]: Source—1975 (No.2) Sch.8 7(2)
[^c21583681]: Source—1975 (No.2) Sch.8 7(3)-(6)
[^c21583691]: Words in [s. 250(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/7) repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Part V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17) (in relation to accounting periods beginning after 31 March 1989).
[^c23395901]: Words in [s. 250(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/5/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 120(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/120/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395921]: Words in [s. 250(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 120(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/120/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583751]: Source—1975 (No.2) s.34(8)(a)-(d)
[^c21891881]: [S. 251(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/251/1/c) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/4/2)
[^c23395441]: [S. 251(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/251/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 121](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/121), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583831]: Source—1972 s.102; (No.2) s.88(5)-(7)
[^c21583821]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 80(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/80/8)
[^c21885211]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 15(4)(5)](https://www.legislation.gov.uk/uksi/1995/1979/regulation/15/4/5)
[^c21885231]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) applied (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 20](https://www.legislation.gov.uk/uksi/1995/1979/regulation/20)
[^c22733931]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (31.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 35(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/35/10)
[^c21583841]: [S. 252(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/252/4) power exercised: 30.9.1993 appointed for the purposes of s. 252(2)(3) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b).
[^c21583861]: *See* 1989 s.157(1)*for reckonable date for interest charge under* 1970(M) s.86*where assessment made to recover corporation tax payable as the result of a claim under* s.240*made on or after* 14*March* 1989. (*Ceases to have effect for accounting periods ending after the day appointed for the purposes of* s.86).
[^c22735471]: [S. 252(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/252/1/a) repealed (with effect in accordance with Sch. 3 para. 21(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 21(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/21/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583871]: Source—1972 s.108
[^c22735491]: [S. 253(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/1/b) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/2/a), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735511]: Words in [s. 253(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/1) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/2/b), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735551]: [S. 253(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/2) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735531]: Words in [s. 253(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/3/a) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583881]: Source—1970 s.237(1), (3), (5); 1972 Sch.22 10(4)
[^c21583911]: Source—1972 Sch.22 10(1)-(3)
[^c21583921]: Source—1970 s.237(1)
[^c21583931]: Source—1972 Sch.22 8
[^c21583941]: Source—1972 Sch.22 9
[^c21583951]: Source—1970 s.237 (2)
[^c21583961]: Source—1970 s.237(4)
[^c21583971]: Source—1970 s.237(6)
[^c21583981]: Source—1970 s.237(7)
[^c21891591]: Words in [s. 254(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/254/11) substituted (with effect in accordance with [Sch. 38 para. 6(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/d)
[^c21890661]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [Airports Act 1986 (c. 31)](https://www.legislation.gov.uk/ukpga/1986/31), [s. 77(3)](https://www.legislation.gov.uk/ukpga/1986/31/section/77/3) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21890681]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [Gas Act 1986 (c. 44)](https://www.legislation.gov.uk/ukpga/1986/44), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1986/44/section/60/3) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21890911]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [British Steel Act 1988 (c. 35)](https://www.legislation.gov.uk/ukpga/1988/35), [s. 11(7)](https://www.legislation.gov.uk/ukpga/1988/35/section/11/7) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 55](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/55) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21584011]: Source-1970 s.5; 1971 Sch.4 3; 1975 (No.2) s.31(3); 1976 Sch.4 3(1), 18(1)
[^c21584021]: “287 and 288” *repealed by* 1988(F) Sch.14 Part. VIII*for* 1990-91*and subsequent years. And see* 1970(M) ss.42*and* 43—*procedure on claims and appeals.*
[^c21866331]: [S. 256](https://www.legislation.gov.uk/ukpga/1988/1/section/256) renumbered as s. 256(1) (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by Finance Act [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/1)
[^c21866351]: [S. 256(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2/3) inserted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by Finance Act [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2)
[^c22732211]: Words in [s. 256(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2/a) substituted (1999-2000 and subsequent years of assessment) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 27(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/27/1/a)
[^c22732251]: [S. 256(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3) modified (2000-2001) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 35(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/4)
[^c22732221]: Words in [s. 256(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3/a) substituted (with effect in accordance with [s. 35(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 35(1)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/1/a)
[^c22732231]: [S. 256(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3/b) repealed (with effect in accordance with s. 35(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 35(1)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/1/b), [Sch. 20 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/5), Note 2
[^c22732241]: [S. 256(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3): words after para. (c) repealed (with effect in accordance with s. 35(3) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 35(1)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/1/c), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4), Note
[^c21584101]: [Ss. 257-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257) substituted for s. 257 (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 33](https://www.legislation.gov.uk/ukpga/1988/39/section/33)
[^c21584131]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677), [arts.2(1)(3)](https://www.legislation.gov.uk/ukcm/1990/677/article/2/1/3) (*in* Part III Vol.5)*for* 1990-91.
[^c21584171]: 1989 s.33 for 1990-91*and subsequent years.*
[^c22732341]: [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(3)](https://www.legislation.gov.uk/uksi/1991/732/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1992-93) by [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(3)](https://www.legislation.gov.uk/uksi/1992/622/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amounts specified (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(3)](https://www.legislation.gov.uk/uksi/1993/755/article/2/3)) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amounts specified (1994-95) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 76](https://www.legislation.gov.uk/ukpga/1994/9/section/76) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(3)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/3)) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(3)(a)(d)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/3/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (1995-96) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 36](https://www.legislation.gov.uk/ukpga/1995/4/section/36) (in place of [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(3)(b)(c)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/3/b/c)) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1996-97) by [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (1996-97) by [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8), [s. 74(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/74/2) (in place of [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/3/a)) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (1997-98) by [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [s. 55(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/55/2) (in place of [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/3/a)) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(3)](https://www.legislation.gov.uk/uksi/1998/755/article/2/3) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (1999-00) by [S.I. 1998/2704](https://www.legislation.gov.uk/uksi/1998/2704), [art. 2](https://www.legislation.gov.uk/uksi/1998/2704/article/2) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(3)(c)](https://www.legislation.gov.uk/uksi/1999/597/article/2/3/c) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (1999-00) by [1999 c. 16](https://www.legislation.gov.uk/ukpga/1999/16), [s. 24(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/24/1) (in place of [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(3)(a)(b)](https://www.legislation.gov.uk/uksi/1999/597/article/2/3/a/b)) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2000-01) by [S.I. 1999/3038](https://www.legislation.gov.uk/uksi/1999/3038), [art. 2](https://www.legislation.gov.uk/uksi/1999/3038/article/2) [S. 257(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3/5) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(3)](https://www.legislation.gov.uk/uksi/2000/806/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (2001-02) by [S.I. 2000/2996](https://www.legislation.gov.uk/uksi/2000/2996), [art. 2(2)](https://www.legislation.gov.uk/uksi/2000/2996/article/2/2) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (2002-03) by [S.I. 2001/3773](https://www.legislation.gov.uk/uksi/2001/3773), [art. 2(2)](https://www.legislation.gov.uk/uksi/2001/3773/article/2/2) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2003-04) by [2002 c. 23](https://www.legislation.gov.uk/ukpga/2002/23), [s. 28(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/28/1) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2003-04) by [2002 c. 23](https://www.legislation.gov.uk/ukpga/2002/23), [s. 29(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/29/1) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/2) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(2)(a)(d)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/2/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2004-05) by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 24(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/24/1) (in place of [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(2)(b)(c)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/2/b/c)) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(2)(a)(d)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/2/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2005-06) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [s. 9(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/9/1) (in place of [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(2)(b)(c)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/2/b/c)) [S. 257(1)(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3/5) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(2)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/2) [S. 257(1)(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3/5) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(2)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/2) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/2008/673/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (2008-09) by [2008 c. 9](https://www.legislation.gov.uk/ukpga/2008/9), [ss. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/2/1/b), [3(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/3/1) (in place of [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/2008/673/article/2/3/a)) [S. 257(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3/5) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(b)(ii)-(iv)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/b/ii) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2009-10) by [2009 c. 10](https://www.legislation.gov.uk/ukpga/2009/10), [s. 3(1)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/3/1/b) (in place of [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(b)(i)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/b/i))
[^c22222711]: Words in [s. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) repealed (with effect as mentioned in s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/13), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23411951]: [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 192(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21584381]: [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(4)(b)-(d)](https://www.legislation.gov.uk/uksi/1991/732/article/2/4/b) [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) amended (1991-92) by [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31), [s. 22(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/22/2) (in place of [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(4)(a)](https://www.legislation.gov.uk/uksi/1991/732/article/2/4/a)) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (1992-93) by [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(4)(b)-(d)](https://www.legislation.gov.uk/uksi/1992/622/article/2/4/b) [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) amended (1992-93) by [1992 c. 20](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/3/5) (in place of [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(4)(a)](https://www.legislation.gov.uk/uksi/1992/622/article/2/4/a)) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amounts specified (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(4)](https://www.legislation.gov.uk/uksi/1993/755/article/2/4)) [S. 257A(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1/2/3) amended (1994-95) by [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(4)(a)-(c)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/4/a) [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) amount specified (1994-95) [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 78](https://www.legislation.gov.uk/ukpga/1994/9/section/78) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(4)(d)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/4/d)) [S. 257A(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1/2/3) amended (1995-96) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(9)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/9) [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(4)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1996-97) by [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(4)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(4)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(4)](https://www.legislation.gov.uk/uksi/1998/755/article/2/4) [S. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) amended (1999-00) by [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36), [s. 27(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/27/2) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(4)](https://www.legislation.gov.uk/uksi/1999/597/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(4)](https://www.legislation.gov.uk/uksi/2000/806/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2001-02) by [S.I. 2000/2996](https://www.legislation.gov.uk/uksi/2000/2996), [art. 2(3)](https://www.legislation.gov.uk/uksi/2000/2996/article/2/3) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2002-03) by [S.I. 2001/3773](https://www.legislation.gov.uk/uksi/2001/3773), [art. 2(3)](https://www.legislation.gov.uk/uksi/2001/3773/article/2/3) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(3)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(3)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(3)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(3)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(3)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/3) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(4)](https://www.legislation.gov.uk/uksi/2008/673/article/2/4) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(c)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/c)
[^c21584451]: 1989 s.33 for 1990-91*and subsequent years.*
[^c22219311]: [Ss. 257A-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) restricted (with effect as mentioned in s. 77(7) of the restricting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c21866261]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2/b)
[^c21866281]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2/c)
[^c21584481]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677), [arts.2(1)(4)](https://www.legislation.gov.uk/ukcm/1990/677/article/2/1/4) (*in* Part III Vol.5)*for* 1990-91.
[^c21866311]: Words in [s. 257A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/1)
[^c22226371]: Words in [s. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) substituted (with effect in as mentioned in [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 14(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/14/3)
[^c22299371]: [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) repealed (with effect as mentioned in s. 31(10), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22293281]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(3)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/3/a)
[^c22299141]: Word in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/a)
[^c22299161]: [S. 257A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3/b) and preceding word inserted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/b)
[^c22299391]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) repealed (with effect as mentioned in s. 31(10), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/c), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22732351]: Words in [s. 257A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/4) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/5/a)
[^c22299291]: Words in [s. 257A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/4) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(5)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/5/b)
[^c22299501]: Words in [s. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) repealed (with effect as mentioned in s. 31(11), Sch. 20 Pt. 3(3) Note 1 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/6), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3) (with [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5))
[^c22299311]: [S. 257A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5A) inserted (with effect as mentioned in [s. 31(11)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/11) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/7) (with [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5))
[^c22299331]: Words in [s. 257A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/8)
[^c22299351]: [S. 257A(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/7) inserted (with effect as mentioned in [s. 31(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(9)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/9)
[^c23398291]: [S. 257A(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/7) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23408631]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/2/a)
[^c23408651]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/2/b)
[^c23408671]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/3/a)
[^c23408691]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/3/b)
[^c23487281]: [S. 257A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3A) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/4)
[^c23411971]: [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 192(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21584551]: [S. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c21584561]: 1989 s.33(10).
[^c21584571]: 1989 s.57(4).
[^c21584581]: [S. 257B(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/257B/2/e) and ',or' preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/33/4)
[^c21584591]: [S. 257B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257B/3) applied (with modifications) for the year of assessment 1990-91 by [S.I. 1993/415](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c22219351]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22732541]: [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) applied (2000-01 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5)
[^c21584691]: [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1991-92) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/22/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1992-93) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/3/5) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1993-94) by Finance Act [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 76](https://www.legislation.gov.uk/ukpga/1994/9/section/76) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95, 1995-96) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/10) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 78](https://www.legislation.gov.uk/ukpga/1994/9/section/78) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1995-96) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 36](https://www.legislation.gov.uk/ukpga/1995/4/section/36) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1996-97) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 74(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/74/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1997-98) by [Finance Act 1997 (c.16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 55(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/55/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1999-00) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 24(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/24/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2003-04) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 28(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/28/2), [29(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/29/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2004-05) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 24(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/24/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2005-06) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 9](https://www.legislation.gov.uk/ukpga/2005/7/section/9) [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) excluded (2008-09) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [ss. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/2/2/b), [3(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/3/2/b) [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) excluded (2009-10) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/3/2/b)
[^c21584701]: Words in [s. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(3)(a)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/3/a/8)
[^c21584721]: [S. 257C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2) repealed (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 107(3)(b)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/3/b/8), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c21584731]: *See* S.I. [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677)*in* Part III Vol.5*for* 1990-91.
[^c21584741]: *Repealed by* 1990 s.132*and* Sch.19 Part IV.
[^c22732601]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) substituted (2002-03 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(3)(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/3/6)
[^c22732551]: [S. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) inserted (1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 25(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/25/3/4)
[^c22732631]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) substituted (2003-04 and subsequent years of assessment in accordance with [s. 53(7)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/7) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 53(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/4)
[^c22732661]: [S. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) modified (2002-03) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 27(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/27/b)
[^c23398351]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23403961]: Words in [s. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 35](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/35) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23411181]: Words in [s. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/a)
[^c23411201]: Words in [s. 257C(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/b)
[^c23411221]: Words in [s. 257C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/c)
[^c21585391]: 1988(F) s.35*and* Sch.3 para.8*for* 1990-91*and subsequent years. Previously* “Relief for blind persons.**265.**—(1) Subject to subsection (3) below, if the claimant proves—(a) that he is a married man who for the year of assessment has his wife living with him, and that one of them was, and the other was not, a registered blind person for the whole or part of the year; or (b) that, not being such a married man, he was a registered blind person for the whole or part of the year, he shall be entitled to a deduction of £540 from his total income. (2) Subject to subsection (3) below, if the claimant proves—(a) that he is a married man who for the year of assessment has his wife living with him, and (b) that he was a registered blind person for the whole or part of the year and his wife was also a registered blind person for the whole or part of the year, he shall be entitled to a deduction of £1,080 from his total income. (3)*Unless a claimant who is entitled to relief for the year of assessment under section* 264*in respect of the services of a son or daughter relinquishes his claim to that relief, he shall not be allowed relief under this section for that year* (*Repealed by* 1988(F) ss.25(3), 148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*). (4) In this section “registered blind person” means a person registered as a blind person in a register compiled under section 29 of the National Assistance Act 1948 or, in the case of a person ordinarily resident in Scotland or in Northern Ireland, a person who is a blind person within the meaning of section 64(1) of that Act.”.*And see* Table E Vol.1*for previous years.*
[^c21585421]: 1989 s.33(10).
[^c21585431]: 1989 s.57(4)
[^c21585441]: [S. 265(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/e) and ' ,or' preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/33/4)
[^c21585461]: [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1990-91) by [The Lloyd's Underwriters (Tax) (1990-91) Regulations 1993 (S.I. 1993/415)](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1](https://www.legislation.gov.uk/uksi/1993/415/regulation/1), [9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c22219201]: [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2) [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c21585471]: Words in [s. 265(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/6) substituted (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras. 8(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/8/4), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c22734691]: [S. 265(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/a) repealed (with effect in accordance with s. 81(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/2), Note
[^c22217551]: Words in [s. 265(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/b) repealed (with effect as mentioned in s. 77(7) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 10](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/10), [Sch. 26 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/1), Note
[^c22217771]: [S. 265(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/d) repealed (with effect as mentioned in Sch. 10 para. 3(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 10 para. 3(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/10/paragraph/3/1), [Sch. 26 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/3), Note 1
[^c22225601]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) repealed (with effect as mentioned in s. 134(2) of the repealing Act) by Finance Act 1996, Sch. 20 para. 19, Sch. 41 Pt. 5(10), Note
[^c22749141]: Words in [s. 265(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5/a) substituted (with effect as mentioned in [s. 135(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/135/2) of the amending Act) by Finance Act 1996, Sch. 21 para. 6
[^c22749231]: [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(5)](https://www.legislation.gov.uk/uksi/1999/597/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(5)](https://www.legislation.gov.uk/uksi/2000/806/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2001-02) by [S.I. 2001/638](https://www.legislation.gov.uk/uksi/2001/638), [art. 2(3)](https://www.legislation.gov.uk/uksi/2001/638/article/2/3) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2002-03) by [S.I. 2002/707](https://www.legislation.gov.uk/uksi/2002/707), [art. 2(4)](https://www.legislation.gov.uk/uksi/2002/707/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(4)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(4)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(4)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(5)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(5)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 3](https://www.legislation.gov.uk/uksi/2008/673/article/3) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 3](https://www.legislation.gov.uk/uksi/2008/3024/article/3)
[^c22749151]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) substituted (with effect in accordance with [s. 56(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/1)
[^c22749171]: [S. 265(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1A) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/2)
[^c22749251]: [S. 265(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/e) and preceding word repealed (with effect in accordance with s. 59(3)(b) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/15), Note; [S.I. 2000/2004](https://www.legislation.gov.uk/uksi/2000/2004), [art. 2](https://www.legislation.gov.uk/uksi/2000/2004/article/2)
[^c23411281]: Words in [s. 265(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/2)
[^c23411301]: Words in [s. 265(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/b) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/3/a)
[^c23411321]: Word in [s. 265(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/b) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/3/b)
[^c23411341]: [S. 265(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/4) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/4)
[^c23411361]: Words in [s. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/5)
[^c23411381]: Words in [s. 265(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/6) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/6)
[^c21585771]: Source-1978 Sch.3 11
[^c21585791]: Source-1978 Sch.3 12; 1981 s.33
[^c21585801]: [1974 c. 52](https://www.legislation.gov.uk/ukpga/1974/52).
[^c22749801]: [S. 266(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/6/c) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/3)
[^c22749821]: [S. 266(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/6A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/4)
[^c21585781]: Words in [s. 266(2)(a)(iii)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/a/iii/6/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/2/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21585891]: Source-1975 s.7; 1976 Sch.4 19(1); 1984 s.72(5)
[^c21585901]: Source-1975 s.8; 1976 Sch.4 19(2); 1984 s.72(5)
[^c21585911]: Source-1975 s.9(1)-(4); 1976 Sch.4 19(3)
[^c21585921]: Source-1975 Sch.2 16(1), (3); 1976 s.35
[^c22749891]: Words in [s. 271(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/a), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749901]: Words in [s. 271(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/b) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/b), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749911]: Words in [s. 271(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/c) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/c), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749921]: [S. 271(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/2/b) and preceding word repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/2), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c23408131]: Words in [s. 271(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 123](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/123) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21585931]: Source-1975 Sch.1
[^c21585941]: 1988(F) s.35*and* Sch.3 para.10*for* 1990-91*and subsequent years. Previously* “Payments securing widows' and children's annuities.**273.** Subject to sections 274, 617(3) and 619(6), if the claimant is, under any Act of Parliament or under the terms or conditions of his employment, liable to the payment of any sum, or to the deduction from his salary or stipend of any sum, for the purpose of securing a deferred annuity to his widow or provision for his children after his death, he shall be entitled to a deduction from the amount of income tax with which he is chargeable equal to income tax at the basic rate on the amount of the sum paid by him or deducted from his salary or stipend.”.
[^c23408231]: [S. 273](https://www.legislation.gov.uk/ukpga/1988/1/section/273) renumbered as s. 273(1) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408171]: Words in [s. 273(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408191]: Words in [s. 273(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408211]: [S. 273(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23411601]: Words in [s. 273(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [59](https://www.legislation.gov.uk/uksi/2005/3229/regulation/59)
[^c21585971]: Source-1970 s.21(4); 1975 Sch.2 6; 1980 s.29; 1976 Sch.4 21; 1987 Sch.15 2(5)
[^c21585981]: 1988(F) s.29—*from* 6*April* 1989.*Previously* “15 per cent.”.
[^c22219331]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22181111]: Words in [s. 257BA(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/2) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/1/a) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22181141]: Words in [s. 257BA(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/2) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/1/b) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22181171]: Words in [s. 257BA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/2/a) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22181191]: Words in [s. 257BA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/2/b) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22181211]: Words in [s. 257BA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/2/c) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22300751]: Words in [s. 257BA(1)(a)(2)(a)(3)(a)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/a/2/a/3/a/6) substituted (with effect as mentioned in [s. 32(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(1)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/1/a)
[^c22300831]: Words in [s. 257BA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2) repealed (with effect as mentioned in s. 32(4), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(1)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/1/b), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22300811]: Words in [s. 257BA(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/9) substituted (with effect as mentioned in [s. 32(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(1)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/1/c)
[^c23408791]: Words in [s. 257BA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/a)
[^c23409311]: Words in [s. 257BA(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/b/i)
[^c23409971]: Words in [s. 257BA(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/b/ii)
[^c23409991]: Words in [s. 257BA(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(c)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/c/i)
[^c23410011]: Words in [s. 257BA(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/b) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(c)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/c/ii)
[^c23410031]: Words in [s. 257BA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/a)
[^c23410051]: Words in [s. 257BA(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/b/i)
[^c23410071]: Words in [s. 257BA(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/b/ii)
[^c23410091]: Words in [s. 257BA(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(c)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/c/i)
[^c23410111]: Words in [s. 257BA(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2/b) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(c)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/c/ii)
[^c23410131]: Words in [s. 257BA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/a)
[^c23410151]: Words in [s. 257BA(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/b/i)
[^c23410181]: Words in [s. 257BA(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/b/ii)
[^c23410201]: Words in [s. 257BA(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(b)(iii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/b/iii)
[^c23410221]: Words in [s. 257BA(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/c)
[^c23410241]: Words in [s. 257BA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/4/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(5)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/5/a)
[^c23410261]: Words in [s. 257BA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/4/b) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(5)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/5/b)
[^c23410281]: Words in [s. 257BA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/5) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/6)
[^c23410301]: Words in [s. 257BA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/6) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(7)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/7/a)
[^c23410321]: Words in [s. 257BA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/6) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(7)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/7/b)
[^c23410341]: Words in [s. 257BA(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/9) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(8)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/8)
[^c22219341]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22181241]: [S. 257BB(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/b) and words substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/1)
[^c22181331]: [S. 257BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3/b) and words substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/2)
[^c22181351]: [S. 257BB(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3A) inserted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/3)
[^c22219501]: [S. 257BB(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/5) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c22181391]: [S. 257BB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/6) repealed (with effect as mentioned in s. 77(7) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/4), [Sch. 26 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/1), Note
[^c22732481]: Words in [s. 257BB(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/5/a) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/4)
[^c22732501]: Words in [s. 257BB(1)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/b/3/b) inserted (with effect in accordance with [s. 39(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 39(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/8)
[^c22732531]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c23410721]: Words in [s. 257BB(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(a)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/a/i)
[^c23410741]: Words in [s. 257BB(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(a)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/a/ii)
[^c23410781]: Words in [s. 257BB(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/b/i)
[^c23410801]: Words in [s. 257BB(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/b/ii)
[^c23410841]: Words in [s. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(c)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/c/i)
[^c23410861]: Words in [s. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(c)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/c/ii)
[^c23410921]: Words in [s. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(c)(iii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/c/iii)
[^c23410941]: Words in [s. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(c)(iv)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/c/iv)
[^c23410961]: Words in [s. 257BB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/2) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/3)
[^c23410981]: Words in [s. 257BB(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/a)
[^c23411001]: Words in [s. 257BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/b/i)
[^c23411021]: Words in [s. 257BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/b/ii)
[^c23411061]: Words in [s. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(c)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/c/i)
[^c23411081]: Words in [s. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(c)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/c/ii)
[^c23411101]: Words in [s. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(c)(iii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/c/iii)
[^c23411121]: Words in [s. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(c)(iv)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/c/iv)
[^c23411141]: Words in [s. 257BB(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/4) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/5)
[^c23411561]: Words in [s. 266A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/266A/3/b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [58](https://www.legislation.gov.uk/uksi/2005/3229/regulation/58)
[^c23411581]: Words in [s. 266A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/266A/3/b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [58](https://www.legislation.gov.uk/uksi/2005/3229/regulation/58)
[^c23411921]: [S. 257AB(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4/5) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(4)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/4) [S. 257AB(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4/5) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(4)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/4) [S. 257AB(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(5)](https://www.legislation.gov.uk/uksi/2008/673/article/2/5) [S. 257AB(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(d)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/d)
[^c23416691]: [S. 256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(2)](https://www.legislation.gov.uk/uksi/2008/673/article/2/2) [S. 256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(a)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/a)
[^c21586021]: Source-1970 s.25; 1971 s.33(5)
[^c22217671]: [S. 276(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/276/1A) inserted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 11](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/11)
[^c21586031]: Source-1970 s.26
[^c22219231]: Words in [s. 277(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/277/1) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22219241]: [S. 277(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/277/1/c) and preceding word repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22219261]: [S. 277(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/277/2) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21586041]: Source-1970 s.27(1), (2)
[^c21586051]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1990-91*and subsequent years.*
[^c21586061]: *See* British Nationality Act 1981 ss.37*and* 51(1)*for definition.*
[^c21586091]: *Repealed by* 1988(F) ss.31, 148*and* Sch.14 Part IV*for* 1990-91*and subsequent years.*
[^c21586101]: Source-1976 Sch.4 18(3)
[^c21586121]: Source-1970 s.27(3)-(5)
[^c22225611]: Words in [s. 278(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 21](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/21), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22753081]: Words in [s. 278(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/a) substituted (with effect in accordance with [s. 145(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 145(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/1)
[^c22753091]: [S. 278(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/9) added (with effect in accordance with [s. 145(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 145(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/2)
[^c22753111]: [S. 278(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2A) repealed (with effect in accordance with Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c23411621]: Words in [s. 278(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/e) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [60(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/60/1)
[^c21586081]: 1988(F) s.31*for* 1990-91*and subsequent years.*
[^c21586261]: 1988(F) s.35*and* Sch.3 para.11*for* 1990-91*and subsequent years. Previously* “Construction of references to married women living with their husbands.**282.**—(1) A married woman shall be treated for income tax purposes as living with her husband unless—(a) they are separated under an order of a court of competent jurisdiction, or by deed of separation, or (b) they are in fact separated in such circumstances that the separation is likely to be permanent (*See* 1988(F) s.40(3)—*application of* s.282(1)*to certain maintenance payments.*). (2) Where a married woman is living with her husband and either—(a) one of them is, and the other is not, resident in the United Kingdom for a year of assessment, or (b) both of them are resident in the United Kingdom for a year of assessment, but one of them is, and the other is not, absent from the United Kingdom throughout that year, the same consequences shall follow for income tax purposes as would have followed if, throughout that year of assessment, they had been in fact separated in such circumstances that the separation was likely to be permanent. (3) Where subsection (2) above applies and the net aggregate amount of income tax falling to be borne by the husband and the wife for the year is greater than it would have been but for that subsection, the Board shall cause such relief to be given (by the reduction of such assessments on the husband or the wife or the repayment of such tax paid, by deduction or otherwise, by the husband or the wife, as the Board may direct) as will reduce that net aggregate amount by the amount of the excess.”.
[^c21586271]: *See* 1979(C) s.155(2)—*capital gains*—*references to a married woman living with her husband to be construed in accordance with* s.282.
[^c21586281]: [S. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 288(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/3), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c23411641]: Words in [s. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [62(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/62/a)
[^c23408311]: Words in [s. 282A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 125](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/125) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23411741]: [S. 282A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/4A) inserted (with effect in accordance with [s. 91(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/91/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 91(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/91/2)
[^c23411681]: Words in [s. 282A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/2)
[^c23411701]: Words in [s. 282A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/3)
[^c23411721]: Words in [s. 282A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/3/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/4)
[^c23411761]: Words in [s. 282A(4A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/4A/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/5)
[^c23411781]: Words in [s. 282A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/5) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/6)
[^c23411801]: Words in [s. 282A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(7)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/7)
[^c23411821]: Words in [s. 282B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/282B/1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [64(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/64/2)
[^c23411841]: Words in [s. 282B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/282B/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [64(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/64/3)
[^c23411861]: Words in [s. 282B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/282B/5) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [64(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/64/4)
[^c22753501]: [S. 289](https://www.legislation.gov.uk/ukpga/1988/1/section/289) amended (as it has effect in relation to shares issued before 1st January 1994) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 68(1)(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/68/1/2)
[^c22753121]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22753511]: [S. 289(1)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/ba) inserted (with effect in accordance with [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/2/1)
[^c22753541]: [S. 289(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/aa) inserted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/1/1/b)
[^c22753591]: Word in [s. 289(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/6) inserted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/1/3)
[^c22753601]: Word in [s. 289(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/7) repealed (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/1/4), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14), Note 4
[^c22753671]: Words in [s. 289(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/7) substituted (with effect in accordance with [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/1)
[^c22753821]: Word at the end of s. 289(1)(ba) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753831]: [S. 289(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/c/d) substituted for s. 289(1)(c) (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 6(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/6/a)
[^c22753741]: Word at the end of s. 289(2)(a) inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 2(b)(i)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/2/b/i)
[^c22753781]: Word preceding s. 289(2)(c) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753761]: [S. 289(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/c) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 2(b)(ii)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/2/b/ii), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753851]: Words in [s. 289(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/3) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 6(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/6/b)
[^c22753791]: [S. 289(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/4/5) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 2(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/2/c), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c23404811]: Words in [s. 289(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/a) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23405701]: [S. 289(1)(aza)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/aza) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/b)
[^c23405721]: Words in [s. 289(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/aa) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/c)
[^c23405751]: Words in [s. 289(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/d)
[^c23405781]: [S. 289(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/c) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/e)
[^c23405811]: [S. 289(1A)-(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1A) substituted for s. 289(1A)-(1D) (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para 1(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/3)
[^c23405831]: Words in [s. 289(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/a)
[^c23405851]: Words in [s. 289(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a/i) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/b)
[^c23405871]: Words in [s. 289(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a/ii) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(c)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/c/i)
[^c23405891]: Words in [s. 289(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a/ii) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(c)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/c/ii)
[^c23405911]: Words in [s. 289(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a/ii) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(c)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/c/iii)
[^c23405931]: Words in [s. 289(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/d)
[^c23405951]: Words in [s. 289(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(e)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/e/i)
[^c23406061]: Words in [s. 289(2)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/b/i) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(e)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/e/ii)
[^c23406101]: Words in [s. 289(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/b/ii) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(e)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/e/iii)
[^c23406121]: Words in [s. 289(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/3/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/5)
[^c23406141]: [S. 289(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/3A) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/6)
[^c23406161]: [S. 289(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/8A) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/7)
[^c23406181]: [S. 289(9)-(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/9) substituted for s. 289(9) (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(8)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/8)
[^c21587471]: Source-1983 Sch.5 3; 1987 s.42(3)
[^c21587481]: *See* 1988(F) s.35*and* Sch.3 para.12(3)(b)*for application to husband and wife where amounts are subscribed in* 1990-91.
[^c22217801]: [S. 290(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/290/2) substituted (with effect as mentioned in s. 137(2), [Sch. 15 para. 3(2)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/3/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 3(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/3/1)
[^c23406461]: Words in [s. 290(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/290/2) substituted (with effect in accordance with [Sch. 18 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/4/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 4(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/4/1)
[^c22754191]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22777181]: Words in [s. 291(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/2) repealed (with effect in accordance with s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/6/2), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22777191]: [S. 291(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/3) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 6(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/6/3)
[^c22777211]: [S. 291(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/6) inserted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/6/4)
[^c22777251]: [S. 291(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/6) substituted (with effect in accordance with [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 2(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/2/b)
[^c22777271]: [S. 291(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/1/b) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/10)
[^c22777291]: [S. 291(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/6) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c21587661]: [S.292](https://www.legislation.gov.uk/ukpga/1988/1/section/292)*omitted by* 1988(F) Sch.4 para.5*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587671]: Source-1983 Sch.5 10A; 1986 Sch.9 12
[^c22211401]: Words in [s. 292(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/292/1) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 6(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/6/a)
[^c22211421]: Words in [s. 292(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/292/4/a) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 6(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/6/b)
[^c22211441]: [S. 292(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/292/5) inserted (1.5.1995) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 66(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/66/2)
[^c21587721]: [S.293(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4)*omitted by* 1988(F) Sch.4 para.6(2)*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587741]: *See* Insolvency (Northern Ireland) Order 1989 art.381(2)*and* Sch.9 para.59 (S.I.[1989 No.2405](https://www.legislation.gov.uk/ukcm/1989/2405)—*not reproduced*)*for change from a day to be appointed.*
[^c21587751]: Source-1983 Sch.5(4)-(7)
[^c21587761]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21587771]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21587781]: Subss.(9)-(11)*omitted by* 1988(F) Sch.4 para.6(2)*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c22245341]: [S. 293](https://www.legislation.gov.uk/ukpga/1988/1/section/293) applied (with effect in accordance with Sch. 13 para. 4(4) of the 1995 amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5B para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5B/paragraph/3/2/c) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/4/3))
[^c22205231]: [S. 293(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/1) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 4(7)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/4/7/a)
[^c22205301]: [S. 293(4)(9)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4/9) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 7(b)(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/7/b/e), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22205271]: [S. 293(8)(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/8/8A) substituted for s. 293(8) (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 4(7)(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/4/7/d)
[^c22246131]: [S. 292(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/292/8B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 66(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/66/3)
[^c22247311]: [S. 293(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/2/aa) substituted for s. 293(2)(b) (with effect as mentioned in [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/4/1)
[^c22247391]: [S. 293(3A)-(3F)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3A) inserted (with effect as mentioned in [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 4(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/4/2)
[^c22784391]: Words in [s. 293(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3C) subsituted for specified purposes (retrospectively) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 14](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/14)
[^c22247411]: Words in [s. 293(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3/b) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 9(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/9/1)
[^c22247471]: Words in [s. 293(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6/a) repealed (with effect as mentioned in Sch. 13 para. 9(6), Sch. 27 Pt. 3(14) Note 1 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 9(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/9/2), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22247431]: [S. 293(6A)-(6D)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6A) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 9(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/9/3)
[^c22247481]: [S. 293(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/7) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/9/4), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22784261]: [S. 293(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/8) excluded (with effect as mentioned in s. 74(3) of the 1998 amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5B para. 8(7)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5B/paragraph/8/7) (as inserted by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 34](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/34))
[^c22784271]: [S. 293(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4A/4B) inserted (with effect in accordance with [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/12) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 9(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/9/1)
[^c22784291]: [S. 293(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6/b) and preceding word repealed (with effect in accordance with Sch. 17 para. 12 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/10), [Sch. 40 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/5), Note 1
[^c22784311]: [S. 293(8)(8AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/8/8AA) substituted for s. 293(8) (with effect in accordance with [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/12) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/11)
[^c22784351]: [S. 293(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/1A/1B) inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 12(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/12/1)
[^c22784371]: Words in [s. 293(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/2) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 12(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/12/2), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22784411]: Words in [s. 293(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3B/b) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 4](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/4), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c23404501]: Words in [s. 293(4B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4B/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 17](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/17) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23406501]: Words in [s. 293(3C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3C/b) substituted (with effect in accordance with [Sch. 27 para. 4(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/2) (with [Sch. 27 para. 4(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/6))
[^c23406521]: Words in [s. 293(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4A) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/2/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23406541]: Word in [s. 293(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4A) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/2/b)
[^c23406561]: Words in [s. 293(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4A) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/2/c)
[^c23406581]: Word in [s. 293(4B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4B/b) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/3)
[^c23406601]: Words in [s. 293(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/5) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/4/a)
[^c23406621]: Words in [s. 293(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/5) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/4/b)
[^c23406641]: Words in [s. 293(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/5/a)
[^c23406661]: Words in [s. 293(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/5/b)
[^c23406681]: [S. 293(6ZA)-(6ZC)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6ZA) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/6)
[^c21587831]: [Ss.294-296](https://www.legislation.gov.uk/ukpga/1988/1/section/294)*omitted by* 1988(F) Sch.4 para. 70*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587841]: Source-1983 Sch.5 5A(1)-(9), 5B, 5C; 1986 Sch.9 1(2), (7)
[^c21587851]: 1988(F) s.52*in respect of valuations falling to be made on or after* 29*July* 1988.
[^c22217821]: Words in [s. 294(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/294/1) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/8)
[^c21587861]: [Ss.294-296](https://www.legislation.gov.uk/ukpga/1988/1/section/294)*omitted by* 1988(F) Sch.4 para.8*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587871]: Source-1983 Sch.5 5A(1)-(9), 5B, 5C; 1986 Sch.9 1(2), 7
[^c21587881]: [Ss.294-296](https://www.legislation.gov.uk/ukpga/1988/1/section/294)*omitted by* 1988(F) Sch.4 para.8*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587891]: Source-1983 Sch.5 5A(1)-(9), 5B, 5C; 1986 Sch.9 1(2), 7
[^c22217841]: [S. 296(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/296/6) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 9](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/9), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c21587901]: [Ss.297-298](https://www.legislation.gov.uk/ukpga/1988/1/section/297)*omitted by* 1988(F) Sch.4 para.8*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587911]: Source-1983 Sch.5 6(1)
[^c21587921]: Source-1983 Sch.5 6(2); 1986 Sch.9 8(2)
[^c21587951]: Source-1983 Sch.5 6(4); 1986 Sch.9 8(4); 1981 s.56(3), Sch.11
[^c21587981]: Source-1983 Sch.5 6(2B), (2C); 1984 s.37(2); 1986 Sch.9 8(3)
[^c21587991]: Source-1983 Sch.5 6(3)
[^c21868831]: Words in [s. 297(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/a) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 10(b)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/10/b/i)
[^c21868871]: Words in [s. 297(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/g) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 10(b)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/10/b/ii)
[^c21868811]: [S. 297(2)(h)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/h/j) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 10(b)(iii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/10/b/iii), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22557361]: Words in [s. 297(3)(c)(i)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/3/c/i/6) substituted (with effect as mentioned in [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/5)
[^c22557561]: Words in [s. 297(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/1) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/10), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22557391]: [S. 297(2)(fa)-(fe)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/fa) inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 1(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/1/1)
[^c22557501]: Word in [s. 297(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/g) substituted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 1(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/1/2)
[^c22557481]: [S. 297(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/3A) inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/1/3)
[^c22557751]: [S. 297(4)-(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/4) substituted for s. 297(4)(5) (with effect as mentioned in [Sch. 17 para. 13(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/13/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 13(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/13/1)
[^c22557791]: [S. 297(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/d) repealed (with effect as mentioned in Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 5(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/5/a), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22557801]: [S. 297(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/9) repealed (with effect as mentioned in Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 5(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/5/b), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22784421]: Words in [s. 297(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/5B) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22784431]: Words in [s. 297(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/5B) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23406701]: Words in [s. 297(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/6) substituted (with effect in accordance with [Sch. 27 para. 4(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 4(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/3) (with [Sch. 27 para. 4(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/6))
[^c21588011]: [Ss.297-298](https://www.legislation.gov.uk/ukpga/1988/1/section/297)*omitted by* 1988(F) Sch.4 para.8*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21588021]: Source-1981 s.56(8)-(10); 1983 Sch.5 5(9), 6(2), (3), 6(5)-(7); 1986 Sch.9 1(2), 8(4)
[^c21588041]: Source-1983 Sch.5 6(2B), (10); 1984 s.37(2); 1985 s.44(5); 1986 Sch.9 4
[^c22205351]: [S. 298(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/4) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 11(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/11/a)
[^c22205391]: [S. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5): definition of "property development" repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 11(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/11/b), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22205371]: Words in [s. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 11(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/11/c)
[^c22205401]: [S. 298(6)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/6) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 11(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/11/d), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22557981]: Words in [s. 298(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/1) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/11)
[^c22557831]: Words in [s. 298(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 70(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/70/2) (with [s. 70(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/70/4))
[^c22557921]: [S. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5): definition of "nursing home" inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/2/1)
[^c22557941]: [S. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5): definitions of "property development" and "residential care home" inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/2/2)
[^c22557961]: [S. 298(5A)-(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5A) inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 2(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/2/3)
[^c23406721]: [S. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5): definition of "oil rig" repealed (with effect in accordance with Sch. 27 para. 4(5) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 4(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/4), [Sch. 42 Pt. 2(19)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/19), Note 1 (with Sch. 27 para. 4(6))
[^c21588151]: [S. 299](https://www.legislation.gov.uk/ukpga/1988/1/section/299) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 150(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/150/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22219061]: [S. 299](https://www.legislation.gov.uk/ukpga/1988/1/section/299) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/12)
[^c22784451]: [S. 299](https://www.legislation.gov.uk/ukpga/1988/1/section/299) (as it has effect in relation to shares issued before 1st January 1994) amended (with effect as mentioned in [Sch. 13 para. 39(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/39/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 39(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/39/1/2); and s. 299 (as it applies to shares issued before 1st January 1994) further amended (with effect as mentioned in Sch. 9 paras. 7, 8(1) of the further amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/2)
[^c22267681]: Words in [s. 299(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/1) substituted (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/1/a)
[^c22267701]: Words in [s. 299(1)(a)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/1/a/b/ii) substituted (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/1/b)
[^c22267741]: Words in [s. 299(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/3) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/2/a)
[^c22267761]: Words in [s. 299(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/3) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/2/b)
[^c22267791]: Word in [s. 299(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/4) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/3/a)
[^c22267821]: Words in [s. 299(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/4) inserted (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/3/b)
[^c22267851]: [S. 299(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/5A) inserted (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/9) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/4)
[^c22267871]: [S. 299(6)-(6D)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/6) substituted for s. 299(6) (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/5)
[^c22267891]: [S. 299(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/7) repealed (with effect as mentioned in s. 74(3), Sch. 13 para. 12(8), Sch. 27 Pt. 3(14) Note 2 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/6), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22267911]: [S. 299(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/8/a) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/6), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22784491]: Words in [s. 299(6D)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/6D) (as s.299 applies to shares issued after 31.12.1993) substituted (with effect as mentioned in Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/2)
[^c22784511]: Words in [s. 299(6D)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/6D) (as s.299 applies to shares issued after 31.12.1993) substituted (with effect as mentioned in Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/2)
[^c21588261]: Source-1983 Sch.5 8(2); 1981 s.58(2)-(4); 1986 Sch.9 10(3)
[^c21588271]: Source-1983 Sch.5 8(3); 1983 (No.2) Sch.1 5
[^c22194741]: [S. 300(1)-(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1) substituted for s. 300(1) (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 14(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/14/a)
[^c22194761]: Words in [s. 300(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/2/c) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 14(b)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/14/b/i)
[^c22194781]: Words in [s. 300(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/2/h) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 14(b)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/14/b/ii)
[^c22301341]: [S. 300(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 13(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/13/1)
[^c22301361]: [S. 300(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1C) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 13(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/13/2)
[^c22301381]: [S. 300(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/6) inserted (with effect as mentioned in s. 74(3), [Sch. 13 para. 13(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/13/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 13(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/13/3)
[^c22784831]: Words in [s. 300(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/1)
[^c22784851]: Words in [s. 300(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/2)
[^c22784871]: [S. 300(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/3)
[^c22784891]: [S. 300(1BA)-(1BC)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1BA) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/4)
[^c22784911]: Words in [s. 300(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1C) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/5)
[^c22784931]: Words in [s. 300(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/4/a/5) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/6)
[^c23406741]: [S. 300(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/2/b) substituted (with effect in accordance with [Sch. 18 para. 6(2)(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/6/2/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 6(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/6/1)
[^c21588301]: Source-1981 s.58(6)-(9); 1983 Sch.5 8(2); 1986 Sch.9 10(3); 1987 Sch.15 14(2)
[^c22205451]: [S. 301(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/1/2) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 15(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/15/a), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22205431]: [S. 301(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/6A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 15(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/15/b)
[^c22205471]: [S. 301(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/7) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 15(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/15/c), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22301401]: [S. 301(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/4A) inserted (with effect as mentioned in s. 74(3), [Sch. 13 para. 14(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/14/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 14(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/14/1)
[^c22301421]: Words in [s. 301(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/5) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 14(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/14/2)
[^c22784961]: Words in [s. 301(4A)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/4A/5) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 17](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/17)
[^c21588321]: Source-1983 Sch.5 9; 1983 (No.2) Sch.1 6
[^c21588361]: *See* 1988(F) s.50*and* Sch.4 para.9(3)*for changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing.*
[^c21588371]: *Definition of* “trade” *omitted by* 1988(F) Sch.4 para.9(4)*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c22194701]: [S. 302(01)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/01) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/a)
[^c21588341]: *See* 1988(F) s.50*and* Sch.4 para.9(1), (2)*for changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing.*
[^c22194621]: Words in [s. 302(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/3) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/b)
[^c22194641]: [S. 302(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/4A/4B) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/c)
[^c22194661]: [S. 302(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/5): definition of "subsidiary" substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(d)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/d/i)
[^c22194681]: Words in [s. 302(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/5) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(d)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/d/ii)
[^c21588411]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21588421]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032)
[^c21871481]: [S. 303(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/6A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 17(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/17/c)
[^c21871521]: [S. 303(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/8) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 17(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/17/d), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c21871501]: [S. 303(9A)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A/9B) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 17(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/17/e)
[^c21871531]: [S. 303(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/10/11) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 17(f)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/17/f), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22301441]: [S. 303(1)(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1/1A)(2) substituted for s. 303(1)-(2) (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 15(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/15/1)
[^c22301481]: [S. 303(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A) substituted) (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 15(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/15/3)
[^c22785491]: [S. 303(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1AA) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/2/2/a)
[^c22785521]: [S. 303(1B)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1B/c) and preceding word inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/2/2/b)
[^c22301541]: Words in [s. 303(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/2) substituted (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/5/3)
[^c22301561]: [S. 300(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/2A) inserted (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 64](https://www.legislation.gov.uk/ukpga/2000/17/section/64), [Sch. 17 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/5/4)
[^c22785541]: Words in [s. 303(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/1)
[^c22785561]: Words in [s. 303(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1AA) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/2)
[^c22785581]: Words in [s. 303(1B)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1B/c) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/3/a)
[^c22785601]: Words in [s. 303(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1B) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/3/b)
[^c22785621]: Word in [s. 303(1C)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1C/a) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/4)
[^c22785641]: [S. 303(2A)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/2A/b/c) substituted for s. 303(2A)(b) (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/5)
[^c22785681]: [S. 303(3)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/3) repealed (with effect in accordance with Sch. 15 para. 40(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/6), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 2
[^c22785661]: Words in [s. 303(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(7)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/7)
[^c22785751]: Words in [s. 303(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A) repealed (with effect in accordance with Sch. 15 para. 40(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 2
[^c23406761]: Words in [s. 303(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A) substituted (with effect in accordance with [Sch. 18 para. 7(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/7/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 7(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/7/1)
[^c22218981]: [S. 304](https://www.legislation.gov.uk/ukpga/1988/1/section/304) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 18](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/18)
[^c22785821]: [S. 304(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/304/4) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 16(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/16/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 16(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/16/1); and see also the s. 304(7) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 40(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/40/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 paras. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/37), [40(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/40/1)
[^c23411941]: Words in [s. 304(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/304/1) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [65(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/65/b); and that same substitution of words is made in s. 304(5) (as s. 304 applies to shares issued on or before 31.12.1993) (5.12.2005) by reg. 65(a) of that amending S.I.
[^c22219001]: [S. 305](https://www.legislation.gov.uk/ukpga/1988/1/section/305) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 19](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/19)
[^c22785841]: [S. 305(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/305/5/6) inserted (with effect in accordance with ss. 66(1), 68(1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 66(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/66/4), [68(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/68/3)
[^c21588581]: Source-1983 Sch.5 13(1)-(9); 1981 s.61(6)
[^c21588601]: *See* 1988(F) s.50*and* Sch.4 para.10*for changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing.*
[^c21588621]: 1989 s.170(3)*in relation to things done or omitted on or after* 27*July* 1989.*Previously* “£250 or, in the case of fraud, £500.”.
[^c21588631]: Source-1983 Sch.5 13(10); 1986 Sch.9 1(2), 13
[^c22786741]: [S. 306(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1/b) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2)
[^c22219511]: [S. 306(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1/b) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c21871621]: [S. 306(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/3A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 21(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/21/b)
[^c21871641]: Words in [s. 306(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/8) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 21(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/21/c)
[^c21871691]: Words in [s. 306(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/10) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 21(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/21/d), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c21871671]: [S. 306(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/11) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 21(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/21/e)
[^c22786751]: [S. 306(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1/b) substituted (with effect in as mentioned in [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/7)
[^c22300841]: Words in [s. 306(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/2) substituted (with effect in as mentioned in [s. 134(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/22)
[^c22300951]: [S. 306](https://www.legislation.gov.uk/ukpga/1988/1/section/306) applied (with effect as mentioned in s. 74(3) of the 1998 amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5B para. 6](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5B/paragraph/6) (as substituted by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 33](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/33))
[^c22300861]: Words in [s. 306(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/1)
[^c22300881]: Words in [s. 306(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/2) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/2)
[^c22300901]: [S. 306(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/3) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/3)
[^c22300941]: Words in [s. 306(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/3A) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/4), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22300921]: [S. 306(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/4/5) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/5)
[^c22786761]: [S. 306(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1/a) substituted (with effect in accordance with [Sch. 15 para. 22(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/22/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 22(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/22/1)
[^c23404061]: Words in [s. 306(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/7) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 37](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/37) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21588711]: Source-1983 Sch.5 14(1), (1A); 1987 s.42(5)
[^c21588731]: 1989 s.149(4)(b)*but does not affect the making of assessments for years before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “fraud and wilful default) and section 37 of that Act (neglect.”.
[^c21588741]: Source-1981 s.62(6)(d); 1983 Sch.5 14(2)
[^c21588751]: Source-1981 s.62(6)(a)-(c); 1983 Sch.5 14(2); 1983 Sch.1 8; 1986 Sch.9 14
[^c21588761]: [S. 307(6)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/ca) inserted (27.7.1993 with application in relation to any case in which the claim for relief is made on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 111(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/111/3/4)
[^c21588771]: Source-1981 s.62(7)
[^c21588781]: Source-1983 Sch.5 5A(10); 1986 Sch.9 7
[^c22181841]: Words in [s. 307(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/a), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22181741]: [S. 307(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1A/1B/2) substituted for s. 307(2) (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/b)
[^c22181761]: Words in [s. 307(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/a) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(c)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/c/i)
[^c22181781]: [S. 307(6)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/aa) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(c)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/c/ii)
[^c22181801]: [S. 307(6)(cca)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/cca) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(c)(iii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/c/iii)
[^c22181821]: [S. 307(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/8A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/d)
[^c22184531]: [S. 307(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/9) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/e), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22300961]: Words in [s. 307(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6) substituted (with effect as mentioned in [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/5)
[^c22301001]: Words in [s. 307(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1A) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 20(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/20/1/b)
[^c22301021]: [S. 307(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1C) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/20/2)
[^c22301101]: Words in [s. 307(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/4) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 20(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/20/3)
[^c22786781]: Words in [s. 307(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/a) inserted (with effect as mentioned in [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/2)
[^c22301121]: Words in [s. 307(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/b) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 20(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/20/4)
[^c22301181]: Words in [s. 307(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1A) substituted (with effect as mentioned in [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 7(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/7/a)
[^c22301201]: Words in [s. 307(6)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/aa) substituted (with effect as mentioned in [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 7(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/7/b)
[^c23404081]: Words in [s. 307(6)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/a/i) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 38](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/38) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408371]: Words in [s. 307(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 127](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/127) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21588791]: Source-1983 Sch.5 17(1)-(10); 1986 Sch.9 18; 1987 Sch.15 15(2)
[^c22219021]: [S. 308(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/5A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 23(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/23/a)
[^c22219041]: [S. 308(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/6) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 23(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/23/b), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22301221]: [S. 308(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/1/b) and preceding word repealed (with effect as mentioned in Sch. 8 para. 1 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 6(a)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/6/a), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6), Note
[^c23406881]: Words in [s. 308(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/1) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23406901]: [S. 308(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/2/a) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/b/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407041]: [S. 308(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/2/ca) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/b/ii)
[^c23407061]: Words in [s. 308(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/2/e) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(b)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/b/iii)
[^c23407081]: Words in [s. 308(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/c)
[^c23406941]: Words in [s. 308(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3/a) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(d)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/d/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407101]: Words in [s. 308(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(d)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/d/ii)
[^c23406981]: [S. 308(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3/b) and preceding word repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/e), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407121]: [S. 308(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3A) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(f)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/f)
[^c23407141]: Words in [s. 308(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/4) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(g)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/g/i)
[^c23406991]: Words in [s. 308(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/4) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(g)(ii)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/g/ii/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407161]: Words in [s. 308(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/4) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(g)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/g/iv)
[^c23407181]: Words in [s. 308(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/4) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(g)(v)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/g/v)
[^c23407021]: [S. 308(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/5) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(h)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/h), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407201]: [S. 308(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/5B) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/i)
[^c21588931]: Source-1983 Sch.5 15(1), (2)
[^c21588951]: Source-1983 Sch.5 15A(1); 1986 Sch.9 15
[^c21588961]: Source-1983 Sch.5 15(3), 15A(2); 1986 Sch.9 15
[^c21588971]: Source-1983 Sch.5 15(4), (5), 18(4); 1986 Sch.9 19(2)
[^c21588981]: Source-1981 s.63(7)-(9); 1983 Sch.5 15(6)
[^c22787451]: [S. 310(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/10/11) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 25(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/25/e), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22787461]: Words in [s. 310(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/1) substituted (with effect in accordance with s. 74(3), [Sch. 13 para. 22(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/1)
[^c22787481]: Words in [s. 310(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2) substituted (with effect in accordance with s. 74(3), [Sch. 13 para. 22(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/2/a)
[^c22787541]: Words in [s. 310(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2) repealed (with effect in accordance with s. 74(3), Sch. 13 para. 22(5), Sch. 27 Pt. 14 Note 1 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/2/b), [Sch. 27 Pt. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/14)
[^c22787561]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) inserted (with effect in accordance with [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/3)
[^c22787581]: [S. 310(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6) substituted (with effect in accordance with [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/4)
[^c22787501]: Words in [s. 310(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/7) substituted (with effect in accordance with s. 74(3), [Sch. 13 para. 22(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/3)
[^c22787521]: [S. 310(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/9A) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 22(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/4)
[^c22787601]: Words in [s. 310(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/1) inserted (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/1)
[^c22787701]: Words in [s. 310(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 8](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/8)
[^c22787621]: Words in [s. 310(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2) inserted (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/2)
[^c22787641]: [S. 310(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2A) inserted (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/3)
[^c22787661]: Word in [s. 310(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/4) inserted (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/4)
[^c22787681]: [S. 310(4)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/4/b/c) and words substituted for words in s. 310(4) (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/4)
[^c23488331]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 25(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/25/c)
[^c23407251]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) substituted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/a/i)
[^c23407271]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) substituted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/a/ii)
[^c23407291]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) substituted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(a)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/a/iii)
[^c23407311]: Words in [s. 310(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6/a) inserted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/b/i)
[^c23407331]: [S. 310(6)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6/aa) inserted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/b/ii)
[^c23407371]: Words in [s. 310(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6/c) inserted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(b)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/b/iii)
[^c23407351]: [S. 310(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6A) inserted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/c)
[^c21589011]: Source-1983 Sch.5 19(1)
[^c21589021]: Source-1983 Sch.5 19A; 1986 Sch.9 20
[^c21589031]: 1988(F) s.53*in respect of funds closing after* 15*March* 1988.
[^c22219271]: Words in [s. 311(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/311/2) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 26(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/26/a)
[^c22219291]: Words in [s. 311(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/311/2B) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 26(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/26/b)
[^c22787781]: Words in [s. 311(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/311/4) substituted (with effect in accordance with [s. 134(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/23)
[^c21589141]: Source-1981 s.67; 1983 Sch.5 20(1), (2); 1985 s.44(6); 1986 Sch.9 21(1), (2)
[^c21589151]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21589201]: Source-1981 s.67(2)-(4); 1983 Sch.5 20(1)
[^c21589211]: Words in [s. 312(3)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/3/5/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(18)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/18) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22184741]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in definition of "control" substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/i)
[^c22184791]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions of "eligible for relief" and "eligible shares" inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/ii)
[^c22194591]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions of "fixed-rate preference share capital" and "the relevant period" repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(iii)(iv)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/iii/iv), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22194441]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions of "relief", "subsidiary" and "51 per cent. subsidiary" substituted for "the relief" and "relief" (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(v)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/v)
[^c22194461]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "unquoted company" substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(vi)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/vi)
[^c22194481]: [S. 312(1A)-(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/b)
[^c22194521]: [S. 312(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/4/5) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/d)
[^c22299681]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "new consideration" repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/1/a), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22299571]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions of "relief", "research and development" and "the seven year period" substituted for definitions of "research and development" and "relief" (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/1/b)
[^c22299701]: Words in [s. 312(1B)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1B/c) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/3), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22299591]: Words in [s. 312(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/2) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/4)
[^c22299631]: [S. 312(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/4A/4B) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/5)
[^c22300451]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "arrangements" inserted (with effect as mentioned in [Sch. 17 para. 14(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/14/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 14(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/14/1/a)
[^c22300471]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in definition of "control" inserted (with effect as mentioned in [Sch. 17 para. 14(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/14/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 14(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/14/1/b)
[^c22299711]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "the designated period" inserted (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/6/2)
[^c22788461]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "research and development" substituted (with effect as mentioned in [Sch. 17 para. 15(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/15/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 15(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/15/1) (with [Sch. 15 para. 15(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/15/3))
[^c22300531]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "the seven year period" repealed (with effect as mentioned in Sch. 17 para. 8 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/5), Note 4
[^c22299731]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "termination date" substituted for word (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 6(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/6/3)
[^c22299751]: [S. 312(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1A) substituted (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/6/4)
[^c22300431]: [S. 312(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/2A) inserted (with effect as mentioned in [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/12) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/9/4)
[^c22300511]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c22300521]: [S.I. 1989/2405 (N.I. 19)](https://www.legislation.gov.uk/nisi/1989/2405).
[^c22788551]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22788531]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "the period of restriction" inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/24)
[^c22788491]: Words in [s. 312(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1E) inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 13(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/13/a)
[^c22788511]: Words in [s. 312(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1E) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 13(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/13/b)
[^c22788671]: [S. 312(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/7/8) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22788681]: Words in [s. 312(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/3) substituted (with effect in accordance with Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/3)
[^c23404521]: [S. 312(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/2A/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 18](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/18) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23407391]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "bonus shares" inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/a)
[^c23407411]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in definition of "control" inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/b)
[^c23407451]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "qualifying 90% subsidiary" inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/c)
[^c23407471]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in para. (a) of definition of "termination date" substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(d)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/d/i)
[^c23407491]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in para. (a) of definition of "termination date" substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(d)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/d/ii)
[^c23407511]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in para. (b) of definition of "termination date" substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(d)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/d/iii)
[^c23407531]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in definition of "termination date" substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(d)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/d/iv)
[^c23407551]: [S. 312(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1ZA) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/3)
[^c23407571]: [S. 312(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/2A) applied by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 5 para. 11(10)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/5/paragraph/11/10) (as inserted (with effect in accordance with s. 96(6) of the 2004 amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 96(4)(f)](https://www.legislation.gov.uk/ukpga/2004/12/section/96/4/f))
[^c22219111]: Words in [s. 299A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/299A/1) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 13(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/13/a)
[^c22219131]: [S. 299A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/299A/3) Inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 13(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/13/b)
[^c22754231]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) applied (with effect in accordance with Sch. 13 para. 4(4) of the 1995 amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5B para. 6(4)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5B/paragraph/6/4) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/4/3))
[^c22753871]: Words in [s. 289A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/4) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/2)
[^c22753891]: [S. 289A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8A) inserted (with effect in accordance with [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/12) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/9/3)
[^c22753911]: Word after s. 289A(7)(a) inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 3(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/3/a)
[^c22753951]: Word preceding s. 289A(7)(c) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753931]: [S. 289A(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/c) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 3(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/3/b), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753961]: [S. 289A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/9) repealed (with effect in accordance with Sch. 15 para. 9(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 9(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/9/1), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 1
[^c23398011]: [S. 289A(5)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/5/ca) inserted (with effect in accordance with [s. 57(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/4/b) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 17 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/17/paragraph/2); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23404481]: Words in [s. 289A(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8A/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 16](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/16) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23406201]: Words in [s. 289A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/6) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/2)
[^c23406221]: Words in [s. 289A(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/3/a/i)
[^c23406241]: Words in [s. 289A(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/3/a/ii)
[^c23406261]: Words in [s. 289A(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/3/b/i)
[^c23406281]: Words in [s. 289A(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/3/b/ii)
[^c23406301]: [S. 289A(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/a)
[^c23406321]: Words in [s. 289A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/b) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/b/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23406341]: Words in [s. 289A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/b/ii)
[^c23406361]: Words in [s. 289A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(b)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/b/iii)
[^c23406381]: Words in [s. 289A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(b)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/b/iv)
[^c23406401]: Words in [s. 289A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/c)
[^c23406421]: Words in [s. 289A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8A) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/5/a)
[^c23406441]: Word in [s. 289A(8A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8A/b) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/5/b)
[^c22753971]: Words in [s. 289B(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/3/b) substituted (with effect in accordance with [Sch. 13 para. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/1)
[^c22753991]: [S. 289B(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/3A) inserted (with effect in accordance with [Sch. 13 para. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/2)
[^c22754011]: [S. 289B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/4) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/3)
[^c22754031]: Words in [s. 289B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/5) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/4)
[^c23488201]: Words in [s. 289B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/4) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/3)
[^c22784061]: [S. 291A(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/5/b/ii) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/7/2/a)
[^c22784081]: Words in [s. 291A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/5) repealed (with effect in accordance with s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/7/2/b), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22784161]: Word in [s. 291A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/5/c) substituted (with effect in accordance with [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/3/3/a)
[^c22784121]: [S. 291A(5)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/5/c/ii) and preceding word inserted (with effect in accordance with [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/3/3/b)
[^c22784201]: Words in [s. 291A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/1/a) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 11](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/11)
[^c23408331]: Words in [s. 291A(3)(f)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/3/f/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 126(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/126/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408351]: Words in [s. 291A(3)(f)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/3/f/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 126(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/126/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22784221]: [S. 291B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/291B/5A) inserted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 8(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/8/1)
[^c22784241]: [S. 291B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/291B/6) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 8(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/8/2)
[^c22785861]: Words in [s. 305A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/305A/2) substituted (with effect in accordance with s. 74(3), [Sch. 13 para. 18(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/18/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 18(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/18/1)
[^c22784821]: [S. 299B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/299B/7) repealed (with effect in accordance with Sch. 17 para. 14(2)(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/5), Note 3
[^c22785761]: [S. 303A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/303A/2) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 21(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/21/a)
[^c22785801]: [S. 303A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/303A/8) repealed (with effect in accordance with Sch. 15 para. 40(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 21(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/21/b), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 2
[^c22785781]: Words in [s. 303A(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/303A/9/a) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 21(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/21/c)
[^c23406781]: [S. 303A(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/303A/6/a) repealed (with effect in accordance with Sch. 18 para. 8(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 8(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/8/1), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 1
[^c21589401]: Source-1970 s.372
[^c21589411]: [1964 c. 81](https://www.legislation.gov.uk/ukpga/1964/81).
[^c21589421]: *The countries mentioned in the* British Nationality Act 1981 Sch.3 (*as amended*)*are*—*Countries whose citizens are Commonwealth citizens*Antigua and Barbuda, Australia, The Bahamas, Bangladesh, Barbados, Belize, Botswana, Brunei, Canada, Republic of Cyprus, Dominica, Fiji, The Gambia, Ghana, Grenada, Guyana, India, Jamaica, Kenya, Kiribati, Lesotho, Malawi, Malaysia, Maldives, Malta, Mauritius, Nauru, New Zealand, Nigeria, Papua New Guinea, Saint Christopher and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Seychelles, Sierra Leone, Singapore, Solomon Islands, Sri Lanka, Swaziland, Tanzania, Tonga, Trinidad and Tobago, Tuvalu, Uganda, Vanuatu, Western Samoa, Zambia, Zimbabwe.
[^c21589431]: [1981 c. 81](https://www.legislation.gov.uk/ukpga/1981/81).
[^c21589491]: Source-1970 s.367
[^c21589511]: [1952 c. 67](https://www.legislation.gov.uk/ukpga/1952/67).
[^c21589531]: *For orders see* Part III Vol.5*under* “Securities”.
[^c23398281]: [S. 323(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404161]: Words in [s. 323(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404181]: Words in [s. 323(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(4)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404201]: Words in [s. 323(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(4)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404221]: Words in [s. 323(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/4) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(4)(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/4/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404241]: Words in [s. 323(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/5) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398161]: [S. 323(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/6/b) and preceding word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(6)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/6), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398171]: [S. 323(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/7) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(7)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/7), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408071]: Words in [s. 332A](https://www.legislation.gov.uk/ukpga/1988/1/section/332A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 140](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/140), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22790971]: [1997 c. 58](https://www.legislation.gov.uk/ukpga/1997/58).
[^c23407711]: [S. 333B(1)(5)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/1/5) modified (6.4.2005) by [Child Trust Funds Act 2004 (c. 6)](https://www.legislation.gov.uk/ukpga/2004/6), [ss. 14](https://www.legislation.gov.uk/ukpga/2004/6/section/14), [27](https://www.legislation.gov.uk/ukpga/2004/6/section/27); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2](https://www.legislation.gov.uk/uksi/2004/3369/article/2)
[^c22791261]: Words in [s. 333B(1)(2)(b)(3)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/1/2/b/3/9) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/a)
[^c22791241]: [S. 333B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/9): definition of "insurance company" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 22](https://www.legislation.gov.uk/uksi/2001/3629/article/22)
[^c23408441]: Words in [s. 333B(1)(2)(b)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/1/2/b/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408481]: Words in [s. 333B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408501]: Words in [s. 333B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408521]: Words in [s. 333B(5)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/5/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408551]: Words in [s. 333B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408571]: [S. 333B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/9): definition of "plan business" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408111]: [S. 333B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/9): definition of "section 333 business" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/6/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21590051]: Source-1970 s.50
[^c21590081]: Source-1970 s.51
[^c21590091]: *See* 1979(C) s.18(3)—*corresponding provision for capital gains.*
[^c21590101]: [S. 336(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/3) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 208(1)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/208/1/4)
[^c23404331]: Words in [s. 336(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 48(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/48/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404351]: [S. 336(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 48(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/48/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23407591]: Words in [s. 336(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/2) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 17 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/17/paragraph/10/2)
[^c23408591]: [S. 336(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 144](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/144) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21590871]: Source-1986 s.29(1), (2)
[^c21590921]: 1990 s.26(4)*in relation to payments made on or after* 1*October* 1990.
[^c21590941]: *Repealed by* 1990 ss.27(2)*and* 132*and* Sch.19 Part IV*in relation to accounting periods ending on or after* 1*October* 1990.
[^c21590971]: 1990 s.26(5)*in relation to payments made on or after* 1*October* 1990.
[^c21590991]: *See* 1990 s.94*re production of books etc. in respect of repayment claims in respect of payments made on or after* 1*October* 1990.
[^c21591001]: Source-1981 s.49; 1983 s.46(3); 1986 s.29(6)
[^c21591011]: 1989 s.60(2)*in respect of payments due on or after* 14*March* 1989.*Previously* “the Trustees of the National Heritage Memorial Fund and the Historic Buildings and Monuments Commission for England and, additionally, in subsections (1) to (5) above includes the Trustees of the British Museum, the Trustees of the British Museum (Natural History) and”.
[^c22736831]: [S. 337(7AA)-(7AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/7AA) inserted (with effect in accordance with [s. 64(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/64/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 64(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/64/1)
[^c22737041]: [S. 339(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1/a) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/2)
[^c22737061]: [S. 339(2)(3)(3A)(3F)(6)(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/2/3/3A/3F/6/7/8) repealed (with effect in accordance with s. 40(11) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/3), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 2
[^c22737161]: Words in [s. 339(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3B/b) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/4)
[^c22737181]: [S. 339(3DA)-(3DD)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3DA) inserted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/5)
[^c22737221]: [S. 339(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/4) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/6)
[^c22737201]: [S. 339(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/7AA) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(7)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/7)
[^c22737141]: Words in [s. 339(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/9) repealed (with effect in accordance with s. 40(11) of the repealing Act) by [Finance Act 2000 (c.17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/8), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 2
[^c21591081]: Source-1970 s.245(1)
[^c21591091]: Source-1970 s.245(2), (3); 1974 s.37(1)
[^c21591101]: Source-1970 s.245(4)-(6)
[^c21591111]: Source-1970 s.245(7)-(9); 1974 s.37(1)
[^c22736651]: Words in [s. 342(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/5) substituted (with effect in accordance with [Sch. 24 para. 12(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 24 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/8/1), [9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/9), [12(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736671]: Words in [s. 342(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/6) substituted (with effect in accordance with [Sch. 24 para. 12(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 24 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/8/1), [9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/9), [12(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736901]: Words in [s. 342(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/2) inserted (with effect in accordance with [Sch. 4 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736921]: [S. 342(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/3A) inserted (with effect in accordance with [Sch. 4 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 6(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736691]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para 12(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/12/2) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22736071]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 20(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/20/8)
[^c21591341]: Source-1970 s.252(1)
[^c21591351]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (16.7.1992) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 152B(10)(e)](https://www.legislation.gov.uk/ukpga/1990/1/section/152B/10/e) (as inserted (16.7.1992) by [Finance Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 67](https://www.legislation.gov.uk/ukpga/1992/48/section/67)).
[^c21591361]: Source-1970 s.252(2), (2A); 1971 Sch.8 16(5); 1986 s.56(7), Sch.13 2; 1987 (No.2) s.64(2)
[^c22736091]: [S. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 15(1)(a)(7)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15/1/a/7)
[^c21591371]: Source-1970 s.252(3)-(7)
[^c21591381]: Words in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/1/a), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21591391]: Words in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch 15 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/1/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21591401]: Word in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) repealed (with effect in relation to accounting periods ending after the day appointed for the purposes of s. 10 of [1988 c. 1](https://www.legislation.gov.uk/ukpga/1988/1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) and omitted (27.7.1993) by virtue of s. 120, Sch. 14 para. 8(2)
[^c21591411]: Source-1970 s.252(3A); 1986 s.42(2), (3), Sch.10 1(2)
[^c21591421]: Source-1970 s.252(4)-(7)
[^c21591431]: [S. 343(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/6) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3)(-(5), 123, Sch. 15 para. 7(2), Sch. 19 Pt. V, Note 4
[^c21591441]: Words in [s. 343(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/7) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/3/a), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21591451]: Words in [s. 343(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/7) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/3/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21591461]: Source-1970 s.252(8); 1986 Sch.10 1(3)
[^c21591471]: Source-1970 s.252(9), (10)
[^c21591481]: Source-1986 s.42(2), (3)
[^c22737461]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 3 paras. 4(8)(a)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/3/paragraph/4/8/a), [5](https://www.legislation.gov.uk/ukpga/1999/29/schedule/3/paragraph/5); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c22736871]: [S. 343(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/4A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58) s. 39(7)
[^c23426441]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) applied (with modifications) (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 paras. 16](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/16), [17](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/17) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23426461]: [S. 343(3)(4A)(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3/4A/7)(11) applied (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 para. 2(1)(3)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/2/1/3) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c22737271]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (with effect in accordance with s. 579 of the excluding Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 561(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/561/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22755311]: Words in [s. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 26](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/26) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21591491]: Source-1970 s.253; 1986 s.42, Sch.10 2
[^c23426631]: Words in [s. 344(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/344/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [66](https://www.legislation.gov.uk/uksi/2005/3229/regulation/66)
[^c23426561]: Words in [s. 337(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/1) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 145(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/145/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426571]: Words in [s. 337(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/2) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 145(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/145/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426481]: [S. 338](https://www.legislation.gov.uk/ukpga/1988/1/section/338) restricted (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/2004/20/schedule/4/paragraph/3); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23426581]: [S. 338A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/338A/2/a) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/2), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23488671]: [S. 338A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/338A/4) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c22743431]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) applied (with modifications) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1/2)
[^c22749791]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) applied (with effect in accordance with s. 36(8) of the affecting Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/7)
[^c22744811]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), 149
[^c22744421]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) applied (with effect and application in accordance with s. 74 of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/4/1)
[^c22749931]: [S. 347A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/2/b) repealed (with effect in accordance with s. 41(9) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 41(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/2), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 3
[^c22749961]: [S. 347A(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/7/8) repealed (with effect in accordance with s. 41(9) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 41(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/2), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 3
[^c23510621]: [Ss. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A), [347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 36(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/36/1/3)
[^c23427811]: Words in [s. 347A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/1/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427831]: Words in [s. 347A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427851]: Words in [s. 347A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427871]: [S. 347A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427891]: [S. 347A(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/4/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427921]: Words in [s. 347A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21591791]: Words in [s. 347B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1/a) substituted (16.7.1992 with effect for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 61](https://www.legislation.gov.uk/ukpga/1992/48/section/61).
[^c21591801]: Words in [s. 347B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1/a) substituted (1.4.1991) by [Contracts (Applicable Law) Act 1990 (c. 36, SIF 30)](https://www.legislation.gov.uk/ukpga/1990/36), [s. 5](https://www.legislation.gov.uk/ukpga/1990/36/section/5), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/1990/36/schedule/4/paragraph/6); [S.I. 1991/707](https://www.legislation.gov.uk/uksi/1991/707), [art. 2](https://www.legislation.gov.uk/uksi/1991/707/article/2)
[^c21591821]: 1988(F) s.35*and* Sch.3 para.13*for* 1990-91*and subsequent years. Previously* “of the difference between the higher (married person's) relief and the lower (single person's) relief under subsection (1) of section 257 as it applies for the year to a person not falling within subsection (2) or (3) of that section”.
[^c21591831]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21591841]: [S. 347B(8)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/8) inserted (6.4.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 62(1)](https://www.legislation.gov.uk/ukpga/1992/48/section/62/1); [S.I. 1992/2642](https://www.legislation.gov.uk/uksi/1992/2642), [art.2](https://www.legislation.gov.uk/uksi/1992/2642/article/2).
[^c22747721]: Words in [s. 347B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/2) repealed (with effect in accordance with s. 79(1), Sch. 26 Pt. 5(1) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/3/a), [Sch. 26 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/1)
[^c22747741]: Words in [s. 347B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/2) substituted (with effect in accordance with [s. 79(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/3/b)
[^c22747761]: Words in [s. 347B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/3) substituted (with effect in accordance with [s. 79(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/4)
[^c22747801]: [S. 347B(5A)(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/5A/5B) inserted (with effect in accordance with [s. 79(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/6)
[^c22746201]: [S. 347B(12)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/12/b) substituted (7.10.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2), [Sch. 2 para. 15(2)](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/15/2); SI 1996/2208, art. 2(b)
[^c22746231]: [S. 347B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/13) inserted (7.10.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2), [Sch. 2 para. 15(3)](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/15/3); SI 1996/2208, art. 2(b)
[^c22747861]: Words in [s. 347B(5A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/5A/a) substituted (with effect in accordance with s. 27(1 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 27(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/27/1/b)
[^c22747841]: Words in [s. 347B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/5A) repealed (with effect in accordance with Sch. 27 Pt. 3(1) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/1)
[^c22749621]: [S. 347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) modified (with effect in accordance with [s. 79(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(3)-(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/3)
[^c22749501]: Words in [s. 347B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1) inserted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/1)
[^c22749521]: [S. 347B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1A) inserted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/2)
[^c22749541]: Words in [s. 347B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/2) substituted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/3)
[^c22749561]: Words in [s. 347B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/3) substituted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/36/section/36/8) of the amending Act) by [Finance Act 1999 (c. 36)](https://www.legislation.gov.uk/ukpga/1999/36), [s. 36(4)](https://www.legislation.gov.uk/ukpga/1999/36/section/36/4)
[^c22749681]: [S. 347B(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/4/5) repealed (with effect in accordance with Sch. 20 Pt. 3(6) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/6)
[^c22749581]: Words in [s. 347B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/5A) substituted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/5)
[^c22749601]: Words in [s. 347B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/8) substituted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/6)
[^c23427461]: Words in [s. 347B(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/11) repealed (N.I.) (3.3.2003 for specified purposes) by [Child Support, Pensions and Social Security Act (Northern Ireland) 2000 (c. 4)](https://www.legislation.gov.uk/nia/2000/4), [ss. 67](https://www.legislation.gov.uk/nia/2000/4/section/67), [68(1)(2)](https://www.legislation.gov.uk/nia/2000/4/section/68/1/2), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/nia/2000/4/schedule/9/part/1); [S.R. 2003/53](https://www.legislation.gov.uk/nisr/2003/53), [art. 3](https://www.legislation.gov.uk/nisr/2003/53/article/3), [Sch.](https://www.legislation.gov.uk/nisr/2003/53/schedule)
[^c23501461]: [Ss. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A), [347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 36(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/36/1/3)
[^c23436671]: [S. 347B(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1/b) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/2/a)
[^c23436691]: [S. 347B(1)(c)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1/c/i/ii) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/2/b)
[^c23436711]: [S. 347B(1A)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1A/a/b) substituted for words in s. 347B(1A) (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/3)
[^c23436761]: [S. 347B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/7); definition of "child" inserted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/4/b)
[^c23436731]: [S. 347B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/7); definition of "child of the family" omitted (with effect in accordance with reg. 1(5) of the repealing S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/4/a)
[^c23436811]: [S. 347B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/7); definition of "relevant child" inserted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(4)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/4/c)
[^c23436831]: Words in [s. 347B(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/9/a) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(5)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/5/a)
[^c23436851]: Words in [s. 347B(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/9/b) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(5)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/5/b)
[^c23436871]: Words in [s. 347B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/9) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(5)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/5/c)
[^c23436901]: Words in [s. 347B(12)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/12/a) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(6)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/6/a)
[^c23436561]: Words in [s. 347B(12)(b)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/12/b/i/ii) substituted (5.12.2005 with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(6)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/6/b)
[^c23436961]: Words in [s. 347B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/12) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(6)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/6/c)
[^c21591851]: Source-1970 s.52; 1971 Sch.6 20(c); 1973 s.17(1)
[^c21591861]: *See also*1970(M) s.90—*interest on unpaid tax.*1970(M) s.106—*avoidance of agreements for payment without deduction of tax.*1989 s.94*and* Sch.11 para.18—*deep gain securities.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1970 No.448](https://www.legislation.gov.uk/ukcm/1970/448) (in Part III Vol.5) regns. 2-11—*procedure for payment without deduction of tax of income exempt under double taxation arrangements.*
[^c21591871]: Source-1970 s.65(2)
[^c21591881]: *Words repealed by* 1988(F) Sch.14 Part IV—*in respect of payments made on or after* 6*April* 1989.
[^c22740091]: [S. 348(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/2/b) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c22741511]: Words in [s. 348(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/3) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c22741531]: Words in [s. 348(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/3) inserted (with effect in accordance with [s. 41(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 41(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/3)
[^c22741551]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c23427501]: Words in [s. 348(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 50(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/50/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427521]: [S. 348(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 50(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/50/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427941]: [S. 348(1A)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/1A/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 147(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/147/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427961]: [S. 348(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 147(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/147/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22737841]: [S. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) excluded (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 174](https://www.legislation.gov.uk/ukpga/1994/9/section/174)
[^c21592281]: *See* S.I. [1986 No.482](https://www.legislation.gov.uk/ukcm/1986/482) (in Part III Vol.5) regn. 2(2)—*application of* s.349(1)*for the purposes of* S.I. [1986 No.482](https://www.legislation.gov.uk/ukcm/1986/482) (*Building Society Regulations*).
[^c21592291]: Source-1970 s.53(1); 1973 s.17(1); 1971 Sch.6 21
[^c21592301]: *See* S.I. [1986 No.482](https://www.legislation.gov.uk/ukcm/1986/482) (in Part III Vol.5) regn. 2(2)—*application of* s.349(1)*for the purposes of* S.I. [1986 No.482](https://www.legislation.gov.uk/ukcm/1986/482) (*Building Society Regulations*).
[^c21592311]: Source-1970 s.54(1), (2); 1971 Sch.6 22; 1982 s.26(1); 1984 ss.27(2), 35(1); 1970 s.65(2)
[^c21592321]: Words in [s. 349(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/2/a) inserted (25.7.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 1(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/1/2)
[^c21592331]: *See*—1970(M) s.106—*avoidance of agreements for payment without deduction of tax, etc.*1989 s.94*and* Sch.11 para.18—*deep gain securities.*1989 s.116—*certain interest on Eurobonds to Netherlands Antilles subsidiaries made on or after* 1*April* 1989.
[^c21592341]: *Words* “or 479(1)” *repealed by* 1990 s.132*and* Sch.19 Part.IV.
[^c21592351]: [S. 349(3)(e)-(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/e) and the word "or" inserted (26.7.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 30](https://www.legislation.gov.uk/ukpga/1990/29/section/30), [Sch. 5 para. 10(2)(4)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/10/2/4) (for payments made on or after 6th April 1991).
[^c21592361]: [S. 349(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/e) (which was inserted 26.7.1990 by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 30](https://www.legislation.gov.uk/ukpga/1990/29/section/30), [Sch. 5 para. 10(2)(4)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/10/2/4)) repealed (25.7.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 11 para. 1(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/1/3), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V)
[^c21592371]: Word in [s. 349(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3), at the end of para. (g), inserted (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.59](https://www.legislation.gov.uk/ukpga/1993/34/section/59)
[^c21592381]: [S. 349(3)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/h) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 59](https://www.legislation.gov.uk/ukpga/1993/34/section/59)
[^c21592391]: *Words repealed by* 1988(F) s.148*and* Sch.14 Part IV*for payments made on or after* 6*April* 1989.
[^c21592401]: [S. 349(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3A/3B) inserted (25.7.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 1(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/1/4).
[^c21592411]: Words in [s. 349(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3A/a) inserted (with application in relation to arrangements made after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6).
[^c21592421]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4) inserted (26.7.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 30](https://www.legislation.gov.uk/ukpga/1990/29/section/30), [Sch. 5 para. 10(3)(4)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/10/3/4) (for payments made on or after 6th April 1991).
[^c21592431]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definitions of "qualifying certificate of deposit" and "security" substituted for words in s. 349(4) (25.7.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 1(5)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/1/5)
[^c21592451]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "qualifying deposit right" inserted (with application in relation to arrangements made after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c22739561]: Words in [s. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 18](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/18) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22739691]: [S. 349(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/a) applied (with modifications) (29.4.1996) by [The European Investment Bank (Designated International Organisation) Order 1996 (S.I. 1996/1179)](https://www.legislation.gov.uk/uksi/1996/1179), [art. 4](https://www.legislation.gov.uk/uksi/1996/1179/article/4)
[^c22739581]: Words in [s. 349(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/a) substituted (with application in accordance with [Sch. 37 para. 8(1)-(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/8/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 3(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/3/a)
[^c22739651]: [S. 349(3)(b)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/b/3AA) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 8(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/8/8)
[^c22739601]: Words in [s. 349(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/b) substituted (with application in accordance with [Sch. 37 para. 8(7)(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/8/7/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 3(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/3/b)
[^c22739751]: [S. 349(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/e) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 29 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/29/paragraph/5/2)
[^c22739621]: [S. 349(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3AA) inserted (with application in accordance with [Sch. 37 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/b)
[^c22739631]: [S. 349(3AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3AB) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/4)
[^c22739671]: Word in [s. 349(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3A/b) substituted (with effect in accordance with [Sch. 38 para. 6(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/7) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(e)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/e)
[^c22740121]: [S. 349(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1/c) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c22740131]: [S. 349(3)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/ba) inserted (with application in accordance with [s. 78(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/78/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/78/1)
[^c22741561]: Words in [s. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) repealed (with effect in accordance with s. 111(6)(b) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c22741601]: Words in [s. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) inserted (with effect in accordance with [s. 41(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 41(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/4)
[^c22741711]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c22741621]: Words in [ss. 349(3)(c)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/c/3B) substituted (with effect in accordance with [s. 111(6)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/6/b) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/2/a)
[^c22741581]: [S. 349(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/e) repealed (with effect in accordance with s. 111(6)(b) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c22741671]: [S. 349(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3C) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/2)
[^c22741651]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "quoted Eurobond" inserted (with effect in accordance with [s. 111(6)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/6/b) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/2/b)
[^c22741691]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "UK public revenue dividend" inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/3)
[^c22742251]: [S. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) excluded (with effect in accordance with s. 83(3) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 51](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/51) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22742211]: [S. 349(3)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/i) and preceding word inserted (with application in accordance with [s. 95(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/95/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 95(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/95/2)
[^c22742231]: [S. 349(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/5/6) inserted (with application in accordance with [s. 95(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/95/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23) s. 95(3)
[^c23427541]: Words in [s. 349(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 51(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/51/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427561]: [S. 349(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 51(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/51/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427581]: Words in [s. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) renumbered as s. 349(1B) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by virtue of [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 51(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/51/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427601]: Words in [s. 349(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1B) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 51(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/51/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427751]: [S. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) modified by [The Income Tax (Manufactured Overseas Dividends) Regulations 1993 (S.I. 1993/2004)](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 5(1A)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/5/1A) (as inserted (1.11.2003) by [The Income Tax (Manufactured Overseas Dividends) (Amendment) Regulations 2003 (S.I. 2003/2582)](https://www.legislation.gov.uk/uksi/2003/2582), [reg. 6(3)](https://www.legislation.gov.uk/uksi/2003/2582/regulation/6/3))
[^c23427641]: [S. 349(3)(j)(k)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/j/k) and preceding word inserted (with effect in accordance with [s. 202(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 202(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/2)
[^c23427691]: [S. 349(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/6): definition of "central counterparty clearing service" inserted (with effect in accordance with [s. 202(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 202(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/3)
[^c23427711]: [S. 349(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/6): definitions of "recognised clearing house" and "recognised investment exchange" inserted (with effect in accordance with [s. 202(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 202(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/3)
[^c23427791]: [S. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) excluded (retrospective to 22.10.2004) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 65(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/65/3), [66(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/66/6)
[^c23428221]: [S. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) applied (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 3](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/3)
[^c23428021]: [S. 349(1A)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1A/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428031]: Words in [s. 349(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428051]: [S. 349(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/za) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428071]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "certificate of deposit" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428111]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): words in definitions of "qualifying certificate of deposit" and "qualifying deposit right" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(b)(i)(c)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/b/i/c/ii), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428141]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): words in definition of "qualifying certificate of deposit" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428161]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): words in definition of "qualifying deposit right" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(c)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428181]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): words in definition of "qualifying deposit right" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(c)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428091]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "uncertificated eligible debt security units" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428201]: [S. 349(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21592661]: *See* 1970(M) s.98—*penalties for non-compliance.*
[^c21592671]: [S. 350(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/1) excluded (22.3.1992) by [S.I. 1992/569](https://www.legislation.gov.uk/uksi/1992/569), [reg. 13(2)(d)](https://www.legislation.gov.uk/uksi/1992/569/regulation/13/2/d).
[^c21592681]: Source-1970 ss.53(2), 54(3); 1971 Sch.6 21
[^c21592691]: Source-1970 s.56
[^c21592701]: *See* 1970(M) Parts IV-VI—*principal provisions as to assessment, appeals and collection.*
[^c21592711]: Source-1970 s.53(3), 54(3)
[^c21592721]: *See* 1988(F) s.130(7)(b)—*payment of outstanding tax by migrating companies.*
[^c21592731]: [S. 350(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/4) amended by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 3(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/3/1/2)
[^c21592741]: [S. 350(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/4) extended by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 3(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/3/3)
[^c21592751]: Source-1970 s.53(4), 54(3); 1972 s.104, 108(1), Sch.24 16
[^c21592761]: (*See* 1970(M) Parts IV-VI—*principal provisions as to assessment, appeals and collection.*)*and also:*—1970(M) s.31(3)*appeals under* s.349(1)*and* 350*to go to Special Commissioners.*
[^c21592771]: Source-1972 s.108(2)-(4)
[^c21592781]: *See* 1989 s.94*and* Sch.11 para.18—*deep gain securities.*
[^c22739781]: Words in [s. 350(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/8)
[^c22739801]: [S. 350(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/1A) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/8)
[^c22742591]: Words in [s. 350(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/1A) inserted (with application in accordance with [s. 96(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 96(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/2)
[^c21592931]: [S. 352](https://www.legislation.gov.uk/ukpga/1988/1/section/352) excluded (22.3.1992) by [S.I. 1992/569](https://www.legislation.gov.uk/uksi/1992/569), [reg.21](https://www.legislation.gov.uk/uksi/1992/569/regulation/21). [S. 352](https://www.legislation.gov.uk/ukpga/1988/1/section/352) modified (22.3.1992) by [S.I. 1992/569](https://www.legislation.gov.uk/uksi/1992/569), [reg.23](https://www.legislation.gov.uk/uksi/1992/569/regulation/23).
[^c21592941]: Source-1970 s.55; 1973 s.17(4), 1986 s.29(3)
[^c21592951]: *See* s.30*and* Sch.5 para.11—*words* “or 687” *replaced by* “, 480A or 687 or by virtue of regulations under section 477A(1)” *as regards a payment made on or after* 6*April* 1991.
[^c22742271]: Words in [s. 349A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/1) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/1/a/i)
[^c22742291]: Words in [s. 349A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/1) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/1/a/ii)
[^c22742311]: Words in [s. 349A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/6) renumbered as s. 349A(6)(a) (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/1/b/i)
[^c22742331]: [S. 349A(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/6/b) and preceding word inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/1/b/ii)
[^c23428241]: Words in [s. 349A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 150](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/150), (with Sch. 2)
[^c22742351]: [S. 349B(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/1/b) and preceding word repealed (with effect in accordance with s. 94(7) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/14), Note
[^c22742381]: [S. 349B(3)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/3) inserted (with effect in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/2)
[^c22742611]: Words in [s. 349B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/3) inserted (1.12.2002) by The Income and Corporation Taxes Act 1988, Section 349B(3) Order 2002 ([S.I. 2002/2931](https://www.legislation.gov.uk/uksi/2002/2931)), art. 2
[^c23427731]: Words in [s. 349B(2)(b)(7)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/2/b/7/b/ii) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23428331]: [S. 349B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/4) applied (with modifications) (6.4.2005) by [The Child Trust Funds Regulations 2004 (S.I. 2004/1450)](https://www.legislation.gov.uk/uksi/2004/1450), [regs. 1](https://www.legislation.gov.uk/uksi/2004/1450/regulation/1), [24(c)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/24/c) (as amended (27.12.2005) by [The Child Trust Funds (Amendment No. 3) Regulations 2005 (S.I. 2005/3349)](https://www.legislation.gov.uk/uksi/2005/3349), [regs. 1](https://www.legislation.gov.uk/uksi/2005/3349/regulation/1), [7(b)](https://www.legislation.gov.uk/uksi/2005/3349/regulation/7/b)); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23428311]: [S. 349B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 151(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/151/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23436491]: [S. 349B(3)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/3/g/h) repealed (with effect in accordance with s. 46(4)(a)(b) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(2)(a)(b)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/2/a/b), [Sch. 11 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/12), Note (with s. 46(6)(7))
[^c23436541]: Words in [s. 349B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/4/a) inserted (with effect in accordance with [s. 22(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/22/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 22(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/22/2)
[^c23436521]: [S. 349B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/4/b) repealed (with effect in accordance with ss. 19(1), 22(4) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 22(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/22/3), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2; [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)
[^c22742401]: Words in [s. 349C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349C/1) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/3/a/i)
[^c22742421]: Words in [s. 349C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349C/1) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/3/a/ii)
[^c22742441]: Word in [s. 349C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/349C/2) substituted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/3/b)
[^c22742461]: [S. 349C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349C/4) substituted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(3)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/3/c)
[^c22742481]: Words in [s. 349D(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349D/1/a) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/4/a/i)
[^c22742501]: Words in [s. 349D(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/349D/1/b/c) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/4/a/ii)
[^c22742531]: Word in [s. 349D(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/349D/1/d) substituted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(4)(a)(iii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/4/a/iii)
[^c22742551]: [S. 349D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/349D/2) substituted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/4/b)
[^c21593111]: *See*—1988 s.117—*limited partners.*1988 s.280—*transfer of reliefs between spouses.*1988(F) Sch.6 para.3(3)—*disallowance of interest relief in respect of occupation of commercial woodlands.*
[^c22738581]: [S. 353(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A/b) and preceding word repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22738611]: [S. 353(1B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1B/b) and preceding word repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22738691]: Words in [s. 353(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1B) substituted (with effect in accordance with [s. 42(3)-(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/42/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 42(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/42/2/a)
[^c22740451]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 1(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/1/2)
[^c22740421]: Words in [s. 353(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A/1B) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 1(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/1/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740481]: [S. 353(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1G) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 1(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/1/4)
[^c22741741]: Words in [s. 353(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1G) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/2)
[^c21594051]: Source-1972 Sch.9 10; 1974 Sch.1 1
[^c21594061]: Source-1972 Sch.9 11; 1974 Sch.1 1
[^c21594071]: Source-1972 Sch.9 12; 1974 Sch. 1 1
[^c21594091]: Source-1972 Sch.9 13; 1974 Sch.1 1
[^c22741821]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741841]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741861]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/c) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741881]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(d)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/d) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741901]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(e)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/e) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741921]: Words in [s. 359(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/3/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/2/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741941]: Words in [s. 359(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/3/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/2/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741961]: Words in [s. 359(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/3/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/2/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21594101]: *See* 1988(F) Sch.6 para.3(3)—*disallowance of interest relief in respect of occupation of commercial woodlands.*
[^c21594111]: Source-1974 Sch.1 9(1); 1982 s.49(2)
[^c21594121]: 1989 s.107*and* Sch.12 para.12—*in relation to interest paid on or after* 27*July* 1989. 1988 s.424(4)*continues to have effect for purposes of* s.360*in relation to interest paid before* 27*July* 1989.*Previously* “satisfying any of the conditions of section 424(4)” *in* subs.1(a)*and* “satisfy any of the conditions of section 424(4)” *in* subs.2(a).
[^c21594131]: Source-1974 Sch.1 10(1); 1980 s.28(1)(b), (c); 1982 s.49(3)
[^c21594151]: Source-1974 Sch.1 10(2); 1982 s.49(3)
[^c21594161]: 1989 s.107*and* Sch.12 para.12—*in relation to interest paid on or after* 27*July* 1989. 1988 s.424(4)*continues to have effect for purposes of* s.360*in relation to interest paid before* 27*July* 1989.*Previously* “satisfy any of the conditions of section 424(4)”.
[^c21594171]: 1989 s.47.
[^c21594181]: 1989 s.48(1).*Previously* “(4) In this section expressions to which a meaning is assigned by Part XI have that meaning, but—(a) in relation to any loan made after 5th April 1987, paragraph 39 of Schedule 9 shall have effect for determining whether the interest on the loan is eligible for relief under section 353 by virtue of this section; and (b) in relation to any loan made before 14th November 1986, section 417 shall have effect subject to the following modifications—(i) in subsection (3)(c) for the words following “deceased person” there shall be substituted the words “subject to subsection (3A) below, any other person interested therein”; and (ii) after subsection (3) there shall be added— “(3A) Subsection (3)(c) above shall not apply so as to make an individual an associate as being entitled or eligible to benefit under a trust—(a) if the trust relates exclusively to an exempt approved scheme as defined in section 592; or (b) if the trust is exclusively for the benefit of the employees, or the employees and directors, of the company or their dependants (and not wholly or mainly for the benefit of directors or their relatives), and the individual in question is not (and could not as a result of the operation of the trust become), either on his own or with his relatives, the beneficial owner of more than 5 per cent. of the ordinary share capital of the company; and in applying paragraph (b) above any charitable trusts which may arise on the failure or determination of other trusts shall be disregarded.””.
[^c22740321]: Words in [s. 360(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/360/3A) inserted (with effect in accordance with [s. 79(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/79/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 79(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/79/1)
[^c23436591]: Words in [s. 360(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/360/3A) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [68](https://www.legislation.gov.uk/uksi/2005/3229/regulation/68)
[^c21594201]: 1989 s.107*and* Sch.12 para.13(2)*in relation to accounting periods beginning after* 31*March* 1989.*For accounting periods beginning on or before* 31*March* 1989,*the following wording applies:* “in a company—(a) if he, either on his own or with one or more of his associates, or if any associate of his with or without other such associates, is the beneficial owner of, or able (directly or through the medium of other companies or by any other indirect means) to control, more than 5 per cent. of the ordinary share capital of the company, or (b) if, on an amount equal to the whole distributable income of the company falling to be apportioned under Part XI for the purpose of computing total income, more than 5 per cent. of that amount could be apportioned to him together with his associates (if any), or to any associate of his, or any such associates taken together.”.
[^c21594211]: 27*July* 1989.
[^c21594221]: 27*July* 1989.
[^c21594241]: 1989 s.107*and* Sch.12 para.13(3)*in relation to accounting periods beginning after* 31*March* 1989.
[^c23428371]: Words in [s. 360A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/360A/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 153](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/153) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23436611]: Words in [s. 360A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/360A/10) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [69](https://www.legislation.gov.uk/uksi/2005/3229/regulation/69)
[^c21594251]: Source-1974 Sch.1 10A(1); 1981 s.25(3)
[^c21594261]: Source-1974 Sch.1 10B; 1981 s.25(3), (6)
[^c21594271]: *See* 1988(F) Sch.6 para.3(3)—*disallowance of interest relief in respect of occupation of commercial woodlands.*
[^c21594281]: Source-1974 Sch.1 10C; 1983 s.24(1)
[^c21594291]: *See* 1988(F) s.35*and* Sch.3 para.15*for changes applicable in respect of payments of interest made on or after* 6*April* 1990.
[^c21594301]: Source-1974 Sch.1 10D(1)-(3); 1983 s.24(1); 1984 s.24(2), (3)
[^c21594321]: *See* 1988(F) s.35*and* Sch.3 para.15*for changes applicable in respect of payments of interest made on or after* 6*April* 1990.
[^c21594351]: Source-1974 Sch.1 10D(3A); 1983 s.24(1); 1984 s.24(4)
[^c21594361]: Source-1974 Sch.1 10D(4); 1983 s.24(1)
[^c21594371]: Source-1974 Sch.1 11(1)
[^c21594381]: *See* 1988(F) Sch.6 para.3(3)—*disallowance of interest relief in respect of occupation of commercial woodlands.*
[^c21594391]: Source-1974 Sch.1 12; 1981 s.25(2)
[^c22742031]: Words in [s. 362(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/362/2/a) substituted (retrospective to 6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 9](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/9)
[^c21594401]: Source-1974 Sch.1 13; 1981 s.25(4); 1983 s.24(2)(a)
[^c21594411]: Source-1974 Sch.1 14(1); 1981 s.25(4); 1983 s.24(2)(a)
[^c21594421]: Source-1974 Sch.1 14(2)
[^c21594431]: Source-1974 Sch.1 15; 1981 s.25(4); 1983 s.24(2)(b)
[^c21594441]: Source-1974 Sch.1 10A(2); 1981 s.25(3)
[^c21594451]: [1976 c.78](https://www.legislation.gov.uk/ukpga/1976/78).
[^c21594461]: Source-1974 Sch.1 17(1); 1975 Sch.12 19(2); 1986 s.100
[^c21594471]: Source-1974 Sch.1 18
[^c21594481]: Source-1974 Sch.1 20, 21; 1975 Sch.12 19(3), (4); 1986 s.100
[^c22739041]: Words in [s. 366(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/366/1/c) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c21594691]: Source-1972 Sch.9 2; 1974 Sch.1 23
[^c21594701]: Source-1972 Sch.9 14; 1974 Sch.1 23
[^c21594711]: Source-1972 Sch.9 15; 1974 Sch.1 1, 23
[^c22740791]: Words in [s. 367(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740811]: Words in [s. 367(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/3/4) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/3)
[^c21594771]: Source-1972 Sch.10 1-6
[^c22738231]: Words in [s. 368(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 9](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/9)
[^c22740341]: Words in [s. 368(3)(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/3/4/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23428391]: Words in [s. 368(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428411]: [S. 368(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428431]: Words in [s. 368(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428451]: Words in [s. 368(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428471]: [S. 368(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21594971]: *See* S.I. [1988 No.1347](https://www.legislation.gov.uk/ukcm/1988/1347) (*in* Part III Vol.5)*in respect of housing associations.*
[^c21596041]: *See* S.I. [1983 No.368](https://www.legislation.gov.uk/ukcm/1983/368) (*in* Part III Vol.5)—*housing associations.*
[^c22743361]: [S. 380(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/1) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2)
[^c21596171]: [S. 380](https://www.legislation.gov.uk/ukpga/1988/1/section/380) amended (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 171](https://www.legislation.gov.uk/ukpga/1993/34/section/171) (3), 184(3)
[^c21596241]: *See* 1988(F) s.148*and* Sch.14 Part V*regarding repeal of* s.380(4)*from* 6*April* 1993.
[^c21596251]: *See*—1990(C) s.142—*restriction of set off of first-year allowances.*
[^c21596261]: Source—1970 s.168(8)
[^c21596271]: 1988(F) Sch.6 para.8*from* 15*March* 1988.*Previously* “section 54”.
[^c22743471]: [S. 380(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/1/2) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/1) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22743511]: [S. 380(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/1) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 20 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/8)
[^c22744341]: [S. 380(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/1) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c22743491]: [S. 380(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/3) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21596351]: [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) modified for the year of assessment 1988-89 by [S.I. 1991/851](https://www.legislation.gov.uk/uksi/1991/851), [reg. 9](https://www.legislation.gov.uk/uksi/1991/851/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1991/851/schedule/2). [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) modified (for the year of assessment 1989-90 only) (28.3.1992) by [S.I. 1992/511](https://www.legislation.gov.uk/uksi/1992/511), [reg. 9](https://www.legislation.gov.uk/uksi/1992/511/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1992/511/schedule/2).
[^c21596361]: [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) applied with modification (23.3.1993) by [S.I. 1993/415](https://www.legislation.gov.uk/uksi/1993/415), [reg. 9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c21596371]: Source—1978 s.30(1)
[^c21596381]: *See* S.I. [1987 No.530](https://www.legislation.gov.uk/ukcm/1987/530) (in Part III Vol.5) regn. 15—*non-resident entertainers and sportsmen.*
[^c21596391]: Source—1978 s.30(2)
[^c21596401]: Source—1978 s.30(3)
[^c21596411]: Source—1978 s.30(4)-(6)
[^c21596421]: *See* 1990(C) s.142—*restriction of set-off of first-year allowances.*
[^c21596431]: Source—1978 s.30(10)
[^c22766431]: [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2)
[^c22744381]: [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c22743551]: Words in [s. 381(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/2) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/2) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22743571]: [S. 381(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/6) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22744831]: Words in [s. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/10)
[^c22744851]: Words in [s. 381(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/4) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 24](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/24), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23441231]: Words in [s. 381(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/5/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [70](https://www.legislation.gov.uk/uksi/2005/3229/regulation/70)
[^c21596481]: Source—1970 s.168(3); 1971 s.16(2)(a); 1978 s.30(7)(a)
[^c21596491]: Source—1970 s.168(4); 1978 s.30(7)(a)
[^c21596501]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c22743741]: [S. 382(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/382/3/4) substituted (with effect in accordance with ss. 209(7), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/3) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22748231]: Words in [s. 382(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/382/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23438731]: Words in [s. 382(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/382/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 158](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/158), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21596861]: Source—1970 s.170(1)
[^c21596871]: Source—1970 s.170(2)-(4)
[^c21596881]: Source—1980 s.70(1), (5)
[^c21596891]: Source—1980 s.70(2), (5)
[^c21596901]: Source—1980 s.70(4)
[^c22743611]: Words in [s. 384(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/1) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c22743631]: Words in [s. 384(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/2/a) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c22743671]: [S. 384(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/2/b) and preceding word repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c22743681]: [S. 384(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/5) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(d)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/d), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(b) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22743701]: Words in [s. 384(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/6) substituted (with effect in accordance with ss. 211(2), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/2/a)
[^c22743721]: Words in [s. 384(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/6/a) substituted (with effect in accordance with ss. 211(2), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/2/b)
[^c22745411]: Words in [s. 384(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/1) repealed (with effect in accordance with s. 134(2) of the repealing Act) by Finance Act 1996 (c, 8), Sch. 20 para. 25(1), Sch. 41 Pt. 5(10), Note
[^c22745431]: [S. 384(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/9) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/25/2)
[^c22751011]: Words in [s. 384(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/6) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 29(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/29/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751041]: Words in [s. 384(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/10) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 29(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/29/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751061]: [S. 384(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/11) inserted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 29(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/29/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23438751]: [S. 384(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/4/a/b) and words substituted for words in s. 384 (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 159(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/159/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23438771]: Words in [s. 384(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 159(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/159/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597001]: *See* 1988(F) Sch.14 Part V—*repeal of* subs. (6)*from* 6*April* 1993.
[^c21597011]: 1988(F) Sch.6 para.6(8)*from* 15*March* 1988.*Previously* “section 54”.
[^c22743771]: [S. 385(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/1) substituted (with effect in accordance with ss. 209(7), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/4) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22743791]: [S. 385(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/2) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(e)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/e), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(c) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22743831]: [S. 385(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/3) repealed (with effect in accordance with ss. 209(7), 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/5), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 6
[^c22743811]: [S. 385(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/5) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(e)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/e), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(c) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22743851]: [S. 385(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/8) repealed (with effect in accordance with ss. 209(7), 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/5), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 6
[^c22748981]: [S. 385](https://www.legislation.gov.uk/ukpga/1988/1/section/385) modified (with effect in accordance with [s. 56(9)](https://www.legislation.gov.uk/ukpga/1998/36/section/56/9) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 56(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/56/4)
[^c23438471]: [S. 385](https://www.legislation.gov.uk/ukpga/1988/1/section/385) modified by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [Sch. 20A paras. 6-8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20A/paragraph/6) (as inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/25/paragraph/3))
[^c22748241]: Words in [s. 385(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23438811]: Words in [s. 385(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 161](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/161), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597021]: Source—1970 s.172
[^c22743871]: [S. 386(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/386/4) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(f)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/f), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22748291]: Words in [s. 386(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/386/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23438891]: Words in [s. 386(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/386/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/162), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597031]: Source—1970 s.173(1), (2)
[^c21597041]: Source—1970 s.173(3)(aa); 1970(F) Sch.4 9(6)
[^c21597051]: Source—1970 s.173(3)(a)-(c)
[^c21597061]: [Sch.7 para.36(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/4) [Copyright, Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)*from* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced.*)
[^c22746401]: [S. 387(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/387/3/c) repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c22746441]: [S. 387(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/387/3/f) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23438921]: Words in [s. 387(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/387/3/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 163](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/163) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597071]: Source—1970 s.174(1)
[^c21597081]: Source—1970 s.174(2)-(6)
[^c21597091]: *See* 1990(C) ss.30-31*(ships*)—*carry forward does not include postponement under* 1990(C) ss.30-31.
[^c22747701]: [S. 388](https://www.legislation.gov.uk/ukpga/1988/1/section/388) modified (1.12.1997 with effect in accordance with reg. 1 of the affecting S.I.) by [The Lloyd's Underwriters (Scottish Limited Partnerships) (Tax) Regulations 1997 (S.I. 1997/2681)](https://www.legislation.gov.uk/uksi/1997/2681), [reg. 10](https://www.legislation.gov.uk/uksi/1997/2681/regulation/10)
[^c22748391]: [S. 388](https://www.legislation.gov.uk/ukpga/1988/1/section/388) restricted (9.3.1995 with effect in accordance with reg. 1 of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 1995 (S.I. 1995/351)](https://www.legislation.gov.uk/uksi/1995/351), [reg. 14(3)](https://www.legislation.gov.uk/uksi/1995/351/regulation/14/3)
[^c22748371]: Words in [s. 388(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/1) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/6) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22743951]: [S. 388(6)(b)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/6/b/d) (and word preceding (d)) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(d)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/d), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5(a) (with Sch. 20)
[^c22743991]: Words in [s. 388(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/7) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(d)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/d), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5(a) (with Sch. 20)
[^c22748301]: Words in [s. 388(1)(4)(5)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/1/4/5/7) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23438941]: Words in [s. 388(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/1/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 164(2)(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/164/2/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23439001]: Words in [s. 388(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 164(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/164/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597101]: Source—1970 s.174(7)-(13); 1986 Sch.13 27; 1971 Sch.8 16
[^c21597161]: *See* 1988(F) Sch.14 Part V*for repeal of* subs. (8)*from* 6*April* 1993.
[^c22744111]: [S. 389(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/3) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(g)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/g), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(d) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22744131]: [S. 389(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/5) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(e)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/e), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5(c) (with Sch. 20)
[^c22751091]: Words in [s. 389(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/2) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 31(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/31/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751111]: Words in [s. 389(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/2) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 31(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/31/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751131]: Words in [s. 389(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/2) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 31(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/31/c) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23439021]: [S. 389(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 165](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/165) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597171]: Source—1970 s.175; 1972 Sch.11 3; 1974 Sch.1 28
[^c23439531]: Words in [s. 390(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/390/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 166](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/166) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23439621]: [S. 391](https://www.legislation.gov.uk/ukpga/1988/1/section/391) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 167](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/167) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23438791]: Words in [s. 384A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/384A/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 160](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/160) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440311]: [S. 392](https://www.legislation.gov.uk/ukpga/1988/1/section/392) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 168](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/168) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23532101]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 44 of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/2) (with [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/6))
[^c23532111]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 64, Sch. 22 paras. 16-18 of the extending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 4(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/4/2/d)
[^c23532121]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 226](https://www.legislation.gov.uk/ukpga/2005/5/section/226), [227](https://www.legislation.gov.uk/ukpga/2005/5/section/227), [232(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/232/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22744521]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) restricted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 41(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/8)
[^c22744481]: [S. 379A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/1) applied (with effect in accordance with s. 39(4)(5) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 19(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/19/2/3)
[^c22744501]: [S. 379A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/3) applied (with effect in accordance with s. 39(4)(5) of the modifying Act) [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 19(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/19/4)
[^c22746371]: Word in [s. 379A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/2/a) repealed (with effect in accordance with Sch. 15 para 9(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 15 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/2/1/a), [Sch. 18 Pt. 6(11)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/11), Note
[^c22746381]: Words in [s. 379A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/2) repealed (with effect in accordance with Sch. 15 para 9(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 15 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/2/1/b), [Sch. 18 Pt. 6(11)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/11), Note
[^c22747941]: Words in [s. 379A(1)(a)(b)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/1/a/b/7) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22750991]: Words in [s. 379A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/2/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 28](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/28) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751921]: Words in [s. 379A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para 35(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/2)
[^c23428541]: Words in [s. 379A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428561]: Words in [s. 379A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428591]: Words in [s. 379A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428611]: Words in [s. 379A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428631]: Words in [s. 379A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428651]: Words in [s. 379A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428691]: Words in [s. 379B](https://www.legislation.gov.uk/ukpga/1988/1/section/379B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 157(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/157/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428711]: Words in [s. 379B](https://www.legislation.gov.uk/ukpga/1988/1/section/379B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 157(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/157/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597211]: *See* s.434A—*limitations on loss relief for life assurance company.*
[^c22750761]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with s. 69(1) of the modifying Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 19](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/19) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22751941]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 17(2)-(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/17/2) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c22751981]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(2)](https://www.legislation.gov.uk/uksi/2002/653/article/4/2)
[^c22766441]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with Sch. 13 para. 28 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/13), [15(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/6), [16(5)(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/16/5/1/a), [19](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/19)
[^c23438671]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c21597321]: *See* 1990 s.99(2)*and* (4)*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21597331]: *See* [Trustee Savings Banks Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(4)—*carry forward of losses where transfer to successor from existing bank under the* Trustee Savings Banks Act 1985.
[^c22743321]: [S. 393(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/1) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 15](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15)
[^c21597341]: Source—1970 s.177(1)-(3)
[^c21597351]: Words in [s. 393(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 8(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/8/a)
[^c21597361]: [S. 393(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/2) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/2/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19) Pt. v Note 4
[^c21597431]: *See* 1990 s.99(2)*and* (4)*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21597441]: Words in [s. 393(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/11) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 8(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/8/b), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V) Note 4
[^c21597551]: Source—1973 ss.30, 32(6)
[^c21597561]: Words in [s. 395(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/b) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/3/a)
[^c21597581]: Words in [s. 395(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1) and (4): repealed (27.7.1993 with effect in relation to accounting periods ending after the day appointed for the purposes of section 10 of the amended Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213),Sch. 23 Pt.III(11), note; omitted (27.7.1993) by virtue of [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/3/b)
[^c22751281]: Words in [s. 395(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 33(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/33/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751301]: Words in [s. 395(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/c) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 33(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/33/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21597451]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(1)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/1/4/5)
[^c22745491]: Word in [s. 393A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/3/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 26(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/26/a)
[^c22745511]: [S. 393A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/4/a) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 26(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/26/b)
[^c22750781]: [S. 393A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1/b) restricted (with effect in accordance with s. 69(1) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 23](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/23) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22746491]: Words in [s. 393A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2) substituted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/2)
[^c22746511]: [S. 393A(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/3)
[^c22746531]: Words in [s. 393A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/39/8) of the amending Act) by Finance (No. 2) Act 1997, s. 39(4)(a)
[^c22746551]: Words in [s. 393A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7) substituted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/4/b)
[^c22746571]: [S. 393A(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/5)
[^c22746591]: [S. 393A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/12) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/6)
[^c22766451]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) modified (with effect in accordance with Sch. 13 para. 28 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/13), [15(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/5), [16(4)(a)(b)(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/16/4/a/b/5/b)
[^c23438691]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23442481]: [S. 393A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 38(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/38/4)
[^c23442501]: [S. 393A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1/b) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 35(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/35/2)
[^c22751151]: Words in [s. 393A(2C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2C/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751251]: [S. 393A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/5/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751171]: Words in [s. 393A(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751191]: Words in [s. 393A(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751211]: Words in [s. 393A(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751231]: Words in [s. 393A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/12) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21597601]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) restricted (27.7.1993 with application as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 129(9)](https://www.legislation.gov.uk/ukpga/1993/34/section/129/9), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165)
[^c22749041]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) modified (with application in accordance with Sch. 5 para. 72(2) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 72(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/72/1)
[^c23438451]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) modified by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 7A](https://www.legislation.gov.uk/uksi/1995/1730/regulation/7A) (as inserted (28.10.2003 with effect in accordance with reg. 1(3) of the modifying S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Amendment No. 2) Regulations 2003 (S.I. 2003/2573)](https://www.legislation.gov.uk/uksi/2003/2573), [reg. 8(1)](https://www.legislation.gov.uk/uksi/2003/2573/regulation/8/1))
[^c21597611]: *See* 1990 ss.99(3)*and* (4)*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10). [S. 396(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/396/1) restricted (27.7.1993 with application as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 129(9)](https://www.legislation.gov.uk/ukpga/1993/34/section/129/9), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165)
[^c21597621]: Source—1970 s.179
[^c22748951]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 44 of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/2), (with Sch. 6 para. 6)
[^c22752321]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 64, Sch. 22 paras. 16-18 of the extending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 4(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/4/2/d)
[^c23533041]: [Pt. 10 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/39/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23532151]: [S. 392A](https://www.legislation.gov.uk/ukpga/1988/1/section/392A) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 17(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/17/1) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c23532761]: [S. 392A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/392A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 12(2)(4)
[^c23532851]: Words in [s. 392A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/392A/4/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 12(3)(4)
[^c23533011]: [S. 392B](https://www.legislation.gov.uk/ukpga/1988/1/section/392B) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/5), [Sch. 17 para. 12(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2)
[^c23533021]: [S. 392B](https://www.legislation.gov.uk/ukpga/1988/1/section/392B) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(5)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/5) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c21597641]: Source—1970 s.180; 1986 s.56(7) Sch.13 2(5)
[^c22744171]: Words in [s. 397(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/1) inserted (with effect in accordance with ss. 211(2), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/3/a) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22744191]: Words in [s. 397(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/1) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5(a) (with Sch. 20)
[^c22745531]: Words in [s. 397(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 27(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/27/a)
[^c22745551]: Words in [s. 397(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3/a/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 27(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/27/b)
[^c22751321]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definition of "basis year" repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 34(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751341]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): words in definition of "chargeable period" repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 34(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751361]: [S. 397(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 34(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751401]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 34(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23440751]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definitions of "farming" and "market gardening" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440761]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440781]: [S. 397(8)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/8/a/b) substituted for words in s. 397(8) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440801]: Words in [s. 397(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441301]: Word at the end of s. 397(10)(a) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/a)
[^c23441251]: [S. 397(10)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10/ab) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/a)
[^c23441321]: [S. 397(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10/c) and preceding word inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/b)
[^c21597691]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(4)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/4)
[^c23440861]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 170(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/170/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440881]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 170(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/170/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440901]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 170(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/170/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597791]: Source—1978 s.31
[^c21597801]: Words in [s. 399(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 11](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/11)
[^c21597811]: Source—1985 s.72(2); 1987 Sch.15 11(2); 1987 (No.2) s.81(1)
[^c21597821]: Words in [s. 399(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(19)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/19/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22746451]: [S. 399(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1A) inserted (with effect in accordance with [s. 80(6)(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/4)
[^c22752101]: [S. 399(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1B) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/4/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23440921]: [S. 399(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 171(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/171/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440971]: Words in [s. 399(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 171(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/171/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440951]: Words in [s. 399(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 171(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/171/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22743341]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 16](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/16)
[^c22744771]: [S. 400(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/1) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 12(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/12/1)
[^c22744271]: [S. 400(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/1) excluded (31.10.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 20(2)](https://www.legislation.gov.uk/ukpga/1994/21/section/20/2), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); SI 1994/2552, art. 2, Sch.
[^c21598001]: Source—1981 s.48
[^c21598011]: Words in [s. 400(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/a); repealed (27.7.1993 with effect in relation to accounting periods ending after the day appointed for the purposes of section 10 of the amended Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 14 para. 8(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/5), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (11), note; omitted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 paras. 8(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/5)
[^c21598031]: Words in [s. 400(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/e) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(20)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/20/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21598041]: Words in [s. 400(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/4) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/12)
[^c22744791]: [S. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 12(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/12/2)
[^c22744251]: [S. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) modified (31.10.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 20(3)](https://www.legislation.gov.uk/ukpga/1994/21/section/20/3), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); SI 1994/2552, art. 2, Sch.
[^c21598071]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(20)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/20/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22745601]: [S. 400(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/8) applied (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/7/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745621]: [S. 400(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/9A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 19](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/19) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22748451]: [S. 400(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/bb) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 36](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/36) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22748441]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22749301]: Words in [s. 400(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/a) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(a)(i)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/a/i) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22749321]: Words in [s. 400(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/b) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(a)(ii)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/a/ii) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22749341]: Words in [s. 400(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/8/9) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(b)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/b) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22752001]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) excluded (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(3)](https://www.legislation.gov.uk/uksi/2002/653/article/4/3)
[^c22752021]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) modified (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(4)](https://www.legislation.gov.uk/uksi/2002/653/article/4/4)
[^c22751421]: Words in [s. 400(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/c) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 35(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751441]: Words in [s. 400(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/4) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 35(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751461]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 35(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23450561]: [S. 400(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para 13(4) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 13(2)(5)
[^c23450571]: [S. 499(2)(bb)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/499/2/bb/ii) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para. 13(4) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 13(3)(5)
[^c21598101]: Source—1980 s.39(1), (2), (4); 1982 s.50
[^c21598111]: Word in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (27.7.1993 with effect as mentioned in [s. 109(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/109/4) of the amending Act) by virtue of s. 109(1)(4)
[^c22744561]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (with effect in accordance with [s. 120(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/1/a)
[^c22744601]: [S. 401(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/2) repealed (with effect in accordance with s. 120(2) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/1/b), [Sch. 29 Pt. 8(15)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/15), Note 2
[^c22766461]: [S. 401(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1A) inserted (27.7.1993 with effect as mentioned in [s. 109(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/109/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 109(2)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/109/2/4)
[^c22745641]: [S. 401(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 20(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/20/2), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22745661]: [S. 401(1AA)-(1AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1AA) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 20(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/20/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22750821]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 69(1) of the excluding Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 paras. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/1/3), [26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26)
[^c22752351]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 53(1) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 12 para. 20(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/20/1)
[^c22752371]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with Sch. 13 para. 28(1)(2) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 para. 15(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/3)
[^c22766481]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 56 of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 15 para. 2(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/15/paragraph/2/2)
[^c22748471]: Words in [s. 401(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22766471]: [S. 401(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1B) inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 20](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/20)
[^c22748501]: [S. 401(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1B) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c23440991]: Word in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441011]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441051]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441091]: Words in [s. 401(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441071]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21598131]: *See*—1988 s.434A—*limitations on group relief for life assurance company.*1989 s.102—*surrender of company tax refund etc. within group* (*from a day to be appointed not earlier than* 31*March* 1992).
[^c21598141]: Source—1970 s.258(1)
[^c22749771]: [S. 402(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3) restricted (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [5(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/5/2)
[^c21598151]: Source—1970 s.258(2); 1981 s.40(2); 1985 Sch.9 5, 6
[^c22742951]: Words in [s. 402(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/4) repealed (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(3)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/3/a/5), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 2
[^c21598161]: Source—1970 s.258(3), (4)
[^c22751841]: [S. 402(1)(2)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/1/2/5/6) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting Regulations) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22750841]: [S. 402(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3) restricted (with effect in accordance with s. 69(1) of the restricting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 22](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/22) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22750001]: [S. 402(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3A/3B) inserted (with effect in accordance with [Sch. 27 para. 6(1)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/1)
[^c23438371]: Words in [s. 402(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3B) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23441211]: Words in [s. 402(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/6/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c22749271]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 8 para 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/2/2) (as substituted (with effect in accordance with s. 38(2)(3) of the1998 amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch 5 para. 64(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/64/3) (with [Sch 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73)))
[^c22749281]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) modified (with effect in accordance with s. 38(2)(3) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 paras. 75](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/75), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76)
[^c22751821]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) excluded (with effect in accordance with s. 579(1) of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 260(7)](https://www.legislation.gov.uk/ukpga/2001/2/section/260/7), [261](https://www.legislation.gov.uk/ukpga/2001/2/section/261) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22749191]: [Ss. 403-403ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/403) substituted for s. 403 (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/29) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23438711]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c22752121]: Words in [s. 403(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/1/b) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/a)
[^c22752141]: Words in [s. 403(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/b)
[^c22752161]: Words in [s. 403(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/c)
[^c21598361]: Source—1987 (No.2) s.63
[^c21598371]: *Definition applied for purposes of*—1970 s.273A—*transfer of U.K. branch or agency.*1970 s.276(1A)—*replacement of business assets by members of a group.*1990(C) s.161(2)—*interpretation.*
[^c22745731]: [S 404(6)(a)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/6/a/ia) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 21(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/21/1/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745831]: [S. 404(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/7) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/21/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22751861]: [S. 404](https://www.legislation.gov.uk/ukpga/1988/1/section/404) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22748631]: [S. 404(2)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/2/a/aa) substituted for s. 404(2)(a) (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 37(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/37/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22748691]: [S. 404(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/6/c) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 37(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/37/3), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c23438651]: Word in [s. 404(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/2/c) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para. 16(3) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 16(2)
[^c21598381]: Source—1985 Sch.9 2
[^c21598391]: Source—1985 Sch.9 3
[^c22747371]: Words in [s. 405(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/405/4) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/4)
[^c21598401]: Source—1985 Sch.9 5(1), 6(1)
[^c21598411]: Source—1985 Sch.9 5(2)-(4)
[^c21598421]: Source—1985 Sch.9 6(2)-(5)
[^c22742971]: Words in [s. 406(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(2)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/2/5)
[^c22747391]: Words in [s. 406(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/2/6) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/1/a)
[^c22747421]: Words in [s. 406(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/2/6) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/1/b)
[^c22747451]: [S. 406(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/3) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/2)
[^c22747471]: [S. 406(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/7) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/3)
[^c22747491]: Words in [s. 406(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/8) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/4)
[^c21598591]: Source—1970 s.260(1)
[^c21598601]: Source—1970 s.260(1), (2)
[^c21598611]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 14(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/14/1)
[^c21598631]: Source—1970 s.260(3)(a), (d)
[^c21598641]: Words in [s. 407(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/a) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 14(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/14/2)
[^c21598651]: Source—1970 s.260(3)(b)
[^c21598671]: Word in [s. 407(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2) inserted (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/4)
[^c21598681]: [S. 407(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/c) and words inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/4)
[^c21598691]: Source—1970 s.260(4)
[^c22745851]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 22(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/22/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745871]: [S. 407(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/c) substituted for para. (c) and words following it (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 22(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/22/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22751541]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 37(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/37/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751551]: Words in [s. 407(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 37(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/37/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22746161]: [S. 410(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/1/2) restricted (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 20(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/20/1) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22744691]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (19.7.1995) by [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24) s. 7(2)
[^c22744291]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/16) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22743191]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17)
[^c22744751]: [S. 410(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/1/2) restricted (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/8/1)
[^c21598761]: Source—1973 s.29, 32(6); 1981 s.40(6)
[^c21598771]: *See* Trustee Savings Bank Act 1985 s.5*and* Sch.2 para.6(8)—s.410*not to apply to transfers effected by* s.3*of the* TSB Act 1985.
[^c21598781]: Source—1981 s.47
[^c22750861]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (6.11.2000) by [Postal Services Act 2000 (c. 26)](https://www.legislation.gov.uk/ukpga/2000/26), [s. 130(1)](https://www.legislation.gov.uk/ukpga/2000/26/section/130/1), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/2000/26/schedule/4/paragraph/5); [S.I. 2000/2957](https://www.legislation.gov.uk/uksi/2000/2957), [art. 2(1)](https://www.legislation.gov.uk/uksi/2000/2957/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2000/2957/schedule/1)
[^c22752041]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 5](https://www.legislation.gov.uk/uksi/2002/653/article/5) (with [art. 6](https://www.legislation.gov.uk/uksi/2002/653/article/6))
[^c22751881]: S.. 410(1)(4)(5)-(7) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22746471]: Words in [s. 410(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/5) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 68](https://www.legislation.gov.uk/ukpga/1997/16/section/68)
[^c21598791]: Source—1970 s.263(1),(2)
[^c22747561]: [S. 411(2)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/2) repealed (with effect in accordance with Sch. 7 para. 6, Sch. 8 Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c22751901]: [S. 411(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/1) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22751731]: Words in [s. 411(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/10) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 38(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/38/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751741]: Words in [s. 411(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/10) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 38(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/38/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22748651]: [S. 412](https://www.legislation.gov.uk/ukpga/1988/1/section/412) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 46](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/46); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21598931]: Source—1970 s.258; 1985 Sch.9 1
[^c21598941]: Source—1970 s.258(5)-(7)
[^c21598951]: Source—1970 s.258(8); 1984 s.46(2); 1985 Sch.9 1(a)
[^c22743261]: [S. 413(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/6/a) applied (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17(7)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17/7)
[^c21598961]: Source—1973 s.28(2)-(5); 1981 s.40(5)
[^c22743031]: [S. 413(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/8/9) repealed (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(3)(b)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/3/b/5), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 2
[^c22747511]: [S. 413(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2A) inserted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/7)
[^c22748671]: Words in [s. 413(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/6) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 38](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/38) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22750111]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "company" inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/2/1) (with [Sch. 7 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/6/1))
[^c22750131]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "non-resident company" inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/2/1) (with [Sch. 7 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/6/1))
[^c23441631]: [S. 413(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/3) applied (with modifications) (6.4.2006) by [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [regs. 1](https://www.legislation.gov.uk/uksi/2006/575/regulation/1), [35](https://www.legislation.gov.uk/uksi/2006/575/regulation/35)
[^c22767851]: Words in [s. 413(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/5) repealed (with efffect in accordance with Sch. 27 para. 6(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/2/2), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 3
[^c22743021]: [S. 413(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/5/c) and preceding word repealed (with efffect in accordance with Sch. 27 para. 6(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/2/2), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 3
[^c22746701]: [S. 403A](https://www.legislation.gov.uk/ukpga/1988/1/section/403A) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 179(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/179/4) (as amended (with effect in accordance with Sch. 7 para. 9 of the 1997 amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/8))
[^c22750021]: Words in [s. 403A(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/10/a) inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 3(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/3/a) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22750041]: Words in [s. 403A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/10/b) inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 3(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/3/b) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22746721]: [S. 403B](https://www.legislation.gov.uk/ukpga/1988/1/section/403B) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 179(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/179/4) (as amended (with effect in accordance with Sch. 7 para. 9 of the 1997 amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/8))
[^c22750071]: [S. 403C](https://www.legislation.gov.uk/ukpga/1988/1/section/403C) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(1)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/1/5)
[^c22749751]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [5(1)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/5/1)
[^c22751481]: Words in [s. 403ZB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZB/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 36](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/36) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751501]: [S. 403ZB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZB/2) restricted (with effect in accordance with s. 579(1) of the restricting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 131(7)](https://www.legislation.gov.uk/ukpga/2001/2/section/131/7) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c22749241]: [1996 c.8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22752181]: [S. 403ZC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZC/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 45](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/45), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c22752221]: [S. 403ZD(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/6) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/2)
[^c23438571]: [S. 403ZD(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 14(2)(4)
[^c23438591]: [S. 403ZD(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/5) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 14(3)
[^c23438611]: Words in [s. 403ZE(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZE/1/b/ii) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 15(2)(3)
[^c23438631]: [S. 403ZE(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZE/2) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 15(4)
[^c23550481]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 35](https://www.legislation.gov.uk/uksi/2006/575/regulation/35) to be construed as one with this Chapter (6.4.2006) by virtue of regs. 1, 35(2) of that affecting S.I.
[^c23438381]: Words in [s. 403E(1)(a)(2)(4)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/403E/1/a/2/4/5/6) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23550451]: [S. 411ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/411ZA): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 521](https://www.legislation.gov.uk/ukpga/2009/4/section/521) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c22752391]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 9A(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/9A/4) (as inserted (with effect in accordance with s. 104(5) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 104(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/3))
[^c22752411]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 2(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/2/5) (as inserted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 22(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/22/4))
[^c23481021]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) applied (with modifications) (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 453](https://www.legislation.gov.uk/ukpga/2005/5/section/453), [456(7)](https://www.legislation.gov.uk/ukpga/2005/5/section/456/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21598971]: *See* 1979(C) s.155(1)—*definition applied for purposes of capital gains.*
[^c21598981]: Source—1970 s.282(1)
[^c21598991]: 1989 s. 104(1) from 1 April 1989. Previously "(2) Subject to section 415 and subsection (5) below, a company resident in the United Kingdom (but not falling within subsection (1)(b) above) is a close company if-(a) on the assumtion that it is so, or (b) on the assumption that it and any other such company or companies are so, more than half of any any amount falling to be apportioned under section 423 in the case of the company (including any sum which has been apportioned to it, or could on either of those assumptions be apportioned to it, under that section) could be apportioned among five or fewer participators, or among participators who are directors.".
[^c21599001]: Source—1970 s.282(2); 1972 Sch.17 1
[^c21599011]: Repealed by 1989 ss. 104(2) and 187 and Sch. 17 Part V from 1 April 1989
[^c21599021]: Source—1970 s.282(3)
[^c21599031]: 1970 s.282(4), (5); 1972 Sch.17 1
[^c21599041]: 1989 s.104(3)*from* 1*April* 1989.*Previously* “paragraph (c) of section 416(2) and it would not be a close company if the reference in that paragraph”.
[^c21599051]: Source—1971 s.25(6)
[^c21599061]: Source—1970 s.283(1)-(3)
[^c21599071]: Source—1970 s.283(4)(a)
[^c21599081]: Source—1970 s.283(4)(bb); 1970(F) Sch.5 Part III 12(3)
[^c21599091]: Source—1970 s.283(4)(c)
[^c21599101]: Source—1970 s.283(5)-(8)
[^c22745911]: Word in [s. 415(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/415/1/b) substituted (with effect in accordance with [Sch. 38 para. 6(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(f)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/f)
[^c21599161]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (with modifications) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 89(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/89/1), [Sch. 16 para. 10(9)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/10/9) [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (with modifications) by [Finance Act 1981 (c. 35, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1981/35), [s. 82A(11)(13)](https://www.legislation.gov.uk/ukpga/1981/35/section/82A/11/13) (in relation to payments received on or after 19.3.1991) (as inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 91](https://www.legislation.gov.uk/ukpga/1991/31/section/91), [Sch. 18 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/18/paragraph/4))
[^c21599171]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 86(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/86/5), [288(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [Sch. 5 paras. 2(8)(9)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/2/8/9), [8(8)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/8/8), [9(9)(10)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/9/9/10) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (1.10.1992) by [S.I. 1992/1725 (N.I. 15)](https://www.legislation.gov.uk/nisi/1992/1725), [art. 62(4)](https://www.legislation.gov.uk/nisi/1992/1725/article/62/4); [S.R. 1992/402](https://www.legislation.gov.uk/nisr/1992/402), [art. 2(a)](https://www.legislation.gov.uk/nisr/1992/402/article/2/a)
[^c22744231]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (17.12.1996) by [Housing Grants, Construction and Regeneration Act 1996 (c. 53)](https://www.legislation.gov.uk/ukpga/1996/53), [ss. 54(2)](https://www.legislation.gov.uk/ukpga/1996/53/section/54/2), [150(3)](https://www.legislation.gov.uk/ukpga/1996/53/section/150/3); [S.I. 1996/2842](https://www.legislation.gov.uk/uksi/1996/2842), [art. 3](https://www.legislation.gov.uk/uksi/1996/2842/article/3)
[^c23457351]: S, 416 applied (N.I.) (1.10.2003 for specified purposes and 1.12.2003 otherwise) by [The Housing (Northern Ireland) Order 2003 (S.I. 2003/412)](https://www.legislation.gov.uk/uksi/2003/412), [arts. 1(3)](https://www.legislation.gov.uk/uksi/2003/412/article/1/3), [85(2)](https://www.legislation.gov.uk/uksi/2003/412/article/85/2); [S.R. 2003/270](https://www.legislation.gov.uk/nisr/2003/270), [art. 2(4)](https://www.legislation.gov.uk/nisr/2003/270/article/2/4), [Sch. 3](https://www.legislation.gov.uk/nisr/2003/270/schedule/3)
[^c21599181]: Source—1970 s.302(1); 1972 Sch.24 21
[^c21599191]: Words repealed by 1989 s. 187 and Sch. 17 Part v in relation to accounting periods beginning after 31 March 1989
[^c21599201]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 184(1)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/184/1/b), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22745921]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 87(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/87/6) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11))
[^c22745941]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with Sch. 9 para. 17(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8) Sch. 9 para. 17(9)
[^c22746271]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (1.3.1996) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [ss. 12(7)](https://www.legislation.gov.uk/ukpga/1995/45/section/12/7), [18(4)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/4) (with [Sch. 5 para. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1)); [S.I. 1996/218](https://www.legislation.gov.uk/uksi/1996/218), [art. 3](https://www.legislation.gov.uk/uksi/1996/218/article/3)
[^c22746291]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (10.6.1996) by [The Gas (Northern Ireland) Order 1996 (S.I. 1996/275)](https://www.legislation.gov.uk/uksi/1996/275), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1996/275/article/1/2), [39(7)](https://www.legislation.gov.uk/uksi/1996/275/article/39/7) (with [art. 71](https://www.legislation.gov.uk/uksi/1996/275/article/71)); [S.R. 1996/216](https://www.legislation.gov.uk/nisr/1996/216), [art. 2](https://www.legislation.gov.uk/nisr/1996/216/article/2) (with [arts. 3](https://www.legislation.gov.uk/nisr/1996/216/article/3), [4](https://www.legislation.gov.uk/nisr/1996/216/article/4))
[^c22750701]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) by [Gas Act 1986 (c. 44)](https://www.legislation.gov.uk/ukpga/1986/44), [s. 19E(4)](https://www.legislation.gov.uk/ukpga/1986/44/section/19E/4) (as inserted (10.8.2000) by [The Gas (Third Party Access and Accounts) Regulations 2000 (S.I. 2000/1937)](https://www.legislation.gov.uk/uksi/2000/1937), [Sch. 2 para. 1](https://www.legislation.gov.uk/uksi/2000/1937/schedule/2/paragraph/1))
[^c22750721]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [s. 17E(7)](https://www.legislation.gov.uk/ukpga/1998/17/section/17E/7) (as inserted (10.8.2000) by [The Gas (Third Party Access and Accounts) Regulations 2000 (S.I. 2000/1937)](https://www.legislation.gov.uk/uksi/2000/1937), [Sch. 4 para. 4](https://www.legislation.gov.uk/uksi/2000/1937/schedule/4/paragraph/4))
[^c22750881]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 8(2)-(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/8/2)
[^c22750901]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/20); and s. 416(2)-(6) applied by that para. 20 as amended by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 20 paras. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/4), [15](https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/15)
[^c22750921]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 33(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/33/5)
[^c22752431]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch.15 para. 11(2D)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/11/2D/a) (as inserted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 41(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/41/2))
[^c22752451]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 59(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/59/4)
[^c23457571]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 5 para. 10(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/5/paragraph/10/3) (as substituted (with effect in accordance with s. 96(6) of the 2004 amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 96(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/96/3))
[^c23457581]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with s. 77 of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/11/paragraph/4/2); [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23481311]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 784(6)](https://www.legislation.gov.uk/ukpga/2009/4/section/784/6) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21599211]: Source—1970 s.302(2)-(4); 1972 Sch.17 5
[^c21599221]: Source—1970 s.302(5), (6)
[^c21599351]: *Definition of* “participator”,*excluding* “loan creditor”,*applied for purposes of* 1979(C) s.149 (*capital gains tax relief on disposals to employee trusts*).*Definition of* “participator” *applied for purposes of*—1988 s.168(11)—*directors etc.*1988 s.187(3)—*share option and profit sharing schemes.*1988 s.360A—*loan to buy interest in close company.*1989 Sch.5—*employee share ownership trusts.*
[^c21599361]: In s. 417(1): definition of 'participator' applied by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 89](https://www.legislation.gov.uk/ukpga/1991/31/section/89), [Sch. 16 paras. 4(10)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/4/10), [10(10)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/10/10), [11(11)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/11/11) and applied by [Finance Act 1981 (c. 35, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1981/35), [s. 82A(12)(13)](https://www.legislation.gov.uk/ukpga/1981/35/section/82A/12/13) (in relation to payments received on or after 19.3.1991) (as inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 91](https://www.legislation.gov.uk/ukpga/1991/31/section/91), [Sch. 18 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/18/paragraph/4))
[^c21599371]: Source—1970 s.303(1), (2)
[^c21599381]: *See* s.360(4)(b)*ante with regard to loans made before* 14*November* 1986.
[^c21599391]: *Definition of* “associate” *applied for purposes of:*—1988 s.168 (Ch.II Part V) (*expenses of directors and others*).1988 s.312 (Ch.III Part VII) (*Business Expansion Scheme*).1989 Sch.5 para.16—*employee share ownership trusts.*
[^c21599411]: Source—1970 s.303(4)-(6)
[^c21599421]: *Definition applied for purposes of* 1988(F) s.131—*penalties; and* 1989 s.134—*non-payment of tax by non-residents.*
[^c21599431]: *Definition applied for purposes of* 1989 Sch.12 Pt.I—*close companies: administrative provisions.*
[^c21599441]: Source—1970 s.303(7)
[^c21599451]: Source—1970 s.303(8); 1972 Sch.17 7
[^c21599461]: Source—1970 s.303(7)
[^c21599401]: Source—1970 s.303(3); 1970(F) Sch.5 Part III 12(4); 1987 s.37(1)
[^c23480841]: Words in [s. 417(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 173](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/173) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23481041]: Words in [s. 417(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [72](https://www.legislation.gov.uk/uksi/2005/3229/regulation/72)
[^c21599471]: Source—1970 s.284(1)
[^c21599481]: Source—1970 s.284(2)
[^c21599491]: Source—1970 s.284(2)(a); 1976 Sch.9 15
[^c21599501]: 1989 s.53(2)(f).*Previously* “director's or higher-paid employment (within the meaning of section 167)”.
[^c21599511]: Source—1970 s.284(2)(aa); 1980 s.51(4)
[^c21599521]: Source—1970 s.284(2)(b); 1976 Sch.9 15; 1977 s.35(4)
[^c21599531]: Source—1970 s.284(3); 1976 Sch.9 16
[^c21599541]: Source—1970 s.284(4)-(7)
[^c23457471]: Words in [s. 418(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(2)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/2/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457491]: Words in [s. 418(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/2/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457511]: Words in [s. 418(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457531]: Words in [s. 418(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481061]: Words in [s. 418(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [73](https://www.legislation.gov.uk/uksi/2005/3229/regulation/73)
[^c21599551]: *See* 1989 s.107*and* Sch.12—*close companies: administrative provisions.*
[^c21599561]: *See* 1970(M) s.109—*application of* s.419*to corporation tax enactments generally.*
[^c21599571]: [S. 419(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/1/3): 30.9.1993 appointed for the purposes of s. 419(1)(3) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c21599581]: Source—1970 s.286(1); 1972 Sch.17 3(2); 1987 (No.2) s.90(3)
[^c21599591]: Source—1970 s.286(2)
[^c21599621]: Source—1970 s.286(5); 1972 Sch.17 3(4); 1986 s.43(2); 1976 s.44
[^c21599631]: Source—1970 s.286(7)-(9)
[^c22746021]: [S. 419(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/3) substituted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/2)
[^c22746081]: [S. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) inserted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/3)
[^c22767981]: Words in [s. 419(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/6) repealed (with effect in accordance with s. 173(6) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/4), [Sch. 41 Pt. 5(29)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/29), Note
[^c22748711]: Words in [s. 419(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/1) substituted (with effect in accordance with [Sch. 3 para. 24(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/2)
[^c22748911]: Words in [s. 419(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/3) inserted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 47(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22748731]: Word in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) renumbered as s. 419(4)(a) (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/a)
[^c22748771]: [S. 419(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4/b) and preceding word inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/b)
[^c22748871]: Words in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 47(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/3), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22748761]: Words in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/c)
[^c22748801]: Word in [s. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) renumbered as s. 419(4A)(a) (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/a)
[^c22748821]: [S. 419(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A/b) and preceding word inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/b)
[^c22748841]: Words in [s. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/c)
[^c22748891]: [S. 419(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4B) inserted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 47(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21599641]: Source—1970 s.286(2)
[^c21599651]: Source—1970 s.286(3), (9); 1971 s.25(5); 1972 Sch.17 3(3)
[^c21599661]: Words omitted where the loan first mentioned in s. 420(2) is made on or after 6 April 1990-see 1988(F) s. 35 and Sch. 3 para. 16.
[^c21599701]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 77(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/77/4/a/5)
[^c22747651]: Words in [s. 421(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a/b) substituted (with effect in accordance with [Sch. 4 para. 11(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/11/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/11/1/a)
[^c23480921]: Words in [s. 421(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480941]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480961]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480981]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23481001]: Words in [s. 421(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480861]: [S. 421(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/c/d) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480891]: [S. 421(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/2/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21599751]: Source—1970 s.287A 1976 s.44(2)
[^c22770741]: Source—1970 s.323(1); 1973 s.40(7); 1982 s.58(7)
[^c22770761]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (31.7.1992 with effect as mentioned in reg. 1 of the modifying S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [5](https://www.legislation.gov.uk/uksi/1992/1655/regulation/5) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5), [6](https://www.legislation.gov.uk/uksi/1993/3111/regulation/6); and as further amended (19.3.1997) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1997 (S.I. 1997/471)](https://www.legislation.gov.uk/uksi/1997/471), [regs. 1](https://www.legislation.gov.uk/uksi/1997/471/regulation/1), [6](https://www.legislation.gov.uk/uksi/1997/471/regulation/6))
[^c22770771]: Source—1970 s.323(2); 1970(F) Sch.5 Pt.III 11(4)
[^c22770791]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770811]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign income dividends" inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/4)
[^c22770831]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770851]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770861]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770871]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in the definition of "overseas life insurance company" substituted (27.7.1993 as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 103(1)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/1/3/4)
[^c22770881]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "UK distribution income" inserted (27.7.1993 with effect in relation to accounting periods beginning after 31.12.1992) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 99(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/99/2/3)
[^c22770901]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770911]: [S. 431(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(3)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/3)
[^c22855041]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "general annuity business" and "pension business" repealed (with effect in accordance with Sch. 8 para. 57, Sch. 29 Pt. 8(5) Notes 2, 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5)
[^c22855071]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance business" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855081]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance and general annuity business" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855011]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance and general annuity business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22854971]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "insurance company" substituted (with effect in accordance with [s. 52(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/52/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/52/1)
[^c22854991]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "life reinsurance business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855031]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "linked assets" substituted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 11(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/11/1)
[^c22855091]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "offshore income gain" repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22855101]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life asurance business" repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22855001]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life assurance business" inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855111]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): word following the definition of "overseas life assurance company" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22854981]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "pension business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855131]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "policy holders' fraction" and "shareholders' fraction" inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch.8 para.1](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/1) and repealed (retrospectively) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 6
[^c22855021]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "reinsurance business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855121]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "UK distribution income" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855141]: [S. 431(2A)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2A) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855431]: [S. 431](https://www.legislation.gov.uk/ukpga/1988/1/section/431) modified (20.3.1997 with effect as mentioned in reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/1997/473/regulation/6) (as amended by: [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3629/regulation/1), [156](https://www.legislation.gov.uk/uksi/2001/3629/regulation/156), [165(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/regulation/165/2/b); [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [4](https://www.legislation.gov.uk/uksi/2003/23/regulation/4); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [6](https://www.legislation.gov.uk/uksi/2004/822/regulation/6); [S.I. 2005/2005](https://www.legislation.gov.uk/uksi/2005/2005), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2005/regulation/1), [5](https://www.legislation.gov.uk/uksi/2005/2005/regulation/5))
[^c22855441]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (20.3.1997 with effect as mentioned in reg. 7(1) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/1997/473/regulation/7)
[^c22855401]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "industrial assurance business" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855421]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "long term business fund" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855411]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "ordinary long term business" and "ordinary life assurance business" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855451]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign income dividends" repealed (with effect in accordance with Sch. 6 para. 5(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/5/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22855471]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [7](https://www.legislation.gov.uk/uksi/1998/1871/regulation/7)
[^c22855481]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [5](https://www.legislation.gov.uk/uksi/1999/498/regulation/5)
[^c22855491]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" repealed (with effect in accordance with s. 109(10) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/a), [Sch. 40 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/16), Note 1
[^c22855501]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "contract of insurance" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/2)
[^c22855521]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions of "insurance business transfer scheme" and "insurance company" substituted for definition of "insurance company" (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/3)
[^c22855541]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term business" substituted for definition of "long term business" (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/5)
[^c22855581]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "long term business fund" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/b)
[^c22855591]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): word in definition of "long term business fund" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/a)
[^c22855551]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term liabilities" inserted (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(6)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/6)
[^c22855561]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "periodical return" substituted (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/7)
[^c22855571]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Prudential Sourcebook (Insurers)" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(8)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/8)
[^c22855601]: This sourcebook is part of the FSA Handbook. The FSA Handbook may be purchased on paper and on CD Rom from the Publications Department (Sales), Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS and is available on line at www.fsa.gov.uk.
[^c23572411]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "brought into account" inserted (with effect in accordance with [Sch. 33 para. 20(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 20(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/2)
[^c23572451]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" inserted (with effect in accordance with [Sch. 33 para. 28](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/28) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 25](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/25)
[^c23572471]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "period of account" inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 29](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/29)
[^c23572431]: [S. 431(2ZA)-(2ZE)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZA) inserted (with effect in accordance with [Sch. 33 para. 22(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/22/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 22(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/22/1)
[^c23572491]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "annuity business" inserted (with effect in accordance with [s. 147(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 147(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/2)
[^c23572551]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [5](https://www.legislation.gov.uk/uksi/2004/2680/regulation/5); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23572511]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "annuity business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 175](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/175) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23573041]: [S. 431](https://www.legislation.gov.uk/ukpga/1988/1/section/431) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/2005/2014/regulation/6) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2007/2134/regulation/6); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(2)(3)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/2/3), [4](https://www.legislation.gov.uk/uksi/2008/1937/regulation/4))
[^c23572961]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Integrated Prudential Sourcebook" inserted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/2)
[^c23572981]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "liabilities" substituted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/3)
[^c23573021]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term liabilities" repealed (with effect in accordance with Sch. 9 para. 2(6) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/4), [Sch. 11 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/10), Note 1
[^c23573001]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "value" substituted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/5)
[^c23573061]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "free assets amount" inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/a)
[^c23573101]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/b)
[^c23573081]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "shareholders' excess assets" inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/c)
[^c23573121]: Word at the end of s. 431(2ZB)(b) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/a)
[^c23573201]: Words in [s. 431(2ZB)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB/c) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/b)
[^c23573161]: [S. 431(2ZB)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB/d) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/c)
[^c23573221]: Words in [s. 431(2ZB)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/d)
[^c23573141]: Word at the end of s. 431(2ZC)(b) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/a)
[^c23573241]: Words in [s. 431(2ZC)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/c) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/b)
[^c23573181]: [S. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/c)
[^c23573261]: Words in [s. 431(2ZC)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/d)
[^c23594271]: [S. 431A](https://www.legislation.gov.uk/ukpga/1988/1/section/431A) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/3)
[^c21600341]: See 1989 ss.82-92 for changes made by Finance Act 1989 and 1990 ss.41-48 for changes made by Finance Act 1990.
[^c22804871]: [S. 431B](https://www.legislation.gov.uk/ukpga/1988/1/section/431B) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [6](https://www.legislation.gov.uk/uksi/1999/498/regulation/6)
[^c23595881]: [S. 431B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431B/2) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 36 para. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36/paragraph/2/7) (with [s. 283(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/283/4/5))
[^c22804001]: Words in [s. 431B(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/431B/2/e) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/1/2/a)
[^c22804021]: [S. 431B(2)(ea)](https://www.legislation.gov.uk/ukpga/1988/1/section/431B/2/ea) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/1/2/b)
[^c22804041]: [S. 431B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/431B/2A) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 1(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/1/3)
[^c22804061]: Words in [s. 431B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/431B/3) substituted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/1/4/a)
[^c22804081]: Words in [s. 431B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/431B/3) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/1/4/b)
[^c22783381]: [S. 431C](https://www.legislation.gov.uk/ukpga/1988/1/section/431C) modified (with effect in accordance with reg. 1 of the affecting S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 11](https://www.legislation.gov.uk/uksi/1995/1730/regulation/11) (as amended by: [S.I. 1996/1621](https://www.legislation.gov.uk/uksi/1996/1621), [regs. 1](https://www.legislation.gov.uk/uksi/1996/1621/regulation/1), [5](https://www.legislation.gov.uk/uksi/1996/1621/regulation/5); [S.I. 2003/2573](https://www.legislation.gov.uk/uksi/2003/2573), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2003/2573/regulation/1/1/2), [10](https://www.legislation.gov.uk/uksi/2003/2573/regulation/10); [S.I. 2007/2087](https://www.legislation.gov.uk/uksi/2007/2087), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2087/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2007/2087/regulation/6))
[^c22804931]: [S. 431C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431C/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [8](https://www.legislation.gov.uk/uksi/1998/1871/regulation/8)
[^c23596121]: [S. 431C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431C/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [6](https://www.legislation.gov.uk/uksi/2004/2680/regulation/6); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22804951]: [S. 431D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [8](https://www.legislation.gov.uk/uksi/1998/1871/regulation/8)
[^c22806101]: Words in [s. 431D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/1) substituted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 108(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/1) (with [s. 108(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/3))
[^c22806141]: [S. 431D(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/2) substituted for s. 431D(2)-(8) (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 108(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/2) (with [s. 108(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/3))
[^c23596171]: [S. 431D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [6](https://www.legislation.gov.uk/uksi/2004/2680/regulation/6); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23596131]: Words in [s. 431D(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 176](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/176) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22804971]: [S. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [9](https://www.legislation.gov.uk/uksi/1998/1871/regulation/9)
[^c23599481]: [S. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [7](https://www.legislation.gov.uk/uksi/2004/2680/regulation/7); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22786001]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432): word in sidenote substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771521]: Source—1970 s.307
[^c22857411]: Words in [s. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22794391]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) modified (20.3.1997 with effect in accordance with reg. 8(1) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [8(2)](https://www.legislation.gov.uk/uksi/1997/473/regulation/8/2)
[^c23602111]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [8](https://www.legislation.gov.uk/uksi/2005/2014/regulation/8) (and that modifying reg. 8 is omitted by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [8](https://www.legislation.gov.uk/uksi/2007/2134/regulation/8))
[^c22789521]: [S. 432(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432/2) repealed (with effect in accordance with s. 167(10), Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/1), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22807851]: Words in [s. 432ZA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/4/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/1)
[^c22807871]: [S. 432ZA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/6) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/2)
[^c22811311]: Words in [s. 432ZA(2)(a)(b)(3)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/2/a/b/3/7) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/b)
[^c23607281]: Words in [s. 432ZA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/1) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 4(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/4/2)
[^c22771551]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (3.5.1994) by Finance Act 1994, (c. 9), s. 169, Sch. 18 para 1(4)
[^c22771561]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 6-8](https://www.legislation.gov.uk/uksi/1992/1655/regulation/6) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5), [7](https://www.legislation.gov.uk/uksi/1993/3111/regulation/7); and as further amended (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/1916/regulation/5))
[^c22857421]: [S. 432A(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/2)
[^c22857431]: Words in [s. 432A(5)(6)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/5/6/b/i) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22857451]: [S. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22857461]: [S. 432A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771691]: [S. 432A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/10) repealed (27.7.1993 with effect in relation to accounting periods beginning on or after 1.1.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 91(2)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/2/a), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (8), Note
[^c22789591]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 11 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22793961]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para 19](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/19)
[^c22794411]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/1997/473/regulation/9), [13](https://www.legislation.gov.uk/uksi/1997/473/regulation/13) (as amended by: [S.I. 2000/2710](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [4](https://www.legislation.gov.uk/uksi/2000/2710/regulation/4); [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1](https://www.legislation.gov.uk/uksi/2001/3629/article/1), [157](https://www.legislation.gov.uk/uksi/2001/3629/article/157), [165](https://www.legislation.gov.uk/uksi/2001/3629/article/165); [S.I. 2001/3975](https://www.legislation.gov.uk/uksi/2001/3975), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3975/regulation/1), [4](https://www.legislation.gov.uk/uksi/2001/3975/regulation/4); [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [5](https://www.legislation.gov.uk/uksi/2003/23/regulation/5), [6](https://www.legislation.gov.uk/uksi/2003/23/regulation/6); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [8](https://www.legislation.gov.uk/uksi/2004/822/regulation/8), [9](https://www.legislation.gov.uk/uksi/2004/822/regulation/9); [S.I. 2005/2005](https://www.legislation.gov.uk/uksi/2005/2005), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2005/regulation/1), [6](https://www.legislation.gov.uk/uksi/2005/2005/regulation/6))
[^c22794451]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [10-12](https://www.legislation.gov.uk/uksi/1997/473/regulation/10)
[^c22804991]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [10](https://www.legislation.gov.uk/uksi/1998/1871/regulation/10)
[^c22789551]: [S. 432A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2/d) substituted for s. 432A(2)(d)(e) (with effect in accordance with [s. 167(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/2)
[^c22806261]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 11 para. 3A(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/3A/5) (as inserted (with effect in accordance with s. 109(10) of the 2000 amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/8))
[^c22811141]: Words in [s. 432A(1)(a)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1/a/9B) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/c)
[^c22811191]: Words in [s. 432A(2)(f)(8)(a)(b)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2/f/8/a/b/9B) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/c)
[^c22806161]: Words in [s. 432A(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/a)
[^c22806181]: Words in [s. 432A(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/a)
[^c22857471]: [S. 432A(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(b)(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/b/4/a)
[^c22806231]: [S. 432A(9A)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A/9B) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/6)
[^c22813061]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 138(2)(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/138/2/3)
[^c23603801]: Words in [s. 432A(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A) substituted (with effect in accordance with [Sch. 33 para. 28](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/28) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 26](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/26)
[^c23603821]: [S. 432A(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9B) repealed (with effect in accordance with Sch. 43 Pt. 3(12), Note 1 of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^c23603841]: Words in [s. 432A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/2)
[^c23603861]: [S. 432A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/3)
[^c23603901]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [8](https://www.legislation.gov.uk/uksi/2004/2680/regulation/8); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23603881]: Words in [s. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/4)
[^c23603931]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2005/2014/regulation/9) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [9](https://www.legislation.gov.uk/uksi/2007/2134/regulation/9); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2008/1937/regulation/6))
[^c23603911]: Word in [s. 432A(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A) substituted (with effect in accordance with [Sch. 9 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/4/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/4/2)
[^c23604121]: Words in [s. 432A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/a)
[^c23604741]: Words in [s. 432A(6)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a/i) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/b/i)
[^c23605001]: Words in [s. 432A(6)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a/i) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/b/ii)
[^c23605251]: Word at the end of s. 432A(6)(a)(i) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/c)
[^c23605731]: [S. 432A(6)(a)(ii)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a/ii/iii) substituted for s. 432A(6)(a)(ii) (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/d)
[^c23605841]: Words in [s. 432A(6)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/b/ii) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(e)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/e)
[^c23605861]: [S. 432A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6A) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(3)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/3)
[^c23605881]: Words in [s. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/a)
[^c23605901]: Word at the end of s. 432A(7)(a) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/b)
[^c23605921]: [S. 432A(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/c)
[^c23605951]: [S. 432A(8)-(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8) substituted for s. 432A(8) (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(5)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/5)
[^c23605971]: Words in [s. 432A(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9/b) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(6)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/6/a)
[^c23605991]: Words in [s. 432A(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9/b) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(6)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/6/b)
[^c22771711]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [reg. 9](https://www.legislation.gov.uk/uksi/1992/1655/regulation/9) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [8](https://www.legislation.gov.uk/uksi/1993/3111/regulation/8))
[^c22771721]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S. I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [10](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10)
[^c22771731]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [9(1)](https://www.legislation.gov.uk/uksi/1992/1655/regulation/9/1)
[^c22786291]: Words in [s. 432B(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1/2) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786071]: Words in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/2/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786091]: [S. 432B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/2/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786361]: Words in [s. 432B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/3) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/1/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23613901]: Word in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [Sch. 9 para. 19(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/19/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 19(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/19/1)
[^c23613921]: [S. 432B(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 6(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/6/2)
[^c22771751]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771761]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 110](https://www.legislation.gov.uk/uksi/1992/1655/regulation/110)
[^c22805031]: [S. 432C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [12](https://www.legislation.gov.uk/uksi/1998/1871/regulation/12)
[^c22786641]: Word in [s. 432C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787721]: Words in [s. 432C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para 14(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/14/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787841]: Words in [s. 432C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/2) inserted (with effect in accordance with [Sch. 8 para. 55(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787741]: Words in [s. 432C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para 14(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/14/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787801]: [S. 432C(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/5/a) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 14(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/14/5), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2 (with Sch. 8 para. 55(2))
[^c22787821]: [S. 432C(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/6) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 14(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/14/6) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22807791]: Words in [s. 432C(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/4/a) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/b)
[^c22807801]: Words in [s. 432C(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/4/a) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/b)
[^c22865961]: [S. 432C(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/4/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(b)(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/b/4/b)
[^c22807811]: Words in [s. 432C(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/5/b) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(7)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/7)
[^c23615071]: [S. 432C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [10](https://www.legislation.gov.uk/uksi/2004/2680/regulation/10); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22771811]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S. I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1),10
[^c22805071]: [S. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [12](https://www.legislation.gov.uk/uksi/1998/1871/regulation/12)
[^c22786651]: Words in [s. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787861]: Words in [s. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 15(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/15/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787881]: Words in [s. 432D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 15(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/15/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787901]: [S. 432D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/3/4) substituted for s. 432D(3) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 15(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/15/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22807831]: Words in [s. 432D(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/3/a) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/c)
[^c22807841]: Words in [s. 432D(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/3/a) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/c)
[^c22865981]: [S. 432D(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/3/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(b)(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/b/4/c)
[^c22811281]: Word in [s. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(f)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/f)
[^c23615311]: [S. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [10](https://www.legislation.gov.uk/uksi/2004/2680/regulation/10); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23615261]: Words in [s. 432D](https://www.legislation.gov.uk/ukpga/1988/1/section/432D) inserted (with effect in accordance with [Sch. 33 para. 9(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/9/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 9(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/9/1)
[^c22771841]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1),10
[^c22786121]: Words in [s. 432E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786151]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22786391]: Words in [s. 432E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/2/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786701]: Words in [s. 432E(3)(a)(b)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/a/b/6/a) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771851]: *For orders see* Part III Vol.5 (*under* “*Life assurance apportionment of participating funds: applicable percentage*”).
[^c22786411]: Words in [s. 432E(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/5) inserted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/2/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22866001]: [S. 432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432E) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/1997/473/regulation/14) (as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [10](https://www.legislation.gov.uk/uksi/2004/822/regulation/10))
[^c22795741]: [S. 432E(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/6/b) and preceding word repealed (with effect in accordance with Sch. 3 para. 2(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/2/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c23615391]: Words in [s. 432E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1) substituted (with effect in accordance with [Sch. 33 para. 10(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/2)
[^c23615431]: [S. 432E(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2/a) repealed (with effect in accordance with Sch. 33 para. 10(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(3)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/3/a), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 2
[^c23615451]: Words in [s. 432E(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2/b) repealed (with effect in accordance with Sch. 33 para. 10(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(3)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/3/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 2
[^c23615411]: [S. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 33 para. 10(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/4)
[^c23615471]: Words in [s. 432E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1) added (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 3(2)](https://www.legislation.gov.uk/uksi/2004/3266/article/3/2)
[^c23615551]: [S. 432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432E) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [12](https://www.legislation.gov.uk/uksi/2005/2014/regulation/12) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [12](https://www.legislation.gov.uk/uksi/2007/2134/regulation/12))
[^c23615491]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) substituted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/2/a)
[^c23615511]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inerted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/2/b)
[^c23615531]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) substituted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/3)
[^c22794531]: [S. 432F(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432F/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [15](https://www.legislation.gov.uk/uksi/1997/473/regulation/15); and that modifying reg. 15 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 11](https://www.legislation.gov.uk/uksi/2004/822/regulation/11)
[^c22805921]: [S. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 13A](https://www.legislation.gov.uk/uksi/1997/473/regulation/13A) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/2636/regulation/3))
[^c22805011]: [S. 432AA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [11](https://www.legislation.gov.uk/uksi/1998/1871/regulation/11)
[^c23613561]: [S. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/2005/2014/regulation/10) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [11](https://www.legislation.gov.uk/uksi/2007/2134/regulation/11); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [8](https://www.legislation.gov.uk/uksi/2008/1937/regulation/8))
[^c22811251]: Words in [s. 432AA(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/2/3/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/d)
[^c23613551]: [S. 432AA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [9](https://www.legislation.gov.uk/uksi/2004/2680/regulation/9); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22811271]: Word in [s 432AA(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4/d) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/d)
[^c22805941]: [S. 432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 13B](https://www.legislation.gov.uk/uksi/1997/473/regulation/13B) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/2636/regulation/3))
[^c23613711]: [S. 432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2005/2014/regulation/11)
[^c23613691]: [S. 432AB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 17(2)
[^c23601861]: [S. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G) modified by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 12](https://www.legislation.gov.uk/uksi/1995/1730/regulation/12) (as amended (13.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Amendment) Regulations 2007 (S.I. 2007/2087)](https://www.legislation.gov.uk/uksi/2007/2087), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2087/regulation/1/1), [8](https://www.legislation.gov.uk/uksi/2007/2087/regulation/8))
[^c23602081]: [S. 431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 7A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/7A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/2007/2134/regulation/7); and as amended by [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [5](https://www.legislation.gov.uk/uksi/2008/1937/regulation/5))
[^c22771881]: [S. 434](https://www.legislation.gov.uk/ukpga/1988/1/section/434) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c22787961]: [S. 434(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 19(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/19/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788001]: [S. 434(2)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/2/7) repealed (with effect in accordance with Sch. 29 Pt. 8(5) Note 2 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5)
[^c22771941]: [S. 434(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3/3A) substituted for s. 434(3) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)-(6)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/3/1)
[^c22772001]: [S. 434(3B)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 5(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/4)
[^c22772011]: Source—1970 s.310(6)
[^c22772021]: *Repealed by* 1989 ss.84*and* 187*and* Sch.8 para.3(2)*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990.
[^c22772031]: *Repealed by* 1989 ss.84*and* 187*and* Sch.8 para.3(2)*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990.
[^c22772061]: 1990 s.45(7).
[^c22772071]: Word at the end of s. 434(6A)(a) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/5), [Sch. 26 pt. 5(16)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/16)
[^c22772081]: [S. 434(6A)(aa)-(ac)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/5)
[^c22795751]: [S. 434(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted for s. 434(1) (with effect in accordance with [Sch. 3 para. 3(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/3/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 3(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/3/2)
[^c22795821]: [S. 434(1)(1A)(1C)(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1/1A/1C/1D) restricted by ([Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 65](https://www.legislation.gov.uk/ukpga/1992/48/section/65) (as amended (31.7.1997) by ([Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 15](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/15))
[^c22795841]: [S. 434(3B)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3B) repealed (with effect in accordance with Sch. 6 para. 3(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 6(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/6/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22795881]: [S. 434(6A)(aa)-(ac)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/aa) repealed (with effect in accordance with Sch. 6 para. 6(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 6(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/6/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22801461]: [S. 434(3)(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3/6/8) repealed (with effect in accordance with Sch. 3 para. 25(5)(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 25(2)-(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/25/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23635561]: Words in [s. 434(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3A) substituted (with effect in accordance with [Sch. 33 para. 12(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 12(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/2)
[^c23635581]: Words in [s. 434(6A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/b) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(7)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/7/a)
[^c23635601]: [S. 434(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/177), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22788031]: [S. 434A](https://www.legislation.gov.uk/ukpga/1988/1/section/434A) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para 20(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/20/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22874051]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) substituted (with effect in accordance with Sch. 31 paras. 2(1), 10(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/1/a/2)
[^c22874131]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22874121]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/3)
[^c22870371]: [S. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22874071]: Words in [s. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) substituted (with effect in accordance with Sch. 31 paras. 2(1), 10(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/1/b)
[^c22871451]: Words in [s. 434A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22796071]: [S. 434A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/1) repealed (with effect in accordance with Sch. 3 para. 4(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 4(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/4/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22874141]: [S. 434A(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/iii) inserted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 8(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/8/a)
[^c22807891]: Words in [s. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) substituted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 8(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/8/b)
[^c23635731]: Words in [s. 434A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/3) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(7)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/7/b)
[^c23635771]: [S. 434A(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/i) repealed (with effect in accordance with s. 38(6) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/4), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c22772201]: Source—1970 s.312(1); 1970(F) Sch.5 Part III 11(3)
[^c22772211]: Words in [s. 436(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/1) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/1/a), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt.V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V) Note 3
[^c22772221]: Words in [s. 436(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/1/a) substituted (for accounting periods beginning on or after 1. 1. 1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 paras. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/1/b), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18)
[^c22772231]: *See also* 1989 s.43—*certain Sch.D computations involving emoluments.*
[^c22772241]: Source—1970 s.312(2), 314(5); 1970(F) Sch.5 Part III 11(6)(a)(b); 1972 Sch.18 5(1)(a)
[^c22772251]: 1989 s.84*and* Sch.8 para.6*and, subject to* s.84(6)*deemed to have come into force on* 14*March* 1989.*Previously* “section 433”.
[^c22789841]: [S. 436(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/aa) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22772271]: *Words repealed by* 1989 ss.87(4)*and* 187*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990. (See 1989 s.87(5)*in relation to straddling periods*).
[^c22772281]: Words in [s. 436(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/c) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/2/a), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18) Sch. 19 Pt. V, Note 3
[^c22772311]: Source—1970 s.312(3); 1970(F) Sch.5 Part III 11(3)
[^c22772321]: Words in [s. 436(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/4) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/3), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772331]: Source—1985 s.72(7)
[^c22794611]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [19](https://www.legislation.gov.uk/uksi/1997/473/regulation/19), [20](https://www.legislation.gov.uk/uksi/1997/473/regulation/20) (as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [12](https://www.legislation.gov.uk/uksi/2004/822/regulation/12), [14](https://www.legislation.gov.uk/uksi/2004/822/regulation/14))
[^c22789851]: [S. 436(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/aa) repealed (with effect in accordance with Sch. 31 para. 10(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/1/a), [Sch. 41 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/23), Note
[^c22805111]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [13](https://www.legislation.gov.uk/uksi/1998/1871/regulation/13)
[^c22805131]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (6.4.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 19A](https://www.legislation.gov.uk/uksi/1997/473/regulation/19A), [20A](https://www.legislation.gov.uk/uksi/1997/473/regulation/20A) (as inserted by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [25(3)(4)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/25/3/4), and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [13](https://www.legislation.gov.uk/uksi/2004/822/regulation/13), [15](https://www.legislation.gov.uk/uksi/2004/822/regulation/15))
[^c22796091]: [S. 436(3)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/d/e) repealed (with effect in accordance with Sch. 3 para. 5(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/5/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c23638571]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [11](https://www.legislation.gov.uk/uksi/2004/2680/regulation/11); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23637171]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [13](https://www.legislation.gov.uk/uksi/2005/2014/regulation/13) (which modifying reg. 13 is omitted by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [13](https://www.legislation.gov.uk/uksi/2007/2134/regulation/13))
[^c23636081]: Words in [s. 436(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/a) substituted (with effect in accordance with [Sch. 33 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/3/a)
[^c23636521]: Words in [s. 436(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/a) repealed (with effect in accordance with Sch. 33 para. 1(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/3/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 1
[^c22783461]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [reg. 10A](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10A) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [6](https://www.legislation.gov.uk/uksi/1995/1916/regulation/6))
[^c22772351]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772361]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772371]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772381]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22788141]: [S. 437(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/6) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22794651]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/1997/473/regulation/21) ( as amended (31.12.1997) with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment No. 2) Regulations 1997 (S.I. 1997/2877)](https://www.legislation.gov.uk/uksi/1997/2877), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/2877/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/1997/2877/regulation/4))
[^c22874681]: [S. 437(1A)-(1F)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted for s. 437(1) (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 paras. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/5), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18)
[^c22794021]: [S. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted for s. 437(1A)(1B) (with effect in accordance with [s. 67(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/1)
[^c22794041]: Words in [s. 437(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/2)
[^c22794061]: [S. 437(1CA)-(1CD)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1CA) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/2)
[^c23648521]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/9)
[^c23648541]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 18
[^c23648621]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/2005/2014/regulation/14)
[^c23648561]: Words in [s. 437(1C)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C/b/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23648601]: Word at the end of s. 437(1C)(b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23648581]: [S. 437(1C)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C/d) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22772391]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/1/5)
[^c22772401]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c22772411]: Source—1970 s.314(1); 1970(F) Sch.5 Part III 11(3), (6)(c)
[^c22772421]: Source—1970 s.314(2)
[^c22772441]: [S. 438(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/3AA) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 6(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/6/2)
[^c22772501]: 1990 s.45(9).
[^c22772511]: [S. 438(6B)-(6E)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/6B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 6(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/6/4)
[^c22772531]: Source—1987 (No.2) s.39(3)
[^c22788251]: Words in [s. 438(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/8) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/4/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22772541]: Words in [s. 438(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/8) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(21)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/21) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788391]: [S. 438(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/9) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22805151]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [14](https://www.legislation.gov.uk/uksi/1998/1871/regulation/14) (and as substituted (22.8.2000) by [The Individual Savings Account (Insurance Companies) (Amendment) Regulations 2000 (S.I. 2000/2075)](https://www.legislation.gov.uk/uksi/2000/2075), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2075/regulation/1), [4](https://www.legislation.gov.uk/uksi/2000/2075/regulation/4))
[^c22800601]: [S. 438(3)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/3/3AA) repealed (with effect in accordance with Sch. 3 para. 6(7) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22800821]: [S. 438(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/4) substituted (with effect in accordance with [Sch. 3 para. 6(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/3)
[^c22800631]: [S. 438(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/5) repealed (with effect in accordance with Sch. 3 para. 6(7)-(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/4/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note (with Sch. 3 para. 13(17))
[^c22800771]: [S. 438(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/5) repealed (with effect in accordance with Sch. 3 para. 6(7)(8), Sch. 8 Pt. 2(6) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/4/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6)
[^c22800781]: [S. 438(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/9) repealed (with effect in accordance with Sch. 3 para. 6(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/6), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22811361]: Words in [s. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(e)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/e)
[^c23653041]: [S. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [12](https://www.legislation.gov.uk/uksi/2004/2680/regulation/12); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23652951]: Words in [s. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/9/1/a)
[^c22772561]: 1990 s.41*and* Sch.6 para.7*on and after* 1*January* 1990*subject to the commencement provisions of* paras.11*and* 12.*Previously* “(1) This section applies where for any accounting period—(a) any division falls to be made between the pension business and any other kind of long-term business of an insurance company, and (b) any of the income or gains or losses of the company for that period relate to restricted government securities; and where this section applies section 431(3) shall have effect subject to the provisions of this section. (2) All income, gains or losses of the company which relate to restricted government securities shall be referred to its pension business. (3) Where the division of the other income, gains or losses of the company is made by reference to the liabilities at any time in the accounting period which are referable to pension business or to two or more kinds of business including pension business, those liabilities shall be treated as reduced by the appropriate amount. (4) In subsection (3) above “the appropriate amount” means—(a) in a case in which the total liabilities of the company at the time in question which are referable to long-term business are less than the market value at that time of the investments and deposits held by the company relating to all such business, such proportion of the market value of the restricted government securities held by the company at that time as those liabilities bear to the market value of those investments and deposits, and (b) in any other case, the market value of the restricted government securities at that time. (5) In this section— “long-term business” has the same meaning as in section 1(1) of the Insurance Companies Act 1982;”.
[^c22772571]: Source—1982 s.58(1), (3)
[^c22772581]: Source—1982 s.58(4)
[^c22772591]: Source—1982 s.58(5)
[^c22772601]: *Repealed by* 1990 s.132*and* Sch.19 Part IV.
[^c22772611]: Source—1982 s.58(6)
[^c22772621]: *Repealed by* 1990 s.132*and* Sch.19 Part IV.
[^c22789871]: Word at the end of s. 439B(3)(a) added (with effect in accordance with [Sch. 31 para. 10(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/10/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/2)
[^c22789891]: [S. 439B(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/3/b) repealed (with effect in accordance with Sch. 31 para. 10(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/1/b), [Sch. 41 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/23), Note
[^c22799881]: [S. 439B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/7) repealed (with effect in accordance with Sch. 3 para. 7(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/7/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c23653111]: Words in [s. 439B(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/3/a) substituted (with effect in accordance with [Sch. 33 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/4/a)
[^c23653131]: Words in [s. 439B(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/3/a) repealed (with effect in accordance with Sch. 33 para. 1(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/4/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 1
[^c23653151]: Words in [s. 439B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/6) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 9(1)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/9/1/b)
[^c22772631]: [Ss. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [440A](https://www.legislation.gov.uk/ukpga/1988/1/section/440A) substituted for s. 440 (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 8](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/8), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22789381]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [reg 10C](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10C) (as inserted (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [6](https://www.legislation.gov.uk/uksi/1995/1916/regulation/6))
[^c22772641]: [S. 440(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/1) excluded (25.7.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 6(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/6/4)
[^c22772661]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [regs. 4](https://www.legislation.gov.uk/uksi/1995/171/regulation/4), [5](https://www.legislation.gov.uk/uksi/1995/171/regulation/5) (as amended (19.3.1997) by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [regs. 1](https://www.legislation.gov.uk/uksi/1997/472/regulation/1), [3](https://www.legislation.gov.uk/uksi/1997/472/regulation/3))
[^c22772681]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(22)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/22/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788831]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 5(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/5/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788861]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/57/1) of the amending Act) by Finance Act 1995, Sch. 8 para. 5(3), s. 55(2)
[^c22772751]: Words in [s. 440(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(22)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/22/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788881]: [S. 440(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/6) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22794671]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [22](https://www.legislation.gov.uk/uksi/1997/473/regulation/22) (as amended by: [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [158(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/158/1), [165(2)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/165/2/d); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [18](https://www.legislation.gov.uk/uksi/2004/822/regulation/18))
[^c22794691]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/1997/473/regulation/23) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [158(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/158/2)); and that modifying reg. 23 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 19](https://www.legislation.gov.uk/uksi/2004/822/regulation/19)
[^c22794871]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (with effect in accordance with reg. 4A(3) of the modifying S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4A(1)(2)(a)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4A/1/2/a) (as inserted (19.3.1997) by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [regs. 1](https://www.legislation.gov.uk/uksi/1997/472/regulation/1), [4](https://www.legislation.gov.uk/uksi/1997/472/regulation/4))
[^c22790111]: [S. 440(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 25](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/25) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22794711]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending Regulations) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/1997/473/regulation/24), [25](https://www.legislation.gov.uk/uksi/1997/473/regulation/25); and that modifying reg. 25 is omitted (8.4.2004 with effect in accordance with regs. 1, 20(2) of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 20(1)](https://www.legislation.gov.uk/uksi/2004/822/regulation/20/1)
[^c22805171]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [15](https://www.legislation.gov.uk/uksi/1998/1871/regulation/15)
[^c22812611]: [S. 440(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2/a) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 28(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 28(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/28/1)
[^c22811381]: Words in [s. 440(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/e) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(g)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/g)
[^c22813141]: [S. 440(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2B) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/5) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23653211]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2005/2014/regulation/16) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [16](https://www.legislation.gov.uk/uksi/2007/2134/regulation/16))
[^c23653171]: Words in [s. 440(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2A) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/52/3) of the amending Act (which is amended (retrospectively) by FA 2005 (c. 7), Sch. 4 para. 50, Sch. 11 Pt. 2(7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 43](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/43)
[^c23653191]: Words in [s. 440(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2B) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/52/3) of the amending Act (which is amended (retrospectively) by FA 2005 (c. 7), Sch. 4 para. 50, Sch. 11 Pt. 2(7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 70](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/70)
[^c23653221]: [S. 440(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/a) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [13](https://www.legislation.gov.uk/uksi/2004/2680/regulation/13); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22794751]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [26](https://www.legislation.gov.uk/uksi/1997/473/regulation/26), [27](https://www.legislation.gov.uk/uksi/1997/473/regulation/27); and that modifying reg. 27 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 21](https://www.legislation.gov.uk/uksi/2004/822/regulation/21)
[^c22788901]: [S. 440A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a) substituted for s. 440A(2)(a)(b) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/6) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22772811]: *See* 1990 s.41*and* Sch.6 para.12(2)—subs.(d)*omitted for period* 1*January* 1990*to* 19*March* 1990*inclusive.*
[^c22772821]: *See* 1990 s.41*and* Sch.6 para.12(1), (3), (4), (6), (7)*and* (10)—*application and commencement provisions for* “1982 holdings” *and* “new holdings”.
[^c22772851]: *See* 1990 s.41*and* Sch.6 para.12(1), (3), (4), (6), (7)*and* (10)—*application and commencement provisions for* “1982 holdings” *and* “new holdings”.
[^c22772861]: Words in [s. 440A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(23)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/23/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22772871]: [S. 440A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(23)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/23/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788931]: [S. 440A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/7) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22874781]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (31.7.1992 with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [14](https://www.legislation.gov.uk/uksi/1992/1655/regulation/14), [15](https://www.legislation.gov.uk/uksi/1992/1655/regulation/15) (as amended (31.12.1993 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5))
[^c22874791]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (31.7.1992 with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [16](https://www.legislation.gov.uk/uksi/1992/1655/regulation/16) (as substituted (31.12.1993 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/1993/3111/regulation/10))
[^c22805191]: [S. 440A(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a/i) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [16](https://www.legislation.gov.uk/uksi/1998/1871/regulation/16)
[^c22802301]: Words in [s. 440A(3)(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/3/4/6) substituted (with effect in accordance with [s. 123(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/a)
[^c23653411]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [17](https://www.legislation.gov.uk/uksi/2005/2014/regulation/17) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [17](https://www.legislation.gov.uk/uksi/2007/2134/regulation/17))
[^c23653421]: [S. 440A(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a/i) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [14](https://www.legislation.gov.uk/uksi/2004/2680/regulation/14); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22811391]: Words in [s. 440A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/d) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(h)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/h)
[^c22790131]: [S. 440B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1A) inserted (with effect in accordance with [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/27/paragraph/5/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/27/paragraph/5/1)
[^c22799901]: [S. 440B(1A)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1A/2) repealed (with effect in accordance with Sch. 3 para. 8(4)(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 8(2)(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/8/2/3), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22811401]: Words in [s. 440B(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/3/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/i)
[^c22811411]: Words in [s. 440B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/4) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(g)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/g)
[^c22772901]: [Ss. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441), [441A](https://www.legislation.gov.uk/ukpga/1988/1/section/441A) substituted for s. 441 by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/3), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c22788971]: Words in [s. 441(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/1) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 30](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/30), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22786221]: [S. 441(4)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/4/aa) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788991]: [S. 441(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/7) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2 (with Sch. 8 para. 55(2))
[^c22794791]: [S. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [28](https://www.legislation.gov.uk/uksi/1997/473/regulation/28) (as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [22](https://www.legislation.gov.uk/uksi/2004/822/regulation/22))
[^c22874931]: Word at the end of s. 441(4)(a) added (with effect in accordance with [Sch. 31 para. 10(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/10/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/2)
[^c22790161]: [S. 441(4)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/4/aa) repealed (with effect in accordance with Sch. 31 para. 10(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/1/c), [Sch. 41 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/23), Note
[^c23653971]: [S. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [18](https://www.legislation.gov.uk/uksi/2005/2014/regulation/18); and that modifying reg. 18 is omitted (14.8.2007 with effect in accordance with reg. 1(1)(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [reg. 18(a)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/18/a)
[^c23653941]: Words in [s. 441(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/1/2) repealed (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 12(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/3), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^c23653901]: Words in [s. 441(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/4/a) substituted (with effect in accordance with [Sch. 33 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/4/a)
[^c23653921]: Words in [s. 441(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/4/a) repealed (with effect in accordance with Sch. 33 para. 1(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/4/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 1
[^c22802371]: [S. 441B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/441B/2A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 41](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/41) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22773031]: Source—1977 s.45(1)—(4); 1979(C) Sch.7
[^c22773051]: [S. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) excluded by [Income and Corporation Taxes Act 1970 (c. 10)](https://www.legislation.gov.uk/ukpga/1970/10), [s. 269C(8)](https://www.legislation.gov.uk/ukpga/1970/10/section/269C/8) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s.48](https://www.legislation.gov.uk/ukpga/1992/48/section/48))
[^c22773071]: Words in [s. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(24)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/24) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22790191]: Words in [s. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) repealed (with effect in accordance with [s. 164(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/164/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/24), Note
[^c23653981]: Words in [s. 442(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/1) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c22789421]: [S. 442A](https://www.legislation.gov.uk/ukpga/1988/1/section/442A) restricted (28.7.1995 with effect in accordance with reg. 1 of the affecting S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [regs. 9](https://www.legislation.gov.uk/uksi/1995/1730/regulation/9), [10](https://www.legislation.gov.uk/uksi/1995/1730/regulation/10)
[^c22794811]: [S. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [29](https://www.legislation.gov.uk/uksi/1997/473/regulation/29)
[^c23654091]: [S. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [19](https://www.legislation.gov.uk/uksi/2005/2014/regulation/19)
[^c23654031]: Words in [s. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) substituted (with effect in accordance with [Sch. 33 para. 23(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/2)
[^c23654051]: [S. 442A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/3A) inserted (with effect in accordance with [Sch. 33 para. 23(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/3)
[^c23654071]: Words in [s. 442A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/4) repealed (with effect in accordance with Sch. 33 para. 23(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/4), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 4
[^c22773131]: Source—1970 s.321(1)(b), (2)
[^c22773191]: Source—1970 s.322
[^c22794831]: [S. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [30](https://www.legislation.gov.uk/uksi/1997/473/regulation/30) (as amended (1.12.2001) by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [159](https://www.legislation.gov.uk/uksi/2001/3629/article/159)); and that modifying reg. 30 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 23](https://www.legislation.gov.uk/uksi/2004/822/regulation/23)
[^c22789101]: Words in [s. 444A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3/a) inserted (with effect in accordance with [Sch. 9 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/9/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 27(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/27/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22789081]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) inserted (with effect in accordance with [s. 53(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/53/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 9 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/9/paragraph/1/3/a)
[^c22789121]: Word in [s. 444A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3/b) substituted (with effect in accordance with [s. 53(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/53/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 9 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/9/paragraph/1/3/b)
[^c22786591]: [S. 444A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3A) inserted (with effect in accordance with [Sch. 8 para. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786611]: Words in [s. 444A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/5) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22773261]: Words in [s. 444A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/8) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(25)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/25) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22811621]: [S. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 29(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 29(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/29/1)
[^c22811421]: Words in [s. 444A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(h)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/h)
[^c23654131]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) inserted (with effect in accordance with [Sch. 33 para. 24(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 24(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/2)
[^c23654151]: [S. 444A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3ZA) inserted (with effect in accordance with [Sch. 33 para. 24(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 24(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/3)
[^c23654171]: Words in [s. 444A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3ZA) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/1)
[^c23654191]: [S. 444A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/2) substituted (28.9.2004 with effect in accordance with art. 1 of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 19(2)
[^c23654211]: Words in [s. 444A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/4) substituted (28.9.2004 with effect in accordance with art. 1 of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 19(3)
[^c23654231]: Word in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) substituted (with effect in accordance with [Sch. 9 para. 19(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/19/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 19(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/19/2)
[^c22813021]: [S. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B) modified (with effect in accordance with regs. 21A(5), 21B(3) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 21A](https://www.legislation.gov.uk/uksi/1997/473/regulation/21A), [21B](https://www.legislation.gov.uk/uksi/1997/473/regulation/21B) (as inserted (1.1.2002) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2001 (S.I. 2001/3975)](https://www.legislation.gov.uk/uksi/2001/3975), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3975/regulation/1), [6](https://www.legislation.gov.uk/uksi/2001/3975/regulation/6)) (and as amended by: [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [7](https://www.legislation.gov.uk/uksi/2003/23/regulation/7); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [16](https://www.legislation.gov.uk/uksi/2004/822/regulation/16), [17](https://www.legislation.gov.uk/uksi/2004/822/regulation/17))
[^c22811371]: Words in [s. 438B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438B/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(f)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/f)
[^c23653101]: [S. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [15](https://www.legislation.gov.uk/uksi/2005/2014/regulation/15); and that modifying reg. 15 is omitted (14.8.2007 with effect in accordance with reg. 1(1)(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [reg. 15](https://www.legislation.gov.uk/uksi/2007/2134/regulation/15)
[^c23653071]: [S. 438B(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/438B/5/b) repealed (with effect in accordance with Sch. 33 para. 13(11) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(6)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/6/a), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 3
[^c23653051]: Words in [s. 438B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/438B/5) substituted (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(6)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/6/b)
[^c23662061]: [S. 444AA(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AA/7) inserted (with effect in accordance with [Sch. 9 para. 6(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/6/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 6(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/6/2)
[^c23680301]: [S. 444AB(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/5/a) substituted (with effect in accordance with [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/2)
[^c23680961]: [S. 444AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/6) inserted (with effect in accordance with [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 2(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/3)
[^c23680981]: Words in [s. 444AB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/3) substituted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/4)
[^c23694081]: Words in [s. 444AC(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/3) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 5(2)(a)](https://www.legislation.gov.uk/uksi/2004/3266/article/5/2/a)
[^c23694111]: Words in [s. 444AC(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/3) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 5(2)(b)](https://www.legislation.gov.uk/uksi/2004/3266/article/5/2/b)
[^c23694141]: Words in [s. 444AC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 5(3)](https://www.legislation.gov.uk/uksi/2004/3266/article/5/3)
[^c23694241]: [S. 444AC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC) heading substituted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/5)
[^c23694161]: Words in [s. 444AC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/b) substituted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/2/a)
[^c23694181]: Words in [s. 444AC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/b) inserted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/2/b)
[^c23694201]: [S. 444AC(2A)-(2E)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2A) inserted (with effect in accordance with [Sch. 9 para. 7(6)(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/3)
[^c23694221]: [S. 444AC(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/4) inserted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/4)
[^c23694791]: [S. 444AD(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/4/a) substituted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/4/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/4/1)
[^c23694811]: Words in [s. 444AD(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/4/b) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 6(2)](https://www.legislation.gov.uk/uksi/2004/3266/article/6/2)
[^c23690371]: Words in [s. 444ABA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABA/3) substituted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/5)
[^c23642001]: [S. 436A](https://www.legislation.gov.uk/ukpga/1988/1/section/436A) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 13A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/13A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/2007/2134/regulation/14))
[^c23642011]: [S. 436A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/436A/3): "83ZA" substituted for "83AB" (with effect in accordance with [Sch. 9 para. 17(2)(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 12](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/12); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23635411]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9)
[^c21604391]: [S. 458](https://www.legislation.gov.uk/ukpga/1988/1/section/458) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21604401]: Source—1970 s.324
[^c21604411]: Words in [s. 458(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/458/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 16](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/16)
[^c22804911]: [S. 458](https://www.legislation.gov.uk/ukpga/1988/1/section/458) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 1](https://www.legislation.gov.uk/uksi/1999/498/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [7](https://www.legislation.gov.uk/uksi/1999/498/regulation/7)
[^c22790211]: Words in [s. 458(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/458/1) inserted (with effect in accordance with [Sch. 33 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/33/paragraph/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 33 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/33/paragraph/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22800031]: Words in [s. 548(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/2) repealed (with effect in accordance with Sch. 6 para. 7(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58). Sch. 6 para. 7(1), Sch. 8 Pt. 2(11), Note
[^c22790231]: [S. 458(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/458/3) substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22812061]: [S. 458(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/458/3/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 31](https://www.legislation.gov.uk/uksi/2001/3629/article/31)
[^c21600311]: Definitions in Pt. XII Chapter I (ss. 431-458) applied by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 paras. 16(7)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/16/7), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18)
[^c21600321]: [Pt. XII Chapter I](https://www.legislation.gov.uk/ukpga/1988/1/part/XII) (ss. 431-458) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 212(7)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/212/7/b), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23594291]: [Pt. 12 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/1) modified (s. 431AB treated as inserted) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 7A](https://www.legislation.gov.uk/uksi/1997/473/regulation/7A) (as inserted (8.4.2004 with effect in accordance with reg. 1 of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2004 (S.I. 2004/822)](https://www.legislation.gov.uk/uksi/2004/822), [reg. 7](https://www.legislation.gov.uk/uksi/2004/822/regulation/7))
[^c22875571]: [S. 444BA](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) modified (23.12.1996 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Reserves) (Tax) Regulations 1996 (S.I. 1996/2991)](https://www.legislation.gov.uk/uksi/1996/2991), [regs. 4-12](https://www.legislation.gov.uk/uksi/1996/2991/regulation/4)
[^c22811681]: Words in [ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/1)
[^c22811641]: Words in [s. 444BA(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/10) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/3)
[^c22811661]: [S. 444BA(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/11) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/4)
[^c23710921]: Words in [s. 444BA(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/11) substituted (with effect in accordance with [Sch. 9 para. 9(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/9/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/9/2)
[^c22811781]: Words in [ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/1)
[^c23711001]: Words in [s. 444BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BB/3/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c22798721]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22811831]: Words in [s. 444BC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BC/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/5)
[^c22811791]: Words in [s. 444BC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BC/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/5)
[^c22811851]: [S. 444BD(2)(a)(i)-(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/2/a/i) substituted for s. 444BD(2)(a)(i)(ii) (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/7)
[^c22811871]: Words in [s. 444BD(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/7) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(8)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/8/a)
[^c22811891]: [S. 444BD(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/7): definition of "EC company" and preceding word repealed (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(8)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/8/b)
[^c21604431]: Source—1970 s.331
[^c21604441]: Words in [s. 459](https://www.legislation.gov.uk/ukpga/1988/1/section/459) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.4](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23712981]: Words in [s. 460(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3/b) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(5)(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/5/6)
[^c23715871]: Words in [s. 460(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10A) inserted (retrospectively for specified purposes, and otherwise with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/2), [6(1)(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1/3)
[^c23715891]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (retrospectively) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 1(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/3), [6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1)
[^c21604881]: Source—1970 s.332(1). 1974 s.27(1)(a)
[^c21604891]: Words in [s. 460(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604901]: Source—1970 s.333(1)
[^c21604911]: Words in [s. 460(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/3/a); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604921]: [S. 460(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/aa) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/3/b); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604931]: Source—1970 s.332(2)(aa); 1987 (No.2) Sch.2 2(1)
[^c21604941]: Source—1970 s.332(2)(a); 1984 s.73(2); 1987 s.30(2)
[^c21604951]: [S. 460(2)(ai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/ai) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/3)
[^c21604961]: Words in [s. 460(2)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/i) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/4)
[^c21604971]: 1990 s.49(1)(a) Previously £100
[^c21604981]: 1990 s.49(1)(b).
[^c21604991]: Words in [s. 460(2)(c)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/ia) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/5)
[^c21605001]: [S. 460(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/ca) and word "and" substituted for word "and" by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(6)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/6)
[^c21605011]: Source—1970 s.332(2)(b)
[^c21605021]: Source—1970 s.332(3); 1987 s.30(3)
[^c21605041]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(7)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/7/a)
[^c21605051]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/7/b)
[^c21605061]: [S. 460(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4A/4B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(8)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/8)
[^c21605071]: Source—1970 s.332(4); 1975 (No.2) s.52(1); 1980 s.57(1)
[^c21605081]: Words in [s. 460(5)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/5) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605091]: Source—1970 s.332(5); 1975 (No.2) s.52(1); 1984 s.73(3)
[^c21605111]: Source—1970 s.332(6)—(9); 1975 (No.2) s.52(1)
[^c21605181]: 1990 s. 48 and Sch. 9 para. 6 in relation to transfers of business on or after 1 January 1990
[^c21605201]: Source—1970 s.332(10); 1976 s.48(1)
[^c21605211]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605251]: Source—1970 s.332(12)(a); 1976 s.48(1)
[^c22805211]: [S. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) modified (6.4.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 31](https://www.legislation.gov.uk/uksi/1997/473/regulation/31) (as inserted by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [25(5)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/25/5))
[^c22765081]: [S. 460(2)(c)(zai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/zai) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/2)
[^c22765101]: Words in [s. 460(2)(c)(ai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/ai) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/3)
[^c22765121]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/4)
[^c22765151]: Words in [s. 460(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4A) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/5)
[^c22765171]: Words in [s. 460(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4B) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/6)
[^c22808971]: [S. 460(2)(cb)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/cb) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 8(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/8/1)
[^c23712991]: [S. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/2005/2014/regulation/20); and that modifying reg. 20 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [18(b)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/18/b)
[^c22812121]: Words in [s. 460(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10A) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 32(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/2)
[^c22812141]: [S. 460(10B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10B) inserted (1.12.2001 with effect in accordance with arts. 1(2)(a), 32(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/3)
[^c22812191]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/4/a)
[^c22812201]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/4/b)
[^c21605651]: Source—1970 s.332(1); 1974 s.27(1)(a)
[^c21605661]: Source—1974 s.27(2)
[^c21605671]: Source—1974 s.27(1)(b)
[^c21605681]: Source—1970 s.332(11), (12)(b); 1976 s.48(1)
[^c21605701]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/6); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605711]: Source—1974 s.27(3)—(7); 1985 s.41(10); 1987 Sch.15 6
[^c22808991]: [S. 461(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/3A) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch 25 para. 8(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/8/2)
[^c22812241]: Words in [s. 461(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/2/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/2/a)
[^c22812281]: Word in [s. 461(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/2/b)
[^c22812321]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/3/a)
[^c22886541]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/3/b)
[^c22812351]: Words in [s. 461(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/6/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2110/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/4/a)
[^c22812381]: Words in [s. 461(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/6) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/4/b)
[^c22812401]: [S. 461(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/7) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/5)
[^c22812421]: [S. 461(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/11) added (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(6)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/6)
[^c21605871]: Source—1970 s.334(1); 1985 s.41(6)
[^c21605881]: Source—1970 s.336; 1985 Sch.10 Part II
[^c21605891]: Words in [s. 462(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/2/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9) par. 8(2) [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605901]: Words in [s. 462(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/3) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 8(3) S.I](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/8/3/section/I). 1993/236, art.2
[^c21605981]: *See* 1990 s.50(1)—s.463*was renumbered as* s.463(1).
[^c21605991]: *For regulations see* Part III Vol.5 (*under* “*Friendly Societies*”).
[^c21606001]: Source—1970 s.335(1)
[^c21606011]: Words in [s. 463(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/10); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606021]: 1990 s.50(2).
[^c22790281]: Words in [s. 463(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1) inserted (with effect in accordance with [s. 171(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/5)
[^c22811431]: Words in [s. 463(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1/2/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/i)
[^c21606281]: [S. 464](https://www.legislation.gov.uk/ukpga/1988/1/section/464): power to amend conferred (7.2.1994) by [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48), [ss. 162](https://www.legislation.gov.uk/ukpga/1993/48/section/162), [193(2)(3)](https://www.legislation.gov.uk/ukpga/1993/48/section/193/2/3) (with [ss. 6(8)](https://www.legislation.gov.uk/ukpga/1993/48/section/6/8), [164](https://www.legislation.gov.uk/ukpga/1993/48/section/164)); [S. I. 1994/86](https://www.legislation.gov.uk/uksi/1994/86), [art. 2](https://www.legislation.gov.uk/uksi/1994/86/article/2)
[^c21606291]: Source—FSA 1974 s.64(1), (2), (2A), (6); 1985 s.41(1), (2); 1984 s.73(5), (6); 1976/598; FSA 1984 s.2; 1987 s.30(4), (5), (7)
[^c21606301]: Words in [s. 464(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/1/3) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606321]: 1990 s.49(3), (4) Previously "Kingdom) contracts under which the total premiums payable in any period of 12 months exceed £100 unless all those contracts were entered into before 1st September 1987" and "limit" respectively
[^c21606331]: [S. 464(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/za) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/2)
[^c21606341]: Words in [s. 464(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/a) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/3)
[^c21606361]: [S. 464(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A/4B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/4)
[^c21606371]: Words in [s. 464(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/5/b) substituted (7.2.1994) by [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48), [ss. 190](https://www.legislation.gov.uk/ukpga/1993/48/section/190), [193(2)(3)](https://www.legislation.gov.uk/ukpga/1993/48/section/193/2/3), [Sch. 8 para. 20(1)](https://www.legislation.gov.uk/ukpga/1993/48/schedule/8/paragraph/20/1) (with [ss. 6(8)](https://www.legislation.gov.uk/ukpga/1993/48/section/6/8), [164](https://www.legislation.gov.uk/ukpga/1993/48/section/164)); [S.I. 1994/86](https://www.legislation.gov.uk/uksi/1994/86), [art. 2](https://www.legislation.gov.uk/uksi/1994/86/article/2)
[^c21606381]: [1969 c. 19](https://www.legislation.gov.uk/ukpga/1969/19).
[^c21606391]: Words in [s. 464(5)(d)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/5/d/ii) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606401]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/4); [S. I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22765201]: [S. 464(3)(zza)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/zza) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/2)
[^c22765221]: Words in [s. 464(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/za) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/3)
[^c22765241]: Words in [s. 464(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/4)
[^c22765261]: Words in [s. 464(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4B) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/5)
[^c21606451]: Source—1985 Sch.10 Part III
[^c21606461]: Words in [s. 465(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/465/3) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 7
[^c21606471]: [S. 465(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/465/6) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.12](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/12) ; [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23718191]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): word in definition of "tax exempt life or endowment business" substituted (retrospectively) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/3), [6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1)
[^c21606641]: Definitions in s. 466(2) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606651]: Definition in s. 466(2) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606661]: Definitions in s. 466(2) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/6); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606671]: Definition of “registrar” in s. 466(2) repealed (1.1.1994) by [Friendly Societies Act 1992 (c. 40)](https://www.legislation.gov.uk/ukpga/1992/40), [s. 120(2)](https://www.legislation.gov.uk/ukpga/1992/40/section/120/2), [Sch. 22 Pt. I](https://www.legislation.gov.uk/ukpga/1992/40/schedule/22/part/I); [S.I. 1993/2213](https://www.legislation.gov.uk/uksi/1993/2213), [Sch.6](https://www.legislation.gov.uk/uksi/1993/2213/schedule/6) APPENDIX
[^c21606681]: Words in [s. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(7)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606691]: Source—1970 s.337(4); 1985 s.41(7)(e)
[^c21606701]: Words in [s. 466(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/3) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14)(8; [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2))
[^c21606711]: [S. 466(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/5) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(9)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/9); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22790301]: [S. 466(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1) substituted for s. 466(1) (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/1)
[^c22805251]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [17](https://www.legislation.gov.uk/uksi/1998/1871/regulation/17)
[^c22790321]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "insurance company" inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/2/a)
[^c22790341]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "long term business" inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/2/b)
[^c22812631]: Words in [s. 466(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 37(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/37/a)
[^c22812651]: Words in [s. 466(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1/d) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 37(b)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/37/b/i)
[^c22812671]: Words in [s. 466(1)(d)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1/d/ii) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 37(b)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/37/b/ii)
[^c23718211]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [15](https://www.legislation.gov.uk/uksi/2004/2680/regulation/15); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22811461]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): word in definition of "long term business" substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(j)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/j)
[^c21605931]: [S. 462A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/462A/9) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/9); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22812441]: Word in [s. 461A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461A/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 34(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/34/2)
[^c22812461]: [S. 461A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/461A/4) added (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 34(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/34/3)
[^c22809011]: [S. 461B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/2A) inserted (6.4.2001) by Finance Act 2001 (s. 9), s. 76, Sch. 25 para. 8(3)
[^c22812481]: Word in [s. 461B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/4/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 35](https://www.legislation.gov.uk/uksi/2001/3629/article/35)
[^c22811521]: Words in [s. 461C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/2/a)
[^c22811541]: Word in [s. 461C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/2/b)
[^c22811561]: Words in [s. 461C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/3/a)
[^c22811581]: Word in [s. 461C(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/2/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/3/b)
[^c22811471]: Words in [s. 461C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/4/a)
[^c22811501]: Words in [s. 461C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 36(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/4/b)
[^c22811601]: [S. 461C(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/4/5) substituted for s. 461C(4)-(7) (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/5)
[^c21607151]: Source—1970 s.338(1)—(3); 1982 s.36(1); 1974 s.28(1)(b); 1987 s.31
[^c21607161]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(2)(a)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/2/a),(6)
[^c21607171]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(2)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/2/b),(6)
[^c21607181]: *See* 1970 s.338*for amounts applicable in earlier years.*
[^c21607191]: 1988(F) s.35*and* Sch.3 para.17*for chargeable period beginning on or after* 6*April* 1990.*Previously* “wife”.
[^c21607211]: Words in [s. 467(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(3)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/3/6)
[^c21607221]: [S. 467(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/4)
[^c21607231]: *See* [Employment Protection Act 1975 (c.71)](https://www.legislation.gov.uk/ukpga/1975/71) ss.7, 125(1)*and* Sch.16 Part III para.1—*list now maintained by the Certification Officer.*
[^c21607241]: Source—1974 s.28(1)(a)
[^c21607251]: Words in [s. 467(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/a/b) substituted (*retrospectively*) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(5)(a)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/5/a),(7)
[^c21607261]: Words in [s. 467(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/a) substituted (16.10.1992) by [Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52)](https://www.legislation.gov.uk/ukpga/1992/52), [ss. 300(2)](https://www.legislation.gov.uk/ukpga/1992/52/section/300/2), [302](https://www.legislation.gov.uk/ukpga/1992/52/section/302), [Sch. 2 para. 37(a)](https://www.legislation.gov.uk/ukpga/1992/52/schedule/2/paragraph/37/a)
[^c21607291]: Words in [s. 467(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/b) substituted (16.10.1992) by [Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52)](https://www.legislation.gov.uk/ukpga/1992/52), [ss. 300(2)](https://www.legislation.gov.uk/ukpga/1992/52/section/300/2), [302](https://www.legislation.gov.uk/ukpga/1992/52/section/302), [Sch. 2 para. 37(b)](https://www.legislation.gov.uk/ukpga/1992/52/schedule/2/paragraph/37/b)
[^c21607301]: [S. 467(4)(ba)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/ba/bb) substituted (1.7.1992) for s. 467(4)(ba) by [S.I. 1992/808](https://www.legislation.gov.uk/uksi/1992/808), [art. 2](https://www.legislation.gov.uk/uksi/1992/808/article/2); [S.R. 1992/212](https://www.legislation.gov.uk/nisr/1992/212), [art. 2(2)(a)](https://www.legislation.gov.uk/nisr/1992/212/article/2/2/a)
[^c21607311]: Source—1977 s.47
[^c23718681]: Words in [s. 467(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [74](https://www.legislation.gov.uk/uksi/2005/3229/regulation/74)
[^c21607361]: Source—1970 ss.354, 358; 1980 s.60; 1987 s.38, 40(1); 1987 (No.2) s.40(1)
[^c21607371]: Words in [s. 468(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/3) substituted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/3/4)
[^c21607391]: *Definition employed for the purposes of* s.46(7)—*insurance companies: annual deemed disposal of holdings of unit trusts etc.*
[^c22753271]: Words in [s. 468(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1) inserted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/2)
[^c22753241]: [S. 468(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/2) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/3), [Sch. 25 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/part/5/13), Note
[^c22753291]: Words in [s. 468(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/3) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/4)
[^c22753311]: Words in [s. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6) inserted (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/1)
[^c22753251]: [S. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6): definition of "distribution period" repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/5), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c22753331]: [S. 468(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/7) added (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/2)
[^c22795581]: [S. 468](https://www.legislation.gov.uk/ukpga/1988/1/section/468) modified (28.4.1997) by The Open-ended Investment Companies (Tax) Regulations 1997 (S.I 1997/1154), regs. 1, 9, 10 (as amended (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 166](https://www.legislation.gov.uk/uksi/2001/3629/article/166))
[^c22790421]: [S. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) inserted (with effect in accordance with Sch. 6 paras. 10(2), 28 of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 10(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/10/1)
[^c22804741]: Words in [s. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) inserted (with effect in accordance with [s. 28(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/3)
[^c22812931]: Words in [s. 468(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6/8) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8), [s. 431(2)](https://www.legislation.gov.uk/ukpga/2000/8/section/431/2), [Sch. 20 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/8/schedule/20/paragraph/4/3); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c23718881]: Words in [s. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 28(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/3)
[^c23718901]: [S. 468(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/5) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c23718921]: [S. 468(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/4) repealed (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 20
[^c23718941]: Words in [s. 468(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1) substituted (1.4.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [88(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/88/2)
[^c21607811]: Source—1977 s.46; 1979(C) Sch.7
[^c21607821]: Words in 473(2)(5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21607861]: Words in [s. 473(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21607891]: Words in [s. 473(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22791881]: [S. 473(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/5) repealed (with effect in accordance with s. 164(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/24), Note
[^c22801601]: Words in [s. 473(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2) repealed (with effect in accordance with s. 101(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 1
[^c22813241]: Words in [s. 473(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2) repealed (with effect in accordance with s. 67(4)(a) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/a), [Sch. 40 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/8), Note
[^c22813261]: Words in [s. 473(2)(a)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2/a/7) substituted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/b)
[^c22813291]: Word in [s. 473(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2/b) substituted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/c)
[^c22813311]: [S. 473(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2A/2B) inserted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/2)
[^c22813331]: Words in [s. 473(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/6) substituted (with effect in accordance with [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/8/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/4)
[^c23722001]: Words in [s. 473(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/1/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 183](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/183) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22765351]: Words in [s. 475(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/2/a) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 25(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/25/1/b), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22792021]: [S. 475(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/1) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 3(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/3/1)
[^c22792071]: [S. 475(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/2/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 27(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/27/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792041]: Words in [s. 475(3)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/3/8) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/3/2)
[^c22792091]: Words in [s. 475(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/4) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 27(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/27/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22791951]: Words in [s. 475(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/5) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22791971]: [S. 475(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/6/7) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22792001]: Words in [s. 475(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/8) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c23721961]: Word in [s. 472A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/472A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 182(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/182/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721981]: Word in [s. 472A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/472A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 182(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/182/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791661]: [S. 469](https://www.legislation.gov.uk/ukpga/1988/1/section/469) extended (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 22(1)(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/22/1/2)
[^c22794141]: Source—1970 s.354A; 1987 s.39; 1987 (No.2) s.40(1)
[^c22794151]: Words in [s. 469(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1/a) substituted (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/3/a)
[^c22794161]: [S. 469(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1/b) and preceding word repealed (with effect in accordance with Sch. 41 Pt. 5(1) Note 2 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1)
[^c22794181]: Words in [s. 469(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/12)
[^c22794191]: Words in [s. 469(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/3) repealed (with effect in accordance with Sch. 41 Pt. 5(1) Note 2 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1)
[^c22794201]: [S. 469(5A)-(5D)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/5A) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 71](https://www.legislation.gov.uk/ukpga/1988/39/section/71)
[^c22794211]: Words in [s. 469(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/6) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/5)
[^c22794221]: [S. 469(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/6A) inserted (with effect in accordance with s. [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/3/b)
[^c22794231]: For regulations see Part III Vol. 5
[^c22794251]: Words in [s. 469(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/9) inserted (with effect in accordance with [s. 80(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/80/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/5)
[^c22801201]: Words in [s. 469(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2) substituted (with effect in accordance with [Sch. 4 para. 12(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 12(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/2)
[^c22801241]: [S. 469(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2A/2B) inserted (with effect in accordance with [Sch. 4 para. 12(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 12(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/3)
[^c22801261]: Words in [s. 469(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/9) inserted (with effect in accordance with [Sch. 4 para. 12(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 12(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/4)
[^c22809831]: Words in [s. 469(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/7) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8), [s. 431(2)](https://www.legislation.gov.uk/ukpga/2000/8/section/431/2), [Sch. 20 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/8/schedule/20/paragraph/4/4); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c23721401]: Words in [s. 469(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721421]: [S. 469(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721461]: Words in [s. 469(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721481]: Words in [s. 469(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721441]: Words in [s. 469(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22803991]: [1982 c.53](https://www.legislation.gov.uk/ukpga/1982/53).
[^c23721321]: Words in [s. 469A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/1/c) substituted (with effect in accordance with [s. 183(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 183(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/2)
[^c23721341]: [S. 469A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/1A) inserted (with effect in accordance with [s. 183(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 183(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/3)
[^c23721361]: Words in [s. 469A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/2) repealed (with effect in accordance with Sch. 43 Pt. 3(17) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/17)
[^c23721381]: [S. 469A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/3) repealed (with effect in accordance with Sch. 43 Pt. 3(17) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/17)
[^c21608291]: *See* 1990 Sch.5 para.16(1), (2), (3)—*regulations may also require building societies to account for tax on transitional sums.*
[^c21608301]: [S. 477A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/2/2)
[^c21608311]: Words in [s. 477A(1A)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1A/3A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 3(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/3/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c21608341]: [S. 477A(3A)-(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(2)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/2/3)
[^c21608361]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 2(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/2/3)
[^c21608371]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definition of "qualifying deposit right" inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/3/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c22792111]: Word in [s. 477A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1A) substituted (with effect in accordance with [Sch. 38 para. 6(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/7) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(g)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/g)
[^c22792121]: [S. 477A(3)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/a/aa) substituted for s. 477A(3)(a) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 28(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/28/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21608331]: *See* 1990 Sch.5 para.16(1), (4), (5)—*for the year* 1991-92,*the words from* “actual” *to the end of the paragraph are replaced by* “appropriate amount”;*and the following subs. is inserted after* subs.(3):— “(3A) In subsection (3)(a) above the reference to the appropriate amount is to the actual amount paid or credited in the accounting period of any such dividends or interest together with—(a) in the case of dividends or interest paid or credited in the year 1990-91, any amount accounted for and paid by the society in respect thereof as representing income tax, and (b) in the case of dividends or interest paid or credited in the year 1991-92, any amount of income tax accounted for and paid by the society in respect thereof.”
[^c22792141]: [S. 477(3A)-(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/477/3A) repealed with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 28(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/28/2), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22804151]: [S. 477(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/477/8) repealed (with effect in accordance with s. 38(3)(4) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 4
[^c22807981]: [S. 477A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/2A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/4)
[^c22813351]: Words in [s. 477A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 47(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/47/2)
[^c22813371]: Words in [s. 477A(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/aa) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 47(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/47/3)
[^c23722331]: [S. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) applied (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2) para,. 5
[^c23722221]: Words in [s. 477A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722241]: Words in [s. 477A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722281]: [S. 477A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/5/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722311]: Words in [s. 477A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/9) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722261]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definition of "certified SAYE savings arrangement" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723841]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 6](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/6)
[^c21608521]: *See* S.I. [1990 No. 2232](https://www.legislation.gov.uk/ukcm/1990/2232).
[^c23723851]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 6](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/6)
[^c21608861]: 1990 s. 30 and Sch. 5 para. 8(2)
[^c21608881]: 1990 s. 30 and Sch. 5 para. 8(3) as regards interest paid or credited on or after 6 April 1991
[^c21608931]: Source—1984 Sch.8 3(1)-(3); 1985 s.38(3), (4)
[^c21608941]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21608951]: Words in [s. 481(5)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/f) substituted (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 183(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/183/2), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21608961]: [S. 481(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 4](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/4), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c21608971]: Source—1984 Sch.8 3A(1); 1985 s.38(7)
[^c21608981]: 1990 s. 30 and Sch. 5 para. 8(4)
[^c22765401]: [S. 481(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/4/d) and word inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/1) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765441]: Words in [s. 481(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/4) substituted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/1) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765421]: [S. 481(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/4A) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/2) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765541]: Word in [s. 481(5)(k)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/k) repealed (with effect in accordance with s. 86(10) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/3/a), [Sch. 29 Pt. 8(11)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/11), Note
[^c22765461]: Words in [s. 481(5)(k)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/k/i) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/3/b) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765481]: Word in s. s. 481(5)(k)(ii) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(3)(c)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/3/c) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765501]: [S. 481(5)(k)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/k/iii) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(3)(d)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/3/d) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765521]: [S. 481(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5B) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/4) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22794261]: Words in [s. 481(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/4A) repealed (with effect in accordance with Sch. 7 para. 12(4) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(7)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/7), Note 1
[^c22808611]: [S. 481(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/2/c) repealed (26.3.2001) by [The Postal Services Act 2000 (Consequential Modifications No. 1) Order 2001 (S.I. 2001/1149)](https://www.legislation.gov.uk/uksi/2001/1149), [art. 1(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/1/2), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/1149/schedule/2)
[^c22812771]: [S. 481(2)(b)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/2/b/ba) substituted for s. 481(2)(b) (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 39(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/39/2)
[^c22812811]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22812821]: [1979 c. 37](https://www.legislation.gov.uk/ukpga/1979/37); [section 48(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/48/3) was repealed, together with other sections, by section 108(2) of, and Part 1 of Schedule 7 to, the [Banking Act 1987 (c. 22)](https://www.legislation.gov.uk/ukpga/1987/22).
[^c22812791]: [S. 481(5)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/g) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 39(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/39/3)
[^c23723861]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 6](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/6)
[^c23723691]: Words in [s. 481(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/1) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c23723581]: Words in [s. 481(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723701]: [S. 481(2)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/2/d/e) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 8(3)(5)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/8/3/5), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c23723601]: Words in [s. 481(5A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5A/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723621]: Words in [s. 481(5A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5A/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723641]: Words in [s. 481(5A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5A/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/3/b/ii), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723661]: Words in [s. 481(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609001]: Source—1984 Sch. 8 1(2)
[^c21609021]: Source—1984 Sch.8 3(4), (4A); 1985 s.38(5)
[^c21609031]: Source—1984 Sch.8 3(5)-(9); 1985 s.38(6); [1986 No.771](https://www.legislation.gov.uk/ukcm/1986/771)
[^c21609041]: See 1990 s. 30 and Sch. 5 para. 9(2)(6)— words "less than seven days" replaced by "more than 5 years" as regards interest paid or credited on or after 6 April 1991
[^c21609051]: See 1990 s. 30 and Sch. 5 para. 9(3)(6)— sub (a) replaced by the following as regards interest paid or credited on or after 6 April1991:— "(a) require repayment of the deposit at a specified time falling before the end of the period of five years beginning with the date on which the deposit is made;"
[^c21609071]: Source—1984 Sch.8 6(2)
[^c21609081]: Source—1984 Sch.8 6(3)
[^c21609091]: Source—1984 Sch.8 2(2); 1985 s.38(2)
[^c21609111]: 1990 s. 30 and Sch. 5 para. 9(4)
[^c21609121]: 1990 s. 30 and Sch.5 para.9(5)
[^c21609131]: Source—1984 Sch.8 3A(3); 1985 s.38(7)
[^c22765561]: [S. 482(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/2/a) substituted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/5) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765581]: [S. 482(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/5A) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/6) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765601]: Words in [s. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6) substituted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/7) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765621]: [S. 482(11)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/11/ab) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/8) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22808001]: [S. 482(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/2A) inserted (with effect in accordance with [s. 111(6)(c)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/6/c) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(3)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/3/a)
[^c22806041]: [S. 482(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/11/a) repealed (with effect in accordance with s. 111(6)(c) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(3)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/3/b), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 3
[^c23723871]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 6](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/6)
[^c23723811]: Words in [s. 482(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/1) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c23723711]: Words in [s. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723731]: [S. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6): definition of "certificate of deposit" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723751]: [S. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6): words in definition of "qualifying certificate of deposit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723771]: [S. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6): definition of "uncertificated eligible debt security units" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723821]: Words in [s. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c23723791]: Words in [s. 482(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609341]: Source—1970 s.340, 345; CUA 1979 s.25(2)
[^c21609351]: *See* 1988(F) Sch.8 para.1—*re-basing to* 1982.
[^c22789441]: [S. 486(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/8) excluded (with effect in accordance with s. 131(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1/2/b)
[^c21609361]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609371]: [1969 c. 24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c22792221]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 30(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/30/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792241]: Words in [s. 486(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/7) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 30(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/30/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792261]: [S. 486(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/8) excluded by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 117A(7)(8)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/117A/7/8/b), [117B(5)(6)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/117B/5/6/b) (as inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 62](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/62) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c22802471]: Words in [s. 486(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/10) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22813041]: Words in [s. 486(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/12) substituted (27.3.2002) by [The Ministry of Agriculture, Fisheries and Food (Dissolution) Order 2002 (S.I. 2002/794)](https://www.legislation.gov.uk/uksi/2002/794), [art. 1(2)](https://www.legislation.gov.uk/uksi/2002/794/article/1/2), [Sch. 1 para. 31](https://www.legislation.gov.uk/uksi/2002/794/schedule/1/paragraph/31)
[^c23723951]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723971]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723991]: Words in [s. 486(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724011]: [S. 486(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609381]: Source—1970 s.340A; CUA 1979 s.25(1)
[^c21609391]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609401]: [S.I. 1985/1205](https://www.legislation.gov.uk/uksi/1985/1205) (N.I. 12.).
[^c22792281]: [S. 487(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/1/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792301]: Words in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/2/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792321]: Word in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/2/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792341]: [S. 487(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22808631]: Words in [s. 487(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 40](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/40)
[^c23724211]: Words in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23724231]: Words in [s. 487(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 22
[^c21609491]: Source—1970 s.341; 1972 Sch.11 6
[^c21609511]: *See reference to approved housing associations in* 1988(F) s.43(3)*and* 44.
[^c21609521]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609531]: [1969 c.24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c21609541]: [1985 c. 68](https://www.legislation.gov.uk/ukpga/1985/68).
[^c21609551]: Words in [s. 488(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/6) substituted (15.9.1992) by [S.I. 1992/1725 (N.I. 15)](https://www.legislation.gov.uk/nisi/1992/1725), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1992/1725/article/1/2), [107](https://www.legislation.gov.uk/nisi/1992/1725/article/107), [Sch. 8 para. 5](https://www.legislation.gov.uk/nisi/1992/1725/schedule/8/paragraph/5)
[^c21609561]: [S.I. 1979/1573](https://www.legislation.gov.uk/uksi/1979/1573) (N.I.12.).
[^c22792821]: [S. 488(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/9) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/2)
[^c22792831]: Words in [s. 488(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/10) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/3)
[^c22792851]: [S. 488(11)(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11/11A) substituted for s. 488(11) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/4)
[^c22793891]: [S. 488(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A) inserted (1.10.1996) by [Housing Act 1996 (c. 52)](https://www.legislation.gov.uk/ukpga/1996/52), [s. 232(3)](https://www.legislation.gov.uk/ukpga/1996/52/section/232/3), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1996/52/schedule/3/paragraph/8/2); [S.I. 1996/2402](https://www.legislation.gov.uk/uksi/1996/2402), [art. 3](https://www.legislation.gov.uk/uksi/1996/2402/article/3) (with [Sch.](https://www.legislation.gov.uk/uksi/1996/2402/schedule))
[^c22805841]: [S. 488](https://www.legislation.gov.uk/ukpga/1988/1/section/488): functions transferred (1.7.1999 with effect in accordance with art. 1(2) of the affecting S.I.) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [art. 2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c22801651]: [S. 488(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/3) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22802521]: Words in [s. 488(11A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A/a) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/uksi/1998/3173/section/117/4/5) of the amending Act) by Finance Act 1998 (c, 36), Sch. 19 para. 48(2)(a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22802541]: Words in [s. 488(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 48(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/48/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22803931]: [S. 488(7A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A/b) and preceding word repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158](https://www.legislation.gov.uk/ukpga/1998/38/section/158), [Sch. 16 para. 56](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/56), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22804761]: Words in [s. 488(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/1/b) substituted (with effect in accordance with [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/2/a)
[^c22804171]: [S. 488(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/1/c) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c22804201]: [S. 488(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/2/b) and preceding word repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c22804221]: Words in [s. 488(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/4) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by Finance Act 1999 (c, 16), Sch. 4 para. 15(4), Sch. 20 Pt. 3(7), Note 2
[^c22804781]: Words in [s. 488(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A) substituted (with effect in accordance with [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/5)
[^c22804241]: [S. 488(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/12) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(6)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/6), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c23724271]: Words in [s. 488(6)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/6/iii) substituted (29.7.2004) by [The Scotland Act 1998 (Transfer of Functions to the Scottish Ministers etc.) Order 2004 (S.I. 2004/2030)](https://www.legislation.gov.uk/uksi/2004/2030), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2004/2030/article/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2030/article/5)
[^c23724291]: [S. 488(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A) modified (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2008/3068/article/1/2), [2(1)(b)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/b)
[^c21609571]: See 1976(D)—*exemption of certain housing associations from development land tax.* 1976(D)*repealed from* 19*March* 1985.
[^c21609581]: Source—1970 s.341A
[^c21609591]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609601]: *See reference to approved self-build societies in* 1988(F) s.43(3)*and* s.44.
[^c21609611]: [1985 c. 68](https://www.legislation.gov.uk/ukpga/1985/68).
[^c21609621]: [S.I. 1981/156 (N.I. 3)](https://www.legislation.gov.uk/nisi/1981/156).
[^c21609631]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609641]: [1969 c. 24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c22792891]: [S. 489(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/7) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/2)
[^c22792901]: Words in [s. 489(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/8) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/3)
[^c22792921]: [S. 489(9)(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9/9A) substituted for s. 489(9) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/4)
[^c22793871]: [S. 489(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A) inserted (1.10.1996) by [Housing Act 1996 (c. 52)](https://www.legislation.gov.uk/ukpga/1996/52), [s. 232(3)](https://www.legislation.gov.uk/ukpga/1996/52/section/232/3), [Sch. 3 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/52/schedule/3/paragraph/8/3); [S.I. 1996/2402](https://www.legislation.gov.uk/uksi/1996/2402), [art. 3](https://www.legislation.gov.uk/uksi/1996/2402/article/3) (with [Sch.](https://www.legislation.gov.uk/uksi/1996/2402/schedule))
[^c22802631]: Words in [s. 489(9A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9A/a) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 49(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/49/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22802611]: Word in [s. 489(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 49(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/49/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22805861]: [S. 489](https://www.legislation.gov.uk/ukpga/1988/1/section/489): functions transferred (1.7.1999 with effect in accordance with art. 1(2) of the affecting S.I.) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [art. 2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c23724301]: [S. 489(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A) modified (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2008/3068/article/1/2), [2(1)(b)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/b)
[^c22803961]: [S. 489(5A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A/b) and preceding word repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158](https://www.legislation.gov.uk/ukpga/1998/38/section/158), [Sch. 16 para. 57](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/57), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c21609651]: [S. 490](https://www.legislation.gov.uk/ukpga/1988/1/section/490) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21609661]: Source—1970 s.346
[^c22794281]: Words in [s. 490(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/2) repealed (with effect in accordance with Sch. 18 Pt. 6(6) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(6)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/6)
[^c22800441]: Words in [s. 490(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/1) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800481]: Words in [s. 490(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/4) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800501]: [S. 490(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/5) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22801671]: Words in [s. 490(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/1) repealed (with effect in accordance with Sch. 3 para. 28(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 28(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/28/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21609671]: Source—1970 s.347
[^c21609681]: *See* 1988(F) Sch.14 Part V—*repeal of* (b)*from* 6*April* 1993.
[^c22802651]: Words in [s. 491(3)(4)(5)(6)(8)(b)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/4/5/6/8/b/11) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23724371]: Words in [s. 491(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724391]: Words in [s. 491(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724411]: Words in [s. 491(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724451]: Words in [s. 491(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724491]: Words in [s. 491(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724511]: Words in [s. 491(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724531]: Words in [s. 491(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724551]: [S. 491(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724571]: Words in [s. 491(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/10/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21608401]: Words in [s. 477B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/477B/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(28)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/28) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22813391]: [S. 477B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477B/1A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 48](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/48)
[^c22793861]: [Pt. 12 Ch. 5](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/5) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 8 para. 1(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/1/4)
[^c21609721]: [S. 492(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/1/a/b) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 198(5)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/198/5/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609741]: Words in [s. 492(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 17](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/17)
[^c22808671]: Words in [s. 492(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/5) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/1)
[^c22808691]: Words in [s. 492(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/6) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/2)
[^c22808711]: Words in [s. 492(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/3)
[^c23726061]: Words in [s. 492(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726081]: Words in [s. 492(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726101]: Words in [s. 492(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726121]: Words in [s. 492(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726141]: Words in [s. 492(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609751]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22)
[^c22802721]: [S. 493(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/6) inserted (with effect in accordance with [s. 152(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/152/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 152(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/152/3)
[^c23726241]: Words in [s. 493(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/2/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 191](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/191) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22792941]: Words in [s. 494(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/1) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792961]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792981]: [S. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22793021]: [S. 494(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/4/5) substituted for s. 494(4) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch 14 para. 32(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22801691]: [S. 494(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/4/5) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22813411]: Words in [s. 494(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813431]: Words in [s. 494(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c) renumbered as s. 494(2)(c)(i) (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/b) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813451]: [S. 494(2)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c/ii) and words inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/c) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813521]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/5) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813541]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/6) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813561]: [S. 494(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2ZA) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/7) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813581]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813601]: Words in [s. 494(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A/b) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/b/i) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813621]: Words in [s. 494(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A/b) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/b/ii) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813641]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(c)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/c/i) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813661]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(c)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/c/ii) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813681]: [S. 494(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2B) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/9) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c23726731]: Word at the end of s. 494(2)(b) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/a)
[^c23726751]: [S. 494(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/d) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726771]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/c), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726791]: [S. 494(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2B) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/3), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726831]: Words in [s. 494(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/1) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23726851]: [S. 494(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/3) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c21609771]: [1982 c. 39](https://www.legislation.gov.uk/ukpga/1982/39)
[^c22808851]: Words in [s. 495(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/1)
[^c22808871]: Words in [s. 495(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/2)
[^c22808891]: Words in [s. 495(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/3)
[^c23727621]: Words in [s. 495(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 192](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/192) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609801]: [1983 c. 56](https://www.legislation.gov.uk/ukpga/1983/56).
[^c23728561]: Words in [s. 496(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/1/a) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/2)
[^c23728581]: Words in [s. 496(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/2) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/3)
[^c23728601]: Words in [s. 496(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/3) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/4/a)
[^c23728621]: Words in [s. 496(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/3/b) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/4/b)
[^c23728661]: Words in [s. 496(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/1/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 193](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/193) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22891131]: Words in [s. 500(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/4) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(1)(a)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/1/a)
[^c22891151]: Words in [s. 500(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/4) substituted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(1)(b)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/1/b)
[^c22891171]: [S. 500(5)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/5) substituted for s. 500(5) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/2)
[^c22891211]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): definition of "ring fence trade" added by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/3)
[^c21609931]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c21609941]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28)
[^c21609951]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil extraction activities" repealed (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 55(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/55/1/a/2), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 18 Pt.VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21609961]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil extraction activities" inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 55(1)(b)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/55/1/b/2)
[^c21609971]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence profits" substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(30)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/30) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/171/1), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609981]: [S. 502(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1A) inserted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [300(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/300/1), [Sch. 10 para. 14(30)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/30) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609991]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22805961]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil" substituted (15.2.1999) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [Sch. 4 para. 25](https://www.legislation.gov.uk/ukpga/1998/17/schedule/4/paragraph/25), [s. 52(4)](https://www.legislation.gov.uk/ukpga/1998/17/section/52/4); [S.I. 1999/161](https://www.legislation.gov.uk/uksi/1999/161), [art. 2(1)](https://www.legislation.gov.uk/uksi/1999/161/article/2/1)
[^c22808081]: [S. 502(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/3A) substituted for words in s. 502(3) (with effect in accordance with [Sch. 27 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 9](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/9)
[^c23728921]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence trade" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 194(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/194/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23728941]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence trade" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 194(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/194/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23727051]: [S. 494A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494A/2/b) and preceding word repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23727081]: [S. 494A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494A/3/b) and preceding word repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c22804821]: [1996 c.8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22813711]: Words in [s. 494AA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22813741]: [S. 494AA(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2/b) and preceding word repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c22813771]: Words in [s. 501A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/a) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 18(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/18/2) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813791]: [S. 501A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/b) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 18(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/18/3) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813811]: [S. 501A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/c) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 8](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/8) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23728721]: [S. 501A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/10/b) substituted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 23](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/23)
[^c22808911]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 249(2)](https://www.legislation.gov.uk/ukpga/2001/2/section/249/2) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c22813931]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 32(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/32/4)
[^c23729751]: Words in [s. 503(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729871]: Words in [s. 503(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729771]: Word in [s. 503(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729791]: Words in [s. 503(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729891]: [S. 503(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/2/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729811]: Words in [s. 503(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729831]: Word in [s. 503(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21610111]: [S. 504](https://www.legislation.gov.uk/ukpga/1988/1/section/504) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 241(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/241/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21610121]: Source—1984 s.50(2)-(9)
[^c22793081]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 14(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/14/2)
[^c22793111]: [S. 504(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 14(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/14/3)
[^c23730081]: [S. 504(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730101]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729961]: Word in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730121]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729981]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730001]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730021]: Words in [s. 504(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730171]: Words in [s. 504(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/5/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730191]: Words in [s. 504(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/5/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730221]: Words in [s. 504(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730041]: Words in [s. 504(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730061]: Word in [s. 504(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22754471]: [S. 505](https://www.legislation.gov.uk/ukpga/1988/1/section/505) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 171](https://www.legislation.gov.uk/ukpga/1994/9/section/171)
[^c21610191]: Source—1970 s.360(1)
[^c21610201]: *Repealed by* 1988(F) s.148*and* Sch.14 Part V*from* 6*April* 1988.
[^c21610221]: Source—1986 s.30(1)
[^c21610231]: Source—1986 s.31(1), (2), (3)(c), (d)
[^c21610241]: Words in [s. 505(3)(5)(b)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/3/5/b/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(31)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/31) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/171/1), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21610261]: Source—1986 s.31(7)-(9)
[^c22789231]: [S. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) inserted (with effect in accordance with [s. 138(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/138/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 138(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/138/1)
[^c22789271]: [1976 c. 32](https://www.legislation.gov.uk/ukpga/1976/32).
[^c22789281]: [S.I. 1985/1204 (N.I.11)](https://www.legislation.gov.uk/nisi/1985/1204).
[^c22793141]: [S. 505(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/a) substituted (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/2)
[^c22793191]: [S. 505(1)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/i) repealed (with effect in accordance with Sch. 7 para. 32, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 19(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/1), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22793161]: [S. 505(1)(c)(ii)-(iib)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/ii) substituted for s. 505(1)(c)(ii) (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/3)
[^c22793231]: [S. 505(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/d) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 19(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22793271]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) inserted (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/4)
[^c22793281]: [S. 505(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1A) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para 19(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/3) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22806061]: Words in [s. 505(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/6) repealed (with effect in accordance with s. 41(9) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 41(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/5), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 3
[^c22813951]: [S. 505(1)(c)(iic)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iic) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/3)
[^c23730241]: Words in [s. 505(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730261]: Words in [s. 505(1)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730441]: Words in [s. 505(1)(c)(iia)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iia) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730281]: [S. 505(1)(c)(iiaa)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iiaa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730301]: Words in [s. 505(1)(c)(iib)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iib) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730321]: Words in [s. 505(1)(c)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730341]: Words in [s. 505(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730361]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(h)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/h) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730381]: Words in [s. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730401]: [S. 505(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1AA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730421]: Words in [s. 505(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21610281]: *Definition employed for purposes of*:1990 s.25—*donation to charity by individuals.*1990 s.56*and* Sch.10 para.21—*exemption for convertible securities held by charities.*1990 s.94(1)—*inspection powers* (*definition extended to cover bodies mentioned in* sections 507*and* 508).
[^c21610291]: Source—1970 s.360(3); 1986 s.31(1)(a), (c), Sch.7 1(1)
[^c21610301]: Source—1986 Sch.7 1(2), (3)
[^c21610311]: Source—1986 s.31(4)-(6)
[^c21610431]: *See*1989 s.59—*these bodies treated as established for charitable purposes for purposes of* s.59 (*covenanted subscriptions*).1990 s.25—*donations to charity by individuals.*
[^c21610441]: Source—1980 s.118(1); 1983 s.46(1)
[^c21610451]: 1989 s.60(1)*in relation to accounting periods ending on or after* 14*March* 1989.
[^c21610461]: Words in [s. 507(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/d) substituted (1.9.1992) by [Museums and Galleries Act 1992 (c. 44)](https://www.legislation.gov.uk/ukpga/1992/44), [s. 11(2)](https://www.legislation.gov.uk/ukpga/1992/44/section/11/2), [Sch. 8 para. 1(8)](https://www.legislation.gov.uk/ukpga/1992/44/schedule/8/paragraph/1/8); [S.I. 1992/1874](https://www.legislation.gov.uk/uksi/1992/1874), [art. 2](https://www.legislation.gov.uk/uksi/1992/1874/article/2)
[^c21610471]: [S. 507(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/e) inserted (1.11.1992) by [S.I. 1992/2383](https://www.legislation.gov.uk/uksi/1992/2383), [reg. 2(2)](https://www.legislation.gov.uk/uksi/1992/2383/regulation/2/2), [Sch. para.11](https://www.legislation.gov.uk/uksi/1992/2383/schedule/paragraph/11)
[^c21610491]: *Repealed by* 1989 ss.60(1)*and* 187*and* Sch.17 Part IV*in relation to accounting periods ending on or after* 14*March* 1989.
[^c22802761]: [S. 507(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/f) inserted (2.7.1998) by [National Lottery Act 1998 (c. 22)](https://www.legislation.gov.uk/ukpga/1998/22), [s. 24(1)](https://www.legislation.gov.uk/ukpga/1998/22/section/24/1), [27(4)(b)](https://www.legislation.gov.uk/ukpga/1998/22/section/27/4/b)
[^c22804261]: [S. 507(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/e) omitted (19.4.1999) by virtue of The United Kingdom Ecolabelling Board (Abolition) Regulations 1999 (S.I 1999/931), regs. 1, 9
[^c21610501]: Source—1970 s.362
[^c23732311]: [S. 508(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1/a) substituted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/2)
[^c23732331]: Words in [s. 508(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1) substituted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/3)
[^c23732351]: [S. 508(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1A/1B) inserted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/4)
[^c23732371]: [S. 508(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/3/4) substituted for s. 508(3) (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(5)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/5)
[^c21610511]: [S. 509(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/509/1) extended (with modifications) (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 23](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/23)
[^c21610521]: Source—1970 s.348; 1971 s.28(1)
[^c22802781]: Words in [s. 509(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/509/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21610531]: Source—1970 s.361
[^c21610551]: Source—O.J. No. L199/1.
[^c22789291]: Words in [s. 510A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6) repealed (with effect in accordance with Sch. 29 Pt. 8(16) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16)
[^c22789311]: [S. 510A(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/7/8) repealed (with effect in accordance with Sch. 29 Pt. 8(16) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16)
[^c22813971]: Words in [s. 510A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/3/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/2)
[^c22813991]: Words in [s. 510A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/3) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/3)
[^c22814011]: [S. 510A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/4)
[^c21610681]: *See* ss.89*and* 90*and* Sch.11 Electricity Act 1989*in connection with electricity industry privatisation; and see* s.112*and* Sch.18 Electricity Act 1989*for changes to* s.511*from a day to be appointed.*
[^c21610691]: Source—1970 s.350(3)
[^c21610701]: [1948 c. 67](https://www.legislation.gov.uk/ukpga/1948/67).
[^c21610771]: Source—1973 s.36(1)
[^c21610781]: [1980 c.60](https://www.legislation.gov.uk/ukpga/1980/60).
[^c21610791]: [1980 c.34](https://www.legislation.gov.uk/ukpga/1980/34).
[^c21610801]: Source—1980 s.119(1)-(3)
[^c21610811]: Words in [s. 513(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/513/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(32)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/32) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/171/1), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21610841]: Source—1980 s.63
[^c21610851]: Source—1970 s.370
[^c21610861]: *For Orders in Council see* Part III Vol.5.
[^c22793821]: Words in [s. 516(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/516/1) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 21(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/21/1)
[^c22793841]: Words in [s. 516(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/516/2) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/21/2)
[^c21610871]: Source—1970 s.371
[^c21610881]: [1947 c. 30](https://www.legislation.gov.uk/ukpga/1947/30).
[^c21610931]: Source—1970 s.352(1)-(6); 1971 Sch.8 16; 1986 s.56(7)(a), Sch.13 2(5)(a)
[^c21610941]: Words in [s. 518(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 19(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/19/1)
[^c21610951]: [S. 518(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/6) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/19/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21610961]: Source—1970 s.352(8), (9)
[^c21610971]: Source—1970 s.352(11)
[^c21610981]: [1964 c. 40](https://www.legislation.gov.uk/ukpga/1964/40).
[^c22808931]: Words in [s. 518(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 43](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/43)
[^c22807771]: [S. 519](https://www.legislation.gov.uk/ukpga/1988/1/section/519) extended (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [ss. 419(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/1/2/a), [425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2) (with [s. 157(4)](https://www.legislation.gov.uk/ukpga/1999/29/section/157/4)); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c21610991]: Source—1970 s.353(1), (4)
[^c21611001]: Definition applied for purposes of—1979(C) s.149B(3)—*miscellaneous exemptions.*1988 s.832(1)—*interpretation of Tax Acts.*
[^c21611021]: Subs.(4)*repealed by* 1990 s.127*and* Sch.18 para.5(2)*and* 132*and* Sch.19 Part IV*on and after* 1*April* 1990.
[^c21611051]: Word in [s. 519A(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/g) repealed by [S.I. 1991/195](https://www.legislation.gov.uk/uksi/1991/195), [art. 6](https://www.legislation.gov.uk/uksi/1991/195/article/6)
[^c21611061]: [S. 519A(2)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/i) (j) (k) added by [S.I. 1991/195](https://www.legislation.gov.uk/uksi/1991/195), [art. 6](https://www.legislation.gov.uk/uksi/1991/195/article/6)
[^c22789341]: [S. 519A(2)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a/aa) substituted for s. 519A(2)(a) (1.4.1996) by [Health Authorities Act 1995 (c. 17)](https://www.legislation.gov.uk/ukpga/1995/17), [s. 2(3)](https://www.legislation.gov.uk/ukpga/1995/17/section/2/3), [Sch. 1 para. 114(a)](https://www.legislation.gov.uk/ukpga/1995/17/schedule/1/paragraph/114/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/1995/17/schedule/2))
[^c22789361]: [S. 519A(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/c) repealed (1.4.1996) by [Health Authorities Act 1995 (c. 17)](https://www.legislation.gov.uk/ukpga/1995/17), [s. 2(3)](https://www.legislation.gov.uk/ukpga/1995/17/section/2/3), [Sch. 1 para. 114(b)](https://www.legislation.gov.uk/ukpga/1995/17/schedule/1/paragraph/114/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/1995/17/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/1995/17/schedule/2))
[^c22809081]: [S. 519A(2)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/ab) inserted (1.4.2000 for E.W. and 11.5.2001 otherwise) by [Health Act 1999 (c. 8)](https://www.legislation.gov.uk/ukpga/1999/8), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1999/8/section/67/1), [Sch. 4 para. 73](https://www.legislation.gov.uk/ukpga/1999/8/schedule/4/paragraph/73); [S.I. 1999/2342](https://www.legislation.gov.uk/uksi/1999/2342), [art. 2(4)(b)(i)](https://www.legislation.gov.uk/uksi/1999/2342/article/2/4/b/i); [S.I. 2001/1985](https://www.legislation.gov.uk/uksi/2001/1985), [art. 2(4)](https://www.legislation.gov.uk/uksi/2001/1985/article/2/4)
[^c22892951]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) inserted (1.10.2002) by [The National Health Service Reform and Health Care Professions Act 2002 (Supplementary, Consequential etc. Provisions) Regulations 2002 (S.I. 2002/2469)](https://www.legislation.gov.uk/uksi/2002/2469), [reg. 1](https://www.legislation.gov.uk/uksi/2002/2469/regulation/1), [Sch. 1 para. 14](https://www.legislation.gov.uk/uksi/2002/2469/schedule/1/paragraph/14)
[^c22814041]: [S. 519A(2)(aba)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/aba) inserted (10.10.2002 for W., otherwise prosp.) by [National Health Service Reform and Health Care Professions Act 2002 (c. 17)](https://www.legislation.gov.uk/ukpga/2002/17), [s. 42(3)](https://www.legislation.gov.uk/ukpga/2002/17/section/42/3), [Sch. 5 para. 27](https://www.legislation.gov.uk/ukpga/2002/17/schedule/5/paragraph/27); [S.I. 2005/2352](https://www.legislation.gov.uk/uksi/2005/2352), [art. 2](https://www.legislation.gov.uk/uksi/2005/2352/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/2352/schedule)
[^c23732651]: [S. 519A(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/bb) inserted (1.4.2004) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [ss. 33(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/33/1), [199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1); [S.I. 2004/759](https://www.legislation.gov.uk/uksi/2004/759), [art. 2](https://www.legislation.gov.uk/uksi/2004/759/article/2)
[^c23732671]: [S. 519A(3)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/3) added (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 148](https://www.legislation.gov.uk/ukpga/2004/12/section/148)
[^c23732691]: [S. 519A(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/h) repealed (1.4.2005) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [ss. 190(2)](https://www.legislation.gov.uk/ukpga/2003/43/section/190/2), [199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1), [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/2003/43/schedule/13/paragraph/5), [Sch. 14 Pt. 7](https://www.legislation.gov.uk/ukpga/2003/43/schedule/14/part/7); [S.I. 2005/457](https://www.legislation.gov.uk/uksi/2005/457), [art. 2(1)(a)(b)](https://www.legislation.gov.uk/uksi/2005/457/article/2/1/a/b)
[^c23732731]: [S. 519A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/e) repealed (S.) (27.9.2005) by [The Mental Health (Care and Treatment) (Scotland) Act 2003 (Modification of Enactments) Order 2005 (S.S.I. 2005/465)](https://www.legislation.gov.uk/ssi/2005/465), [art. 1](https://www.legislation.gov.uk/ssi/2005/465/article/1), [Sch. 2](https://www.legislation.gov.uk/ssi/2005/465/schedule/2); and s. 519A(2)(e) repealed (E.W.N.I.) (5.10.2005) by [The Mental Health (Care and Treatment) (Scotland) Act 2003 (Consequential Provisions) Order 2005 (S.I. 2005/2078)](https://www.legislation.gov.uk/uksi/2005/2078), [art. 1(1)](https://www.legislation.gov.uk/uksi/2005/2078/article/1/1), [Sch. 3](https://www.legislation.gov.uk/uksi/2005/2078/schedule/3)
[^c23732751]: [S. 519A(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/f) repealed (1.4.2006) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [s. 199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1), [Sch. 14 Pt. 4](https://www.legislation.gov.uk/ukpga/2003/43/schedule/14/part/4); [S.I. 2005/2925](https://www.legislation.gov.uk/uksi/2005/2925), [art. 11](https://www.legislation.gov.uk/uksi/2005/2925/article/11)
[^c22793651]: [1988 c. 50](https://www.legislation.gov.uk/ukpga/1988/50).
[^c22793661]: [1988 c. 43](https://www.legislation.gov.uk/ukpga/1988/43).
[^c22793671]: [1988 c. 50](https://www.legislation.gov.uk/ukpga/1988/50).
[^c22793681]: [1988 c. 43](https://www.legislation.gov.uk/ukpga/1988/43).
[^c22793691]: [1977 c. 42](https://www.legislation.gov.uk/ukpga/1977/42).
[^c22793701]: [1984 c. 58](https://www.legislation.gov.uk/ukpga/1984/58).
[^c22793711]: [S.I. 1978/1050 (N.I. 20)](https://www.legislation.gov.uk/nisi/1978/1050).
[^c22793721]: [S.I. 1979/1573 (N.I. 12)](https://www.legislation.gov.uk/nisi/1979/1573).
[^c22793731]: [1954 c. 33 (N.I.)](https://www.legislation.gov.uk/apni/1954/33).
[^c23729261]: [S. 502B](https://www.legislation.gov.uk/ukpga/1988/1/section/502B) excluded (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 11(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/11/2)
[^c23729281]: [S. 502B](https://www.legislation.gov.uk/ukpga/1988/1/section/502B) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 5](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/5)
[^c23729271]: [S. 502C](https://www.legislation.gov.uk/ukpga/1988/1/section/502C) excluded (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 11(8)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/11/8)
[^c23729291]: [S. 502C](https://www.legislation.gov.uk/ukpga/1988/1/section/502C) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 7](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/7)
[^c21611181]: Source - 1970 s.380(1)
[^c21611191]: Source - 1970 s.380(2)
[^c21611201]: *See* S.I. [1970 No.488](https://www.legislation.gov.uk/ukcm/1970/488) (*under* “Double taxation relief: general” *in* Part III Vol.5) regns. 2-10—*payments exempt under double taxation agreements.*
[^c21611221]: Source - 1970 s.380(4)
[^c21611231]: Source - 1970 s.380(5)
[^c22776211]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/2/a)
[^c22776231]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/2/b)
[^c22776251]: [S. 524(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/3)
[^c23733541]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733581]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733601]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733631]: Word in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733651]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733681]: Word in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733851]: [S. 524(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733871]: Words in [s. 524(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733701]: Words in [s. 524(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733721]: Words in [s. 524(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733891]: [S. 524(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733741]: [S. 524(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733911]: Words in [s. 524(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/8), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733761]: Word in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733781]: Words in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733811]: Word in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733831]: Word in [s. 524(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(10)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611251]: Source - 1970 s.381(2)
[^c22771321]: [S. 525(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/5) repealed (with effect in accordance with Sch. 14 Pt. 8 Note 4 of the repealing Act) by Finance Act [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 8](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/8)
[^c22781431]: Words in [s. 525(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 45](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/45)
[^c23733991]: [S. 525(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734051]: [S. 525(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734011]: Words in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734071]: Words in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/ii), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734031]: Word in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734091]: [S. 525(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611291]: Source - 1970 s.382
[^c22795671]: Word in [s. 526(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23734141]: Word in [s. 526(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734161]: Word in [s. 526(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734181]: Words in [s. 526(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734201]: Word in [s. 526(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734221]: [S. 526(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734241]: Words in [s. 527(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 204](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/204) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611321]: Source-1970 s.385; 1985 s.64(2)(d)-(f)
[^c22781201]: [S. 528(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/1/4) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(1)(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/1/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781451]: Words in [s. 528(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/2/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/2)
[^c22781481]: [S. 528(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3A) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/3)
[^c23734301]: [S. 528(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734321]: Words in [s. 528(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734341]: Words in [s. 528(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611411]: Source-1970 s.386(2); 1985 s.65(3)(a)
[^c22795691]: [S. 531(2)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/2/7) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 19(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/19/2)
[^c21611431]: Source-1970 s.386(4); 1985 s.65(3)(b)
[^c21611441]: Source-1970 s.386(4)-(6)
[^c21611451]: Source-1970 s.386(8); 1985 Sch.18 Part II 8
[^c22781501]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/1)
[^c22781271]: Words in [s. 531(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781521]: Words in [s. 531(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/3)
[^c22781291]: Words in [s. 531(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/7) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23734371]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734391]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734421]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734451]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734471]: [S. 531(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734491]: Words in [s. 531(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734511]: [S. 531(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734531]: Word in [s. 531(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734571]: Words in [s. 531(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734551]: Words in [s. 531(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734601]: Word in [s. 531(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734621]: Words in [s. 531(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734661]: [S. 531(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/8), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734641]: Word in [s. 531(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781551]: [S. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 49](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/49)
[^c23734681]: Words in [s. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 208](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/208) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611551]: Source-1970 s.388; 1985 s.64(2)(g)
[^c22771361]: Words in [s. 533(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/4) inserted (with retrospective effect) by Finance Act 1988, Sch. 13 Pt. 1 paras. 5, 1
[^c21611571]: Source-1970 s.386(8); 1985 Sch.18 Part II 8
[^c22781591]: Words in [ss. 533(1)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 50(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/50/1)
[^c22781331]: Words in [s. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 4)](https://www.legislation.gov.uk/ukpga/2001/4), [Sch. 2 para. 50(2)(b)](https://www.legislation.gov.uk/ukpga/2001/4/schedule/2/paragraph/50/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/4/schedule/4)
[^c22781651]: Words in [s. 533(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 50(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/50/3)
[^c23734721]: Words in [s. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734741]: [S. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1): definition of "income from patents" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734761]: Words in [s. 533(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611611]: See—1988 s.387—*sums assessed under* s.350*by virtue of* s.536*not to be carried forward under* s.387*as trading losses.*1988 s.821—*under-deductions of tax from payments made before passing of annual Act.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1970 No.488](https://www.legislation.gov.uk/ukcm/1970/488) (*under* “*Double Taxation relief: general*” *in* Part III Vol.5) regns.2-10—*payments exempt under double taxation agreements.*
[^c21611621]: Source-1970 s.391
[^c22774341]: Words in [s. 536(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/536/2) substituted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(5)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/5); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c22774941]: Words in [s. 536(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/536/2) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(10)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/10/a), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c22774961]: Words in [s. 536(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/536/4) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(10)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/10/b), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c21611641]: Source-1983 s.27(b)
[^c22781911]: Words in [s. 537](https://www.legislation.gov.uk/ukpga/1988/1/section/537) substituted (with application in accordance with [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/4/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 24 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/4/1/a)
[^c22781931]: Words in [s. 537](https://www.legislation.gov.uk/ukpga/1988/1/section/537) substituted (with application in accordance with [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/4/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 24 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/4/1/b)
[^c22774981]: Words in [s. 537B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/537B/2) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(10)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/10/a), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c22775001]: Words in [s. 537B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/537B/4) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(10)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/10/b), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c22774361]: Words in [s. 539(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/1) repealed (with effect in accordance with Sch. 17 Pt. 5 Note 6 of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/5)
[^c21611751]: [S. 539(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/9) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/2)
[^c21611761]: Source-1970 s.393(1); 1971 Sch.6 41; 1972 Sch.24 23
[^c21611781]: Source-1970 s.393(2)(a), (c); 1971 Sch.3 11
[^c21611791]: Source-1970 s.393(2A); 1971 Sch.2 6
[^c21611801]: [1924 c. 27](https://www.legislation.gov.uk/ukpga/1924/27).
[^c21611811]: Source-1970 s.393(3); 1985 s.41(8) 56, Sch. 9 para. 15
[^c21611821]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "friendly society" inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.15](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/15); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21611831]: Source-1975 Sch.2 15
[^c21611841]: Source-1970 s.393(4), (5)
[^c22776391]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): word in definition of "capital redemption policy" substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/4)
[^c22780881]: [S. 539(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/2/d) and preceding word inserted (with effect in accordance with [Sch. 13 para. 2(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/2/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22781951]: [S. 539(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/2)
[^c23745031]: [S. 539(2)(e)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/2/e/f) and preceding word added (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/2)
[^c23745111]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "charitable trust" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/6)
[^c23745051]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "credit union" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745071]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "excepted group life policy" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745091]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "group life policy" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745131]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "non-charitable trust" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/6)
[^c23745171]: Words in [s. 539(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745191]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "life annuity" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745211]: [S. 539(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611861]: Source-1970 s.394(1), (2); 1975 Sch.2 9(1), (2)
[^c21611881]: Source-1970 s.394(4); 1983 s.18(1) 1975 Sch.2 10
[^c21611891]: Source-1970 s.394(5), (6); 1975 Sch.2 10
[^c22774401]: Words in [s. 540(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/4) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/3/2)
[^c22774421]: [S. 540(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/5A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/3/3)
[^c21611921]: Source-1982 s.34
[^c22781971]: Words in [s. 540(1)(a)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/1/a/v) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/3/2)
[^c22781991]: Words in [s. 540(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/1/b/ii) inserted (with effect in accordance with s, 83(2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/3/3)
[^c23745291]: [S. 540(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/2) repealed (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 14(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/14/1), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 2 (with Sch. 34 para. 15)
[^c23745311]: Words in [s. 540(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [75](https://www.legislation.gov.uk/uksi/2005/3229/regulation/75)
[^c22778611]: [S. 541](https://www.legislation.gov.uk/ukpga/1988/1/section/541) extended (retrospectively and with effect in accordance with s. 79(7)(8) of the extending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 79(3)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/79/3/b)
[^c21611931]: Source-1970 s.395(1); 1975 Sch.2 11(1)
[^c21611941]: Source-1970 s.395 (2), (3)
[^c21611961]: [S. 541(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/4A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/4/2)
[^c21611971]: Source-1970 s.395(4); 1982 s.34; 1975 Sch.2 10
[^c21611981]: [S. 541(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/5/c) and word inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 4(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/4/3)
[^c21611991]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43)
[^c22782011]: Words in [s. 541(1)(a)(ii)(b)(ii)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/a/ii/b/ii/c/ii) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/2)
[^c22782051]: Words in [s. 541(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/d) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/3)
[^c22781811]: [S. 541(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/4) repealed (with effect in accordance with s. 83(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/4), [Sch. 33 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/9), Note
[^c22782851]: Words in [s. 541(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/c) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/3)
[^c22782871]: [S. 541(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/3A) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/4)
[^c21612001]: Source-1970 s.396(1); 396(1); 1975 Sch.2 9(3), 12
[^c21612011]: Source-1970 s.396(2), (3); 1983 s.18(2); 1975 Sch.2 12
[^c22782071]: Words in [s. 542(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/542/1/c) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 5(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/5/2)
[^c22782091]: Words in [s. 542(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/542/3) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 5(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/5/3)
[^c21612021]: Source-1970 s.397; 1975 Sch.2 13
[^c22782111]: Words in [s. 543(1)(a)(ii)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/a/ii/b/ii) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 6(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/6/2)
[^c22782141]: Words in [s. 543(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/c) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/6/3)
[^c22782891]: Words in [s. 543(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/b) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/6)
[^c22782911]: [S. 543(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/2A) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/7)
[^c23745331]: Words in [s. 543(1)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 212](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/212) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612031]: Source-1983 Sch.4 1
[^c21612041]: Source-1983 s.18(3), Sch.4 2(1)
[^c21612051]: Source-1983 Sch.4 2(2)
[^c21612061]: Source-1983 Sch.4 2(3)
[^c21612071]: Source-1983 Sch.4 2(4)
[^c23745351]: Words in [s. 544(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/544/6/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 213](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/213) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745371]: Words in [s. 544(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/544/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [76](https://www.legislation.gov.uk/uksi/2005/3229/regulation/76)
[^c21612081]: Source-1970 s.398; 1975 Sch.2 14, 9(4)
[^c22782161]: Words in [s. 545(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/545/1/d) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 7](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/7)
[^c23745411]: [S. 545(1)(a)(i)-(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/545/1/a/i) substituted for words in s. 545(1)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 214](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/214) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612091]: Source-1975 Sch.2 9(5), (8)
[^c21612101]: Source-1975 Sch.2 9(6), (7)
[^c21612111]: Source-1975 Sch.2 9(9)
[^c21612121]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43)
[^c22782181]: Words in [s. 546(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a) renumbered as s. 546(1)(a)(i) (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by virtue of [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para 8(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/a)
[^c22782201]: Words in [s. 546(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/b)
[^c22782221]: [S. 546(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a/ii) and preceding word inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(2)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/c)
[^c22782241]: [S. 546(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/6) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/3)
[^c21612171]: [S. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/8) of the amending Act) by Finance Act 1989 (c. 26 ), Sch. 9 para. 5(3)
[^c21612221]: [S. 547(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/8) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/5/3)
[^c21612361]: Source-1970 s.399(1); 1972 Sch.24 24
[^c21612441]: [S. 547(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/5A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/9/1)
[^c21612491]: [S. 547(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 9(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/9/3)
[^c22775871]: [S. 547](https://www.legislation.gov.uk/ukpga/1988/1/section/547): power to modify conferred (with effect in accordance with s. 56(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/3)
[^c22775061]: [S. 547(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/6A) inserted (with effect in accordance with [s. 56(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/1)
[^c22775101]: [S. 547(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/7A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/2/b)
[^c22778951]: [S. 547(1)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/d/e) inserted (with effect in accordance with [Sch. 14 para. 7(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/1/2/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/3)
[^c22778741]: [S. 547(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/3) repealed (with effect in accordance with Sch. 14 para. 7(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/4), [Sch. 27 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/19), Note
[^c22779011]: [S. 547(5AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/5AA) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/7)
[^c22779031]: [S. 547(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/8)
[^c22779091]: [S. 547(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/14) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/10)
[^c22782301]: Words in [s. 547(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/2)
[^c22782321]: [S. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/3)
[^c22782341]: [S. 547(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/4)
[^c23745551]: Word in [s. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/3)
[^c23745571]: [S. 547(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/cc) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/4)
[^c23745651]: [S. 547(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/8)
[^c23745751]: [S. 547(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/11)
[^c23745891]: [S. 547(1)(a)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/a/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745831]: Words in [s. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745851]: Word in [s. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745871]: Word in [s. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745951]: [S. 547(4A)-(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4A)(9)-(14) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612501]: Source-1975 Sch.2 16; 1976 s.35
[^c22774461]: Words in [s. 548(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/c) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/2/b)
[^c22774481]: Words in [s. 548(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/2/c)
[^c22774501]: [S. 548(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/3A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/3)
[^c22780711]: [S. 548(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/3/a) substituted (with effect in accordance with [Sch. 4 para. 18(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/16)
[^c23746361]: Words in [s. 548(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/c) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 9(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/9/3)
[^c23746381]: [S. 548(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 218](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/218) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747201]: Words in [s. 552(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747241]: Words in [s. 552(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/7/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747261]: Words in [s. 552(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/7/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747281]: Words in [s. 552(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/9/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747301]: Words in [s. 552(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/9/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612761]: Source-1984 Sch.15 Part III; 1984 s.76(5); 1985 s.51
[^c22775181]: [S. 553](https://www.legislation.gov.uk/ukpga/1988/1/section/553): power to modify conferred (with effect in accordance with s. 56(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/3)
[^c22797631]: Words in [s. 553(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/2) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(8)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/8/a) (with saving)
[^c22774921]: [S. 553(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/6A) inserted (with effect in accordance with [s. 56(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/2)
[^c22775161]: [S. 553(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/7A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/3)
[^c22776431]: Words in [s. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10) substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/5)
[^c22779501]: Words in [s. 553(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/3) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/2)
[^c22779521]: [S. 553(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/5A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/3)
[^c22779541]: [S. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10): definition of "foreign institution" inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/4)
[^c22782561]: Words in [s. 553(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/3) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/2) of the amending Act) by Finance Act 2001, (c. 9), Sch. 28 para. 17(2)
[^c22782601]: Words in [s. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 17(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/17/4)
[^c23748361]: [S. 553(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748401]: [S. 553(6)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748381]: [S. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10): words in definition of "foreign institution" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782401]: [S. 547A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/2) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para 12](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/12)
[^c23746121]: Word in [s. 547A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/a) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/2)
[^c23746141]: Word in [s. 547A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/b) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/3)
[^c23746161]: [S. 547A(3)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/cc) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/4)
[^c23746181]: Words in [s. 547A(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/d) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/5)
[^c23746201]: [S. 547A(3)(d)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/d/ia) substituted for word at the end of s. 547A(3)(d)(i) (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/6)
[^c23746221]: Word in [s. 547A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/6) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(7)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/7)
[^c23746241]: Word in [s. 547A(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/10/a) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(8)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/8/a)
[^c23746261]: Word in [s. 547A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/10) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(8)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/8/b)
[^c23746281]: [S. 547A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23746321]: [S. 547A(15)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/15): definition of "foreign institution" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23746301]: [S. 547A(16)(17)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/16/17) substituted for s. 547A(16) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782481]: Words in [s. 551A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/551A/1/b) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 16](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/16)
[^c23746501]: Words in [s. 551A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/551A/1/b) substituted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 11](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/11)
[^c23748471]: [S. 553A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553A/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 227(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/227/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748491]: [S. 553A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553A/4): words in definition of "new non-resident policy" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 227(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/227/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748551]: Words in [s. 553C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748571]: Words in [s. 553C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748601]: Words in [s. 553C(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748621]: Words in [s. 553C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748661]: Word at the end of s. 553C(4)(b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748641]: Word in [s. 553C(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748701]: [S. 553C(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4/d) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748681]: [S. 553C(9A)-(9E)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/9A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782931]: Words in [s. 546B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/546B/1) inserted (with effect in accordance with [s. 87(12)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/12) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(9)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/9)
[^c22782951]: [S. 546B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/546B/1A) inserted (with effect in accordance with [s. 87(12)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/12) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(10)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/10)
[^c23745431]: Words in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745451]: Word in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745491]: [S. 546C(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8/a) and word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745471]: Words in [s. 546C(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745511]: Words in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/e), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612781]: *See* 1988(F) s.130(7)—*payment of outstanding tax by migrating companies.*
[^c21612791]: Source-1986 Sch.11 1
[^c21612801]: Source-1986 Sch.11 2(1)
[^c21612811]: Source-1986 Sch.11 2(3)
[^c21612821]: Source-1986 Sch.11 2(2), (4)
[^c21612831]: Source-1986 Sch.11 2(5), (6)
[^c21612841]: Source-1986 Sch.11 2(7)
[^c21612851]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612861]: Source-1986 Sch.11 3(1)
[^c21612871]: Source-1986 Sch.11 4
[^c21612901]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612911]: Source-1986 Sch.11 6(4) 7(6)
[^c21612921]: Source-1986 Sch.11 6(2), 7(5)
[^c23749111]: [S. 556(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749071]: [S. 556(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749131]: [S. 556(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749091]: Words in [s. 556(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612951]: Source-1986 Sch.11 9
[^c21612961]: Source-1986 Sch.11 5
[^c21612971]: Source-1986 Sch.11 10, 11(2)
[^c21612981]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612991]: Source-1986 Sch.11 11(1), (3)
[^c21613121]: *See*—1970(M) s.62(1A)—*priority of claim for tax.*1970(M) s.63(3)—*recovery of tax in Scotland.*1970(M) s.64(1A)—*priority in cases of poinding in Scotland.*
[^c21613131]: Source-1975 (No.2) s.69(1), 70A(2); 1982 Sch.8 5
[^c21613141]: *See* 1988(F) s.130(7)(d)—*payment of outstanding tax by migrating companies.*
[^c21613151]: Source-1975 (No.2) s.69(4), (5); 1987 s.23
[^c21613171]: *See* Insolvency (Northern Ireland) Order 1989, Art.381(2)*and* Sch.9 para.61*and* Art.382*and* Sch.10 (S.I. [1989 No.2405](https://www.legislation.gov.uk/ukcm/1989/2405)—*not reproduced*)
[^c21613181]: [S. 559(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/6) repealed (N.I.) (1.10.1991) by [S.I. 1989/2404](https://www.legislation.gov.uk/uksi/1989/2404), [art. 382](https://www.legislation.gov.uk/uksi/1989/2404/article/382), [Sch. 10](https://www.legislation.gov.uk/uksi/1989/2404/schedule/10); [S.R. 1991/411](https://www.legislation.gov.uk/nisr/1991/411), [art. 2](https://www.legislation.gov.uk/nisr/1991/411/article/2)
[^c21613191]: Source-1975 (No.2) Sch.12 Pt.I 2(2); 1980 Sch.8 4(3); 1982 Sch.8 8
[^c21613201]: Source-1972 s.71(5); 1982 Sch.8 6
[^c22775261]: [S. 559(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/3) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 1, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/1/2), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775241]: [S. 559(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/3A) inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/1/3); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22777861]: [S. 559(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/72/3)
[^c22778631]: [S. 559(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 54(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/54/5)
[^c22775281]: Words in [s. 559(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4) substituted (with effect in accordance with the amending provision) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 139(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/139/1); [S.I. 2000/922](https://www.legislation.gov.uk/uksi/2000/922), [art. 2](https://www.legislation.gov.uk/uksi/2000/922/article/2)
[^c22775301]: [S. 559(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4A) inserted (with effect in accordance with the amending provision) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 139(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/139/1); [S.I. 2000/922](https://www.legislation.gov.uk/uksi/2000/922), [art. 2](https://www.legislation.gov.uk/uksi/2000/922/article/2)
[^c22779841]: Words in [s. 559(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/1) substituted (with effect in accordance with [s. 55(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/55/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 55(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/55/2)
[^c22779861]: [S. 559(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/1A) inserted (with effect in accordance with [s. 55(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/55/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 55(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/55/2)
[^c22779321]: [S. 559(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/5A) inserted (with effect in accordance with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/1)
[^c22782971]: Words in [s. 559(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4) repealed (with effect in accordance with s. 40(4) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/1), Note
[^c22783011]: [S. 559(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/5/5A) repealed (with effect in accordance with s. 40(4) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/1), Note
[^c22783041]: [S. 559(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/8) repealed (with effect in accordance with s. 40(4) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/1), Note
[^c23749331]: Words in [s. 559(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/1A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 58](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/58) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21613241]: Source-1975 (No.2) s.69(2)
[^c21613251]: Source-1975 (No.2) s.69(3)
[^c21613271]: Source-1975 (No.2) s.69(3A); 1980 Sch.8 1
[^c21613281]: Source-1975 (No.2) s.69(3B), (3C); 1980 Sch.8 1
[^c21613291]: Source-1975 (No.2) s.71(3)
[^c21613301]: [1981 c. 64](https://www.legislation.gov.uk/ukpga/1981/64).
[^c21613311]: [1968 c. 16](https://www.legislation.gov.uk/ukpga/1968/16).
[^c21613321]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c21613331]: [S.I. 1981/156 (N.I. 3)](https://www.legislation.gov.uk/nisi/1981/156).
[^c21613341]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c21613351]: [1965 c. 13 (N.I.)](https://www.legislation.gov.uk/apni/1965/13).
[^c22775321]: [S. 560(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/aa) inserted (with application in accordance with [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/2/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/2/1/a)
[^c22775341]: [S. 560(2)(ea)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/ea) inserted (with application in accordance with Sch. 27, [para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/2/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27), [para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/2/1/b)
[^c22775361]: Words in [s. 560(2)(f)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/f/3) substituted (with application in accordance with [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/2/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27), [para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/2/2)
[^c22779341]: Words in [s. 560(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2) inserted (with effect in accordance with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/2)
[^c22779361]: [S. 560(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2A/2B) inserted (with effect in accordance with [Sch. 8 para. 2(3)(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/3/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/2)
[^c22780211]: [S. 560(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/da) inserted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [Sch. 16 para. 58(a)](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/58/a); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22780251]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c22780231]: Words in [s. 560(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/e) repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [Sch. 16 para. 58(b)](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/58/b), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22780771]: Words in [s. 560(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/aa) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No.2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(3)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/3)
[^c22783061]: Words in [s. 560(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c21613361]: Source-1975 (No.2) s.70(1)-(6), (9)-(11), 70A(1), (2), 71(4); 1982 Sch.8 3, 5; 1987 (No.2) s.93
[^c22771281]: Words in [s. 561(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/2/c) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/5)
[^c22775401]: Words in [s. 561(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/1) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 1, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1999/2156](https://www.legislation.gov.uk/uksi/1999/2156), [art. 2(a)](https://www.legislation.gov.uk/uksi/1999/2156/article/2/a)
[^c22775511]: Words in [s. 561(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/2/b) substituted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 3(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/3/1); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775421]: Words in [s. 561(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/3) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 3, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1999/2156](https://www.legislation.gov.uk/uksi/1999/2156), [art. 2(a)](https://www.legislation.gov.uk/uksi/1999/2156/article/2/a)
[^c22775441]: [S. 561(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/4/5) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 1, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1999/2156](https://www.legislation.gov.uk/uksi/1999/2156), [art. 2(a)](https://www.legislation.gov.uk/uksi/1999/2156/article/2/a)
[^c22775471]: Words in [s. 561(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/6) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 3, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1999/2156](https://www.legislation.gov.uk/uksi/1999/2156), [art. 2(a)](https://www.legislation.gov.uk/uksi/1999/2156/article/2/a)
[^c22775531]: Words in [s. 561(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/10) substituted (with effect in accordance with Sch, 27 [para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/8/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 3(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/3/2); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 2](https://www.legislation.gov.uk/uksi/1998/2620/article/2)
[^c22775551]: Words in [s. 561(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/11) inserted (with effect in accordance with [Sch. 27 para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/3/3/a)
[^c22775571]: Words in [s. 561(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/11) substituted (with effect in accordance with Sch, 27 [para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/8/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/3/3/b); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 2](https://www.legislation.gov.uk/uksi/1998/2620/article/2)
[^c22775491]: [S. 561(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/12) repealed (with effect in accordance with Sch. 27 para. 8(2) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21), Note 2; [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 2](https://www.legislation.gov.uk/uksi/1998/2620/article/2)
[^c23749351]: Words in [s. 561(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 59](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/59) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21613371]: Source-1975 (No.2) Sch.12 Pt. I 1
[^c21613431]: Source-1975 (No.2) Sch.12 Pt.I 3(1); 1982 Sch.8 11
[^c21613441]: Source-1975 (No.2) Sch.12 Pt.I 3(1A); 1982 Sch.8 12
[^c21613451]: Source-1975 (No.2) Sch.12 Pt.I 3(2); 1980 Sch.8 7; 1982 Sch.8 13
[^c21613471]: Source-1975 (No.2) Sch.12 Pt.I 4.
[^c21613481]: [1975 c. 14](https://www.legislation.gov.uk/ukpga/1975/14).
[^c21613491]: [1975 c. 15](https://www.legislation.gov.uk/ukpga/1975/15).
[^c21613501]: Source-1975 (No.2) Sch.12 Pt.I 7
[^c22780831]: [Ss. 562-565](https://www.legislation.gov.uk/ukpga/1988/1/section/562) modified (retrospectively, with application in accordance with s. 53(3) of the modifying Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 53(1)(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/53/1/2)
[^c22775591]: Words in [s. 562(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/1) repealed (with effect in accordance with Sch. 27 para. 8(1), Sch. 29 Pt. 8(21) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/2/a), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775671]: Words in [s. 562(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/1) inserted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/2/b); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775691]: [S. 562(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/2A/2B) inserted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/3); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775611]: [S. 562(3)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/3) repealed (with effect in accordance with Sch. 27 para. 8(1), Sch. 29 Pt. 8(21) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775711]: Words in [s. 562(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/9) substituted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/5); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775731]: Words in [s. 562(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/11) substituted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/6); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775751]: [S. 562(13A)(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/13A/14) substituted for s. 562(14) (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/7); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c21613611]: Source-1975 (No.2) Sch.12 Pt.III 1, 2; 1980 Sch.8 7
[^c22775771]: [S. 564(2A)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/564/2A) substituted for s. 564(3)-(5) (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/6); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22780861]: [Ss. 562-565](https://www.legislation.gov.uk/ukpga/1988/1/section/562) modified (retrospectively, with application in accordance with s. 53(3) of the modifying Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 53(1)(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/53/1/2)
[^c22779401]: Words in [s. 564(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/564/2A) substituted (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/3/1)
[^c22779421]: [S. 564(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/564/2AA) inserted (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/3/2)
[^c22779441]: [S. 564(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/564/2C) inserted (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/3/3)
[^c21613691]: Words in [s. 565(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/6/a) substituted (E.W.S.) (1.4.1990 with effect in accordance with [S.I. 1990/355](https://www.legislation.gov.uk/uksi/1990/355), [arts. 6-9](https://www.legislation.gov.uk/uksi/1990/355/article/6), [Sch. 1](https://www.legislation.gov.uk/uksi/1990/355/schedule/1)) by [Companies Act 1989 (c. 40)](https://www.legislation.gov.uk/ukpga/1989/40), [Sch. 10 para. 38(3)](https://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/38/3); [S.I. 1990/355](https://www.legislation.gov.uk/uksi/1990/355), [arts. 3](https://www.legislation.gov.uk/uksi/1990/355/article/3), [8](https://www.legislation.gov.uk/uksi/1990/355/article/8), [Sch. 1](https://www.legislation.gov.uk/uksi/1990/355/schedule/1)
[^c21613711]: Words in [s. 565(6)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/6/d) substituted (E.W.S) (1.10.1990 with saving and transitional provisions in [S.I. 1990/1707](https://www.legislation.gov.uk/uksi/1990/1707), [arts. 4](https://www.legislation.gov.uk/uksi/1990/1707/article/4), [5](https://www.legislation.gov.uk/uksi/1990/1707/article/5)) by [Companies Act 1989 (c. 40)](https://www.legislation.gov.uk/ukpga/1989/40), [s. 139(5)](https://www.legislation.gov.uk/ukpga/1989/40/section/139/5)
[^c21613751]: Source-1975 (No.2) Sch.12 Pt.IV 1, 2(1), (2); 1980 Sch.8 7; 1982 Sch.8 15
[^c21613761]: Source-1975 (No.2) Sch.12 Pt.IV 3
[^c21613771]: [1975 c. 14](https://www.legislation.gov.uk/ukpga/1975/14).
[^c21613781]: [1975 c. 15](https://www.legislation.gov.uk/ukpga/1975/15).
[^c21613791]: Source-1975 (No.2) Sch.12 Pt.IV 6; 1987 Sch.15 8
[^c21613801]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21613821]: [S. 565(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/6/b) repealed (1.10.1991) by [Companies Act 1989 (c. 40, SIF 27)](https://www.legislation.gov.uk/ukpga/1989/40), [ss. 212](https://www.legislation.gov.uk/ukpga/1989/40/section/212), [213](https://www.legislation.gov.uk/ukpga/1989/40/section/213), [Sch. 24](https://www.legislation.gov.uk/ukpga/1989/40/schedule/24); [S.I. 1991/1996](https://www.legislation.gov.uk/uksi/1991/1996), [art. 2(c)(iv)](https://www.legislation.gov.uk/uksi/1991/1996/article/2/c/iv)
[^c21613841]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21613851]: Words in [s. 565(7)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/7/d) substituted (1.10.1991) by [S.I. 1990/1504](https://www.legislation.gov.uk/uksi/1990/1504), [art. 74(5)](https://www.legislation.gov.uk/uksi/1990/1504/article/74/5); [S.R. 1991/398](https://www.legislation.gov.uk/nisr/1991/398), [art. 2(a)](https://www.legislation.gov.uk/nisr/1991/398/article/2/a) (subject to the provisions set out in [S.R. 1991/398](https://www.legislation.gov.uk/nisr/1991/398), [arts. 3](https://www.legislation.gov.uk/nisr/1991/398/article/3), [4](https://www.legislation.gov.uk/nisr/1991/398/article/4))
[^c21613861]: Source-1975 (No.2) Sch.12 Pt.IV 7
[^c21613871]: Source-1975 (No.2) Sch.12 Pt.IV 2(3)
[^c22775791]: [S. 565(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/2A) inserted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 7(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/7/1); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775811]: [S. 565(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/8A) inserted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 7(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/7/2); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22780871]: [Ss. 562-565](https://www.legislation.gov.uk/ukpga/1988/1/section/562) modified (retrospectively, with application in accordance with s. 53(3) of the modifying Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 53(1)(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/53/1/2)
[^c22779461]: [S. 565(2A)(2B)(2BB)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/2A/2B/2BB) substituted for s. 565(2A)(2B) (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/4/1)
[^c22779481]: [S. 565(2D)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/2D) inserted (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/4/2)
[^c23749371]: Words in [s. 565(2C)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/2C/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 60](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/60) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21613921]: *For regulations see* Part III Vol.5.*And see* 1970(M) s.98A—*special penalties in the case of certain returns.*
[^c21613931]: Source-1975 (No.2) s.69(6)
[^c21613951]: Source-1975 (No.2) s.70(7); 1982 Sch.8 4; 1987 (No.2) s.93 (5), (6)
[^c22775831]: [S. 566(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/3) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1995/4/schedule/7/paragraph/9)
[^c22776111]: Words in [s. 566(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/2) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(32)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/32)
[^c22776451]: [S. 566(2A)-(2F)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/2A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 178(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/178/1)
[^c22778761]: Words in [s. 566(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/2/c) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/8)
[^c22779881]: [S. 566(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/4/5) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/6)
[^c22797721]: [S. 566(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/5) repealed (prosp.) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 133(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/133/4), [Sch. 20 Pt. 7](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/7), Notes 1 and 2
[^c23749391]: Words in [s. 566(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 61](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/61) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23749411]: [S. 566(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/1A) inserted (with effect in accordance with [s. 147(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/147/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 147(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/147/1)
[^c21613961]: Source-1975 (No.2) s.71(8)
[^c21613971]: *For regulations see* Part III Vol.5.
[^c21613981]: Source-1975 (No.2) Sch.13 Pt.I
[^c21613991]: Source-1975 (No.2) Sch.13 Pt.II; 1980/1171
[^c21614001]: Source-1975 (No.2) s.71(8), Sch.13, Pt.I
[^c21614011]: [1971 c. 61](https://www.legislation.gov.uk/ukpga/1971/61).
[^c21614021]: Source-1975 (No.2) s.71 (9) (10)
[^c23749431]: Words in [s. 567(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/567/2/b) substituted (25.7.2003 for specified purposes and 29.12.2003 otherwise) by [Communications Act 2003 (c. 21)](https://www.legislation.gov.uk/ukpga/2003/21), [s. 411(2)](https://www.legislation.gov.uk/ukpga/2003/21/section/411/2), [Sch. 17 para. 88](https://www.legislation.gov.uk/ukpga/2003/21/schedule/17/paragraph/88); [S.I. 2003/1900](https://www.legislation.gov.uk/uksi/2003/1900), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/1/2), [2(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/2/1), [3](https://www.legislation.gov.uk/uksi/2003/1900/article/3), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/1900/schedule/1); [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [arts. 1(3)](https://www.legislation.gov.uk/uksi/2003/3142/article/1/3), [3(2)](https://www.legislation.gov.uk/uksi/2003/3142/article/3/2) (with [art. 11](https://www.legislation.gov.uk/uksi/2003/3142/article/11))
[^c23749581]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 232(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/232/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749661]: Words in [s. 570(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 233](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/233) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749701]: Words in [s. 571(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/571/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 234](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/234) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22774821]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c22774761]: [S. 574(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/1/2) substituted (with effect in accordance with [s. 210(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/210/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 210](https://www.legislation.gov.uk/ukpga/1994/9/section/210) (as amended (retrospectively) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 119](https://www.legislation.gov.uk/ukpga/1995/4/section/119)) (with Sch. 20)
[^c22774801]: [S. 574(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/1) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 20 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/8)
[^c22774781]: [S. 574(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/1) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2)
[^c22797731]: [S. 574(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/1) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c23754311]: Words in [s. 574(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/3/b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [77](https://www.legislation.gov.uk/uksi/2005/3229/regulation/77)
[^c21614411]: Source-1970 s.411(1)-(8); 1985 s.43; 1971 s.50(8)
[^c22774241]: [S. 577(2)(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/2/4/6) repealed (with effect in accordance with s. 72(1) of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch 14 Pt. 4](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/4)
[^c21614461]: Source-1980 s.54, 118(3); 1983 s.46(3)(b)
[^c21614471]: Source-1970 s.411(9)
[^c22780041]: Words in [s. 577(1)(a)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/9) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778801]: Words in [s. 577(1)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/9) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22781671]: Word at the end of s. 577(1)(a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/1/a)
[^c22781381]: Words in [s. 577(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/a) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781411]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/3), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22782731]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (with application in accordance with [s. 73(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 73(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/2/b)
[^c22782751]: [S. 577(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8A) inserted (with application in accordance with [s. 73(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 73(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/3)
[^c23754921]: [S. 577(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/b) and preceding word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 62(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/62/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22781351]: [S. 577(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/c) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23754941]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 62(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/62/3), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23754991]: Words in [s. 577(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a) re-numbered as s. 577(1)(a)(i) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 23(2)(a)
[^c23754961]: [S. 577(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/ii) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 23(2)(b)
[^c23755011]: Words in [s. 577(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755031]: Words in [s. 577(1)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755051]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755071]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755101]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755121]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755141]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755161]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755181]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755201]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755221]: Words in [s. 577(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755241]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755261]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755281]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755311]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755341]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755421]: [S. 577(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755361]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755381]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755401]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614491]: Source-1970 s.376
[^c23755531]: Words in [s. 578(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 237](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/237) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775891]: [S. 579](https://www.legislation.gov.uk/ukpga/1988/1/section/579) modified (with effect in accordance with s. 39(3)-(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/23)
[^c21614501]: Source-1970 s.412(1)-(6)
[^c22776841]: [S. 579(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2/a) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22776861]: Word in [s. 579(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2/b) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777001]: Words in [s. 579(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(2)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/2/a)
[^c22776911]: Words in [s. 579(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5/b) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777051]: Words in [s. 579(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(2)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/2/b)
[^c22777781]: Words in [s. 579(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c22780081]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778861]: [S. 579(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/4) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 43](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/43), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c22780091]: Words in [s. 579(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 43](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/43) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23755611]: [S. 579(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 63](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/63), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23755631]: [S. 579(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3/3A) substituted for s. 579(3) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 26(2)
[^c23755651]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755671]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755721]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755741]: Words in [s. 579(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755761]: Words in [s. 579(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755781]: Words in [s. 579(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755801]: Words in [s. 579(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614531]: Source-1970 s.412(7), (8)
[^c22777661]: Words in [s. 580(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/a)
[^c22777681]: Words in [s. 580(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/b) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/b)
[^c22777721]: Words in [s. 580(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/c) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(c)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/c)
[^c22776951]: [S. 580(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/2) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777801]: Words in [s. 580(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/a) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c22777821]: Words in [s. 580(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/c) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c23755831]: [S. 580(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 64](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/64), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21614601]: Source-1970 s.417; 1971 Sch.6 47
[^c22776561]: Word in [s. 582(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/a/i) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 14(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/14/1)
[^c22776151]: Words in [s. 582(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2/b) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para 32(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/32/a), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22776601]: Words in [s. 582(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/b/i) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 32(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/32/b)
[^c22776581]: [S. 582(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2A) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 14(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/14/2)
[^c22783181]: [S. 582(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/3A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 50](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/50)
[^c23755971]: [S. 582](https://www.legislation.gov.uk/ukpga/1988/1/section/582) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 7](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/7)
[^c23755871]: Words in [s. 582(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755891]: Words in [s. 582(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755911]: Words in [s. 582(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755931]: Words in [s. 582(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2/b/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755951]: Words in [s. 582(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2/b/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/3/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614631]: *See* 1979(C) s.13—*delayed remittances of capital gains.*
[^c21614641]: [S. 584(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/10) power exercised: 30.9.1993 appointed by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c21614651]: Source-1970 s.418(1), (2), (2A), (2B); 1987 (No.2) Sch.6 6
[^c21614681]: Source-1972 s.124(2)(a)
[^c21614691]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c21614761]: Source-1987 (No.2) Sch.6 6(5)
[^c22776641]: [S. 584(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2/2A) substituted for s. 584(2)(3) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/2)
[^c22776661]: Words in [s. 584(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/3)
[^c22776681]: Words in [s. 584(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/5) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/4)
[^c22776701]: [S. 584(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/6) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/5)
[^c22776741]: Words in [s. 584(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/8) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/7)
[^c23756041]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756061]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756081]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756121]: Words in [s. 584(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756141]: Word in [s. 584(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756161]: Words in [s. 584(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756181]: Words in [s. 584(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756201]: [S. 584(6)(a)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/6/a/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614791]: Source-1970 s.420
[^c23756281]: Words in [s. 586(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/586/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 247](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/247) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614801]: Source-1970 s.421
[^c23756341]: Words in [s. 587(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756301]: Words in [s. 587(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756321]: Words in [s. 587(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775921]: [S. 588](https://www.legislation.gov.uk/ukpga/1988/1/section/588) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para 24](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/24) (the modification consisting of the insertion of a s. 588(4A) for limited purposes, and that s. 588(4A) was repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note)
[^c21614821]: Source-1987 s.35(1)-(7)
[^c22780121]: Word in [s. 588(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22780811]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) inserted (with effect in accordance with [s. 93(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/93/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 11 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/11/paragraph/2)
[^c23761531]: [S. 588(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/1) substituted for s. 588(1)(2) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761551]: [S. 588(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3/a/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761611]: [S. 588(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5/a) and word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/4), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761571]: Words in [s. 588(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761591]: Words in [s. 588(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(6)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/6) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762051]: [S. 588(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 28(2)
[^c23762071]: [S. 588(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 28(3)
[^c23762091]: Word in [s. 588(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762111]: Words in [s. 588(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762131]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762161]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762181]: Word in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762241]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762201]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762221]: Word in [s. 588(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22776621]: Words in [s. 582A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/582A/1) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 29 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/29/paragraph/6)
[^c22776171]: [S. 582A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/582A/3) repealed (with effect in accordance with Sch. 7 para. 32, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/22), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2)
[^c22781061]: Words in [s. 582(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23756021]: Words in [s. 582A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/582A/6) substituted (with effect in accordance with [s. 77](https://www.legislation.gov.uk/ukpga/2004/12/section/77) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/10/2)
[^c22776801]: Words in [s. 587A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587A/1) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 33](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/33) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22774861]: [S. 577A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1A) inserted (with application in accordance with [s. 141(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 141(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/2)
[^c22774881]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) substituted (with application in accordance with s. 141(4)) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 141(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/3)
[^c22780061]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778831]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22783101]: Words in [s. 577A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1) renumbered as s. 577A(1)(a) (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/2) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 68(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/1/a)
[^c22783121]: [S. 577A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/b) and preceding word inserted (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 68(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/1/b)
[^c23755461]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) re-numbered as s. 577A(2)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 24(2)(a)
[^c23755441]: [S. 577A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2/b) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 24(2)(b)
[^c23755481]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 236(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/236/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755511]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 236(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/236/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775941]: [S. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para 25](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/25) (the modification consisting of the insertion of a s. 589A(9A) for limited purposes, and that s. 589A(9A) was repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note)
[^c22780131]: Word in [s. 589A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/8) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23762311]: [S. 589A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/1/1A) substituted for s. 589A(1) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762331]: [S. 589A(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/3/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762391]: [S. 589A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/10) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/3/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762411]: [S. 589A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/9) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 29(2)
[^c23762431]: Words in [s. 589A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762451]: Words in [s. 589A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762471]: Words in [s. 589A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762551]: Words in [s. 589B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/5) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 70(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/70/3), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22781131]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) modified (with effect in accordance with reg. 30AA(3) of the modifying reg.) by the [Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30AA(1)(2)](https://www.legislation.gov.uk/uksi/1997/473/regulation/30AA/1/2) (as inserted (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [5](https://www.legislation.gov.uk/uksi/2000/2710/regulation/5))
[^c22783261]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): word in definition of "qualifying investment" repealed (with effect in accordance with s. 97(6) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/1), [Sch. 40 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/15), Note
[^c22783281]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): in definition of "qualifying investment", para. (e) and preceding word inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/1)
[^c22783301]: [S. 587B(9A)-(9E)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9A) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/2)
[^c22783321]: [S. 587B(9E)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9E/a) modified (temp.) (with effect in accordance with s. 97(6) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(7)(8)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/7/8)
[^c22783341]: [S. 587B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/12) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/3)
[^c23756541]: [S. 587B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/4) substituted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/2)
[^c23756561]: [S. 587B(8A)-(8G)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8A) inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/3)
[^c23756601]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "obligation" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756661]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "offshore fund" substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 10](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/10) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23756621]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "related liabilities" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756641]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "value of the net benefit to the charity" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756581]: [S. 587B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/10A) inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/5)
[^c23756691]: Words in [s. 587B(8)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8/b/i) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 27(2)
[^c23756751]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2005/2014/regulation/21); and that modifying reg. 21 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/2007/2134/regulation/20)
[^c23756711]: Words in [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 249(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/249/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756731]: Words in [s. 587B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 249(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/249/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782771]: Word at the end of s. 578A(1)(a) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 11(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/11/a)
[^c22781871]: [S. 578A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1/c) and preceding word repealed (with effect in accordance with s. 57(4), Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 11(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/11/b), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22783161]: [S. 578A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2/3) modified (with effect in accordance with s. 80(2) of the 2002 amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 93A(4)(a)(6)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/93A/4/a/6/a) (as inserted by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 24 para. 4](https://www.legislation.gov.uk/ukpga/2002/23/schedule/24/paragraph/4))
[^c22783141]: [S. 578A(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2A/2B) inserted (with effect in accordance with [s. 60(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/60/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 60(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/60/1)
[^c23755551]: Words in [s. 578A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 25(2)
[^c23755571]: [S. 578A(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2/bb) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 25(3)
[^c23755591]: Words in [s. 578A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 238](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/238) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614081]: Source-1981 s.36(1)-(5)
[^c21614091]: Source-1981 s.36(6); 1980 s.37(3)
[^c22781111]: [S. 573(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/2) restricted (with effect in accordance with s. 63(4) of the affecting Act) by Finance Act 2000, Sch. 15 para. 70(2)
[^c22780901]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) substituted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/i)
[^c22780921]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) substituted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/ii)
[^c22780941]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) substituted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/iii)
[^c22780961]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(iv)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/iv)
[^c22780981]: [S. 573(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4A) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/b)
[^c22774841]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c21614221]: Source-1980 s.37(6)-(8); 1981 s.36(6)
[^c21614231]: Words in [s. 575(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1/c) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(34)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614241]: Words in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(34)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614261]: Words in [s. 575(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(34)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22781001]: [S. 575(1)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1/ba) inserted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/3)
[^c22774851]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c21614331]: Words in [s. 576(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(35)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/35/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614361]: Source-1980 s.37(12); 1981 s.36(6), (7); 1987 (No.2) s.71
[^c21614371]: Definition in s. 576(5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(35)(b)(i)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/35/b/i) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614381]: Words in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(35)(b)(ii)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/35/b/ii) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22798611]: Words in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) inserted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 6](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/6)
[^c21614401]: 1989 s.107*and* Sch.12 para.14*in relation to disposals made after* 31*March* 1989.*Previously* “(a) a trading company within the meaning of paragraph 7 of Schedule 19”.
[^c22779921]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) inserted (with effect in accordance with [s. 80(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/1)
[^c22779941]: [S. 576(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1A/1B) inserted (with effect in accordance with [s. 80(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/2)
[^c22779961]: [S. 576(4)-(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4) substituted for s. 576(4) (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/3)
[^c22779981]: Words in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) substituted (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/4/a)
[^c22780001]: Word in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) substituted (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/4/b)
[^c22780021]: [S. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5): definition of "shares" substituted (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(4)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/4/c)
[^c22778781]: Words in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) repealed (with effect in accordance with s. 80(5)(b), Sch. 27 Pt. 3(16) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(4)(d)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/4/d), [Sch. 27 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/16)
[^c22781021]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (with application in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/4/a)
[^c22781041]: [S. 576(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1C) inserted (with application in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/4/b)
[^c22781831]: Words in [s. 576(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4) repealed (with effect in accordance with Sch. 15 para. 38(5)(6) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 38(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/2), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 3
[^c22782621]: [S. 576(4A)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4A/ab) inserted (with effect in accordance with [Sch. 15 para. 38(5)(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/5/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 38(3)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/3/a)
[^c22782671]: Words in [s. 576(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4A/b) substituted (with effect in accordance with [Sch. 15 para. 38(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 38(3)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/3/b)
[^c22782691]: Words in [s. 576(4A)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4A/d) inserted (with effect in accordance with [Sch. 15 para. 38(5)(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/5/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 38(3)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/3/c)
[^c22781851]: Words in [s. 576(4B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4B/a) repealed (with effect in accordance with Sch. 15 para. 38(5)(6) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 3
[^c23753991]: [S. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5): definition of "civil partner" inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [78(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/78/b)
[^c23753971]: [S. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5): words in definition of "spouse" substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [78(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/78/a)
[^c23754601]: [S. 576B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/576B/9) inserted (6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 11(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/11/3), [13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/13)
[^c23754621]: [S. 576D(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/576D/3A) inserted (retrospective to 6.4.2007 and with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2009 (S.I. 2009/2859)](https://www.legislation.gov.uk/uksi/2009/2859), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/2859/article/2/2)
[^c23754681]: [S. 576K(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/576K/4) inserted (6.4.2007) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 16 paras. 11(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/16/paragraph/11/4), [13](https://www.legislation.gov.uk/ukpga/2008/9/schedule/16/paragraph/13)
[^c21615001]: Source-1970(F) s.19(1); 1971 s.21(2)
[^c21615011]: Source-1970(F) s.19(2)
[^c21615031]: Source-1970(F) s.19(2A), (2B); 1971 s.21(3); 1987 (No.2) Sch.3 1
[^c21615041]: Words in [s. 590(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/3/a) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), 34(2)(4)
[^c21615051]: 1988(F) s.35*and* Sch.3 para.18*on and after* 6*April* 1990.
[^c21615071]: [S. 590(3)(e)-(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/3/e) substituted for words in s. 590(3) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/3/3), [18(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/2) in respect of schemes not approved before 27 July 1989 (not applicable to certain employees of pre 14 March 1989 schemes). Previously: “ In paragraph (d) above “ the permitted maximum” means £100,000 or such other sum as may for the time being be specified in an order made by the Treasury.”; and those words in s. 590(3) (as originally enacted) amended (6.4.2005) by [The Retirement Benefits Schemes (Increase in Permitted Maximum in Transitional Cases) Order 2005 (S.I. 2005/723)](https://www.legislation.gov.uk/uksi/2005/723), [art. 2](https://www.legislation.gov.uk/uksi/2005/723/article/2)
[^c21615081]: [S. 590(3)(e)-(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/3/e) substituted for words in s. 590(3) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/3/3), [18(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/2) in respect of schemes not approved before 27 July 1989 (not applicable to certain employees of pre 14 March 1989 schemes). Previously: "In paragraph (d) above "the permitted maximum" means £100,000 or such other sum as may for the time being be specified in an order made by the Treasury."; and those words in s. 590(3) (as originally enacted) amended (6.4.2005) by [The Retirement Benefits Schemes (Increase in Permitted Maximum in Transitional Cases) Order 2005 (S.I. 2005/723)](https://www.legislation.gov.uk/uksi/2005/723), [art. 2](https://www.legislation.gov.uk/uksi/2005/723/article/2)
[^c21615091]: [S. 590(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/4A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 34(3)(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/34/3/4)
[^c21615101]: [S. 590(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/5/6) repealed (*retrospectively)* by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 36(2)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/36/2/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19), [Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/part/V), Note 8
[^c21615121]: 1989 s.75*and* Sch.6 paras.3(4)*and* 18(3)—*to have effect where a determination is made on or after* 27*July* 1989.*Previously* “(7) For the purpose of determining whether a retirement benefits scheme, so far as it relates to a particular class or description of employees, satisfies or continues to satisfy the prescribed conditions—(a) that scheme shall be considered in conjunction with any other retirement benefits scheme or schemes relating to employees of that class or description, and (b) if those conditions are satisfied in the case of both or all of those schemes taken together, they shall be taken to be satisfied in the case of each of them, but otherwise those conditions shall be taken to be satisfied in the case of none of them.”.
[^c22893151]: [S. 590(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/2/a) substituted (with application in accordance with [Sch. 10 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/2/1); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22893171]: [S. 590(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/2/aa) inserted (with application in accordance with [Sch. 10 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/2/2); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22893191]: [S. 590(3)(ba)(bb)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/3/ba/bb/c) substituted for s. 590(3)(c) (with application in accordance with [Sch. 10 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10) para, 2(3) (with Sch. 10 para. 18(4)); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22893211]: Words in [s. 590(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/3/d) substituted (with application in accordance with [Sch. 10 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 2(4)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/2/4/a); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22893231]: Words in [s. 590(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/3/d) substituted (with application in accordance with [Sch. 10 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 2(4)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/2/4/b); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22893251]: [S. 590(3)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/3/da) inserted (with application in accordance with [Sch. 10 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 2(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/2/5) (with [Sch. 10 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/5)); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22893271]: [S. 590(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/3A) inserted (with application in accordance with [Sch. 10 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 2(6)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/2/6); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22893291]: Words in [s. 590(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/4) substituted (with application in accordance with [Sch 10 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 2(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/2/7); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22893311]: [S. 590(4B)-(4F)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/4B) inserted (with application in accordance with [Sch. 10 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 2(8)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/2/8); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c23484251]: Words in [s. 590(2)(aa)(3)(ba)(d)(3A)(4B)(4C)(4F)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/2/aa/3/ba/d/3A/4B/4C/4F) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [79(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/79/a)
[^c23484461]: Words in [s. 590(2)(aa)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/2/aa/ii) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [79(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/79/b)
[^c23484481]: Words in [s. 590(3)(b)(ba)(3A)(4B)(4C)(4F)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/3/b/ba/3A/4B/4C/4F) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [79(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/79/c)
[^c21615131]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c21615141]: Words in [s. 590B(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/590B/11) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(6)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/6/8)
[^c21615201]: [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1990-91) by [S.I. 1990/679](https://www.legislation.gov.uk/uksi/1990/679), [art. 2](https://www.legislation.gov.uk/uksi/1990/679/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1991-92) by [S.I. 1991/734](https://www.legislation.gov.uk/uksi/1991/734), [art. 2](https://www.legislation.gov.uk/uksi/1991/734/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1992-93) by [S.I. 1992/624](https://www.legislation.gov.uk/uksi/1992/624), [art. 2](https://www.legislation.gov.uk/uksi/1992/624/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.106](https://www.legislation.gov.uk/ukpga/1993/34/section/106) (in place of [S.I. 1993/757](https://www.legislation.gov.uk/uksi/1993/757), [art. 2](https://www.legislation.gov.uk/uksi/1993/757/article/2)) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1994-95) by [S.I. 1993/2950](https://www.legislation.gov.uk/uksi/1993/2950), [art. 2](https://www.legislation.gov.uk/uksi/1993/2950/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1995-96) by [S.I. 1994/3009](https://www.legislation.gov.uk/uksi/1994/3009), [art. 2](https://www.legislation.gov.uk/uksi/1994/3009/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1996-97) by [S.I. 1995/3034](https://www.legislation.gov.uk/uksi/1995/3034), [art. 2](https://www.legislation.gov.uk/uksi/1995/3034/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1997-98) by [S.I. 1996/2951](https://www.legislation.gov.uk/uksi/1996/2951), [art. 2](https://www.legislation.gov.uk/uksi/1996/2951/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1998-99) by [S.I. 1998/758](https://www.legislation.gov.uk/uksi/1998/758), [art. 2](https://www.legislation.gov.uk/uksi/1998/758/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1999-2000) by [S.I. 1999/592](https://www.legislation.gov.uk/uksi/1999/592), [art. 2](https://www.legislation.gov.uk/uksi/1999/592/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (2000-01) by [S.I. 2000/807](https://www.legislation.gov.uk/uksi/2000/807), [art. 2](https://www.legislation.gov.uk/uksi/2000/807/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (2001-02) by [S.I. 2001/637](https://www.legislation.gov.uk/uksi/2001/637), [art. 2](https://www.legislation.gov.uk/uksi/2001/637/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (2002-03) by [S.I. 2002/700](https://www.legislation.gov.uk/uksi/2002/700), [art. 2](https://www.legislation.gov.uk/uksi/2002/700/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (2003-04) by [S.I. 2003/843](https://www.legislation.gov.uk/uksi/2003/843), [art. 2](https://www.legislation.gov.uk/uksi/2003/843/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (2004-05) by [S.I. 2004/773](https://www.legislation.gov.uk/uksi/2004/773), [art. 2](https://www.legislation.gov.uk/uksi/2004/773/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (2005-06) by [S.I. 2005/720](https://www.legislation.gov.uk/uksi/2005/720), [art. 2](https://www.legislation.gov.uk/uksi/2005/720/article/2)
[^c21615231]: [S. 590C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/590C/1) applied (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 3(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1993/8/section/3/3/a/b), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21615251]: Words in [s. 590C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/590C/4) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(5)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/5/8)
[^c21615271]: Word in [s. 590C(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/590C/5) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(4)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/4/8)
[^c21615291]: [S. 590C(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/590C/5A) inserted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(5)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/5/8)
[^c21615381]: [S. 591](https://www.legislation.gov.uk/ukpga/1988/1/section/591) restricted (5.8.1991) by [S.I. 1991/1614](https://www.legislation.gov.uk/uksi/1991/1614), [reg. 3](https://www.legislation.gov.uk/uksi/1991/1614/regulation/3)
[^c21615391]: Source-1970(F) s.20(1); 1987 (No.2) Sch.3 3(2)
[^c21615401]: Source-1970(F) s.20(2); 1971 s.21(4); 1981 s.32; 1987 (No.2) Sch.3 3(3), (4)
[^c21615431]: Source-1970(F) s.20(3); 1987 Sch.15 3
[^c21615441]: Source-1970(F) s.20(4), (5); 1987 (No.2) Sch.3 3(5)
[^c21615451]: 1988(F) s.146*and* Sch.13 para.6 (*deemed always to have had effect*).*And see* S.I. [1987 No.412](https://www.legislation.gov.uk/ukcm/1987/412) (*in* Part III Vol.5)*regn.*2— “*The Pension Scheme Surpluses* (*Valuation*)*Regulations* 1989”.
[^c22886571]: Words in [s. 591(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/591/2/g) inserted (with application in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/107/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 107(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/107/2/a)
[^c22886591]: Words in [s. 591(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/591/2/g) repealed (with application in accordance with s. 107(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 107(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/107/2/b), [Sch. 26 Pt. 5(12)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/12), Note 2
[^c22886611]: [S. 591A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/591A/2A) inserted (with application in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/107/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 107(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/107/3)
[^c22888621]: [S. 591(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/591/3) substituted (with application in accordance with [s. 60(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/60/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 59(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/59/2)
[^c22893331]: Words in [s. 591(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/591/2/b) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 3(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/3/a)
[^c22893351]: [S. 591(2)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/591/2/ba) inserted (with application in accordance with [Sch. 10 para 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 3(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/3/b); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c23484591]: Words in [s. 591(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/591/2/b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [80(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/80/a)
[^c23484611]: Words in [s. 591(2)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/591/2/ba) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [80(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/80/b/i)
[^c23484631]: Words in [s. 591(2)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/591/2/ba) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [80(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/80/b/ii)
[^c21615471]: [S. 591A](https://www.legislation.gov.uk/ukpga/1988/1/section/591A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s.35](https://www.legislation.gov.uk/ukpga/1991/31/section/35)
[^c22893371]: [S. 591A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/591A/2) disapplied (30.7.1999) by [The Retirement Benefits Schemes (Restriction on Discretion to Approve) (Additional Voluntary Contributions) (Amendment) Regulations 1999 (S.I. 1999/1964)](https://www.legislation.gov.uk/uksi/1999/1964), [regs. 1](https://www.legislation.gov.uk/uksi/1999/1964/regulation/1), [6](https://www.legislation.gov.uk/uksi/1999/1964/regulation/6)
[^c22889461]: [S. 591B](https://www.legislation.gov.uk/ukpga/1988/1/section/591B) modified (6.4.1996 for specified purposes and 6.4.1997 otherwise) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [ss. 68(5)](https://www.legislation.gov.uk/ukpga/1995/26/section/68/5), [s. 180(1)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/1); [S.I. 1996/778](https://www.legislation.gov.uk/uksi/1996/778), [art. 2(5)(a)](https://www.legislation.gov.uk/uksi/1996/778/article/2/5/a), [Sch. Pt. 5](https://www.legislation.gov.uk/uksi/1996/778/schedule/part/5); [S.I. 1997/664](https://www.legislation.gov.uk/uksi/1997/664), [art. 2(3)](https://www.legislation.gov.uk/uksi/1997/664/article/2/3), [Sch. Pt. 2](https://www.legislation.gov.uk/uksi/1997/664/schedule/part/2)
[^c22889391]: [S. 591C](https://www.legislation.gov.uk/ukpga/1988/1/section/591C) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 239A](https://www.legislation.gov.uk/ukpga/1992/12/section/239A) (as inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 61(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/2))
[^c22891791]: Words in [s. 591C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/591C/3) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(20)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/20)
[^c22891811]: Words in [s. 591C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/591C/4) substituted (with effect in accordance with [Sch. 15 para. 1(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/1/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para 1(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/1/2)
[^c22891831]: [S. 591C(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/591C/6A) inserted (with effect in accordance with [Sch. 15 para. 1(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/1/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/1/3)
[^c22891851]: Words in [s. 591C(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/591C/7) substituted (with effect in accordance with [Sch. 15 para. 1(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/1/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 1(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/1/4)
[^c22891871]: [S. 591C(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/591C/8/9) inserted (with effect in accordance with [Sch. 15 para. 1(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/1/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 1(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/1/5)
[^c22896631]: Words in [s. 591C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/591C/1) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 3(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/3/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23483301]: Words in [s. 591C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/591C/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 252(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/252/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483181]: Words in [s. 591C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/591C/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 252(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/252/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483321]: Words in [s. 591C(6A)(c)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/591C/6A/c/iii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 252(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/252/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22891891]: [S. 591D(3)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/591D/3/c/d) substituted (with effect in accordance with [Sch. 15 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/2/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/2/1)
[^c22891911]: [S. 591D(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/591D/5) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/7/5)
[^c23481651]: [S. 591D(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/591D/6) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 71](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/71), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21615531]: *See* 1990 s.56*and* Sch.10 para.22—*convertible securities relieved of charge if held for purposes of exempt approved schemes.*
[^c21615541]: Source-1970(F) s.21(1)-(9); 1971 s.21(5); 1987 (No.2) Sch.3 4, 5
[^c21615561]: [S. 592(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/6A) inserted (with effect as mentioned in [s. 112](https://www.legislation.gov.uk/ukpga/1993/34/section/112) of the amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 112(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/112/6)
[^c21615571]: [1975 c. 60](https://www.legislation.gov.uk/ukpga/1975/60).
[^c21615581]: [S.I. 1975/1503 (N.I. 15)](https://www.legislation.gov.uk/nisi/1975/1503).
[^c21615591]: 1989 s.75*and* Sch.6 paras.5(2), (3)*and* 18(4)*for* 1989-90*and subsequent years.*
[^c21615601]: 1989 s.75*and* Sch.6 paras.5(4)*and* 18(4)*for* 1989-90*and subsequent years.* Subss.(8B)*to* (8E)*do not have effect as regards such remuneration as may be prescribed by regulations—for which see* Part III Vol.5 (*under* “*Retirement benefit schemes: tax relief for contributions*”).
[^c21615611]: Words in [s. 592(8E)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/8E) substituted (with effect for the year 1994-95 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(6)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/6/8)
[^c23481991]: [S. 592(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/7) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 72](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/72) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483071]: [S. 592(5)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/5/a) substituted for words in s. 592(5) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 30(3)
[^c23483091]: [S. 592(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/6) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 30(4)
[^c23483131]: [S. 592(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/4) substituted (31.12.2004 with effect in accordance with art. 1 of the amending S.I.) by The Finance Act 2004, Sections 38 to 45 and Schedule 6 (Consequential Amendment of Enactments No. 2) Order 2004 ([S.I. 2004/3269](https://www.legislation.gov.uk/uksi/2004/3269)), art. 2(2)
[^c23484151]: [S. 592(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/2) applied (with modifications) (temp. 6.4.2005 to 5.4.2006) by [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [regs. 1](https://www.legislation.gov.uk/uksi/2005/1907/regulation/1), [5](https://www.legislation.gov.uk/uksi/2005/1907/regulation/5)
[^c23484171]: [S. 592(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/3) applied (with modifications) (temp. 6.4.2005 to 5.4.2006) by [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [regs. 1](https://www.legislation.gov.uk/uksi/2005/1907/regulation/1), [6](https://www.legislation.gov.uk/uksi/2005/1907/regulation/6)
[^c23483481]: Words in [s. 592(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 253(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/253/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483501]: Words in [s. 592(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 253(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/253/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483521]: Words in [s. 592(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 253(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/253/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484191]: [S. 592(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/6A) applied (temp. 6.4.2005 to 5.4.2006) by [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [regs. 1](https://www.legislation.gov.uk/uksi/2005/1907/regulation/1), [7](https://www.legislation.gov.uk/uksi/2005/1907/regulation/7)
[^c21615621]: Source-1970(F) Sch.5 Part II 6A; 1987 (No.2) Sch.3 12
[^c21615631]: *See* S.I. [1987 No.1749](https://www.legislation.gov.uk/ukcm/1987/1749) (*in* Part III Vol.5).
[^c21615641]: *See* S.I. [1987 No.1749](https://www.legislation.gov.uk/ukcm/1987/1749) (*in* Part III Vol.5).
[^c21615701]: [S. 594](https://www.legislation.gov.uk/ukpga/1988/1/section/594) applied (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 10(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/1993/8/section/10/4/b/ii), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21615711]: Source-1970(F) s.22; 1972 s.74(3); 1987 (No.2) Sch.3 6
[^c21615721]: 1989 s.75*and* Sch.6 paras.6(2)*and* 18(1)*on and after* 14*March* 1989.
[^c21615731]: 1989 s.75*and* Sch.6 paras.6(3)*and* 18(4)*for* 1989-90*and subsequent years.*
[^c21615741]: 1989 s.75*and* Sch.6 paras.6(4)(5)*and* 18(4)*for* 1989-90*and subsequent years.* Subss.(4) to (7)*do not have effect as regards such remuneration as may be prescribed by regulations.*
[^c21615751]: Words in [s. 594(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/594/7) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(6)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/6/8)
[^c23482011]: Words in [s. 594(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/594/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 73(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/73/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482031]: Words in [s. 594(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/594/1) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 73(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/73/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21615881]: Source-1970(F) Sch.5 Part II 2, 3; 1971 Sch.3 7; 1987 (No.2) Sch.3 9
[^c21615891]: 1989 s.75*and* Sch.6 paras.10*and* 18(1)*on and after* 14*March* 1989.
[^c21615901]: 20*per cent. on and after* 6*April* 1988—*see* S.I. [1988 No.504](https://www.legislation.gov.uk/ukcm/1988/504)*in* Part III Vol.5
[^c23483541]: Word in [s. 598(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/598/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 254(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/254/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483561]: Words in [s. 598(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/598/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 254(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/254/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616021]: Source-1970(F) Sch.5 Part II 2, 3; 1971 Sch.3 7; 197 (No.2) Sch.3 9
[^c21616031]: 1989 s.75*and* Sch.6 paras.11(2)*and* 18(1)*on and after* 14*March* 1989.
[^c21616061]: 1989 s.75*and* Sch.6 paras.11(3)*and* 18(8)*where the charge to tax under* s.559*arises on or after* 14*March* 1989*except where the scheme came into being before that date and the employee became a member before* 1*June* 1989.
[^c21616071]: Words in [s. 599(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/599/12) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(6)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/6/8)
[^c22891771]: [S. 599](https://www.legislation.gov.uk/ukpga/1988/1/section/599) applied (1.4.1998) by [The Local Government Pension Scheme (Scotland) Regulations 1998 (S.I. 1998/366)](https://www.legislation.gov.uk/uksi/1998/366), [regs. 1](https://www.legislation.gov.uk/uksi/1998/366/regulation/1), [48(8)](https://www.legislation.gov.uk/uksi/1998/366/regulation/48/8), [49(3)](https://www.legislation.gov.uk/uksi/1998/366/regulation/49/3)
[^c22888641]: [S. 599(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/599/8) substituted (with application in accordance with [s. 60(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/60/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 59(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/59/3)
[^c22893471]: Words in [s. 599(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/599/1) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/7/1)
[^c22893491]: [S. 599(1A)-(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/599/1A) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/7/1)
[^c22893501]: Words in [s. 599(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/599/6) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 7(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/7/2)
[^c23483581]: Word in [s. 599(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/599/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 255(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/255/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483601]: Word in [s. 599(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/599/1B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 255(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/255/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483621]: Words in [s. 599(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/599/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 255(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/255/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484661]: Words in [s. 599(1B)(1C)(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/599/1B/1C/1D) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [81](https://www.legislation.gov.uk/uksi/2005/3229/regulation/81)
[^c21616091]: 1989 s.75*and* Sch.6 paras.12*and* 18(9)*in relation to payments made on or after* 27*July* 1989.
[^c22889501]: [S. 599A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/599A/7) repealed (with effect in accordance with s. 121(8) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 122(7)(c)](https://www.legislation.gov.uk/ukpga/1996/8/section/122/7/c), [Sch. 41 Pt. 5(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/6), Note 3
[^c23481671]: [S. 599A(5)(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/599A/5/6/8) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 77](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/77), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483641]: [S. 599A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/599A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 256](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/256) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616161]: Source-1986 Sch.12 1; 1970(F) Sch.5 Part II 4; 1971 Sch.3 12(5)
[^c22900141]: Words in [s. 601(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/601/2) substituted (with application in accordance with [s. 74(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/74/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 74(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/74/2)
[^c22900161]: [S. 601(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/601/2A) inserted (with application in accordance with [s. 74(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/74/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 74(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/74/3)
[^c23483661]: [S. 601(5)(b)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/601/5/b/i/ii) substituted for words in s. 601(5)(b) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 257](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/257) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616171]: Source-1986 Sch.12 2(1), (i), (2), (4)-(6)
[^c21616181]: *For regulations see* Part III Vol.5 (*under* “*Pension Schemes Surpluses: administration*”).
[^c23483201]: Words in [s. 602(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/602/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 258](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/258), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616191]: Source-1970(F) Sch.5 Part II 6, 7, 8, 9; 1987 (No.2), Sch.3 11, 13-15
[^c22891991]: Words in [s. 604(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/604/1) substituted (with effect in accordance with [Sch. 15 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/3/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 3(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/3/1/a)
[^c22892011]: Words in [s. 604(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/604/1/c) inserted (with effect in accordance with [Sch. 15 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/3/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/3/1/b)
[^c22892031]: [S. 604(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/604/1A) inserted (with effect in accordance with [Sch. 15 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/3/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/3/2)
[^c21616201]: Source-1970(F) Sch.5 Part II 6, 7, 8, 9; 1987 (No.2) Sch.3 11, 13-15
[^c22887591]: [S. 605(1A)-(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/605/1A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 105(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/105/2)
[^c22889411]: [S. 605(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/605/1/2) repealed (1.1.1996) by [Finance Act 1994 (c. 4)](https://www.legislation.gov.uk/ukpga/1994/4), [s. 105(3)(5)](https://www.legislation.gov.uk/ukpga/1994/4/section/105/3/5), [Sch. 26 Pt. 5(12)](https://www.legislation.gov.uk/ukpga/1994/4/schedule/26/part/5/12), Note 3; [S.I. 1995/3125](https://www.legislation.gov.uk/uksi/1995/3125), [art. 2](https://www.legislation.gov.uk/uksi/1995/3125/article/2)
[^c21616221]: 1989 s.75*and* Sch.6 paras.14*and* 18(1)*on and after* 14*March* 1989.
[^c22892051]: [S. 605(1B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/605/1B/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/4)
[^c22887631]: [S. 606](https://www.legislation.gov.uk/ukpga/1988/1/section/606) substituted (with application in accordance with [s. 104(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/104/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 104(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/104/1)
[^c22892241]: [S. 606(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/606/9A) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/5/1)
[^c22892281]: [S. 606(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/606/11A) inserted (with effect in accordance with [Sch. 15 para. 5(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/5/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 5(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/5/2)
[^c23482051]: Words in [s. 606(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/606/9) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 79(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/79/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482091]: Words in [s. 606(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/606/11/b) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 79(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/79/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23484211]: [S. 606](https://www.legislation.gov.uk/ukpga/1988/1/section/606) excluded (temp. 6.4.2005 to 5.4.2006) by [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [regs. 1](https://www.legislation.gov.uk/uksi/2005/1907/regulation/1), [8(2)](https://www.legislation.gov.uk/uksi/2005/1907/regulation/8/2)
[^c23482951]: [S. 606(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/606/13) substituted (with effect in accordance with [s. 155(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/155/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/1/2)
[^c23482971]: [S. 606(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/606/13) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c21616261]: Source-1980 s.35
[^c21616271]: *See* Sch.1 para.4 Pilotage Act 1987—continuation of fund following repeal of s.15(1)(i) Pilotage Act 1983 by Pilotage Act 1987 (*on and after* 1*February* 1988*by virtue of* S.I. [1987 No. 2138](https://www.legislation.gov.uk/ukcm/1987/2138)).
[^c21616281]: [1983 c. 21](https://www.legislation.gov.uk/ukpga/1983/21).
[^c22887651]: Words in [s. 607(3)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/607/3/b/iii) substituted (with application in accordance with [s. 104(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/104/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 104(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/104/2)
[^c23482101]: Words in [s. 607(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/607/2/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 80(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/80/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482121]: Words in [s. 607(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/607/2/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 80(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/80/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482151]: [S. 607(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/607/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 80(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/80/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482171]: Words in [s. 607(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/607/3/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 80(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/80/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481731]: [S. 607(3)(b)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/section/607/3/b/iv) and preceding word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 80(6)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/80/6), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483681]: Words in [s. 607(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/607/2/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 259(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/259/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483701]: Words in [s. 607(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/607/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 259(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/259/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616291]: Source-1980 s.36 (1), (2), (4), (6)
[^c23481741]: [S. 608(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/608/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 81](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/81), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483721]: Words in [s. 608(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/608/2/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 260(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/260/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483741]: Words in [s. 608(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/608/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 260(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/260/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483761]: Words in [s. 608(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/608/2/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 260(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/260/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616301]: Source-1971 s.22(1)-(3)
[^c21616311]: Source-1970(F) s.25
[^c21616321]: Source-1971 Sch.3 5
[^c22893591]: Words in [s. 611(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/611/3) substituted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 9(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/9/1)
[^c22893621]: Words in [s. 611(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/611/4/b) substituted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para 9(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/9/1)
[^c22893661]: [S. 611(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/611/6) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 9(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/9/2)
[^c22901081]: Words in [s. 611(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/611/1) renumbered as s. 611(1)(a) (28.7.2000) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/4/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896651]: [S. 611(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/611/1/b) and preceding word added (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/4/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896671]: Words in [s. 611(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/611/3) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 4(3)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/4/3/a), [Sch. 40 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/4) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896701]: Words in [s. 611(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/611/3) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/4/3/b) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896721]: Words in [s. 611(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/611/4/a) substituted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/4/4) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896741]: [S. 611(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/611/6/c) and preceding word added (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 4(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/4/5) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c21616341]: *Definition employed for purposes of* S.I. [1987 No.1749](https://www.legislation.gov.uk/ukcm/1987/1749), regn.5(2), (“The Occupational Pension Schemes (Addditional Voluntary Contributions) Regulations 1987”—*in* Part III Vol.5).
[^c22893681]: [S. 611A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/611A/1) substituted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 5(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/5/1)
[^c22893701]: [S. 611A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/611A/5) added (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 5(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/5/2)
[^c22893721]: [1987 c.45](https://www.legislation.gov.uk/ukpga/1987/45).
[^c22893731]: [1979 c.50](https://www.legislation.gov.uk/ukpga/1979/50).
[^c22893741]: [1965 c.18(N.I.)](https://www.legislation.gov.uk/apni/1965/18).
[^c22893751]: [S.I. 1976/1779](https://www.legislation.gov.uk/uksi/1976/1779).
[^c21616351]: Source-1970(F) s.26 (1); 1971 Sch.3 12(4); 1986 Sch.12 1(10); 1987 (No.2) Sch.3 7
[^c21616361]: *Definition employed for purposes of* S.I. [1987 No.1749](https://www.legislation.gov.uk/ukcm/1987/1749), regn.2(1A) (“The Occupational Pension Schemes (Additional Voluntary Contributions) Regulations 1987”—*in* Part III Vol.5).
[^c21616371]: *See* s.686—*liability to additional rate of certain income of discretionary trusts.*
[^c21616381]: *Interpretation employed for purposes of* S.I. [1987 No.1749](https://www.legislation.gov.uk/ukcm/1987/1749), regn.2(1) (“The Occupational Pension Schemes (Additional Voluntary Contributions) Regulations 1987” *in* Part III Vol.5).
[^c21616391]: Source-1970(F) s.26(2); 1987 (No.2) Sch.3 8
[^c21616401]: *For regulations see* Part III Vol.5
[^c21616411]: Source-1970(F) Sch.5 Part II 10; 1971 Sch.3 13(3)
[^c22887711]: [S. 612(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/1): definition of "administrator" repealed (with effect in accordance with s. 103(3) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 103(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/103/2), [Sch. 26 Pt. 5(12)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/12), Note 4
[^c22893761]: Words in [s. 612(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/1) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/10/1)
[^c22893781]: Words in [s. 612(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/2) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/10/2/a)
[^c22893801]: Words in [s. 612(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/2) substituted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 10(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/10/2/b)
[^c22893821]: Words in [s. 612(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/2) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 10(2)(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/10/2/c)
[^c22893841]: [S. 612(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/2A) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 10(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/10/3)
[^c23482191]: [S. 612(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/1): words in definition of "remuneration" substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 82(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/82/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482211]: [S. 612(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/1): words in definition of "remuneration" substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 82(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/82/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482231]: [S. 612(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/2) applied (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 400(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/400/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23484701]: Words in [s. 612(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [82(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/82/a)
[^c23484721]: Words in [s. 612(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [82(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/82/b)
[^c23484231]: [S. 611AA](https://www.legislation.gov.uk/ukpga/1988/1/section/611AA) excluded (temp. 6.4.2005 to 5.4.2006) by [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [regs. 1](https://www.legislation.gov.uk/uksi/2005/1907/regulation/1), [9(2)](https://www.legislation.gov.uk/uksi/2005/1907/regulation/9/2)
[^c21616431]: [1939 c. 49](https://www.legislation.gov.uk/ukpga/1939/49).
[^c21616451]: [1965 c. 18 (N.I.)](https://www.legislation.gov.uk/apni/1965/18).
[^c21616461]: [S.I. 1976/1779](https://www.legislation.gov.uk/uksi/1976/1779).
[^c22901091]: Words in [s. 613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4) substituted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/4)
[^c23484131]: [S. 613(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/1/2) (which were repealed by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 83](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/83), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1)) restored (retrospectively) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 para. 63](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/63)
[^c21617661]: Source-1970 s.219(3)
[^c21617671]: Words in [s. 617(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3/a) substituted (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 4](https://www.legislation.gov.uk/ukpga/1992/6/section/4), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 2 para. 93(4)](https://www.legislation.gov.uk/ukpga/1992/6/schedule/2/paragraph/93/4)
[^c21617681]: Words in [s. 617(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3/b) substituted (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 4](https://www.legislation.gov.uk/ukpga/1992/9/section/4), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 2 para. 33(4)](https://www.legislation.gov.uk/ukpga/1992/9/schedule/2/paragraph/33/4)
[^c22889541]: [S. 617(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/5) repealed (with effect in accordance with s. 147(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 147(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/147/1), [Sch. 41 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/15), Note
[^c22890381]: [S. 617(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4) substituted (with effect in accordance with [s. 65(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/65/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 65(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/65/3)
[^c22893901]: Words in [s. 617(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4) substituted (with effect in accordance with [s. 61(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/61/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/61/1)
[^c22899941]: [S. 617(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/6) repealed (24.4.2000 for specified purposes and 9.4.2001 otherwise) by [Welfare Reform and Pensions Act 1999 (c. 30)](https://www.legislation.gov.uk/ukpga/1999/30), [s. 89(1)](https://www.legislation.gov.uk/ukpga/1999/30/section/89/1), [Sch. 8 para. 1(3)](https://www.legislation.gov.uk/ukpga/1999/30/schedule/8/paragraph/1/3), [Sch. 13 Pt. 5](https://www.legislation.gov.uk/ukpga/1999/30/schedule/13/part/5); [S.I. 2000/1047](https://www.legislation.gov.uk/uksi/2000/1047), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/2000/1047/article/2/2/a), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2000/1047/schedule/part/1)
[^c23481861]: [S. 617(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/1/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 87(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/87/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482271]: [S. 617(4)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/d/e) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 87(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/87/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483111]: Words in [s. 617(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004, Sch. para. 31(2)
[^c23483341]: Words in [s. 617(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483361]: Words in [s. 617(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483381]: Word at the end of s. 617(4)(b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483221]: [S. 617(4)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/d/e) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483401]: [S. 617(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21617761]: Source-1987 (No.2) s.54
[^c21617771]: 1988(F) s.54(2)—*deemed always to have had effect. Previously* “4th January”.
[^c21617791]: Source-1970 s.226(1), (4), 227(1)
[^c21617801]: Source-1970 s.227(1A), (1B); 1971 s.20(2); 1980 s.31(1), (2)
[^c21617811]: Source-1970 s.227(1BB); 1980 s.33(2)
[^c21617821]: Source-1970 s.227(10), (11), (13)
[^c21617831]: 1989 s.170(4)(a), (6)*in relation to things done or omitted to be done on or after* 27*July* 1989.*Previously* “£500”.
[^c22889561]: Words in [s. 619(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/619/4) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 17](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/17)
[^c21617841]: Source-1970 s.226(1)(b), 1971 s.20(1)
[^c21617851]: Source-1970 s.226(2), 226A(5); 1976 s.30(2); 1971 s.20(3)
[^c21617861]: Source-1970 s.226(3), 226A(5)
[^c21617871]: Source-1970 s.226(5)-(7)
[^c21617881]: Source-1970 s.226(12), (13); 1987 (No.2) Sch.2 1
[^c21617891]: [1867 c. 144](https://www.legislation.gov.uk/ukpga/1867/144).
[^c23484741]: Words in [s. 620(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/620/2/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [83(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/83/2/a)
[^c23484771]: Words in [s. 620(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/620/2/d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [83(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/83/2/b)
[^c23484791]: Words in [s. 620(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/620/4/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [83(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/83/3/a)
[^c23484811]: Words in [s. 620(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/620/4/d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [83(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/83/3/b)
[^c21617901]: Source-1970 s.226A(1)-(4), (6), (7); 1971 Sch.2 1; 1976 s.30(2)
[^c23484831]: Words in [s. 621(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/621/1/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [84(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/84/2)
[^c23484851]: Words in [s. 621(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/621/3/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [84(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/84/3/a)
[^c23484871]: Words in [s. 621(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/621/3/c) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [84(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/84/3/b)
[^c23484891]: Words in [s. 621(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/621/5) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [84(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/84/4)
[^c21617911]: Source-1978 s.26(1)-(3); 1987 (No.2) Sch.2 4
[^c23484911]: Words in [s. 622(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/622/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [85](https://www.legislation.gov.uk/uksi/2005/3229/regulation/85)
[^c21617921]: Source-1970 s.226(8)-(10); 1976 s.30(2); 1972 Sch.24 17
[^c21617931]: *[S. 623(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/1) and words in s. 623(2) repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c22892331]: [S. 623(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/2/c) extended (with effect in accordance with s. 44 of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 6 paras. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/2)
[^c21617951]: *Words in [s. 623(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/2/c) repealed by* 1988(F) s.148*and* Sch.14 Part V*from* 6*April* 1988.
[^c21617961]: 1989 s.107*and* Sch.12 para.15—*in relation to accounting periods beginning after* 31*March* 1989.*Previously* “(construed in accordance with paragraph 7 of Schedule 19)”.
[^c21617971]: Source-1970 s.227(4), (5)(a), (aa), (b), (6); 1971 Sch.8 16; 1970 s.33(3); 1981 s.35; 1986 s.56(7), Sch.13 2
[^c21617981]: *Words in [s. 623(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/6/c) repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21617991]: *Words in [s. 623(7)(a)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/7/a/8) repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21618001]: Source-1970 s.227(8), (9); 1980 s.33(4); 1981 s.35
[^c22900681]: [S. 623(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/2/c) extended (with effect in accordance with Sch. 22 paras. 16-18 of the extending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 4](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/4)
[^c22900081]: Words in [s. 623(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/5) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 53](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/53)
[^c23483801]: Words in [s. 623(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/2/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 263(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/263/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483821]: [S. 623(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/2/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 263(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/263/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483841]: Words in [s. 623(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/6/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 263(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/263/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483861]: [S. 623(6)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/6/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 263(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/263/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21618031]: Source-1970 s.226(11)
[^c21618041]: Source-1970 s.226(9), 224(1)
[^c21618051]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21618061]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c23482291]: Words in [s. 624(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/624/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 89](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/89) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21618071]: Source-1970 s.277A; 1980 s.32(1)
[^c21618081]: Source-1970 s.228; 1987 (No.2) s.54(2)
[^c21618121]: Source-1974 s.16; 1982 s.39(1); 1980 s.34(3)
[^c21618131]: 1988(F) s.35*and* Sch.3 para.19*for* 1990-91*and subsequent years. Previously* “his widow or a dependant of his”.
[^c23484931]: Words in [s. 628(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/628/1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [86](https://www.legislation.gov.uk/uksi/2005/3229/regulation/86)
[^c21618211]: Source-1987 (No.2) s.18
[^c21618241]: 1988(F) s.55(1)—*from* 1*July* 1988.
[^c22888811]: [S. 630](https://www.legislation.gov.uk/ukpga/1988/1/section/630) renumbered as s. 630(1) (with effect in accordance with [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/1) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/2/2)
[^c22888661]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): definition of "authorised insurance company" substituted (with effect in accordance with [s. 60(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/60/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 59(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/59/4)
[^c22896861]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): definition of "pension date" inserted (with effect in accordance with [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/2/2)
[^c22888831]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): words in definition of "personal pension scheme" inserted (with effect in accordance with [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/2/2)
[^c22888851]: [S. 630(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/2) inserted (with effect in accordance with [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/2/3)
[^c22896761]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): words in definition of "approved" inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para 2(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/2/a) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896781]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): in definition of "approved", words in para. (b) renumbered as para. (b)(i) (28.7.2000) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/2/b) (with Sch. 13 Pt, 2)
[^c22896821]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): in definition of "approved", para. (b) and preceding word inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/2/b) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896911]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): definition of "approved converted scheme" inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/4/a) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896931]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): definition of "approved retirement benefits scheme" inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/4/b) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896951]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): definition of "the earnings threshold" inserted (with effect in accordance with [Sch. 13 para. 5(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/4/c) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897011]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): definition of "higher level contributions" inserted (with effect in accordance with [Sch. 13 para. 5(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(4)(d)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/4/d) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896831]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): definition of "income withdrawal" inserted (with effect in accordance with [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/2/2)
[^c22896881]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): words in definition of "pension date" inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/3) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897031]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): definition of "the personal pension fund" inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(4)(e)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/4/e) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897061]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): definition of "retirement benefits scheme" inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(4)(f)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/4/f) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897071]: [S. 630(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/5) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897101]: Words in [s. 630(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/2/a) substituted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(6)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/6/a) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897111]: Words in [s. 630(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/2) added (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(6)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/6/b) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897131]: [S. 630(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/3) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/7), [Sch. 40 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/4) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c21618251]: Source-1987 (No.2) s.19
[^c21618261]: *See* S.I. [1987 No.1765](https://www.legislation.gov.uk/ukcm/1987/1765) (*in* Part III Vol.5)*for regulations governing the provisional approval of schemes where application is made before* 10*August* 1989.
[^c22892351]: Words in [s. 631(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/631/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 94(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/94/2)
[^c22897641]: Words in [s. 631(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/631/2) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/6/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897661]: [S. 631(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/631/2A) inserted (with effect in accordance with [Sch. 13 para. 6(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/6/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 6(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/6/3) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897681]: Words in [s. 631(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/631/3) inserted (with effect in accordance with [Sch. 13 para. 6(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/6/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/6/4) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c21618271]: Source-1987 (No.2) s.20
[^c21618291]: [1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53).
[^c21618301]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1988 No.993](https://www.legislation.gov.uk/ukcm/1988/993)
[^c21618351]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1988 No.993](https://www.legislation.gov.uk/ukcm/1988/993)
[^c21618361]: [1985 c.6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21618371]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1986 No.1032](https://www.legislation.gov.uk/ukcm/1986/1032).
[^c21618381]: 1988(F) s.54(2)(a)—*deemed always to have had effect. Previously* “4th January”.
[^c22891551]: [S. 632(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/aa) inserted (24.10.1997) by [The Personal Pension Schemes (Establishment of Schemes) Order 1997 (S.I. 1997/2388)](https://www.legislation.gov.uk/uksi/1997/2388), [arts. 1](https://www.legislation.gov.uk/uksi/1997/2388/article/1), [3(a)](https://www.legislation.gov.uk/uksi/1997/2388/article/3/a)
[^c22891571]: [S. 632(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/e) added (24.10.1997) by [The Personal Pension Schemes (Establishment of Schemes) Order 1997 (S.I. 1997/2388)](https://www.legislation.gov.uk/uksi/1997/2388), [arts. 1](https://www.legislation.gov.uk/uksi/1997/2388/article/1), [3(b)](https://www.legislation.gov.uk/uksi/1997/2388/article/3/b)
[^c22891591]: [S. 632(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/2B) inserted (24.10.1997) by [The Personal Pension Schemes (Establishment of Schemes) Order 1997 (S.I. 1997/2388)](https://www.legislation.gov.uk/uksi/1997/2388), [arts. 1](https://www.legislation.gov.uk/uksi/1997/2388/article/1), [5](https://www.legislation.gov.uk/uksi/1997/2388/article/5)
[^c22900001]: Words in [s. 632(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1) substituted (1.10.2000) by [The Personal Pension Schemes (Establishment of Schemes) Order 2000 (S.I. 2000/2317)](https://www.legislation.gov.uk/uksi/2000/2317), [arts. 1](https://www.legislation.gov.uk/uksi/2000/2317/article/1), [2(2)](https://www.legislation.gov.uk/uksi/2000/2317/article/2/2)
[^c22900021]: [S. 632(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1A) inserted (1.10.2000) by [The Personal Pension Schemes (Establishment of Schemes) Order 2000 (S.I. 2000/2317)](https://www.legislation.gov.uk/uksi/2000/2317), [arts. 1](https://www.legislation.gov.uk/uksi/2000/2317/article/1), [2(3)](https://www.legislation.gov.uk/uksi/2000/2317/article/2/3)
[^c22900431]: Words in [s. 632(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 41(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/41/2)
[^c22900471]: [S. 632(1)(aa)-(ac)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/aa) substituted for s. 632(1)(aa) (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 41(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/41/3)
[^c22900491]: [S. 632(1)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/bb) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 41(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/41/4)
[^c22900511]: [S. 632(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/c) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 41(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/41/5)
[^c22900531]: Words in [s. 632(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/cc) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 41(6)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/41/6/a)
[^c22900551]: Words in [s. 632(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/cc) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 41(6)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/41/6/b)
[^c22900571]: [S. 632(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/d) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 41(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/41/7)
[^c22900591]: [S. 632(1)(e)(i)-(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/e/i) substituted for s. 632(1)(e)(i)(ii) (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I 2001/3629), art. 41(8)
[^c22900611]: [S. 632(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/2) substituted for s. 632(2)(2ZA) (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 41(9)](https://www.legislation.gov.uk/uksi/2001/3629/article/41/9)
[^c22900631]: [S. 632(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/2B) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 41(10)](https://www.legislation.gov.uk/uksi/2001/3629/article/41/10)
[^c21618401]: Source-1987 (No.2) s.21
[^c22888891]: Words in [s. 633(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/633/1/a) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 3(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/3/2)
[^c22888911]: Words in [s. 633(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/633/1/c) inserted (1.5.1995) by Finance Act 1995 (c 4), Sch. 11 para. 3(3)
[^c22888931]: Words in [s. 633(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/633/1/d) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/3/4)
[^c22888951]: [S. 633(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/633/1/e) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 3(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/3/5)
[^c22889581]: Words in [s. 633(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/633/1/e) substituted (with effect in accordance with [s. 172(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/172/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 172(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/172/1)
[^c22897741]: [S. 633(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/633/2) repealed (with effect in accordance with Sch. 13 para. 9(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 9(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/9/2), [Sch. 40 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/4), Note 1 (with Sch. 13 Pt. 2)
[^c21618411]: Source-1987 (No.2) s.22
[^c22893961]: Words in [s. 634(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/634/6) substituted (with application in accordance with [Sch. 10 para. 18(8)(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/8/9) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para 12(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/12/1); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c23484991]: Words in [s. 634(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/634/5/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [88](https://www.legislation.gov.uk/uksi/2005/3229/regulation/88)
[^c21618451]: Source-1987 (No.2) s.23
[^c21618461]: 1989 s.77*and* Sch.7 para.2(2)*in relation to the approval of a scheme on or after* 27*July* 1989*but if the scheme came into existence before* 27*July* 1989 para.2(2)*shall not have effect as regards arrangements made by a member in accordance with the scheme before that date. Previously* “(3) The lump sum must not exceed one quarter of the total value, at the time when the lump sum is paid, of the benefits for the member provided for by the arrangements made by him in accordance with the scheme.”.
[^c21618471]: Words in [s. 635(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/635/3/b) substituted (7.2.1994) by [Pension Schemes Act 1993 (c. 48)](https://www.legislation.gov.uk/ukpga/1993/48), [ss. 190](https://www.legislation.gov.uk/ukpga/1993/48/section/190), [193(2)](https://www.legislation.gov.uk/ukpga/1993/48/section/193/2), [Sch. 8 para. 20(2)](https://www.legislation.gov.uk/ukpga/1993/48/schedule/8/paragraph/20/2) (with [ss. 6(8)](https://www.legislation.gov.uk/ukpga/1993/48/section/6/8), [164](https://www.legislation.gov.uk/ukpga/1993/48/section/164)); [S.I. 1994/86](https://www.legislation.gov.uk/uksi/1994/86), [art. 2](https://www.legislation.gov.uk/uksi/1994/86/article/2)
[^c21618481]: Words in [s. 635(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/635/3/b) substituted (7.2.1994) by [Pension Schemes (Northern Ireland) Act 1993 (c. 49)](https://www.legislation.gov.uk/ukpga/1993/49), [ss. 184](https://www.legislation.gov.uk/ukpga/1993/49/section/184), [186(2)](https://www.legislation.gov.uk/ukpga/1993/49/section/186/2), [Sch. 7 para. 22(1)](https://www.legislation.gov.uk/ukpga/1993/49/schedule/7/paragraph/22/1); [S.R. 1994/17](https://www.legislation.gov.uk/nisr/1994/17), [art. 2](https://www.legislation.gov.uk/nisr/1994/17/article/2)
[^c21618491]: *Words repealed by* 1989 ss.77, 187*and* Schs.7 para. 2(3)*and* 17 Part IV*in relation to approvals on or after* 27*July* 1989.
[^c22888991]: Words in [s. 635(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/635/1) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 5(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/5/2)
[^c22889011]: Words in [s. 635(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/635/2) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 5(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/5/3)
[^c22889031]: Words in [s. 635(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/635/3/a) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 5(4)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/5/4/a)
[^c22889071]: Words in [s. 635(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/635/3/b) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 5(4)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/5/4/b)
[^c22894001]: Words in [s. 635(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/635/5) inserted (with application in accordance with [Sch. 10 para. 18(8)(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/8/9) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 12(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/12/3); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c21618501]: Source-1987 (No.2) s.24
[^c22889091]: Words in [s. 636(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/636/3) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/6)
[^c22894021]: [S. 636(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/636/3A) inserted (with application in accordance with [Sch. 10 para. 18(8)(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/8/9) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 13(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/13/1); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22894041]: Words in [s. 636(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/636/10) substituted (with application in accordance with [Sch. 10 para. 18(8)(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/8/9) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 13(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/13/2); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c23485011]: Words in [s. 636(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/636/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [89(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/89/2)
[^c23485031]: Words in [s. 636(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/636/5) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [89(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/89/3)
[^c23485091]: Words in [s. 636(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/636/6) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [89(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/89/4)
[^c23485111]: Words in [s. 636(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/636/7) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [89(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/89/5)
[^c23485161]: Words in [s. 636(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/636/9/a) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [89(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/89/6)
[^c23485181]: Words in [s. 636(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/636/9/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [89(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/89/6)
[^c22889131]: [Ss. 637](https://www.legislation.gov.uk/ukpga/1988/1/section/637), [637A](https://www.legislation.gov.uk/ukpga/1988/1/section/637A) substituted for s. 637 (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/8)
[^c21618601]: Source-1987 (No.2) s.27
[^c21618611]: *For regulations see* Part III Vol.5 (*under* “*Personal pension schemes*”).
[^c21618621]: Source-1987 (No.2) s.29
[^c21618631]: Source-1987 (No.2) s.30
[^c21618641]: Words in [s. 638(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/6/c) substituted (7.2.1994) by [Pension Schemes Act 1993 (c. 48)](https://www.legislation.gov.uk/ukpga/1993/48), [ss. 190](https://www.legislation.gov.uk/ukpga/1993/48/section/190), [193(2)](https://www.legislation.gov.uk/ukpga/1993/48/section/193/2), [Sch. 8 para. 20(3)](https://www.legislation.gov.uk/ukpga/1993/48/schedule/8/paragraph/20/3) (with [ss. 6(8)](https://www.legislation.gov.uk/ukpga/1993/48/section/6/8), [164](https://www.legislation.gov.uk/ukpga/1993/48/section/164)); [S.I. 1994/86](https://www.legislation.gov.uk/uksi/1994/86), [art. 2](https://www.legislation.gov.uk/uksi/1994/86/article/2)
[^c21618651]: Words in [s. 638(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/6/c) substituted (7.2.1994) by [Pension Schemes (Northern Ireland) Act 1993 (c. 49)](https://www.legislation.gov.uk/ukpga/1993/49), [ss. 184](https://www.legislation.gov.uk/ukpga/1993/49/section/184), [186(2)](https://www.legislation.gov.uk/ukpga/1993/49/section/186/2), [Sch. 7 para. 22(2)](https://www.legislation.gov.uk/ukpga/1993/49/schedule/7/paragraph/22/2); [S.R. 1994/17](https://www.legislation.gov.uk/nisr/1994/17), [art. 2](https://www.legislation.gov.uk/nisr/1994/17/article/2)
[^c21618661]: [S. 638(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/7/8) substituted for s. 638(7) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 55(2)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/55/2/4)
[^c22889171]: [S. 638(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/7A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 9](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/9)
[^c22892981]: Word in [s. 638(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/6/c) substituted (25.2.1999 for specified purposes and 1.4.1999 otherwise) by [Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2)](https://www.legislation.gov.uk/ukpga/1999/2), [s. 28(2)(a)(3)](https://www.legislation.gov.uk/ukpga/1999/2/section/28/2/a/3), [Sch. 1 para. 3](https://www.legislation.gov.uk/ukpga/1999/2/schedule/1/paragraph/3) (with [Sch. 8](https://www.legislation.gov.uk/ukpga/1999/2/schedule/8)); [S.I. 1999/527](https://www.legislation.gov.uk/uksi/1999/527), [art. 2(b)](https://www.legislation.gov.uk/uksi/1999/527/article/2/b), [Sch. 2](https://www.legislation.gov.uk/uksi/1999/527/schedule/2)
[^c22893111]: Words in [s. 638(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/6/c) repealed (1.4.1999) by [The Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999 (S.I. 1999/671)](https://www.legislation.gov.uk/uksi/1999/671), [art. 1(3)](https://www.legislation.gov.uk/uksi/1999/671/article/1/3), [Sch. 1 para. 3](https://www.legislation.gov.uk/uksi/1999/671/schedule/1/paragraph/3), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/uksi/1999/671/schedule/9/part/1) (with [Sch. 7](https://www.legislation.gov.uk/uksi/1999/671/schedule/7)); [S.R. 1999/149](https://www.legislation.gov.uk/nisr/1999/149), [art. 2(c)](https://www.legislation.gov.uk/nisr/1999/149/article/2/c), [Sch. 2](https://www.legislation.gov.uk/nisr/1999/149/schedule/2)
[^c22898531]: Words in [s. 638(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/3/a) inserted (with effect in accordance with [Sch. 13 para. 13(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/13/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 13(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/13/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22901181]: Words in [s. 638(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/4) repealed (with effect in accordance with Sch. 13 para 13(7), Sch. 40 Pt. 2(4) Note 2 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 13(3)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/13/3/a), [Sch. 40 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/4)
[^c22898621]: [S. 638(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/4/b) and preceding word repealed (with effect in accordance with Sch. 13 para 13(7), Sch. 40 Pt. 2(4) Note 2 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 13(3)(b)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/13/3/b/c), [Sch. 40 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/4)
[^c22898551]: [S. 638(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/7B) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 13(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/13/4) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898571]: [S. 638(9)-(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/9) inserted (with effect in accordance with [Sch. 13 para. 13(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/13/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 13(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/13/5) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898631]: [1992 c. 12](https://www.legislation.gov.uk/ukpga/1992/12).
[^c23482311]: Words in [s. 638(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/7) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 90(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/90/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482331]: Words in [s. 638(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/11) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 90(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/90/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482351]: Words in [s. 638(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/11) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 90(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/90/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482371]: Words in [s. 638(12)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/12/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 90(4)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/90/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482391]: Words in [s. 638(12)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/12/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 90(4)(b)(i)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/90/4/b/i) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482411]: Words in [s. 638(12)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/12/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 90(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/90/4/b/ii) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481911]: Words in [s. 638(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/13) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 90(5)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/90/5/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482431]: Words in [s. 638(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/13) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 90(5)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/90/5/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22893981]: Words in [s. 634A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/634A/6) inserted (with application in accordance with [Sch. 10 para 18(8)(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/8/9) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 12(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/12/2); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22897781]: Words in [s. 634A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/634A/4) substituted (1.10.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 10(2)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/10/2/a/5) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897801]: [S. 634(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/634/4/a/b) substituted for words in s. 634(4) (with effect in accordance with [Sch. 13 para. 10(6)(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/10/6/7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para 10(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/10/2/b) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897821]: [S. 634A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/634A/5) substituted (1.10.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 10(3)(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/10/3/5) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897841]: [S. 634A(5A)-(5D)](https://www.legislation.gov.uk/ukpga/1988/1/section/634A/5A) inserted (with effect in accordance with [Sch. 13 para. 10(6)(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/10/6/7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 10(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/10/4) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897761]: [S. 634A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/634A/1A) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 11(2)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/11/2/6) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22901161]: Words in [s. 634A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/634A/4/b) renumbered as s. 634A(4)(b)(i) (6.4.2001) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 11(3)(a)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/11/3/a/6) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897891]: Words in [s. 634A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/634A/4/b) added (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 11(3)(b)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/11/3/b/6) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897911]: [S. 634A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/634A/4A) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 11(4)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/11/4/6) (with [Sch 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897931]: Words in [s. 634A(5D)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/634A/5D/b) substituted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 11(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/11/5/6) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22894061]: Words in [s. 636A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/636A/7) inserted (with application in accordance with [Sch. 10 para. 18(8)(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/8/9) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 14](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/14); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22898471]: [S. 636A(5)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/636A/5/a/b) substituted for words in s. 636A(5) (1.10.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 12(3)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/12/3/6) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898451]: [S. 636A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/636A/1A) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 12(2)(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/12/2/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22901171]: Words in [s. 636A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/636A/5/b) renumbered as s. 636A(5)(b)(i) (6.4.2001) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 12(4)(a)(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/12/4/a/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898491]: Words in [s. 636A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/636A/5/b) added (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 12(4)(b)(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/12/4/b/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898511]: [S. 636A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/636A/5A) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 12(5)(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/12/5/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22889601]: [S. 637A](https://www.legislation.gov.uk/ukpga/1988/1/section/637A) substituted (with effect in accordance with [s. 172(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/172/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 172(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/172/2)
[^c23484971]: Words in [s. 632A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/632A/9) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [87](https://www.legislation.gov.uk/uksi/2005/3229/regulation/87)
[^c22900121]: [S. 632B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/632B/4/a) modified (6.4.2001 in accordance with art. 1(1) of the modifying S.I.) by [The Personal Pension Schemes (Concurrent Membership) Order 2000 (S.I. 2000/2318)](https://www.legislation.gov.uk/uksi/2000/2318), [art. 3(1)](https://www.legislation.gov.uk/uksi/2000/2318/article/3/1)
[^c22898661]: [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48).
[^c22898671]: [1993 c. 49](https://www.legislation.gov.uk/ukpga/1993/49).
[^c21618691]: *For regulations see* Part III Vol.5 (*under* “*Personal pension schemes*”).
[^c21618701]: Source-1987 (No.2) s.48
[^c21618711]: Source-1987 (No.2) s.49
[^c22898681]: [S. 639(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/639/1)(2)(2A) substituted for s. 639(1)(2) (with effect in accordance with [Sch. 13 para. 15(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 15(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898701]: [S. 639(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/639/3) substituted (with effect in accordance with [Sch. 13 para. 15(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 15(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/3) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898721]: [S. 639(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/639/4) substituted (with effect in accordance with [Sch. 13 para. 15(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 15(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/4) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898741]: [S. 639(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/639/4A) inserted (with effect in accordance with [Sch. 13 para. 15(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 15(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/5) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898761]: Words in [s. 639(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/639/5) substituted (with effect in accordance with [Sch. 13 para. 15(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 15(6)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/6/a) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898781]: Words in [s. 639(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/639/5) substituted (with effect in accordance with [Sch. 13 para. 15(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 15(6)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/6/b) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898801]: [S. 639(5A)(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/639/5A/5B) inserted (with effect in accordance with [Sch. 13 para. 15(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 15(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898821]: Words in [s. 639(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/639/7) substituted (with effect in accordance with [Sch. 13 para. 15(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 15(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/8) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c21618721]: Source-1987 (No.2) s.32
[^c21618731]: 1989 s.77*and* Sch.7 para.3*for* 1989-90*and subsequent years. Previously* “51 to 55—20 per cent., 56 to 60—22.5 per cent., 61 or more—27.5 per cent.”.
[^c22898841]: Words in [s. 640(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/640/1) substituted (with effect in accordance with [Sch. 13 para. 16(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/2/a) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898861]: Words in [s. 640(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/640/1) inserted (with effect in accordance with [Sch. 13 para. 16(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/2/b) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898881]: Words in [s. 640(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/640/3) substituted (with effect in accordance with [Sch. 13 para. 16(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 16(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/4) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898901]: Words in [s. 640(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/640/3) substituted (with effect in accordance with [Sch. 13 para. 16(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 16(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/5) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898921]: [S. 640(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/640/3A) inserted (with effect in accordance with [Sch. 13 para. 16(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/6) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898941]: Words in [s. 640(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/640/4) substituted (with effect in accordance with [Sch. 13 para. 16(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 16(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c21618761]: Words in [s. 640A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/640A/4) substituted (27.7.1993 with effect for 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(6)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/6/8)
[^c23482991]: Words in [s. 640A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/640A/1) substituted (with effect in accordance with [s. 174(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/174/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 174(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/174/1)
[^c21618801]: Source-1987 (No.2) s.39(1)
[^c21618811]: Source-1987 (No.2) s.41(1), (2)
[^c22889211]: [S. 643(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/643/5) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 11](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/11)
[^c23481891]: [S. 643(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/643/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 91(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/91/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481931]: Words in [s. 643(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/643/5) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 91(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/91/3), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21618821]: Source-1987 (No.2) s.35
[^c21618831]: 1989 s.77*and* Sch.7 para.5(2)*from* 6*April* 1989.*Previously* “(5)”.
[^c22892411]: [S. 644(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/2/c) extended (with effect in accordance with s. 44 of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 6 paras. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/2)
[^c21618841]: 1989 s.107*and* Sch. 12 para.16*in relation to accounting periods beginning after* 31*March* 1989.*Previously* “ “investment income” shall be construed in accordance with paragraph 7 of Schedule 19.”.
[^c21618851]: 1989 s.77*and* Sch.7 para.5(3)*from* 6*April* 1989.
[^c21618861]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c22900701]: [S. 644(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/2/c) extended (with effect in accordance with Sch. 22 paras. 16-18 of the extending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 4](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/4)
[^c22894081]: [S. 644(6EA)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/6EA) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 15(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/15/1)
[^c22894101]: Words in [s. 644(6F)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/6F) substituted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/15/2/a)
[^c22894121]: Words in [s. 644(6F)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/6F/c) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 15(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/15/2)b)
[^c22894141]: Words in [s. 644(6F)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/6F/d) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 15(2)(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/15/2/c)
[^c23482631]: [S. 644](https://www.legislation.gov.uk/ukpga/1988/1/section/644) modified (6.4.2003 with effect in accordance with s. 723(1) of the modifying Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 56(8)](https://www.legislation.gov.uk/ukpga/2003/1/section/56/8) (with [s. 48(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/48/2))
[^c23482471]: Words in [s. 644(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/2/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 92(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/92/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482491]: Words in [s. 644(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/2/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 92(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/92/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482511]: Words in [s. 644(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 92(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/92/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482541]: Words in [s. 644(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/4/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 92(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/92/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482561]: Words in [s. 644(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/4/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 92(6)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/92/6) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482581]: Words in [s. 644(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/5) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 92(7)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/92/7/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482601]: Words in [s. 644(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/6A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 92(7)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/92/7/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482611]: Words in [s. 644(6D)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/6D/c) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 92(7)(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/92/7/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482621]: Words in [s. 644(6E)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/6E/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 92(7)(d)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/92/7/d) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483881]: Words in [s. 644(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/2/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 264(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/264/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483901]: [S. 644(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/2/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 264(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/264/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23485201]: Words in [s. 644(6F)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/6F/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [90](https://www.legislation.gov.uk/uksi/2005/3229/regulation/90)
[^c21618871]: Source-1987 (No.2) s.36
[^c21618881]: 1989 s.77*and* Sch.7 para.6(2), (3)*from* 6*April* 1989.*Previously* “neither subsection (4) nor subsection (5) below applies” *in* subs.(1).
[^c21618891]: *Repealed by* 1989 ss.77*and* 187, Schs.7 para.6(3)*and* 17 Part IV*from* 6*April* 1989.
[^c21618911]: 1989 s.77*and* Sch.7 para.6(4)*from* 6*April* 1989.
[^c21618921]: *Repealed by* 1989 ss.77*and* 187, Schs.7 para.6(5)*and* 17 Part IV*from* 6*April* 1989.
[^c22899091]: Word preceding s. 645(3)(c) repealed (28.7.2000) by Finance Act 2000 (c, 17), Sch. 13 para. 20(2), Sch. 40 Pt. 2(4) (with Sch. 13 Pt. 2)
[^c22899141]: [S. 645(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/645/3/d) and preceding word inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 20(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/20/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23482651]: Words in [s. 645(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/645/3/c) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 93(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/93/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482671]: Words in [s. 645(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/645/4A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 93(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/93/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482691]: Words in [s. 645(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/645/4A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 93(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/93/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482711]: Words in [s. 645(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/645/4A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 93(3)(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/93/3/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482731]: [S. 645(4B)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/645/4B) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 93(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/93/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23485221]: Words in [s. 645(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/645/4/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [91](https://www.legislation.gov.uk/uksi/2005/3229/regulation/91)
[^c21618931]: Source-1987 (No.2) s.37
[^c21618941]: 1989 s.77*and* Sch.7 para.7*for the year* 1989-90*and subsequent years.*
[^c21618951]: *Words repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21618961]: 1990(C) s.164*and* Sch.1 para.8(29).*Previously* “under the 1968 Act (including the enactments which under this Act or the 1970 Act are to be treated as contained in Part I of the 1968 Act)”.
[^c21618971]: *Words repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c22899251]: Words in [s. 646(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/646/5) substituted (with effect in accordance with [Sch. 13 para. 21(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/21/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 21(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/21/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899271]: Words in [s. 646(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/646/6) substituted (with effect in accordance with [Sch. 13 para. 21(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/21/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 21(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/21/3) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899301]: [S. 646(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/646/7) repealed (with effect in accordance with Sch. 13 para. 21(5), Sch. 40 Pt. 2(4) Note 5 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 21(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/21/4), [Sch. 40 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/4)
[^c22900101]: Words in [s. 646(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/646/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/54)
[^c23482751]: [S. 646(2)(b)-(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/646/2/b) substituted for s. 646(2)(b) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 94](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/94) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483921]: Words in [s. 646(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/646/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 265(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/265/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483941]: [S. 646(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/646/2/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 265(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/265/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483961]: Words in [s. 646(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/646/2/bb) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 265(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/265/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23482771]: Words in [s. 646A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/646A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 95(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/95/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482791]: Words in [s. 646A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/646A/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 95(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/95/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483011]: Words in [s. 641A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/641A/1) substituted (with effect in accordance with [s. 174(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/174/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 174(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/174/3)
[^c21619071]: Source-1987 (No.2) s.42.
[^c21619081]: Words in [s. 649(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/1) substituted (7.2.1994) by [Pension Schemes Act 1993 (c. 48)](https://www.legislation.gov.uk/ukpga/1993/48), [ss. 190](https://www.legislation.gov.uk/ukpga/1993/48/section/190), [193(2)](https://www.legislation.gov.uk/ukpga/1993/48/section/193/2), [Sch. 8 para. 20(3)](https://www.legislation.gov.uk/ukpga/1993/48/schedule/8/paragraph/20/3) (with [ss. 6(8)](https://www.legislation.gov.uk/ukpga/1993/48/section/6/8), [164](https://www.legislation.gov.uk/ukpga/1993/48/section/164)); [S.I. 1994/86](https://www.legislation.gov.uk/uksi/1994/86), [art. 2](https://www.legislation.gov.uk/uksi/1994/86/article/2)
[^c21619101]: *For regulations see* Part III Vol.5 (*under* “*Personal pension schemes*”).
[^c21619111]: Words in [s. 649(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/6/b) substituted (7.2.1994) by [Pension Schemes Act 1993 (c. 48)](https://www.legislation.gov.uk/ukpga/1993/48), [ss. 190](https://www.legislation.gov.uk/ukpga/1993/48/section/190), [193(2)](https://www.legislation.gov.uk/ukpga/1993/48/section/193/2), [Sch. 8 para. 20(5)](https://www.legislation.gov.uk/ukpga/1993/48/schedule/8/paragraph/20/5) (with [ss. 6(8)](https://www.legislation.gov.uk/ukpga/1993/48/section/6/8), [164](https://www.legislation.gov.uk/ukpga/1993/48/section/164)); [S.I. 1994/86](https://www.legislation.gov.uk/uksi/1994/86), [art. 2](https://www.legislation.gov.uk/uksi/1994/86/article/2)
[^c21619121]: Words in [s. 649(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/6/b) substituted (7.2.1994) by [Pension Schemes (Northern Ireland) Act 1993 (c. 49)](https://www.legislation.gov.uk/ukpga/1993/49), [ss. 184](https://www.legislation.gov.uk/ukpga/1993/49/section/184), [186(2)](https://www.legislation.gov.uk/ukpga/1993/49/section/186/2), [Sch. 7 para. 22(3)](https://www.legislation.gov.uk/ukpga/1993/49/schedule/7/paragraph/22/3); [S.R. 1994/17](https://www.legislation.gov.uk/nisr/1994/17), [art. 2](https://www.legislation.gov.uk/nisr/1994/17/article/2)
[^c22890091]: [S. 649(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/2): definition of "the employee's share" substituted (E.W.S.) (6.4.1997) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/1995/26/schedule/5/paragraph/12); [S.I. 1997/664](https://www.legislation.gov.uk/uksi/1997/664), [art. 2(3)](https://www.legislation.gov.uk/uksi/1997/664/article/2/3), [Sch. Pt. 2](https://www.legislation.gov.uk/uksi/1997/664/schedule/part/2)
[^c22891671]: [S. 649(6)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/6/bb) inserted (N.I.) (6.4.1997) by [The Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213)](https://www.legislation.gov.uk/uksi/1995/3213), [art. 1(2)](https://www.legislation.gov.uk/uksi/1995/3213/article/1/2), [Sch. 3 para. 8](https://www.legislation.gov.uk/uksi/1995/3213/schedule/3/paragraph/8); [S.R. 1997/192](https://www.legislation.gov.uk/nisr/1997/192), [art. 2(b)](https://www.legislation.gov.uk/nisr/1997/192/article/2/b)
[^c22893001]: Words in [s. 649(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/1) substituted (25.2.1999 for specified purposes and 1.4.1999 otherwise) by [Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2)](https://www.legislation.gov.uk/ukpga/1999/2), [s. 28(2)(a)](https://www.legislation.gov.uk/ukpga/1999/2/section/28/2/a), [Sch. 1 para. 4(2)](https://www.legislation.gov.uk/ukpga/1999/2/schedule/1/paragraph/4/2) (with [Sch. 8](https://www.legislation.gov.uk/ukpga/1999/2/schedule/8)); [S.I. 1999/527](https://www.legislation.gov.uk/uksi/1999/527), [art. 2(b)](https://www.legislation.gov.uk/uksi/1999/527/article/2/b), [Sch. 2](https://www.legislation.gov.uk/uksi/1999/527/schedule/2)
[^c22893021]: Word in [s. 649(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/3) substituted (25.2.1999 for specified purposes and 1.4.1999 otherwise) by [Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2)](https://www.legislation.gov.uk/ukpga/1999/2), [s. 28(2)(a)](https://www.legislation.gov.uk/ukpga/1999/2/section/28/2/a), [Sch. 1 para. 4(3)](https://www.legislation.gov.uk/ukpga/1999/2/schedule/1/paragraph/4/3) (with [Sch. 8](https://www.legislation.gov.uk/ukpga/1999/2/schedule/8)); [S.I. 1999/527](https://www.legislation.gov.uk/uksi/1999/527), [art. 2(b)](https://www.legislation.gov.uk/uksi/1999/527/article/2/b), [Sch. 2](https://www.legislation.gov.uk/uksi/1999/527/schedule/2)
[^c22893061]: [S. 649(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/4/a/b) repealed (25.2.1999 for specified purposes and 1.4.1999 otherwise) by [Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2)](https://www.legislation.gov.uk/ukpga/1999/2), [s. 28(2)(a)](https://www.legislation.gov.uk/ukpga/1999/2/section/28/2/a), [Sch. 1 para. 4(4)](https://www.legislation.gov.uk/ukpga/1999/2/schedule/1/paragraph/4/4), [Sch. 10 Pt. 1](https://www.legislation.gov.uk/ukpga/1999/2/schedule/10/part/1) (with [Sch. 8](https://www.legislation.gov.uk/ukpga/1999/2/schedule/8)); [S.I. 1999/527](https://www.legislation.gov.uk/uksi/1999/527), [art. 2(b)](https://www.legislation.gov.uk/uksi/1999/527/article/2/b), [Sch. 2](https://www.legislation.gov.uk/uksi/1999/527/schedule/2)
[^c22893041]: [S. 649(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/5) substituted (25.2.1999 for specified purposes and 1.4.1999 otherwise) by [Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2)](https://www.legislation.gov.uk/ukpga/1999/2), [s. 28(2)(a)](https://www.legislation.gov.uk/ukpga/1999/2/section/28/2/a), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/ukpga/1999/2/schedule/1/paragraph/4/5) (with [Sch. 8](https://www.legislation.gov.uk/ukpga/1999/2/schedule/8)); [S.I. 1999/527](https://www.legislation.gov.uk/uksi/1999/527), [art. 2(b)](https://www.legislation.gov.uk/uksi/1999/527/article/2/b), [Sch. 2](https://www.legislation.gov.uk/uksi/1999/527/schedule/2)
[^c22893091]: [S. 649(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/6/a) repealed (1.4.1999) by [The Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999 (S.I. 1999/671)](https://www.legislation.gov.uk/uksi/1999/671), [art. 1(3)](https://www.legislation.gov.uk/uksi/1999/671/article/1/3), [Sch. 1 para. 4](https://www.legislation.gov.uk/uksi/1999/671/schedule/1/paragraph/4), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/uksi/1999/671/schedule/9/part/1) (with [Sch. 7](https://www.legislation.gov.uk/uksi/1999/671/schedule/7)); [S.R. 1999/149](https://www.legislation.gov.uk/nisr/1999/149), [art. 2(c)](https://www.legislation.gov.uk/nisr/1999/149/article/2/c), [Sch. 2](https://www.legislation.gov.uk/nisr/1999/149/schedule/2)
[^c21619131]: Source-1987 (No.2) s.43
[^c22892421]: [S. 650(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/650/6) inserted (with effect in accordance with [s. 95(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 95(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/2)
[^c21619141]: Source-1987 (No.2) s.47
[^c22899441]: Words in [s. 651(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/651/1/a) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/24/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c21619161]: Source-1987 (No.2) s.51(1)
[^c21619171]: 1989 s.170(4)(b)*in relation to things done or omitted to be done on or after* 27*July* 1989.*Previously* “£500”.
[^c22893941]: [S. 654](https://www.legislation.gov.uk/ukpga/1988/1/section/654) applied (with modifications) (with effect in accordance with s. 52(2) of the affecting Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/6)
[^c21619181]: Source-1987 (No.2) s.52
[^c21619191]: [1987 c. 45](https://www.legislation.gov.uk/ukpga/1987/45).
[^c21619201]: Source-1987 (No.2) s.55.
[^c21619211]: 1988(F) s.54 (*which also specifies changes to* ss.20, 54, 55*and* 56 of 1987 (No.2)).*Deemed always to have had effect. Previously* “1984-85, 1985-86 or 1986-87”.
[^c21619221]: 1988(F) s.54 (*which also specifies changes to* ss.20, 54, 55*and* 56*of* 1987 (No.2)).*Deemed always to have had effect. Previously* “1987-88”, “4th January” *and* “August 1989” *respectively.*
[^c21619231]: Source-1987 (No.2) s.56
[^c21619251]: *For regulations see* S.I. [1987 No.1765](https://www.legislation.gov.uk/ukcm/1987/1765)*in* Part III Vol.5.
[^c22899461]: Words in [s. 655(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/655/1/a) substituted (with effect in accordance with [Sch. 13 para. 25(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/25/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 25(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/25/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23483421]: Words in [s. 650A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/650A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 267(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/267/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483251]: Words in [s. 650A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/650A/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 267(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/267/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483981]: Words in [s. 648B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/648B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 266(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/266/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484001]: Words in [s. 648B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/648B/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 266(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/266/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21619331]: Source-1970 s.230(1)
[^c21619341]: Source-1970 s.230(2A); 1970(F) Sch.4 8
[^c21619351]: Source-1970 s.230(2)(a)-(c)
[^c21619361]: Source-1970 s.230(2)(d), (2A); 1970(F) Sch.4 8
[^c21619371]: Source-1970 s.230(3)-(5)
[^c21619381]: [S. 656(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/7) inserted (retrospectively) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 76(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/76/1)
[^c23484021]: Words in [s. 656(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484041]: Words in [s. 656(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484061]: Words in [s. 656(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/5/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21619391]: Source-1970 s.230(6), (7); 1978 s.26(4); 1987 (No.2), s.41(3)
[^c22894161]: [S. 657(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/da) substituted for word at the end of s. 657(2)(d) (retrospectively) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 80](https://www.legislation.gov.uk/ukpga/1999/16/section/80)
[^c22894211]: [S. 657(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/f) and preceding word inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/16)
[^c23482811]: Words in [s. 657(2)(f)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/f/i) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 97](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/97) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23484111]: Words in [s. 657(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 269](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/269) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21619401]: Source-1970 s.231
[^c21619411]: *For regulations see* Part III Vol.5 (*under* “*Life annuities, purchased*”).
[^c21619421]: 1989 s.170(4)(c)*in relation to things done or omitted to be done on or after* 27*July* 1989.*Previously* “£500”.
[^c23483441]: Words in [s. 658(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483271]: Words in [s. 658(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483461]: [S. 658(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23568681]: Words in [s. 658A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/658A/1) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 98](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/98) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22901221]: [S. 659B(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/659B/1/1A) substituted for s. 659B(1) (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 42(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/42/2)
[^c22901241]: [S. 659B(3)(4)(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/659B/3/4/10) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 42(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/42/3)
[^c23482851]: [S. 659B(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/659B/9/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 99(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/99/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482871]: Words in [s. 659B(9)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/659B/9/c) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 99(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/99/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482891]: [S. 659B(9)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/659B/9/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 99(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/99/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22901311]: Words in [s. 659D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/659D/2) substituted (1.11.1999) by [Welfare Reform and Pensions Act 1999 (c. 30)](https://www.legislation.gov.uk/ukpga/1999/30), [s. 89(4)(e)](https://www.legislation.gov.uk/ukpga/1999/30/section/89/4/e), [Sch. 12 para. 13](https://www.legislation.gov.uk/ukpga/1999/30/schedule/12/paragraph/13)
[^c23485251]: Words in [s. 659D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/659D/1) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [92(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/92/a)
[^c23485271]: [S. 659D(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/659D/1A) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [92(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/92/b)
[^c21620031]: 1989 s.109(1).
[^c21621191]: *See*—s.186(11)—*approved profit sharing schemes.*[s.454](https://www.legislation.gov.uk/ukpga/1988/1/section/454)—*underwriter's special reserve fund not to be treated as settlement.*[s.469(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1)—*unit trusts.*[s.832](https://www.legislation.gov.uk/ukpga/1988/1/section/832)— “additional rate” *defined.*1990 s.56*and* Sch.10 para.19—*convertible securities.*Vol.1. Table D(2).
[^c21621201]: Source-1973 s.16(1)-(6); 1986 s.47(4)(a)
[^c21621211]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/8/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621221]: [S. 686(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 8(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/8/2), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621231]: 1988(F) s.55(3)—*from* 1*July* 1988.*Previously* “(c) is not income arising under a trust established for charitable purposes only or income from investments, deposits or other property held for the purposes of a fund or scheme established for the sole purpose of providing relevant benefits within the meaning of section 612; and”.
[^c21621241]: [S. 686(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 8(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/8/3), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621251]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c21621261]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c21621271]: *See* 1990 s.30*and* Sch.5 para.13*and* s.132*and* Sch.19 Part IV—subs.(5)*repealed as regards a sum paid or credited on or after* 6*April* 1991.
[^c21621281]: Words in [s. 686(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 8(4)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/8/4), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c23313261]: [S. 686(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/b) substituted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 13](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/13)
[^c23313301]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/13)
[^c23313281]: [S. 686(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2B) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/15)
[^c23313321]: [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4).
[^c23313411]: [S. 686](https://www.legislation.gov.uk/ukpga/1988/1/section/686) extended (with effect in accordance with Sch. 7 para. 3(5) of the extending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [3(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/3/2)
[^c23313391]: [S. 686(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/d) and preceding word repealed (with effect in accordance with Sch. 7 para. 12(4) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [12(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/1), [Sch. 18 Pt. 6(7)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/7), Note 1
[^c23313351]: [S. 686(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2AA) inserted (with effect in accordance with [Sch. 7 para. 12(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/4) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [12(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/1)
[^c23313371]: Words in [s. 686(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2A) substituted (with effect in accordance with [Sch. 7 para. 12(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/4) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [12(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/2)
[^c23313421]: [S. 686(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6) applied (with effect in accordance with Sch. 7 para. 3(5) of the affecting Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [3(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/3/4)
[^c23313431]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) substituted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/2/a)
[^c23313451]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/2/b)
[^c23313471]: [S. 686(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1AA) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/3)
[^c23313491]: Words in [s. 686(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A) substituted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/4)
[^c23313511]: Words in [s. 686(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A) substituted (6.4.1999) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(5)(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/5/10)
[^c23313531]: Words in [s. 686(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2AA) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/6)
[^c23313551]: [S. 686(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5A) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/7)
[^c23313591]: Words in [s. 686(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/c) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/3/2)
[^c23313611]: [S. 686(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6A) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/3/3)
[^c23765311]: Words in [s. 686(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A/a) substituted (with effect in accordance with [s. 29(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/29/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 29(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/29/2/a)
[^c23765331]: Words in [s. 686(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A/b) substituted (with effect in accordance with [s. 29(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/29/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 29(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/29/2/b)
[^c23765351]: Word in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765371]: Word in [s. 686(1AA)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1AA/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765391]: Word in [s. 686(1AA)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1AA/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765411]: Word in [s. 686(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765431]: Word in [s. 686(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2AA) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765461]: Words in [s. 686(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765481]: [S. 686(5A)(a)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5A/a) substituted for s. 686(5A)(a)-(g) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765501]: [S. 686(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765521]: Words in [s. 686(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765541]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/2)
[^c21621381]: Words in [s. 687(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/2) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 9(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/9/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621391]: *See* 1990 s.30*and* Sch.5 para.14*and* s.132*and* Sch.19 Part IV—*words following* paragraph (i)*repealed as regards an amount paid or credited on or after* 6*April* 1991.
[^c21621401]: [S. 687(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3) amended (*retrospectively*) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/79/1/2), [Sch. 6 para. 9(2)(d)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/9/2/d)
[^c21621411]: Source-1973 s.17(3)(a)-(d), (f), (g); 1975 (No.2) s.34 (6); 1984 s.100(2); 1985 Sch.23 8(3); 1974 Sch.7 8
[^c21621471]: Words in [s. 687(3)(e)(f)(h)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/e/f/h/i) and (j), as it so has effect, substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 9(2)(d)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/9/2/d), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621491]: 1989 s.96(2)*in relation to certain deep discount securities and certain deep gain securities from* 14*March* 1989.
[^c21621521]: [S. 687(3)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/j) inserted (*retrospectively* s. 687(3) has effect, and is deemed always to have had effect, as if s. 687(3) included para. (j)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/79/2)
[^c21621531]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c21621551]: Source-1973 s.17(5)
[^c22900411]: [S. 687(3)(aaa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aaa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 15](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/15)
[^c23313671]: [S. 687(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/1) substituted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 14(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/14/2)
[^c23313691]: Words in [s. 687(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/2/a) inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 14(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/14/3)
[^c23313711]: [S. 687(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/5) added (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 14(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/14/4)
[^c23313731]: [S. 687(3)(k)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/k) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/35) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23313751]: [S. 687(3)(a)(a1)(a2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a/a1/a2/aa) substituted for s. 687(3)(a)(aa) (with effect in accordance with [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 15(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/2)
[^c23313811]: [S. 687(3)(aaa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aaa) repealed (with effect in accordance with Sch. 6 para. 10(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/10/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23313771]: [S. 687(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/b) substituted (with effect in accordance with [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 15(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/3)
[^c23313791]: [S. 687(3)(bb)(bc)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/bb/bc) inserted (with effect in accordance with [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 15(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/4)
[^c21621461]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989
[^c23765991]: Words in [s. 687(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766011]: Word in [s. 687(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766031]: Words in [s. 687(3)(a1)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766061]: Words in [s. 687(3)(a1)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766081]: Words in [s. 687(3)(a2)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766101]: Words in [s. 687(3)(a2)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766131]: Words in [s. 687(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aa) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766491]: Words in [s. 687(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aa) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766541]: Words in [s. 687(3)(b)(bb)(bc)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/b/bb/bc) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766611]: Words in [s. 687(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766631]: Words in [s. 687(3)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/bb) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766651]: [S. 687(3)(l)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/l) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(10)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766671]: [S. 687(3)(aa1)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aa1) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/3)
[^c23766711]: [S. 687(3)(l)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/l) inserted (with effect in accordance with [s. 45](https://www.legislation.gov.uk/ukpga/2005/7/section/45) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 44(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/44/1)
[^c23766691]: [S. 687(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3A) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/4)
[^c23766731]: Word in [s. 687(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/1/b) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [94](https://www.legislation.gov.uk/uksi/2005/3229/regulation/94)
[^c21621651]: *See* Inheritance Tax Acts.
[^c21621661]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c21621671]: Source-1977 s.38(1); 1982 Sch.10 1; ITA Sch.8 8
[^c21621681]: Source-1977 s.38(2); 1980 s.88(7); 1987 Sch.15 10
[^c21621691]: Source-1977 s.38(3), (4)
[^c21621701]: Source-1977 s.38(5); 1982 Sch.10 1(3); ITA Sch.8 8
[^c23314041]: Words in [s. 691(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/691/4) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 19](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/19)
[^c23767851]: Words in [s. 691(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/691/2/b/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 281](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/281) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621711]: Source-1982 s.61; ITA Sch.8 21
[^c23314061]: Words in [s. 692(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/692/1) substituted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 26](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/26)
[^c23767871]: Words in [s. 692(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/692/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 282](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/282) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621721]: Source-1982 s.62(1), (2); ITA Sch.8 22
[^c21621781]: Source-1980 s.52(1), (2); 1982 Sch.10 2(2) (3); ITA Sch.8 17
[^c21621791]: *Repealed by* 1988(F) s.24(3)*for* 1988-89*and subsequent years.*
[^c21621801]: 1988(F) s.24(3).
[^c21621811]: Words in [s. 694(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/694/2A) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.10](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/10), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621821]: Source-1980 s.52(3)-(6); ITA Sch.8 17
[^c21621831]: Source-1980 s.52(7); 1982 Sch.10 2(4); ITA Sch.8 17
[^c23767911]: Words in [s. 694(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/694/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 283](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/283) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767931]: Word in [s. 694(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/694/3) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [95](https://www.legislation.gov.uk/uksi/2005/3229/regulation/95)
[^c23763431]: Words in [s. 660C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763451]: Words in [s. 660C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763531]: Words in [s. 660C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/3) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [93](https://www.legislation.gov.uk/uksi/2005/3229/regulation/93)
[^c23313871]: [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4).
[^c23313881]: Words in [s. 689B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/a) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/a)
[^c23313901]: Words in [s. 689B(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/b) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/b)
[^c23313921]: [S. 689B(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/c) and preceding word added (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/c)
[^c23313981]: [S. 689B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2A) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/4)
[^c23314001]: Words in [s. 689B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/3) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/5)
[^c23767651]: [S. 689B(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2/a) substituted for s. 689(2)(za)-(c) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767671]: [S. 689B(2A)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2A/a/b) substituted for words in s. 689(2A) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767691]: [S. 689B(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621881]: Source-1970 s.426; 1971 Sch.6 52
[^c21621891]: Words in [s. 695(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/a) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621901]: *See* 1974 s.44(4) and Sch.7 para.9(1)(2)—*development gains to be excluded from aggregate income and United Kingdom tax thereon to be left out of account.*
[^c22901391]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) repealed (with effect in accordance with [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 2(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/1), [Sch. 29 Pt. 8(10)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/10)
[^c22901371]: [S. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (with effect in accordance with [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 2(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/1)
[^c23768011]: Words in [s. 695(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768031]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768051]: Word in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768071]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768101]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768121]: Word in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768141]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768161]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768181]: Word in [s. 695(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768201]: Words in [s. 695(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768221]: Words in [s. 695(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768391]: Words in [s. 695(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768241]: Word in [s. 695(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768261]: Words in [s. 695(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768281]: Words in [s. 695(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768311]: Words in [s. 695(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768331]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768351]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768411]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768371]: [S. 695(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621921]: Source-1970 s.427; 1971 Sch.6 53
[^c22901411]: [S. 696(3)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted for s. 696(3) (with effect in accordance with [Sch. 18 para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/3/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 3(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/1)
[^c21621941]: Words in [s. 696(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c22901431]: [S. 695(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5) substituted (with effect in accordance with [Sch. 18 para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/3/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/2)
[^c23768431]: Words in [s. 696(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768451]: Words in [s. 696(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768491]: Words in [s. 696(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/2) added (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768511]: Words in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768531]: Word in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768551]: Words in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768571]: Words in [s. 696(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768601]: Words in [s. 696(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768621]: Words in [s. 696(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768641]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768671]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768701]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768721]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768741]: Words in [s. 696(3B)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768771]: Words in [s. 696(3B)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768811]: Words in [s. 696(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768831]: Words in [s. 696(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768861]: Words in [s. 696(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768881]: Word in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768901]: Words in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769031]: Words in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768921]: Word in [s. 696(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768941]: Words in [s. 696(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768981]: Words in [s. 696(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768961]: Words in [s. 696(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769051]: Words in [s. 696(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(11)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/11), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769011]: [S. 696(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(12)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/12) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621951]: Source-1970 s.428; 1971 Sch.6 54
[^c22901451]: [S. 697(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/1A) inserted (with effect in accordance with [Sch. 18 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/1)
[^c22901471]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (with effect in accordance with [Sch. 18 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/2)
[^c23769091]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769121]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769071]: Words in [s. 697(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769151]: [S. 697(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621971]: Source-1970 s.429; 1971 Sch.6 55
[^c22901491]: [S. 698(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/1A/1B/2) substituted for s. 698(2) (with effect in accordance with [Sch. 18 para. 5(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/5/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 5(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/5/1)
[^c23769171]: Words in [s. 698(1B)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/1B/c/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769191]: Words in [s. 698(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769211]: Words in [s. 698(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769231]: Words in [s. 698(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769251]: [S. 698(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622061]: Source-1970 s.431; 1971 Sch.6 57
[^c22901511]: [S. 700(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/6) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/6)
[^c22901671]: Words in [s. 700(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/3) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 20](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/20)
[^c23769681]: Word in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769701]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769721]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769761]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769801]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769821]: Word in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769841]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769871]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769891]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769951]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769991]: Words in [s. 700(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770011]: Words in [s. 700(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770031]: Words in [s. 700(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770051]: Words in [s. 700(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770171]: Word at the end of s. 700(5)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770071]: [S. 700(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770091]: Words in [s. 700(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770111]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770131]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770151]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622141]: Source-1970 s.432; 1972 Sch.24 25; 1975 (No.2) s.34(5)
[^c21622151]: [S. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/3), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21622161]: *Definition applied for purposes of* 1979(C)—*see* 1979(C) s.155(1).
[^c21622171]: [1925 c. 23](https://www.legislation.gov.uk/ukpga/1925/23).
[^c21622191]: Source-1970 s.426(1)
[^c22901571]: [S. 701(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/10A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/5)
[^c22901591]: [S. 701(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/14) repealed (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/7), [Sch. 29 Pt. 8(10)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/10)
[^c22901901]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/8)
[^c22901951]: Words in [s. 701(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b) renumbered as s. 701(3A)(b)(i) (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by virtue of [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/a)
[^c22901961]: Words in [s. 701(3A)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b/i) inserted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/b)
[^c22901931]: [S. 701(3A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b/ii) added (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/c)
[^c23770381]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770511]: Word at the end of s. 701(8)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770451]: [S. 701(8)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/8/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770531]: Words in [s. 701(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770471]: Words in [s. 701(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770491]: Words in [s. 701(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622221]: Source-1970 s.433; 1987 Sch.15 2(15)
[^c23770681]: Words in [s. 702(a)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/702/a/d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [96](https://www.legislation.gov.uk/uksi/2005/3229/regulation/96)
[^c22901881]: [S. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/1)
[^c23769271]: Words in [s. 698A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769291]: Word in [s. 698A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769311]: Words in [s. 698A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769331]: Words in [s. 698A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769351]: Word in [s. 698A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769371]: Words in [s. 698A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769391]: Word in [s. 698A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769411]: Words in [s. 698A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22901691]: Words in [s. 699A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1) inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/2)
[^c22901711]: [S. 699A(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/1B) inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/3)
[^c22901741]: [S. 699A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/c) and preceding word inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/4)
[^c22901761]: Words in [s. 699A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A) inserted (with effect in accordance with [s. 33(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/10) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/3)
[^c22901781]: Word in [s. 699A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/2/b) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/4)
[^c22901821]: Words in [s. 699A(4)(a)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/a/c) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/5)
[^c23769451]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 4](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/4)
[^c23769471]: Words in [s. 699A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769511]: Words in [s. 699A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769591]: [S. 699A(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769531]: Words in [s. 699A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769551]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769571]: Word in [s. 699A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769621]: [S. 699A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23314101]: [Pt. 17 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/1) modified (31.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 35(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/35/5)
[^c21622281]: Source—1970 s.460(1)-(3)
[^c21622311]: Source—1970 s.460(5)-(9)
[^c21622321]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21622331]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c23211461]: [S. 703(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3A) inserted (with effect in accordance with [Sch. 3 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 32(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/2)
[^c23211481]: [S. 703(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/4) repealed (with effect in accordance with Sch. 3 para. 32(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 32(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23770921]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 293](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/293) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622341]: Source—1970 s.461; 1973 s.54, Sch.11 2(a), (b)
[^c22904151]: Words in [s.704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. D(2)(b) substituted (with effect in accordance with [s.175(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/175/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 175(1)-(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/175/1)
[^c23160831]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(e) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c23288361]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) modified (9.3.1999) by [The Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) Regulations 1999 (S.I. 1999/358)](https://www.legislation.gov.uk/uksi/1999/358), [regs. 1](https://www.legislation.gov.uk/uksi/1999/358/regulation/1), [23](https://www.legislation.gov.uk/uksi/1999/358/regulation/23)
[^c23211521]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(d) repealed (with effect in accordance with Sch. 3 para. 33(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 33(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/33/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21622351]: Source—1970 s.462
[^c23314111]: [S. 705(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/4) repealed (1.1.1994) by [The General and Special Commissioners (Amendment of Enactments) Regulations 1994 (S.I. 1994/1813)](https://www.legislation.gov.uk/uksi/1994/1813), [reg. 1(1)](https://www.legislation.gov.uk/uksi/1994/1813/regulation/1/1), [Sch. 1 para. 23](https://www.legislation.gov.uk/uksi/1994/1813/schedule/1/paragraph/23), [Sch. 2 Pt. 1](https://www.legislation.gov.uk/uksi/1994/1813/schedule/2/part/1)
[^c23211541]: [S. 705(6)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/6) repealed (with effect in accordance with Sch. 3 para. 34(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 34(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/34/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21622391]: *See*—1970(M) s.6(1)—*declaration to be made by member of tribunal on appointment.*1989 s.182—*disclosure of information* (*in* Part II Vol.5).
[^c21622401]: [S. 706](https://www.legislation.gov.uk/ukpga/1988/1/section/706) renumbered as s. 706(1) (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 26](https://www.legislation.gov.uk/ukpga/1993/8/section/26), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2), [Sch. 6 para.44](https://www.legislation.gov.uk/ukpga/1993/8/schedule/6/paragraph/44) (with [Sch. 7 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/3/2), [4](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/4)); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21622411]: Source—1970 s.463; 1982 Sch.21 3(1)
[^c21622421]: [S. 706(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/706/2) added (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 26](https://www.legislation.gov.uk/ukpga/1993/8/section/26), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2), [Sch. 6 para.44](https://www.legislation.gov.uk/ukpga/1993/8/schedule/6/paragraph/44) (with [Sch. 7 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/3/2), [4](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/4)); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21622431]: Source—1970 s.464
[^c21622441]: Source—1970 s.465
[^c21622451]: *Definition applied for purposes of* 1990 Sch.10—*convertible securities.*
[^c21622461]: Source—1970 s.466(1); 1973 Sch.11 4
[^c21622471]: Source—1970 s.467; 1973 Sch.11 5
[^c23116391]: [S. 709(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/2A) inserted (with effect in accordance with [s. 73(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/73/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 73(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/73/1)
[^c23160851]: Words in [s. 709(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/2A) repealed (with effect in accordance with Sch. 4 para. 19(2), Sch. 8 Pt. 2(9) Note 2 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 19(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/19/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c23314151]: The definition of “the Taxes Act” in section 118(1) was amended by paragraph 32(d) of Schedule 8 to the [Development Land Tax Act 1976 (c.24)](https://www.legislation.gov.uk/ukpga/1976/24), [paragraph 8](https://www.legislation.gov.uk/ukpga/1976/24/paragraph/8) of Schedule 7 to the [Capital Gains Tax Act 1979 (c.14)](https://www.legislation.gov.uk/ukpga/1979/14), [Schedule 31](https://www.legislation.gov.uk/ukpga/1979/14/schedule/31) to the Income and Corporation Taxes Act 1988, and paragraph 2(11)(b) of Schedule 10 to the [Taxation of Chargeable Gains Act 1992 (c.12)](https://www.legislation.gov.uk/ukpga/1992/12).
[^c21623221]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623231]: Source—1985 Sch.23 1
[^c21623241]: Words in [s. 710(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/2) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 51](https://www.legislation.gov.uk/ukpga/1991/31/section/51), [Sch. 10 para. 2(2)(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/10/paragraph/2/2/4)
[^c21623251]: [S. 710(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/2A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 51](https://www.legislation.gov.uk/ukpga/1991/31/section/51), [Sch. 10 para. 2(3)(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/10/paragraph/2/3/4)
[^c21623261]: Words in [s. 710(2A)(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/2A/13) substituted (6.3.1992 with effect as mentioned in s. 289(1)(2) of the substituting Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(36)(a)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/36/a/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21623271]: [S. 710(3)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/da) inserted (16.7.1992 with effect as mentioned in [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6) of the amending Act) by [Finance (No.2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 5](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/5), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6).
[^c21623281]: Source—1985 Sch.23 2(2)
[^c21623291]: Source—1985 Sch.23 2(3), (4)
[^c21623301]: Source—1985 Sch.23 2(5), (6)
[^c21623311]: Source—1985 Sch.23 2(7)
[^c21623321]: Source—1985 Sch.23 2(8), (9)
[^c21623331]: Source—1985 Sch.23 2(10)
[^c21623341]: Source—1985 Sch.23 5
[^c21623351]: Source—1985 Sch.23 10(6), (7)
[^c21623361]: Source—1985 Sch.23 14(1), (3), (4)
[^c21623381]: [S. 710(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/14) repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 2
[^c23314161]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22992881]: [S. 710(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/1A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 36](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/36) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22992901]: [S. 710(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/5/a) and preceding word inserted (with effect in accordance with [s. 158(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 158(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/1)
[^c22992921]: [S. 710(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/5/b) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 3(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/3/1)
[^c22992941]: [S. 710(13A)(13B)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/13A/13B) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/3/2)
[^c23772991]: [S. 710(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/f) inserted (with effect in accordance with [Sch. 39 para. 6(1)(b)(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/39/paragraph/6/1/b/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 39 para. 5(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/39/paragraph/5/4)
[^c23773011]: [S. 710(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/a) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23773031]: Words in [s. 710(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773051]: [S. 710(3)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/ca) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773071]: Words in [s. 710(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773091]: Words in [s. 710(3)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/da) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773111]: [S. 710(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/f) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773131]: [S. 710(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773171]: Word at the end of s. 710(5)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773151]: [S. 710(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/5/c) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21623431]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623441]: Source—1985 Sch.23 3(1)-(5)
[^c21623451]: Source—1985 Sch.23 14(2), 31(2), 12(2), 13(3), 7(2)
[^c21623461]: 1990 s.41*and* Sch.6 para.9(2)*on and after* 24*May* 1990*subject to the commencement provisions of* paras.11*and* 12.*Previously* “or 722(1) or (2)”.
[^c21623471]: Source—1985 Sch.23 3(6)-(8)
[^c21623481]: Words in [s. 711(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/711/8) repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 2
[^c23314171]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314181]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22993061]: [S. 711(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/711/6A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/4)
[^c21623511]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623521]: Source—1985 Sch.23 4; 1986 Sch.17 3(2)
[^c21623531]: 1990 s.41*and* Sch.6 para.9(3)*on and after* 24*May* 1990*subject to the commencement provisions of* paras.11*and* 12.*Previously* “and 722”.
[^c23314191]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314201]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22994481]: Words in [s. 712(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/712/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/5)
[^c21623541]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314211]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314221]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21623551]: Source—1985 s.73
[^c23773191]: [S. 713(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/713/2/3) excluded (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 4](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/4); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/120/article/3), [4](https://www.legislation.gov.uk/uksi/2003/120/article/4) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21623561]: Source—1985 Sch.23 10(1)-(3)
[^c21623571]: 1985 Sch.23 10(7)
[^c21623581]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623591]: Source—1985 s.74
[^c23314231]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314241]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22992581]: [S. 714(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/6) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c23773201]: Words in [s. 714(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773221]: Words in [s. 714(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773281]: Words in [s. 714(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773241]: Words in [s. 714(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773261]: [S. 714(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2A/2B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21623721]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623731]: Source—1985 s.71(1) (a)-(c)
[^c21623741]: [S. 715(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/1/a) restricted (*retrospectively*) by [Finance (No.2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 65(2)(b)(5)(6)](https://www.legislation.gov.uk/ukpga/1992/48/section/65/2/b/5/6) [S. 715(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/2/a) restricted (*retrospectively*) by [Finance (No.2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 65(2)(c)(5)(6)](https://www.legislation.gov.uk/ukpga/1992/48/section/65/2/c/5/6)
[^c21623751]: Source—1985 Sch.23 30(1), (4)
[^c21623761]: Source—1985 s.75(1)(d)-(h)
[^c21623771]: Source—1985 Sch.23 32(1)
[^c21623781]: Source—1985 s.75(2), Sch.23 30(2), (5), 32(2)
[^c21623801]: Source—1985 Sch.23 31(1)
[^c21623811]: Source—1985 s.75(3), (4)
[^c21623821]: Source—1985 Sch.23 43; 1986 Sch.17 5
[^c21623841]: Source—1985 s.75(5), (6)
[^c21623851]: Words in [s. 715(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/8) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(37)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/37) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22902461]: Words in [s. 715(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/6) inserted (with application in accordance with [s. 123(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/123/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 123(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/123/1)
[^c22992601]: [S. 715(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/1/g/h) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22992631]: [S. 715(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/8): definition of "FOTRA securities" repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c23314251]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314261]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23120811]: Words in [s. 715(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/6) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 1 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23773301]: Words in [s. 715(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/1/j) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 296](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/296) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773321]: Words in [s. 715(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/8) substituted (with effect in accordance with [Sch. 4 para. 10(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/10/1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/1/2)
[^c21623901]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314281]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314291]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23773361]: [S. 716](https://www.legislation.gov.uk/ukpga/1988/1/section/716) excluded (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 4](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/4); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/120/article/3), [4](https://www.legislation.gov.uk/uksi/2003/120/article/4) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21623911]: Source—1985 Sch.23 15(1)-(4)
[^c21623921]: Source—1985 Sch.23 15(5); 1986 Sch.17 2(2)
[^c21623931]: Source—1985 Sch.23 15(8)
[^c23773371]: Word in [s. 716(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773391]: Words in [s. 716(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773451]: Words in [s. 716(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773411]: Words in [s. 716(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773431]: [S. 716(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21623941]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623951]: Source—1985 Sch.23 15A, 15B, 15C; 1986 Sch.17 3
[^c23314301]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23000971]: Words in [s. 717(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/717/9) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/35)
[^c23314311]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23288381]: [S. 717](https://www.legislation.gov.uk/ukpga/1988/1/section/717) excluded (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [33(2)](https://www.legislation.gov.uk/uksi/1998/3177/regulation/33/2)
[^c23212371]: Words in [s. 717(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/717/1) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(22)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/22)
[^c23212391]: [S. 717(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/717/4/5) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(22)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/22)
[^c21623961]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314321]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314331]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21623971]: Source—1985 Sch.23 15A, 15B, 15C; 1986 Sch.17 3
[^c21623981]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314341]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314351]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21623991]: Source—1985 Sch.23 15A, 15B, 15C; 1986 Sch.17 3
[^c21624281]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21624291]: Source—1985 Sch.23 6(1), 15(6)
[^c21624301]: Source—1985 Sch.23 6(2)
[^c21624311]: [S. 720(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/3) repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 2
[^c21624321]: Source—1985 Sch.23 7(1)
[^c21624331]: Source—1985 Sch.23 8(1), (2), (4); 1986 Sch.17 1(1)
[^c21624341]: Words in [s. 720(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/5) substituted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 13](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/13), [25](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25)
[^c21624351]: Source—1985 Sch.23 9(1), (2)
[^c21624361]: Source—1985 Sch.23 9(3), (4)
[^c21624371]: Source—1985 Sch.23 9(5)
[^c23314361]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314371]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22903171]: Words in [s. 720(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6) substituted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/17/2/b)
[^c23288401]: Words in [s. 720(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/5) repealed (with effect in accordance with s. 68 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/17), Note
[^c23773471]: Word in [s. 720(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773491]: Words in [s. 720(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773511]: Word in [s. 720(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773531]: Words in [s. 720(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773551]: Words in [s. 720(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773571]: Words in [s. 720(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773591]: Words in [s. 720(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/8/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21624481]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21624541]: [S. 721(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/721/5/6) repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 2
[^c23314381]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314391]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22992651]: [S. 721(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/721/1/4) repealed (with effect in accordance with s. 158(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 158(2)(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/2/4), [Sch. 41 Pt. 5(20)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/20), Note
[^c21624521]: [S. 721(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/721/1) excluded (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(3)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/3/a), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23001851]: [S. 721(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/721/2) substituted (with effect in accordance with [s. 158(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 158(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/3)
[^c21624561]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314401]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314411]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21624571]: Source—1985 Sch.23 (13) (1), (2)
[^c21624591]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314451]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314461]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21624601]: Source—1985 Sch.23 11
[^c21624611]: Words in [s. 723(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/8) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(38)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/38) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23773711]: Words in [s. 723(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 299(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/299/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773731]: Words in [s. 723(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 299(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/299/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773751]: Words in [s. 723(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 299(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/299/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773771]: Words in [s. 723(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/8) substituted (with effect in accordance with [Sch. 4 para. 10(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/10/1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 2(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/2/2)
[^c21625051]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21625061]: Source—1985 Sch.23 32C; 1986 Sch.17 4
[^c23314491]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314501]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23127051]: [S. 727(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/727/1) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 1 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23128221]: Words in [s. 727(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/727/2) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/5/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21625091]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21625101]: Source—1985 Sch.23 44(1)-(5A); 1986 Sch.17 6
[^c23314541]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314551]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22903281]: Words in [s. 728(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/1/5) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 79(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/2) (with [s. 79(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/4))
[^c23312501]: Words in [s. 728(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/7/a) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8). s. 431(2), Sch. 20 para. 4(5); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c21625021]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314471]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314481]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23314521]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314531]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23288421]: [S. 727A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/727A/1) modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [14](https://www.legislation.gov.uk/uksi/1998/3177/regulation/14)
[^c23773791]: Words and paras. (a)(b) in s. 727A(1) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 4](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/4)
[^c23773811]: Words in [s. 727A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/727A/1) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 15](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/15)
[^c23006181]: [1942 c. 21](https://www.legislation.gov.uk/ukpga/1942/21).
[^c23314421]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314431]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23160871]: Word in [s. 722A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/722A/5) substituted (with effect in accordance with [s. 37(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/7)
[^c21625181]: Source—1970 s.470; 1971 Sch.6 71
[^c23312721]: [S. 730(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 51](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/51)
[^c23773951]: Words in [s. 730(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773971]: Words in [s. 730(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4) and s. 730(4A)(4B) substituted for words in s. 730(4) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773991]: Word in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774011]: Words in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774031]: Words in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774251]: Words in [s. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/2/b)
[^c23774091]: Words in [s. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/2/a)
[^c23774361]: Words in [s. 730(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/a) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/a)
[^c23774381]: Words in [s. 730(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/b) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/b)
[^c23774541]: [S. 730(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/c) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/c), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774401]: [S. 730(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/4)
[^c23774571]: [S. 730(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2A) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/5), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774421]: [S. 730(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/3) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/6)
[^c23774441]: Word in [s. 730(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/7)
[^c23774461]: Word in [s. 730(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4A) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/8)
[^c23774481]: Word in [s. 730(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4B) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/9)
[^c23006221]: Words in [s. 730(2)(4)(b)(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2/4/b/6/8) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/23) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23774501]: [S. 730(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/7) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/10)
[^c23774591]: Words in [s. 730(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/8) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(11)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/11), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c22903381]: [S. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 263A](https://www.legislation.gov.uk/ukpga/1992/12/section/263A) (as inserted (with effect in accordance with s. 80(5) of the 1995 amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/4))
[^c23314561]: [S. 730A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/1) modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [14](https://www.legislation.gov.uk/uksi/1998/3177/regulation/14)
[^c23006241]: [S. 730A(6)(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6/6A) substituted for s. 730A(6) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 37](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/37) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23312741]: [S. 730(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 52(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/52/2)
[^c23312761]: [S. 730A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 52(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/52/3)
[^c23312781]: [S. 730A(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6B) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 52(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/52/4)
[^c23774671]: [S. 730A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/1/b) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/5)
[^c23774751]: Words in [s. 730A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/4) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 11(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/11/2)
[^c23774711]: Words in [s. 730A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/4) added (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/11/3)
[^c23774731]: [S. 730A(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/4A/4B) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 11(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/11/4)
[^c23774791]: Words in [s. 730A(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6B) substituted (with effect in accordance with [Sch. 38 para. 21(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 20(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/20/a)
[^c23774811]: Words in [s. 730A(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6B) substituted (with effect in accordance with [Sch. 38 para. 21(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 20(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/20/b)
[^c23774771]: Words in [s. 730A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/8/b) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 16](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/16)
[^c23774691]: [S. 730A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/8A) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/10)
[^c23774871]: Words in [s. 730A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/5) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23774851]: [S. 730A(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6/b) repealed (with effect in accordance with s. 52(3) of the repealing Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 44(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/44/a), [Sch. 42 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/6), Note 1
[^c23774891]: Words in [s. 730A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 44(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/44/b)
[^c23775051]: Words in [s. 730BB(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/2/c) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/2)
[^c23775071]: Words in [s. 730BB(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/3/a) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/3/a)
[^c23775091]: Words in [s. 730BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/3/b) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/3/c)
[^c23775111]: Words in [s. 730BB(3)(c)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/3/c/i/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/3/c)
[^c23775141]: [S. 730BB(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/3A) inserted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/4)
[^c23775161]: [S. 730BB(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/12) repealed (with effect in accordance with s. 52(3) of the repealing Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/5), [Sch. 42 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/6), Note 1
[^c21625261]: Source—1970 s.471(1)-(5)
[^c21625271]: [S. 731(4A)(4B)(4C)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/4A/4B/4C) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 55(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/55/1/2)
[^c21625281]: Words in [s. 731(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/4B) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(40)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/40) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21625291]: *See* s.343—*company reconstruction without change of ownership.*
[^c21625301]: Source—1970 s.471(6); 1973 sch.11 6; 1986 Sch.18 2(1)
[^c22902481]: [S. 731(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9): words in definition of "interest" repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 17(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/17/2), [Sch. 26 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/16)
[^c22902501]: [S. 731(9A)-(9D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 17(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/17/3)
[^c22903411]: Words in [s. 731(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/a)
[^c23314571]: Word in [s. 731(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/a)
[^c22903391]: [S. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) inserted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/2)
[^c22903431]: Word in [s. 731(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/b)
[^c23006291]: Words in [s. 731(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 36(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/36/a)
[^c22992721]: Words in [s. 731(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 36(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/36/b), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23128461]: [S. 731(2B)-(2F)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2B) inserted (with application in accordance with [s. 77(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/77/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/77/1)
[^c23160891]: Words in [s. 731(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9A) repealed (with effect in accordance with Sch. 6 para. 14(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch 6 para. 14(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/14/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23160911]: [S. 731(9B)-(9D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9B) repealed (with effect in accordance with Sch. 6 para. 14(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch 6 para. 14(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/14/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23775221]: Words in [s. 731(2D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2D) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/6)
[^c23775241]: Words in [s. 731(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 302(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/302/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23775261]: [S. 731(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/7A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 302(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/302/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21625331]: Source—1970 s.472; 1982 s.57; 1986 Sch.18 1, 3
[^c21625341]: [S. 732(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/2A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/56/1)
[^c21625351]: [S. 732(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/5A) inserted (retrospectively) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.53(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/53/1)
[^c21625361]: [S. 732(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/7) added by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/56/2)
[^c22992741]: [S. 732(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/3) repealed (with effect in accordance with s. 159(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23160951]: [S. 732(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/1A) inserted (with effect in accordance with [s. 26(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/2)
[^c23160971]: [S. 732(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/2/2A) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/3), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23161001]: Words in [s. 732(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/4) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/3), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23161021]: [S. 732(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/4): definition of "overseas securities" substituted (with effect in accordance with [s. 26(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/5)
[^c23161041]: [S. 732(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/5) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(6)(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/6/7), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23775381]: Words in [s. 732(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 303](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/303) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21625371]: Source—1970 s.473
[^c21625391]: Source—1970 s.474; 1973 Sch.11 7; 1979(C) Sch.7; 1978 s.30(7)
[^c21625401]: Words in [s. 734(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/734/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(41)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/41) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21625411]: Source—1970 s.475; 1973 Sch.21 7
[^c23006311]: Words in [s. 735(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3) inserted (with effect in accordance with [Sch. 38 para 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/a)
[^c23006331]: Words in [s. 735(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3/a) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/b)
[^c23006351]: Words in [s. 735(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3/b) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/c)
[^c23006371]: Words in [s. 735(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/4) substituted (with effect in accordance with Sch. 38 para, 9(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/2)
[^c23006391]: Words in [s. 735(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/5) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/3/a)
[^c23006411]: Words in [s. 735(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/5) inserted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/3/b)
[^c21625421]: Source—1970 s.476
[^c21625431]: *See* s.237—*disallowance of reliefs in respect of bonus issues etc.*
[^c22992781]: [S. 737A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/2/b) repealed (with effect in accordance with s. 159(1), Sch. 41 Pt. 5(21) Note 1 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21); [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23288451]: [S. 737A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/1) modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [14](https://www.legislation.gov.uk/uksi/1998/3177/regulation/14)
[^c23134971]: Words in [s. 737A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/5) repealed (with effect in accordance with Sch. 18, Pt. 6(10) Notes 3, 4) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23776901]: Words and paras. (a)(b) in s. 737A(1) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 7](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/7)
[^c23776801]: Words in [s. 737A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/1) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/2)
[^c23776821]: Words in [s. 737A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/2) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/3)
[^c23776861]: [S. 737A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/2A) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/4)
[^c23776841]: Words in [s. 737A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/3) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/5)
[^c23776881]: Words in [s. 737A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/5/a) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/6)
[^c23314581]: [S. 737B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/737B/9) power exercised: 1.5.1995 appointed by [S.I. 1995/1007](https://www.legislation.gov.uk/uksi/1995/1007), [art. 2](https://www.legislation.gov.uk/uksi/1995/1007/article/2)
[^c23314591]: [S. 737B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/737B/9) power exercised: 6.11.1996 appointed by [S.I. 1996/2645](https://www.legislation.gov.uk/uksi/1996/2645), [art. 2](https://www.legislation.gov.uk/uksi/1996/2645/article/2)
[^c22903571]: Words in [s. 737C(3)(b)(9)(11)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/3/b/9/11/c) substituted (with effect in accordance with [s. 80(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/3)
[^c22903611]: [S. 737C(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/11A) inserted (with effect in accordance with [s. 80(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/3)
[^c23043341]: [S. 737C(11B)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/11B) inserted (with effect in accordance with [s. 159(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/3); [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23147961]: Words in [s. 737C(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/2/b) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23138301]: [S. 737C(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/5/6) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23149351]: Words in [s. 737C(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/7/b) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23151321]: [S. 737C(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/8/a) substituted (with effect in accordance with [Sch. 10 para. 16(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 11(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/11/2) (with [Sch. 10 para. 16(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/3))
[^c23151341]: Words in [s. 737C(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/8/b) substituted (with effect in accordance with [Sch. 10 para. 16(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 11(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/11/2) (with [Sch. 10 para. 16(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/3))
[^c23151301]: Words in [s. 737C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/9) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23141181]: [S. 737C(11B)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/11B) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23781231]: [S. 737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737C) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 139(1)(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/5)
[^c23781171]: Words in [s. 737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737C) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/3)
[^c23781191]: Word in [s. 737C(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/3/b) repealed (with effect in accordance with Sch. 38 para. 21(1) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 1(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/1/a), [Sch. 43 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/15), Note 1
[^c23781211]: [S. 737C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/4) repealed (with effect in accordance with Sch. 38 para. 21(1) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 1(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/1/b), [Sch. 43 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/15), Note 1
[^c23781151]: Words in [s. 737C(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/11A) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 17](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/17)
[^c23312521]: Words in [s. 736B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2) inserted (with application in accordance with [s. 84(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 84(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/2)
[^c23312541]: [S. 736B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2A) inserted (with application in accordance with [s. 84(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 84(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/3)
[^c23776661]: [S. 736C(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/14) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/2)
[^c21625771]: Source—1986 Sch.18 4
[^c21625781]: [S. 738(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/2) repealed (with effect as mentioned in s. 58(3) of the repealing Act) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 58(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/2), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 13 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/4), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 9; [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [reg. 5](https://www.legislation.gov.uk/uksi/1992/1346/regulation/5)
[^c21625831]: Source—1986 Sch.18 10(2)
[^c23151451]: [S. 738(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/3/4) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23161091]: [S. 738(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/1/a/b) repealed (with effect in accordance with s. 26 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note 2
[^c23312561]: Words in [s. 738(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 43](https://www.legislation.gov.uk/uksi/2001/3629/article/43)
[^c23217671]: Words in [s. 737D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/2) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/3), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c23781431]: Words in [s. 737E(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/1/2) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 13(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/13/2)
[^c23781461]: Words in [s. 737E(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/3) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 13(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/13/3)
[^c23781411]: [S. 737E(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/8/b) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/8)
[^c23781501]: Words in [s. 737E(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/4) inserted (with effect in accordance with [Sch. 24 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/3/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/3/2/a)
[^c23781521]: Words in [s. 737E(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/6/b) inserted (with effect in accordance with [Sch. 24 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/3/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/3/2/b)
[^c21625851]: *See* 1989 s.110—*residence of trustees; and* s.111—*residence of personal representatives.*
[^c23045681]: [Ss. 739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/12) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21625861]: Source—1970 s.478(1), (2), (2A), (2B); 1981 s.46(3), (4)
[^c23782381]: [Ss. 739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 459](https://www.legislation.gov.uk/ukpga/2005/5/section/459), [569](https://www.legislation.gov.uk/ukpga/2005/5/section/569) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23152251]: [S. 739(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/739/1A) inserted (with application in accordance with [s. 81(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/81/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 81(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/81/1)
[^c21625901]: *See* 1989 s.110—*residence of trustees; and* s.111—*residence of personal representatives.*
[^c23049101]: [Ss. 739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/12) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21625911]: Source—1981 s.45(1)-(6), (9)
[^c21625921]: *See* 1981 s.83(3)—*treatment of capital sums for capital gains tax.*
[^c23290661]: Words in [s. 740(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/6/a) substituted (with effect in accordance with [s. 92(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 26 para. 6(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/6/a)
[^c23291591]: Words in 740(6)(a) substituted (with effect in accordance with [s. 92(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 26 para. 6(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/6/b)
[^c23292281]: Words in 740(6)(b) inserted (with effect in accordance with [s. 92(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 26 para. 6(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/6/c)
[^c23782391]: [Ss. 739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 459](https://www.legislation.gov.uk/ukpga/2005/5/section/459), [569](https://www.legislation.gov.uk/ukpga/2005/5/section/569) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782401]: [S. 740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) applied (with modifications) (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 468](https://www.legislation.gov.uk/ukpga/2005/5/section/468) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782411]: Words in [s. 740(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/2/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 304(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/304/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782431]: Words in [s. 740(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/2/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 304(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/304/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782471]: [S. 740(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 304(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/304/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782451]: Words in [s. 740(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 304(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/304/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21625941]: Source—1970 s.478(3); 1981 s.45(7)
[^c23782501]: [S. 741](https://www.legislation.gov.uk/ukpga/1988/1/section/741) renumbered as s. 741(1) (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 2(2)(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/2/2/5)
[^c23782521]: [S. 741(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/741/2) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 2(3)(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/2/3/5)
[^c21625951]: Source—1970 s.478(4)-(6); 1981 ss.45(7), 46(5)
[^c21625961]: Source—1985 Sch. 23 39
[^c21625971]: Source—1970 s.478(7)-(9); 1972 Sch.24 27; 1981 s.46(6)
[^c21625991]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c22902601]: Words in [s. 742(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/8) repealed (with effect in accordance with s. 251(3)(a) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/3), [Sch. 26 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/8/1), Note
[^c23782621]: Words in [s. 742(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/1) substituted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(2)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/2/6)
[^c23782641]: Words in [s. 742(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/1) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(3)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/3/6)
[^c23782661]: [S. 742(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/1A/1B) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/4/6)
[^c23782701]: Words in [s. 742(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/9/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [97](https://www.legislation.gov.uk/uksi/2005/3229/regulation/97)
[^c21626011]: Source—1970 s.480; 1971 Sch.6 72; 1981 s.46(7)
[^c21626021]: *See* 1970(M) s.31(3)—*appeals to go to Special Commissioners.*
[^c23055431]: Words in [s. 743(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 20(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/20/b)
[^c23161121]: Words in [s. 743(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1) substituted (with effect in accordance with [Sch. 4 para. 20(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/20/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 20(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/20/2/a)
[^c23161161]: [S. 743(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1A) inserted (with effect in accordance with [Sch. 4 para. 20(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/20/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 20(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/20/3)
[^c23782741]: Words in [s. 743(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 305(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/305/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782771]: [S. 743(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 305(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/305/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782791]: [S. 743(1A)(a)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1A/a) substituted for s. 743(1A)(a)-(g) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 305(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/305/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782811]: [S. 743(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 305(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/305/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21626031]: Source—1981 s.46(1), (2)
[^c21626041]: *See*—1981 s.84—s.745*to have effect for* 1981 ss.80 to 82 (*capital gains of non-resident settlements*).1984 Sch.14 para.15(2)—s.745*to have effect for* 1984 Sch.14 para.15(1)*as for* s.745,*but references to* Part XVII Ch.III*to be construed as references to* 1984 s.70*and* Sch.14.
[^c21626051]: Source—1970 s.481; 1972 Sch.24 28; 1981 s.45(8)
[^c21626061]: [S. 745(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/2) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 98(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/98/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626071]: *See* S.I. [1989 No. 1343](https://www.legislation.gov.uk/ukcm/1989/1343) (N.I.14) Art.10(2)*and* Sch.1 para.38(3)*for construction in the case of a solicitor who is an officer or employee of a recognised body.*
[^c21626111]: 1989 s.107*and* Sch.12 para.17.*Previously* “trading companies (as defined in paragraph 7 of Schedule 19)”.
[^c22902621]: Words in [s. 745(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/4) repealed (partly retrospective to 30.11.1993 and otherwise with effect in accordance with s. 251(3)(a) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/1/3), [Sch. 16 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/part/8/1), Note
[^c23062951]: [S. 745(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/5A) inserted (with application in accordance with [Sch. 37 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/c)
[^c23782831]: Words in [s. 745(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 306](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/306) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21626131]: Source—1970 s.479.
[^c23782891]: [S. 746](https://www.legislation.gov.uk/ukpga/1988/1/section/746) renumbered as s. 746(1) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 307(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/307/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782851]: Words in [s. 746(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/746/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 307(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/307/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782871]: [S. 746(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/746/2/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 307(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/307/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21626141]: [Pt. XVII Ch. IV](https://www.legislation.gov.uk/ukpga/1988/1/part/XVII/chapter/IV) (ss. 747-756) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 119(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/119/3)
[^c21626151]: Source—1984 s.82
[^c22903671]: [S. 747(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4A/4B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/3)
[^c23226861]: Words in [s. 747(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228081]: Words in [s. 747(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/2/b), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23227981]: Words in [s. 747(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23288481]: [S. 747A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/747A/4/a) restricted (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [2(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/2/2); [S.I. 2003/1282](https://www.legislation.gov.uk/uksi/2003/1282), [art. 2](https://www.legislation.gov.uk/uksi/2003/1282/article/2)
[^c23228001]: Words in [s. 747(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228021]: Words in [s. 747(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228041]: Words in [s. 747(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/5/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228061]: Words in [s. 747(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/5/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23300801]: [S. 747](https://www.legislation.gov.uk/ukpga/1988/1/section/747) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 54(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/54/1)
[^c23298411]: [S. 747(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1A) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 paras. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/3), [9(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/1)
[^c23312831]: [S. 747](https://www.legislation.gov.uk/ukpga/1988/1/section/747) modified (with effect in accordance with Sch. 29 Pt. 14 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 116](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/116)
[^c23312811]: [S. 747(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1B) inserted (1.4.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 90(1)(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/90/1/2/a) (with [s. 90(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/90/2/b))
[^c23783141]: [S. 747(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4A/4B) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c21626161]: Source—1984 s.83
[^c22903731]: [S. 748(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/4/5) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/4)
[^c23071561]: Words in [s. 748(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3/a) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/2)
[^c23228181]: Words in [s. 748(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1) substituted (with effect in accordance with [Sch. 17 para 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228201]: Words in [s. 748(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/d) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228221]: [S. 748(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/e) and preceding word inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228241]: [S. 748(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228261]: [S. 748(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/2) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/27); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228281]: Word in [s. 748(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228301]: Words in [s. 748(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23312891]: [S. 748(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/6) inserted (with effect in accordance with [s. 89(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 89(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/1)
[^c23783361]: [S. 748(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/4/5) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c21626201]: Source—1984 s.85
[^c21626211]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (27.7.1993 with application in relation to accounting periods beginning on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 119(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/119/1/2)
[^c22903781]: [S. 750(5)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/5) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/5)
[^c23228341]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228361]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228381]: [S. 750(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23307091]: Words in [s. 750(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/b) repealed (with effect in accordance with Sch. 30 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c23783811]: [S. 750(5)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/5) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23783861]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) inserted (with effect in accordance with [s. 44(4)-(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 44(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/2)
[^c23783881]: [S. 750(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1A/1B) inserted (with effect in accordance with [s. 44(4)-(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 44(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/3)
[^c21626221]: Source—1984 s.86
[^c21626231]: 1990 s.89*and* Sch.14 para.9 (*correction of errors*)—*deemed always to have had effect. Previously* “the persons”.
[^c21626241]: 1990 s.67(2), (4)*on and after* 20*March* 1990.
[^c22902641]: [S. 751(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/2/bb) repealed (retrospective to 30.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(1)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/1/4), [Sch. 26 Pt. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/8), Note
[^c23784011]: [S. 751(1)-(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1) applied (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 725(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/725/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23228401]: Words in [s. 751(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1/b) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228421]: Words in [s. 751(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228441]: Words in [s. 751(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228461]: Words in [s. 751(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228481]: Words in [s. 751(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5) substituted (with effect in accordance with Sch. 17 para. 37 of amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228501]: Words in [s. 751(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228531]: [S. 751(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228551]: Words in [s. 751(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/6) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21626271]: *See* 1970(M) s.55(1)(g)*and* (6A).
[^c21626281]: Source—1984 s.89(1)-(4), (7)-(11)
[^c23228631]: Words in [s. 754(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228841]: Words in [s. 754(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228861]: [S. 754(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228651]: [S. 754(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228881]: [S. 754(2A)-(2E)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228671]: [S. 754(3)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/3) substituted for s. 754(3) (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228981]: [S. 754(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/4) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/7), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228691]: Words in [s. 754(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228771]: Words in [s. 754(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228901]: Words in [s. 754(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/c); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228921]: Words in [s. 754(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(d)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/d); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228941]: Words in [s. 754(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228791]: Words in [s. 754(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228961]: Words in [s. 754(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/b) added (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/c); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228821]: Word in [s. 754(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/8) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21626301]: Source—1984 s.91
[^c23229231]: [S. 756(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/1): definition of "company tax return" inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 16](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/16); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23312381]: [S. 756(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/3/a) repealed (with effect in accordance with Sch. 31 para. 9(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/2/a), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23312401]: Words in [s. 756(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/3) repealed (with effect in accordance with Sch. 31 para. 9(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/2/b), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23316391]: [Pt. 17 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/4) modified (10.6.1999) by The Non-resident [Companies (General Insurance Business) Regulations 1999 (S.I. 1999/1408)](https://www.legislation.gov.uk/uksi/1999/1408), [regs. 3-6](https://www.legislation.gov.uk/uksi/1999/1408/regulation/3)
[^c23229181]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23314601]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [18](https://www.legislation.gov.uk/uksi/1998/1871/regulation/18)
[^c23288531]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified by the [Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30B](https://www.legislation.gov.uk/uksi/1997/473/regulation/30B) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [4](https://www.legislation.gov.uk/uksi/1999/2636/regulation/4); and as that reg. 30B is amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [24](https://www.legislation.gov.uk/uksi/2004/822/regulation/24))
[^c23312581]: Words in [s. 755A(1)(c)(5)(7)(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/1/c/5/7/12) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(j)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/j)
[^c23785881]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [16](https://www.legislation.gov.uk/uksi/2004/2680/regulation/16); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23785891]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [22](https://www.legislation.gov.uk/uksi/2005/2014/regulation/22) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [21](https://www.legislation.gov.uk/uksi/2007/2134/regulation/21))
[^c23785811]: Words in [s. 755A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/3) substituted (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/8)
[^c23785851]: [S. 755A(11)-(11C)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/11) substituted for s. 755A(11) (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/9)
[^c23229201]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23229211]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23312621]: [S. 755B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/755B/6) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 44](https://www.legislation.gov.uk/uksi/2001/3629/article/44)
[^c23783031]: [Pt. 17 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/4) modified (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 45(5)(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/45/5/6)
[^c23783571]: Words in [s. 748A(1)(c)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/748A/1/c/2) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23783591]: [S. 748ZA(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/748ZA/5/a) omitted (with effect in accordance with Sch. 5 paras. 6(3), 7(3)(4) of the repealing Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 5 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/5/paragraph/7/2/a)
[^c21626341]: Source—1984 s.92(1), (7)
[^c21626351]: Words in [s. 757(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(43)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/43) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626361]: Source—1984 s.92(2)-(6), (8)
[^c21626441]: 1990 s.89*and* Sch.14 para.10 (*correction of errors*)—*deemed always to have had effect.*
[^c23788311]: [S. 757](https://www.legislation.gov.uk/ukpga/1988/1/section/757) modified (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 7](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/7) (with [Sch. 10 para. 10](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/10)); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/120/article/3), [4](https://www.legislation.gov.uk/uksi/2003/120/article/4) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c23312931]: [S. 757(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5/6) substituted (with effect in accordance with Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/5)
[^c23789391]: Words in [s. 757(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/1/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/2)
[^c23789431]: Words in [s. 757(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/3/a)
[^c23789451]: Words in [s. 757(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/3/b)
[^c23789471]: Words in [s. 757(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/6) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/4/a)
[^c23789491]: Words in [s. 757(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/6) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/4/b)
[^c21626481]: Source—1984 s.93
[^c21626491]: Words in [s. 758(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/5/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(44)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/44) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23312951]: Words in [s. 758(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/6) substituted (with effect in accordance with Sch. 9 paras. 7, 8(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/6)
[^c23789551]: [S. 758](https://www.legislation.gov.uk/ukpga/1988/1/section/758) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2004/2572/regulation/3)
[^c23789531]: [S. 758(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/7/8) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/5)
[^c21626561]: Source—1984 s.94
[^c21626571]: Words in [s. 759(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(45)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/45) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22903881]: [S. 759(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/1A) inserted (with application in accordance with [s. 134(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 134(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/3)
[^c23789561]: [S. 759(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/1/1A) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/2), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789591]: Words in [s. 759(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/2) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789611]: Words in [s. 759(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/3) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/4) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789631]: Words in [s. 759(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/5) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789651]: Words in [s. 759(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/6/8) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(6)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/6/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789681]: Words in [s. 759(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/6/8) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(6)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/6/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21626601]: Source—1984 s.95
[^c23789871]: [S. 760](https://www.legislation.gov.uk/ukpga/1988/1/section/760) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17)
[^c23789771]: [S. 760(3)(b)-(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/3/b) and preceding word repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 13(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/13/2), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789821]: [S. 760(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/4) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 13(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/13/3), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789711]: Words in [s. 760(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/2/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789731]: Words in [s. 760(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/2/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789751]: [S. 760(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21626641]: Source—1984 s.96; 1987 Sch.15 16(1)
[^c21626651]: 1990 s.89*and* Sch.14 para.11 (*correction of errors)*—*deemed always to have had effect. Previously* “and Schedule.”
[^c21626661]: Words in [s. 761(2)(3)(5)(6)(7)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2/3/5/6/7/a/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(47)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/47) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626691]: [S. 761(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/4) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c23789881]: Words in [s. 761(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 308(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/308/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23789901]: [S. 761(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/1A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 308(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/308/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23789921]: Words in [s. 761(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/a/i)
[^c23789941]: Words in [s. 761(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/a/ii)
[^c23789961]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/i)
[^c23789981]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/ii)
[^c23790001]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/iii)
[^c21626751]: Source—1984 s.97
[^c21626761]: Words in [s. 762(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(48)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/48) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23790211]: Word in [s. 762(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 309(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/309/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23790231]: Words in [s. 762(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 309(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/309/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21626851]: Source—1984 s.98
[^c21626861]: Words in [s. 763(1)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(49)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/49) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23790431]: Words in [s. 763(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6) substituted (with retrospective effect in accordance with [Sch. 26 para. 16(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/16/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 16(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/16/1) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23790411]: [S. 763(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21626991]: Source—1984 s.100(1)
[^c21627001]: Words in [s. 764](https://www.legislation.gov.uk/ukpga/1988/1/section/764) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.13](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/13), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c23788291]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23788301]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21627011]: *Provisions of this section employed in* 1988(F) ss.105, 130*and* Sch.7.
[^c21627021]: Source—1970 s.482(1)-(4)
[^c21627031]: 1990 s.68(1), (4)*in relation to transactions carried out on or after* 1*July* 1990.
[^c21627041]: *Repealed by* 1988(F) ss.105(6), 148*and* Sch.14 Part IV*from* 15*March* 1988.*And see* 1988(F) ss.61, 130-132*and* Sch.7*for new requirements for companies from* 15*March* 1988.
[^c21627051]: 1988(F) s.105(6)*from* 15*March* 1988.*Previously* “so resident”.
[^c21627071]: O.J. No. L178/5
[^c21627081]: Source—1970 s.482(5)
[^c21627091]: Source—1970 s.482(6)
[^c21627101]: Source—1970 s.482(11)
[^c21627111]: Source—1970 s.482(7)
[^c21627121]: Source—1970 s.482(8)-(10)
[^c21627131]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*from* 15*March* 1988*subject to* 1988(F) s.105(6).
[^c21627141]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21627151]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*from* 15*March* 1988*subject to* 1988(F) s.105(6).
[^c21627161]: Source—1970 s.482(12)
[^c21627171]: Source—1970 s.483(1)-(7)
[^c21627191]: *See* s.245—*calculation etc. of* ACT*on change of ownership.*
[^c23791281]: [Ss. 768](https://www.legislation.gov.uk/ukpga/1988/1/section/768), [768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/11); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23791371]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791451]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23312661]: Words in [s. 768(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768/6) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/55)
[^c21627271]: *See* s.245—*calculation etc. of* ACT*on change of ownership.*
[^c21627281]: Source—1970 s.484
[^c21627341]: [S. 769(6)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6) substituted (*in relation to change of ownership occurring on or after* 14*March* 1989) by [Finance Act 1989 (c. 26, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 100(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/100/2).
[^c21627351]: *Repealed by* 1989 ss.100(3), 187*and* Sch.17 Part IV*where the change of ownership of a company would be treated as occurring on or after* 14*March* 1989.
[^c21627361]: *Repealed by* 1989 ss.100(3), 187*and* Sch.17 Part IV*where the change of ownership of a company would be treated as occurring on or after* 14*March* 1989.
[^c22902721]: [S. 769(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2A) inserted (with effect in accordance with [s. 135(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 135(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/4)
[^c22902741]: [S. 769(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/9) inserted (with effect in accordance with [s. 135(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 135(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/5)
[^c22903911]: Words in [s. 769(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c22903991]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c22903951]: [S. 769(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/3A) inserted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/3)
[^c22903971]: Words in [s. 769(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/4) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/4)
[^c22904001]: Words in [s. 769(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/5) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c23082371]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 37(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/37/a)
[^c22992841]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 37(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/37/b), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23229421]: Word in [s. 769(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1/5) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/a)
[^c23229491]: Words in [s. 769(1)(2)(d)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1/2/d/5) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23314631]: Word in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/b)
[^c23229461]: Words in [s. 769(2A)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2A/9) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/c)
[^c23229531]: Words in [s. 769(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/3) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23229551]: Words in [s. 769(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/4) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/c) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23791381]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791331]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791351]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23229371]: [S. 767B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/1A) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/1)
[^c23229381]: Words in [s. 767B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/2) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/2/a)
[^c23229391]: Words in [s. 767B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/2) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/2/b)
[^c23229401]: Words in [s. 767B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/4) substituted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/3)
[^c23229411]: Words in [s. 767B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/10) substituted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/4)
[^c23076701]: [S. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) substituted for s. 768B(10)(11) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 39(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/39/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23077761]: Words in [s. 768B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/13) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 39(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/39/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23312681]: Words in [s. 768B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/8) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 56](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/56)
[^c23312971]: Words in [s. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 9(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/9/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23313001]: Words in [s. 768B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/13) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 9(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/9/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23791251]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23790871]: Words in [s. 768B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/2)
[^c23790891]: Words in [s. 768B(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/6/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/3/a)
[^c23790911]: Words in [s. 768B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/6) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/3/b)
[^c23790931]: Words in [s. 768B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/8) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/4)
[^c23790951]: Words in [s. 768B(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/9/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/5)
[^c23790971]: Words in [s. 768B(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/14) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/6)
[^c23791391]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791471]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791291]: Words in [s. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/1)
[^c23082351]: [S. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) substituted for s. 768C(9)(10) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/40) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23313021]: Words in [s. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/10) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23313041]: [S. 768C(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/13) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/2)
[^c23791261]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23791011]: Words in [s. 768C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/2)
[^c23791031]: Words in [s. 768C(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/7/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/3)
[^c23791051]: [S. 768C(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/12): definition substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/4)
[^c23791401]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791481]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791311]: Words in [s. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/2)
[^c23791341]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791361]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23229631]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c23791271]: [Ss. 768](https://www.legislation.gov.uk/ukpga/1988/1/section/768), [768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/11); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23791411]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791491]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791071]: Words in [s. 768D(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/1/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/2/a)
[^c23791091]: Words in [s. 768D(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/1/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/2/b)
[^c23791111]: Words in [s. 768D(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/4/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/3/a)
[^c23791131]: Words in [s. 768D(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/4/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/3/b)
[^c23791151]: Words in [s. 768D(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/6) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/4)
[^c23791191]: [S. 768D(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/8/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/5)
[^c23791421]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791501]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791211]: Words in [s. 768E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768E/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/6/2)
[^c23791231]: Words in [s. 768E(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/768E/7) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/6/3)
[^c21627451]: Source—1970 s.486
[^c23793501]: Words in [s. 774(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/774/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 310(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/310/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23793521]: Words in [s. 774(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/774/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 310(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/310/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627461]: Source—1970 s.487(1)-(7)
[^c23794971]: Words in [s. 775(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/775/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 311(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/311/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23794951]: [S. 775(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/775/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 311(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/311/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627481]: Source—1970 s.488; 1979(C) Sch.7
[^c21627491]: Words in [s. 776(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(50)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/50) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23261011]: Words in [s. 776(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a/b) substituted (31.7.1998) by [Finance Act 1998 (c. 6)](https://www.legislation.gov.uk/ukpga/1998/6), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/6/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/6/schedule/7/paragraph/1)
[^c23795051]: Word in [s. 776(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6) substituted (S.) (28.11.2004) by [Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5)](https://www.legislation.gov.uk/asp/2000/5), [ss. 71](https://www.legislation.gov.uk/asp/2000/5/section/71), [77(2)](https://www.legislation.gov.uk/asp/2000/5/section/77/2), [Sch. 12 para. 50(4)](https://www.legislation.gov.uk/asp/2000/5/schedule/12/paragraph/50/4); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23795151]: Words in [s. 776(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795071]: [S. 776(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795091]: Words in [s. 776(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795111]: Words in [s. 776(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795131]: Words in [s. 776(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627521]: Source—1970 s.489; 1979(C) Sch.7
[^c21627531]: Words in [s. 777(11)(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/11/12) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(51)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/51) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23796281]: Words in [s. 777(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 313(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/313/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796301]: Words in [s. 777(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 313(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/313/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627551]: Source—1970 s.490
[^c21627561]: *See* S.I.[1989 No.1343](https://www.legislation.gov.uk/ukcm/1989/1343) (N.I.14) Sch.1 para.38(3)*for construction in the case of a solicitor who is an officer or employee of a recognised body.*
[^c22902761]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) restricted (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 23](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/23)
[^c21627571]: Source—1970 s.491
[^c22902821]: [S. 779(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/1/2) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 24(8)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/24/8) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c23082471]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 22](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/22) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22904051]: [S. 779(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/1/2) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/10)
[^c22904011]: Words in [s. 779(13)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/a) repealed (with effect in accordance with s. 39(4)(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 27](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/27), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c23312471]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(1)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/1); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23264461]: Words in [s. 779(13)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23796881]: Words in [s. 779(13)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/e) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 101](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/101) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23796901]: Words in [s. 779(13)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 32(2)
[^c23796921]: Words in [s. 779(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10) renumbered as s. 779(10)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796941]: Words in [s. 779(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796961]: Words in [s. 779(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796981]: [S. 779(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797001]: Words in [s. 779(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797021]: [S. 779(13)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797061]: Words in [s. 779(13)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797041]: [S. 779(13)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/ca) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23082491]: [S. 780](https://www.legislation.gov.uk/ukpga/1988/1/section/780) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 23](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/23) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21627581]: Source—1972 s.80
[^c23269121]: Words in [s. 780(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797221]: Words in [s. 780(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 315(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/315/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797241]: [S. 780(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 315(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/315/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22902841]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(1)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/1)
[^c22902861]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(6)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/6)
[^c22902921]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 18(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/18/1) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22904071]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/11/1)
[^c21627591]: Source—1970 s.492 (1)-(5), (7)-(9); 1971 Sch.8 16(7)
[^c21627601]: *See* 1979(C) s.106*and* Sch.3 para.9—*amounts charged under* s.781*to be excluded in computing capital gains.*
[^c23082531]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 24(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/24/1) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c23082391]: Words in [s. 781(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/8) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/21/2)
[^c23082411]: [S. 781(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/8A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 21(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/21/3)
[^c23312441]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(2)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/2); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23271011]: Words in [s. 781(4)(a)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/a/5/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23312701]: Words in [s. 781(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/9) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 57](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/57)
[^c23797301]: Words in [s. 781(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 102](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/102) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23797321]: Words in [s. 781(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/c) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 33(2)
[^c23797401]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 paras. 8](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/8), [20](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/20); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23797341]: Words in [s. 781(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797361]: [S. 781(4)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/ab) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797381]: Words in [s. 781(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22902941]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/5)
[^c22902961]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/18/2) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22904091]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 11(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/11/2)
[^c23082551]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 24(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/24/2) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21627621]: Source—1970 s.493; 1971 Sch.8 16(8)
[^c23312481]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(1)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/1); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23276161]: Words in [s. 782(1)(a)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/1/a/2/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797581]: Words in [s. 782(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 317](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/317) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627631]: Source—1970 s.494
[^c22902981]: [S. 783(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/2) restricted (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/2)
[^c22903001]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/1/a/3)
[^c21627641]: *See*—s.756—s.783(11)*applied for purposes of* Part XVII Ch.IV (*controlled foreign companies*),s.798(10)—s.783(11)*applied for purposes of* s.798 (*interest on certain overseas loans*).
[^c23797661]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 paras. 8(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/8/2), [20(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/20/2); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23797641]: Words in [s. 783(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/10/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 318](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/318) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797711]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 paras. 16(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/16/2), [25(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/25/2)
[^c23797671]: Words in [s. 783(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/10/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [98](https://www.legislation.gov.uk/uksi/2005/3229/regulation/98)
[^c21627651]: Source—1970 s.495
[^c21627661]: Source—Consumer Credit Act 1974 Sch.4 29
[^c23279891]: Words in [s. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797791]: [S. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785): words in definition of "capital sum" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 319](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/319) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627681]: Source—1970 s.496
[^c22992861]: [S. 786(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/4) repealed (with effect in accordance with s. 159(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note 1; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23798221]: Words in [s. 786(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798261]: [S. 786(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798241]: Words in [s. 786(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798281]: [S. 786(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627691]: Source—1976 s.38
[^c23798441]: [S. 787](https://www.legislation.gov.uk/ukpga/1988/1/section/787) extended (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/8)
[^c23313081]: [S. 787(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/787/1A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 53(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/53/2)
[^c23313101]: [S. 787(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/787/3) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 53(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/53/3)
[^c21627721]: *See*—1970 ss.267, 273, 273A*and* 276(groups)—*disapplication of those provisions in the case of companies treated as resident outside the U.K. by virtue of* s.788.1989 s.115—*calculation of tax credit for non-resident on gross amount of distribution.*1990 s.32(8)—*application of* s.788*to assets held by employee share ownership trusts.* [S. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 194(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/194/1)
[^c21627741]: Source—1970 s.497(1)-(8); 1972 ss.98(2), 100(1); 1976 s.50(2); 1987 s.70(1)
[^c22810261]: [S. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 57](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/57)
[^c22810241]: Words in [s. 788(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/5) repealed (1.4.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22810221]: Words in [s. 788(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/5) inserted (with effect in accordance with [Sch. 30 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/2/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/2/1)
[^c22810271]: Words in [s. 788(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/1)
[^c22810291]: Words in [s. 788(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/7/a) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23798991]: Words in [s. 788(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/2) substituted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 198(1)(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/198/1/2)
[^c23799001]: Words in [s. 788(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/3/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 321(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/321/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23799021]: Words in [s. 788(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 321(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/321/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627751]: Source—1970 s.497(9), (10); 1971 sch.6 74; 1972 s.100(1)
[^c21627761]: [1952 c.10](https://www.legislation.gov.uk/ukpga/1952/10).
[^c21627771]: [1965 c. 25](https://www.legislation.gov.uk/ukpga/1965/25).
[^c22810331]: Words in [s. 789(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/789/2) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/21)
[^c21627781]: Source—1970 s.498(1); 1972 s.100(1)
[^c21627791]: Source—1970 s.498(2)
[^c21627801]: Source—1970 s.498(3); 1972 s.100(1)
[^c21627811]: Source—1970 s.498(4); 1971 s.26(3); 1972 s.83(1)-(5)
[^c21627821]: Source—1970 s.498(5), (6); 1972 s.100(1)
[^c22810431]: [S. 790](https://www.legislation.gov.uk/ukpga/1988/1/section/790) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 57](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/57)
[^c22810351]: Words in [s. 790(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/3) substituted (with effect in accordance with [Sch. 30 para. 3(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 3(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/2)
[^c22810391]: Words in [s. 790(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/2)
[^c22810411]: [S. 790(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6A) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/3)
[^c22810371]: [S. 790(10A)-(10C)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/10A) inserted (with effect in accordance with [Sch. 30 para. 3(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 3(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/3)
[^c22894231]: Words in [s. 790(3)(5)(b)(10A)(d)(10C)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/3/5/b/10A/d/10C) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23799161]: Words in [s. 790(6A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6A/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23799171]: Words in [s. 790(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/11) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 322](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/322) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627831]: *For regulations see* Part III Vol.5
[^c21627841]: Source—1970 s.517
[^c21627871]: Source—1970 s.500
[^c22894301]: Words in [s. 792(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/792/1/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802251]: [S. 792](https://www.legislation.gov.uk/ukpga/1988/1/section/792) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802231]: [S. 792(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/792/1): words in definition of "foreign tax" inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 115(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/115/1)
[^c23802281]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21627881]: Source—1970 s.501; 1972 s.100 (1).
[^c21627891]: Source—1970 s.502; 1982 s.67; 1972 s.100(1).
[^c22894511]: [S. 794(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/bb) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/5)
[^c22894531]: [S. 794(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/c) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/6), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13)
[^c23802331]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802301]: Words in [s. 794(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 103](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/103) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23802321]: [S. 794(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/bb) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c21627901]: Source—1970 s.503; 1972 s.100(1); 1987 Sch.15 2(18)
[^c22894551]: [S. 795(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/41) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894601]: Words in [s. 795(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/b) renumbered as s. 795(2)(b)(i) (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by virtue of [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/2)
[^c22894571]: [S. 795(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/b/ii) and preceding word inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/2)
[^c22894631]: [S. 795(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/3A) inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/3)
[^c22894671]: Words in [s. 795(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4) renumbered as s. 795(4)(a) (24.7.2002) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/2)
[^c22894651]: [S. 795(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4/b) and preceding word inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/2)
[^c23802431]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802341]: Words in [s. 795(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1) renumbered as s. 795(1)(a) (22.7.2004) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/2)
[^c23802361]: [S. 795(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1/b) and preceding word inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/2)
[^c23802421]: [S. 795(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1/b) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 277(1A)-(1C)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1A) (as inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/6))
[^c23802381]: Words in [s. 795(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/a) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/3)
[^c23802401]: [S. 795(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/5) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/4)
[^c21627911]: Source—1970 s.504
[^c22894701]: Words in [s. 796(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/1) inserted (with effect in accordance with [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/12)
[^c21627921]: Source—1970 s.505; 1972 s.100(1), (3); 1984 s.53(1)
[^c21627931]: Source—1972 s.100(4)-(6A); 1984 s.53(1); 1986 s.49; 1987 (No.2) s.77
[^c22894721]: [S. 797(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3A/3B) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 42(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/42/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894771]: Words in [s. 797(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3B/b) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/a/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c22894741]: [S. 797(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/6) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 42(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/42/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894781]: [S. 797(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/4/5) repealed (with effect in accordance with Sch. 3 para. 35(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 35(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/35/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22894801]: Words in [s. 797(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3B/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 54](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/54)
[^c23802601]: Words in [s. 797(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/1) substituted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/2)
[^c23802621]: Words in [s. 797(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/2) substituted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/3)
[^c23802641]: [S. 797(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/2A) inserted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/4)
[^c23802681]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802661]: Words in [s. 797(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 34(2)
[^c23803041]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803121]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894841]: Word at the end of s. 797A(5)(a) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/b/4)
[^c22894821]: [S. 797A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/c) and preceding word repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/b/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c22894861]: Words at the end of s. 797A(5) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/c/4)
[^c22894901]: Words in [s. 797A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/6) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(d)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/d/4)
[^c22894881]: Words at the end of s. 797A(7) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(e)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/e/4)
[^c22894931]: Word in [s. 797A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/1/a) substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/2/a)
[^c22894951]: Words in [s. 797A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/1/b) substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/2/b)
[^c23802771]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894991]: Words in [s. 797A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/a) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/a/i)
[^c22895011]: Words in [s. 797A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/a) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/a/ii)
[^c22895071]: [S. 797A(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/aa) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/b)
[^c22895031]: Word in [s. 797A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/c)
[^c22895101]: Words in [s. 797A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c22895051]: Words in [s. 797A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/6) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/3)
[^c22895141]: Words in [s. 797A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/7) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23803061]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803131]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803081]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803141]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802291]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894471]: Words in [s. 793A(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/793A/1/a/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802531]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894501]: Words in [s. 795A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795A/1/b) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802961]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803151]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21627961]: Source—1970 s.506; 1976 s.50(3)
[^c22895281]: Words in [s. 799(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1) renumbered as s. 799(1)(a) (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/2)
[^c22895261]: [S. 799(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1/b) and preceding word inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/2)
[^c22895291]: [S. 799(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1A) inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/3)
[^c22895311]: Word at the end of s. 799(3)(a) inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/a)
[^c22895331]: [S. 799(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/3/b) repealed (with effect in accordance with Sch. 30 para. 8(5)(6) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/b), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22895351]: Words in [s. 799(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/3/c) substituted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/c)
[^c22895371]: [S. 799(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/5) added (with effect in accordance with [Sch. 30 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/9/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 9(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/9/2)
[^c22895391]: [S. 799(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1A) substituted (with effect in accordance with [Sch. 27 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/2)
[^c22895411]: [S. 799(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1B) inserted (with effect in accordance with [Sch. 27 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/3)
[^c23803451]: [S. 799(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/2A) inserted (with effect in accordance with [s. 85(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/85/2) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/85/1)
[^c23803471]: Words in [s. 799(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/6/b) inserted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 7](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/7)
[^c21627981]: Source—1970 s.508; 1971 s.26(2)
[^c22895871]: Words in [s. 801(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(8)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/8/a)
[^c22895891]: Words in [s. 801(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(8)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/8/b)
[^c22895911]: [S. 801(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1A) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/9)
[^c22895931]: [S. 801(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2A) inserted (with effect in accordance with [Sch. 30 para. 11(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/11/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 11(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/11/2)
[^c22895971]: [S. 801(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/4A) inserted (with effect in accordance with [Sch. 27 para. 3(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/3/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/3/3)
[^c23803591]: Words in [s. 801(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1A/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23803671]: Words in [s. 801(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2) substituted (with effect in accordance with [s. 91(8)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/8) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/5)
[^c23803601]: [S. 801(2A)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2A/aa) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/2)
[^c23803641]: [S. 801(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2B) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/3)
[^c23803691]: [S. 801(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/4A) repealed (with effect in accordance with s. 91(8) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/6), [Sch. 11 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/9), Note
[^c23803651]: [S. 801(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/6/7) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/4)
[^c23803741]: [S. 801(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/5A) inserted (with effect in accordance with [s. 43(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/43/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 43(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/43/2)
[^c21628011]: Source—1982 s.66; 1987 (No.2) s.68
[^c22896271]: Words in [s. 803(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/b) inserted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/a)
[^c22896291]: Words in [s. 803(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/c) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/b)
[^c22896311]: [S. 803(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/d) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/c)
[^c22896331]: Words in [s. 803(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/3) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/3)
[^c22896591]: [S. 803(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/10) substituted for s. 803(10)(11) (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/10)
[^c23803891]: Words in [s. 803(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/d) substituted (with effect in accordance with [s. 86(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/2/a)
[^c23803911]: [S. 803(4)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/4) repealed (with effect in accordance with s. 86(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/2/b), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/8), Note
[^c22896071]: Words in [s. 801A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/1/a) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/11)
[^c22896091]: Words in [s. 801A(2)(7)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/2/7/11) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/12)
[^c23804001]: [S. 803A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/803A/1A) inserted (with effect in accordance with [s. 90(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/90/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/90/2)
[^c21628021]: Source—1970 s.510; 1971 Sch.6 75
[^c22897241]: Words in [s. 804(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/1) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/1) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897261]: [S. 804(5)-(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5) substituted for s. 804(5) (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/2) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897281]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): definition of "overlap profit" inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/a) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897301]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): definitions of "non-basis period" and "years of commencement" repealed (with effect in accordance with s. 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20 para. 12(1))
[^c22897331]: Words in [s. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8) repealed (with effect in accordance with s. 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20 para. 12(1))
[^c22897351]: Words in [s. 804(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/7) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/22)
[^c23804191]: Words in [s. 804(5)(b)(5A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5/b/5A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804221]: Words in [s. 804(5B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5B/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804241]: Words in [s. 804(5B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5B/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804261]: Words in [s. 804(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5C) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804281]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): words in definition of "overlap profit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22897371]: Words in [s. 804A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/3) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c22897391]: [S. 804A(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1) substituted for s. 804A(1) (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/2)
[^c22897411]: Words in [s. 804A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/3) substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/3)
[^c22897431]: Words in [s. 804A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/5) substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/4)
[^c23804341]: Words in [s. 804A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1/a) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21628041]: *See* s.732(4)—*dealers in securities.*
[^c23805031]: [Ss. 805](https://www.legislation.gov.uk/ukpga/1988/1/section/805), [806](https://www.legislation.gov.uk/ukpga/1988/1/section/806) applied (31.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3262/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21628051]: Source—1970 s.511; 1972 s.100(1)
[^c21628061]: *See* s.448—*overseas life assurance companies.*
[^c22897581]: [S. 806(3)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/806/3) inserted (17.3.1998 with effect in accordance with [s. 107(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/107/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 107(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/107/1)
[^c22897601]: [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34).
[^c22897611]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c23805041]: [Ss. 805](https://www.legislation.gov.uk/ukpga/1988/1/section/805), [806](https://www.legislation.gov.uk/ukpga/1988/1/section/806) applied (31.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3262/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22897621]: [S. 806(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/806/1) substituted (with effect in accordance with [Sch. 30 para. 20(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/20/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 20(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/20/2)
[^c22897471]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) modified (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30C](https://www.legislation.gov.uk/uksi/1997/473/regulation/30C) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [6](https://www.legislation.gov.uk/uksi/2000/2710/regulation/6); and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [25](https://www.legislation.gov.uk/uksi/2004/822/regulation/25))
[^c22897211]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22897481]: Words in [s. 804B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/2) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 6(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/6/a)
[^c22897501]: Words in [s. 804B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/4) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 6(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/6/b)
[^c22897521]: Words in [s. 804B(4)(b)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/4/b/5/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(k)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/k)
[^c23804411]: Words in [s. 804B(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/a) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/1/a)
[^c23804431]: Words in [s. 804B(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/b) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/1/b)
[^c23804471]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2005/2014/regulation/23) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [22](https://www.legislation.gov.uk/uksi/2007/2134/regulation/22); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [10](https://www.legislation.gov.uk/uksi/2008/1937/regulation/10))
[^c23804451]: [S. 804B(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/7)
[^c23804741]: Words in [s. 804C(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/4/5) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/3)
[^c23804771]: [S. 804C(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/13) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/4)
[^c22897551]: [S. 804D](https://www.legislation.gov.uk/ukpga/1988/1/section/804D) modified (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30D](https://www.legislation.gov.uk/uksi/1997/473/regulation/30D) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [6](https://www.legislation.gov.uk/uksi/2000/2710/regulation/6); and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [26](https://www.legislation.gov.uk/uksi/2004/822/regulation/26))
[^c23804881]: [S. 804D](https://www.legislation.gov.uk/ukpga/1988/1/section/804D) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/2005/2014/regulation/24)
[^c22897221]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22897231]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22898011]: Words in [s. 806A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806A/5) added (with effect in accordance with [Sch. 27 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/4/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/4/2)
[^c22898031]: [S. 806B(3)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/806B/3) substituted (with effect in accordance with [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/2)
[^c22898051]: Words in [s. 806B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/806B/9) substituted (with effect in accordance with [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/3)
[^c23805811]: [S. 806K(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/806K/1) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23805821]: [S. 806K(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/806K/2/bb) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 324](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/324) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23805901]: Words in [s. 806L(1)(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/1/2/4/5) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23805881]: [S. 806L(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/7) substituted (with effect in accordance with [s. 155(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/155/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/1/3)
[^c23806021]: Words in [s. 806M(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806M/2) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21628081]: Source—1985 Sch.23 37
[^c21628091]: Source—1988 Sch.23 38(1)-(3)
[^c22898151]: [S. 807(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/6) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 45](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/45) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23806331]: Words in [s. 807(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 325](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/325) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628111]: Source—1976 s.50(1)
[^c21628121]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para.21](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/21)
[^c22899541]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/a)
[^c22899561]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/b)
[^c22899581]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) repealed (with effect in accordance with s. 140(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/c), [Sch. 26 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/18), Note
[^c21628141]: Source—1973 s.18
[^c21628191]: Source—1970 s.516; 1973 s.40(1); 1987 Sch.15 2(19)
[^c21628212]: [S. 811(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/c) and preceding word repealed (with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(g)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/g/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9)
[^c22899621]: [S. 811(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 47](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/47) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22899641]: [S. 811(4)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/4) inserted (with effect in accordance with [Sch. 30 para. 27(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/27/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 27(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/27/2)
[^c22899661]: [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34).
[^c22899671]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c22899681]: Word preceding s. 811(2)(b) repealed (with effect in accordance with Sch. 27 para. 6(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/a), [Sch. 33 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/8), Note
[^c22899701]: Word at the end of s. 811(2)(b) inserted (with effect in accordance with [Sch. 27 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/b)
[^c22899721]: [S. 811(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/d) inserted (with effect in accordance with [Sch. 27 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/c)
[^c22899761]: Words in [s. 811(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3) renumbered as s. 811(3)(a) (24.7.2002) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/5)
[^c22899741]: [S. 811(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3/b) and preceding word inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/5)
[^c23806891]: Words in [s. 811(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [s. 115(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/115/2)
[^c21628221]: Source—1985 s.54(1),(3)
[^c21628231]: Source—1985 s.54(6) Sch.13 5
[^c21628241]: Source—1985 s.54(4),(5)
[^c21628251]: Source—1985 s.54(6) Sch.13 5.
[^c21628261]: Source—1985 s.54(7)(b), Sch.13 5(1)
[^c21628271]: Source—1985 s.54(7)(a)
[^c21628281]: Source—1985 s.54(8)
[^c22899771]: [S. 812(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/4/a) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 38(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/38/2), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22899791]: Words in [s. 812(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/7) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 38(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/38/3)
[^c22899821]: Words in [s. 812(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/2) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23807201]: Words in [s. 812(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 326(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/326/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23807221]: Words in [s. 812(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 326(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/326/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23807241]: [S. 812(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 201](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/201) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23807301]: Words in [s. 812(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1/b) substituted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 8 para. 30](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/30) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c23807261]: Words in [s. 812(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/c) substituted (1.4.2010 with effect in accordance with [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Sch. 1 para. 116(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/116/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^c23807281]: [S. 812(5)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/d) substituted (1.4.2010 with effect in accordance with [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Sch. 1 para. 116(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/116/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^c21628291]: Source—1985 Sch.13 1
[^c21628301]: *Reproduced in* Part III Vol.5.
[^c21628311]: [S.I. 1973/317](https://www.legislation.gov.uk/uksi/1973/317).
[^c22899851]: [S. 813(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/813/6/b) repealed (with effect in accordance with Sch. 3 para. 37(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 37(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/37/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21628321]: Source-1985 Sch. 13 3
[^c23807321]: [S. 814(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/814/1) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23807331]: Words in [s. 814(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/814/1/a) substituted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 8 para. 31](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/31) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c21628331]: Source—1985 Sch.13 4(1)
[^c21628391]: *See* 1979(C) s.10(4)—*application to capital gains tax.* [S. 816](https://www.legislation.gov.uk/ukpga/1988/1/section/816) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 816](https://www.legislation.gov.uk/ukpga/1988/1/section/816) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 194(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/194/5)
[^c21628401]: Source—1970 s.518; 1972 s.100(1)
[^c21628411]: [S. 816(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 51(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/51/2)
[^c22900281]: [S. 816(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/3A) inserted (with effect in accordance with [Sch. 37 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/d)
[^c22900291]: Words in [s. 816(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 146(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/146/2)
[^c22900311]: [S. 816(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2ZA) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 146(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/146/2)
[^c22900331]: Word in [s. 816(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/c)
[^c22900351]: Words in [s. 816(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/d)
[^c22900371]: Words in [s. 816(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2ZA) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(e)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/e)
[^c23807421]: Words in [s. 816(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/1) substituted (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(a)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/a); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23807441]: Words in [s. 816(2)(2ZA)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2/2ZA/2A) substituted (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(b)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/b); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23807481]: [S. 816(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/5) added (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(c)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/c); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23806781]: [S. 808A(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/808A/2) applied (with effect in accordance with s. 97(5)(6) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 103](https://www.legislation.gov.uk/ukpga/2004/12/section/103) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23806791]: [S. 808A(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/808A/2) applied (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 764](https://www.legislation.gov.uk/ukpga/2005/5/section/764) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628351]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied (*retrospectively*) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 140C(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/140C/5) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 45](https://www.legislation.gov.uk/ukpga/1992/48/section/45)) [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied (*retrospectively*) by [Income and Corporation Taxes Act 1970 (c. 10)](https://www.legislation.gov.uk/ukpga/1970/10), [s. 269C(5)](https://www.legislation.gov.uk/ukpga/1970/10/section/269C/5) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 48](https://www.legislation.gov.uk/ukpga/1992/48/section/48))
[^c22900201]: [S. 815A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/2) substituted for s. 815A(2)-(4) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 39](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/39)
[^c23807351]: Words in [s. 815A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/6) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23807381]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 140F(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/140F/4) (as substituted (29.11.2007 with effect in accordance with reg. 3 of the affecting S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/2))
[^c23807361]: Words in [s. 815A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/1) inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 59(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/59/1)
[^c22898181]: Words in [s. 807A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2) inserted (with effect in accordance with [s. 91(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/2)
[^c22898201]: [S. 807A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2A) inserted (with effect in accordance with [s. 91(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/3)
[^c22898221]: Words in [s. 807A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/3/b) inserted (with effect in accordance with [s. 91(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/4)
[^c22898241]: [S. 807A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/6A) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/5)
[^c22898261]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22898291]: Words in [s. 807A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b) renumbered as s. 807A(2)(b)(i) (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/2)
[^c22898271]: [S. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) and preceding word inserted (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/2)
[^c22898301]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant qualifying payment" inserted (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/3)
[^c22898331]: Words in [s. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/2/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898351]: Words in [s. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/2/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898371]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant payment" inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898391]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant qualifying payment" repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/4), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c23806531]: [S. 807A(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2B) inserted (with effect in accordance with [Sch. 7 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/5/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/5/2)
[^c23806801]: [S. 808B(2)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/808B/2)(9) applied (with effect in accordance with s. 97(5)(6) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 103](https://www.legislation.gov.uk/ukpga/2004/12/section/103) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23806811]: [S. 808B(2)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/808B/2)(9) applied (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 764](https://www.legislation.gov.uk/ukpga/2005/5/section/764) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22900221]: Words in [s. 815AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815AA/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c22900241]: Words in [s. 815C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815C/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23807411]: Words in [s. 815C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815C/1) substituted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 198(1)(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/198/1/2)
[^c21628421]: Source—1970 s.519.
[^c21628431]: *See* s.125—*annual payments for non-taxable consideration.*
[^c22800371]: [S. 817(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1/b) restricted (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 8(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/3) (with [Sch. 29 para. 8(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/4))
[^c23812231]: Word in [s. 817(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812251]: Words in [s. 817(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812271]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812291]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812331]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812311]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628441]: Source—1970 s.425; 1971 Sch.6 51
[^c23812351]: Words in [s. 818(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/818/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 328(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/328/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812371]: [S. 818(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/818/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 328(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/328/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628481]: Source—1971 Sch.7 2-4; 1978 Sch.2 14
[^c21628491]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 19(3)(7)](https://www.legislation.gov.uk/ukpga/1992/48/section/19/3/7)
[^c21628501]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c22800381]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/13)
[^c22800391]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) inserted (with effect in accordance with [Sch. 4 para. 21(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/21/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 21(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/21/1/a)
[^c22800411]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (with effect in accordance with [Sch. 4 para. 21(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/21/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 21(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/21/1/b)
[^c22800461]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (with effect in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(9)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/9/c)
[^c23812391]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 329](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/329) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628561]: Source—1970 s.523
[^c21628891]: Source—1975 (No.2) s.47(3)(a)
[^c22801891]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 146, Sch.13 para.7(c)
[^c22801921]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) repealed (on and after 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch.17 Part 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10); [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c22801901]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch.13 para.7(c)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/c)
[^c23813091]: Words in [s. 824(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629221]: *Repealed by* 1989 s.178(7)*and* 187*and* Sch.17 Part X*from* 18*August* 1989 (*see* S.I. [1989 No.1298](https://www.legislation.gov.uk/ukcm/1989/1298)).
[^c21629261]: *See* Table I*in* Vol.1*and see* 1989 s.178*for further regulation making powers and* Part III Vol.5*for regulations.*
[^c21629281]: *And see* Sch.30 para.1(9).
[^c22802181]: Words in [s. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802941]: Words in [s. 826(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5) re-numbered as s. 826(5)(a) (31.7.1998) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/2/a)
[^c22802951]: Words in [s. 826(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5) re-numbered as s. 826(5)(b) (31.7.1998) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/2/b)
[^c22802961]: Words in [s. 826(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5/b) inserted (with effect in accordance with [s. 34(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/3)
[^c22803451]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) substituted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/4/a)
[^c21629551]: Source—1986 s.53.
[^c22803521]: [S. 827(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 7 para. 31](https://www.legislation.gov.uk/ukpga/1994/9/schedule/7/paragraph/31)
[^c22803541]: Words in [s. 827(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/a)
[^c22803561]: Words in [s. 827(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1/a) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(b)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/b)
[^c22803581]: Words in [s. 827(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1/b/c) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(c)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/c)
[^c22803611]: Words in [s. 827(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/2) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(d)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/d)
[^c22803631]: [S. 827(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1A) inserted (1.11.1994 for specified purposes and 1.1.1995 otherwise) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 18(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/18/7), [19(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/19/1) (with [s. 19(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/19/3)); [S.I. 1994/2679](https://www.legislation.gov.uk/uksi/1994/2679), [arts. 2](https://www.legislation.gov.uk/uksi/1994/2679/article/2), [3](https://www.legislation.gov.uk/uksi/1994/2679/article/3) (with [art. 4(3)](https://www.legislation.gov.uk/uksi/1994/2679/article/4/3))
[^c22803651]: [S. 827(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1C) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 5 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/5/paragraph/40)
[^c22803671]: [S. 827(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1D) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/4)
[^c22803691]: [S. 827(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1E) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 49(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/49/3)
[^c23814871]: [S. 827(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1G) inserted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/6)
[^c23814891]: [S. 827(1F)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1F) inserted (27.11.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 24(7)](https://www.legislation.gov.uk/ukpga/2003/14/section/24/7), [40](https://www.legislation.gov.uk/ukpga/2003/14/section/40); [S.I. 2003/2985](https://www.legislation.gov.uk/uksi/2003/2985), [art. 2](https://www.legislation.gov.uk/uksi/2003/2985/article/2)
[^c23814911]: Words in [s. 827](https://www.legislation.gov.uk/ukpga/1988/1/section/827) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815001]: Words in [s. 827(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815021]: [S. 827(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629671]: 1989 s.178(6).
[^c21629691]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) substituted (1990-91 and subsequent years of assessment) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 17(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/17/3)
[^c22803721]: Words in [s. 828(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/2) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 24](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/24)
[^c22803761]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 58](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/58)
[^c23815061]: Words in [s. 828(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815081]: Words in [s. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815161]: Words in [s. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815181]: Words in [s. 828(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815141]: Words in [s. 828(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629741]: Source—1970 ss.524, 525(1)
[^c21629751]: Words in [s. 829(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/829/2) inserted (27.7.1993 with effect in relation to the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 122(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/122/1/3)
[^c22803771]: [S. 829(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/829/2A) inserted (with effect in accordance with [s. 40(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 40(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/2)
[^c23816121]: Words in [s. 829(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/829/2A) substituted (with effect in accordance with [s. 77](https://www.legislation.gov.uk/ukpga/2004/12/section/77) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/11/2/a)
[^c23816141]: Words in [s. 829(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/829/2A) substituted (with effect in accordance with [s. 77](https://www.legislation.gov.uk/ukpga/2004/12/section/77) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/11/2/b)
[^c21629771]: Source—1973 s.38(1), (2)-(4), (6)
[^c21629781]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22803791]: Word in [s. 830(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23816181]: [S. 830(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23816191]: Words in [s. 830(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 335](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/335), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21630391]: 1970 s.526(5), 527(1); 1971 s.32(1), (1D), Sch.8 16(3); 1976 Sch.4 11; 1972 s.93(6); 1979(C), Sch.7; 1981 s.34(5); 1987 Sch.15 2(20)
[^c21630421]: [1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53).
[^c21630441]: Word in [s. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1) substituted (6.3.1992 with effect as mentioned in s. 289(1)(2) of the substituting Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(54)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/54) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21630461]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21630471]: [1923 c. 8](https://www.legislation.gov.uk/ukpga/1923/8).
[^c21630481]: [S.I. 1979/1574 (N.I. 13)](https://www.legislation.gov.uk/nisi/1979/1574).
[^c21630491]: 1990 s.127*and* Sch.18 para.5(3)*on and after* 1*April* 1990.*Previously* “ “local authority” and “local authority association” have the meanings given by section 519;”.
[^c21630501]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "lower rate" inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(9)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/9/10/11)
[^c21630511]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of “the rate applicable to trusts” inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.15](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/15), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21630531]: Source—1970 s.526(6)
[^c21630541]: Source—1970 s.526(3), (4)
[^c21630551]: Source—1970 s.526(5A); 1987 Sch.15 2(21)
[^c22804321]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "recognised clearing system" repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 25](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/25), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c22804331]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "Schedule A business" inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/28)
[^c22804351]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "additional rate" repealed (with effect in accordance with Sch. 18 Pt. 6(1) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/1)
[^c22804371]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "open-ended investment company", "authorised corporate director", "owner of shares" and "scheme property" inserted (28.4.1997) by The Open-ended [Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [reg. 14](https://www.legislation.gov.uk/uksi/1997/1154/regulation/14)
[^c22804391]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "the Schedule F ordinary rate", "the Schedule F trust rate", and "the Schedule F upper rate" inserted (with effect in accordance with [Sch. 4 para. 22(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/22/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 22(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/22/1)
[^c22804431]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "franked investment income" substituted (with effect in accordance with [Sch. 3 para. 39(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/2)
[^c22804491]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "franked payment" repealed (with effect in accordance with Sch. 3 para. 39(8) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804501]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "group income" repealed (with effect in accordance with Sch. 3 para. 39(9) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804471]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "notice" inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 118(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/118/10)
[^c22804511]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the rate of advance corporation tax" repealed (with effect in accordance with Sch. 3 para. 39(9) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/5), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804521]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "surplus of franked investment income" repealed (with effect in accordance with Sch. 3 para. 39(8) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/6), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804451]: [S. 832(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/4A) inserted (with effect in accordance with [Sch. 3 para. 39(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/7)
[^c22804561]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "lower rate" substituted (with effect in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(10)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/10/a)
[^c22804581]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "starting rate" and "starting rate limit" inserted after the definition of "Schedule A business" (with effect in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(10)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/10/b)
[^c22804601]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "capital allowance" substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 60(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/60/a)
[^c22804621]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the Capital Allowances Act" substituted for definition of "the Capital Allowances Acts" (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 60(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/60/b)
[^c22804641]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "investment LLP" and "property investment LLP" inserted (6.4.2001 with effect in accordance with [s. 76(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/2)
[^c22804661]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "industrial assurance business" substituted (1.12.2001) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(4)(11)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/4/11); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c22804701]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "for accounting purposes" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c22804681]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "generally accepted accounting practice" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c22804721]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "period of account" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c23816661]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "permanent establishment" inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 148(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/148/6)
[^c23816741]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "generally accepted accounting practice" substituted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/a)
[^c23816701]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "international accounting standards" inserted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/b)
[^c23816681]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "offshore installation" inserted (with effect in accordance with [Sch. 27 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/2)
[^c23816721]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK generally accepted accounting practice" inserted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/b)
[^c23816761]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "estate in land" inserted (S.) (28.11.2004) by Abolition of Feudal Tenure etc. (Scotland) Act (asp 5), ss. 71, 77(2)(c); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23816781]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "overseas property business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816871]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "relevant foreign income" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816821]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "Schedule A business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816851]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definitions of "the Schedule F ordinary rate", "the Schedule F trust rate" and "the Schedule F upper rate" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816801]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "tax credit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816891]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK property business" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816911]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "Ulster Savings Certificates" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/g), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816941]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "step-child" inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [99](https://www.legislation.gov.uk/uksi/2005/3229/regulation/99)
[^c21630561]: Source—1979(C) s.155(5).
[^c21630571]: Source—1980 s.24(8)
[^c21630591]: Source—1970 s.529
[^c21630601]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21630621]: Source—1970 s.530(1)
[^c21630681]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21630691]: Source—1970 s.530(2), 383; 1981 s.27(10); 1982 s.31(2); 1987 Sch.3 5
[^c21630731]: Source—1970 s.530(3).
[^c22805271]: Words in [s. 833(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/2) substituted (1.4.1996) by [The Transfer of Functions (Registration and Statistics) Order 1996 (S.I. 1996/273)](https://www.legislation.gov.uk/uksi/1996/273), [Sch. 2 para. 22(a)](https://www.legislation.gov.uk/uksi/1996/273/schedule/2/paragraph/22/a)
[^c22805291]: Words in [s. 833(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/2) substituted (1.4.1996) by [The Transfer of Functions (Registration and Statistics) Order 1996 (S.I. 1996/273)](https://www.legislation.gov.uk/uksi/1996/273), [Sch. 2 para. 22(b)](https://www.legislation.gov.uk/uksi/1996/273/schedule/2/paragraph/22/b)
[^c23817601]: [S. 833(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 108(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/108/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23817621]: [S. 833(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/4/a/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 108(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/108/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23817661]: Words in [s. 833(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3/b) inserted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/5)
[^c23817681]: Words in [s. 833(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817701]: Words in [s. 833(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/2/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817721]: Words in [s. 833(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/2/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817741]: Word in [s. 833(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817761]: Words in [s. 833(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817781]: [S. 833(5)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/5/a/b) substituted for words in s. 833(5) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817801]: [S. 833(5A)-(5E)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21630741]: Source—1970 s.527.
[^c22805331]: Words in [s. 834(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/3) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 6](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/6)
[^c22805371]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "allowable loss" excluded (with effect in accordance with s. 63(4) of the excluding Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 94(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/94/4)
[^c22805351]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definitions of "loan relationship" and "non-trading deficit" inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 49](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/49) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22805381]: Words in [s. 834(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 61](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/61), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22805421]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "accounting date" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c22805411]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "charges on income" substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/4)
[^c22805391]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "derivative contract" inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/13)
[^c23817821]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "chargeable profits" inserted (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/5)
[^c23817841]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "statutory insolvency arrangement" inserted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/8)
[^c21630841]: Source—1970 s.528(1), (2); 1971 Sch.6 78; 1972 Sch.24 32.
[^c21630851]: Source—1971 s.34; 1975 (No.2) s.31(4)
[^c21630861]: 1988(F) s.35 Sch.3 para.22*for* 1990-91*and subsequent years.*
[^c21630871]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21630881]: Source—1970 s.528(3)(5); 1972 Sch.11 8, Sch.24 32; 1971 Sch.6 78
[^c22805431]: Words in [s. 835(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/835/6/a) inserted (with effect in accordance with s. [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/24)
[^c22805441]: Words in [s. 835(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/835/6/a) substituted (with effect in accordance with [Sch. 3 para. 40(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/40/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 40(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/40/2)
[^c22805461]: [S. 835(8)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/835/8/c) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 62](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/62)
[^c23818201]: Words in [s. 835(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/835/6/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 339](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/339) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21630921]: Source—1970 Sch.13
[^c21630931]: Source—1970 s.531
[^c21630941]: *See*—s.26—*and managed as one estate.*[s.145](https://www.legislation.gov.uk/ukpga/1988/1/section/145)—*living accommodation provided for employee.*[s.156](https://www.legislation.gov.uk/ukpga/1988/1/section/156)—*valuation of benefits in kind.*
[^c21630951]: *Reproduced in* Part II Vol.5.
[^c21630961]: [1967 c. 9](https://www.legislation.gov.uk/ukpga/1967/9).
[^c21630981]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 184(1)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/184/1/a), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/60/1), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 189(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/189/6)
[^c22805691]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) modified (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 50(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/50/7)
[^c21630991]: Source—1970 s.532.
[^c21631011]: Definition in s. 838 modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 170(2)(c)](https://www.legislation.gov.uk/ukpga/1992/12/section/170/2/c), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/60/1), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22805681]: [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (30.3.1995) by [The Electricity (Class Exemptions from the Requirement for a Licence) (No. 2) Order 1995 (S.I. 1995/909)](https://www.legislation.gov.uk/uksi/1995/909), [art. 2(2)(c)](https://www.legislation.gov.uk/uksi/1995/909/article/2/2/c) [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (1.10.2001) by [The Electricity (Class Exemptions from the Requirement for a Licence) Order 2001 (S.I. 2001/3270)](https://www.legislation.gov.uk/uksi/2001/3270), [art. 2(2)(c)](https://www.legislation.gov.uk/uksi/2001/3270/article/2/2/c) [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 50(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/50/7)
[^c21631021]: [S. 838(4)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/4) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2), [Pt. I para. 31(11)](https://www.legislation.gov.uk/ukpga/1993/37/part/I/paragraph/31/11)
[^c21631141]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 104(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/104/3), [112(7)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/112/7/b) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [1983 c. 55](https://www.legislation.gov.uk/ukpga/1983/55), [Sch. 4A para. 1(5)](https://www.legislation.gov.uk/ukpga/1983/55/schedule/4A/paragraph/1/5) (as inserted (1.12.1992 for specified purposes and 1.1.1993 otherwise) by Finance No. 2 Act 1992 (c. 48), s. 14(2), Sch. 3 Pt. I para. 62; [S.I. 1992/2979](https://www.legislation.gov.uk/uksi/1992/2979), [art. 4](https://www.legislation.gov.uk/uksi/1992/2979/article/4), [Sch. Pt. II](https://www.legislation.gov.uk/uksi/1992/2979/schedule/part/II); [S.I. 1992/3261](https://www.legislation.gov.uk/uksi/1992/3261), [art. 3](https://www.legislation.gov.uk/uksi/1992/3261/article/3),Sch.) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 193(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/193/6)
[^c21631151]: Source—1970 s.533.
[^c21631161]: [S. 839(2)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2) applied (E.W.S.) (16.1.1992) by [S.I. 1992/58](https://www.legislation.gov.uk/uksi/1992/58), [art. 8(9)(b)](https://www.legislation.gov.uk/uksi/1992/58/article/8/9/b), [Sch. 1 para. 3](https://www.legislation.gov.uk/uksi/1992/58/schedule/1/paragraph/3)
[^c21631231]: [1958 c. 45](https://www.legislation.gov.uk/ukpga/1958/45).
[^c21631241]: [1940 c. 9 (N.I.)](https://www.legislation.gov.uk/apni/1940/9)
[^c22805721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 127(19) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 127(17)](https://www.legislation.gov.uk/ukpga/1995/4/section/127/17)
[^c22805731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 15(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/15/7) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 105(1), Sch. 13 para. 8(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/8/3) (with [Sch. 13 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/6))
[^c22805741]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1986 (c. 8)](https://www.legislation.gov.uk/ukpga/1986/8), [s. 80B(1)](https://www.legislation.gov.uk/ukpga/1986/8/section/80B/1) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 97(1)(4)(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/97/1/4/6); [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). 1997/ 2428, art. 2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1986 (c. 8)](https://www.legislation.gov.uk/ukpga/1986/8), [s. 88B(1)](https://www.legislation.gov.uk/ukpga/1986/8/section/88B/1) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 102(1)(4)(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/102/1/4/6); [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). 1997/ 2428, art. 2)
[^c22805751]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 6A para. 1(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/6A/paragraph/1/2) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [ss. 22(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/22/3), [24](https://www.legislation.gov.uk/ukpga/1997/16/section/24), [Sch. 4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/4))
[^c22805761]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [Sch. 9](https://www.legislation.gov.uk/ukpga/1994/23/schedule/9) Group 2 Note (6) (as substituted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 38](https://www.legislation.gov.uk/ukpga/1997/16/section/38)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [Sch. 10 para. 3A(14)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/10/paragraph/3A/14) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 37(3)-(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/37/3))
[^c22805771]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para. 25(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/25/2)
[^c22805701]: [S. 839(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3/3A) substituted for s. 839(3) (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 20](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/20)
[^c22806611]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 48(11) of the affecting Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 48(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/48/10)
[^c22806621]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 47(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/10) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/11/paragraph/3/4)
[^c22806631]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 97(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/97/2/a)
[^c22806641]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (28.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 119(9)(13)](https://www.legislation.gov.uk/ukpga/2000/17/section/119/9/13) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 62 of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 71(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/71/2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 102(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/102/3) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 69(1) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 25(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/25/2) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22806651]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 575(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/575/1) (with [s. 575(2)](https://www.legislation.gov.uk/ukpga/2001/2/section/575/2))
[^c22806661]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 70(1) of the affecting Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 31(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/31/4) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c22806671]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.4.2002) by [The Aggregates Levy (General) Regulations 2002 (S.I. 2002/761)](https://www.legislation.gov.uk/uksi/2002/761), [reg. 12(2)](https://www.legislation.gov.uk/uksi/2002/761/regulation/12/2)
[^c22806681]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.6.2002) by [The Beer Regulations 1993 (S.I. 1993/1228)](https://www.legislation.gov.uk/uksi/1993/1228), [Sch. 1](https://www.legislation.gov.uk/uksi/1993/1228/schedule/1) (as amended by [The Beer and Excise Warehousing (Amendment) Regulations 2002 (S.I. 2002/1265)](https://www.legislation.gov.uk/uksi/2002/1265), [reg. 2(5)(b)](https://www.legislation.gov.uk/uksi/2002/1265/regulation/2/5/b))
[^c22806721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 55(7) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 55(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/55/5) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 9A(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/9A/5) (as inserted (with effect in accordance with [s. 104(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 104(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/3)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Alcoholic Liquor Duties Act 1979 (c. 4)](https://www.legislation.gov.uk/ukpga/1979/4), [s. 36B(8)](https://www.legislation.gov.uk/ukpga/1979/4/section/36B/8) (as inserted (1.6.2002) [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 4(1)(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/4/1/2), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/1/paragraph/2)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 53(1) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 12 para. 19(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/19/2) (with [Sch. 12 para. 20](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/20)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 13 para. 28 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 para. 27(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/27/2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 37 para. 2(5) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 37 para. 2(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/37/paragraph/2/4/b)
[^c22806731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 4 para. 4A(3)](https://www.legislation.gov.uk/uksi/2001/1004/schedule/4/paragraph/4A/3) (as inserted (28.11.2002) by The Social Security (Contributions)(Amendment No. 5) Regulations 2002 ([S.I. 2002/2929](https://www.legislation.gov.uk/uksi/2002/2929)), reg. 5)
[^c23818621]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (23.1.2003 with effect in accordance with s. 57(4)(a) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 16 para. 51(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/16/paragraph/51/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23818631]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 718](https://www.legislation.gov.uk/ukpga/2003/1/section/718) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23818641]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (10.7.2003 with effect in accordance with Sch. 19 of the affecting Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 45(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/45/6), [53(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/53/2), [58(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/58/5), [108(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/108/1), [Sch. 4 paras. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/1/2), [10(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/10/4), [12(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/12/2); [S.I. 2003/2899](https://www.legislation.gov.uk/uksi/2003/2899), [art. 2](https://www.legislation.gov.uk/uksi/2003/2899/article/2)
[^c23818651]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/26/paragraph/7/3)
[^c23818661]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 6A para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/6A/paragraph/10) (as inserted (1.12.2003) by [The Stamp Duty and Stamp Duty Land Tax (Variation of the Finance Act 2003) (No. 2) Regulations 2003 (S.I. 2003/2816)](https://www.legislation.gov.uk/uksi/2003/2816), [reg. 1](https://www.legislation.gov.uk/uksi/2003/2816/regulation/1), [Sch. para. 3(2)](https://www.legislation.gov.uk/uksi/2003/2816/schedule/paragraph/3/2) (replacing [S.I. 2003/2760](https://www.legislation.gov.uk/uksi/2003/2760), [reg. 1](https://www.legislation.gov.uk/uksi/2003/2760/regulation/1), [Sch. para. 3(2)](https://www.legislation.gov.uk/uksi/2003/2760/schedule/paragraph/3/2)); and [S.I. 2003/2816](https://www.legislation.gov.uk/uksi/2003/2816) is revoked and replaced by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 paras. 14](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/14), [17(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/17/2), [26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26)
[^c23818671]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Value Added Tax Regulations 1995 (S.I. 1995/2518)](https://www.legislation.gov.uk/uksi/1995/2518), [reg. 171(7)(8)](https://www.legislation.gov.uk/uksi/1995/2518/regulation/171/7/8) (as inserted (11.12.2003) by [The Value Added Tax (Amendment) (No. 6) Regulations 2003 (S.I. 2003/3220)](https://www.legislation.gov.uk/uksi/2003/3220), [regs. 1(1)(b)](https://www.legislation.gov.uk/uksi/2003/3220/regulation/1/1/b), [23](https://www.legislation.gov.uk/uksi/2003/3220/regulation/23))
[^c23818681]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 278(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/278/4) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23818691]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (with effect in accordance with s. 84(2) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/15/paragraph/2)
[^c23818701]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 45A(10)](https://www.legislation.gov.uk/ukpga/2003/14/section/45A/10) (as inserted (with effect in accordance with [Sch. 39 para. 13(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/13/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/5/5))
[^c23818711]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 44(11)](https://www.legislation.gov.uk/ukpga/2003/14/section/44/11) (as inserted (with effect in accordance with [Sch. 39 para. 26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 15(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/15/4))
[^c23818721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 6A para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/6A/paragraph/10) (as inserted (with effect in accordance with [Sch. 39 para. 26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 17(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/17/2))
[^c23818731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 15 para. 39](https://www.legislation.gov.uk/ukpga/2003/14/schedule/15/paragraph/39) (as substituted (with effect in accordance with [Sch. 41 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/41/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 41 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/41/paragraph/1))
[^c23818741]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.8.2004) by [The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2004 (S.I. 2004/1863)](https://www.legislation.gov.uk/uksi/2004/1863), [reg. 1(1)(3)](https://www.legislation.gov.uk/uksi/2004/1863/regulation/1/1/3)
[^c23818751]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.8.2004) by [The Tax Avoidance Schemes (Promoters and Prescribed Circumstances) Regulations 2004 (S.I. 2004/1865)](https://www.legislation.gov.uk/uksi/2004/1865), [reg. 1(1)(3)](https://www.legislation.gov.uk/uksi/2004/1865/regulation/1/1/3)
[^c23818761]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 878(5)](https://www.legislation.gov.uk/ukpga/2005/5/section/878/5), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b)
[^c22806591]: Words in [s. 839(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/8) inserted (28.4.1997) by The Open-ended [Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [reg. 15](https://www.legislation.gov.uk/uksi/1997/1154/regulation/15)
[^c23818791]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (7.4.2005) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 83(9)](https://www.legislation.gov.uk/ukpga/2005/7/section/83/9)
[^c23818801]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(4)(n)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/4/n), [31(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/31/3), [Sch. 3 para. 12](https://www.legislation.gov.uk/ukpga/2005/22/schedule/3/paragraph/12)
[^c23818811]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91D(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/91D/12) (as inserted (with effect in accordance with [Sch. 7 para. 10(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/10/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 10(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/10/4))
[^c23818821]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 17A para. 18A(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/17A/paragraph/18A/6) (as inserted (with effect in accordance with [Sch. 10 para. 16(5)-(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/10/paragraph/16/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 10 para. 14](https://www.legislation.gov.uk/ukpga/2005/22/schedule/10/paragraph/14))
[^c23818771]: Words in [s. 839(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 341](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/341) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23818831]: Words in [s. 839(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2/4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [100](https://www.legislation.gov.uk/uksi/2005/3229/regulation/100)
[^c22806791]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/87/3) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 67(3)](https://www.legislation.gov.uk/ukpga/1989/26/section/67/3) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s.77(6)](https://www.legislation.gov.uk/ukpga/1990/1/section/77/6) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 22 para. 17(6)(a)(ii)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/22/paragraph/17/6/a/ii) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 8(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/8/9) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.2.2001) by [Trustee Act 2000 (c. 29)](https://www.legislation.gov.uk/ukpga/2000/29), [ss. 19(3)](https://www.legislation.gov.uk/ukpga/2000/29/section/19/3), [42(2)](https://www.legislation.gov.uk/ukpga/2000/29/section/42/2); [S.I. 2001/49](https://www.legislation.gov.uk/uksi/2001/49), [art. 2](https://www.legislation.gov.uk/uksi/2001/49/article/2) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (29.7.2002) by [Trustee Act (Northern Ireland) 2001 (c. 14)](https://www.legislation.gov.uk/nia/2001/14), [ss. 19(3)](https://www.legislation.gov.uk/nia/2001/14/section/19/3), [45(1)](https://www.legislation.gov.uk/nia/2001/14/section/45/1); [S.R. 2002/253](https://www.legislation.gov.uk/nisr/2002/253), [art. 2](https://www.legislation.gov.uk/nisr/2002/253/article/2) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5AA para. 4(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5AA/paragraph/4/3) (as inserted (with effect in accordance with [Sch. 9 para. 7](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/3))
[^c23819241]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (23.1.2003 with effect in accordance with s. 57(4)(a) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 16 para. 14(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/16/paragraph/14/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23819251]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied and extended (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 69](https://www.legislation.gov.uk/ukpga/2003/1/section/69), [719](https://www.legislation.gov.uk/ukpga/2003/1/section/719) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23819261]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (with effect in accordance with s. 77 of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 65(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/65/3)
[^c23819271]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 878(6)](https://www.legislation.gov.uk/ukpga/2005/5/section/878/6), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b)
[^c21631261]: Source—1970 s.534
[^c21631271]: Source—1970 s.535; 1973 Sch.21 9; 1987 (No.2) s.73
[^c22806911]: Words in [s. 841(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/841/3) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8), [s. 431(2)](https://www.legislation.gov.uk/ukpga/2000/8/section/431/2), [Sch. 20 para. 4(6)](https://www.legislation.gov.uk/ukpga/2000/8/schedule/20/paragraph/4/6); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c21631371]: Source—1970 s.359; 1973 s.54; 1979(C) Sch.7.
[^c21631381]: 1988(F) s.117(1)(a)*for accounting periods ending after* 5*th April* 1988.
[^c21631391]: 1988(F) s.117(1)(b)*for accounting periods ending after* 5*th April* 1988.*Previously* “that the shares or securities of the company are quoted on the Stock Exchange and”.
[^c21631401]: 1988(F) s.117(1)(c)*for accounting periods ending after* 5*th April* 1988.
[^c21631411]: 1990 s.55*in relation to accounting periods ending on or after* 26*July* 1990.
[^c21631421]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(55)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/55) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22806941]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/8)
[^c22806951]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) substituted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/2/2/a)
[^c22807011]: Words in [s. 842(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/c) substituted (with effect in accordance with [Sch. 38 para. 7(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 7(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/1/2/b)
[^c22806971]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) substituted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/2/2/b)
[^c22806991]: [S. 842(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AA) inserted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/2/3)
[^c22807021]: [S. 842(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1A/a) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 2 para. 12(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/2/paragraph/12/2)
[^c22807031]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/2/a)
[^c22807051]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/2/b)
[^c22807071]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/3/a)
[^c22807091]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/3/b)
[^c22807111]: [S. 842(1AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AB) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/4)
[^c22807141]: Words in [s. 842(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/3/c) repealed (with effect in accordance with Sch. 9 paras. 7, 8 of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2), Note
[^c22807131]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) added (with effect in accordance with Sch. 9 paras. 7, 8(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/7)
[^c23819461]: [S. 842(1AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AC) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 45(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/4)
[^c21631491]: [S. 842A(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/a) substituted (1.4.1993) by [Local Government Finance Act 1992 (c. 14)](https://www.legislation.gov.uk/ukpga/1992/14), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1992/14/section/117/1), [Sch. 13 para. 57](https://www.legislation.gov.uk/ukpga/1992/14/schedule/13/paragraph/57) (with [s. 118(1)(2)(4)](https://www.legislation.gov.uk/ukpga/1992/14/section/118/1/2/4)); [S.I. 1992/2454](https://www.legislation.gov.uk/uksi/1992/2454), [art. 3(1)(a)](https://www.legislation.gov.uk/uksi/1992/2454/article/3/1/a)
[^c21631501]: [1988 c. 41](https://www.legislation.gov.uk/ukpga/1988/41).
[^c21631531]: [1973 c. 65](https://www.legislation.gov.uk/ukpga/1973/65).
[^c22807361]: [S. 842A(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/h) inserted (retrospective to 29.11.1994) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 144](https://www.legislation.gov.uk/ukpga/1995/4/section/144)
[^c22807381]: [1992 c. 19](https://www.legislation.gov.uk/ukpga/1992/19).
[^c22807391]: [S. 842A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/e) repealed (1.4.1995) by [Police and Magistrates' Courts Act 1994 (c. 29)](https://www.legislation.gov.uk/ukpga/1994/29), [s. 94(1)](https://www.legislation.gov.uk/ukpga/1994/29/section/94/1), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/ukpga/1994/29/schedule/9/part/1); [S.I. 1994/3262](https://www.legislation.gov.uk/uksi/1994/3262), [art. 4](https://www.legislation.gov.uk/uksi/1994/3262/article/4), [Sch.](https://www.legislation.gov.uk/uksi/1994/3262/schedule)
[^c22807401]: [S. 842A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/3/a) substituted (1.4.1996) for s. 842A(3)(a)-(c) by [Local Government etc. (Scotland) Act 1994 (c. 39)](https://www.legislation.gov.uk/ukpga/1994/39), [s. 184(2)](https://www.legislation.gov.uk/ukpga/1994/39/section/184/2), [Sch. 13 para. 155(a)](https://www.legislation.gov.uk/ukpga/1994/39/schedule/13/paragraph/155/a); [S.I. 1996/323](https://www.legislation.gov.uk/uksi/1996/323), [art. 4(1)(c)](https://www.legislation.gov.uk/uksi/1996/323/article/4/1/c)
[^c22807421]: Words in [s. 842A(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/3/e) substituted (1.4.1996) by [Local Government etc. (Scotland) Act 1994 (c. 39)](https://www.legislation.gov.uk/ukpga/1994/39), [s. 184(2)](https://www.legislation.gov.uk/ukpga/1994/39/section/184/2), [Sch. 13 para. 155(b)](https://www.legislation.gov.uk/ukpga/1994/39/schedule/13/paragraph/155/b); [S.I. 1996/323](https://www.legislation.gov.uk/uksi/1996/323), [art. 4(1)(c)](https://www.legislation.gov.uk/uksi/1996/323/article/4/1/c)
[^c22807441]: Words in [s. 842A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/a) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(a)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/a); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807461]: Words in [s. 842A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/b) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(b)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/b); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807481]: Words in [s. 842A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/c) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(c)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/c); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807501]: Words in [s. 842A(1)(a)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/a/b/c) repealed (1.4.2002) by [Criminal Justice and Police Act 2001 (c. 16)](https://www.legislation.gov.uk/ukpga/2001/16), [s. 138(2)](https://www.legislation.gov.uk/ukpga/2001/16/section/138/2), [Sch. 6 para. 71](https://www.legislation.gov.uk/ukpga/2001/16/schedule/6/paragraph/71), [Sch. 7 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/2001/16/schedule/7/part/5/1); [S.I. 2002/344](https://www.legislation.gov.uk/uksi/2002/344), [art. 3(k)(m)](https://www.legislation.gov.uk/uksi/2002/344/article/3/k/m)
[^c23819681]: [S. 842A(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/f) substituted (E.W.) (1.10.2004 for E. and 10.11.2004 for W.) by [Fire and Rescue Services Act 2004 (c. 21)](https://www.legislation.gov.uk/ukpga/2004/21), [s. 61](https://www.legislation.gov.uk/ukpga/2004/21/section/61), [Sch. 1 para. 64](https://www.legislation.gov.uk/ukpga/2004/21/schedule/1/paragraph/64); [S.I. 2004/2304](https://www.legislation.gov.uk/uksi/2004/2304), [art. 2](https://www.legislation.gov.uk/uksi/2004/2304/article/2) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2304/article/3)); [S.I. 2004/2917](https://www.legislation.gov.uk/uksi/2004/2917), [art. 2](https://www.legislation.gov.uk/uksi/2004/2917/article/2)
[^c22807181]: [S. 842AA(5A)(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/5A/5B) inserted (retrospectively) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 75(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/75/1)
[^c22807201]: [S. 842AA(6)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/6/ca) inserted (retrospectively) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 75(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/75/2)
[^c22807171]: Words in [s. 842AA(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/2/e) substituted (with effect in accordance with [Sch. 38 para. 7(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 7(1)(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/1/2/c)
[^c22807221]: Word in [s. 842AA(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/14) repealed (with effect in accordance with s. 73(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/1/a), [Sch. 27 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/13), Note 1
[^c22807231]: [S. 842AA(5AA)-(5AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/5AA) inserted (16.6.1999 with effect in accordance with [s. 69(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/5/a) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 69(4)(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/4/5)
[^c22807251]: [S. 842AA(5AD)(5AE)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/5AD/5AE) inserted (with effect in accordance with [Sch. 18 para. 8(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/8/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/8/2)
[^c22807351]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA): power to modify conferred (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 33 paras. 3-12](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/3)
[^c23819761]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA) modified (17.9.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [12(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/12/1), [13(7)(9)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/13/7/9), [14(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/14/1)
[^c22807271]: Words in [s. 842AA(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/2/f) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 57(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/57/2)
[^c22807331]: Words in [s. 842AA(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/5A) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 33 para. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/13)
[^c22807291]: [S. 842AA(11)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/11/za) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 57(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/57/3/a)
[^c22807311]: Words in [s. 842AA(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/11/b) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 57(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/57/3/b)
[^c22806801]: [S. 840A(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/c) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 46(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/46/2)
[^c22806851]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c22806861]: [S.I. 1985/1205 (N.I. 12)](https://www.legislation.gov.uk/nisi/1985/1205).
[^c22806821]: [S. 840A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/2) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 46(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/46/3)
[^c22806871]: [S. 840A(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/ii) substituted (2.7.2002) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2002 (S.I. 2002/1409)](https://www.legislation.gov.uk/uksi/2002/1409), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/1409/article/2/2)
[^c22806891]: [1974 c. 46](https://www.legislation.gov.uk/ukpga/1974/46).
[^c22806901]: [1992 c. 40](https://www.legislation.gov.uk/ukpga/1992/40).
[^c22805651]: Words in [s. 837A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/2) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22805661]: [S. 837A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/5) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c22805601]: [1998 c. 17](https://www.legislation.gov.uk/ukpga/1998/17).
[^c22807511]: Words in [s. 842B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/2) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23818441]: [S. 836B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/836B/2) Table Pt. 3: entry in Column 1 inserted (30.3.2006 with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [2(1)(a)](https://www.legislation.gov.uk/uksi/2006/959/article/2/1/a)
[^c23818461]: [S. 836B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/836B/2) Table Pt. 3: entry in Column 2 inserted (30.3.2006 with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [2(1)(b)](https://www.legislation.gov.uk/uksi/2006/959/article/2/1/b)
[^c21631581]: Source—1970 Sch.2
[^c21631591]: [1952 c.10](https://www.legislation.gov.uk/ukpga/1952/10).
[^c21631621]: Source—1970 Sch.5 1; 1971 Sch.6 80
[^c21631631]: *See* s.656 *ante—purchased life annuities.*
[^c22720871]: Word in [Sch. 3 para. 1(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/1/c) substituted (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/a)
[^c21631641]: Source—1970 Sch.5 2-5
[^c21631651]: [1870 c. 71](https://www.legislation.gov.uk/ukpga/1870/71).
[^c21631661]: *See* s.821*ante—under-deductions of tax from payments made before passing of annual Act.*
[^c21631671]: *See* s.821*ante—under-deductions of tax from payments made before passing of annual Act.*
[^c21631721]: Source—1970 Sch.5 6(a)(b)
[^c21631731]: [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6/2) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631851]: [Sch. 3 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/7) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631881]: [Sch. 3 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/8) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631901]: [Sch. 3 para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/9) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631921]: [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/10) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631941]: Source—1970 Sch.5 11-13.
[^c21631951]: Words in [Sch. 3 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/11) substituted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/4), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631961]: Words in [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/13/1) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(5)(a)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/5/a), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631971]: Words in [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/13/1) substituted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(5)(b)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/5/b), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631981]: Source—1970 Sch.5 6(c), 14
[^c21631691]: [Sch. 3 Pt. III](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/III) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 12(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/12/2/b) [Sch. 3 Pt. III](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/III) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/2/b)
[^c21631751]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631761]: Words in [Sch. 3 para. 6A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/1) substituted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/1), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21631771]: [Sch. 3 para. 6A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/2A) inserted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/2), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21631781]: [Sch. 3 para. 6A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/4) inserted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/3), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21853201]: Word in [Sch. 3 para. 6A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/1) substituted (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(b)(i)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/b/i)
[^c21853221]: [Sch. 3 para. 6A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/4) ceases to have effect (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/b/ii)
[^c21631791]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631801]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631811]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631821]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21853541]: [Sch. 3 para. 6E(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6E/1/3) repealed (with effect in accordance with [s. 103(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/103/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 115(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/11), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c21631831]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631991]: [Sch. 3 Pt. IV](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/IV) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 12(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/12/2/b) [Sch. 3 Pt. IV](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/IV) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/2/b)
[^c21632011]: Source—1970 Sch.12 Pt.III 6; 1987 Sch.15 2(23)
[^c21632021]: [Sch. 3 para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/15/2) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21846671]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846691]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846701]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846721]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847081]: [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/5) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/19/2)
[^c21846741]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846751]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846771]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846781]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846801]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846821]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846841]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632641]: 1989 s. 93*and* Sch. 10 para. 5.
[^c21846851]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846891]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846911]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846931]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632731]: 1989 s.93*and* Sch.10 para.7.
[^c21846951]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846971]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846991]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847011]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847031]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847051]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632821]: 1990 s.56*and* Sch.10 paras.26(3), 29(4)*on and after* 9*June* 1989.
[^c21847071]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632651]: [Sch. 4 para. 11B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/11B) and heading preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 4 paras.3](https://www.legislation.gov.uk/ukpga/1991/31/schedule/4/paragraph/3), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/4/paragraph/5)
[^c21632661]: [Sch. 4 para. 11B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/11B) and heading preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 paras. 3](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/3), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5)
[^c21846871]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632831]: Source—1970 Sch.6; 1973 s.35; 1984 s.48(6)-(9)
[^c21853311]: Words in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23389811]: Words in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389831]: Word in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827391]: Words in [Sch. 5 para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/3) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/1)
[^c21827411]: [Sch. 5 para. 2(4)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/4/a) substituted for para. 2(4)(a)(b) (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/2)
[^c21827431]: [Sch. 5 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/5/6) inserted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/3)
[^c21861361]: [Sch. 5 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/6): definition of "period of account" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23389851]: Words in [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389871]: [Sch. 5 para. 2(3)(a)(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/3/a/4/a/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389911]: [Sch. 5 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/6): definitions of "commencement year" and "qualifying year of assessment" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853331]: Words in [Sch. 5 para. 3(1)(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/1/4/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23389941]: Words in [Sch. 5 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389961]: Words in [Sch. 5 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389981]: Words in [Sch. 5 para. 3(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/9/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390001]: Words in [Sch. 5 para. 3(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/10/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390021]: Words in [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(5)(a)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/5/a/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853351]: Words in [Sch. 5 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/5/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23390041]: Words in [Sch. 5 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/5/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827451]: [Sch. 5 para. 6(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/2) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/4)
[^c21861381]: [Sch. 5 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4): definition of "period of account" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23390061]: Word in [Sch. 5 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390081]: Words in [Sch. 5 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390101]: [Sch. 5 para. 6(2)(a)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/2/a/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390131]: [Sch. 5 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4): definition of "qualifying year of assessment" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853361]: Words in [Sch. 5 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853381]: Words in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23390151]: Words in [Sch. 5 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/5/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390261]: Word in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390221]: Words in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21858781]: Words in [Sch. 5 para. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/9/4) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 76(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/76/2/3)
[^c23390311]: Words in [Sch. 5 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/11) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21633101]: [Sch. 6 Pt. I](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/part/I) substituted (27.7.1993 with effect for the year 1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 70(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/70/1/2)
[^c21632971]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21632981]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c22777951]: Words in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/6) substituted (with effect in accordance with [s. 59](https://www.legislation.gov.uk/ukpga/2000/17/section/59) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 11 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/11/paragraph/1/3)
[^c21632991]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633001]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633011]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633021]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633031]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21873101]: [Sch. 6 para. 9(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/9/c) restricted (6.4.1994 with effect in accordance with reg. 4(2) of the 1994 affecting S.R.) by [Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)](https://www.legislation.gov.uk/ukpga/1992/7), [s. 10(6)(a)](https://www.legislation.gov.uk/ukpga/1992/7/section/10/6/a) (as substituted by [The Social Security (Contributions) (Miscellaneous Amendments) Regulations (Northern Ireland) 1994 (S.R. 1994/94)](https://www.legislation.gov.uk/nisr/1994/94), [reg. 4(1)](https://www.legislation.gov.uk/nisr/1994/94/regulation/4/1))
[^c21633041]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633051]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c22777971]: Words in [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/10) inserted (with effect in accordance with [s. 59](https://www.legislation.gov.uk/ukpga/2000/17/section/59) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 11 para. 1(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/11/paragraph/1/4)
[^c22777921]: [1988 c. 52](https://www.legislation.gov.uk/ukpga/1988/52).
[^c22777931]: [S.I. 1981/154 (N.I. 1)](https://www.legislation.gov.uk/nisi/1981/154).
[^c21633471]: Source—1976 Sch.8 1(1)
[^c21633481]: Source—1976 Sch.8 2
[^c21633491]: Source—1976 Sch.8 3
[^c21633501]: Source—1976 Sch.8 1(2)
[^c21873541]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) substituted (with effect in accordance with [s. 88(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/a)
[^c21873531]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) repealed (with effect in accordance with [s. 88(5)(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/5/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/a), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c22194401]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/41), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c21633511]: Source—1976 Sch.8 4
[^c21633531]: Source—1976 Sch.8 5, 6, 7
[^c21633541]: Words in [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/3/1) added (for year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/3/1)
[^c21633551]: [Sch. 7 paras. 3(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/3/2/3) repealed (for year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 6 para. 3(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/3/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21881821]: [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/4) renumbered as para. 4(1) (with effect in accordance with [s. 45(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/4)
[^c21881841]: [Sch. 7 para. 4(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/4/2) inserted (with effect in accordance with [s. 45(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/4)
[^c22172431]: Words in [Sch. 7 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/1/a) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/2/a)
[^c22172451]: Words in [Sch. 7 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/1/b) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/2/b)
[^c22172471]: [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/2) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/3)
[^c21633581]: [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/6) repealed (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/4), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21633591]: Source—1976 Sch.8 9, 10, 11
[^c21633611]: Source—1976 Sch.8 12-14; 1983 (No.2) s.4
[^c21633621]: Words in [Sch. 7 para. 10(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/10/1/2) repealed (27.7.1993 with effect as mentioned in [s. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/1)
[^c21633641]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21873561]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c21633661]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633671]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633681]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/4), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633691]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by Finance Act [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31), SIF 63:1), s. 27(6), Sch. 6 para.5
[^c21633701]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21873571]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c21633751]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633761]: Words in [Sch. 7 para. 19(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/19/1) inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 19(3)(7)](https://www.legislation.gov.uk/ukpga/1992/48/section/19/3/7)
[^c21633771]: Words in definition of “excess liability” in Sch. 7 para. 19(1) substituted (with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21873581]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c22777991]: Words in [Sch. 8 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/1) repealed (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/2), [Sch. 17 Pt. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/4)
[^c22778051]: Words in [Sch. 8 para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/2) substituted (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/2)
[^c22778011]: Words in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) inserted (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/3)
[^c22778091]: Word in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) repealed (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/3), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/5), Note 6
[^c22778071]: Words in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) inserted (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/3)
[^c22778031]: [Sch. 8 para. 7(4)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/4) inserted (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/4)
[^c22778111]: [Sch. 8 para. 7(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/9) applied (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 5 para. 16(6)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/5/paragraph/16/6)
[^c22778121]: [Sch. 8 para. 7(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/9) applied (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 35(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/35/4)
[^c22778131]: [Sch. 8 para. 8(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/8/a) repealed (with effect in accordance with s. 137(6) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/1), [Sch. 29 Pt. 8(20)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/20), Note
[^c21633901]: *Repealed by* 1989 ss.61*and* 187*and* Schs.4 para.10(2)(a)*and* 17 Part IV.
[^c21633911]: 1989 s.61*and* Sch.4 para.10(2)(b)(i).
[^c21633921]: *Repealed by* 1989 ss.61*and* 187*and* Schs.4 para.10(1), (2)(a)*and* 17 Part IV.
[^c21633941]: 1989 s.61*and* Sch.4 para.10(2)(b)(ii).*Previously* “the base year referred to in sub-paragraph (3) above”.
[^c21633951]: 1989 s.61*and* Sch.4 para.10(2)(b)(iii).*Previously* “must be less than the amount which would produce a distributable pool of 5 per cent. of the standard pay of the employment unit”.
[^c21633961]: 1989 s.61*and* Sch.4 para.10(2)(b)(iv).*Previously* “(6) The references in this paragraph to the standard pay of the employment unit are references to the amount which the scheme employer, at the time when he applies for registration of the scheme, reasonably estimates will be the annual equivalent of the pay, at the beginning of the profit period or first profit period, of the employees to whom the scheme will then relate; and for this purpose an estimate shall (in the absence of evidence to the contrary) be taken to be a reasonable one if it is based on the most recent information available to the employer as to the monthly or annual pay of the relevant employees.”.
[^c21633971]: 1989 s.61*and* Sch.4 para.11.
[^c21633981]: *Repealed by* 1989 ss.61*and* 187, Schs.4 para.10(1)*and* 17 Part IV.
[^c21633991]: *Repealed by* 1989 ss.61*and* 187, Schs.4 paras.10(2)(a), 12*and* 17 Part IV.
[^c21634001]: 1989 s.61*and* Sch.4 para.10(2)(c).*Previously* “must be less than the amount which would produce a distributable pool of 5 per cent. of the standard pay of the employment unit.”.
[^c21634011]: *Repealed by* 1989 ss.61*and* 187, Schs.4 paras.10(2)(a), 12*and* 17 Part IV.
[^c21634021]: 1989 s.61*and* Sch.4 para.13.
[^c21634031]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634041]: 1989 s.61*and* Sch.4 para.14(2).
[^c21634051]: 1989 s.61*and* Sch.4 para.14(3).*Previously* “(f) profit-related pay payable under the scheme;”.
[^c21634061]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634071]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21882051]: [Sch. 8 para. 19(6)(g)-(k)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/g) repealed (with effect in accordance with s. 136(5)-(11) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/2), [Sch. 29 Pt. 8(19)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/19), Note
[^c21882091]: [Sch. 8 para. 19(6)(l)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/l) inserted (with effect in accordance with [s. 136(5)-(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/3)
[^c21882111]: [Sch. 8 para. 19(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6A) inserted (with effect in accordance with [s. 136(5)-(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/4)
[^c22778141]: Words in [Sch. 8 para. 19(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/5/b) inserted (with effect in accordance with [s. 4(2)-(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/1/a)
[^c22778161]: [Sch. 8 para. 19(6)(fg)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/fg) inserted (with effect in accordance with [s. 4(2)-(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/1/b)
[^c21634081]: 1989 s.61*and* Sch.4 para.15.
[^c21634401]: Source—1980 Sch.10 5(b)
[^c21634411]: Source—1980 Sch.10 24
[^c21634421]: Source—1980 Sch.10 6
[^c21634431]: Source—1980 Sch.10 7
[^c21634461]: Source—1980 Sch.10 8; 1986 s.23(3)
[^c21634481]: Words in [Sch. 9 para. 19(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/19/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(2)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/2/6)
[^c22194801]: Words in [Sch. 9 para. 19(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/19/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(4)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/4/a)
[^c21634501]: Source—1980 Sch.10 9
[^c21634511]: Words in [Sch. 9 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/20) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(2)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/2/6)
[^c21634521]: Source—1980 Sch.10 10; 1986 s.25(4), (8), (9)
[^c21634531]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21634541]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c22172601]: Word in [Sch. 9 para. 21(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/1) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/1), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 2
[^c22172611]: [Sch. 9 para. 21(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/1/f) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/1)
[^c22172631]: [Sch. 9 para. 21(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/2)
[^c21634551]: Source—1980 Sch.10 11
[^c21634561]: Source—1980 Sch.10 12; 1986 s.25(5)
[^c21634641]: Source—1980 Sch.10 13(1)
[^c21634651]: Source—1980 Sch.10 13(2), (3); 1984 s.39(5)
[^c21634661]: Figure in Sch. 9 para. 24(2)(a) substituted (01.09.1991) by virtue of [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 40(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/40/1); [S.I. 1991/1741](https://www.legislation.gov.uk/uksi/1991/1741), [art.2](https://www.legislation.gov.uk/uksi/1991/1741/article/2).
[^c21634671]: Source—1980 Sch.10 14
[^c21634681]: 1989 s.62(3).*Previously* “90 per cent.”.
[^c21634691]: Source—1980 Sch.10 20; 1984 s.39(6); 1986 s.25(7)
[^c21634701]: Source—1980 Sch.10 21; 1986 s.25(6)
[^c21884141]: Words in [Sch. 9 para. 26(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/26/1/a) substituted (with effect in accordance with [s. 137(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/2)
[^c22172651]: Words in [Sch. 9 para. 26(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/26/3) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/3)
[^c21634711]: Source—1984 Sch.10 4(1)(a), (2)
[^c21634721]: Source—1984 Sch.10, 12
[^c21634731]: Source—1984 Sch. 10 15(1)
[^c21884161]: Words in [Sch. 9 para. 27(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/27/4) repealed (with effect in accordance with s. 137(7)(8) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/3), [Sch. 29 Pt. 8(20)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/20), Note
[^c21634741]: Source—1984 Sch. 10 5
[^c22172671]: Words in [Sch. 9 para. 28(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/1) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/2/a)
[^c22180711]: [Sch. 9 para. 28(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/2/4) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/2/b), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 3
[^c22181421]: [Sch. 9 para. 28(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/3) applied (with effect in accordance with Sch. 16 para. 1 of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 16 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/2/2)
[^c21634761]: [S. 29](https://www.legislation.gov.uk/ukpga/1988/1/section/29) substituted (1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 39(1)(7)](https://www.legislation.gov.uk/ukpga/1991/31/section/39/1/7)
[^c22180741]: [Sch. 9 para. 29(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/29/1) substituted for para. 29(1)-(6) (with effect in accordance with [s. 114(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/3)
[^c22194581]: [Sch. 9 para. 29(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/29/8) repealed (with effect in accordance with s. 114(10) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 3
[^c22210601]: Words in [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c21635981]: Source—1977 Sch.7 4(1), (2), (5)
[^c21635991]: 1989 s.42(5)*for* 1989-90*and subsequent years of assessment. Previously* “emoluments from the relevant employment in respect of which such a deduction is allowed for the year of assessment”.
[^c22194411]: Words in [Sch. 12 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/2/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 42](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/42), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22210611]: Words in [Sch. 12 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/2/1) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c21636021]: Source—1977 Sch.7 1(2), (3), (4)
[^c22210621]: Words in [Sch. 12 para. 3(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/1/3) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22210671]: Words in [Sch. 12 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2/a) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/a/i)
[^c22210681]: Words in [Sch. 12 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2/b) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/a/ii)
[^c22217711]: [Sch. 12 para. 3(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2A) repealed (with effect in accordance with s. 63(5)-(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/11), Note
[^c21636061]: Source—1977 Sch.7 6-8
[^c21636071]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22210651]: Words in [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22210701]: Words in [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(b)(i)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/b/i)
[^c22210721]: Words in [Sch. 12 para. 5(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5/a/b) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/b/ii)
[^c22210661]: Words in [Sch. 12 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/6) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22217791]: [Sch. 12 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/7) repealed (with effect in accordance with s. 63(5)-(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/11), Note
[^c21635961]: [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) and crossheading inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 54(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/54/1/2)
[^c21635971]: [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) and crossheading inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 54(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/54/1/2)
[^c22210591]: Words in [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22245981]: Words in [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 15](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/15)
[^c21636121]: *See* s.250—*returns in connection with stock dividends.*
[^c21892291]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21868081]: [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/2)
[^c21868101]: [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/3)
[^c22733991]: [Sch. 13 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1/b) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734011]: Words in [Sch. 13 para. 1(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1/c) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22733971]: Words in [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/c), [Sch. 8 Pt 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734031]: Words in [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/3/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734071]: [Sch. 13 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4/b) and preceding word repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/3/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21636141]: *For rates of corporation tax see* Tables K*and* L*in* Vol.1.
[^c21868121]: [Sch. 13 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/4)
[^c21868141]: [Sch. 13 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/5/6) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/5)
[^c21892311]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21890981]: Words in [Sch. 13 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/2) renumbered as para. 2(2)(a) (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/2)
[^c21891001]: [Sch. 13 para. 2(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/2/b/c) inserted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/2)
[^c22734211]: Words in [Sch. 13 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1) substituted (with effect in accordance with [Sch. 6 para. 16(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/13) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/a/i)
[^c22734231]: [Sch. 13 para. 2(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1/d) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/a/ii), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734251]: Words in [Sch. 13 para. 2(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/4) substituted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/2)
[^c22734271]: [Sch. 13 para. 2(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/4A) inserted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/3)
[^c22734301]: [Sch. 13 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/5/6) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21868161]: Words in [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/1) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/6/a)
[^c21868181]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(6)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/6/b)
[^c21892321]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21891021]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 3(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/3/a)
[^c21891041]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 3(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/3/b)
[^c22734321]: Words in [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/1) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/5/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734341]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/5/b), [Sch 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21868221]: Words in [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/2) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/8)
[^c22734381]: Words in [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/2) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/7), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734401]: [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/3) substituted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/4)
[^c21891121]: Words in [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/5) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/5)
[^c21868301]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(11)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/11)
[^c21891161]: [Sch. 13 para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/2)
[^c21891181]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) inserted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/3)
[^c21891201]: [Sch. 13 para. 7(3A)(4)(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3A/4/4A/4B) substituted for para. 7(4) (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/4)
[^c22734461]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para 16(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/10), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21892331]: [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/8) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21891241]: Words in [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/8) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/9)
[^c21892341]: [Sch. 13 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/10) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21636151]: 1989 s.149(3)(c)—*not to affect the making of assessments before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “sections 36 and 39”.
[^c22778541]: [Sch. 13 paras. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3A), [3B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3B) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/6), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22778551]: [Sch. 13 paras. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3A), [3B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3B) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/6), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734421]: [Sch. 14 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/4A) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/8), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734441]: [Sch. 13 para. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/6A) repealed (with effect in accordance with Sch. 6 para 16(13) of the repealing Act) by [Finance Act (No. 2) 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/9), [Sch. 8 Pt 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734521]: [Sch 13 para. 9A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/9A) repealed (with effect in accordance with Sch. 6 para. 16(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/11), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21892361]: [Sch. 13 para. 7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7A) applied (with modifications) (1.7.1997 with effect in accordance with reg. 6(2) of the amending instrument the appointed day being 1.7.1997 ([S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173) art. 2)) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21636161]: Source—1976 Sch.4 8, 9, 10
[^c23403061]: Words in [Sch. 14 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/1) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/2/a)
[^c23403041]: [Sch. 14 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/1/b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/2/b)
[^c21636791]: Source—1970 s.337(1)(b); 1985 s.41(7)(a)
[^c21636951]: *See* S.I.[1989 No.1343](https://www.legislation.gov.uk/ukcm/1989/1343)(N.I.14) Art.10(2)*and* Sch.1 para.38(3)*for construction in the case of a solicitor who is a member of a recognised body.*
[^c22783731]: [Sch. 15 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/21) restricted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(1)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/1/9) (with [s. 55(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/2/3)) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1))
[^c21637061]: Source—1975 Sch.2 1; 1987 Sch.15 7
[^c21637071]: Source—1970 Sch.1 11(1); 1975 Sch.2 2(1); 1976 s.33(1); 1978 Sch.3 13(1)(a), (b)
[^c21637081]: Source—1970 Sch.1 11(2); 1975 Sch.2 2(2); 1976 s.33(2); 1978 Sch.3 13(1)(b)
[^c21637091]: Source—1970 Sch.1 11(3)
[^c23820761]: [Sch. 15 para. 22(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/22/3/c) and preceding word inserted (partly retrospective, and otherwise with effect in accordance with [s. 87(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 87(3)(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/3/4/6)
[^c23821161]: Words in [Sch. 15 para. 25(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21637181]: [Sch. 16 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/2/2/a) modified by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 3(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/3/1)
[^c22737481]: Words in [Sch. 16 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 23 para. 11(a)
[^c22737521]: Words in [Sch. 16 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 23 para. 11(b)
[^c22737621]: Words in [Sch. 16 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/1) repealed (with effect in accordance with s. 91(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/2/a), [Sch. 20 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/19), Note
[^c22737641]: [Sch. 16 para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/3) repealed (with effect in accordance with s. 91(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/2/b), [Sch. 20 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/19), Note
[^c21637211]: [Sch. 16 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/5) restricted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/4/1/2)
[^c22737541]: [Sch. 16 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/5) restricted (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(1)(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/1/7) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21637221]: *See* s.341—*payments of interest between related companies.*
[^c22737701]: Words in [Sch. 16 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/6/5) substituted (S.) (30.12.2002) by Debt Arrangement and Attachment (Scotland) Act 2002 (asp17), s. 64(2), sch. 3 para. 19
[^c22737581]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/13)
[^c22737661]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 91(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(3)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/3/a)
[^c22737681]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 91(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(3)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/3/b)
[^c21637231]: 1989 s.149(3)(d)—*not to affect the making of assessments before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “sections 36 and 37”.
[^c21637151]: [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) modified by [S.I. 1991/512](https://www.legislation.gov.uk/uksi/1991/512), [reg.3](https://www.legislation.gov.uk/uksi/1991/512/regulation/3) [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) excluded (22.3.1992) by [S.I. 1992/569](https://www.legislation.gov.uk/uksi/1992/569), [reg. 13(2)(d)](https://www.legislation.gov.uk/uksi/1992/569/regulation/13/2/d) [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) applied (with modifications) (24.9.1992) by [S.I. 1992/2074](https://www.legislation.gov.uk/uksi/1992/2074), [reg. 14(5)](https://www.legislation.gov.uk/uksi/1992/2074/regulation/14/5) [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(3)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/3)
[^c21637161]: *See*—1970(M) s.55—*recovery of tax not in dispute.*1970(M) s.87—*interest on overdue ACT.*1988 s.339—*donations to charity.*1988 s.341—*payments of interest etc between related companies.*1988 s.479—*interest paid on deposits with banks etc.* (*but ceases to have effect as regards interest paid or credited on or after* 6*April* 1991).1988 s.480A—*relevant deposits: deduction of tax from interest payments.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1988 No.482](https://www.legislation.gov.uk/ukcm/1988/482) (*in* Part III Vol.5) regn. 7—*Building Society Regulations.*
[^c21637171]: Source—1972 Sch.20
[^c22737611]: [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) applied (with modifications) (1.7.1997) by [The Manufactured Interest (Tax) Regulations 1997 (S.I. 1997/992)](https://www.legislation.gov.uk/uksi/1997/992), [reg. 3](https://www.legislation.gov.uk/uksi/1997/992/regulation/3)
[^c21637241]: Source—1987 (No.2) Sch.4
[^c22742631]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637391]: *See* 1990 s.32(12)(b).*Reference to* “section 413(7) to (9)” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637401]: 1989 s.101(2)*from* 27*July* 1989;*from* 14*March* 1989*for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.*Previously* “(b) do not carry any right either to conversion into shares or securities of any other description or to the acquisition of any additional shares or securities;”.
[^c22744671]: [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5) applied (with modifications) (1.5.1995) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 153(11A)](https://www.legislation.gov.uk/ukpga/1993/34/section/153/11A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/4/4))
[^c21637411]: 1989 s.101(3)*from* 27*July* 1989;*from* 14*March* *for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.*Previously* “(a) which does not carry any right either to conversion into shares or securities of any other description or to the acquisition of additional shares or securities;”.
[^c21637421]: 1989 s.101(4)*from* 27*July* 1989;*from* 14*March* 1989*for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.
[^c21637431]: [Sch. 18 para. 1(5E)-(5I)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E) inserted (1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 77(1)-(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/77/1)
[^c21637471]: *See* s.291(6)—para.1*applied for purposes of business expansion scheme.*
[^c22746131]: Word in [Sch. 18 para 1(5C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5C/c) substituted (with effect in accordance with [Sch. 38 para. 6(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(k)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/k)
[^c22750151]: Words in [Sch. 18 para. 1(3)(d)(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/3/d/5/c) substituted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/2) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22750181]: Words in [Sch. 18 para. 1(5E)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E/a) inserted (with application in accordance with [s. 86(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2/a)
[^c22750201]: Words in [Sch. 18 para. 1(5E)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E/b) inserted (with application in accordance with [s. 86(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2) of the amending Act) (by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2/b)
[^c22750221]: Words in [Sch. 18 para 1(6)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/iii) substituted (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/68/2) of the amending Act) by [Finance Act 2000 (c.17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 6](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/6)
[^c22751751]: Words in [Sch. 18 para. 1(6)(b)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/i/ii) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 63(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/63/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751781]: Words in [Sch. 18 para. 1(6)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/iii) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 63(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/63/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22742651]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637481]: *See* 1990 s.32(12)(b).*Reference to* “section 413(7) to 9” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750241]: [Sch. 18 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1A) inserted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/3) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22742661]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637491]: *See* 1990 s.32(13)(b).*Reference to* “section 413(7) to 9” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637501]: *See* s.291(6)—para.3*applied for purposes of business expansion scheme.*
[^c22742671]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637511]: *See* 1990 s.32(12)(b).*References to* “section 413(7) to (9)” *construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637521]: *See* 1990 s.32(12)(b).*References to* “section 413(7) to (9)” *construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750261]: [Sch. 18 para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/5) inserted (with effect in accordance with [Sch. 27 para 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/4) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c21637531]: [Sch. 18 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A) substituted (16.7.1992 or as mentioned in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6) of the amending Act) for para. 5(5) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6)
[^c22742771]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637601]: *See* 1990 s.32(12)(b):*references to* “section 413(7) to (9)” *and to* section 413(7)*construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750681]: Words in [Sch. 18 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/6) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c21637621]: *See* 1990 s.32(12)(b):*references to* “section 413(7) to (9)” *and to* section 413(7)*construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22742781]: Words in [Sch. 18 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1/b) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/b)
[^c21637631]: *See* 1990 s.32(12)(d). Para 7(1)(b)*omitted where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637281]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (E.W.S) (16.1.1992) by [S.I. 1992/58](https://www.legislation.gov.uk/uksi/1992/58), [art. 35(5)](https://www.legislation.gov.uk/uksi/1992/58/article/35/5) [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 170(8)](https://www.legislation.gov.uk/ukpga/1992/12/section/170/8), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 228(10)](https://www.legislation.gov.uk/ukpga/1992/12/section/228/10), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21637291]: Source—1973 Sch. 12 Pt. I; 1973 s. 32(6); 1987 Sch. 15 5
[^c21637301]: *See*—s.240(13)—*application of* Sch.18*for purposes of* s.240—*set-off of surplus ACT.*[s.247(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/247/9A)—*application of* Sch.18*for purposes of.*[s.247(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/247/8A), (9)(c)—*dividends etc. paid by one member of a group to another.*[s.769(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6C)—*application of* Sch.18*for purposes of.*[s.769(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6B)—*rules for ascertaining change in ownership of company.*1990 s.32(12)—*application of* Sch.18*for relief for disposal of shares to employee share ownership trusts.*
[^c21637541]: [Sch. 18 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A) substituted (16.7.1992 or as mentioned in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6) of the amending Act) for para. 5(5) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6)
[^c22742691]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c22743281]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17/2)
[^c22742841]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/16) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22744711]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (19.7.1995) by [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24), [s. 7(2)](https://www.legislation.gov.uk/ukpga/1995/24/section/7/2)
[^c22744731]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/8/2)
[^c22746171]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 20(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/20/2) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21637551]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c23821851]: Words in [Sch. 18 para. 5B(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B/4/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 121(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/121/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23821871]: [Sch. 18 para. 5B(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B/4A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 121(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/121/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21637561]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742711]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637571]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742731]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637581]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742751]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c22750941]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied by [Finance Act 1930 (c. 28)](https://www.legislation.gov.uk/ukpga/1930/28), [s. 42(5)](https://www.legislation.gov.uk/ukpga/1930/28/section/42/5) (as added (with effect in accordance with s. 123(7) of the 2000 amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 123(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/123/6))
[^c22750971]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with s. 98(2) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 28 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/28/paragraph/5/4)
[^c22752471]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 7AC para. 8(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/8/2) (as inserted (with application in accordance with s. 44(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/1))
[^c22752491]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 53](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/53)
[^c23821811]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with s. 31 of the affecting Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 3 para. 10(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/3/paragraph/10/5)
[^c23821821]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 15(5)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/15/5/6)
[^c23821831]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 519(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/519/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c23821841]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 772](https://www.legislation.gov.uk/ukpga/2009/4/section/772) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21637641]: Source—1972 Sch. 16 8(1); 1980 Sch. 9 1
[^c21637651]: *See*—1976(D) s.34 and Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.1988 s.127—*enterprise allowance.*
[^c21637661]: Source—1972 Sch. 16 8(2)
[^c21637671]: Source—1972 Sch.16 8(3)-(5); 1978 Sch.5 1
[^c21637681]: Source—1972 Sch.16 9(1)
[^c21637691]: *See* 1976(D) s.34*and* Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21637701]: Source—1972 Sch.16 9(2); 1980 Sch.9 2
[^c21637721]: Source—1972 Sch.16 9(3); 1978 s.35(1)]
[^c21637731]: Source—1972 Sch.16 9(4); 1978 s.35(2)]
[^c21637741]: Source—1972 Sch.16 9(5), (6)
[^c21637751]: Source—1972 Sch.16 10(1); 1975 (No.2) Sch.8 4
[^c21637761]: Source—1982 s.56(1)
[^c21637771]: Source—1972 Sch.16 10(1)
[^c21637781]: Source—1972 Sch.16 10A; 1973 Sch.9 3
[^c21637791]: Source—1972 Sch.16 10(2); 1980 Sch.9 3
[^c21637801]: *See* 1976(D) s.34*and* Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21637811]: *See* ss.539*and* 547—*certain gains under life policies.*
[^c21637821]: Source—1972 Sch.16 10(3); 1978 s.35(3); 1980 s.44(2)
[^c21637831]: *See* ss.539*and* 547—*certain gains under life policies.*
[^c21637841]: Source—1972 Sch.16 10(4), (4A); 1980 Sch.9 4
[^c21637851]: Source—1972 Sch.16 10(5); 1980 Sch.9 5
[^c21637861]: Source—1972 Sch.16 10(6)
[^c21637871]: Source—1972 Sch.16 10(7)
[^c21637881]: Source—[1972 Sch.16 10(8)(a)]
[^c21637891]: Source—[1972 Sch.16 10(8)(b), (c); 1985 Sch.25 9]
[^c21637901]: Source—[1972 Sch.16 10(9); 1980 Sch.9 6; 1987 Sch.15 4]
[^c21637911]: Source—[1972 Sch.16 11]
[^c21637921]: *See* 1974 s.44(4)*and* Sch.7 para.4(2)—*development gains.*
[^c21637931]: *See*—s.623(2)—*definition of “investment income” applied for purposes of retirement annuities.*[s.745(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/4)—*definition of “trading company” applied for purpose of* Ch.III Part XVIII (*transfer of assets abroad*).
[^c21637941]: Source—[1972 Sch.16 12(1); 1973 Sch.9 4(2), (4)]
[^c21637951]: Source—[1972 Sch.16 12(2)]
[^c21637961]: Source—[1972 Sch.16 12(2A); 1973 Sch.9 4(3)]
[^c21637971]: Source—[1972 Sch.16 12(2B); 1982 s.56(2)]
[^c21637981]: Source—[1972 Sch.16 12(3)]
[^c21637991]: Source—[1972 Sch.16 12A; 1978 Sch.5 2]
[^c21638001]: Source—[1972 Sch.16 13(1); 1980 Sch.9 7]
[^c21638011]: *See* 1976(D) s.34*and* Sch.6 para.9(8)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21638021]: Source—[1972 Sch.16 13(2)]
[^c21638031]: Source—[1972 Sch.16 13(3)]
[^c21638041]: [Sch.7 para.36(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/8) Copyright, Designs and Patents Act 1988*from* 1*August* 1989—*commencement order* S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816) (*not reproduced*).*Previously* “*tangible property or of copyright in a literary, dramatic, musical or artistic work within the meaning of the Copyright Act* 1956 (*or any corresponding right under the law of a country to which that Act does not extend*)”.
[^c21638051]: Source—[1956 c. 74](https://www.legislation.gov.uk/ukpga/1956/74).
[^c21638061]: [1956 c.74](https://www.legislation.gov.uk/ukpga/1956/74)
[^c21638071]: Source—[1972 Sch.16 13(4), (5)]
[^c21638081]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21638091]: Source—[1972 Sch.16 14; 1975 (No.2) Sch.8 3(3)]
[^c21638101]: Source—[1975 (No.2) Sch.8 3(4).]
[^c21638111]: *Repealed by* 1989 s.187*and* Sch.17 Part V*but* Part I*continues to have effect where the subsequent distribution referred to in* 1988 s.427(4)*is made before* 1*April* 1992.
[^c21638121]: Source—[1972 Sch.16 15-20; 1976 s.44(3); 1987 (No.2) s.61(5), (6)]
[^c21638131]: [Sch.19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19)*repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989 (*except paragraph* 17*which repeal has effect on and after* 27*July* 1989).
[^c21638141]: [Sch.19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19)*repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989 (*except paragraph* 17*which repeal has effect on and after* 27*July* 1989).
[^c22765661]: Words in [Sch. 19AA para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/1/2) inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 33](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/33)
[^c21638161]: See 1990 s. 42 and Sch.7 para.10(2) regarding treatment of assets in relation to the first period of account of an insurance company
[^c22754751]: Words in [Sch. 19AA para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/3/c) substituted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 3](https://www.legislation.gov.uk/uksi/1994/3278/article/3)
[^c22768981]: Words in [Sch. 19AA para. 2(1)(b)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/1/b/2/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/i)
[^c22769061]: Words in [Sch. 19AA para. 2(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/3/d) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(m)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/m/i)
[^c22769081]: Words in [Sch. 19AA para. 3(1)(a)(2)(a)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/3/1/a/2/a/3/a) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/ii)
[^c22754771]: [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) substituted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 4(1)](https://www.legislation.gov.uk/uksi/1994/3278/article/4/1)
[^c22754811]: [Sch. 19AA para. 4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/3/4) inserted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 4(3)](https://www.legislation.gov.uk/uksi/1994/3278/article/4/3)
[^c22768791]: [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1): definition of "B" substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(2)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/2)
[^c22768811]: [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(3)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/3)
[^c22768831]: [Sch. 19AA para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/5) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(4)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/4)
[^c22768851]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22769111]: Words in [Sch. 19AA para 4(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1/2/5) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/iii)
[^c22769141]: Words in [Sch. 19AA para 4(2)(a)(b)(4)(b)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2/a/b/4/b/5) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(m)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/m/ii)
[^c23822201]: Words in [Sch. 19AA para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/5) substituted (with effect in accordance with [Sch. 33 para. 28](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/28) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 27](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/27)
[^c23822381]: Words in [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 7(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/7/2)
[^c23822401]: Words in [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 7(3)](https://www.legislation.gov.uk/uksi/2005/3465/article/7/3)
[^c23822431]: Words in [Sch. 19AA para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/5) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 7(4)](https://www.legislation.gov.uk/uksi/2005/3465/article/7/4)
[^c22754831]: Words in [Sch. 19AA para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/a) inserted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 5(a)](https://www.legislation.gov.uk/uksi/1994/3278/article/5/a)
[^c22765681]: Words in [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/8)
[^c22767831]: [Sch. 19AA para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 31](https://www.legislation.gov.uk/uksi/1997/473/regulation/31)
[^c22769591]: [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [19](https://www.legislation.gov.uk/uksi/1998/1871/regulation/19)
[^c22768861]: Words in [Sch. 19AA para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/a) substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(2)(a)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/2/a)
[^c22768881]: [Sch. 19AA para. 5(5)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/c) substituted for para. 5(5)(c)-(g) (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(2)(b)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/2/b)
[^c22768901]: [Sch. 19AA para. 5(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/6A) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(3)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/3)
[^c22768921]: [Sch. 19AA para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/7) omitted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by virtue of [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(4)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/4)
[^c23822221]: Words in [Sch. 19AA para. 5(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23822341]: [Sch. 19AA para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [25](https://www.legislation.gov.uk/uksi/2005/2014/regulation/25); and that modifying reg. 25 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2007/2134/regulation/23)
[^c23822331]: [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [17](https://www.legislation.gov.uk/uksi/2004/2680/regulation/17); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23822241]: [Sch. 19AA para. 5(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5A) inserted (31.12.2004 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2004 (S.I. 2004/3275)](https://www.legislation.gov.uk/uksi/2004/3275), [art. 3(2)](https://www.legislation.gov.uk/uksi/2004/3275/article/3/2)
[^c23822371]: [S.I. 1995/3237](https://www.legislation.gov.uk/uksi/1995/3237)
[^c23822261]: Words in [Sch. 19AA para. 5(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/6A) inserted (31.12.2004 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2004 (S.I. 2004/3275)](https://www.legislation.gov.uk/uksi/2004/3275), [art. 3(3)](https://www.legislation.gov.uk/uksi/2004/3275/article/3/3)
[^c21638621]: [Sch. 19A para. 1(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/1/1/3): s. 451(1) (with s. 451(1A) and Sch. 19A para. 1(1)(3)) power exercised by [S.I.1991/851](https://www.legislation.gov.uk/uksi/1991/851).
[^c21638631]: *Repealed by* S.I. [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(2)(a)*coming into force* 2*January* 1991 for 1988-89*and subsequent years.*
[^c21638641]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(2)(b)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638661]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(3)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638671]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 4*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638681]: [Sch. 19A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) amended for the year of assessment 1988-89 by [S.I. 1991/851](https://www.legislation.gov.uk/uksi/1991/851), [reg. 5(2)](https://www.legislation.gov.uk/uksi/1991/851/regulation/5/2). [Sch. 19A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) modified (28.3.1992 with effect for the year of assessment 1989-1990 only) by [S.I. 1992/511](https://www.legislation.gov.uk/uksi/1992/511), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1992/511/regulation/1/1), [5(2)](https://www.legislation.gov.uk/uksi/1992/511/regulation/5/2)
[^c21638691]: [Sch. 19A paras. 2A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2A), [2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) inserted by [S.I. 1990/2524](https://www.legislation.gov.uk/uksi/1990/2524)
[^c21638701]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 5*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638711]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638731]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638751]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638761]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638781]: 1989 s.149(6)(4)(a)(iii)—*not to affect assessments before* 1983-84 or*accounting periods before* 1*April* 1983.*Previously* “37, 40 and 41” *and* “fraud, wilful default or neglect”.
[^c21638801]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638811]: *Repealed by* 1989 s.187*and* Sch.17 Part VIII.
[^c21638821]: *Repealed by* S.I. [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(5)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638831]: 1988(F) s.58*for* 1988-89*and subsequent years.*
[^c21638841]: Source—[1986 c. 60](https://www.legislation.gov.uk/ukpga/1986/60) Sch. 7 Pts. II—IV.
[^c21638851]: [1961 c. 62](https://www.legislation.gov.uk/ukpga/1961/62).
[^c21638881]: [1960 c. 58](https://www.legislation.gov.uk/ukpga/1960/58).
[^c21638891]: Words in [Sch. 20 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3) inserted (1.8.1993) by [1993 c. 10](https://www.legislation.gov.uk/ukpga/1993/10), [ss. 98(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/98/1), [99(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/99/1), [Sch. 6 para. 25(a)](https://www.legislation.gov.uk/ukpga/1993/10/schedule/6/paragraph/25/a)
[^c21638901]: [1964 c. 33 (N.I.)](https://www.legislation.gov.uk/apni/1964/33).
[^c22767671]: Word in [Sch. 20 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/5) substituted (with effect in accordance with [Sch. 38 para. 6(11)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(l)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/l)
[^c22769511]: Words in [Sch. 20 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/6) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 50](https://www.legislation.gov.uk/uksi/2001/3629/article/50)
[^c22767681]: Words in [Sch. 20 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/7/1) substituted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/5))
[^c22767701]: [Sch. 20 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/7/3) inserted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/3)
[^c23823921]: Words in [Sch. 20 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 347(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/347/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21638921]: [Sch. 20 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3A) inserted (1.9.1992) by [Charities Act 1992 (c. 41)](https://www.legislation.gov.uk/ukpga/1992/41), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1992/41/section/78/1), [Sch. 6 para. 17](https://www.legislation.gov.uk/ukpga/1992/41/schedule/6/paragraph/17); [S.I. 1992/1900](https://www.legislation.gov.uk/uksi/1992/1900), [art. 2(1)](https://www.legislation.gov.uk/uksi/1992/1900/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/1992/1900/schedule/1)
[^c21638931]: Words in [Sch. 20 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3A) inserted (1.8.1993) by [1993 c. 10](https://www.legislation.gov.uk/ukpga/1993/10), [ss. 98(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/98/1), [99(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/99/1), [Sch. 6 para. 25(b)](https://www.legislation.gov.uk/ukpga/1993/10/schedule/6/paragraph/25/b)
[^c22767731]: [Sch. 20 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10) renumbered as para. 10(1) (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/4)
[^c22767721]: Words in [Sch. 20 para 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10) substituted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/5)
[^c22767751]: [Sch. 20 para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10/2) inserted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/4)
[^c21638961]: Words in [Sch. 20 para. 12(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/12/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(59)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/59) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21638991]: Source—[1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53), [Sch.12 Pt.II](https://www.legislation.gov.uk/ukpga/1986/53/schedule/12/part/II)
[^c21639001]: *For regulations see* Part III Vol.5 (*under “Pension scheme surpluses: valuation”*).
[^c21639031]: *See* S.I.[1989 No.2290](https://www.legislation.gov.uk/ukcm/1989/2290), regn.10(5)*in* Part III Vol.5.
[^c21639041]: [Sch. 22 para. 7(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7/3/d) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 271(10)](https://www.legislation.gov.uk/ukpga/1992/12/section/271/10), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639051]: Words in [Sch. 22 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(60)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/60) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639061]: *See* S.I.[1989 No.2290](https://www.legislation.gov.uk/ukcm/1989/2290), regn.10(5)*in* Part III Vol.5.
[^c23824151]: Words in [Sch. 22 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7/3/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 348(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/348/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23824191]: [Sch. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22) excluded (3.8.2005 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/1907/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/2005/1907/regulation/10)
[^c21639071]: Source—1987 (No. 2) c. 51, Sch.3 Pt. II
[^c21639081]: 1988(F) s.56.*Previously* “(2) The Board may by regulations provide that this Schedule, or any provision of it, shall not apply in relation to a scheme or to an employee—(a) in circumstances prescribed in the regulations; (b) in any case where in the opinion of the Board the facts are such that it would be appropriate for this Schedule, or the provision in question, not to apply.” *For regulations see* Part III Vol.5*under “Retirement Benefit Schemes: transitional provisions”*.
[^c21639091]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied and when* para.2*modified.*
[^c21639101]: *For regulations see* Part III Vol.5 (*under “Retirement benefit schemes: maximum lump sum”*).
[^c21639111]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639121]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639131]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639141]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4*and* 5(2), 5(3), 6*and* 7*disapplied, and when* paras.5(3), (4)*modified.*
[^c21639161]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4*and* 5(2), 5(3), 6*and* 7*disapplied, and when* paras.5(3), (4)*modified.*
[^c21639171]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639181]: *Repealed by* 1989 ss.75*and* 187*and* Sch.6 paras.17*and* 18(10)*and* Sch.17 Part IV.
[^c23317471]: Words in [Sch. 24 para. 2(3A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/3A/b/ii) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317691]: Words in [Sch. 24 para. 4(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(6)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/6/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317711]: [Sch. 24 para. 4(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(6)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/6/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322061]: Words in [Sch. 25 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 26](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/26); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639531]: *Repealed by* 1990 s.67(3)(a)*and* s.132*and* Sch.19 Part IV*in relation to dividends paid on or after* 20*March* 1990.
[^c21639541]: 1990 s.67(3)(b)*in relation to dividends paid on or after* 20*March* 1990.
[^c23319631]: Words in [Sch. 25 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/i)
[^c23319591]: Words in [Sch. 25 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1) repealed (with application in accordance with s. 134(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(ii)(v)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/ii/v), [Sch. 26 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/15), Note
[^c23319651]: Words in [Sch. 25 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/b) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/iii)
[^c23319671]: Words in [Sch. 25 para. 2(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/d) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(iv)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/iv)
[^c23319621]: [Sch. 25 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/2) repealed (with application in accordance with s. 134(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/b), [Sch. 26 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/15), Note
[^c23319701]: [Sch. 25 para. 2(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/3/3A) substituted for para. 2(3) (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/c)
[^c23319781]: Words in [Sch. 25 para. 2(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/d) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/2/a)
[^c23319811]: Words in [Sch. 25 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/6) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/2/b)
[^c23322811]: [Sch. 25 para. 2(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1B) inserted (with application in accordance with [s. 88(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/88/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/88/1)
[^c23323251]: Words in [Sch. 25 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1A) added (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/2)
[^c23319741]: [Sch. 25 para. 3(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/4A) inserted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/4/a)
[^c23319761]: Words in [Sch. 25 para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/5) inserted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/4/b)
[^c23319991]: [Sch. 25 para. 3(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/1) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/4/a), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23320051]: Words in [Sch. 25 para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/5) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/4/b), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23322241]: Words in [Sch. 25 para. 3(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/4A/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 28](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/28); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639551]: *Repealed by* 1990 s.67(3)(a)*and* s.132*and* Sch.19 Part IV*in relation to dividends paid on or after* 20*March* 1990.
[^c21639561]: 1990 s.67(3)(c)*in relation to dividends paid on or after* 20*March* 1990.
[^c23323321]: Words in [Sch. 25 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/1) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/4)
[^c23323341]: Words in [Sch. 25 para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/1A) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/5)
[^c23323361]: Words in [Sch. 25 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/2) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/6)
[^c23319831]: Words in [Sch. 25 para. 2A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/1) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/a), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23319971]: Words in [Sch. 25 para. 2A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/5/c) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/b)
[^c23319951]: [Sch. 25 para. 2A(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/6/7) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/c), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23322141]: Words in [Sch. 25 para. 2A(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/2/a/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322161]: Words in [Sch. 25 para. 2A(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/2/a/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322181]: Words in [Sch. 25 para. 2A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322201]: [Sch. 25 para. 2A(8)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/8/aa) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322221]: Words in [Sch. 25 para. 2A(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/8/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322481]: Words in [Sch. 25 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/5/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322501]: Words in [Sch. 25 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para 30(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/5/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322561]: Words in [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/8/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322931]: Words in [Sch. 25 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/2)
[^c23322971]: [Sch. 25 para. 6(4A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4A/c) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/4)
[^c23323041]: [Sch. 25 para. 6(4B)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4B/b/iii) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/6)
[^c23323171]: Word in [Sch. 15 para. 6(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6/6) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/11)
[^c23826921]: Words in [Sch. 25 para. 6(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/1/c) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/2)
[^c23322031]: Word in [Sch. 25 para. 13(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/13/2/c) substituted (with effect in accordance with [Sch. 38 para. 6(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(m)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/m)
[^c23319321]: Words in [Sch. 26 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/a) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 46](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/46) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23828701]: [Sch. 27](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2004/2572/regulation/4)
[^c21639631]: Source—[1984 Sch.19; 1986 s.50; 1987 (No.2) s.66]
[^c23319121]: [Sch. 27 para. 1(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/1/2/a/b) substituted (with effect in accordance with [s. 134(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/9) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 134(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/4)
[^c23828791]: [Sch. 27 para. 1(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/1/1/d) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/2)
[^c23828351]: Words in [Sch. 27 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828811]: [Sch. 27 para. 3(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1/a/aa) substituted for para. 3(1)(a) (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/3)
[^c23828831]: Words in [Sch. 27 para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1/b) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/4)
[^c21639641]: 1988(F) s.146*and* Sch.13 para.12 (*deemed always to have had effect*).
[^c21639651]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.6](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/6)
[^c23319161]: [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/1) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)) (and as that para. 3 is substituted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 39](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/39))
[^c23319141]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) substituted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 176(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/176/2)
[^c23317361]: Words in [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/5) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/6)
[^c23319181]: [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/1) modified (with effect in accordance with s. 83(3) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 35](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/35) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23319171]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) repealed (with effect in accordance with Sch. 40 Pt. 3(10) Note, Sch. 40 Pt. 3(13) Note of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13)
[^c23828311]: [Sch. 27 para. 5(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/3/d) and preceding word inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/1) (with [Sch. 26 paras. 1(3)-(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/3), [17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828331]: [Sch. 27 para. 5(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/3/e) and preceding word inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/1) (with [Sch. 26 paras. 2(3)-(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/2/3), [17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828751]: Words in [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 350(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/350/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23828451]: Words in [Sch. 27 para. 6(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828471]: Words in [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828491]: Words in [Sch. 27 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/3/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/c) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828511]: Words in [Sch. 27 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/7) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828581]: [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/10) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/4), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828601]: Words in [Sch. 27 para. 11(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/1/4) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/5/a), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828541]: Words in [Sch. 27 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/5/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828371]: Words in [Sch. 27 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828391]: Words in [Sch. 27 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828411]: Words in [Sch. 27 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/c) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/c) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828631]: [Sch. 27 paras. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/13) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/6), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828651]: [Sch. 27 paras. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/13) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/6), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c21639661]: [1987 c. 51](https://www.legislation.gov.uk/ukpga/1987/51).
[^c23828561]: Words in [Sch. 27 para. 14](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/14) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/7) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828671]: Words in [Sch. 27 para. 16(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/16/1) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(8)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/8), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c21639671]: Source—[1984 Sch.20.]
[^c21639681]: Words in [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639751]: Words in [Sch. 28 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23327731]: [Sch. 28 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/3/4) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c21639811]: Words in [Sch. 28 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/4/3/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639821]: Words in [Sch. 28 para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/8/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639841]: [Sch. 28 para. 8(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/8/4/5) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c23830671]: [Sch. 28](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2572/regulation/5)
[^c21642521]: *See* 1990 s.132*and* Sch.19 Part V*for repeal in relation to allowances and charges falling to be made for chargeable periods ending after the day to be appointed* (*see* 1988 s.10).
[^c21642531]: *See* 1990 s.132*and* Sch.19 Part V*for repeal in relation to allowances and charges falling to be made for chargeable periods ending after the day to be appointed* (*see* 1988 s.10).
[^c21642551]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c21642561]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21642571]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21642591]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IX*from* 3*April* 1989—*commencement order* S.I. [1989 No.473](https://www.legislation.gov.uk/ukcm/1989/473) (*in* Part III Vol.5).
[^c21642631]: *Repealed by* 1988(F) Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21642671]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642681]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642771]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21642801]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642851]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642921]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642931]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642981]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643011]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643091]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643101]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643141]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21643171]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VI*for accounting periods ending after* 5*April* 1988.
[^c21643201]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643271]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VI*for disposals made on or after* 6*April* 1988.
[^c23835961]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entry relating to 178(1) of the Inheritance Tax Act 1984 repealed (with effect in accordance with Sch. 43 Pt. 4(1) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 4(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/4/1)
[^c21799391]: Word "or" repealed by 1991 s. 123 and Sch. 19 Part V in relation to losses incurred in accounting periods ending on or after 1 April 1991.
[^c21818061]: 1991 s.73(3)-(5) and Sch. 15 para. 27(1) in relation to losses incurred in accounting periods ending on or after 1 April 1991 - deemed always to have had effect.
[^c21818071]: Word "or" repealed by 1991 s. 123 and Sch. 19 Part V in relation to losses incurred in accounting periods ending on or after 1 April 1991.
[^c21818081]: 1991 s. 73(3)-(5) and Sch. 15 para. 27(1) in relation to losses incurred in accounting periods ending on or after 1 April 1991 - deemed always to have had effect.
[^c23836211]: [Sch. 30 para. 5(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/6/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836241]: Words in [Sch. 30 para. 5(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836261]: Words in [Sch. 30 para. 5(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/11) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836191]: [Sch. 30 para. 5(13)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/13) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21638221]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638241]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art. 2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638261]: [Sch. 19AB para. 1(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/9) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 103(2)(h)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/h/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9)
[^c22765701]: Word in [Sch. 19AB para. 1(5)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b/i) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/b) (with [s. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/2))
[^c22767071]: Words in [Sch. 19AB para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/1) inserted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/2)
[^c22767091]: [Sch. 19AB para. 1(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/3/4) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/3)
[^c22767111]: Word in [Sch. 19AB para. 1(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767151]: [Sch. 19AB para. 1(5)(b)(ii)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b/ii/iii) substituted for Sch. 19AB para. 1(5)(b)(ii) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/4)
[^c22767171]: [Sch. 19AB para. 1(6)(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/6/6A) substituted for Sch. 19AB para. 1(6) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/5)
[^c22767191]: [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/6)
[^c22767131]: [Sch. 19AB para. 1(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/8) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/7), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767211]: [Sch. 19AB para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/10/11) substituted for Sch. 19AB para. 1(10) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/8)
[^c22798971]: [Sch. 19AB para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1) amended (otherwise than as it has effect as mentioned in [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/1) of the amending Act, and with effect in accordance with Sch. 3 para. 10(6)(7), Sch. 8 Pt. 2(6) Note of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 10(1)-(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/10/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6)
[^c22798931]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798951]: [Sch. 19AB para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1): word preceding para. 1(7)(b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798941]: [Sch. 19AB para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798961]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/c), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799091]: Words in [Sch. 19AB para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/4) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799141]: [Sch. 19AB para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/6) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799161]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799181]: [Sch. 19AB para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/10/11) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799591]: Words in [Sch. 19AB para. 1(5)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/a/b) substituted (2.7.2002) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2002 (S.I. 2002/1409)](https://www.legislation.gov.uk/uksi/2002/1409), [art. 2(3)](https://www.legislation.gov.uk/uksi/2002/1409/article/2/3)
[^c21638271]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638281]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767251]: [Sch. 19AB para. 2(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/1/2) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/2/2)
[^c22767271]: [Sch. 19AB para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/3): words in definition of "total entitlement" substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/2/3)
[^c22799201]: Words in [Sch. 19AB para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/1/c) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21638291]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638301]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767291]: [Sch. 19AB para. 3(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1/a/b) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/2)
[^c22767311]: [Sch. 19AB para. 3(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) inserted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/3)
[^c22767341]: Words in [Sch. 19AB para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/3/b) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/4)
[^c22767361]: Word in [Sch. 19AB para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/4) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/5)
[^c22767381]: [Sch. 19AB para. 3(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8/9) added (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/6)
[^c22798981]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799001]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799021]: [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799011]: [Sch. 19AB para. 3(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/c), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799051]: Words in [Sch. 19AB para. 3(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(4)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/4/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799031]: [Sch. 19AB para. 3(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799071]: [Sch. 19AB para. 3(1B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/4/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799061]: Words in [Sch. 19AB para. 3(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/5/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799041]: [Sch. 19AB para. 3(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799081]: [Sch. 19AB para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/5/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799221]: Words in [Sch. 19AB para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799351]: [Sch. 19AB para. 3(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1ZA) inserted (with effect in accordance with [s. 91(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/91/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/91/1)
[^c22799241]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799331]: [Sch. 19AB para. 3(1C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1C): word at the end of para. (a) inserted (with effect in accordance with [s. 37(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 37(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/2/a); [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619), [art. 2](https://www.legislation.gov.uk/uksi/1999/619/article/2)
[^c22799341]: [Sch. 19AB para. 3(1C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1C/c) and preceding word repealed (with effect in accordance with s. 37(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 37(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/2/b), [Sch. 27 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/3); [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619), [art. 2](https://www.legislation.gov.uk/uksi/1999/619/article/2)
[^c22799261]: [Sch. 19AB para. 3(1D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1D) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799281]: Words in [Sch. 19AB para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/3) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799301]: Words in [Sch. 19AB para. 3(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/7) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/11); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799321]: Words in [Sch. 19AB para. 3(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/9) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(12)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/12); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21638311]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638321]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638331]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638341]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638351]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638361]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767401]: [Sch. 19AB para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/1): definition of "provisional fraction" substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 4(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/2)
[^c22767441]: [Sch. 19AB para. 6(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/3) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para 4(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/3), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767421]: [Sch. 19AB para. 6(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/4) added (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/4)
[^c22767461]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c22799371]: Words in [Sch. 19AB para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/4/b) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/13); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639211]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22890611]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definitions of "approved stock lending arrangement", "market maker", "recognised clearing house", "recognised investment exchange", "unapproved manufactured payment" and "unapproved stock lending arrangement" repealed (with effect in accordance with Sch. 18 Pt. 6(10), Notes 1, 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22890721]: [Sch. 23A para 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/2) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891391]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definition of "foreign income dividend" repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22899501]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): in the definition of "overseas securities", para. (b) and preceding word repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c22899511]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): words in definition of "UK securities" repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c21639261]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg. 2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs. 2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs. 2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22890991]: [Sch. 23A paras 2-2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) and cross-headings substituted for Sch. 23A para. 2 and cross-heading (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by Finance Act [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/10/1)
[^c22891451]: [Sch. 23A para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/c) extended (with effect in accordance with s. 24(15) of the extending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/13)
[^c22891411]: Words in [Sch. 23A para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6) repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23824791]: [Sch. 23A para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 134](https://www.legislation.gov.uk/ukpga/2006/25/section/134), [139(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/2), [Sch. 17 para. 30](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/30) (as that affecting s. 139 is amended by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/1034/1), [Sch. 1 para. 621](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/621), [Sch. 3 Pt.1](https://www.legislation.gov.uk/ukpga/2006/25/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/2)) and [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [3](https://www.legislation.gov.uk/uksi/2009/2859/article/3))
[^c22892581]: [Sch. 23A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2) substituted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/5)
[^c22892621]: [Sch. 23A para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/a) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/6), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22901351]: [Sch. 23A para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/4/5) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/a), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22892601]: Words in [Sch. 23A para. 2(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/a) inserted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/7)
[^c22901361]: [Sch. 23A para. 2(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/b) and preceding word repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/a), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22891011]: [Sch. 23A paras. 2-2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) and cross-headings substituted for Sch. 23A para. 2 and cross-heading (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by Finance Act [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/10/1)
[^c21639321]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639331]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639341]: [Sch. 23A para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/1) applied (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg.2](https://www.legislation.gov.uk/uksi/1993/2004/regulation/2)
[^c21639351]: [Sch. 23A para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2) restricted (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg.5(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/5/1)
[^c21639361]: [Sch. 23A para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/3) restricted (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg.7(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/7/1) (as amended by [S.I. 2011/1787](https://www.legislation.gov.uk/uksi/2011/1787), [regs. 1](https://www.legislation.gov.uk/uksi/2011/1787/regulation/1), [7](https://www.legislation.gov.uk/uksi/2011/1787/regulation/7))
[^c22887831]: [Sch. 23A para. 4(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 124](https://www.legislation.gov.uk/ukpga/1994/9/section/124)
[^c22889731]: Words in [Sch. 23A para 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/3) substituted (with effect in accordance with [s. 159(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/4)
[^c22889751]: [Sch. 23A para 4(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/3A/3B) inserted (with effect in accordance with [s. 159(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/5)
[^c22889771]: Words in [Sch. 23A para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/6)
[^c22889851]: [Sch. 23A para. 4(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7AA) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/6)
[^c22889791]: [Sch. 23A para. 4(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7A) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note 2
[^c22889831]: [Sch. 23A para. 4(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/9) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 52(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/52/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22899521]: [Sch. 23A para. 4(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/8) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c23824251]: [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23824601]: [Sch. 23A para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/1A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(3)
[^c23824621]: Words in [Sch. 23A para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(4)(a)
[^c23824641]: Words in [Sch. 23A para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(4)(b)(i)
[^c23824661]: Words in [Sch. 23A para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(4)(b)(ii)
[^c23824691]: [Sch. 23A para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(5)
[^c21639371]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in s. 58(3) in relation to payments made on or after such day as may be specified: 26.2.1992 specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); 30.6.1992 specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); 21.4.1993 specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs. 2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b),4)
[^c21639381]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22891071]: [Sch. 23A para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/5) repealed (with effect in accordance with Sch. 10 para. 16, Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 12](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/12), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21639391]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639401]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22891091]: [Sch. 23A para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/6) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(a)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/a), [Sch 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21639411]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639421]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22889971]: [Sch. 23A para. 7(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 52(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/52/7) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22891111]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4(e) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891191]: [Sch. 23A para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/2) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3(b) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891231]: Words in [Sch. 23A para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/a) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2(c) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(i)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/i), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891251]: [Sch. 23A para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/b) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2(c) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(ii)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/ii), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891271]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) substituted (with effect in accordance with [Sch. 10 para. 7(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(iii)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/iii); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23824711]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(7)
[^c21639431]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639441]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22889991]: [Sch. 23A para. 8(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1/aa) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/7/a)
[^c22890031]: [Sch. 23A para. 8(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/8)
[^c22891291]: Words in [Sch. 23A para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1) substituted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891311]: Words in [Sch 23A para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2) substituted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/2); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891331]: [Sch. 23A para. 8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) inserted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891351]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 7(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/7/3)
[^c22891431]: [Sch. 23A para. 2A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/2) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/13), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c22892731]: [Sch. 23A para. 2A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/3) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/b), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22900751]: [Sch. 23A para. 2A(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A/1B) inserted (with effect in accordance with [s. 108(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 108(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/3)
[^c23824281]: [Sch. 23A para. 2A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1) substituted (with effect in accordance with [Sch. 24 para. 2(7)-(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/2)
[^c23824301]: [Sch. 23A para. 2A(1ZA)(1ZB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1ZA/1ZB) inserted (with effect in accordance with [Sch. 24 para. 2(7)(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7/8/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/3)
[^c23824321]: Words in [Sch. 23A para. 2A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A) substituted (with effect in accordance with [Sch. 24 para. 2(9)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/9/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/4/a)
[^c23824461]: [Sch. 23A para. 2A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A/a) repealed (with effect in accordance with Sch. 24 para. 2(7)(8)(10) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/4/b), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16), Note 1
[^c23824481]: [Sch. 23A para. 2A(1A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A/c) and preceding word repealed (with effect in accordance with Sch. 24 para. 2(11) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(4)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/4/c), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16), Note 2
[^c23824511]: Words in [Sch. 23A para. 2A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A) repealed (with effect in accordance with Sch. 24 para. 2(11) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(4)(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/4/d), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16), Note 2
[^c23824341]: Words in [Sch. 23A para. 2A(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B) substituted (with effect in accordance with [Sch. 24 para. 2(7)-(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/a)
[^c23824371]: Words in [Sch. 23A para. 2A(1B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B/a) substituted (with effect in accordance with [Sch. 24 para. 2(7)(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7/8/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/b)
[^c23824391]: Word at the end of Sch. 23A para. 2A(1B)(a) inserted (with effect in accordance with [Sch. 24 para. 2(7)(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7/8/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/b)
[^c23824411]: Words in [Sch. 23A para. 2A(1B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B/b) substituted (with effect in accordance with [Sch. 24 para. 2(9)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/9/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/c)
[^c23824531]: [Sch. 23A para. 2A(1B)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B/c) and preceding word repealed (with effect in accordance with Sch. 24 para. 2(11) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/d), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16), Note 2
[^c23824431]: Words in [Sch. 23A para. 2A(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B) substituted (with effect in accordance with [Sch. 24 para. 2(11)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/11) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/e)
[^c23824561]: Words in [Sch. 23A para. 2A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/4/a) repealed (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(6)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/6/a), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16)
[^c23824581]: Words in [Sch. 23A para. 2A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/4/b) repealed (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(6)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/6/b), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16)
[^c22891471]: [Sch. 23A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2B) repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22891511]: [Sch. 23A para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3/5) excluded (1.7.1997) by [The Manufactured Interest (Tax) Regulations 1997 (S. I. 1997/992)](https://www.legislation.gov.uk/uksi/1997/992), [regs. 1](https://www.legislation.gov.uk/uksi/1997/992/regulation/1), [4](https://www.legislation.gov.uk/uksi/1997/992/regulation/4)
[^c22891061]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c23824241]: [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c22900791]: Words in [s. 23A para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/23A/paragraph/3/2/c) added (with effect in accordance with [s. 108(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 108(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/4)
[^c22900811]: [Sch. 23A para 3(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3/2A/2B) inserted (with effect in accordance with [s. 108(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/7) of the amending Act) by [Finance Act 2002 (c. 23, s. 108(5)](https://www.legislation.gov.uk/ukpga/2002/23)
[^c23824731]: Words in [Sch. 23A para. 2A(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/a) inserted (with effect in accordance with [Sch. 7 para. 6(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/2/a)
[^c23824751]: [Sch. 23A para. 2A(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/b) substituted (with effect in accordance with [Sch. 7 para. 6(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/2/b)
[^c23824771]: Word in [Sch. 23A para. 2A(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/b) substituted (with effect in accordance with [Sch. 7 para. 6(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 6(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/3)
[^c22891531]: Word in [Sch. 23A para. 3A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3A/2/a) substituted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/7)
[^c21633191]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633201]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633211]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633221]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633231]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633241]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633251]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633261]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633271]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633281]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633291]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633301]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633311]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633321]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633331]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633341]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633351]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633361]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633371]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c21633381]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633391]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633401]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633411]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633421]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633431]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633441]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633451]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633461]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21635381]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635391]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635401]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635411]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635421]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635431]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635441]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635451]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635461]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635471]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635481]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635491]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635501]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635511]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635521]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635531]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635541]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635551]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635561]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635571]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635581]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635591]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635601]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635611]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635621]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635631]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635641]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635651]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635661]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635671]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635681]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635691]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635701]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635711]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635721]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635731]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635741]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635751]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635761]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635771]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635781]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635791]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635801]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635811]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635821]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635831]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635841]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635851]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635861]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635871]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635881]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635891]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635901]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635911]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635921]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635931]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635941]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635951]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21638381]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c21638391]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22768271]: [Sch. 19AC para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/2) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c21638401]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765791]: [Sch. 19AC para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/3/4) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769161]: Words in [Sch. 19AC para. 3(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/3/2/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/i)
[^c21638411]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765811]: [Sch. 19AC para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/2) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769181]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/a)
[^c22769201]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/b)
[^c22769221]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/c)
[^c21638431]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22769571]: [Sch. 19AC para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [8](https://www.legislation.gov.uk/uksi/1999/498/regulation/8)
[^c23822921]: [Sch. 19AC paras. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5), [5ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5ZA) substituted for para. 5 (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 36(2)
[^c21638441]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765851]: [Sch. 19AC para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/3/4) repealed (with effect in accordance with Sch. 8 para. 55(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 37](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/37), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22766141]: [Sch. 19AC para. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/4A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 35(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/35/3)
[^c22776901]: [Sch. 19AC para. 6(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/6) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769291]: Words in [Sch. 19AC para. 6(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/1/a) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/ii)
[^c22769301]: Words in [Sch. 19AC para. 6(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/1/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/i)
[^c21638451]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766961]: [Sch. 19AC para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 39](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/39)
[^c22768591]: Words in [Sch. 19AC para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/3/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(c)(i)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/c/i)
[^c22768611]: [Sch. 19AC para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/3/c) repealed (with effect in accordance with s. 109(10) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(c)(ii)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/c/ii), [Sch. 40 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/16), Note 1
[^c22769311]: Words in [Sch.19AC para. 7(2)(a)(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/2/a/3/a/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/ii)
[^c21638461]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766161]: Words in [Sch. 19AC para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/2/a)
[^c22766181]: Words in [Sch. 19AC para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/2/b)
[^c22766201]: Words in [Sch. 19AC para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/3)
[^c22766221]: [Sch. 19AC para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/4)
[^c22765911]: [Sch. 19AC para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/4) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638471]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765931]: [Sch. 19AC para. 9(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/2/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768371]: [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) substituted (with effect in accordance with [Sch. 3 para. 13(15)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/6)
[^c22768751]: [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) modified by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [reg. 21A](https://www.legislation.gov.uk/uksi/1998/1871/regulation/21A) (as inserted (22.8.2000) by [The Individual Savings Account (Insurance Companies) (Amendment) Regulations 2000 (S.I. 2000/2075)](https://www.legislation.gov.uk/uksi/2000/2075), [reg. 5](https://www.legislation.gov.uk/uksi/2000/2075/regulation/5))
[^c22801301]: [Sch. 19AC para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9) modified (31.7.1997) by 1992 (c. xx), s. 65(2)(ab) (as inserted) by Finance Act [1997 No. 2](https://www.legislation.gov.uk/ukcm/1997/2) (c. 58), Sch. 3 para. 15
[^c22768391]: Words in [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) repealed (with effect in accordance with Sch. 4 para. 29(4), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 29(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/29/2), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22777081]: [Sch. 19AC para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10) repealed (with effect in accordance with Sch. 3 para. 13(14)(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(8)(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/8/9), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c21638491]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766611]: [Sch. 19AC para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 45(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/2)
[^c22765981]: [Sch. 19AC para. 11(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/2) repealed (with effect in accordance with Sch. 8 para. 55(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 Para. 45(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/3), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22766631]: Words in [Sch. 19AC para. 11(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/5) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/4)
[^c22777091]: [Sch. 19AC para. 11(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/6) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638501]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766011]: [Sch. 19AC para. 12(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/12/2) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768531]: [Sch. 19AC para. 12(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/12/1) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(12)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/12), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c21638511]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766031]: [Sch. 19AC para. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768671]: [Sch. 19AC para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/1) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/a), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22768631]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/b)
[^c22768691]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/c), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22768651]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(d)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/d)
[^c21638521]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766051]: [Sch. 19AC para. 14(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638531]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22769491]: [Sch. 19AC para. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/15) repealed (with effect in accordance with s. 87 of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12), Note
[^c22769241]: Words in [Sch. 19AC para. 4A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/a)
[^c22769531]: Words in [Sch. 19AC para. 4A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/2) substituted 1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/b)
[^c22769541]: [Sch. 19AC para. 4A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/c)
[^c22769561]: O.J. No. L360, 9.12.1992, pp. 1-27.
[^c22768311]: [Sch. 19AC para. 5A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5A/3) inserted (with effect in accordance with [Sch. 3 para. 13(15)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/4)
[^c22768331]: [Sch. 19AC para. 5B(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5B/1) repealed (with effect in accordance with Sch. 3 para. 13(14)(16) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22767591]: [Sch. 19AC para. 5C(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5C/2) substituted for Sch. 19AC para. 5C(2) (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/5)
[^c22768411]: [Sch. 19AC para. 9A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9A) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/7), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22767811]: Words in [Sch. 19AC para. 9B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9B) substituted (with effect in accordance with [s. 67(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/5)
[^c22769401]: [Sch. 19AC para. 9C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9C) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 64(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/64/1), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22768451]: [Sch. 19AC para. 10A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10A) repealed (with effect in accordance with Sch. 3 para. 13(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/10), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22769441]: Words in [Sch. 19AC para. 10AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10AA) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/4)
[^c22768731]: [Sch. 19AC para. 10B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10B/2A) inserted (with effect in accordance with [s. 75(6)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/75/6/a) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 75(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/75/4)
[^c22769471]: Words in [Sch. 19AC para. 10B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10B/2A) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 64(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/64/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22769341]: Words in [Sch. 19AC para. 10C(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10C/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/iii)
[^c22769351]: Words in [Sch. 19AC para. 10C(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10C/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/iii)
[^c22768491]: [Sch. 19AC para. 11A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11A/1) repealed (with effect in accordance with Sch. 3 para. 13(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para 13(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/11), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22768501]: [Sch. 19AC para. 11A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11A/2) repealed (with effect in accordance with Sch. 4 para. 29(4), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 29(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/29/3), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22769461]: Words in [Sch. 19AC para. 11C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11C) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/4)
[^c22768941]: Word in [Sch.19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) repealed (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 5(2)(a)](https://www.legislation.gov.uk/uksi/2000/2188/article/5/2/a)
[^c22768961]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 5(2)(b)](https://www.legislation.gov.uk/uksi/2000/2188/article/5/2/b)
[^c22769361]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(iv)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/iv)
[^c22769381]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(iv)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/iv)
[^c23822961]: This section was inserted by section 149 of the Finance Act 2003.
[^c23821231]: Word in [Sch. 15A para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/2/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 120(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/120/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23821251]: [Sch. 15A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/2/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 120(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/120/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22783901]: Words in [Sch. 15A para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 48](https://www.legislation.gov.uk/uksi/2001/3629/article/48)
[^c15675031]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22783921]: [Sch. 15B para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/7) repealed (with effect in accordance with Sch. 16 para. 3(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 3(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/3/1), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 4
[^c23821431]: [Sch. 15B para. 1(6)(da)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/6/da) inserted (23.1.2003) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 17 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/17/paragraph/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23821451]: [Sch. 15B para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/10/11) inserted (with effect in accordance with [s. 195(12)](https://www.legislation.gov.uk/ukpga/2003/14/section/195/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 40 para. 1](https://www.legislation.gov.uk/ukpga/2003/14/schedule/40/paragraph/1); [S.I. 2003/3077](https://www.legislation.gov.uk/uksi/2003/3077), [art. 2](https://www.legislation.gov.uk/uksi/2003/3077/article/2)
[^c23821471]: Words in [Sch. 15B para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/3) substituted (with effect in accordance with [Sch. 19 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/1)
[^c23821491]: [Sch. 15B para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/5/a) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 94(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/94/1)
[^c22783941]: Words in [Sch. 15B para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/2/3) substituted (with effect in accordance with [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 1(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/1/2)
[^c22784001]: [Sch. 15B para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3): power to exclude conferred (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 33 paras. 8](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/8), [9(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/9/1/b), [10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/10)
[^c22783961]: Words in [Sch. 15B para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/1/b) substituted (with effect in accordance with [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/1/3)
[^c23821521]: [Sch. 15B para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/4) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 94(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/94/2)
[^c23821531]: [Sch. 15B para. 3(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/9) modified (17.9.2004 with effect in accordance with reg. 1(2)(a) of the modifying S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2004/2199/regulation/4)
[^c23821541]: Words in [Sch. 15B para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/5) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [102(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/102/a)
[^c23821561]: Words in [Sch. 15B para. 3(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [102(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/102/b)
[^c23821641]: Words in [Sch. 15B para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/4/1/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22783931]: Word in [Sch. 15B para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/6/1) repealed (with effect in accordance with s. 73(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/1/b), [Sch. 27 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/13), Note 1
[^c22783981]: Word in [Sch. 15B para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/6/1) substituted (with effect in accordance with [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 1(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/1/4)
[^c22734821]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23316661]: [Sch. 28A para. 6(da)-(dd)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/da) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316981]: Words in [Sch. 28A para. 6(da)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/da) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(a)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/a/4)
[^c23317041]: Words in [Sch. 28A para. 6(db)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/db) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/b/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23317021]: Words in [Sch. 28A para. 6(dc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/dc) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(c)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/c/4)
[^c23317221]: Words in [Sch. 28A para. 6(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/d) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 67(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/67/1)
[^c23317861]: Words in [Sch. 28A para. 6(dc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/dc) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/2)
[^c23317831]: [Sch. 28A para. 6(de)(df)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/de/df) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/4)
[^c23830791]: Words in [Sch. 28A para. 6(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/a) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(2)
[^c23830811]: Words in [Sch. 28A para. 6(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/c) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(3)
[^c23830831]: Words in [Sch. 28A para. 6(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(4)
[^c23316701]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317081]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(d)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/d/4)
[^c23316741]: Words in [Sch. 28A para. 7(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/c) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316761]: [Sch. 28A para. 7(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23318201]: Word preceding Sch. 28A para. 7(1)(d)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/3), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318161]: [Sch. 28A para. 7(1)(d)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d/iv) and preceding word inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/3)
[^c23318221]: Word preceding Sch. 28A para. 7(1)(e)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/4), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23317921]: [Sch. 28A para. 7(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/g/h) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/5)
[^c23318241]: [Sch. 28A para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/5), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23830701]: Words in [Sch. 28A para. 7(1)(d)(ii)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d/ii/e/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830851]: [Sch. 28A para. 7(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/a/aa) substituted for para. 7(1)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(5)
[^c23830871]: [Sch. 28A para. 7(1)(e)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/e/iii) and preceding word substituted for para. 7(1)(e)(iii)(iv) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(6)
[^c23831031]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/4)
[^c23316801]: [Sch. 28A para. 13(1)(ea)-(ed)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ea) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/5) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317121]: Words in [Sch. 28A para. 13(1)(ea)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ea) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(f)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/f/4)
[^c23317161]: Words in [Sch. 28A para. 13(1)(eb)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/eb) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(g)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/g/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23317141]: Words in [Sch. 28A para. 13(1)(ec)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ec) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(h)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/h/4)
[^c23317261]: Words in [Sch. 28A para. 13(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/e) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 67(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/67/2)
[^c23318511]: Words in [Sch. 28A para. 13(1)(ec)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ec) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/7)
[^c23317951]: [Sch. 28A para. 13(1)(ee)(ef)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ee/ef) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/6)
[^c23830911]: Words in [Sch. 28A para. 13(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(a)
[^c23830931]: Words in [Sch. 28A para. 13(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(b)
[^c23830951]: Words in [Sch. 28A para. 13(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/e) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(c)
[^c23316881]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317201]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(i)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/i/4)
[^c23316901]: Words in [Sch. 28A para. 16(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/c) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316921]: [Sch. 28A para. 16(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23318661]: Word preceding Sch. 28A para. 16(1)(d)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/8), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318621]: [Sch. 28A para. 16(1)(d)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d/iv) and preceding word inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/8)
[^c23318681]: Word preceding Sch. 28A para. 16(1)(e)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/9), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318001]: [Sch. 28A para. 16(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/g/h) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/7)
[^c23318701]: [Sch. 28A para. 16(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/10), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23830761]: Words in [Sch. 28A para. 16(1)(d)(ii)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d/ii/e/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830971]: [Sch. 28A para. 16(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/a/aa) substituted for para. 16(1)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(9)
[^c23830991]: [Sch. 28A para. 16(1)(e)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/e/iii) and preceding word substituted for para. 16(1)(e)(iii)(iv) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(10)
[^c23831091]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/7)
[^c23830781]: [Sch. 28A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23317101]: [Sch. 28A para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/2/a) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(e)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/e/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23318601]: Words in [Sch. 28A para. 11(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/c) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(6)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/6/b)
[^c23830731]: Words in [Sch. 28A para. 11(1)(a)(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/a/3/c) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830891]: [Sch. 28A para. 11(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/b) substituted for para. 11(1)(b)(bb) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(7)
[^c23831111]: [Sch. 28A Pt. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/part/4) title substituted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/8)
[^c22807531]: [Sch. 28B para. 3(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/2/aa) and preceding word substituted for para. 2(2)(b)(c) (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/2/1)
[^c22807551]: [Sch. 28B para. 3(6)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/6) inserted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/2/2)
[^c22807591]: Words in [Sch. 28B para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3) inserted (with effect in accordance with [s. 73(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/3)
[^c22807611]: Words in [Sch. 28B para. 3(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/8/a) substituted (with effect in accordance with [Sch. 16 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/1/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 1(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/1/1)
[^c23835721]: Words in [Sch. 28B para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/i)
[^c23835731]: Words in [Sch. 28B para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(ii)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/ii/a)
[^c23835741]: Words in [Sch. 28B para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3/b) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(ii)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/ii/b)
[^c23835751]: Words in [Sch. 28B para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835761]: Words in [Sch. 28B para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/4/a) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/b/i)
[^c23835771]: Words in [Sch. 28B para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/4/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/b/ii)
[^c23835781]: [Sch. 28B para. 3(5A)(5B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/5A/5B) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/c)
[^c23835791]: Words in [Sch. 28B para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/8/b) substituted (with effect in accordance with [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/2) (with [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/6))
[^c22807631]: Words in [Sch. 28B para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/7) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/3)
[^c22807641]: [Sch. 28B para. 4(2)(ea)-(ee)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/2/ea) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/1)
[^c22807661]: Words in [Sch. 28B para. 4(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/2/f) substituted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/2)
[^c22807681]: [Sch. 28B para. 4(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/3A) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/3)
[^c22807701]: [Sch. 28B para. 4(5)-(6D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/5) substituted for para. 4(5)(6) (with effect in accordance with [Sch. 18 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/5/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/5/1)
[^c22807721]: Words in [Sch. 28B para. 4(6B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/6B) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22807731]: Words in [Sch. 28B para. 4(6B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/6B) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23835441]: Words in [Sch. 28B para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/7) substituted (with effect in accordance with [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/3) (with [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/6))
[^c22808151]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "nursing home" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/1)
[^c22808171]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "property development" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/2)
[^c22808191]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "residential care home" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/3)
[^c22808231]: [Sch. 28B para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/5): definition of "interest in land" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/4)
[^c22808251]: [Sch. 28B para. 5(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/6/7) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/5)
[^c22808271]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "research and development" substituted (with effect in accordance with [Sch. 18 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/1) (with [Sch. 18 para. 6(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/3))
[^c23835461]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "oil rig" repealed (with effect in accordance with Sch. 27 para. 5(5) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/4), [Sch. 42 Pt. 2(19)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/19), Note 2 (with Sch. 27 para. 5(6))
[^c22808291]: [Sch. 28B para. 6(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2A) inserted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/4)
[^c22808351]: [Sch. 28B para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/5) inserted (with effect in accordance with [s. 73(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/4)
[^c22808391]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808371]: [Sch. 28B para. 6(1)(2)(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/1/2/2AA) substituted for para. 6(1)(2) (with effect in accordance with [Sch. 16 para. 2(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/2/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/2/1)
[^c23835181]: Words in [Sch. 28B para. 6(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/1/a/ii) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/a)
[^c23835201]: Words in [Sch. 28B para. 6(2AA)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2AA/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/b)
[^c23835221]: [Sch. 28B para. 6(2AB)-(2AH)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2AB) substituted for para. 6(2A)-(2C)(with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/c)
[^c23835501]: [Sch. 28B para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/5) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/d), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c22808401]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808441]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808411]: Words in [Sch. 28B para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/8/1) substituted (with effect in accordance with [s. 73(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/5)
[^c22808471]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808451]: Words in [Sch. 28B para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/9/1) repealed (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/2/a), [Sch. 41 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/22), Note
[^c22808461]: [Sch. 28B para. 9(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/9/2) repealed (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/2/b), [Sch. 41 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/22), Note
[^c22809491]: Words in [Sch. 28B para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/1) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/1)
[^c22809511]: [Sch. 28B para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/2) repealed (with effect in accordance with Sch. 9 para. 6 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/2), [Sch. 18 Pt. 6(9)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/9), Note
[^c22809531]: Words in [Sch. 28B para. 10(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/5) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/3)
[^c22809561]: Words in [Sch. 28B para. 10(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/a) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/4)
[^c23835521]: [Sch. 28B para. 10(3)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835241]: [Sch. 28B para. 10(3)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/ca) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/b)
[^c23835261]: Words in [Sch. 28B para. 10(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/e) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/c)
[^c23835281]: Words in [Sch. 28B para. 10(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/i)
[^c23835541]: Words in [Sch. 28B para. 10(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/ii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835561]: Word in [Sch. 28B para. 10(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835581]: Word in [Sch. 28B para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/b) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/iv), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835301]: Words in [Sch. 28B para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(v)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/v)
[^c23835321]: [Sch. 28B para. 10(4A)-(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4A) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/e)
[^c23835601]: Words in [Sch. 28B para. 10(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/5) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(f)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/f/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835341]: Words in [Sch. 28B para. 10(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/5) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(f)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/f/ii)
[^c23835621]: [Sch. 28B para. 10(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/6) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(g)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/g), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835641]: Words in [Sch. 28B para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835661]: Word in [Sch. 28B para. 11(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/b), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835681]: Word in [Sch. 28B para. 11(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/b) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/c), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835381]: Words in [Sch. 28B para. 11(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/d)
[^c22809591]: Words in [Sch. 28B para. 12(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/12/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 70(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/70/3)
[^c15675021]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22809611]: [Sch. 28B para. 13(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/2) substituted for para. 13(2)(3) (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/3)
[^c22809651]: [Sch. 28B para. 13(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/5/b) and preceding word repealed (2.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 25(3)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/25/3/8), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 3
[^c22809631]: [Sch. 28B para. 13(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/6) inserted (2.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 25(4)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/25/4/8)
[^c22809671]: Words in [Sch. 28B para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/1) inserted (16.6.1999 with effect in accordance with [s. 69(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/5/a) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 69(3)(5)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/3/5/b)
[^c22809481]: [Sch. 28B para. 10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 72(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/72/5)
[^c22809471]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22809451]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c22809461]: [S.I. 1989/2405 (N.I. 19)](https://www.legislation.gov.uk/nisi/1989/2405).
[^c23835001]: [Sch. 28B para. 11A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/2/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 19(a)](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/19/a) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23835021]: Words in [Sch. 28B para. 11A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/3/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 19(b)](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/19/b) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23835401]: Word in [Sch. 28B para. 11A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/1) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 15](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/15)
[^c23835701]: [Sch. 28B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B) applied (17.9.2004 with effect in accordance with reg. 1(2)(b) of the affecting S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [12(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/12/1)
[^c23835711]: [Sch. 28B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B) modified (17.9.2004 with effect in accordance with reg. 1(2)(b) of the modifying S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [13(5)(6)(8)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/13/5/6/8)
[^c22779561]: Words in [Sch. 13A para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/5/1) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779581]: [Sch. 13A para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/5/2) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779601]: Words in [Sch. 13A para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/1) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 50(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/4), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779641]: Words in [Sch. 13A para. 14(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/6) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779621]: Words in [Sch. 13A para. 14(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/8) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 50(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/6), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22777321]: [Sch. 5AA para. 1(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/6/7) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/7)
[^c22777411]: [Sch. 5AA para. 1(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/2/b/c) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/a), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777481]: [Sch. 5AA para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/3) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/b), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777451]: Words in [Sch. 5AA para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/5) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/c), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777461]: Words in [Sch. 5AA para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/6) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/d), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777471]: [Sch. 5AA para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/7) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(e)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/e), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777491]: [Sch. 5AA para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/2/3) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/2)
[^c22777571]: [Sch. 5AA para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/2/3) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/3), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777351]: Words in [Sch. 5AA para. 4(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/6) inserted (with effect in accordance with [s. 99(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/99/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 99(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/99/4)
[^c22777511]: [Sch. 5AA para. 4(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/4A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/3)
[^c22777581]: [Sch. 5AA para. 4(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/4A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/4), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777551]: [Sch. 5AA para. 6(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/6/3A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/5)
[^c22777611]: [Sch. 5AA para. 6(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/6/3A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/6), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777621]: [Sch. 5AA para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/9) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/7), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777531]: [Sch. 5AA para. 4A(10A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/10A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/4)
[^c22777591]: Words in [Sch. 5AA para. 4A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/5/b) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/5/a), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777601]: [Sch. 5AA para. 4A(10A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/10A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/5/b), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22747131]: Words in [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11/paragraph/6/2) substituted (17.6.2002) by [International Development Act 2002 (c. 1)](https://www.legislation.gov.uk/ukpga/2002/1), [ss. 19(1)](https://www.legislation.gov.uk/ukpga/2002/1/section/19/1), [20(2)](https://www.legislation.gov.uk/ukpga/2002/1/section/20/2), [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/2002/1/schedule/3/paragraph/10) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2002/1/schedule/5)); [S.I. 2002/1408](https://www.legislation.gov.uk/uksi/2002/1408), [art. 2](https://www.legislation.gov.uk/uksi/2002/1408/article/2)
[^c22747111]: [1974 c.30](https://www.legislation.gov.uk/ukpga/1974/30).
[^c22747121]: [1977 c.36](https://www.legislation.gov.uk/ukpga/1977/36).
[^c22778281]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778291]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778301]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778311]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778321]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778331]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778341]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778351]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778361]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778371]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778381]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778391]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778401]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778411]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c23316401]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 58(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/58/1) (as amended by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/12)) (with Sch. 22 para. 58(3))
[^c23316411]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied (with modifications) (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 59(1)(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/59/1/2) (as amended by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37), [Sch. 5 para. 13](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/13)) (with Sch. 22 para. 59(4))
[^c23316421]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 100](https://www.legislation.gov.uk/ukpga/1996/8/section/100) (as substituted (with effect in accordance with s. 79(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 6](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/6) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c23316431]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11A(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11A/1) (as inserted (with effect in accordance with s. 79(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 11](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/11) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c23833991]: Words in [Sch. 28AA para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/1/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/2)
[^c23834871]: [Sch. 28AA para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/3) applied (with effect in accordance with Sch. 17 para. 13 of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 17 para. 12(5)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/17/paragraph/12/5)
[^c23834201]: Words in [Sch. 28AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/2) substituted (with effect in accordance with [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 8 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/1/2)
[^c23834321]: Words in [Sch. 28AA para. 4(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [103](https://www.legislation.gov.uk/uksi/2005/3229/regulation/103)
[^c23834001]: Words in [Sch. 28AA para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/1) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/a), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834011]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834021]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834031]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834041]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834051]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834061]: [Sch. 28AA para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/7) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/c)
[^c23316441]: [Sch. 28AA paras. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 87(1)-(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/1) (with [s. 87(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/4))
[^c23316461]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "relevant notice", para. (a) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/3/a)
[^c23316481]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "relevant notice", words in para. (e) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/3/b)
[^c23316501]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "voluntary amendment", paras. (a)(b) substituted for words (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/4)
[^c23834071]: [Sch. 28AA para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/1) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/4)
[^c23834081]: Word in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/a/i)
[^c23834091]: Words in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 35(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/35/2)
[^c23834101]: Words in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(a)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/a/ii)
[^c23834111]: Words in [Sch. 28AA para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2/a) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/b)
[^c23834261]: [Sch. 28AA para. 6(4A)-(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/4A) inserted (with effect in accordance with [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 8 para. 1(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/1/5)
[^c23316451]: [Sch. 28AA paras. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 87(1)-(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/1) (with [s. 87(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/4))
[^c23316521]: Words in [Sch. 28AA para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/2/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316581]: Words in [Sch. 28AA para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/2/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23316541]: [Sch. 28AA para. 8(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1/a) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/2/b) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316601]: [Sch. 28AA para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1/b) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/2/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23316561]: [Sch. 28AA para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/3) substituted for para. 8(2) (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/3) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316621]: [Sch. 28AA para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/4) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23833971]: Words in [Sch. 28AA para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23834121]: [Sch. 28AA para. 11(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834131]: Word at the end of Sch. 28AA para. 11(3)(c) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/a)
[^c23834141]: [Sch. 28AA para. 11(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/3/e) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834151]: [Sch. 28AA para. 11(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/3/e) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834161]: Words in [Sch. 28AA para. 11(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/4) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834171]: Words in [Sch. 28AA para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/12/3/b) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/8)
[^c23316641]: Words in [Sch. 28AA para. 13(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 68](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/68)
[^c23834181]: [Sch. 28AA para. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13) renumbered as para. 13(1) (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/32/4)
[^c23834191]: [Sch. 28AA para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13/2) added (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/32/4)
[^c22747221]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c23833861]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): words in definition of "losses" substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 40(2)
[^c23833881]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "medium-sized enterprise" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833891]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "non-qualifying territory" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833901]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "paragraph 6C claim" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 35(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/35/5)
[^c23833911]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "qualifying territory" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833921]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "small enterprise" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833701]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12(2ZA)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12/2ZA) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/7/2))
[^c23833711]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/16) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 8](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/8))
[^c23833721]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 28(3A)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/28/3A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/15/2))
[^c23833731]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 31A](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/31A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 15(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/15/3))
[^c23833741]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 55(1A)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/55/1A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 16(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/16/2))
[^c23834381]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/6), [Sch. 17 para. 12(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2/3)
[^c23834481]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(6)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/6) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23834391]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/6), [Sch. 17 para. 12(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2/3)
[^c23834491]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(6)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/6) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23833931]: Words in [Sch. 28AA para. 6A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23833951]: Words in [Sch. 28AA para. 6E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6E) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23834281]: Words in [Sch. 28AA para. 7A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7A/2/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23834301]: Words in [Sch. 28AA para. 7C(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7C/2/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23834811]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 340(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/340/7), [625(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/625/7), [694(8)-(10)](https://www.legislation.gov.uk/ukpga/2009/4/section/694/8), [775(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/775/3) (with [ss. 628](https://www.legislation.gov.uk/ukpga/2009/4/section/628), [629](https://www.legislation.gov.uk/ukpga/2009/4/section/629), [636](https://www.legislation.gov.uk/ukpga/2009/4/section/636), [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23834821]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 445-447](https://www.legislation.gov.uk/ukpga/2009/4/section/445) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23834881]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.12.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1), [19(6)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/19/6), [22(6)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/22/6) (with [regs. 19(7)(10)(11)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/19/7/10/11), [22(7)(9)(10)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/22/7/9/10))
[^c23834891]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.1.2010) by The Northern Rock plc (Tax Consequences) Regulations 2009 ([S.I. 2009/3227](https://www.legislation.gov.uk/uksi/2009/3227)), regs. 1, 4(3), 6(2)
[^c22780291]: [Sch. 13B para. 3(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/3/2A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/2)
[^c22780261]: Words in [Sch. 13B para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/4/1/b) inserted (with effect in accordance with [s. 39(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 39(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/9)
[^c22780281]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c22780311]: [Sch. 13B para. 5(4)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/5/4/ca) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/3)
[^c22780331]: [Sch. 13B para. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/6/4A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/4/2)
[^c22780351]: [Sch. 13B para. 6(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/6/7A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/4/3)
[^c22780371]: [Sch. 13B para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/7/3) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 5](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/5)
[^c22780391]: Words in [Sch. 13B para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/8/4) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/6/2)
[^c22780411]: [Sch. 13B para. 8(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/8/5A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/6/3)
[^c22747291]: [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48).
[^c22747301]: [1993 c. 49](https://www.legislation.gov.uk/ukpga/1993/49).
[^c22747311]: [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48).
[^c22747321]: [1993 c. 49](https://www.legislation.gov.uk/ukpga/1993/49).
[^c23389441]: Words in [Sch. 4AA para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/1/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(2)
[^c23389461]: Words in [Sch. 4AA para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/7/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(3)
[^c23389481]: [Sch. 4AA para. 13(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/13/1/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(4)
[^c23389501]: [Sch. 4AA para. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/13) heading substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(5)
[^c23822131]: [Sch. 18A Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18A/part/2) modified (28.10.2008 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2008 (S.I. 2008/2646)](https://www.legislation.gov.uk/uksi/2008/2646), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/2646/regulation/1/1), [2](https://www.legislation.gov.uk/uksi/2008/2646/regulation/2)
[^c23387701]: O.J. L374, 31.12.1991, p.7.
[^c23380011]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23380081]: O.J. L374, 31.12.1991, p.7.
[^M_C_2ff0b80a-162b-47c9-c6f4-ff0bd810eb8b]: S. 727A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/3220/regulation/4)
[^M_C_0169c535-0cbc-4d28-ef6b-3703edc5fb9c]: S. 727A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
[^M_C_35587500-78f4-49c8-c329-adb9d7d0e49d]: S. 730A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/3220/regulation/4)
[^M_C_1dee2bfc-1fd1-48cf-d531-2f5548898d8a]: S. 730A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
[^M_C_564d4cb1-5bc0-43e5-c6df-353f878c1715]: S. 737A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/3220/regulation/4)
[^M_C_ba5ef986-3485-4d3c-931e-7a14ddf29217]: S. 737A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
[^M_C_77b98302-ea88-428d-c627-5798619f8d3b]: S. 737C applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
#### Foreign pensions.
#### Section 209(3AA): link to shares of company or associated company
#### Further interpretation of sections 135 to 139.
#### Further interpretation of sections 135 to 139.
#### Cash vouchers taxable under P.A.Y.E.
#### Further interpretation of sections 135 to 139.
#### Credit-tokens.
#### Supplementary provisions.
#### Relief for contributions in respect of share option gains.
#### Travel expenses of employees not domiciled in the United Kingdom.
#### Mileage allowance relief
#### Application of lower rate to company distributions.
#### Provisions supplementary to section 138.
#### Provisions supplementary to section 138.
#### Application of sections 251B and 251C
#### Application of sections 251B and 251C
#### Children’s tax credit.
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
#### Further interpretation of sections 135 to 139.
#### Conditional acquisition of shares.
#### Meaning of “distribution”.
#### Application of lower rate to company distributions.
#### U.K. company distributions not generally chargeable to corporation tax.
#### Further interpretation of sections 135 to 139.
#### Application of lower rate to company distributions.
#### Section 209(3AA): link to shares of company or associated company
#### Exempt distributions: division of business
#### Dividend or bonus granted by industrial and provident society
#### Application of sections 251B and 251C
#### Children’s tax credit.
#### Children’s tax credit.
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
#### Life assurance premiums.
#### Eligibility for relief.
#### Eligibility for relief.
#### Aggregation of wife’s income with husband’s.
#### Eligibility for relief.
#### Companies with interests in land.
#### Restriction on withdrawal of relief under section 303.
#### Withdrawal of relief.
#### Company reconstructions without a change of ownership.
#### The conditions mentioned in section 349A(1)
#### Transfers of trade to obtain balancing allowances
#### Company reconstructions: supplemental.
#### Qualifying maintenance payments.
#### Directions disapplying section 349A(1)
#### Directions disapplying section 349A(1)
#### Directions disapplying section 349A(1)
#### Relief where borrower deceased.
#### Loan to pay inheritance tax.
#### Relevant loan interest.
#### Interest which never has been relevant loan interest etc.
#### Losses from overseas property business.
#### Losses from overseas property business.
#### Treatment of interest as a loss for purposes of carry-forward and carry-back.
#### Treatment of interest as a loss for purposes of carry-forward and carry-back.
#### Losses of ring fence trade: set off against profits of an earlier accounting period
#### Dealings in commodity futures etc: withdrawal of loss relief.
#### Transactions in deposits with and without certificates or in debts.
#### Computation of gross profits.
#### Close companies.
#### “Distribution” to include certain expenses of close companies.
#### Loans to participators etc.
#### Section 432B: apportionment of business transfer-in
#### Income or gains arising from property investment LLP
#### Determination of policy holders’ share for purposes of s.438B
#### Modifications in relation to BLAGAB group reinsurers
#### Transfers of life assurance business: Case I losses of the transferor
#### Retained assets
#### Equalisation reserves for general business.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Tariff receipts and tax-exempt tariffing receipts
#### Cases where ss. 502B to 502G do not apply: plant or machinery held as trading stock
#### Conditions to be satisfied by partners who are individuals.
#### Exceptions from section 559.
#### Conditions to be satisfied by firms.
#### Offshore income gains accruing to persons resident or domiciled abroad.
#### Offshore income gains: application of transfer of assets abroad provisions
#### Income treated as arising under section 761(1): remittance basis
##### 19
- (1) For the purpose of determining the amount of any post-commencement supplement, a qualifying company shall be taken at all times in its post-commencement periods to have—
- (a) a continuing pool of the company’s non-qualifying losses (the “non-qualifying pool”), and
- (b) a continuing mixed pool of the company’s qualifying E&A losses and post-commencement supplement (the “qualifying pool”).
- (2) A pool continues even if the amount in it is nil.
##### 20
- (1) The non-qualifying pool consists of the company’s non-qualifying losses, allocated to the pool in accordance with sub-paragraph (2).
- (2) A non-qualifying loss is allocated to the pool by adding the amount of the non-qualifying loss to the pool in the period of the loss.
- (3) In the case of a non-qualifying loss incurred in an accounting period ending on or before 31st December 2003, the period of the loss shall be taken for the purposes of sub-paragraph (2) to be the first accounting period of the company that ends on or after 1st January 2004.
- (4) The amount in the non-qualifying pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (5) Where a reduction in the amount in the non-qualifying pool falls to be made in any accounting period—
- (a) the reduction is to be made after the addition to the pool of any non-qualifying loss allocated to the pool in that period in accordance with sub-paragraph (2), and
- (b) references to the amount in the non-qualifying pool shall be construed accordingly.
##### 21
- (1) The qualifying pool consists of—
- (a) the company’s qualifying E&A losses, allocated to the pool in accordance with sub-paragraph (2)(a), and
- (b) the company’s post-commencement supplement, allocated to the pool in accordance with sub-paragraph (2)(b).
- (2) The allocation of qualifying E&A losses and post-commencement supplement to the pool is as follows—
- (a) the amount of a qualifying E&A loss is added to the pool in the period of the loss, and
- (b) if any post-commencement supplement is allowed on a claim in respect of a post-commencement period, the amount of that supplement is added to the pool in that period.
- (3) The amount in the qualifying pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (4) Where a reduction in the amount in the qualifying pool falls to be made in any accounting period, the reduction is to be made—
- (a) after the addition to the pool of the amount of any qualifying E&A losses allocated to the pool in that period in accordance with sub-paragraph (2)(a), but
- (b) before determining, and adding to the pool, the amount of any supplement claimed in respect of the period,
and references to the amount in the pool shall be construed accordingly.
##### 22
- (1) If one or more ring fence losses are set off under section 393 against any profits of a post-commencement period, reductions shall be made in that period in accordance with this paragraph.
- (2) The amount in the non-qualifying pool shall be reduced (but not below nil) by setting against it a sum equal to the total amount so set off.
- (3) If any of that sum remains after being so set against the amount in the non-qualifying pool, the amount in the qualifying pool shall be reduced (but not below nil) by setting against it so much of that sum as so remains.
##### 23
- (1) If there is an amount of unrelieved group ring fence profits for a post-commencement period, reductions shall be made in that period in accordance with this paragraph.
- (2) In the following provisions of this paragraph, references to the remaining amount in a pool are references to so much (if any) of the amount in the pool as remains after making any reductions that fall to be made in accordance with paragraph 22.
- (3) The remaining amount in the non-qualifying pool shall be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (4) If any of that sum remains after being so set against the remaining amount in the non-qualifying pool, the remaining amount in the qualifying pool shall be reduced (but not below nil) by setting against it so much of that sum as so remains.
##### 24
For the purposes of this Part of this Schedule the reference amount for a post-commencement period is so much of the amount in the qualifying pool as remains after making any reductions required by paragraph 22 or 23.
## SCHEDULE 19C
## Part 1 — Introductory
### About this Schedule
##### 1
- (1) This Schedule entitles a company carrying on a ring fence trade, on making a claim in respect of an accounting period beginning on or after 1st January 2006, to a supplement (initially of 6%, but variable by Treasury order) in respect of—
- (a) qualifying pre-commencement expenditure incurred before the trade is set up and commenced,
- (b) losses incurred in the trade, and
- (c) some or all of the supplement allowed in respect of earlier periods.
- (2) Part 2 makes provision about the application and interpretation of this Schedule.
- (3) Part 3 makes provision about supplement in relation to expenditure incurred by the company—
- (a) with a view to carrying on a ring fence trade, but
- (b) in an accounting period before the company sets up and commences that trade.
- (4) Part 4 makes provision about supplement in relation to losses incurred in carrying on the ring fence trade.
- (5) There is a limit on the number of accounting periods (6) in respect of which a company may claim supplement.
- (6) In determining the amount of supplement allowable, reductions fall to be made in respect of—
- (a) disposal receipts in respect of any asset representing qualifying pre-commencement expenditure,
- (b) ring fence losses that could be set off under section 393A against ring fence profits of earlier periods,
- (c) ring fence losses incurred in earlier periods that fall to be set off under section 393 against profits of succeeding periods,
- (d) unrelieved group ring fence profits.
## Part 2 — Application and interpretation
### Qualifying companies
##### 2
This Schedule applies in relation to any company which—
- (a) carries on a ring fence trade, or
- (b) is engaged in any activities with a view to carrying on a ring fence trade,
and in this Schedule any such company is referred to as a “*qualifying company*”.
### Accounting periods
##### 3
- (1) In this Schedule, in the case of any qualifying company,—
- “*the commencement period*” means the accounting period in which the company sets up and commences its ring fence trade;
- “*post-commencement period*” means any accounting period beginning on or after 1st January 2006—which is the commencement period, orwhich ends after the commencement period;
- “*pre-commencement period*” means any accounting period—beginning on or after 1st January 2006, andending before the commencement period.
- (2) For the purposes of this Schedule a company not within the charge to corporation tax which incurs any expenditure is to be treated as having such accounting periods as it would have if—
- (a) it carried on a trade consisting of the activities in respect of which the expenditure is incurred, and
- (b) it had started to carry on that trade when it started to carry on the activities in the course of which the expenditure is incurred.
- (3) In the case of an accounting period (a “straddling period”) of any qualifying company beginning before 1st January 2006 and ending on or after that date—
- (a) so much of the straddling period as falls before 1st January 2006, and
- (b) so much of the straddling period as falls on or after that date,
are treated as separate accounting periods for the purposes of this Schedule.
- (4) But special provision is made elsewhere in this Schedule in relation to straddling periods (see paragraphs 5, 18 and 21(4) to (6)).
### The relevant percentage
##### 4
- (1) For the purposes of this Schedule, the relevant percentage for any accounting period beginning on or after 1st January 2006 is 6%.
- (2) The Treasury may by order vary the percentage for the time being specified in sub-paragraph (1) above for such accounting periods as may be specified in the order.
### Limit on number of accounting periods for which supplement may be claimed
##### 5
- (1) A company may claim supplement under this Schedule in respect of no more than 6 accounting periods.
- (2) The accounting periods in respect of which claims are made need not be consecutive.
- (3) A claim for supplement by the company under Schedule 19B (exploration expenditure supplement) in respect of an accounting period is to count for the purposes of this paragraph as a claim for supplement under this Schedule in respect of that accounting period.
- (4) But, if the company makes a claim for supplement under this Schedule in respect of the deemed accounting period, any claim for supplement by the company under Schedule 19B in respect of the Schedule 19B deemed accounting period is to be ignored for the purposes of this paragraph.
- (5) For this purpose—
- “*the deemed accounting period*” means the deemed accounting period under paragraph 3(3) beginning on 1st January 2006, and
- “*the Schedule 19B deemed accounting period*” means the deemed accounting period under paragraph 3(3) of Schedule 19B ending before 1st January 2006.
### Qualifying pre-commencement expenditure
##### 6
- (1) For the purposes of this Schedule, expenditure is “qualifying pre-commencement expenditure” if it meets conditions A to D.
- (2) Condition A is that the expenditure is incurred on or after 1st January 2006.
- (3) Condition B is that the expenditure is incurred in the course of oil extraction activities.
- (4) Condition C is that the expenditure is incurred by a person with a view to carrying on a ring fence trade but before the person sets up and commences the ring fence trade.
- (5) Condition D is that the expenditure—
- (a) is subsequently allowable as a deduction in calculating the profits of the ring fence trade for the commencement period (whether or not any part of it is so allowable for any post-commencement period), or
- (b) is relevant R&D expenditure incurred by an SME.
- (6) For the purposes of this paragraph, expenditure incurred by a company is “relevant R&D expenditure incurred by an SME” if—
- (a) the company makes an election under paragraph 14 of Schedule 20 to the Finance Act 2000 (R&D tax relief for SMEs: alternative treatment of pre-trading expenditure) in respect of that expenditure, but
- (b) the company does not make a claim for an R&D tax credit under that Schedule in respect of that expenditure.
- (7) In the case of any qualifying pre-commencement expenditure which is relevant R&D expenditure incurred by an SME, the amount of that expenditure is treated for the purposes of this Schedule as being equal to 150% of its actual amount.
- (8) In the case of any qualifying pre-commencement expenditure which is relevant R&D expenditure incurred by a large company, the amount of that expenditure is treated for the purposes of this Schedule as being equal to 125% of its actual amount.
- (9) For this purpose “*relevant R&D expenditure incurred by a large company*” means qualifying expenditure within the meaning given by paragraph 11(3) of Schedule 12 to the Finance Act 2002 (R&D tax relief for large companies).
### Unrelieved group ring fence profits for accounting periods
##### 7
- (1) There is an amount of unrelieved group ring fence profits for an accounting period of a qualifying company (“company Q”) if—
- (a) the company and any other company (“company X”) are members of the same group of companies, within the meaning given by section 413(3)(a), and
- (b) company X has an amount of taxable ring fence profits (see paragraph 8) for a corresponding accounting period.
- (2) An accounting period of company X corresponds to an accounting period of company Q if—
- (a) it coincides with, or falls wholly within, the accounting period of company Q, or
- (b) it falls partly within the accounting period of company Q.
- (3) If an accounting period of company X—
- (a) coincides with an accounting period of company Q, or
- (b) falls wholly within an accounting period of company Q,
there is, for the accounting period of company Q, an amount of unrelieved group ring fence profits equal to the whole of company X's taxable ring fence profits for its accounting period.
- (4) If an accounting period of company X falls partly within an accounting period of company Q—
- (a) there is an amount of unrelieved group ring fence profits for the accounting period of company Q, and
- (b) that amount is an amount equal to the part of company X's taxable ring fence profits for its accounting period that is attributable, on an apportionment in accordance with section 834(4), to the part of that period which falls within the accounting period of company Q.
- (5) This paragraph applies for the purposes of this Schedule.
### Taxable ring fence profits of an accounting period
##### 8
For the purposes of this Schedule, a company has taxable ring fence profits for an accounting period if it has an amount of ring fence profits which is chargeable to corporation tax for that accounting period after any group relief claimed under Chapter 4 of Part 10.
## Part 3 — Pre-commencement supplement
### Supplement in respect of a pre-commencement accounting period
##### 9
- (1) If—
- (a) a qualifying company incurs qualifying pre-commencement expenditure in respect of a ring fence trade, and
- (b) the expenditure is incurred before the commencement period,
the company may claim supplement under this Part of this Schedule (“pre-commencement supplement”) in respect of one or more pre-commencement periods.
- (2) Any pre-commencement supplement allowed on a claim in respect of a pre-commencement period is to be treated as expenditure—
- (a) which is incurred by the company in the commencement period, and
- (b) which is allowable as a deduction in calculating the profits of the ring fence trade for that period.
- (3) The amount of the supplement for any pre-commencement period in respect of which a claim under this paragraph is made is the relevant percentage for that period of the reference amount for that period.
- (4) If the pre-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) is to be reduced proportionally.
- (5) Paragraphs 10 to 13 have effect for the purpose of determining the reference amount for a pre-commencement period.
### The mixed pool of qualifying pre-commencement expenditure and supplement previously allowed
##### 10
- (1) For the purpose of determining the amount of any pre-commencement supplement, a qualifying company is to be taken to have had, at all times in the pre-commencement periods of the company, a continuing mixed pool of—
- (a) the relevant amount (if any) which the company carries forward under Schedule 19B,
- (b) qualifying pre-commencement expenditure, and
- (c) pre-commencement supplement.
- (2) The pool is to be taken to have consisted of—
- (a) the relevant amount (if any) which the company carries forward under Schedule 19B,
- (b) the company's qualifying pre-commencement expenditure, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (3), and
- (c) the company's pre-commencement supplement, allocated to the pool for each pre-commencement period in accordance with sub-paragraph (4).
- (3) To allocate qualifying pre-commencement expenditure to the pool for any pre-commencement period, take the following steps—
- (a) *Step 1:* count as eligible expenditure for that period so much of the qualifying pre-commencement expenditure mentioned in paragraph 9(1) as was incurred in that period,
- (b) *Step 2:* find the total of all the eligible expenditure for that period (amount E),
- (c) *Step 3:* if paragraph 11 applies, reduce amount E in accordance with that paragraph,
- (d) *Step 4:* if paragraph 12 applies, reduce (or, as the case may be, further reduce) amount E in accordance with that paragraph,
and so much of amount E as remains after making those reductions is to be taken to have been added to the pool in that period.
- (4) If any pre-commencement supplement is allowed on a claim in respect of a pre-commencement period, the amount of that supplement is to be taken to have been added to the pool in that period.
- (5) In this paragraph references to the relevant amount (if any) which the company carries forward under Schedule 19B are to the amount in its mixed pool for the purposes of Part 3 of Schedule 19B immediately before 1st January 2006.
### Reduction in respect of disposal receipts under the Capital Allowances Act
##### 11
- (1) This paragraph applies in the case of the qualifying company if—
- (a) it incurs qualifying pre-commencement expenditure in respect of a ring fence trade in any pre-commencement period,
- (b) it would, on the relevant assumption, be entitled to an allowance under any provision of the Capital Allowances Act in respect of that expenditure,
- (c) an event occurs in relation to any asset representing the expenditure in any pre-commencement period, and
- (d) the event would, on the relevant assumption, require a disposal value (the “deductible amount”) to be brought into account under any provision of the Capital Allowances Act for any pre-commencement period.
- (2) The relevant assumption is that the company was carrying on the ring fence trade—
- (a) when the expenditure was incurred, and
- (b) when the event giving rise to the disposal value occurred.
- (3) For the purpose of allocating qualifying pre-commencement expenditure to the pool for each pre-commencement period—
- (a) find the total amount of the disposal values in the case of all such events (amount D), and
- (b) taking later periods before earlier periods, reduce (but not below nil) amount E for any pre-commencement period by setting against it so much of amount D as does not fall to be set against amount E for a later pre-commencement period.
### Reduction in respect of unrelieved group ring fence profits
##### 12
- (1) This paragraph applies if there is an amount of unrelieved group ring fence profits for a pre-commencement period.
- (2) For the purpose of allocating qualifying pre-commencement expenditure to the pool for that period—
- (a) find so much (if any) of amount E for that period as remains after any reduction falling to be made under paragraph 11, and
- (b) reduce that amount (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
### The reference amount for a pre-commencement period
##### 13
For the purposes of this Part of this Schedule, the reference amount for a pre-commencement period is the amount in the pool at the end of the period—
- (a) after the addition to the pool of any qualifying pre-commencement expenditure allocated to the pool for that period in accordance with paragraph 10(3), but
- (b) before determining, and adding to the pool, the amount of any pre-commencement supplement claimed in respect of the period.
### Claims for pre-commencement supplement
##### 14
- (1) Any claim for pre-commencement supplement in respect of a pre-commencement period must be made as a claim for the commencement period.
- (2) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) applies in relation to a claim for pre-commencement supplement as it applies in relation to a claim for group relief.
## Part 4 — Post-commencement supplement
### Supplement in respect of a post-commencement period
##### 15
- (1) A qualifying company which incurs a ring fence loss (see paragraph 17) in a post-commencement period may claim supplement under this Part of this Schedule (“post-commencement supplement”) in respect of—
- (a) that period, or
- (b) any subsequent accounting period in which it carries on its ring fence trade.
- (2) Any post-commencement supplement allowed on a claim in respect of a post-commencement period is to be treated for the purposes of the Corporation Tax Acts (other than this Part of this Schedule or Part 4 of Schedule 19B) as if it were a loss—
- (a) which is incurred in carrying on the ring fence trade in that period, and
- (b) which falls in whole to be set off under section 393 against trading income from the ring fence trade in succeeding accounting periods.
- (3) Paragraph 74 of Schedule 18 to the Finance Act 1998 (company tax returns etc: time limit for claims for group relief) applies in relation to a claim for post-commencement supplement as it applies in relation to a claim for group relief.
### Amount of post-commencement supplement for a post-commencement period
##### 16
- (1) The amount of the post-commencement supplement for any post-commencement period in respect of which a claim under paragraph 15 is made is the relevant percentage for that period of the reference amount for that period.
- (2) If the post-commencement period is a period of less than twelve months, the amount of the supplement for the period (apart from this sub-paragraph) is to be reduced proportionally.
- (3) Paragraphs 19 to 23 have effect for the purpose of determining the reference amount for a post-commencement period.
### Ring fence losses
##### 17
- (1) If—
- (a) in any post-commencement period (“the period of the loss”) a qualifying company carrying on a ring fence trade incurs a loss in the trade, and
- (b) some or all of the loss falls to be set off under section 393 against trading income from the trade in succeeding accounting periods,
so much of the loss as falls to be so set off is a “ring fence loss” of the company.
- (2) In determining for the purposes of this Part of this Schedule how much of a loss incurred in a ring fence trade falls to be set off as mentioned in sub-paragraph (1)(b), the following assumption is to be made.
- (3) The assumption is that every claim is made that could be made by the company under section 393A to set losses incurred in the ring fence trade against ring fence profits of earlier post-commencement periods.
- (4) This paragraph is subject to paragraph 18 (special rule for straddling periods).
- (5) This paragraph has effect for the purposes of this Part of this Schedule.
### Special rule for straddling periods
##### 18
- (1) This paragraph applies if the period of the loss in which a ring fence loss is incurred is the deemed accounting period under paragraph 3(3) beginning on 1st January 2006 (“the deemed accounting period”).
- (2) The amount of the ring fence loss in the deemed accounting period is determined as follows.
- *Step 1*
- Calculate so much of the ring fence loss in the straddling period as, for the purposes of Part 4 of Schedule 19B, is attributable to qualifying E&A allowances for the straddling period.
- The amount given by this step is “the qualifying Schedule 19B amount”.
- *Step 2*
- Calculate so much of the ring fence loss in the straddling period as is attributable to allowances for the straddling period under Part 6 of the Capital Allowances Act in respect of relevant expenditure.
- For the purposes of this step “*relevant expenditure*” means expenditure incurred by the company on or after 1st January 2006 which, but for that fact, would be qualifying E&A expenditure for the purposes of Schedule 19B.
- For the purposes of this step a ring fence loss is attributable to those allowances to the extent that the amount of the loss (less the qualifying Schedule 19B amount) does not exceed the amount of those allowances for that period.
- The amount given by this step is “the amount of the post-1st January 2006 E&A allowances”.
- *Step 3*
- Deduct the qualifying Schedule 19B amount and the amount of the post-1st January 2006 E&A allowances from the amount of the ring fence loss in the straddling period.
- *Step 4*
- Apportion the remaining amount of that loss (if any) to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- The amount given by this step is “the amount of the apportioned loss”.
- *Step 5*
- The amount of the ring fence loss in the deemed accounting period is the amount of the apportioned loss plus the amount of the post-1st January 2006 E&A allowances.
- (3) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company—
- (a) beginning before 1st January 2006, and
- (b) ending on or after that date,
disregarding paragraph 3(3).
- (4) In this paragraph references to the ring fence loss in the straddling period are to that loss determined on the assumption that the straddling period is the period of the loss for the purposes of paragraph 17.
- (5) This paragraph has effect for the purposes of this Part of this Schedule.
### The pool of ring fence losses and the pool of non-qualifying Schedule 19B losses
##### 19
- (1) For the purpose of determining the amount of any post-commencement supplement, a qualifying company is to be taken at all times in its post-commencement periods to have a continuing mixed pool (the “ring fence pool”) of—
- (a) the carried forward qualifying Schedule 19B amount,
- (b) the company's ring fence losses, and
- (c) post-commencement supplement.
- (2) The ring fence pool continues even if the amount in it is nil.
- (3) For the purpose of determining the amount of any post-commencement supplement, a qualifying company is also to be taken in its post-commencement periods to have a non-qualifying pool consisting of the carried forward non-qualifying Schedule 19B amount.
- (4) But the non-qualifying pool ceases to exist when the amount in it is reduced to nil.
- (5) In this paragraph—
- “*the carried forward qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006, and
- “*the carried forward non-qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its non-qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006.
### The ring fence pool
##### 20
- (1) The ring fence pool consists of—
- (a) the carried forward qualifying Schedule 19B amount,
- (b) the company's ring fence losses, allocated to the pool in accordance with sub-paragraph (2)(a), and
- (c) the company's post-commencement supplement, allocated to the pool in accordance with sub-paragraph (2)(b).
- (2) The allocation of ring fence losses and post-commencement supplement to the pool is as follows—
- (a) the amount of a ring fence loss is added to the pool in the period of the loss, and
- (b) if any post-commencement supplement is allowed on a claim in respect of a post-commencement period, the amount of that supplement is added to the pool in that period.
- (3) The amount in the ring fence pool is subject to reductions in accordance with the following provisions of this Part of this Schedule.
- (4) If a reduction in the amount in the ring fence pool falls to be made in any accounting period, the reduction is to be made—
- (a) after the addition to the pool of the amount of any ring fence losses allocated to the pool in that period in accordance with sub-paragraph (2)(a), but
- (b) before determining, and adding to the pool, the amount of any supplement claimed in respect of the period,
and references to the amount in the pool are to be read accordingly.
- (5) In this paragraph “*the carried forward qualifying Schedule 19B amount*”, in relation to a qualifying company, means the amount in its qualifying pool for the purposes of Part 4 of Schedule 19B immediately before 1st January 2006.
### Reductions in respect of utilised ring fence losses
##### 21
- (1) If one or more ring fence losses are set off under section 393 against any profits of a post-commencement period, reductions are to be made in that period in accordance with this paragraph.
- (2) If the company has a non-qualifying pool, the amount in the non-qualifying pool is to be reduced (but not below nil) by setting against it a sum equal to the total amount so set off.
- (3) If—
- (a) any of that sum remains after being so set against the amount in the non-qualifying pool, or
- (b) the company does not have a non-qualifying pool,
the amount in the ring fence pool is to be reduced (but not below nil) by setting against it so much of that sum as so remains or (as the case may be) a sum equal to the total amount set off as mentioned in sub-paragraph (1).
- (4) If the post-commencement period is the deemed accounting period under paragraph 3(3) beginning on 1st January 2006 (“the deemed accounting period”), the amount of the profits of the deemed accounting period is determined as follows.
- (5) The amount of the profits of the straddling period is apportioned to the deemed accounting period in proportion to the number of days in the deemed accounting period that fall in the straddling period.
- (6) The apportioned amount is taken for the purposes of this paragraph to be the amount of the profits of the deemed accounting period.
- (7) In this paragraph “*the straddling period*”, in relation to a qualifying company, means an accounting period of the company—
- (a) beginning before 1st January 2006, and
- (b) ending on or after that date,
disregarding paragraph 3(3).
### Reductions in respect of unrelieved group ring fence profits
##### 22
- (1) If there is an amount of unrelieved group ring fence profits for a post-commencement period, reductions are to be made in that period in accordance with this paragraph.
- (2) If, after making any reductions that fall to be made in accordance with paragraph 21, the company does not have a non-qualifying pool, the remaining amount in the ring fence pool is to be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (3) If, after making any reductions that fall to be made in accordance with paragraph 21, the company has an amount in a non-qualifying pool, the amount in that pool is to be reduced (but not below nil) by setting against it a sum equal to the aggregate of the amounts of unrelieved group ring fence profits for the period.
- (4) If any of that sum remains after being so set against the amount in the non-qualifying pool, the remaining amount in the ring fence pool is to be reduced (but not below nil) by setting against it so much of that sum as so remains.
- (5) For the purposes of this paragraph references to the remaining amount in the ring fence pool are references to so much (if any) of the amount in the ring fence pool as remains after making any reductions that fall to be made in accordance with paragraph 21.
### The reference amount for a post-commencement period
##### 23
For the purposes of this Part of this Schedule the reference amount for a post-commencement period is so much of the amount in the ring fence pool as remains after making any reductions required by paragraph 21 or 22.
##### 3A
Any investment in a common deposit fund established under section 22A of the Charities Act 1960 or section 25 of the Charities Act 1993 or in any similar fund established for the exclusive benefit of charities by or under any enactment relating to any particular charities or class of charities.
##### 6A
Shares in an open-ended investment company.
##### 7A
Uncertificated eligible debt security units as defined in section 552(2) of ITTOIA 2005.
##### 7A
- (1) This paragraph applies if a calculation falls to be made under paragraph 7 above in a case where—
- (a) relief is to be given under section 454 of ITTOIA 2005 (listed deeply discounted securities held since 26th March 2003: relief for losses) in respect of a loss sustained on the disposal of securities, and
- (b) had there been a profit on the disposal it would have been eligible for relief from tax for the year of assessment in which the loss is sustained by virtue of section 592(2).
- (2) That relief is to be given before the calculation under paragraph 7 above is made.
- (3) Then the amount of income to which the specified percentage is applied by virtue of sub-paragraph (3)(a) of that paragraph is reduced by the amount of that relief.
- (4) In this paragraph “*disposal*” has the same meaning as in Chapter 8 of Part 4 of ITTOIA 2005.
## SCHEDULE 23ZA
### Interpretation
##### 1
- (1) In this Schedule—
- “*the date of the change*” shall be construed in accordance with paragraph 3(2) below;
- “*eligible scheme*” shall be construed in accordance with paragraph 2(4) below;
- “*the personal pension provisions of this Act*” means this Schedule and the other provisions of Chapter IV of Part XIV;
- “*prescribed*” (except in paragraph 2(3)(c)) means specified in, or determined in accordance with, regulations;
- “*regulations*” means regulations made by the Board.
- (2) Any power conferred by this Schedule to make regulations includes power to make different provision for different cases or different purposes.
### Eligible schemes
##### 2
- (1) This Schedule applies to any retirement benefits scheme which is for the time being approved under Chapter I of Part XIV.
- (2) Sub-paragraph (1) above is subject to the following provisions of this paragraph.
- (3) This Schedule applies to a retirement benefits scheme only if—
- (a) it is an occupational pension scheme, as defined in section 1 of the Pension Schemes Act 1993 or section 1 of the Pensions Schemes (Northern Ireland) Act 1993;
- (b) it is a money-purchase scheme, as defined in section 181 of the Pension Schemes Act 1993 or section 176 of the Pensions Schemes (Northern Ireland) Act 1993;
- (c) any documents relating to the scheme which are prescribed under section 631(1) are such that, subject to approval under paragraph 3 below, the scheme is capable of being an approved personal pension scheme for the purposes of Chapter IV of Part XIV as from the date of the change; and
- (d) such other conditions as may be prescribed are satisfied in the case of the scheme.
- (4) Any retirement benefits scheme to which this Schedule applies is referred to in this Schedule as an “eligible scheme".
### Approval of eligible schemes as approved personal pension schemes
##### 3
- (1) The trustees of an eligible scheme may at any time on or after 1st October 2000 apply to the Board for approval of the scheme under this paragraph.
- (2) If an application under sub-paragraph (1) above is granted, the eligible scheme shall, as from such date as the Board may specify in granting the application (the “*date of the change*”),—
- (a) irrevocably cease to be approved, and to be capable of approval, under Chapter I of Part XIV; and
- (b) become an approved personal pension scheme (and subject accordingly to section 631(4) and the other provisions of Chapter IV of Part XIV).
- (3) The date of the change must not be earlier than 6th April 2001.
- (4) An application under sub-paragraph (1) above shall be in such form, shall contain such information, and shall be accompanied by such documents, in such form, and prepared as at such time, as the Board may prescribe.
- (5) The Board may at their discretion grant or refuse an application under sub-paragraph (1) above.
- (6) The Board’s discretion under sub-paragraph (5) above shall be subject to the restrictions set out in sections 632 to 638A and this Schedule.
- (7) The Board shall give notice to the applicant of the grant or refusal of an application.
- (8) A notice under sub-paragraph (7) above shall, in the case of a refusal, state the grounds for the refusal.
- (9) If, at any time after the making of an application under sub-paragraph (1) above, the eligible scheme concerned ceases to be approved under Chapter I of Part XIV otherwise than by virtue of the operation of sub-paragraph (2)(a) above, the scheme shall not, by virtue of that application, become an approved personal pension scheme.
### Excessive funding of certain individual members
##### 4
- (1) The Board may refuse or withhold approval under paragraph 3 above in the case of an eligible scheme of a prescribed description if or so long as they are not satisfied that prescribed requirements will be fulfilled with respect to—
- (a) the value of any prescribed benefits which may be provided for or in respect of an individual member of a prescribed description, and
- (b) the value of the assets held for the purpose of providing benefits for or in respect of that member,
if approval under paragraph 3 above is granted.
- (2) Regulations may make provision for or in connection with cases where the value mentioned in paragraph (b) of sub-paragraph (1) above exceeds, or exceeds by more than a prescribed percentage, the value mentioned in paragraph (a) of that sub-paragraph.
- (3) The provision that may be made by virtue of sub-paragraph (2) above includes provision for or in connection with eliminating or reducing any such excess within a prescribed period by one or more prescribed methods.
- (4) Regulations may make provision for the purposes of this paragraph for or in connection with—
- (a) the valuation of benefits; or
- (b) the valuation of assets.
- (5) The provision that may be made by virtue of sub-paragraph (4)(a) or (b) above includes provision with respect to, or in connection with,—
- (a) the person by whom any such valuation is to be made;
- (b) the method or principles of valuation to be used;
- (c) certification of any such valuations and of any prescribed matters relating to or connected with them;
- (d) any facts, matters or assumptions by reference to which any such valuation is to be made;
- (e) any tables to be used for the purpose of making any such valuation;
- (f) the basis on which any such tables are to be prepared;
- (g) the manner in which any such tables are to be applied.
- (6) The methods or principles of valuation and the tables that may be prescribed by virtue of sub-paragraph (5) above include methods or principles or, as the case may be, tables published by the Government Actuary for any purposes of the personal pension provisions of this Act.
### Directions as to contributions between valuation and date of change etc.
##### 5
- (1) The Board may give directions for or in connection with—
- (a) prohibiting the making of contributions during the post-valuation period, or
- (b) restricting the amount of the contributions that may be made during that period,
by or in respect of members of a converting scheme.
- (2) Directions under sub-paragraph (1) above—
- (a) may be given in respect of schemes generally, schemes of a particular description or any particular scheme or schemes; and
- (b) may make different provision in relation to different schemes or different members.
- (3) Any directions under sub-paragraph (1) above must be complied with by—
- (a) the trustees and managers, or administrators, of any scheme to which the directions relate;
- (b) any member of such a scheme to whom the directions relate; and
- (c) any person who is the employer of such a member.
- (4) If there is any contravention of, or failure to comply with, directions under sub-paragraph (1) above, the Board may—
- (a) refuse or withhold approval of the conversion application in question; or
- (b) revoke or vary any approval granted or any conditions pending the satisfaction of which approval is withheld.
- (5) Sub-paragraph (4) above is without prejudice to any other powers of the Board.
- (6) In this paragraph—
- “*conversion application*”, in the case of a converting scheme, means the application under paragraph 3(1) above in respect of the scheme;
- “*converting scheme*” means a scheme in respect of which an application under paragraph 3(1) above has been made and not withdrawn or finally refused;
- “*the post-valuation period*”, in the case of a converting scheme, means the period which—begins with the day as at which any valuation for the purposes of paragraph 4 above is made in connection with the conversion application; andends with the day preceding the date of the change (or, if earlier, the date on which the conversion application is withdrawn or finally refused).
- (7) For the purposes of this paragraph, an application is “*finally refused*” when it has been refused by the Board and—
- (a) the time for appealing under section 651 against the refusal has expired without such an appeal being made; or
- (b) an appeal under that section against the refusal has been withdrawn or finally disposed of in a way which affirms refusal of the application.
- (8) Any directions under this paragraph must be given in writing.
### Scheme rules to allow changes for purpose of conversion
##### 6
An approved retirement benefits scheme shall be taken to include provisions allowing the making of changes to any provisions of the scheme for the purpose of enabling the scheme to become an eligible scheme, notwithstanding anything to the contrary in any provision of the scheme.
## Schedule 23A
### Interpretation
##### 1
- (1) In this Schedule—
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*dividend manufacturer*” has the meaning given by paragraph 2(1) below;
- “*dividend manufacturing regulations*” means regulations made by the Treasury under this Schedule;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*interest manufacturer*” has the meaning given by paragraph 3(1) below;
- “*manufactured dividend*”, “*manufactured interest*” and “*manufactured overseas dividend*” shall be construed respectively in accordance with paragraphs 2, 3 and 4 below, as shall references to the gross amount thereof;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*overseas dividend*” means any interest, dividend or other annual payment payable in respect of any overseas securities;
- “*overseas dividend manufacturer*” has the meaning given by paragraph 4(1) below;
- “*overseas securities*” means—shares, stock or other securities issued by a government or public or local authority of a territory outside the United Kingdom or by any other body of persons not resident in the United Kingdom;. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*overseas tax*” means tax under the law of a territory outside the United Kingdom;
- “*overseas tax credit*” means any such credit under the law of a territory outside the United Kingdom in respect of overseas tax as corresponds to a tax credit;
- “*prescribed*” means prescribed in dividend manufacturing regulations;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*securities*” includes any loan stock or similar security;
- “*transfer*” includes any sale or other disposal;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*United Kingdom equities*” means shares of any company resident in the United Kingdom;
- “*United Kingdom securities*” means securities of the government of the United Kingdom, of any public or local authority in the United Kingdom or of any company or other body resident in the United Kingdom, but does not include . . . United Kingdom equities.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured dividends on UK equities: general
##### 2
- (1) This paragraph applies in any case where, under a contract or other arrangements for the transfer of United Kingdom equities, one of the parties (a “*dividend manufacturer*”) is required to pay to the other (“*the recipient*”) an amount (a “*manufactured dividend*”) which is representative of a dividend on the equities.
- (2) Where a manufactured dividend is paid by a dividend manufacturer who is a company resident in the United Kingdom, the Tax Acts shall have effect—
- (a) in relation to the recipient, and persons claiming title through or under him, as if the manufactured dividend were a dividend on the UK equities in question; and
- (b) in relation to the dividend manufacturer, as if the amount paid were a dividend of his.
- (3) Where a manufactured dividend to which sub-paragraph (2) above does not apply is paid by any person—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the Tax Acts shall have effect in relation to the recipient, and persons claiming title through or under him, as if the manufactured dividend were a dividend on the United Kingdom equities in question; and
- (c) the Tax Acts shall have effect in relation to the dividend manufacturer subject to the provisions of paragraph 2A below.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . Where—
- (a) a dividend manufacturer pays a manufactured dividend to which sub-paragraph (3) above applies, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
the dividend manufacturer shall, on paying the manufactured dividend, provide the recipient with a statement in writing setting out the matters specified in sub-paragraph (7) below.
- (7) Those matters are—
- (a) the amount of the manufactured dividend;
- (b) the date of the payment of the manufactured dividend; and
- (c) the amount of the tax credit to which, by virtue of sub-paragraph (3)(b) above, the recipient or a person claiming title through or under him either—
- (i) is entitled in respect of the manufactured dividend, or
- (ii) would be so entitled were all the conditions of a right to a tax credit satisfied, in the case of the recipient or that person, as respects the dividend which the recipient is deemed to receive.
- (8) The duty imposed by sub-paragraph (6) above shall be enforceable at the suit or instance of the recipient.
### Manufactured interest on United Kingdom securities
##### 3
- (1) This paragraph applies (subject to paragraph 3A below) in any case where, under a contract or other arrangements for the transfer of United Kingdom securities, one of the parties (an “interest manufacturer”) is required to pay to the other (“*the recipient*”) an amount (“*the manufactured interest*”) which is representative of a periodical payment of interest on the securities.
- (2) For the relevant purposes of the Tax Acts, in their application in relation to the interest manufacturer—
- (a) the manufactured interest shall be treated, except in determining whether it is deductible, as if it—
- (i) were an annual payment to the recipient, but
- (ii) were neither yearly interest nor an amount payable wholly out of profits or gains brought into charge for income tax;
- (b) the gross amount of that deemed annual payment shall be taken—
- (i) to be equal to the gross amount of the interest of which the manufactured interest is representative; and
- (ii) to constitute income of the recipient falling within section 1A;
and
- (c) an amount equal to so much of the gross amount of the manufactured interest as is not otherwise deductible shall be allowable as a deduction against the total income or, as the case may be, total profits of the interest manufacturer , but only to the extent that—
- (i) it would be so allowable if it were interest, or
- (ii) so far as not falling within sub-paragraph (i) above, it falls within sub-paragraph (2A) below.
- (2A) An amount of manufactured interest falls within this sub-paragraph if and to the extent that the interest manufacturer—
- (a) receives the periodical payment of interest on the securities which is represented by the manufactured interest, or receives a payment which is representative of that periodical payment of interest, and is chargeable to income tax (and see section 714(5) for the amount so chargeable in a case where section 714(4) applies) on the periodical payment or representative payment so received;
- (b) is, by virtue of section 714(2), chargeable to income tax on income in respect of transfers of securities which are subject to the arrangement giving rise to the payment of manufactured interest; or
- (c) is treated under section 730A (repos) as receiving a payment of interest in respect of the securities and is chargeable to income tax on that payment.
- (2B) Where an amount is allowable under sub-paragraph (2)(c) above by reference to the whole or any part of—
- (a) a periodical payment of interest, or a payment representative of such a payment, falling within paragraph (a) of sub-paragraph (2A) above,
- (b) a sum falling within paragraph (b) of that sub-paragraph, or
- (c) a payment of interest which a person is treated as receiving, as mentioned in paragraph (c) of that sub-paragraph,
(the “*utilised portion*” of the interest, sum or other payment) no other amount shall be allowable under sub-paragraph (2)(c) above by reference to all or any of the utilised portion of the interest, sum or other payment.
- (3) For the relevant purposes of the Tax Acts, in their application in relation to the recipient and any persons claiming title through or under him—
- (a) the manufactured interest shall be treated as if it were a periodical payment of interest on the securities in question; and
- (b) the gross amount of that deemed periodical payment of interest shall be taken to be equal to the gross amount of the interest of which the manufactured interest is representative.
- (4) Sub-paragraph (2) above shall not require any deduction of tax to be made by the interest manufacturer if—
- (a) the interest manufacturer is not resident in the United Kingdom, and
- (b) the manufactured interest is paid otherwise than in the course of a trade carried on by the interest manufacturer in the United Kingdom through a branch or agency.
- (5) Where, in a case falling within sub-paragraph (4)(a) and (b) above, the recipient—
- (a) is resident in the United Kingdom, or
- (b) (without being so resident) receives the manufactured interest for the purposes of a trade carried on by him in the United Kingdom through a branch or agency,
the recipient shall be liable to account for income tax in respect of the manufactured interest.
- (6) The amount of the income tax for which the recipient is liable to account under sub-paragraph (5) above is the amount equal to the income tax which the interest manufacturer, had he been resident in the United Kingdom, would have been required, in respect of the manufactured interest, to account for and pay by virtue of sub-paragraph (2) above.
- (7) For the purposes of sub-paragraph (2) above, if the interest manufacturer is a company which—
- (a) is not resident in the United Kingdom, but
- (b) carries on a trade in the United Kingdom through a branch or agency,
Schedule 16 shall have effect in relation to the manufactured interest as it has effect in the case of a company which is resident in the United Kingdom but as if, in paragraph 7, the words “section 11(3)” were substituted for the words “section 7(2)”.
- (8) Where sub-paragraph (2) above has effect in the case of any manufactured interest so as to require any amount to be deducted by way of tax from the gross amount of the manufactured interest, the interest manufacturer shall, on paying the manufactured interest, provide the recipient with a statement in writing setting out—
- (a) the gross amount of the manufactured interest;
- (b) the amount deducted by way of tax by the interest manufacturer;
- (c) the amount actually paid by the interest manufacturer; and
- (d) the date of the payment by the interest manufacturer.
- (9) The duty imposed by sub-paragraph (8) above shall be enforceable at the suit or instance of the recipient.
- (10) The references in this paragraph to an amount being deductible are references to its being either—
- (a) deductible in computing the amount of any of the interest manufacturer’s profits or gains for the purposes of income tax or corporation tax; or
- (b) deductible for those purposes from the total income or, as the case may be, total profits of the interest manufacturer.
- (11) For the purposes of this paragraph “*the relevant purposes of the Tax Acts*” means all the purposes of those Acts except the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships).
- (12) Without prejudice to the generality of section 80(5) of the Finance Act 1996 (matters to be brought into account only under that Chapter), this paragraph does not have effect for determining how any manufactured interest falls to be treated for any purpose in relation to a company in relation to which that interest falls to be treated in accordance with section 97 of that Act.
- (13) For the purposes of this paragraph references to the gross amount of any interest or payment are references to the amount of the interest or payment before the making of any deduction of income tax that is required to be deducted from it on its being paid or made.
##### 3A
- (1) Where any manufactured interest is representative of interest on securities to which this paragraph applies—
- (a) paragraph 3(2) above shall not require any deduction of tax to be made on the payment of that manufactured interest; and
- (b) without prejudice to any other liability of his to income tax in respect of the manufactured interest, the recipient shall not by virtue of paragraph 3(5) above be liable to account for any income tax in respect of that manufactured interest.
- (2) This paragraph applies to—
- (a) gilt-edged securities (within the meaning of section 50); and
- (b) securities not falling within paragraph (a) above on which the interest is payable without deduction of tax.
### Deductibility of manufactured payment in the case of the manufacturer
##### 2A
- (1) Where, in the case of a manufactured dividend, the dividend manufacturer is resident in the United Kingdom but is not a company, an amount (“*the relevant amount*”) equal to the lesser of—
- (a) the amount of the manufactured dividend paid (so far as it is not otherwise deductible), and
- (b) the amount of the dividend of which the manufactured dividend is representative,
shall be allowable as a deduction for the purposes of income tax only under sub-paragraph (1ZA) or (1A) below.
- (1ZA) The relevant amount shall be allowable under this sub-paragraph as a deduction for the purposes of income tax to the extent that the dividend manufacturer—
- (a) receives the dividend on the equities which is represented by the manufactured dividend or receives a payment which is representative of that dividend, and
- (b) is chargeable to income tax on the dividend or other payment so received;
and that deduction shall be made against the amount of the dividend or other payment so received on which the dividend manufacturer is chargeable to income tax.
- (1ZB) Sub-paragraph (1ZA) above shall apply only if the amount of the dividend or other payment so received is received by the dividend manufacturer in—
- (a) the year of assessment in which he pays the manufactured dividend, or
- (b) the year of assessment immediately before, or immediately after, that year.
- (1A) The relevant amount shall be allowable under this sub-paragraph as a deduction for the purposes of income tax against the total income of the dividend manufacturer to the extent that—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) the dividend manufacturer is treated under section 730A (repos) as receiving a payment of interest in respect of the equities and is chargeable to income tax on that payment; . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (1B) Where an amount is allowable under sub-paragraph (1ZA) or (1A) above by reference to the whole or any part of—
- (a) a dividend or other payment falling within sub-paragraph (1ZA) above , or
- (b) a payment of interest which a person is treated as receiving, as mentioned in sub-paragraph (1A) above, . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(the “*utilised portion*” of the dividend or other payment) no other amount shall be allowable under sub-paragraph (1ZA) or (1A) above by reference to all or any of the utilised portion of the dividend or other payment.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) The references in this paragraph to an amount being deductible are references to its being either—
- (a) deductible in computing the amount of any of the dividend manufacturer’s profits or gains for the purposes of income tax . . . ; or
- (b) deductible for those purposes from the total income . . . of the dividend manufacturer.
### Manufactured dividends representative of foreign income dividends
##### 2B
#### Provision not at arm’s length.
#### Form of relief.
#### Attribution of relief to shares.
#### Interpretation of Chapter III.
#### Payments not out of profits or gains brought into charge to income tax, and annual interest.
#### Losses from UK property business.
#### Meaning of “associated company” and “control”.
#### Interpretative provisions relating to insurance companies.
#### Computation of losses and limitation on relief.
#### Life reinsurance business: separate charge on profits.
#### Transfers of other business
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured overseas dividends
##### 4
- (1) This paragraph applies in any case where, under a contract or other arrangements for the transfer of overseas securities, one of the parties (the “*overseas dividend manufacturer*”) is required to pay to the other (“*the recipient*”) an amount representative of an overseas dividend on the overseas securities; and in this Schedule the “*manufactured overseas dividend*” means any payment which the overseas dividend manufacturer makes in discharge of that requirement.
- (1A) Where a manufactured overseas dividend is paid as set out in sub-paragraph (1) above it shall be treated—
- (a) as an expense of the trade where a company carries on a trade to which that payment relates;
- (b) where a company has investment business to which the payment relates, for the purposes of section 75 as expenses of management;
- (c) in the case of a company carrying on life assurance business—
- (i) so far as the payment is referable to basic life assurance and general annuity business, for the purposes of section 76 as if it were an expense payable falling to be brought into account at Step 3 of subsection (7) of that section, and
- (ii) the payment is to be treated as referable to basic life assurance and general annuity business to the extent that the overseas dividend of which it is representative is or would, if it were received by the company, be so referable by virtue of section 432A.
- (2) Subject to sub-paragraph (3) below, where this paragraph applies the gross amount of the manufactured overseas dividend shall be treated , except in determining whether it is deductible, for all purposes of the Tax Acts as an annual payment, within section 349, but—
- (a) the amount which is to be deducted from that gross amount on account of income tax shall be an amount equal to the relevant withholding tax on that gross amount; and
- (b) in the application of section 350(4) in relation to manufactured overseas dividends the reference to Schedule 16 shall be taken as reference to dividend manufacturing regulations;
and paragraph (a) above is without prejudice to any further amount required to be deducted under dividend manufacturing regulations by virtue of sub-paragraph (8) below.
- (2A) Sub-paragraph (10) of paragraph 3 applies for the construction of the reference in sub-paragraph (2) above to an amount being deductible as it applies to references in that paragraph.
- (3) If, in a case where this paragraph applies, the overseas dividend manufacturer is not resident in the United Kingdom and the manufactured overseas dividend is paid by him otherwise than in the course of a trade which he carries on through a branch or agency in the United Kingdom, sub-paragraph (2) above shall not apply; but if the manufactured overseas dividend is received by a United Kingdom recipient, that recipient shall account for and pay an amount of tax in respect of the manufactured overseas dividend equal to that which the overseas dividend manufacturer would have been required to account for and pay had he been resident in the United Kingdom; and any reference in this Schedule to an amount deducted under sub-paragraph (2) above includes a reference to an amount of tax accounted for and paid under this sub-paragraph.
- (3A) For the purposes of sub-paragraph (3) above a person who receives a manufactured overseas dividend is a United Kingdom recipient if—
- (a) he is resident in the United Kingdom; or
- (b) he is not so resident but receives that dividend for the purposes of a trade carried on through a branch or agency in the United Kingdom.
- (3B) Dividend manufacturing regulations may make provision, in relation to cases falling within sub-paragraph (3) above, for the amount of tax required under that sub-paragraph to be taken to be reduced, to such extent and for such purposes as may be determined under the regulations, by reference to amounts of overseas tax charged on, or in respect of—
- (a) the making of the manufactured overseas dividend; or
- (b) the overseas dividend of which the manufactured overseas dividend is representative.
- (4) Where a manufactured overseas dividend is paid after deduction of the amount required by sub-paragraph (2) above, or where the amount of tax required under sub-paragraph (3) above in respect of such a dividend has been accounted for and paid, then for all purposes of the Tax Acts as they apply in relation to persons resident in the United Kingdom or to persons not so resident but carrying on business through a branch or agency in the United Kingdom—
- (a) the manufactured overseas dividend shall be treated in relation to the recipient, and all persons claiming title through or under him, as if it were an overseas dividend of an amount equal to the gross amount of the manufactured overseas dividend, but paid after the withholding therefrom, on account of overseas tax, of the amount deducted under sub-paragraph (2) above; and
- (b) the amount so deducted shall accordingly be treated in relation to the recipient, and all persons claiming title through or under him, as an amount so withheld instead of as an amount on account of income tax.
- (5) For the purposes of this paragraph—
- (a) “*relevant withholding tax*”, in relation to the gross amount of a manufactured overseas dividend, means an amount of tax representative of—
- (i) the amount (if any) that would have been deducted by way of overseas tax from an overseas dividend on the overseas securities of the same gross amount as the manufactured overseas dividend; and
- (ii) the amount of the overseas tax credit (if any) in respect of such an overseas dividend;
- (b) the gross amount of a manufactured overseas dividend is an amount equal to the gross amount of that overseas dividend of which the manufactured overseas dividend is representative, as mentioned in sub-paragraph (1) above; and
- (c) the gross amount of an overseas dividend is an amount equal to the aggregate of—
- (i) so much of the overseas dividend as remains after the deduction of the overseas tax (if any) chargeable on it;
- (ii) the amount of the overseas tax (if any) so deducted; and
- (iii) the amount of the overseas tax credit (if any) in respect of the overseas dividend.
- (6) Dividend manufacturing regulations may make provision with respect to the rates of relevant withholding tax which are to apply in relation to manufactured overseas dividends in relation to different overseas territories, but in prescribing those rates the Treasury shall have regard to—
- (a) the rates at which overseas tax would have fallen to be deducted, and
- (b) the rates of overseas tax credits,
in overseas territories, or in the particular overseas territory, in respect of payments of overseas dividends on overseas securities.
- (7) Dividend manufacturing regulations may make provision for a person who, in any chargeable period, is an overseas dividend manufacturer to be entitled in prescribed circumstances to set off in accordance with the regulations and to the prescribed extent, amounts falling within paragraph (a) of sub-paragraph (7AA) below against the sums falling within paragraph (b) of that sub-paragraph, and to accountto the Board for, or as the case may be, claim credit in respect of, the balance.
- (7AA) Those amounts and sums are—
- (a) amounts of overseas tax in respect of overseas dividends received by him in that chargeable period, amounts of overseas tax charged on, or in respect of, the making of manufactured overseas dividends so received by him and amounts deducted under sub-paragraph (2) above from any such manufactured overseas dividends; and
- (b) the sums due from him on account of the amounts deducted by him under sub-paragraph (2) above from the manufactured overseas dividends paid by him in that chargeable period.
- (7A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) Without prejudice to section 97 of the Finance Act 1996 (manufactured interest), the references in this paragraph to all the purposes of the Tax Acts do not include the purposes of Chapter II of Part IV of that Act (loan relationships).
##### 4A
- (1) A reference in paragraph 4(4)(a) or (b) to the relevant amount in relation to an amount deducted under section 922(2) of ITA 2007 is—
- (a) where the deduction is made in respect of a manufactured overseas dividend that is treated as paid under paragraph 13(1) of Schedule 13 to FA 2007 (sale and repurchase of securities), to amount A, and
- (b) otherwise, to the amount deducted under section 922(2) of ITA 2007.
- (2) Amount A is—
- (a) in a case to which sub-paragraph (3) applies, the amount deducted under section 922(2) of ITA 2007,
- (b) in a case to which sub-paragraph (4) applies—
- (i) the amount deducted under section 922(2) of ITA 2007, less
- (ii) the excess mentioned in that sub-paragraph, and
- (c) in any other case, nil.
- (3) This sub-paragraph applies to a case in which—
- (a) an amount is actually paid by way of manufactured overseas dividend,
- (b) the amount so paid equals the relevant net amount, and
- (c) it is reasonable to assume that, in deciding the repurchase price of the securities, no account was taken of the fact that the amount would be so paid.
- (4) This sub-paragraph applies to a case in which—
- (a) an amount is actually paid by way of manufactured overseas dividend,
- (b) the amount so paid exceeds the relevant net amount, and
- (c) it is reasonable to assume that, in deciding the repurchase price of the securities, no account was taken of the fact that the amount would be so paid.
- (5) In this paragraph “the repurchase price” of the securities means the price at which the payer of the manufactured overseas dividend is entitled or obliged to sell the securities, or similar securities, to the recipient of the manufactured overseas dividend.
- (6) In this paragraph “*the securities*” means the securities in respect of which the overseas dividend of which the manufactured overseas dividend is representative is paid.
- (7) In this paragraph “*the relevant net amount*” means—
- (a) the gross amount of the overseas dividend of which the manufactured overseas dividend is representative, less
- (b) the amount deducted under section 922(2) of ITA 2007.
### Dividends and interest passing through the market
##### 5
#### Valuation of oil disposed of or appropriated in certain circumstances.
#### Conditions to be satisfied by individuals.
#### Conditions to be satisfied by companies.
#### Change in ownership of company carrying on property business.
#### Change in company ownership: postponed corporation tax.
#### Supplementary provisions.
#### Provisions supplementary to section 138.
#### Travel expenses of employees not domiciled in the United Kingdom.
#### U.K. company distributions not generally chargeable to corporation tax.
#### Meaning of “distribution”.
#### Election by company paying dividend.
#### Returns.
#### Further interpretation of sections 135 to 139.
#### Relief for contributions in respect of share option gains.
#### Further interpretation of sections 135 to 139.
#### Relief for necessary expenses.
## [SCHEDULE 19A
#### Change in ownership of company with unused non-trading loss on intangible fixed assets
#### Meaning of “research and development”.
#### Exceptions from the general charge.
#### Provisions supplementary to section 138.
#### Interpretation of sections 251A to 251C
#### Interpretation of sections 251A to 251C
#### Relief for contributions in respect of share option gains.
#### Meaning of “distribution”.
#### Elections as to transfer of relief under section 257A.
#### Tax on companies in administration
#### Extension of section 349: proceeds of sale of UK patent rights
#### Payments out of profits or gains brought into charge to income tax: deduction of tax.
#### The conditions mentioned in section 349A(1)
#### Extension of section 349: proceeds of sale of UK patent rights
#### The conditions mentioned in section 349A(1)
#### Restriction of set-off of allowances against general income
#### Election that assets not be foreign business assets
#### Meaning of “child trust fund business”
#### Securities.
#### Securities.
#### Taxation in respect of other business.
#### Taxation in respect of other business: incorporated friendly societies etc.
#### Taxation in respect of other business.
#### Taxation in respect of other business: incorporated friendly societies qualifying for exemption.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Unapproved manufactured payments
##### 6
#### Cases where ss. 502B to 502G do not apply: lessor also lessee under non-long funding lease
#### Lessee under long funding finance lease: limit on deductions
#### Meaning of “construction operations”.
#### General powers to make regulations under Chapter IV.
#### Provisions supplementary to sections 573 to 575.
#### Provisions supplementary to sections 573 to 575.
#### Assets leased to traders and others.
#### Section 785B: expectation that relevant capital payment will not be paid
#### Leased assets: special cases.
#### Transactions associated with loans or credit.
#### Restriction of relief for payments of interest.
#### Payments not out of profits or gains brought into charge to income tax, and annual interest.
#### Extension of section 349: proceeds of sale of UK patent rights
#### Exceptions from section 419.
#### Interpretative provisions relating to insurance companies.
#### Apportionment of asset value increase where line 51 amount decreases
#### Securities.
#### Life or endowment business: application of the Corporation Tax Acts.
#### Transfers of other business
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Irregular manufactured payments
##### 7
- (1) . . . In any case where (apart from this paragraph)—
- (a) an amount paid by way of manufactured dividend would exceed the amount of the dividend of which it is representative, or
- (b) the aggregate of—
- (i) an amount paid by way of manufactured interest or manufactured overseas dividend, and
- (ii) the tax required to be accounted for in connection with the making of that payment,
would exceed the gross amount (as determined in accordance with paragraph 3 or 4 above) of the interest or overseas dividend of which it is representative, as the case may be,
the payment shall, to the extent of an amount equal to the excess, not be regarded for the purposes of this Schedule as made in discharge of the requirement referred to in paragraph 2(1), 3(1) or 4(1) above, as the case may be, but shall instead to that extent be taken for all purposes of the Tax Acts to constitute a separate fee for entering into the contract or other arrangements under which it was made, notwithstanding anything in paragraphs 2 or 3 above or anything in paragraph 4 other than in sub-paragraph (1A).
- (1A) Sub-paragraph (1) above does not apply in the case of the amount of any manufactured interest or manufactured overseas dividend which falls in accordance with section 97 of the Finance Act 1996 to be treated for the purposes of Chapter II of Part IV of that Act as interest under a loan relationship.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) For the purpose of giving relief under any provision of the Tax Acts in a case falling within paragraph 3(1) or 4(1) above where (apart from this paragraph) the aggregate referred to in sub-paragraph (1)(b) above would be less than the gross amount there mentioned—
- (a) the gross amount of the manufactured interest or manufactured overseas dividend shall be taken to be an amount equal to the aggregate referred to in sub-paragraph (1)(b) above, . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
notwithstanding anything in paragraph 3 or 4 above.
- (4) In this paragraph “*relief*” means relief by way of—
- (a) deduction in computing profits or gains; or
- (b) deduction or set off against income or total profits.
### Manufactured payments under arrangements having an unallowable purpose
##### 7A
- (1) This paragraph applies in any case where—
- (a) a manufactured payment falls to be made by a company in an accounting period in pursuance of any arrangements (see sub-paragraphs (9) and (10) for definitions), and
- (b) the arrangements have an unallowable purpose at any time (see sub-paragraphs (3) to (5)).
But this is subject to sub-paragraph (8) below (cases where tax relief is denied apart from this paragraph).
- (2) The company is not entitled, by virtue of anything in this Schedule or any provision of regulations under it, or otherwise, to any relevant tax relief (see sub-paragraph (10)), to the extent that the relief is in respect of, or referable to, the whole or any part of so much of the manufactured payment as, on a just and reasonable apportionment, is attributable to the unallowable purpose.
- (3) Arrangements have an unallowable purpose at any time if at that time the purposes for which the company is a party to—
- (a) the arrangements,
- (b) any related transaction (see sub-paragraphs (6) and (7)), or
- (c) any transaction in pursuance of the arrangements,
include a purpose (“the unallowable purpose”) which is not among the business or other commercial purposes of the company.
- (4) The business and other commercial purposes of a company do not include the purposes of any part of its activities in respect of which it is not within the charge to corporation tax.
- (5) Where one of the purposes for which a company is at any time a party to—
- (a) any arrangements,
- (b) any related transaction in the case of any arrangements, or
- (c) any transaction in pursuance of any arrangements,
is a tax avoidance purpose, that purpose shall be taken to be a business or other commercial purpose of the company only where it is not the main purpose, or one of the main purposes, for which the company is party to the arrangements or transaction at that time.
- (6) One or more transactions are to be regarded as related transactions, in the case of any arrangements, if it would be reasonable to assume, from either or both of—
- (a) the likely effect of the transactions, and
- (b) the circumstances in which the transactions are entered into or effected,
that none of the transactions would have been entered into or effected independently of the arrangements.
- (7) Transactions are not prevented from being related transactions, in the case of any arrangements, just because the transactions—
- (a) are not between the same parties, or
- (b) are not between the parties to the arrangements.
- (8) This paragraph does not apply if, as a result of any of the following provisions—
- (a) section 75(4)(b) (expenses of management of companies with investment business: unallowable purposes),
- (b) section 76(4)(d) (expenses of insurance companies: unallowable purposes),
- (c) paragraph 13 of Schedule 9 to the Finance Act 1996 (loan relationships with unallowable purposes),
the company in question is not entitled to a relevant tax relief in respect of, or referable to, the whole or any part of the manufactured payment.
The references to sections 75 and 76 are references to those provisions as they have effect in relation to accounting periods beginning on or after 1st April 2004.
- (9) Any reference in this paragraph to a manufactured payment falling to be made by a company includes a reference to a manufactured payment which is deemed by or under any provision of the Tax Acts to be made by a company (and references to a transaction, or to a company being party to a transaction, are to be construed accordingly).
- (10) In this paragraph—
- “*arrangements*” includes schemes, arrangements and understandings of any kind, whether or not legally enforceable, and shall be taken to include any related transactions;
- “*manufactured payment*” means any of the following—any manufactured dividend;any manufactured interest;any manufactured overseas dividend;
- “*related transaction*” shall be construed in accordance with sub-paragraphs (6) and (7) above;
- “*relevant tax relief*” means any of the following—any deduction in computing profits or gains for the purposes of corporation tax;any deduction against total profits;the bringing into account of any debit for the purposes of Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships);the surrender of an amount by way of group relief;
- “*tax advantage*” has the same meaning as in Chapter 1 of Part 17 (tax avoidance);
- “*tax avoidance purpose*” means any purpose that consists in securing a tax advantage (whether for the company in question or any other person);
- and sub-paragraphs (3) to (7) above have effect for the purposes of this paragraph.
### Dividend manufacturing regulations: general
##### 8
- (1) Dividend manufacturing regulations may make provision for—
- (a) such manufactured dividends, manufactured interest or manufactured overseas dividends as may be prescribed,
- (aa) such persons who receive, or become entitled to receive, manufactured dividends, manufactured interest or manufactured overseas dividends as may be prescribed, or
- (b) such dividend manufacturers, interest manufacturers or overseas dividend manufacturers as may be prescribed,
to be treated in prescribed circumstances otherwise than as mentioned in paragraphs 2 to 4 above for the purposes of such provisions of the Tax Acts as may be prescribed.
- (1A) Dividend manufacturing regulations may provide, in relation to prescribed cases where a person makes or receives the payment of any amount representative of an overseas dividend, or is treated for any purposes of this Schedule or such regulations as a person making or receiving such a payment—
- (a) for any entitlement of that person to claim relief under Part XVIII to be extinguished or reduced to such extent as may be found under the regulations; and
- (b) for the adjustment, by reference to any provision having effect under the law of a territory outside the United Kingdom, of any amount falling to be taken, for any prescribed purposes of the Tax Acts or the 1992 Act, to be the amount paid or payable by or to any person in respect of any sale, repurchase or other transfer of the overseas securities to which the payment relates.
- (2) Dividend manufacturing regulations may make provision with respect to—
- (a) the accounts and other records which are to be kept,
- (b) the vouchers which are to be issued or produced,
- (c) the returns which are to be made,
- (d) the manner in which amounts required to be deducted or accounted for under or by virtue of this Schedule on account of tax are to be accounted for and paid,
by persons by or to whom manufactured dividends, manufactured interest or manufactured overseas dividends are paid.
- (2A) Dividend manufacturing regulations with respect to any liability to account for tax may contain any of the following, that is to say—
- (a) provision for computing the amounts to be accounted for;
- (b) provision, in relation to the determination of the amount to be paid on any occasion, for setting other amounts against the amounts to be accounted for;
- (c) provision as to the liabilities against which amounts accounted for are to be, or are not to be, set for the purposes of income tax or corporation tax;
- (d) provision modifying, or applying (with or without modifications), any enactments contained in the Tax Acts.
- (3) Dividend manufacturing regulations may—
- (a) make provision for prescribed provisions of the Management Act to apply in relation to manufactured dividends, manufactured interest or manufactured overseas dividends with such modifications, specified in the regulations, as the Treasury think fit;
- (b) make such further provision with respect to the administration, assessment, collection and recovery of amounts required to be deducted or accounted for under or by virtue of this Schedule on account of tax as the Treasury think fit.
- (4) Dividend manufacturing regulations may make different provision for different cases.
##### 4A
#### Letting of furnished holiday accommodation treated as trade for certain income tax purposes
#### Lessee under long funding finance lease: termination
#### Provisions supplementary to section 520.
#### Meaning of “construction operations”.
#### Provisions supplementary to sections 573 to 575.
#### Interest on tax overpaid.
#### Relief by agreement with other territories.
#### Exemptions from section 148.
#### Giving effect to mileage allowance relief
#### Limited exemption for computer equipment.
#### Taxation of profit-related pay.
#### Taxation of profit-related pay.
#### Relief for contributions in respect of share option gains.
#### Transfer of relief under section 257A where relief exceeds income.
#### Charges on income: interest payable to non-residents.
#### Losses from overseas property business.
#### Meaning of “participator”, “associate”, “director” and “loan creditor”.
#### Meaning of “child trust fund business”
#### Schedule A business or overseas property business.
#### Taxation of pure reinsurance business.
#### Election as to tax exempt business.
#### Old societies.
#### Old societies.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 11A
#### Qualifying expenditure and non-qualifying expenditure.
#### Letting of furnished holiday accommodation treated as trade for certain income tax purposes
#### Taxation of design royalties where owner abroad.
#### General powers to make regulations under Chapter IV.
#### Deductions from profits of contributions paid under certified schemes.
#### Qualifying trading companies
#### Meaning of “asset”, “capital sum” and “lease” for purposes of sections 781 to 784.
#### Reduction of United Kingdom taxes by amount of credit due.
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
#### Limited exemption for computer equipment.
#### Provisions supplementary to section 138.
#### Attribution of relief to shares.
#### Apportionment of certain income, deductions and interest.
#### Section 432B apportionment: value of non-participating funds.
#### Certified unit trusts: corporation tax.
#### Exemption for trade unions and employers’ associations.
#### Certified unit trusts: distributions.
#### Interpretation.
#### Relevant deposits: computation of tax on interest.
#### Supplementary provisions.
#### Computation of amount available for surrender by way of group relief.
#### Exploration expenditure supplement
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Exchange gains and losses
##### 13
#### Interpretation.
#### Conversion of certain approved retirement benefits schemes.
#### Sponsored superannuation schemes and controlling directors.
#### Approval of schemes.
#### Interest: special relationship.
#### Qualifying companies
#### Mutual agreement procedure and presentation of cases under arrangements.
#### The Arbitration Convention.
#### Power to inspect documents.
#### Substituted retirement annuity contracts.
#### Interpretation.
#### Recovery of tax credits incorrectly paid.
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
#### Arrangements to avoid section 812.
#### Old references to standard rate tax.
#### Schedule C.
#### Certain income charged at basic rate.
#### Restrictions on relief
#### Section 37(4) and reductions in receipts under ITTOIA 2005
#### Rules for ascertaining duration of leases.
#### Relief for rent etc. not paid.
#### United Kingdom government securities held by non-residents.
#### Disposal or exercise of rights in pursuance of deposits.
#### Discounted bills of exchange.
#### Expenses of insurance companies
#### Discounted bills of exchange.
#### Payments to Export Credit Guarantee Department.
#### Expenses connected with living accommodation.
#### Restrictions on the use of tax credits by pension funds.
#### Apportionment of income and gains.
#### Section 432B apportionment: value of non-participating funds.
#### Dividends paid to investment trusts.
#### Building societies: incidental costs of issuing qualifying shares.
#### Sale and lease-back.
#### Charities: general.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 14
#### Section 548A: further definitions
#### Personal pension arrangements with more than one pension date etc.
#### Interpretation.
#### Application of Income Tax Acts from year to year.
#### Interest on payments in respect of corporation tax and meaning of “the material date".
#### Exemption for trade unions and employers’ associations.
#### Assets of branch of registered friendly society to be treated as assets of society after incorporation.
#### Audit powers in relation to non-residents.
#### Relief for payments in respect of designs.
#### Relief for expenses.
#### Patent income to be earned income in certain cases.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 15
#### Regulations in relation to qualifying policies
#### The trading requirement
#### Meaning of “net relevant earnings”.
#### The prescribed circumstances.
#### Earnings from pensionable employment.
#### Earnings from associated employments.
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
#### Repayment supplements: companies.
#### Repayment supplements: companies.
#### Repayment supplements: companies.
#### Interest on tax overpaid.
#### Funds of funds: distributions.
#### Old societies.
#### Certified unit trusts: corporation tax.
#### Allowances for expenditure on purchase of patent rights: post-31st March 1986 expenditure.
#### Capital sums: . . . winding up or partnership change.
#### The conditions for being an excepted group life policy
#### Introductory.
#### Life policies: computation of gain.
#### Treatment of certain assignments etc involving co-ownership
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 16
#### Gifts of shares, securities and real property to charities etc
#### Qualifying courses of training etc.
#### Parliamentary pension funds.
#### Application of section 739 and 740
#### Revocable settlements allowing release of obligation.
#### Application of section 739 and 740
#### Settlements made after 6th April 1965.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### Interpretation of the Corporation Tax Acts.
#### Authorised unit trusts.
#### Introductory.
#### Regulations in relation to qualifying policies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 17
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 18
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 19
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Transfer pricing
##### 20
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 2A
- (1) Paragraph 2 above shall have effect in accordance with this paragraph to determine whether a controlled foreign company . . . pursues an acceptable distribution policy in respect of a particular accounting period (“*the relevant accounting period*”).
- (2) Subject to sub-paragraph (4) below, where the distribution condition is satisfied in relation to the relevant accounting period, then, in addition to any dividend which falls within paragraph 2(1)(a) above apart from this paragraph—
- (a) any dividend which is paid for the accounting period (“*the preceding period*”) immediately preceding the relevant accounting period and which is not an excluded dividend shall be treated as falling within that paragraph, and
- (b) if the distribution condition is satisfied in relation to the preceding period, any dividend which is paid for the accounting period immediately preceding the preceding period and which is not an excluded dividend shall be treated as falling within that paragraph,
and so on; and in this sub-paragraph “*dividend*” means a dividend not paid out of specified profits.
- (3) For the purposes of this paragraph, the distribution condition is satisfied in relation to any accounting period if—
- (a) a dividend or dividends are paid for the period to persons resident in the United Kingdom,
- (b) the amount or, as the case may be, aggregate amount of any dividends falling within paragraph (a) above is not less than—
- (i) the relevant profits for that period, or
- (ii) where paragraph 2(4) or (5) above applies (with the modifications of paragraph 2 made by sub-paragraph (5) below), the appropriate portion of those profits, and
- (c) any dividends falling within that paragraph are paid not later than the time by which any dividend paid for the relevant accounting period is required by paragraph 2(1)(b) above to be paid;
or if there are no relevant profits for the period.
- (4) Where, by reason only of the fact that a company pursued an acceptable distribution policy in respect of any accounting period (“*the earlier period*”) earlier than the relevant accounting period, no apportionment under section 747(3) fell to be made in respect of the earlier period, sub-paragraph (2) above shall apply to any dividend required to be taken into account for the purpose of showing that the company pursued an acceptable distribution policy in respect of the earlier period only to the extent (if any) to which that dividend was not required to be taken into account for that purpose.
- (5) The modifications of paragraph 2 above referred to in sub-paragraph (3)(b) above are that—
- (a) the references in sub-paragraphs (4) and (5) to the accounting period in question are to be read as references to the accounting period for which the dividend or dividends are paid,
- (b) the references in those sub-paragraphs to sub-paragraph (1)(d) are to be read as references to sub-paragraph (3)(b) above, and
- (c) the reference in the definition of “X” in sub-paragraph (6) to net chargeable profits is to be read as a reference to relevant profits.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) For the purposes of this paragraph—
- (aa) a dividend is an excluded dividend if it is paid, in whole or in part, out of the total profits from which (in accordance with section 747(6)(a)) the chargeable profits for an excluded period are derived,
- (a) a period is an excluded period if it is an accounting period in respect of which an apportionment under section 747(3) falls to be made, and
- (b) relevant profits for any accounting period are the profits which would be the relevant profits of that period for the purposes of section 799 if a dividend were actually paid for that period.
##### 2B
- (1) This paragraph has effect for the purposes of paragraph 2(1A)(b) above.
- (2) No payment of dividend by a controlled foreign company for an accounting period shall be regarded as involved in a UK tax avoidance scheme by reason only that there is no charge to tax under section 747(4)(a) if the controlled foreign company pursues an acceptable distribution policy for that accounting period.
- (3) “*UK tax avoidance scheme*” means a scheme or arrangement the purpose, or one of the main purposes, of which is to achieve a reduction in United Kingdom tax.
- (4) A scheme or arrangement achieves a reduction in United Kingdom tax if, apart from the scheme or arrangement, any company—
- (a) would have been liable for any such tax or for a greater amount of any such tax; or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (5) In this paragraph—
- “*arrangement*” means an arrangement of any kind, whether in writing or not;
- “*United Kingdom tax*” means corporation tax or any tax chargeable as if it were corporation tax.
##### 4A
- (1) This paragraph has effect for the purposes of paragraph 4(1A)(b) above.
- (2) No payment to a company resident in the United Kingdom which represents the whole or part of a dividend paid by a controlled foreign company for an accounting period shall be regarded as involved in a UK tax avoidance scheme by reason only that—
- (a) there is no charge to tax under section 747(4)(a) if the controlled foreign company pursues an acceptable distribution policy for that accounting period, and
- (b) so much of the dividend as is represented by that payment will (if paragraph 4(1) above has effect) fall to be brought into account in determining whether the controlled foreign company has done so.
- (3) “*UK tax avoidance scheme*” means a scheme or arrangement the purpose, or one of the main purposes, of which is to achieve a reduction in United Kingdom tax.
- (4) A scheme or arrangement achieves a reduction in United Kingdom tax if, apart from the scheme or arrangement, any company—
- (a) would have been liable for any such tax or for a greater amount of any such tax; or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (5) In this paragraph—
- “*arrangement*” means an arrangement of any kind, whether in writing or not;
- “*United Kingdom tax*” means corporation tax or any tax chargeable as if it were corporation tax.
##### 11A
- (1) This paragraph has effect for the interpretation of paragraph 6(2B) above.
- (2) “*Contract of long-term insurance*” means any contract falling within Part II of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.
- (3) “*Protection business*” means contracts of long-term insurance where—
- (a) either—
- (i) the contract has no surrender value; or
- (ii) the consideration consists of a single premium and the surrender value does not exceed the amount of that premium; and
- (b) the contract makes no provision for its conversion or extension in a manner which would result in its ceasing to fall within paragraph (a) above;
and references to protection business include a reference to reinsurance of protection business.
- (4) “*Insurance group*” shall be construed in accordance with section 255A(5) of the Companies Act 1985 (meaning of “insurance group” in Part 7) but reading Part 7 of that Act—
- (a) as if it extended to Northern Ireland, and
- (b) as if any reference to a company (within the meaning of that Act) included a reference to a company as defined in Article 3 of the Companies (Northern Ireland) Order 1986,
but does not include such an insurance group if it falls within sub-paragraph (5) below.
- (5) Such an insurance group falls within this sub-paragraph if (within the meaning of that Part as so read) the parent company is a subsidiary undertaking of a parent company which is neither—
- (a) the parent company of an insurance group; nor
- (b) a subsidiary undertaking of the parent company of an insurance group.
- (6) A controlled foreign company is, in accordance with sub-paragraphs (4) and (5) above, a “*member of an insurance group*” if (within the meaning of that Part as so read) it is the parent company, or a subsidiary undertaking of the parent company, of an insurance group which is by virtue of sub-paragraph (4) above an insurance group for the purposes of paragraph 6(2B) above.
- (7) A company’s main business is “*insuring or reinsuring large risks*” if (and only if)—
- (a) the company’s main business is the effecting or carrying out of contracts of insurance; and
- (b) 50% or more of its gross trading receipts from that business are derived from insuring or reinsuring large risks.
- “*Large risks*” is defined in paragraph 11B below.
- (8) In this paragraph—
- “*contract of insurance*” has the meaning given by article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- “*contract of long-term insurance*” has the meaning given by sub-paragraph (2) above.
##### 11B
- (1) In paragraph 11A above “*large risks*” means—
- (a) risks falling within classes 4, 5, 6, 7, 11 and 12 of Part I of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- (b) risks falling within classes 14 and 15 of that Part which relate to a business carried on by the policy holder;
- (c) risks falling within classes 3, 8, 9, 10, 13 and 16 of that Part where the policy holder carries on a business in respect of which the condition specified in sub-paragraph (2) below is satisfied.
- (2) The condition referred to in sub-paragraph (1)(c) above is that, in the case of that business of the policy holder, at least two of the three following criteria were exceeded in the most recent financial year beginning on or after 1st January 1999 for which the information is available—
- (a) balance sheet total: 6.2 million euros;
- (b) net turnover: 12.8 million euros;
- (c) number of employees: 250.
- (3) For the purposes of sub-paragraph (2) above as it applies where the policy holder is a company, within the meaning of section 735(1) of the Companies Act 1985 or Article 3 of the Companies (Northern Ireland) Order 1986,—
- (a) “*balance sheet total*” has the meaning given by section 247(5) of that Act or Article 255(5) of that Order;
- (b) “*net turnover*” has the meaning given to “*turnover*” by section 262(1) of that Act or Article 270(1) of that Order; and
- (c) “*number of employees*” has the meaning given by section 247(6) of that Act or Article 255(6) of that Order;
and for a financial year which is a company’s financial year but not in fact a year, the net turnover of the company shall be proportionately reduced.
- (4) Where the policy holder is a member of a group for which consolidated accounts (within the meaning of Directive [83/349/EEC](https://www.legislation.gov.uk/european/directive/1983/0349)) are drawn up, the question whether the condition in sub-paragraph (2) above is met shall be determined by reference to those accounts.
- (5) For the purposes of sub-paragraph (1)(c) above as it applies where the policy holder is a professional association, joint venture or temporary grouping, the question whether the condition in sub-paragraph (2) above is met shall be determined by reference to the aggregate of the figures of the description in question for all the members of the professional association, joint venture or temporary grouping.
- (6) In sub-paragraphs (1) to (5) above “*business*” includes a trade or profession and, for the purposes of sub-paragraph (1)(c) above, any activity of a professional association, joint venture or temporary grouping.
- (7) For the purposes of this paragraph, where an amount is denominated in any accounts in a currency other than the euro, it shall be converted into its equivalent in euros using the London closing exchange rate for that currency and the euro for the last day of the period to which the accounts relate.
- (8) In this paragraph—
- “*euro*” means the single currency adopted or proposed to be adopted as its currency by a member State in accordance with the Treaty establishing the European Community;
- “*financial year*”, in relation to any person, means the period (not exceeding 12 months) for which that person makes up accounts.
##### 12A
- (1) In paragraphs 6, 8(3) and 12(5) above and this paragraph, “*superior holding company*” means—
- (a) a company whose business consists wholly or mainly in the holding of shares or securities of companies which—
- (i) are holding companies or local holding companies; or
- (ii) are themselves superior holding companies; or
- (b) a company which would fall within paragraph (a) above if there were disregarded so much of its business as consists in the holding of property or rights of any description for use wholly or mainly by companies which it controls and which are resident in the territory in which it is resident.
- (2) For the purposes of sub-paragraphs (4A) and (4B) of paragraph 6 above, the income of a company during any period which “*represents qualifying exempt activity income of its subsidiaries*” is any income of the company during that period which is directly or indirectly derived from companies—
- (a) which it controls, and
- (b) which, throughout that period, fall within sub-paragraph (4B)(a) of that paragraph, but
- (c) which are not holding companies other than local holding companies.
- (3) In determining for the purposes of sub-paragraph (4A) or (4B) of paragraph 6 above the companies from which, and the proportions in which, different descriptions of income of a company are derived (whether directly or indirectly), any dividend shall be taken to be paid out of the appropriate profits.
- (4) Subsections (3) and (4) of section 799 (which provide rules for determining the profits out of which a dividend is to be regarded as paid for the purpose of subsection (1) of that section) shall apply for determining the appropriate profits for the purposes of subsection (3) above as they apply for determining the relevant profits for the purposes of subsection (1) of that section.
- (5) Sub-paragraphs (4) to (6) of paragraph 12 above shall apply in relation to sub-paragraph (4A) or (4B) of paragraph 6 above and a superior holding company as they apply in relation to sub-paragraph (3) or (4) of paragraph 6 above and a holding company, but taking the reference in sub-paragraph (4) of paragraph 12 above to paragraph (a) or (b) of sub-paragraph (1) of that paragraph as a reference to paragraph (a) or (b) of sub-paragraph (1) above.
## Part 2A — Trading Companies with Limited UK Connection
### Introductory
##### 12B
- (1) For the purposes of section 748(1)(ba), a controlled foreign company (“C”) is exempt for an accounting period if the requirements of this Part of this Schedule are satisfied.
- (2) The requirements are those imposed as to C's—
- (a) business establishment (see paragraph 12C),
- (b) business activities (see paragraph 12D),
- (c) UK connection (see paragraph 12E), and
- (d) finance income and relevant IP income (see paragraph 12F).
### Business establishment
##### 12C
- (1) The requirement of this paragraph is that throughout the accounting period C has a business establishment in the territory in which it is resident.
- (2) For the purposes of sub-paragraph (1)—
- (a) paragraph 5(2) to (5) (special rules about residence of the company) applies as it applies for the purposes of Part 2 of this Schedule, and
- (b) paragraph 7 (meaning of “business establishment”) applies as it applies for the purposes of paragraph 6(1)(a).
### Business activities
##### 12D
- (1) The requirement of this paragraph is that—
- (a) C's business does not, at any time during the accounting period, include to a substantial extent non-exempt activities, or
- (b) if C is wholly engaged in business falling within paragraph 11(1)(c) (banking etc), C's business does not, at any time during the accounting period, include to a substantial extent non-exempt activities which do not constitute investment business.
- (2) For this purpose—
- “*non-exempt activities*” means—the holding or managing of shares or securities,the holding of intellectual property,dealing in securities, other than in the capacity of a broker,the leasing of any description of property or rights,the investment in any manner of funds which would otherwise be available, directly or indirectly, for investment by or on behalf of any person (whether resident in the United Kingdom or not) who has, or is connected or associated with a person who has, control, either alone or together with other persons, of C, andif C is not a member of an insurance group throughout the accounting period, the effecting or carrying out of contracts of insurance between C and persons related to C;
- “*investment business*” means activities within paragraphs (a) to (d) of paragraph 9(1).
- (3) For the purposes of sub-paragraph (2)(f), a person is “related” to C if—
- (a) the person is connected or associated with C,
- (b) the person has a 25 per cent assessable interest in C in the case of the accounting period in question (within the meaning of paragraph 6(4C)), or
- (c) if C is a controlled foreign company in that accounting period by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
- (4) In sub-paragraph (2)—
- “*broker*” includes any person offering to sell securities to, or purchase securities from, members of the public generally;
- “*contract of insurance*” has the meaning given by Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;
- “*insurance group*” has the meaning given by paragraph 11A(4);
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A);
- “*member of an insurance group*” has the meaning given by paragraph 11A(6).
### UK connection
##### 12E
- (1) The requirement of this paragraph is that C does not have a significant connection with the United Kingdom during the accounting period.
- (2) C has a significant connection with the United Kingdom during the accounting period if Condition A or B is met.
- (3) Condition A is that—
- (a) the UK-connected gross income of C's business for that period exceeds 10% of the gross income of that business for that period, and
- (b) sub-paragraph (4) does not apply.
- (4) This sub-paragraph applies if—
- (a) at all times in the accounting period there are sufficient individuals working for C in the territory in which it is resident, or in any other territory outside of the United Kingdom, who have the competence and authority to undertake all, or substantially all, of C's business,
- (b) C's relevant profits for the accounting period do not exceed 10% of C's relevant operating expenses for that period, and
- (c) the UK-connected gross income of C's business for that period does not exceed 50% of the gross income of that business for that period.
- (5) Condition B is that—
- (a) the UK-connected related-party business expenditure of C's business for that period exceeds 50% of the total related-party business expenditure of C's business for that period, and
- (b) during the accounting period C has been involved in a scheme where the main purpose, or one of the main purposes, of any party to the scheme in entering into the scheme is to achieve a reduction in corporation tax or any tax chargeable as if it were corporation tax.
- (6) For the purposes of sub-paragraph (4)(a), individuals are not to be regarded as working for C in any territory unless—
- (a) they are employed by C in the territory, or
- (b) they are otherwise directed by C to perform duties on its behalf in the territory.
- (7) In this paragraph—
- “*related-party business expenditure*” means any expenditure, other than capital expenditure, which gives rise, directly or indirectly, to income of a person related to C;
- “relevant profits”, for an accounting period, means the total profits of C for that period calculated in accordance with generally accepted accounting practice (disregarding any capital gains or losses), but before any deduction for interest or tax;
- “relevant operating expenses” of C means operating expenses of C other than—the cost of goods sold, andrelated-party business expenditure;
- “*scheme*” means any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving one or more transactions;
- “*UK-connected gross income*” means the gross income derived, directly or indirectly, from persons who are within the charge to United Kingdom tax for all or part of the accounting period;
- “*UK-connected related-party business expenditure*” means related-party business expenditure which gives rise, directly or indirectly, to income of a person within the charge to United Kingdom tax in respect of that income;
- “*United Kingdom tax*” means income tax or corporation tax;
and paragraph 12D(3) (persons “related” to C) applies for the purposes of this paragraph as it applies for the purposes of paragraph 12D(2)(f).
- (8) In the case of a company which is within the charge to United Kingdom tax only because it carries on a trade in the United Kingdom through a permanent establishment there, for the purposes of sub-paragraph (7)—
- (a) the gross income derived from that company is so much of the gross income as is attributable to that establishment, and
- (b) the income received by that company is such of its income as is attributable to that establishment.
### Finance income and relevant IP income
##### 12F
- (1) The requirement of this paragraph is that not more than 5% of C's gross income for the accounting period falls within sub-paragraph (2).
- (2) Gross income falls within this sub-paragraph to the extent that it is—
- (a) finance income, or
- (b) relevant IP income.
- (3) “*Finance income*” means—
- (a) any amount which in accordance with UK generally accepted accounting practice falls to be recognised as arising from a financial asset, and
- (b) any return, in relation to an amount, which—
- (i) is produced for C by an arrangement to which C is party, and
- (ii) is economically equivalent to interest,
except to the extent that the return is taken into account in determining an amount within paragraph (a).
- (4) “*Relevant IP income*” means royalties and receipts of a similar nature arising from intellectual property.
- (5) For the purposes of sub-paragraph (3)(b), the amount of a return is the amount which by virtue of the return would, in calculating C's chargeable profits, be treated under section 486B of CTA 2009 (disguised interest to be regarded as profit from loan relationship) as a profit arising to C from a loan relationship.
- (6) But, in calculating that profit for the purposes of sub-paragraph (5), sections 486B(7) and 486C to 486E of CTA 2009 are to be ignored.
- (7) In this paragraph—
- “*economically equivalent to interest*” is to be construed in accordance with section 486B(2) and (3) of CTA 2009;
- “*financial asset*” means a financial asset as defined for the purposes of UK generally accepted accounting practice or international accounting standards;
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A).
### Gross income
##### 12G
- (1) References in this Part of this Schedule to C's gross income are to be construed in accordance with this paragraph.
- (2) C's gross income for an accounting period does not include—
- (a) any distribution that would not be included in C's chargeable profits by reason of it being exempt for the purposes of Part 9A of CTA 2009 (see section 931A of that Act), or
- (b) any amount that would be taken into account in computing chargeable gains if C were within the charge to corporation tax.
- (3) C's gross income for an accounting period includes—
- (a) any income which accrues during that period to the trustees of a settlement in relation to which C is a settlor or a beneficiary, and
- (b) any income which accrues during that period to a partnership of which C is a partner, apportioned between C and the other partners on a just and reasonable basis.
- (4) Where there is more than one settlor or beneficiary in relation to the settlement mentioned in sub-paragraph (3)(a), the income is to be apportioned between C and the other settlors or beneficiaries on a just and reasonable basis.
- (5) In this paragraph—
- “*distribution*” has the same meaning as in the Corporation Tax Acts (see Part 23 of CTA 2010);
- “*partnership*” includes an entity established under the law of a country or territory outside the United Kingdom of a similar character to a partnership; and “partner” is to be read accordingly.
## Part 2B — Companies Exploiting Intellectual Property with Limited UK Connection
### Introductory
##### 12H
- (1) For the purposes of section 748(1)(bb), a company (“C”) is exempt for an accounting period if the requirements of this Part of this Schedule are satisfied.
- (2) The requirements are those imposed as to C's—
- (a) business establishment (see paragraph 12I),
- (b) intellectual property business (see paragraph 12J),
- (c) other business activities (see paragraph 12K),
- (d) UK connection (see paragraph 12L), and
- (e) finance income (see paragraph 12M).
### Business establishment
##### 12I
- (1) The requirement of this paragraph is that throughout the accounting period C has a business establishment in the territory in which it is resident.
- (2) For the purposes of sub-paragraph (1)—
- (a) paragraph 5(2) to (5) (special rules about residence of the company) applies as it applies for the purposes of Part 2 of this Schedule, and
- (b) paragraph 7 (meaning of “business establishment”) applies as it applies for the purposes of paragraph 6(1)(a).
### Intellectual property business
##### 12J
- (1) The requirement of this paragraph is that C's main business, throughout the accounting period, consists of the exploitation of intellectual property which does not have a relevant UK connection.
- (2) For the purposes of sub-paragraph (1), if any part of C's main business consists of the exploitation of intellectual property which has a relevant UK connection, that part is to be ignored if it is an insignificant part of C's main business.
- (3) Intellectual property has a relevant UK connection if—
- (a) at any time during the accounting period or the 6 years immediately preceding that period, it has been held by a person resident in the United Kingdom, or
- (b) activities relating to the creation, maintenance or enhancement of the intellectual property (other than activities of an incidental or insignificant nature) have been carried on by a person who for some or all of the period—
- (i) beginning when the activities were first carried on by the person, and
- (ii) ending at the end of the accounting period,
was related to C and within the charge to United Kingdom tax.
### Other business activities
##### 12K
- (1) The requirement of this paragraph is that—
- (a) C does not, at any time during the accounting period, carry on any activities otherwise than in the course of its main business, or
- (b) if it carries on any such activities (“secondary activities”), the secondary activities condition is met.
- (2) The secondary activities condition is that either—
- (a) the secondary activities do not, at any time during the accounting period, constitute a substantial part of the activities of C's business taken as a whole, or
- (b) section 748(1)(b) or (ba) would apply to prevent an apportionment under section 747(3) falling to be made as regards that period, if C's business consisted only of the secondary activities carried on by it during the accounting period.
### UK connection
##### 12L
- (1) The requirement of this paragraph is that C does not have a significant connection with the United Kingdom during the accounting period.
- (2) C has a significant connection with the United Kingdom during the accounting period if—
- (a) all or a substantial proportion of C's gross income for that period consists of income from the exploitation of intellectual property which derives from persons within the charge to United Kingdom tax, or
- (b) during that period C incurs expenditure (other than expenditure of an incidental or insignificant nature) on—
- (i) R&D sub-contractor payments, or
- (ii) the creation, development or maintenance of relevant intellectual property,
and that expenditure forms part of the income of a person who for some or all of that period is related to C and within the charge to United Kingdom tax.
- (3) In this paragraph—
- “*R&D sub-contractor payment*” means a payment made by C to another person in respect of research and development contracted out by C to that person;
- “*relevant intellectual property*” means intellectual property which does not have a relevant UK connection (see paragraph 12J(3)) and which C exploits in the course of its main business.
### Finance income
##### 12M
The requirement of this paragraph is that not more than 5% of C's gross income for the accounting period consists of finance income (within the meaning of paragraph 12F(3)).
### Interpretation of Part 2B
##### 12N
- (1) For the purpose of this Part of this Schedule—
- “*intellectual property*” is to be construed in accordance with paragraph 9(1A);
- “*United Kingdom tax*” means corporation tax or income tax;
and paragraph 12G (meaning of “gross income”) applies as it applies for the purposes of Part 2A of this Schedule.
- (2) For the purposes of this Part of this Schedule a person is “related” to C at a particular time if at that time—
- (a) the person is connected or associated with C,
- (b) the person has a 25 per cent assessable interest in C in the case of the accounting period of C in which that time falls (within the meaning of paragraph 6(4C)), or
- (c) if C is a controlled foreign company in the accounting period in which that time falls by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
- (3) In the case of a company which is within the charge to United Kingdom tax only because it carries on a trade in the United Kingdom through a permanent establishment there—
- (a) for the purposes of paragraph 12J(3)(b), the activities carried on by the company are such of the activities as are carried on through that establishment,
- (b) for the purposes of paragraph 12L(2)(a), the income derived from that company is such of the income so derived as is attributable to that establishment, and
- (c) for the purposes of paragraph 12L(2)(b), the income of that company is such of its income as is attributable to that establishment.
## Part 3A — Exempt Periods
### Introductory
##### 15A
The provisions of this Part of this Schedule have effect for the purposes of section 748(1)(f).
### Beginning of exempt period
##### 15B
- (1) An exempt period begins in relation to a company (“X”) at a time (“*the relevant time*”) when—
- (a) X is resident outside the United Kingdom,
- (b) X is controlled by persons resident in the United Kingdom,
- (c) there is at least one relevant UK corporate investor in X, and
- (d) the requirements of paragraph 15C or 15D are met.
- (2) There is a “relevant UK corporate investor in X” at a particular time if, at that time, there is a company which—
- (a) is resident in the United Kingdom, and
- (b) would, on the assumptions set out in sub-paragraph (3), be a company to which an apportionment of X's chargeable profits for the relevant accounting period would fall to be made in circumstances where section 747(5) would not prevent tax being chargeable on the company under section 747(4).
- (3) The assumptions are—
- (a) X has chargeable profits for the relevant accounting period,
- (b) an apportionment of those profits falls to be made under section 747(3) for that period, and
- (c) no reduction of those profits arises under section 751A, 751AA or 751AB.
- (4) “*The relevant accounting period*” means the accounting period of X in which the time mentioned in sub-paragraph (2) falls.
##### 15C
- (1) The requirements of this paragraph are that—
- (a) no company was, at any time before the relevant time, a relevant UK corporate investor in X,
- (b) no asset owned by X, or part of the business carried on by X, at the relevant time was previously owned, or carried on, by a company which—
- (i) was under the control of persons resident in the United Kingdom at any time it owned the asset or carried on the part of the business, and
- (ii) is or has been related to X,
- (c) condition A, B, C or D is met, and
- (d) no disqualifying relevant transaction occurs (see paragraph 15E).
- (2) Condition A is that, immediately before the relevant time, X—
- (a) was in existence, but
- (b) was not a member of the same group of companies as any person who, at the relevant time, was a controlling UK person.
- (3) Condition B is that—
- (a) at the relevant time X is controlled by a company which is resident in the United Kingdom, and
- (b) immediately before that time, X was controlled by that same company but that company was not then resident in the United Kingdom.
- (4) Condition C is that—
- (a) at the relevant time—
- (i) X is controlled by a company which is resident in the United Kingdom (“the intermediate parent”), and
- (ii) the intermediate parent is controlled by a company which is not resident in the United Kingdom (“the parent”), and
- (b) immediately before that time X was controlled by the parent but not the intermediate parent.
- (5) Condition D is that X—
- (a) is a controlled foreign company at the time it is formed, and
- (b) is formed by one or more persons for the purpose of controlling one or more companies in circumstances where it is expected that an exempt period will begin in relation to one or more of those companies at the time when X begins to control the company or companies.
- (6) In this paragraph “*controlling UK person*” means a person resident in the United Kingdom who alone, or together with other such persons, controls X.
##### 15D
- (1) The requirements of this paragraph are that—
- (a) the relevant time falls after 23 March 2011,
- (b) X has an accounting period during which 23 March 2011 falls,
- (c) no company was, at any time during that accounting period, a relevant UK corporate investor in X,
- (d) no company was, immediately before the relevant time, a relevant UK corporate investor in X,
- (e) at the relevant time X is controlled by a company which—
- (i) is resident in the United Kingdom, and
- (ii) is not under the control of another body corporate, or two or more other bodies corporate taken together, and
- (f) no disqualifying relevant transaction occurs (see paragraph 15E).
- (2) In determining for the purposes of sub-paragraph (1)(e)(ii) whether a company is under the control of two or more bodies corporate taken together, a body corporate which holds less than 10% of the issued ordinary shares of that company is to be disregarded.
- (3) For the purposes of sub-paragraph (2), a body corporate is treated as holding any shares held by persons who are connected or associated with the body corporate.
### Disqualifying relevant transactions
##### 15E
- (1) This paragraph applies for the purposes of paragraph 15C and 15D.
- (2) A disqualifying relevant transaction occurs if—
- (a) a relevant transaction occurs at the relevant time (whether or not the transaction occurs pursuant to an agreement entered into by X before that time), or
- (b) a relevant transaction occurs on or after 9 December 2010 but before the relevant time and that transaction forms part of an avoidance scheme.
- (3) “*Relevant transaction*” means—
- (a) the making by X of a loan or advance of an amount (other than a negligible amount) to a person who, at the time it is made, is related to X and subject to United Kingdom tax,
- (b) an increase (other than an increase of a negligible amount) in the amount of an existing loan or advance made by X to a person who, at the time of the increase, is related to X and subject to United Kingdom tax,
- (c) a change in the terms or conditions of an existing loan or advance made by X where—
- (i) the loan or advance is to a person who, at the time the change is made, is related to X and subject to United Kingdom tax, and
- (ii) the change has an effect (other than a negligible effect) on the amount of interest payable, or
- (d) a transaction to which sub-paragraph (4) applies.
- (4) This sub-paragraph applies to a transaction if—
- (a) it is referable to an activity carried on by X as part, or the whole, of any non-exempt activities carried on by X,
- (b) the results of the transaction are reflected in the profits arising in an accounting period of X and are not negligible in value, and
- (c) the results of the transaction alone, or together with the results of one or more other transactions, achieves a reduction in United Kingdom tax.
- (5) A transaction achieves, or two or more transactions together achieve, a reduction in United Kingdom tax if, had the transaction or transactions not been effected, any person—
- (a) would have been liable for any such tax or for a greater amount of any such tax, or
- (b) would not have been entitled to a relief from or repayment of any such tax or would have been entitled to a smaller relief from or repayment of any such tax.
- (6) In this paragraph—
- “*avoidance scheme*” means a scheme the main purpose, or one of the main purposes, of any party to which in entering into the scheme is to secure that section 748(1)(f) prevents an apportionment falling to be made under section 747(3) as regards an accounting period, or accounting periods, of X;
- “*non-exempt activities*” has the meaning given by paragraph 12D(2);
- “*scheme*” means any scheme, arrangements or understanding of any kind whatever, whether or not legally enforceable, involving one or more transactions;
- “*United Kingdom tax*” means corporation tax (or any tax chargeable as if it were corporation tax) or income tax.
### Ending of exempt period
##### 15F
- (1) An exempt period ends on the expiry of the period of 24 months which begins immediately after the first accounting period of X to end after the relevant time, unless sub-paragraph (2) applies.
- (2) If an early termination event occurs after the relevant time but before the time the exempt period would end under sub-paragraph (1), the exempt period ends immediately before that event.
- (3) An early termination event occurs if and when—
- (a) a relevant transaction occurs, whether or not the transaction occurs pursuant to an agreement entered into by X before that time, or
- (b) where the exempt period began because Condition D was met, X's business does not consist wholly in the holding of shares of companies which X controls, together with activities incidental to the holding of such shares.
### Interpretation of Part 3A
##### 15G
- (1) In this Part of this Schedule—
- “*group*” means a company and any other companies it controls;
- “*the relevant time*” has the meaning given by paragraph 15B;
- “*relevant transaction*” has the meaning given by paragraph 15E;
- “*relevant UK corporate investor in X*” has the meaning given by paragraph 15B(2);
- “*X*” is to be construed in accordance with paragraph 15B.
- (2) For the purposes of this Part of this Schedule a person is “related” to X at a particular time if—
- (a) the person is connected or associated with X at that time,
- (b) the person has a 25 per cent assessable interest in X in the case of the accounting period in which that time falls (within the meaning of paragraph 6(4C)), or
- (c) if X is a controlled foreign company in the accounting period in which that time falls by virtue of subsection (1A) of section 747, the person is connected or associated with either or both of the two persons mentioned in that subsection.
### Application of this Schedule in relation to umbrella funds and funds comprising more than one class of interest
##### 21
- (1) The Treasury may make provision by regulations as to the application of the provisions of this Schedule in relation to—
- (a) a part of an umbrella fund which is treated as an offshore fund under section 756B, or
- (b) a class of interest in an offshore fund which is treated as an offshore fund under section 756C.
- (2) Regulations under this paragraph may—
- (a) make different provision for different cases, and
- (b) include such supplementary, incidental, consequential or transitional provisions (including provisions modifying the effect of other enactments) as appear to the Treasury to be necessary or expedient.
## Part 3 — Supplementary
### Application of this Schedule in relation to umbrella funds and funds comprising more than one class of interest
##### 9
- (1) The Treasury may make provision by regulations as to the application of the provisions of this Schedule in relation to—
- (a) a part of an umbrella fund which is treated as an offshore fund under section 756B, or
- (b) a class of interest in an offshore fund which is treated as an offshore fund under section 756C.
- (2) Regulations under this paragraph may—
- (a) make different provision for different cases, and
- (b) include such supplementary, incidental, consequential or transitional provisions (including provisions modifying the effect of other enactments) as appear to the Treasury to be necessary or expedient.
## Schedule 28A
## Part I — Significant increase in company capital
### General
##### 1
The provisions referred to in section 768B(2) for determining whether there is a significant increase in the amount of a company’s capital after a change in the ownership of the company are as follows.
### The basic rule
##### 2
There is a significant increase in the amount of a company’s capital if amount B—
- (a) exceeds amount A by at least £1 million; or
- (b) is at least twice amount A.
### Amount A
##### 3
- (1) Amount A is the lower of—
- (a) the amount of the company’s capital immediately before the change in the ownership; and
- (b) the highest 60 day minimum amount for the pre-change year, found in accordance with sub-paragraphs (2) to (6) below.
- (2) Find the daily amounts of the company’s capital over the pre-change year.
- (3) Take the highest of the daily amounts.
- (4) Find out whether there was in the pre-change year a period of 60 days or more in which there was no daily amount lower than the amount taken.
- (5) If there was, the amount taken is the highest 60 day minimum amount for the pre-change year.
- (6) If there was not, take the next highest of the daily amounts and repeat the process in sub-paragraph (4) above; and so on, until the highest 60 day minimum amount for the pre-change year is found.
- (7) In this Part of this Schedule “*the pre-change year*” means the period of one year ending immediately before the change in the ownership of the company in question.
### Amount B
##### 4
- (1) Amount B is the highest 60 day minimum amount for the post-change period (finding that amount for that period in the same way as the highest 60 day minimum amount for the pre-change year is found).
- (2) In this paragraph “*the post-change period*” means the period of three years beginning with the change in the ownership of the company in question.
### Capital and amounts of capital
##### 5
- (1) The capital of a company consists of the aggregate of—
- (a) the amount of the paid up share capital of the company;
- (b) the amount outstanding of any debts incurred by the company which are of a description mentioned in any of paragraphs (a) to (c) of section 417(7); and
- (c) the amount outstanding of any redeemable loan capital issued by the company.
- (2) For the purposes of sub-paragraph (1) above—
- (a) the amount of the paid up share capital includes any amount in the share premium account of the company (construing “share premium account” in the same way as in section 130 of the Companies Act 1985); and
- (b) the amount outstanding of any debts includes any interest due on the debts.
- (3) Amounts of capital shall be expressed in sterling and rounded up to the nearest pound.
## Part II — Amounts in issue for purposes of section 768B
##### 6
The amounts in issue referred to in section 768B(4)(c) are—
- (a) the amount of any expenses of management referable to the accounting period (within the meaning of section 75) being divided, except any such expenses as would (apart from section 768B) be deductible in computing profits otherwise than under section 75;
- (b) the amount of any charges which are paid in that accounting period wholly and exclusively for the purposes of the company’s business;
- (c) the amount of any excess carried forward under section 75(9) to the accounting period being divided;
- (d) the amount of any allowances falling to be made for that accounting period by virtue of section 253 of the Capital Allowances Act which would (apart from section 768B) be added to the expenses of management for that accounting period by virtue of section 75(7);
- (da) the amount (if any) of the adjusted Case III profits and gains or non-trading deficit of the company for that accounting period (other than one within sub-paragraph (dc) below) ;
- (db) the amount of any non-trading debit (other than one within sub-paragraph . . . (dd) below) that falls to be brought into account for that accounting period for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of any debtor relationship of the company;
- (dc) the amount of any non-trading deficit carried forward to that accounting period under section 83(3A) of the Finance Act 1996 (carried forward deficit not set off against profits);
- (dd) the amount of any non-trading debit given for that accounting period by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company;
- (de) the amount of any non-trading credits or debits in respect of intangible fixed assets that fall to be brought into account for that period under paragraph 34 of Schedule 29 to the Finance Act 2002;
- (df) the amount of any non-trading loss on intangible fixed assets carried forward to that accounting period under paragraph 35(3) of that Schedule;
- (e) any other amounts by reference to which the profits or losses of that accounting period would (apart from section 768B) be calculated.
##### 6A
For the purposes of paragraph 6(da) above, the amount for any accounting period of the adjusted Case III profits and gains or non-trading deficit of a company is the amount which, as the case may be, would be—
- (a) the amount of the profits and gains chargeable under Case III of Schedule D as profits and gains arising from the company’s loan relationships, or
- (b) the amount of the company’s non-trading deficit on those relationships for that period,
if, in computing that amount, amounts for that period falling within paragraph 6(db) to (dd) above were disregarded.
## Part III — Apportionment for purposes of section 768B
##### 7
- (1) Subject to paragraph 8 below, the apportionment required by section 768B(4)(c) shall be made—
- (a) in the case of the sums mentioned in paragraph 6(a) above, by apportioning to each accounting period the amounts that would fall to be brought into account in that period as such sums, if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (aa) in the case of the charges mentioned in paragraph 6(b) above, by reference to the time when the charge is due to be paid;
- (b) in the case of the excess mentioned in paragraph 6(c) above, or in the case of the non-trading deficit mentioned in paragraph 6(dc) above, by apportioning the whole amount of the excess or, as the case may be, of the deficit to the first part of the accounting period being divided;
- (c) in the case of the amounts mentioned in paragraph 6(d) , (da) and (e) above, by reference to the respective lengths of the parts of the accounting period being divided;
- (d) in the case of any such debit as—
- (i) is mentioned in paragraph 6(db) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . .
- (iii) so falls to be brought into account otherwise than on the assumption, specified in paragraph 2(2) of Schedule 9 to that Act, that the interest to which it relates does not accrue until it is paid , and
- (iv) so falls to be brought into account without any adjustment under paragraph 17 or 18 of that Schedule (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed),
by reference to the time of accrual of the amount to which the debit relates;
- (e) in the case of any such debit as—
- (i) is mentioned in paragraph 6(db) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . . and
- (iii) so falls to be brought into account—
- — on the assumption mentioned in paragraph (d)(iii) above, or
- — with such an adjustment as is mentioned in paragraph (d)(iv) above,
by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (f) in the case of any such debit as is mentioned in paragraph 6(dd) above, by apportioning the whole amount of the debit to the first part of the accounting period being divided.
- (g) in the case of any such credit or debit as is mentioned in paragraph 6(de), by apportioning to each accounting period the credits or debits that would fall to be brought into account in that period if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (h) in the case of any such loss as is mentioned in paragraph 6(df) above, by apportioning the whole amount of the loss to the first part of the accounting period being divided.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 8
If it appears that any method of apportionment given by paragraph 7 above would work unreasonably or unjustly for any case for which it is given, such other method shall be used for that case as appears just and reasonable.
## Part IV — Excess overdue interest
### Introductory
##### 9
- (1) This paragraph has effect in a case to which section 768B applies for determining the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) for—
- (a) the accounting period beginning immediately after the change in the ownership of the company; and
- (b) any subsequent accounting period.
- (2) The debits so brought into account shall not include the debits falling within paragraph 11 below to the extent (if at all) that the aggregate of—
- (a) the amount of those debits, and
- (b) the amount of any debits falling within that paragraph which have been brought into account for the purposes of that Chapter for any previous accounting period ending after the change in the ownership,
exceeds the profits for the accounting period ending with the change in the ownership.
- (3) The reference in sub-paragraph (2) above to the profits is a reference to profits after making all deductions and giving all reliefs that for the purposes of corporation tax are made or given against the profits, including deductions and reliefs which under any provision are treated as reducing them for those purposes.
### The rules
##### 10
- (1) This paragraph has effect in a case to which section 768C applies for determining the debits to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) for—
- (a) the accounting period beginning immediately after the change in the ownership of the relevant company; and
- (b) any subsequent accounting period.
- (2) The debits so brought into account for any such accounting period shall not include the debits falling within paragraph 11 below to the extent (if at all) that the amount of those debits exceeds the modified total profits for the accounting period.
- (3) The reference in sub-paragraph (2) above to the modified total profits for an accounting period is a reference to the total profits for that period—
- (a) reduced, if that period is the period in which the relevant gain accrues, by an amount equal to the amount of the total profits for that period which represents the relevant gain; and
- (b) after making all deductions and giving all reliefs that for the purposes of corporation tax are made or given against the profits, including deductions and reliefs which under any provision are treated as reducing them for those purposes, other than any reduction by virtue of paragraph 1(2) of Schedule 8 to the Finance Act 1996.
- (4) Where by virtue of sub-paragraph (2) above a debit is to any extent not brought into account for an accounting period, that debit may (to that extent) be brought into account for the next accounting period, but this is subject to the application of sub-paragraphs (1) to (3) above to that next accounting period.
##### 11
- (1) A debit falls within this paragraph if it is a non-trading debit which—
- (a) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting;
- (b) so falls to be brought into account—
- (i) with an adjustment under paragraph 17 or 18 of Schedule 9 to that Act (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed); or
- (ii) on the assumption, specified in sub-paragraph (2) of paragraph 2 of that Schedule, that the interest to which it relates does not accrue until it is paid; and
- (c) apart from paragraphs 2(2), 17 and 18 of that Schedule, would have fallen to be brought into account for those purposes for an accounting period ending before or with the change in the ownership of the company or, as the case may be, the relevant company.
- (2) The debits that fall within this paragraph also include—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) any non-trading debit given by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company or, as the case may be, the relevant company.
- (3) The debits that fall within this paragraph also include any non-trading debit which—
- (a) is not such a debit as is mentioned in sub-paragraph (1) or (2) above;
- (b) is a debit in respect of a debtor relationship of the company or, as the case may be, the relevant company;
- (c) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting; and
- (d) relates to an amount that accrued before the change in the ownership of that company.
- (4) In this paragraph “*post-change accounting period*” means the accounting period beginning immediately after the change in the ownership of the company or, as the case may be, the relevant company.
##### 12
Expressions used both in this Part of this Schedule and in Chapter II of Part IV of the Finance Act 1996 have the same meanings in this Part of this Schedule as in that Chapter.
## Part IV — Disallowed debits
##### 9A
- (1) This paragraph has effect in any case to which section 768B applies where the non-trading deficit mentioned in paragraph 6(dc) above is apportioned by paragraph 7(b) above to the first part of the accounting period being divided.
- (2) In any such case, none of that non-trading deficit shall be carried forward to—
- (a) the accounting period beginning immediately after the change in the ownership of the company, or
- (b) any subsequent accounting period.
##### 10A
- (1) This paragraph has effect in any case to which section 768C applies where the non-trading deficit mentioned in paragraph 13(1)(ec) below is apportioned by paragraph 16(1)(b) below to the first part of the accounting period being divided.
- (2) In any such case, none of that non-trading deficit shall be carried forward to—
- (a) the accounting period beginning immediately after the change in the ownership of the company, or
- (b) any subsequent accounting period.
## Part V — Amounts in issue for purposes of section 768C
##### 13
- (1) The amounts in issue referred to in section 768C(3)(c) are—
- (a) the amount which would in accordance with the relevant provisions of the 1992 Act (and apart from section 768C) be included in respect of chargeable gains in the total profits for the accounting period being divided;
- (b) the amount of any expenses of management referable to the accounting period (within the meaning of section 75) being divided except any such expenses as would (apart from section 768C) be deductible in computing total profits otherwise than under section 75;
- (c) the amount of any charges which are paid in that accounting period wholly and exclusively for the purposes of the company’s business;
- (d) the amount of any excess carried forward under section 75(9) to the accounting period being divided;
- (e) the amount of any allowances falling to be made for that accounting period by virtue of section 253 of the Capital Allowances Act which would (apart from section 768C) be added to the expenses of management for that accounting period by virtue of section 75(7);
- (ea) the amount (if any) of the adjusted Case III profits and gains or non-trading deficit of the company for that accounting period (other than one within paragraph (ec) below);
- (eb) the amount of any non-trading debit (other than one within paragraph . . . (ed) below) that falls to be brought into account for that accounting period for the purposes of Chapter II of Part IV of the Finance Act 1996 (loan relationships) in respect of any debtor relationship of the company;
- (ec) the amount of any non-trading deficit carried forward to that accounting period under section 83(3A) of the Finance Act 1996 (carried forward deficit not set off against profits);
- (ed) the amount of any non-trading debit given for that accounting period by paragraph 13 of Schedule 15 to the Finance Act 1996 (transitional adjustment for past interest) in respect of any debtor relationship of the company;
- (ee) the amount of any non-trading credits or debits in respect of intangible fixed assets that fall to be brought into account for that period under paragraph 34 of Schedule 29 to the Finance Act 2002;
- (ef) the amount of any non-trading loss on intangible fixed assets carried forward to that accounting period under paragraph 35(3) of that Schedule; and
- (f) any other amounts by reference to which the profits or losses of the accounting period being divided would (apart from section 768C) be calculated.
- (2) In sub-paragraph (1)(a) above “*the relevant provisions of the 1992 Act*” means section 8(1) of and Schedule 7A to that Act.
##### 13A
Paragraph 6A above shall apply for the purposes of paragraph 13(1)(ea) above as it applies for the purposes of paragraph 6(da) above.
## Part VI — Apportionment for purposes of section 768C
##### 14
The apportionment required by section 768C(3)(c) shall be made as follows.
##### 15
In the case of the amount mentioned in paragraph 13(1)(a) above—
- (a) if it does not exceed the amount of the relevant gain, the whole of it shall be apportioned to the second part of the accounting period being divided;
- (b) if it exceeds the amount of the relevant gain, the excess shall be apportioned to the first part of the accounting period being divided and the relevant gain shall be apportioned to the second part.
##### 16
- (1) Subject to paragraph 17 below, the apportionment shall be made—
- (a) in the case of the sums mentioned in paragraph 13(1)(b) above, by apportioning to each accounting period the amounts that would fall to be brought into account in that period as such sums, if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (aa) in the case of the charges mentioned in paragraph 13(1)(c) above, by reference to the time when the charge is due to be paid;
- (b) in the case of the excess mentioned in paragraph 13(1)(d) above, or in the case of the non-trading deficit mentioned in paragraph 13(1)(ec) above, by apportioning the whole amount of the excess or, as the case may be, of the deficit to the first part of the accounting period being divided;
- (c) in the case of the amounts mentioned in paragraph 13(1)(e) , (ea) and (f) above, by reference to the respective lengths of the parts of the accounting period being divided;
- (d) in the case of any such debit as—
- (i) is mentioned in paragraph 13(1)(eb) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . .
- (iii) so falls to be brought into account otherwise than on the assumption, specified in paragraph 2(2) of Schedule 9 to that Act, that the interest to which it relates does not accrue until it is paid , and
- (iv) so falls to be brought into account without any adjustment under paragraph 17 or 18 of that Schedule (debit relating to amount of discount referable to the relevant accounting period to be brought into account instead for the accounting period in which the security is redeemed),
by reference to the time of accrual of the amount to which the debit relates;
- (e) in the case of any such debit as—
- (i) is mentioned in paragraph 13(1)(eb) above,
- (ii) falls to be brought into account for the purposes of Chapter II of Part IV of the Finance Act 1996 in accordance with an amortised cost basis of accounting, . . . and
- (iii) so falls to brought into account—
- — on the assumption mentioned in paragraph (d)(iii) above, or
- — with such an adjustment as is mentioned in paragraph (d)(iv) above,
by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (f) in the case of any such debit as is mentioned in paragraph 13(1)(ed) above, by apportioning the whole amount of the debit to the first part of the accounting period being divided;
- (g) in the case of any such credit or debit as is mentioned in paragraph 13(ee), by apportioning to each accounting period the credits or debits that would fall to be brought into account in that period if it were a period of account for which accounts were drawn up in accordance with generally accepted accounting practice;
- (h) in the case of any such loss as is mentioned in paragraph 13(ef), by apportioning the whole amount of the loss to the first part of the accounting period being divided.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 17
If it appears that any method of apportionment given by paragraph 16 above would work unreasonably or unjustly for any case for which it is given, such other method shall be used for that case as appears just and reasonable.
## SCHEDULE 28AA
### Basic rule on transfer pricing etc.
##### 1
- (1) This Schedule applies where—
- (a) provision (“the actual provision") has been made or imposed as between any two persons (“the affected persons") by means of a transaction or series of transactions, and
- (b) at the time of the making or imposition of the actual provision—
- (i) one of the affected persons was directly or indirectly participating in the management, control or capital of the other; or
- (ii) the same person or persons was or were directly or indirectly participating in the management, control or capital of each of the affected persons.
- (2) Subject to paragraphs 5A, 5B, 8, 10 and 13 below, if the actual provision—
- (a) differs from the provision (“the arm"s length provision’) which would have been made as between independent enterprises, and
- (b) confers a potential advantage in relation to United Kingdom taxation on one of the affected persons, or (whether or not the same advantage) on each of them,
the profits and losses of the potentially advantaged person or, as the case may be, of each of the potentially advantaged persons shall be computed for tax purposes as if the arm’s length provision had been made or imposed instead of the actual provision.
- (3) For the purposes of this Schedule the cases in which provision made or imposed as between any two persons is to be taken to differ from the provision that would have been made as between independent enterprises shall include the case in which provision is made or imposed as between any two persons but no provision would have been made as between independent enterprises; and references in this Schedule to the arm’s length provision shall be construed accordingly.
### Provision in relation to securities: determination of arm’s length provision
##### 1A
- (1) This paragraph applies where—
- (a) both of the affected persons are companies, and
- (b) the actual provision is provision in relation to a security issued by one of those companies (“the issuing company”).
- (2) Paragraph 1(2)(a) above shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the loan would have been made at all in the absence of the special relationship (see sub-paragraph (6) below),
- (b) the amount which the loan would have been in the absence of the special relationship, and
- (c) the rate of interest and other terms which would have been agreed in the absence of the special relationship,
but this is subject to the following provisions of this paragraph.
- (3) In a case where—
- (a) a company makes a loan to another company with which it has a special relationship, and
- (b) it is not part of the first company’s business to make loans generally,
the fact that it is not part of the first company’s business to make loans generally shall be disregarded in construing sub-paragraph (2) above.
- (4) Paragraph 1(2)(a) above shall be construed as requiring no account to be taken, in the determination of any of the matters mentioned in sub-paragraph (5) below, of (or of any inference capable of being drawn from) any guarantee provided by a company with which the issuing company has a participatory relationship (see sub-paragraphs (7) and (8) below).
- (5) The matters are—
- (a) the appropriate level or extent of the issuing company’s overall indebtedness;
- (b) whether it might be expected that the issuing company and a particular person would have become parties to a transaction involving the issue of a security by the issuing company or the making of a loan, or a loan of a particular amount, to the issuing company;
- (c) the rate of interest and other terms that might be expected to be applicable in any particular case to such a transaction.
- (6) In this paragraph “*special relationship*” means any relationship by virtue of which the condition in paragraph 1(1)(b) above is satisfied in the case of the affected persons.
- (7) In this paragraph any reference to a guarantee includes a reference to a surety and to any other relationship, arrangements, connection or understanding (whether formal or informal) such that the person making the loan to the issuing company has a reasonable expectation that in the event of a default by the issuing company he will be paid by, or out of the assets of, one or more companies.
- (8) For the purposes of this paragraph, the cases where one company has a “*participatory relationship*”with another are those where—
- (a) one of them is directly or indirectly participating in the management, control or capital of the other; or
- (b) the same person or persons is or are directly or indirectly participating in the management, control or capital of each of them.
- (9) In this paragraph “*security*” includes securities not creating or evidencing a charge on assets.
- (10) For the purposes of this paragraph—
- (a) interest payable by a company on money advanced without the issue of a security for the advance, or
- (b) other consideration given by a company for the use of money so advanced,
shall be treated as if payable or given in respect of a security issued for the advance by the company, and references in this paragraph to a security shall be construed accordingly.
### Guarantees etc
##### 1B
- (1) This paragraph applies where the actual provision is made or imposed by means of a series of transactions which include—
- (a) the issuing of a security by a company which is one of the affected persons (“the issuing company”), and
- (b) the provision of a guarantee by a company which is the other of those persons.
- (2) Paragraph 1(2)(a) above shall be construed as requiring account to be taken of all factors, including—
- (a) the question whether the guarantee would have been provided at all in the absence of the special relationship,
- (b) the amount that would have been guaranteed in the absence of the special relationship, and
- (c) the consideration for the guarantee and other terms which would have been agreed in the absence of the special relationship,
but this is subject to the following provisions of this paragraph.
- (3) In a case where—
- (a) a company provides a guarantee in respect of another company with which it has a special relationship, and
- (b) it is not part of the first company’s business to provide guarantees generally,
the fact that it is not part of the first company’s business to provide guarantees generally shall be disregarded in construing sub-paragraph (2) above.
- (4) Paragraph 1(2)(a) above shall be construed as requiring no account to be taken, in the determination of any of the matters mentioned in sub-paragraph (5) below, of (or of any inference capable of being drawn from) any guarantee provided by a company with which the issuing company has a participatory relationship.
- (5) The matters are—
- (a) the appropriate level or extent of the issuing company’s overall indebtedness;
- (b) whether it might be expected that the issuing company and a particular person would have become parties to a transaction involving the issue of a security by the issuing company or the making of a loan, or a loan of a particular amount, to the issuing company;
- (c) the rate of interest and other terms that might be expected to be applicable in any particular case to such a transaction.
- (6) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (6) (meaning of special relationship);
- (b) sub-paragraph (7) (construction of references to a guarantee);
- (c) sub-paragraph (8) (meaning of participatory relationship);
- (d) sub-paragraph (9) (meaning of security);
- (e) sub-paragraph (10) (extended meaning of security).
### Principles for construing rules in accordance with OECD principles
##### 2
- (1) This Schedule shall be construed (subject to paragraphs 8 to 11 below) in such manner as best secures consistency between—
- (a) the effect given to paragraph 1 above; and
- (b) the effect which, in accordance with the transfer pricing guidelines, is to be given, in cases where double taxation arrangements incorporate the whole or any part of the OECD model, to so much of the arrangements as does so.
- (2) In this paragraph “*the OECD model*” means—
- (a) the rules which, at the passing of this Act, were contained in Article 9 of the Model Tax Convention on Income and on Capital published by the Organisation for Economic Co-operation and Development; or
- (b) any rules in the same or equivalent terms.
- (3) In this paragraph “*the transfer pricing guidelines*” means—
- (a) all the documents published by the Organisation for Economic Co-operation and Development, at any time before 1st May 1998, as part of their Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations; and
- (b) such documents published by that Organisation on or after that date as may for the purposes of this Schedule be designated, by an order made by the Treasury, as comprised in the transfer pricing guidelines.
### Meaning of “transaction" and “series of transactions"
##### 3
- (1) In this Schedule “*transaction*” includes arrangements, understandings and mutual practices (whether or not they are, or are intended to be, legally enforceable).
- (2) References in this Schedule to a series of transactions include references to a number of transactions each entered into (whether or not one after the other) in pursuance of, or in relation to, the same arrangement.
- (3) A series of transactions shall not be prevented by reason only of one or more of the matters mentioned in sub-paragraph (4) below from being regarded for the purposes of this Schedule as a series of transactions by means of which provision has been made or imposed as between any two persons.
- (4) Those matters are—
- (a) that there is no transaction in the series to which both those persons are parties;
- (b) that the parties to any arrangement in pursuance of which the transactions in the series are entered into do not include one or both of those persons; and
- (c) that there is one or more transactions in the series to which neither of those persons is a party.
- (5) In this paragraph, “*arrangement*” means any scheme or arrangement of any kind (whether or not it is, or is intended to be, legally enforceable).
### Participation in the management, control or capital of a person
##### 4
- (1) For the purposes of this Schedule a person is directly participating in the management, control or capital of another person at a particular time if, and only if, that other person is at that time—
- (a) a body corporate or a partnership; and
- (b) controlled by the first person.
- (2) For the purposes of this Schedule a person (“*the potential participant*”) is indirectly participating in the management, control or capital of another person at a particular time if, and (subject to paragraphs 4A and 6(4C) below) only if—
- (a) he would be taken to be directly so participating at that time if the rights and powers attributed to him included all the rights and powers mentioned in sub-paragraph (3) below that are not already attributed to him for the purposes of sub-paragraph (1) above; or
- (b) he is, at that time, one of a number of major participants in that other person’s enterprise.
- (3) The rights and powers referred to in sub-paragraph (2)(a) above are—
- (a) rights and powers which the potential participant is entitled to acquire at a future date or which he will, at a future date, become entitled to acquire;
- (b) rights and powers of persons other than the potential participant to the extent that they are rights or powers falling within sub-paragraph (4) below;
- (c) rights and powers of any person with whom the potential participant is connected; and
- (d) rights and powers which for the purposes of sub-paragraph (2)(a) above would be attributed to a person with whom the potential participant is connected if that connected person were himself the potential participant.
- (4) Rights and powers fall within this sub-paragraph to the extent that they—
- (a) are required, or may be required, to be exercised in any one or more of the following ways, that is to say—
- (i) on behalf of the potential participant;
- (ii) under the direction of the potential participant; or
- (iii) for the benefit of the potential participant;
and
- (b) are not confined, in a case where a loan has been made by one person to another, to rights and powers conferred in relation to property of the borrower by the terms of any security relating to the loan.
- (5) In sub-paragraphs (3)(b) to (d) and (4) above, the references to a person’s rights and powers include references to any rights or powers which he either—
- (a) is entitled to acquire at a future date, or
- (b) will, at a future date, become entitled to acquire.
- (6) In paragraph (d) of sub-paragraph (3) above, the reference to rights and powers which would be attributed to a connected person if he were the potential participant includes a reference to rights and powers which, by applying that paragraph wherever one person is connected with another, would be so attributed to him through a number of persons each of whom is connected with at least one of the others.
- (7) For the purposes of this paragraph a person (“*the potential major participant*”) is a major participant in another person’s enterprise at a particular time if at that time—
- (a) that other person (“*the subordinate*”) is a body corporate or partnership; and
- (b) the 40 per cent. test is satisfied in the case of each of two persons who, taken together, control the subordinate and of whom one is the potential major participant.
- (8) For the purposes of this paragraph the 40 per cent. test is satisfied in the case of each of two persons wherever each of them has interests, rights and powers representing at least 40 per cent. of the holdings, rights and powers in respect of which the pair of them fall to be taken as controlling the subordinate.
- (9) For the purposes of this paragraph—
- (a) the question whether a person is controlled by any two or more persons taken together, and
- (b) any question whether the 40 per cent. test is satisfied in the case of a person who is one of two persons,
shall be determined after attributing to each of the persons all the rights and powers attributed to a potential participant for the purposes of sub-paragraph (2)(a) above.
- (10) References in this paragraph—
- (a) to rights and powers of a person, or
- (b) to rights and powers which a person is or will become entitled to acquire,
include references to rights or powers which are exercisable by that person, or (when acquired by that person) will be exercisable, only jointly with one or more other persons.
- (11) For the purposes of this paragraph two persons are connected with each other if—
- (a) one of them is an individual and the other is his spouse or civil partner, a relative of his or of his spouse or civil partner, or the spouse or civil partner of such a relative; or
- (b) one of them is a trustee of a settlement and the other is—
- (i) a person who in relation to that settlement is a settlor; or
- (ii) a person who is connected with a person falling within sub-paragraph (i) above.
- (12) In sub-paragraph (11) above—
- “*relative*” means brother, sister, ancestor or lineal descendant; and
- “*settlement*” and “*settlor*” have the same meanings as in Chapter IA of Part XV.
### Persons acting together in relation to financing arrangements
##### 4A
- (1) A person (“P”) shall be treated for the purposes of paragraph 1(1)(b)(i) above (but subject to sub-paragraph (7) below) as indirectly participating in the management, control or capital of another (“A”) at the time of the making or imposition of the actual provision if—
- (a) the actual provision relates, to any extent, to financing arrangements for A;
- (b) A is a body corporate or partnership;
- (c) P and other persons acted together in relation to the financing arrangements; and
- (d) P would be taken to have control of A if, at any relevant time, there were attributed to P the rights and powers of each of the other persons mentioned in paragraph (c) above.
- (2) A person (“Q”) shall be treated for the purposes of paragraph 1(1)(b)(ii) above (but subject to sub-paragraph (7) below) as indirectly participating in the management, control or capital of each of the affected persons at the time of the making or imposition of the actual provision if—
- (a) the actual provision relates, to any extent, to financing arrangements for one of the affected persons (“B”);
- (b) B is a body corporate or partnership;
- (c) Q and other persons acted together in relation to the financing arrangements; and
- (d) Q would be taken to have control of both B and the other affected person if, at any relevant time, there were attributed to Q the rights and powers of each of the other persons mentioned in paragraph (c) above.
- (3) It is immaterial for the purposes of sub-paragraph (1)(c) or (2)(c) above whether P or Q and the other persons acting together in relation to the financing arrangements did so at the time of the making or imposition of the actual provision or at some earlier time.
- (4) In sub-paragraph (1)(d) or (2)(d) “*relevant time*” means—
- (a) a time when P or Q and the other persons were acting together in relation to the financing arrangements; or
- (b) a time in the period of six months beginning with the day on which they ceased so to act.
- (5) In determining for the purposes of sub-paragraph (1)(d) or (2)(d) whether P or Q would be taken to have control of another person, the rights and powers of any person (and not just P or Q) shall be taken to include those that would be attributed to that person in determining under paragraph 4 above whether he is indirectly participating in the management, control or capital of the other person.
- (6) In this paragraph “*financing arrangements*” means arrangements made for providing or guaranteeing, or otherwise in connection with, any debt, capital or other form of finance.
- (7) Where the condition in paragraph 1(1)(b) above would not be satisfied but for this paragraph, paragraph 1(2) above applies only to the extent that the actual provision relates to the financing arrangements in question.
### Financing arrangements: anticipatory provision
##### 4B
- (1) To the extent that it applies to provision relating to financing arrangements, this Schedule has effect as if in paragraph 1(1)(b) above the words “or within the period of six months beginning with the day on which the actual provision was made or imposed” were inserted immediately before sub-paragraph (i).
- (2) In this paragraph “*financing arrangements*” has the same meaning as in paragraph 4A above.
### Advantage in relation to United Kingdom taxation
##### 5
- (1) For the purposes of this Schedule . . . the actual provision confers a potential advantage on a person in relation to United Kingdom taxation wherever, disregarding this Schedule, the effect of making or imposing the actual provision, instead of the arm’s length provision, would be one or both of the following, that is to say—
- (a) that a smaller amount (which may be nil) would be taken for tax purposes to be the amount of that person’s profits for any chargeable period; or
- (b) that a larger amount (or, if there would not otherwise have been losses, any amount of more than nil) would be taken for tax purposes to be the amount for any chargeable period of any losses of that person.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) In determining for the purposes of sub-paragraph (1) above the amount that would be taken for tax purposes to be the amount of the profits or losses for a year of assessment in the case of a person who is not resident in the United Kingdom, there shall be left out of account any income of that person which is—
- (a) excluded income for the purposes of section 128 of the Finance Act 1995 (limit on income chargeable on non-residents: income tax), or
- (b) income to which section 151 of the Finance Act 2003 applies (non-resident companies: extent of charge to income tax).
### Exemption for dormant companies
##### 5A
- (1) Paragraph 1(2) above does not apply in computing for any chargeable period the profits and losses of a potentially advantaged person if that person is a company which satisfies the condition in sub-paragraph (2) below.
- (2) The condition is that—
- (a) the company was dormant throughout the pre-qualifying period, and
- (b) apart from paragraph 1 above, the company has continued to be dormant at all times since the end of the pre-qualifying period.
- (3) In sub-paragraph (2) above “*the pre-qualifying period*” means—
- (a) if there is an accounting period of the company that ends on 31st March 2004, that accounting period, or
- (b) if there is no such accounting period, the period of 3 months ending with that date.
- (4) In this paragraph “*dormant*” has the same meaning as in section 249AA of the Companies Act 1985 (see subsections (4) to (7) of that section).
### Exemption for small or medium-sized enterprises
##### 5B
- (1) Paragraph 1(2) above does not apply in computing for any chargeable period the profits and losses of a potentially advantaged person if that person is a small or medium-sized enterprise for that chargeable period (see paragraph 5D below).
- (2) Exceptions to sub-paragraph (1) above are provided—
- (a) in the case of a small enterprise, by sub-paragraphs (3) and (4) below, and
- (b) in the case of a medium-sized enterprise, by sub-paragraphs (3) and (4) and paragraph 5C below.
- (3) The first exception is where the small or medium-sized enterprise elects for sub-paragraph (1) above not to apply in relation to the chargeable period.
Any such election is irrevocable.
- (4) The second exception is where, at the time when the actual provision is or was made or imposed,—
- (a) the other affected person, or
- (b) a party to a relevant transaction (see sub-paragraph (5) below),
is a resident (see sub-paragraph (6) below) of a non-qualifying territory (whether or not that person is also a resident of a qualifying territory).
- (5) For the purposes of sub-paragraph (4) above, a “party to a relevant transaction” is a person who, in a case where the actual provision is or was imposed by means of a series of transactions, is or was a party to one or more of those transactions.
- (6) In this paragraph “*resident*”, in relation to a territory,—
- (a) means a person who, under the laws of that territory, is liable to tax there by reason of his domicile, residence or place of management, but
- (b) does not include a person who is liable to tax in that territory in respect only of income from sources in that territory or capital situated there.
- (7) The definitions of “qualifying territory” and “non-qualifying territory” are in paragraph 5E below.
### Additional provisions for medium-sized enterprises
##### 5C
- (1) Paragraph 5B(1) above does not apply as respects any provision made or imposed if—
- (a) the potentially advantaged person in question is a medium-sized enterprise for the chargeable period in question, and
- (b) the Board gives that person a notice under this sub-paragraph (a “*transfer pricing notice*”) requiring him to compute the profits and losses of that chargeable period in accordance with paragraph 1(2) above in the case of that provision.
- (2) A transfer pricing notice may be given in respect of —
- (a) any provision specified, or of a description specified, in the notice, or
- (b) every provision in relation to which the assumption in paragraph 1(2) above would fall to be made apart from paragraph 5B(1) above.
- (3) A transfer pricing notice may be given only after a notice of enquiry has been given to the potentially advantaged person in respect of his tax return for the chargeable period.
- (4) A transfer pricing notice must identify the officer of the Board to whom any notice of appeal under this paragraph is to be given.
- (5) A person to whom a transfer pricing notice is given may appeal against the decision to give the notice, but only on the grounds that the condition in sub-paragraph (1)(a) above is not satisfied.
- (6) Any such appeal must be brought by giving written notice of appeal to the officer of the Board identified for the purpose in the transfer pricing notice in accordance with sub-paragraph (4) above.
- (7) The notice of appeal must be given before the end of the period of 30 days beginning with the day on which the transfer pricing notice is given.
- (8) A person to whom a transfer pricing notice is given may amend his tax return for the purpose of complying with the notice at any time before the end of the period of 90 days beginning with—
- (a) the day on which the notice is given, or
- (b) if he appeals against the notice, the day on which the appeal is finally determined or abandoned.
- (9) Where a transfer pricing notice is given in the case of any tax return, no closure notice may be given in relation to that tax return until—
- (a) the end of the period of 90 days specified in sub-paragraph (8) above, or
- (b) the earlier amendment of the tax return for the purpose of complying with the notice.
- (10) So far as relating to any provision made or imposed by or in relation to a person—
- (a) who is a medium-sized enterprise for a chargeable period,
- (b) who does not make an election under paragraph 5B(3) above for that period, and
- (c) who is not excepted from paragraph 5B(1) above by virtue of paragraph 5B(4) above in relation to that provision for that period,
the tax return required to be made for that period is a return that disregards paragraph 1(2) above.
- (11) Sub-paragraph (10) above does not prevent a tax return for a period becoming incorrect if, in the case of any provision made or imposed,—
- (a) a transfer pricing notice is given which has effect in relation to that provision for that period,
- (b) the return is not amended in accordance with sub-paragraph (8) above for the purpose of complying with the notice, and
- (c) the return ought to have been so amended.
- (12) In this paragraph—
- “*closure notice*” means a notice under—section 28A or 28B of the Management Act, orparagraph 32 of Schedule 18 to the Finance Act 1998;
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of Schedule 18 to the Finance Act 1998, as read with paragraph 4 of that Schedule;
- “*notice of enquiry*” means a notice under—section 9A or 12AC of the Management Act, orparagraph 24 of Schedule 18 to the Finance Act 1998;
- “*tax return*” means—a return under section 8, 8A or 12AA of the Management Act, ora company tax return.
### Meaning of “small enterprise” and “medium-sized enterprise”
##### 5D
- (1) In this Schedule—
- (a) “*small enterprise*” means a small enterprise as defined in the Annex to the Commission Recommendation,
- (b) “*medium-sized enterprise*” means an enterprise which—
- (i) falls within the category of micro, small and medium-sized enterprises as defined in that Annex, and
- (ii) is not a small enterprise as defined in that Annex,
but for these purposes that Annex has effect with the modifications set out in sub-paragraphs (3) to (6) of this paragraph.
- (2) In this paragraph—
- “*the Annex*” means the Annex to the Commission Recommendation;
- “*the Commission Recommendation*” means Commission Recommendation 2003/361/EC of 6th May 2003 (concerning the definition of micro, small and medium-sized enterprises).
- (3) Where any enterprise is in liquidation or administration, the rights of the liquidator or administrator (in that capacity) shall be left out of account when applying Article 3(3)(b) of the Annex in determining for the purposes of this Schedule whether—
- (a) that enterprise, or
- (b) any other enterprise (including that of the liquidator or administrator),
is a small or medium-sized enterprise.
- (4) Article 3 of the Annex shall have effect with the omission of paragraph 5 (declaration in good faith where control cannot be determined etc).
- (5) The first sentence of Article 4(1) of the Annex shall have effect as if the data to apply to—
- (a) the headcount of staff, and
- (b) the financial amounts,
were the data relating to the chargeable period in paragraph 5B(1) above (instead of the period described in that sentence) and calculated on an annual basis.
- (6) Article 4 of the Annex shall have effect with the omission of the following provisions—
- (a) the second sentence of paragraph 1 (data to be taken into account from date of closure of accounts);
- (b) paragraph 2 (no change of status unless ceilings exceeded for two consecutive periods);
- (c) paragraph 3 (bona fide estimate in case of newly established enterprise).
### Meaning of “qualifying territory” and “non-qualifying territory”
##### 5E
- (1) In this Schedule—
- “*non-qualifying territory*” means any territory which is not a qualifying territory;
- “*qualifying territory*” means—the United Kingdom, orany territory as respects which Condition 1 or Condition 2 below is satisfied.
- (2) Condition 1 is that—
- (a) arrangements to which section 788 applies (double taxation relief by agreement with other territories) have been made in relation to the territory;
- (b) those arrangements contain a non-discrimination provision (see sub-paragraphs (4) and (5) below); and
- (c) the territory is not designated as a non-qualifying territory for the purposes of this sub-paragraph in regulations made by the Treasury.
- (3) Condition 2 is that—
- (a) arrangements to which section 788 applies have been made in relation to the territory; and
- (b) the territory is designated as a qualifying territory for the purposes of this sub-paragraph in regulations made by the Treasury.
- (4) For the purposes of this paragraph a “*non-discrimination provision*”, in relation to any arrangement to which section 788 applies, is a provision to the effect that nationals of a state which is a party to those arrangements (a “contracting state”) are not to be subject in any other contracting state to—
- (a) any taxation, or
- (b) any requirement connected with taxation,
which is other or more burdensome than the taxation and connected requirements to which nationals of that other state in the same circumstances (in particular with respect to residence) are or may be subjected.
- (5) In this paragraph, “*national*”, in relation to a contracting state, includes—
- (a) any individual possessing the nationality or citizenship of the contracting state,
- (b) any legal person, partnership or association deriving its status as such from the laws in force in that contracting state.
- (6) A statutory instrument containing regulations under this paragraph shall not be made unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons.
### Elimination of double counting
##### 6
- (1) This paragraph applies where—
- (a) only one of the affected persons (“the advantaged person”) is a person on whom a potential advantage in relation to United Kingdom taxation is conferred by the actual provision; and
- (b) the other affected person (“the disadvantaged person”) is within the charge to income tax or corporation tax in respect of profits arising from the relevant activities.
- (2) Subject to sub-paragraphs (3) to (6) and paragraphs6C, 6D, 7 and 8 below, on the making of a claim by the disadvantaged person for the purposes of this paragraph—
- (a) the profits and losses of the disadvantaged person shall be computed for tax purposes as if the arm’s length provision had been made or imposed instead of the actual provision; and
- (b) notwithstanding any limit in the Tax Acts on the time within which any adjustment may be made, all such adjustments shall be made in his case as may be required to give effect to the assumption that the arm’s length provision was made or imposed instead of the actual provision.
- (3) A claim made by the disadvantaged person for the purposes of this paragraph—
- (a) shall not be made unless a computation has been made in the case of the advantaged person on the basis that the arm’s length provision was made or imposed instead of the actual provision; and
- (b) must be consistent with the computation made on that basis in the case of the advantaged person.
- (4) For the purposes of sub-paragraph (3) above a computation shall be taken to have been made in the case of the advantaged person on the basis that the arm’s length provision was made or imposed instead of the actual provision if, and only if—
- (a) the computations made for the purposes of any return by the advantaged person have been made on that basis by virtue of this Schedule; or
- (b) a relevant notice given to the advantaged person takes account of a determination in pursuance of this Schedule of an amount falling to be brought into account for tax purposes on that basis.
- (4A) A claim by the disadvantaged person for the purposes of this paragraph shall not be made where—
- (a) the condition in paragraph 1(1)(b) above would not be satisfied but for paragraph 4A above;
- (b) the actual provision is provision in relation to a security issued by one of the affected persons (“*the issuer*”);
- (c) a guarantee is provided in relation to the security by a person with whom the issuer has a participatory relationship.
In this sub-paragraph “*security*” and “*guarantee*” have the same meaning as in paragraph 1A above.
- (4B) For the purposes of sub-paragraph (4A) above, the cases where one person has a “*participatory relationship*” with another are those where—
- (a) one of them is directly or indirectly participating in the management, control or capital of the other; or
- (b) the same person or persons is or are directly or indirectly participating in the management, control or capital of each of them.
- (4C) Paragraph 4A above applies for the purposes of sub-paragraph (4B) above as it applies for the purposes of paragraph 1(1)(b) above.
- (5) Subject to section 111(3)(b) of the Finance Act 1998 (which provides for the extension of the period for making a claim), a claim for the purposes of this paragraph shall not be made except within one of the following periods—
- (a) in a case where a return has been made by the advantaged person on the basis mentioned in sub-paragraph (3)(a) above, the period of two years beginning with the day of the making of the return; and
- (b) in any case where a relevant notice taking account of such a determination as is mentioned in sub-paragraph (4)(b) above has been given to the advantaged person, the period of two years beginning with the day on which that notice was given.
- (6) Subject to section 111(3)(b) of the Finance Act 1998, where—
- (a) a claim for the purposes of this paragraph is made by the disadvantaged person in relation to a return made on the basis mentioned in sub-paragraph (3)(a) above, and
- (b) a relevant notice taking account of such a determination as is mentioned in sub-paragraph (4)(b) above is subsequently given to the advantaged person,
the disadvantaged person shall be entitled, within the period mentioned in sub-paragraph (5)(b) above, to make any such amendment of the claim as may be appropriate in consequence of the determination contained in that notice.
- (7) In this paragraph—
- “*relevant notice*” means—a closure notice under section 28A(1) or 28B(1) of the Management Act in relation to an enquiry into a return under section 8 or 8A of that Act or into a partnership return;a closure notice under paragraph 32 of Schedule 18 to the Finance Act 1998 in relation to an enquiry into a company tax return;a notice of an assessment under section 29 of the Management Act;a notice of any discovery assessment or discovery determination under paragraph 41 of Schedule 18 to the Finance Act 1998 (including any notice of an assessment by virtue of paragraph 52 of that Schedule);a notice under section 30B(1) of the Management Act amending a partnership return;
- “*return*” means any return required to be made under the Management Act or Schedule 18 to the Finance Act 1998 for income tax or corporation tax purposes or any voluntary amendment of such a return; and
- “*voluntary amendment*”, in relation to a return, means —an amendment under section 9ZA or 12ABA of the Management Act (amendment of personal, trustee or partnership return by taxpayer), oran amendment under Schedule 18 to the Finance Act 1998 other than one made in response to the giving of a relevant notice.
### Application of paragraph 6 in relation to transfers of trading stock etc
##### 6A
- (1) Paragraph 6(2)(a) above does not affect the credits to be brought into account by the disadvantaged person in respect of—
- (a) closing trading stock, or
- (b) closing work in progress in a trade,
for accounting periods ending on or after the last day of the relevant accounting period of the advantaged person.
- (2) For the purposes of sub-paragraph (1) above, the relevant accounting period of the advantaged person is the accounting period in which the actual provision was made or imposed.
- (3) For the purposes of this paragraph “*trading stock*”, in relation to any trade, has the same meaning as it has for the purposes of section 100 above (see subsection (2) of that section) or Chapter 12 of Part 2 of ITTOIA 2005 (see section 174 of that Act) (valuation of trading stock at discontinuance of trade).
### Compensating adjustment where advantaged person is a controlled foreign company
##### 6B
- (1) This paragraph applies in any case where—
- (a) the actual provision is provision made or imposed in relation to a controlled foreign company,
- (b) in determining for the purposes of Chapter 4 of Part 17 the amount of that company’s chargeable profits for an accounting period, its profits and losses fall to be computed in accordance with paragraph 1(2) above in the case of that provision,
- (c) the whole of those chargeable profits fall to be apportioned under section 747(3) to one or more companies resident in the United Kingdom, and
- (d) tax is chargeable by virtue of section 747(4) in respect of the whole of those chargeable profits, as so apportioned to those companies.
- (2) Where this paragraph applies, paragraph 6 above shall have effect as if the controlled foreign company were a person on whom a potential advantage in relation to United Kingdom taxation were conferred by the actual provision.
- (3) In the application of paragraph 6 above by virtue of this paragraph—
- (a) references to the advantaged person in sub-paragraphs (4)(a) and (b), (5)(a) and (b) and (6)(b) of that paragraph include a reference to any of the companies mentioned in sub-paragraph (1)(c) above, and
- (b) references to corporation tax include a reference to tax chargeable by virtue of section 747(4).
- (4) In this paragraph—
- “*controlled foreign company*” has the same meaning as in Chapter 4 of Part 17;
- “*accounting period*”, in relation to a controlled foreign company, has the same meaning as in Chapter 4 of Part 17.
### Claims under paragraph 6 where paragraph 1A applies
##### 6C
- (1) Where paragraph 1A above applies in relation to any provision, this paragraph has effect in relation to that provision.
- (2) A claim under paragraph 6(2) above may be made in accordance with this paragraph.
For the purposes of this Schedule a “paragraph 6C claim” is a claim under paragraph 6(2) above made in accordance with this paragraph.
- (3) A paragraph 6C claim may be made by—
- (a) the disadvantaged person, or
- (b) the advantaged person,
but any such claim made by the advantaged person shall be taken to be made on behalf of the disadvantaged person.
- (4) A paragraph 6C claim may be made before or after a computation falling within paragraph 6(3)(a) above has been made.
- (5) A paragraph 6C claim must be made either—
- (a) at any time before the end of the period mentioned in paragraph 6(5)(a) above, or
- (b) within the period mentioned in paragraph 6(5)(b) above,
but this is subject to section 111(3)(b) of the Finance Act 1998 (extension of period for making a claim).
- (6) A paragraph 6C claim is not a claim within paragraph 57 or 58 of Schedule 18 to the Finance Act 1998 (company tax returns, assessments and related matters).
Accordingly, paragraph 59 of that Schedule (application of Schedule 1A to the Management Act) has effect in relation to a paragraph 6C claim.
- (7) Where—
- (a) a paragraph 6C claim is made before a computation falling within paragraph 6(3)(a) above has been made,
- (b) such a computation is subsequently made, and
- (c) the claim is not consistent with the computation,
the affected persons shall be treated as if (instead of the claim actually made) a claim had been made that was consistent with the computation.
- (8) All such adjustments shall be made (whether by discharge or repayment of tax, the making of assessments or otherwise) as are required to give effect to sub-paragraph (7) above.
- (9) Sub-paragraph (8) above has effect notwithstanding any limit on the time within which any adjustment may be made.
- (10) Where—
- (a) a paragraph 6C claim is made,
- (b) a return is subsequently made by the advantaged person on the basis mentioned in paragraph 6(3)(a) above, and
- (c) a relevant notice (within the meaning of paragraph 6 above) taking account of such a determination as is mentioned in paragraph 6(4)(b) above is subsequently given to the advantaged person,
sub-paragraph (11) below applies.
- (11) Where this sub-paragraph applies, any such amendment of the paragraph 6C claim as may be appropriate in consequence of the determination contained in the relevant notice may be made by—
- (a) the disadvantaged person, or
- (b) the advantaged person,
but any such amendment made by the advantaged person shall be taken to be made on behalf of the disadvantaged person.
- (12) Any such amendment must be made within the period mentioned in paragraph 6(5)(b) above.
But that is subject to section 111(3)(b) of the Finance Act 1998 (extension of period for making amendment).
### Compensating adjustment for guarantor company etc where paragraph 1B applies
##### 6D
- (1) This paragraph applies in any case where—
- (a) a company (“the issuing company”) has liabilities under a security issued by the company,
- (b) those liabilities are to any extent the subject of a guarantee provided by a company (“the guarantor company”), and
- (c) in computing the profits and losses of the issuing company for tax purposes, the amounts to be deducted in respect of interest or other amounts payable under the security fall to be reduced (whether or not to nil) under paragraph 1(2) above by virtue of paragraph 1B above.
- (2) On the making of a claim in any such case, the guarantor company shall, to the extent of that reduction, be treated for all purposes of the Taxes Acts as if it (and not the issuing company)—
- (a) had issued the security,
- (b) owed the liabilities under it, and
- (c) had paid any interest or other amounts paid under it by the issuing company,
and in computing the profits and losses of the guarantor company for those purposes amounts shall be brought into account accordingly.
This sub-paragraph is subject to the following provisions of this paragraph.
- (3) Where the issuing company’s liabilities under the security are the subject of two or more guarantees (whether or not provided by the same person) TD must not exceed TR, where—
- TD is the total of the amounts brought into account by the guarantor companies by virtue of sub-paragraph (2) above, and
- TR is the total amount of the reductions that fall within sub-paragraph (1)(c) above.
- (4) In this paragraph “*the loan provision*” means the actual provision made or imposed between—
- (a) the issuing company, and
- (b) another company (“the lending company”),
which is provision in relation to the security.
- (5) Where—
- (a) the guarantor company makes a claim under sub-paragraph (2) above, and
- (b) the lending company makes a claim under paragraph 6 above in respect of the loan provision,
sub-paragraphs (6) and (7) below apply.
- (6) In determining, in a case where this sub-paragraph applies, the arm’s length provision for the purposes of paragraph 6(2)(a) above in relation to the lending company’s claim, additional amounts shall be brought into account as credits corresponding to the debits that fall to be brought into account by virtue of sub-paragraph (2) above in relation to the guarantor company.
- (7) If, in a case where this sub-paragraph applies,—
- (a) the lending company makes its claim under paragraph 6 above before the guarantor company makes its claim under sub-paragraph (2) above, and
- (b) the computation on which the lending company’s claim is based does not comply with sub-paragraph (6) above,
the guarantor company’s claim shall be disallowed.
- (8) A claim under sub-paragraph (2) above may be made by—
- (a) the guarantor company,
- (b) where there are two or more guarantor companies, those companies acting together, or
- (c) the issuing company,
but any claim made by the issuing company shall be taken to be made on behalf of the guarantor company or companies.
- (9) Sub-paragraphs (3) to (6) of paragraph 6 above (claims and time limits) shall apply in relation to a claim under sub-paragraph (2) above made by or on behalf of any person or persons as they apply in relation to a claim under that paragraph made by the disadvantaged person, but taking references in those sub-paragraphs—
- (a) to the advantaged person, as references to the issuing company, and
- (b) to the disadvantaged person, as references to the guarantor company or companies.
- (10) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (7) (construction of references to a guarantee);
- (b) sub-paragraph (9) (meaning of security);
- (c) sub-paragraph (10) (extended meaning of security).
- (11) In this paragraph “*the Taxes Acts*” has the meaning given in section 118(1) of the Management Act.
### Certain interest not to be regarded as chargeable under Case III of Schedule D
##### 6E
Where—
- (a) interest is paid by any person under the actual provision,
- (b) paragraph 1(2) above applies in relation to the actual provision,
- (c) the amount of interest that would have been payable under the arm’s length provision is less than the amount of interest paid under the actual provision (or there would not have been any interest payable),
- (d) the person receiving the interest makes a claim under paragraph 6 above or a paragraph 6C claim,
the interest paid under the actual provision, to the extent that it exceeds the amount of interest that would have been payable under the arm’s length provision, shall not be regarded as chargeable under Case III of Schedule D or Chapter 2 of Part 4 of ITTOIA 2005.
### Adjustment of disadvantaged person’s double taxation relief
##### 7
- (1) Subject to sub-paragraph (4) below, where—
- (a) a claim is made for the purposes of paragraph 6 above, and
- (b) the disadvantaged person is entitled, on that claim, to make a computation, or to have an adjustment made in his case, on the basis that the arm’s length provision was made or imposed instead of the actual provision,
the assumptions specified in sub-paragraph (2) below shall apply, in the disadvantaged person’s case, as respects any credit for foreign tax which the disadvantaged person has been or may be given in pursuance of any double taxation arrangements or under section 790(1).
- (2) Those assumptions are—
- (a) that the foreign tax paid or payable by the disadvantaged person does not include any amount of foreign tax which would not be or have become payable were it to be assumed for the purposes of that tax that the arm’s length provision had been made or imposed instead of the actual provision; and
- (b) that the amount of the relevant profits of the disadvantaged person in respect of which he is given credit for foreign tax does not include the amount (if any) by which his relevant profits are treated as reduced in accordance with paragraph 6 above.
- (3) Sub-paragraph (4) below applies if—
- (a) a claim is made for the purposes of paragraph 6 above;
- (b) the disadvantaged person is entitled, on that claim, to make a computation, or to have an adjustment made in his case, on the basis that the arm’s length provision was made or imposed instead of the actual provision;
- (c) the application of that basis in the computation of the disadvantaged person’s profits or losses for any chargeable period involves a reduction in the amount of any income; and
- (d) that income is also income that falls to be treated as reduced in accordance with section 811(1).
- (4) Where this sub-paragraph applies—
- (a) the reduction mentioned in sub-paragraph (3)(c) above shall be treated as made before any reduction under section 811(1); and
- (b) tax paid, in the place in which any income arises, on so much of that income as is represented by the amount of the reduction mentioned in sub-paragraph (3)(c) above shall be disregarded for the purposes of section 811(1).
- (5) Where, in a case in which a claim has been made for the purposes of paragraph 6 above, any adjustment is required to be made for the purpose of giving effect to any of the preceding provisions of this paragraph—
- (a) it may be made in any case by setting the amount of the adjustment against any relief or repayment to which the disadvantaged person is entitled in pursuance of that claim; and
- (b) nothing in the Tax Acts limiting the time within which any assessment is to be or may be made or amended shall prevent that adjustment from being so made.
- (6) References in this paragraph to relevant profits of the disadvantaged person are references to profits arising to the disadvantaged person from the carrying on of the relevant activities.
### Balancing payments between affected persons: no charge to, or relief from, tax
##### 7A
- (1) This paragraph applies where—
- (a) the circumstances are as described in paragraph 6(1) above,
- (b) one or more payments (the “balancing payments”) are made to the advantaged person by the disadvantaged person, and
- (c) the sole or main reason for making those payments is that paragraph 1(2) above applies.
- (2) To the extent that the balancing payments do not in the aggregate exceed the amount of the available compensating adjustment, those payments—
- (a) shall not be taken into account in computing profits or losses of either of the affected persons for the purposes of income tax or corporation tax, and
- (b) shall not for any of the purposes of the Corporation Tax Acts be regarded as distributions . . . .
- (3) In this paragraph “*the available compensating adjustment*” means the difference between PL1 and PL2 where—
- PL1 is the profits and losses of the disadvantaged person computed for tax purposes on the basis of the actual provision, and
- PL2 is the profits and losses of the disadvantaged person as they fall (or would fall) to be computed for tax purposes on a claim under paragraph 6 above,
### Securities: election to discharge tax liability instead of making balancing payments
##### 7B
- (1) This paragraph applies in any case where—
- (a) both of the affected persons are companies,
- (b) the circumstances are as described in paragraph 6(1) above, and
- (c) the actual provision is provision in relation to a security (the “relevant security”).
- (2) The disadvantaged person may make an election under this paragraph in respect of the relevant security if the condition in sub-paragraph (3) below is satisfied.
- (3) The condition is that—
- (a) the actual provision forms part of a capital market arrangement,
- (b) the capital market arrangement involves the issue of a capital market investment,
- (c) the securities that represent the capital market investment are issued wholly or mainly to independent persons (see sub-paragraph (9) below), and
- (d) the total value of the capital market investments made under the capital market arrangement is at least £50 million.
- (4) An election under this paragraph in respect of the relevant security is an election for the disadvantaged person—
- (a) to make no balancing payment within paragraph 7A above to the advantaged person in respect of the application of paragraph 1(2) above in relation to the relevant security in a chargeable period by virtue of paragraph 1A above, but
- (b) instead, to undertake sole responsibility for discharging the advantaged person’s liability to tax for that period so far as resulting from the application of paragraph 1(2) above in relation to the relevant security by virtue of paragraph 1A above.
- (5) Where an election under this paragraph has effect in relation to an accounting period of the advantaged person, the tax mentioned in sub-paragraph (4)(b) above—
- (a) shall be recoverable from the disadvantaged person as if it were an amount of corporation tax due and owing from that person, and
- (b) shall not be recoverable from the advantaged person.
- (6) Any election under this paragraph in respect of the relevant security—
- (a) must be made by being included (whether by amendment or otherwise) in the disadvantaged person’s company tax return for the chargeable period in which the relevant security is issued,
- (b) has effect in relation to each of the affected persons for the chargeable period in which the relevant security is issued and all subsequent chargeable periods, and
- (c) is irrevocable.
For the purposes of this sub-paragraph a security issued in a chargeable period beginning before 1st April 2004 shall be treated as if it had been issued in the chargeable period beginning on that date.
- (7) An election under this paragraph by a person is of no effect if the Board give that person a notice under this sub-paragraph refusing to accept the election.
- (8) A notice under sub-paragraph (7) above may be given only after a notice of enquiry in respect of the company tax return containing the election has been given to the disadvantaged person.
- (9) In this paragraph—
- “*capital market arrangement*” has the same meaning as in section 72B(1) of the Insolvency Act 1986 (see paragraph 1 of Schedule 2A to that Act);
- “*capital market investment*” has the same meaning as in section 72B(1) of the Insolvency Act 1986 (see paragraphs 2 and 3 of Schedule 2A to that Act);
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of Schedule 18 to the Finance Act 1998, as read with paragraph 4 of that Schedule;
- “*independent person*” means a person—who is not the disadvantaged person, andwho does not have a participatory relationship with either of the affected persons.
- (10) The following provisions of paragraph 1A above also apply for the purposes of this paragraph—
- (a) sub-paragraph (8) (meaning of participatory relationship);
- (b) sub-paragraph (9) (meaning of security);
- (c) sub-paragraph (10) (extended meaning of security).
### Balancing payments by guarantor to issuer: no charge to, or relief from, tax
##### 7C
- (1) This paragraph applies in any case where—
- (a) the circumstances are as described in paragraph 6D(1) above,
- (b) one or more payments (the “balancing payments”) are made by the guarantor company to the issuing company, and
- (c) the sole or main reasons for making those payments are that paragraph 1(2) above applies by virtue of paragraph 1B above or that paragraph 6D above applies.
- (2) To the extent that the balancing payments made by all the guarantor companies do not in the aggregate exceed the amount TR in paragraph 6D(3) above (total reductions within paragraph 6D(1)(c) above), those payments—
- (a) shall not be taken into account in computing for the purposes of corporation tax the profits or losses of the guarantor company or companies or the issuing company, and
- (b) shall not for any purpose of the Corporation Tax Acts be regarded as distributions . . . .
### Guarantees: election to discharge tax liability instead of making balancing payments
##### 7D
- (1) This paragraph applies where the following conditions are satisfied—
- (a) both of the affected persons are companies,
- (b) the circumstances are as described in paragraph 6(1) above,
- (c) the actual provision falls within paragraph 1B(1) above.
- (2) Sub-paragraphs (2) to (8) of paragraph 7B above apply in a case where this paragraph applies as they apply in a case where that paragraph applies, but with the modifications in sub-paragraphs (3) and (4) below.
- (3) The relevant security is the security in paragraph 1B(1)(a) above.
- (4) In sub-paragraph (4) (nature of the election)—
- (a) for “paragraph 7A above” substitute paragraph 7C below;
- (b) for “paragraph 1A”, in both places, substitute paragraph 1B.
### Foreign exchange gains and losses and financial instruments
##### 8
- (1) Subject to sub-paragraph (3)and sub-paragraph (4) below, this Schedule shall not require the amounts brought into account in any person’s case under—
- (a) Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) in respect of exchange gains or losses from loan relationships (as defined in section 103(1A) and (1B) of that Act), or
- (b) Schedule 26 to the Finance Act 2002 (derivative contracts) in respect of exchange gains and losses (as defined in paragraph 54 of that Schedule),
to be computed in that person’s case on the assumption that the arm’s length provision had been made or imposed instead of the actual provision.
- (3) Sub-paragraph (1) above shall not affect so much of paragraph 11A of Schedule 9 to the Finance Act 1996 (loan relationships: exchange gains or losses where loan not on arm’s length terms) as has effect by reference to whether profits or losses fall to be computed by virtue of this Schedule as if the whole or any part of a loan had not been made.
- (4) Sub-paragraph (1) above shall not affect so much of paragraph 27 of Schedule 26 to the Finance Act 2002 (derivative contracts: exchange gains or losses where derivative contract not on arm’s length terms) as has effect by reference to whether profits or losses fall to be computed by virtue of this Schedule as if a company were not party to a derivative contract or as if the terms of the contract to which it is party were different.
### Special rules for sales etc. of oil
##### 9
- (1) Subject to paragraph 10 below, this paragraph applies to provision made or imposed by or in relation to the terms of a sale of oil if—
- (a) the oil sold is oil which has been, or is to be, extracted under rights exercisable by a company (“the producer") which (although it may be the seller) is not the buyer; and
- (b) at the time of the sale not less than 20 per cent. of the producer’s ordinary share capital is owned directly or indirectly by one or more of the following, that is to say, the buyer and the companies (if any) that are linked to the buyer.
- (2) Where this paragraph applies to provision made or imposed by or in relation to the terms of a sale of oil, this Schedule shall have effect as respects that provision as if the buyer, the seller and (if it is not the seller) the producer were all controlled by the same person at the time of the making or imposition of that provision.
- (3) For the purposes of this paragraph two companies are linked if—
- (a) one is under the control of the other; or
- (b) both are under the control of the same person or persons.
- (4) For the purposes of this paragraph—
- (a) any question whether ordinary share capital is owned directly or indirectly by a company shall be determined as for section 838;
- (b) rights to extract oil shall be taken to be exercisable by a company even if they are exercisable by that company only jointly with one or more other companies; and
- (c) a sale of oil shall be deemed to take place at the time of the completion of the sale or when possession of the oil passes, whichever is the earlier.
- (5) In this paragraph “*oil*” includes any mineral oil or relative hydrocarbon, as well as natural gas.
### Transactions and deemed transactions involving oil
##### 10
This Schedule does not apply in relation to provision made or imposed by means of any transaction or deemed transaction in the case of which the price or consideration is determined in accordance with any of subsections (1) to (4) of section 493 (transactions and deemed transactions involving oil treated as made at market value).
### Special provision for companies carrying on ring fence trades
##### 11
- (1) This paragraph applies where any person (“the taxpayer") carries on as, or as part of, a trade any activities (“the ring fence trade") which, in accordance with section 492(1) above or section 16(1) of ITTOIA 2005 either—
- (a) fall to be treated for any tax purposes as a separate trade, distinct from all other activities carried on by him as part of the trade; or
- (b) would so fall if the taxpayer did carry on any other activities as part of that trade.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Subject to paragraph 10 above and sub-paragraph (4) below, this Schedule shall have effect as respects any provision made or imposed by the taxpayer as between the ring fence trade and any other activities carried on by him as if—
- (a) that trade and those activities were carried on by two different persons;
- (b) that provision were made or imposed as between those two persons by means of a transaction;
- (c) a potential advantage in relation to United Kingdom taxation were conferred by that provision on each of those two persons; and
- (d) those two persons were both controlled by the same person at the time of the making or imposition of that provision; . . .
- (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) This Schedule shall apply in accordance with this paragraph in relation to any provision mentioned in sub-paragraph . . . (3) above only where the effect of its application in relation to that provision is either—
- (a) that a larger amount (including, if there would not otherwise have been profits, an amount of more than nil) is taken for tax purposes to be the amount of the profits of the ring fence trade for any chargeable period; or
- (b) that a smaller amount (including nil) is taken for tax purposes to be the amount for any chargeable period of any losses of that trade.
### Appeals
##### 12
- (1) In so far as the question in dispute on any appeal falling within sub-paragraph (2) below—
- (a) is or involves a determination of whether this Schedule has effect as respects any provision made or imposed as between any two persons, or of how it so has effect, and
- (b) is not a question that would fall to be determined by the Special Commissioners apart from this sub-paragraph,
that question shall be determined by them.
- (2) The appeals falling within this sub-paragraph are—
- (a) any appeal under section 31 of, or Schedule 1A to, the Management Act;
- (b) any appeal under paragraph 34(3) of Schedule 18 to the Finance Act 1998 against an amendment of a company’s return; and
- (c) any appeal under paragraph 48 of that Schedule against a discovery assessment or a discovery determination.
- (3) Sub-paragraph (4) below applies where—
- (a) any such question as is mentioned in sub-paragraph (1) above falls to be determined by the Special Commissioners for the purposes of any proceedings before them; and
- (b) that question relates to any provision made or imposed as between two persons each of whom is within the charge to income tax or corporation tax in respect of profits arising from the relevant activities.
- (4) Where this sub-paragraph applies—
- (a) each of the persons as between whom the actual provision was made or imposed shall be entitled to appear and be heard by the Special Commissioners, or to make representations to them in writing;
- (b) the Special Commissioners shall determine that question separately from any other questions in those proceedings; and
- (c) their determination on that question shall have effect as if made in an appeal to which each of those persons was a party.
- (5) In this paragraph—
- “*discovery assessment*” means a discovery assessment under paragraph 41 of Schedule 18 to the Finance Act 1998 (including one by virtue of paragraph 52 of that Schedule); and
- “*discovery determination*” means a discovery determination under paragraph 41 of that Schedule.
### Saving for the provisions relating to capital allowances and capital gains
##### 13
- (1) Nothing in this Schedule shall be construed as affecting—
- (a) the computation of the amount of any capital allowance or balancing charge made under the Capital Allowances Act; or
- (b) the computation in accordance with the 1992 Act of the amount of any chargeable gain or allowable loss;
and nothing in this Schedule shall require the profits or losses of any person to be computed for tax purposes as if, in his case, instead of income or losses falling to be brought into account in connection with the taxation of income, there were gains or losses falling to be brought into account in accordance with the 1992 Act.
- (2) Nothing in sub-paragraph (1) above applies to paragraph 6 above.
### General interpretation etc.
##### 14
- (1) In this Schedule—
- “*the actual provision*” and “*the affected persons*” shall be construed in accordance with paragraph 1(1) above;
- “*the arm*”s length provision’ shall be construed in accordance with paragraph 1(2) and (3) above;
- “*double taxation arrangements*” means arrangements having effect by virtue of section 788;
- “*foreign tax*” means any tax under the law of a territory outside the United Kingdom or any amount which falls for the purposes of any double taxation arrangements to be treated as if it were such tax;
- “*insurance company*” has the same meaning as in Chapter I of Part XII;
- “*losses*” includes amounts which are not losses but in respect of which relief may be given in accordance with any of the following enactments—section 75(9) (excess of management expenses);section 468L(5) (allowance for interest distributions of a unit trust);Part X (loss relief and group relief);section 83 of and Schedule 8 to the Finance Act 1996 or paragraph 4 of Schedule 11 to that Act (deficits on loan relationships);
- “*medium-sized enterprise*” shall be construed in accordance with paragraph 5D above;
- “*non-qualifying territory*” has the meaning given by paragraph 5E above;
- “*paragraph 6C claim*” has the meaning given by paragraph 6C(2) above;
- “*profits*” includes income;
- “*qualifying territory*” has the meaning given by paragraph 5E above;
- “*the relevant activities*”, in relation to a person who is one of the persons as between whom any provision is made or imposed, means such of his activities as—comprise the activities in the course of which, or with respect to which, that provision is made or imposed; andare not activities carried on either separately from those activities or for the purposes of a different part of that person’s business;
- “*small enterprise*” shall be construed in accordance with paragraph 5D above;
- “*transaction*” and “*series of transactions*” shall be construed in accordance with paragraph 3 above.
- (2) Without prejudice to paragraphs 9(2) and 11(3) above, references in this Schedule to a person controlling a body corporate or a partnership shall be construed in accordance with section 840.
- (3) In determining for the purposes of this Schedule whether a person has an entitlement, in pursuance of any double taxation arrangements or under section 790(1), to be given credit for foreign tax, any requirement that a claim is made before such a credit is given shall be disregarded.
- (4) Any adjustments required to be made by virtue of this Schedule may be made by way of discharge or repayment of tax, by the modification of any assessment or otherwise.
- (5) This Schedule shall have effect as if—
- (a) a unit trust scheme were a company that is a body corporate;
- (b) the rights of the unit holders under such a scheme were shares in the company that the scheme is deemed to be;
- (c) rights and powers of a person in the capacity of a person entitled to act for the purposes of the scheme were rights and powers of the scheme; and
- (d) provision made or imposed as between any person in such a capacity and another person were made or imposed as between the scheme and that other person.
## SCHEDULE 28AB
### Introductory
##### 1
- (1) A scheme or arrangement, other than a scheme or arrangement falling within sub-paragraph (3), is a prescribed scheme or arrangement if one or more of paragraphs 2 to 6 apply to it.
- (2) A scheme or arrangement falling within sub-paragraph (3) is a prescribed scheme or arrangement if one or more of paragraphs 2 to 6 would, on the assumption in sub-paragraph (4), apply to it.
- (3) A scheme or arrangement falls within this sub-paragraph if its main purpose, or one of its main purposes, is to cause an amount of underlying tax allowable in respect of a dividend paid by a body corporate resident in a territory outside the United Kingdom to be taken into account in the case of a person.
- (4) The assumption is that the body corporate is resident in the United Kingdom.
- (5) Nothing in sub-paragraph (4) requires it to be assumed that there is any change in the place or places at which the body corporate carries on its activities.
### Attribution of foreign tax
##### 2
This paragraph applies to a scheme or arrangement if the scheme or arrangement enables a person who is party to, or concerned in, the scheme or arrangement to pay, in respect of a source of income or chargeable gain, an amount of foreign tax all or part of which is properly attributable to another source of income or chargeable gain (or to more than one such other source).
### Effect of paying foreign tax
##### 3
- (1) This paragraph applies to a scheme or arrangement if, under the scheme or arrangement, sub-paragraph (2) is satisfied in relation to a person who has claimed, or is in a position to claim, for a chargeable period an allowance under any arrangements by way of credit for foreign tax (“*the claimant*”).
- (2) This sub-paragraph is satisfied if—
- (a) an amount of foreign tax is paid by the claimant, and
- (b) at the time when the claimant entered into the scheme or arrangement, it could reasonably be expected that the effect of the payment of that amount of foreign tax on the foreign tax total would be to increase it by less than the amount allowable to the claimant as a credit in respect of the payment of that amount of foreign tax.
- (3) The foreign tax total is the amount found by—
- (a) aggregating the amounts of foreign tax paid or payable in respect of the transaction or transactions forming part of the scheme or arrangement by persons party to, or concerned in, the scheme or arrangement, and
- (b) taking into account any reliefs, deductions, reductions or allowances against or in respect of any tax that arise to the persons party to, or concerned in, the scheme or arrangement (including any reliefs, deductions, reductions or allowances arising to any one or more of those persons as a consequence of the payment by the claimant of that amount of foreign tax).
### Effect of claim, election or other arrangement
##### 4
- (1) This paragraph applies to a scheme or arrangement if under the scheme or arrangement—
- (a) a step is taken by a person who is party to, or concerned in, the scheme or arrangement, or
- (b) a step that could have been taken by such a person is not taken,
and that action or that failure to act has the effect of increasing a claim made by a person who is party to, or concerned in, the scheme or arrangement for an allowance by way of credit in accordance with this Part or of giving rise to such a claim.
- (2) The steps mentioned in sub-paragraph (1) are steps that may be made—
- (a) under the law of any territory, or
- (b) under arrangements made in relation to any territory.
- (3) The steps mentioned in sub-paragraph (1) include—
- (a) claiming, or otherwise securing the benefit of, reliefs, deductions, reductions or allowances;
- (b) making elections for tax purposes.
### Effect attributable to scheme or arrangement
##### 5
- (1) This paragraph applies to a scheme or arrangement if, under the scheme or arrangement, sub-paragraph (2) is satisfied in relation to a person who has claimed, or is in a position to claim, for a chargeable period an allowance under any arrangements by way of credit for foreign tax.
- (2) This sub-paragraph is satisfied if amount A is less than amount B.
- (3) Amount A is the amount of United Kingdom taxes payable by the person in respect of income and chargeable gains arising in the chargeable period.
- (4) Amount B is the amount of United Kingdom taxes that would be payable by the person in respect of income and chargeable gains arising in the chargeable period if, in determining that amount, the transactions forming part of the scheme or arrangement were disregarded.
### Tax deductible payments
##### 6
- (1) This paragraph applies to a scheme or arrangement if the scheme or arrangement includes—
- (a) the making by a person (“A”) of a relevant payment or payments, and
- (b) the giving, in respect of that payment or payments, of consideration that satisfies the requirements of sub-paragraph (3).
- (2) A payment made by A is a relevant payment if all or part of it may be brought into account in computing A's income for the purposes of United Kingdom taxes.
- (3) Consideration given in respect of a payment or payments made by A satisfies the requirements of this sub-paragraph if—
- (a) all or part of it consists of a payment or payments made to A or a person connected with A, and
- (b) tax is chargeable in respect of the payment or payments under the law of a territory outside the United Kingdom.
- (4) In this paragraph references to a payment include references to a transfer of money's worth.
- (5) Section 839 applies for the purposes of this paragraph.
## SCHEDULE 28B
### Introductory
##### 1
- (1) This Schedule applies, where any shares in or securities of any company (“the relevant company”) are at any time held by another company (“the trust company”), for determining whether and to what extent those shares or securities (“the relevant holding”) are, for the purposes of section 842AA, to be regarded as at that time comprised in the trust company’s qualifying holdings.
- (2) The relevant holding shall be regarded as comprised in the trust company’s qualifying holdings at any time if—
- (a) all the requirements of the following provisions of this Schedule are satisfied at that time in relation to the relevant company and the relevant holding; and
- (b) the relevant holding consists of shares or securities which were first issued by the relevant company to the trust company and have been held by the trust company ever since.
- (3) Subject to paragraph 6(3) below, where the requirements of paragraph 6 or 7 below would be satisfied as to only part of the money raised by the issue of the relevant holding and that holding is not otherwise capable of being treated as comprising separate holdings, this Schedule shall have effect in relation to that holding as if it were two holdings consisting of—
- (a) a holding from which that part of the money was raised; and
- (b) a holding from which the remainder was raised;
and section 842AA shall have effect as if the value of the holding were to be apportioned accordingly between the two holdings which are deemed to exist in pursuance of this sub-paragraph.
### Requirement that company must be unquoted company
##### 2
- (1) The requirement of this paragraph is that the relevant company (whether or not it is resident in the United Kingdom) must be an unquoted company.
- (2) In this paragraph “*unquoted company*” means a company none of whose shares, stocks, debentures or other securities is marketed to the general public.
- (3) For the purposes of this paragraph shares, stocks, debentures or other securities are marketed to the general public if they are—
- (a) listed on a recognised stock exchange,
- (b) listed on a designated exchange in a country outside the United Kingdom, or
- (c) dealt in on the Unlisted Securities Market or dealt in outside the United Kingdom by such means as may be designated.
- (4) In sub-paragraph (3) above “*designated*” means designated by an order made by the Board for the purposes of that sub-paragraph; and an order made for the purposes of paragraph (b) of that sub-paragraph may designate an exchange by name, or by reference to any class or description of exchanges, including a class or description framed by reference to any authority or approval given in a country outside the United Kingdom.
- (5) Section 828(1) does not apply to an order made for the purposes of sub-paragraph (3) above.
- (6) Where a company any shares in or securities of which are included in the qualifying holdings of the trust company ceases at any time while the trust company is approved as a venture capital trust to be an unquoted company, the requirements of this paragraph shall be deemed, in relation to shares or securities acquired by the trust company before that time, to continue to be satisfied for a period of five years after that time.
### Requirements as to company’s business
##### 3
- (1) The requirements of this paragraph are as follows.
- (2) The relevant company must be one of the following, that is to say—
- (a) a company which exists wholly for the purpose of carrying on one or more qualifying trades or which so exists apart from purposes capable of having no significant effect (other than in relation to incidental matters) on the extent of the company’s activities; or
- (aa) the parent company of a trading group.
- (3) Subject to sub-paragraph (4) below, when the relevant holding was issued and at all times since, a qualifying company (whether or not the same such company at every such time) must have been either—
- (a) carrying on a qualifying trade wholly or mainly in the United Kingdom; or
- (b) preparing to carry on a qualifying trade which at the time when the relevant holding was issued was intended to be carried on wholly or mainly in the United Kingdom by a qualifying company,
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) The requirements of sub-paragraph (3) above shall not be capable of being satisfied by virtue of paragraph (b) of that sub-paragraph at any time after the end of the period of two years beginning with the issue of the relevant holding unless—
- (a) the intended trade was begun to be carried on by a qualifying company before the end of that period, and
- (b) at all times since the end of that period, a qualifying company (whether or not the same such company at every such time) has been carrying on a qualifying trade wholly or mainly in the United Kingdom.
- (5) The requirements of that sub-paragraph shall also be incapable of being so satisfied at any time after the abandonment, within the period mentioned in sub-paragraph (4) above, of the intention in question.
- (5A) In sub-paragraphs (3) and (4) above, “*qualifying company*” means the relevant company or any relevant qualifying subsidiary of that company.
- (5B) In determining for the purposes of sub-paragraph (4)(a) above when the intended trade was begun to be carried on by a qualifying company which is a relevant qualifying subsidiary of the relevant company there shall be disregarded any carrying on of the trade by it before it became such a subsidiary of the relevant company.
- (6) For the purposes of this paragraph a company is the parent company of a trading group if—
- (a) it has one or more subsidiaries;
- (b) each of its subsidiaries is a qualifying subsidiary of the company; and
- (c) the requirements of sub-paragraph (7) below are fulfilled by what would be the business of the company and its qualifying subsidiaries if all the activities, taken together, of the company and its qualifying subsidiaries were regarded as one business.
- (7) A business fulfils the requirements of this sub-paragraph if neither the business nor a substantial part of it consists in, or in either of, the following, that is to say—
- (a) activities falling within paragraph 4(2)(a) to (f) below but not within sub-paragraph (8) below; and
- (b) activities carried on otherwise than in the course of a trade.
- (8) The activities falling within this sub-paragraph are—
- (a) the receiving of royalties or licence fees in circumstances where the requirement mentioned in paragraph 4(5) below is satisfied in relation to the company receiving them;
- (b) the letting of ships, other than offshore installations or pleasure craft, on charter in circumstances where the requirements mentioned in paragraphs (a) to (d) of paragraph 4(7) below are satisfied in relation to the company so letting them.
- (9) Activities of a company or of any of its qualifying subsidiaries shall be disregarded for the purposes of sub-paragraphs (6) to (8) above to the extent that they consist in—
- (a) the holding of shares in or securities of, or the making of loans to, one or more of the company’s qualifying subsidiaries; or
- (b) the holding and managing of property used by the company or any of its qualifying subsidiaries for the purposes of—
- (i) research and development from which it is intended that a qualifying trade to be carried on by the company or any of its qualifying subsidiaries will be derived; or
- (ii) one or more qualifying trades so carried on.
- (10) Activities of a qualifying subsidiary of a company shall also be disregarded for the purposes of sub-paragraphs (6) to (8) above to the extent that they consist in—
- (a) the making of loans to the company; or
- (b) in the case of a mainly trading subsidiary, activities carried on in pursuance of its insignificant purposes (within the meaning given by sub-paragraph (11) below).
- (11) In sub-paragraph (10) above “*mainly trading subsidiary*” means a qualifying subsidiary which, apart from purposes (“*its insignificant purposes*”) which are capable of having no significant effect (other than in relation to incidental matters) on the extent of its activities, exists wholly for the purpose of carrying on one or more qualifying trades.
### Meaning of “qualifying trade”
##### 4
- (1) For the purposes of this Schedule—
- (a) a trade is a qualifying trade if it is a trade complying with this paragraph; and
- (b) the carrying on of any activities of research and development from which it is intended that there will be derived a trade that—
- (i) will comply with this paragraph, and
- (ii) will be carried on wholly or mainly in the United Kingdom,
shall be treated as the carrying on of a qualifying trade.
- (2) Subject to sub-paragraphs (3) to (9) below, a trade complies with this paragraph if neither that trade nor a substantial part of it consists in one or more of the following activities, that is to say—
- (a) dealing in land, in commodities or futures or in shares, securities or other financial instruments;
- (b) dealing in goods otherwise than in the course of an ordinary trade of wholesale or retail distribution;
- (c) banking, insurance, money-lending, debt-factoring, hire-purchase financing or other financial activities;
- (d) leasing (including letting ships on charter or other assets on hire) or receiving royalties or licence fees;
- (e) providing legal or accountancy services;
- (ea) property development;
- (eb) farming or market gardening;
- (ec) holding, managing or occupying woodlands, any other forestry activities or timber production;
- (ed) operating or managing hotels or comparable establishments, or managing property used as an hotel or comparable establishment;
- (ee) operating or managing nursing homes or residential care homes, or managing property used as a nursing home or residential care home;
- (f) providing services or facilities for any such trade carried on by another person (not being a company of which the company providing the services or facilities is a subsidiary) as—
- (i) consists, to a substantial extent, in activities within any of paragraphs (a) to (ee) above; and
- (ii) is a trade in which a controlling interest is held by a person who also has a controlling interest in the trade carried on by the company providing the services or facilities.
- (3) For the purposes of sub-paragraph (2)(b) above—
- (a) a trade of wholesale distribution is one in which the goods are offered for sale and sold to persons for resale by them, or for processing and resale by them, to members of the general public for their use or consumption;
- (b) a trade of retail distribution is one in which the goods are offered for sale and sold to members of the general public for their use or consumption; and
- (c) a trade is not an ordinary trade of wholesale or retail distribution if—
- (i) it consists, to a substantial extent, in dealing in goods of a kind which are collected or held as an investment, or in that activity and any other activity of a kind falling within sub-paragraph (2)(a) to (f) above, taken together; and
- (ii) a substantial proportion of those goods are held by the company for a period which is significantly longer than the period for which a vendor would reasonably be expected to hold them while endeavouring to dispose of them at their market value.
- (3A) For the purposes of this Schedule the activities of a person shall not be taken to fall within paragraph (ed) or (ee) of sub-paragraph (2) above except where that person has an estate or interest in, or is in occupation of, the hotels or comparable establishments or, as the case may be, the nursing homes or residential care homes.
- (4) In determining for the purposes of this paragraph whether a trade carried on by any person is an ordinary trade of wholesale or retail distribution, regard shall be had to the extent to which it has the following features, that is to say—
- (a) the goods are bought by that person in quantities larger than those in which he sells them;
- (b) the goods are bought and sold by that person in different markets;
- (c) that person employs staff and incurs expenses in the trade in addition to the cost of the goods and, in the case of a trade carried on by a company, to any remuneration paid to any person connected with it;
- (d) there are purchases or sales from or to persons who are connected with that person;
- (e) purchases are matched with forward sales or vice versa;
- (f) the goods are held by that person for longer than is normal for goods of the kind in question;
- (g) the trade is carried on otherwise than at a place or places commonly used for wholesale or retail trade;
- (h) that person does not take physical possession of the goods;
and for the purposes of this sub-paragraph the features specified in paragraphs (a) to (c) above shall be regarded as indications that the trade is such an ordinary trade and those in paragraphs (d) to (h) above shall be regarded as indications of the contrary.
- (5) A trade shall not be treated as failing to comply with this paragraph by reason only that it consists to a substantial extent in the receiving of royalties or licence fees if the royalties and licence fees (or all but for a part that is not a substantial part in terms of value) are attributable to the exploitation of relevant intangible assets.
- (6) For this purpose an intangible asset is a “*relevant intangible asset*” if the whole or greater part (in terms of value) of it has been created—
- (a) by the company carrying on the trade, or
- (b) by a company which at all times during which it created the intangible asset was—
- (i) the parent company of the company carrying on the trade, or
- (ii) a qualifying subsidiary of that parent company.
- (6A) In the case of a relevant asset that is intellectual property, references in sub-paragraph (6) above to the creation of the asset by a company are to its creation in circumstances in which the right to exploit it vests in the company (whether alone or jointly with others).
- (6B) For the purposes of sub-paragraphs (5) to (6A) above “*intangible asset*” means any asset which falls to be treated as an intangible asset in accordance with generally accepted accounting practice.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6C) For the purposes of sub-paragraph (6) above
- (a) “*parent company*” means a company that—
- (i) has one or more 51% subsidiaries, but
- (ii) is not itself a 51% subsidiary of another company; and
- (b) paragraph 10 below (meaning of “*qualifying subsidiary*”) shall apply as if the references in that paragraph to the relevant company were references to the parent company referred to in sub-paragraph (6)(b) above.
- (6D) For the purposes of sub-paragraph (6A) above “*intellectual property*” means—
- (a) any patent, trade mark, registered design, copyright, design right, performer’s right or plant breeder’s right; and
- (b) any rights under the law of a country or territory outside the United Kingdom which correspond or are similar to those falling within paragraph (a) above.
- (7) A trade shall not be treated as failing to comply with this paragraph by reason only of its consisting in letting ships, other than offshore installations or pleasure craft, on charter if—
- (a) every ship let on charter by the company carrying on the trade is beneficially owned by the company;
- (b) every ship beneficially owned by the company is registered in the United Kingdom;
- (c) the company is solely responsible for arranging the marketing of the services of its ships; and
- (d) the conditions mentioned in sub-paragraph (8) below are satisfied in relation to every letting of a ship on charter by the company;
but where any of the requirements mentioned in paragraphs (a) to (d) above are not satisfied in relation to any lettings, the trade shall not thereby be treated as failing to comply with this paragraph if those lettings and any other activity of a kind falling within sub-paragraph (2)(a) to (f) above do not, when taken together, amount to a substantial part of the trade.
- (8) The conditions are that—
- (a) the letting is for a period not exceeding 12 months and no provision is made at any time (whether in the charterparty or otherwise) for extending it beyond that period otherwise than at the option of the charterer;
- (b) during the period of the letting there is no provision in force (whether by virtue of being contained in the charterparty or otherwise) for the grant of a new letting to end, otherwise than at the option of the charterer, more than 12 months after that provision is made;
- (c) the letting is by way of a bargain made at arm’s length between the company and a person who is not connected with it;
- (d) under the terms of the charter the company is responsible as principal—
- (i) for taking, throughout the period of the charter, management decisions in relation to the ship, other than those of a kind generally regarded by persons engaged in trade of the kind in question as matters of husbandry; and
- (ii) for defraying all expenses in connection with the ship throughout that period, or substantially all such expenses, other than those directly incidental to a particular voyage or to the employment of the ship during that period;
and
- (e) no arrangements exist by virtue of which a person other than the company may be appointed to be responsible for the matters mentioned in paragraph (d) above on behalf of the company;
but this sub-paragraph shall have effect, in relation to any letting between one company and another where one of those companies is the relevant company and the other is a qualifying subsidiary of that company, or where both companies are qualifying subsidiaries of the relevant company, as if paragraph (c) were omitted.
- (9) A trade shall not comply with this paragraph unless it is conducted on a commercial basis and with a view to the realisation of profits.
### Provisions supplemental to paragraph 4
##### 5
- (1) In paragraph 4 above—
- “*film*” means an original master negative of a film, an original master film disc or an original master film tape;
- “*nursing home*” means any establishment which exists wholly or mainly for the provision of nursing care for persons suffering from sickness, injury or infirmity or for women who are pregnant or have given birth to children;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*pleasure craft*” means any ship of a kind primarily used for sport or recreation;
- “*property development*” means the development of land—by a company which has, or at any time has had, an interest in the land, andwith the sole or main object of realising a gain from the disposal of an interest in the land when it is developed;
- “*research and development*” has the meaning given by section 837A;
- “*residential care home*” means any establishment which exists wholly or mainly for the provision of residential accommodation, together with board and personal care, for persons in need of personal care by reason of old age, mental or physical disabilities, past or present dependence on alcohol or drugs or any past illnesses or past or present mental disorders; and
- “*sound recording*”, in relation to a film, means its sound track, original master audio disc or original master audio tape.
- (2) For the purposes of paragraph 4 above, in the case of a trade carried on by a company, a person has a controlling interest in that trade if—
- (a) he controls the company;
- (b) the company is a close company and he or an associate of his, being a director of the company, either—
- (i) is the beneficial owner of more than 30 per cent. of the ordinary share capital of the company, or
- (ii) is able, directly or through the medium of other companies or by any other indirect means, to control more than 30 per cent. of that share capital;
or
- (c) not less than half of the trade could, in accordance with section 344(2), be regarded as belonging to him for the purposes of section 343;
and, in any other case, a person has a controlling interest in a trade if he is entitled to not less than half of the assets used for, or of the income arising from, the trade.
- (3) For the purposes of sub-paragraph (2) above there shall be attributed to any person any rights or powers of any other person who is an associate of his.
- (4) References in paragraph 4 above or this paragraph to a trade, except the references in paragraph 4(2)(f) to the trade for which services or facilities are provided, shall be construed without reference to so much of the definition of trade in section 832(1) as relates to adventures or concerns in the nature of trade; and those references in paragraph 4(2)(f) above to a trade shall have effect, in relation to cases in which what is carried on is carried on by a person other than a company, as including references to any business, profession or vocation.
- (5) In this paragraph—
- “*associate*” has the meaning given in subsections (3) and (4) of section 417, except that in those subsections, as applied for the purposes of this paragraph, “*relative*” shall not include a brother or sister; and
- “*director*” shall be construed in accordance with subsection (5) of that section;
- “*interest in land*” means (subject to sub-paragraph (6) below)—any estate, interest or right in or over land, including any right affecting the use or disposition of land; orany right to obtain such an estate, interest or right from another which is conditional on the other’s ability to grant the estate, interest or right.
- (6) References in paragraph 4 above, in relation to an hotel, to a comparable establishment are references to a guest house, hostel or other establishment the main purpose of maintaining which is the provision of facilities for overnight accommodation (whether with or without catering services).
- (7) References in this paragraph to an interest in land do not include references to—
- (a) the interest of a creditor (other than a creditor in respect of a rentcharge) whose debt is secured by way of mortgage, an agreement for a mortgage or a charge of any kind over land; or
- (b) in the case of land in Scotland, the interest of a creditor in a charge or security of any kind over land.
### Meaning of “relevant qualifying subsidiary”
##### 5A
- (1) For the purposes of this Schedule, a company (“the subsidiary”) is a relevant qualifying subsidiary of the relevant company at any time when it falls within sub-paragraph (2) below.
- (2) The subsidiary falls within this sub-paragraph if—
- (a) the relevant company possesses not less than 90 per cent. of the issued share capital of, and not less than 90 per cent. of the voting power in, the subsidiary;
- (b) the relevant company would—
- (i) in the event of a winding up of the subsidiary, or
- (ii) in any other circumstances,
be beneficially entitled to receive not less than 90 per cent. of the assets of the subsidiary which would then be available for distribution to the equity holders of the subsidiary;
- (c) the relevant company is beneficially entitled to not less than 90 per cent. of any profits of the subsidiary which are available for distribution to the equity holders of the subsidiary;
- (d) no person other than the relevant company has control of the subsidiary within the meaning of section 840; and
- (e) no arrangements are in existence by virtue of which any of the conditions in paragraphs (a) to (d) above would cease to be met.
- (3) Sub-paragraphs (4) to (4C) and (5) of paragraph 10 below apply in relation to sub-paragraph (2) of this paragraph as they apply in relation to sub-paragraph (3) of that paragraph, but with the following modification.
- (4) That modification is that sub-paragraph (5) of that paragraph is to be read as if the words “or (as the case may be) by another subsidiary of that company” were omitted.
- (5) For the purposes of this paragraph—
- (a) the persons who are equity holders of the subsidiary, and
- (b) the percentage of the assets of the subsidiary to which an equity holder would be entitled,
shall be determined in accordance with paragraphs 1 and 3 of Schedule 18.
- (6) But in making that determination—
- (a) references in paragraph 3 of that Schedule to the first company are to be read as references to an equity holder, and
- (b) references in that paragraph to a winding up are to be read as including references to any other circumstances in which assets of the subsidiary are available for distribution to its equity holders.
### Requirements as to the money raised by the investment in question
##### 6
- (1) The requirements of this paragraph are that either—
- (a) at least 80% of the money raised by the issue of the relevant holding must—
- (i) have been employed wholly for the purposes of the trade by reference to which the requirements of paragraph 3(3) above are satisfied; or
- (ii) be money which is intended to be employed wholly for the purposes of that trade; or
- (b) all of the money so raised must have been employed as mentioned in paragraph (a)(i) above.
- (2) For the purposes of this Schedule—
- (a) the requirements of sub-paragraph (1) above shall not be capable of being satisfied by virtue of paragraph (a)(ii) of that sub-paragraph at any time after 12 months have expired from the trading time, and
- (b) the requirements of that sub-paragraph shall not be capable of being satisfied by virtue of paragraph (a)(i) of that sub-paragraph at any time after 24 months have expired from the trading time.
- (2AA) In sub-paragraph (2) above, “*the trading time*” means whichever is applicable of the following—
- (a) in a case where the requirements of sub-paragraph (3) of paragraph 3 above were satisfied in relation to the time when the relevant holding was issued by virtue of paragraph (a) of that sub-paragraph, that time; and
- (b) in a case where they were satisfied in relation to that time by virtue of paragraph (b) of that sub-paragraph, the time when the condition in paragraph 3(4)(a) above was satisfied.
- (2AB) The requirements of this paragraph are not satisfied if either of the following, namely—
- (a) the trade by reference to which the requirements of paragraph 3(3) above are satisfied, and
- (b) any preparations for that trade falling within paragraph 3(3)(b) above,
are carried on, at any time after the issue of the relevant holding, by a person other than the relevant company or a relevant qualifying subsidiary of that company.
- (2AC) Sub-paragraph (2AD) below applies where preparations mentioned in sub-paragraph (2AB)(b) above are carried on by the relevant company or a relevant qualifying subsidiary of that company at any time after the issue of the relevant holding.
- (2AD) Where this sub-paragraph applies, the requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied by reason only of the carrying on of the trade mentioned in sub-paragraph (2AB)(a) above by a person other than—
- (a) the relevant company, or
- (b) a qualifying subsidiary of that company,
at any time after the issue of the relevant holding but before the relevant company or any relevant qualifying subsidiary of that company carries on that trade.
- (2AE) The requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied by reason only of the carrying on of the trade mentioned in sub-paragraph (2AB)(a) above—
- (a) by the partners in a partnership of which the relevant company, or a relevant qualifying subsidiary of that company, is a member, or
- (b) by the parties to a joint venture to which the relevant company, or a relevant qualifying subsidiary of that company, is a party.
- (2AF) The requirements of this paragraph are not to be regarded, by virtue of sub-paragraph (2AB) above, as failing to be satisfied if—
- (a) by reason only of anything done as a consequence of the relevant company or any other company being in administration or receivership, or
- (b) by reason only of the relevant company or any other company being wound up or dissolved without winding up,
the trade mentioned in sub-paragraph (2AB)(a) above ceases to be carried on by the relevant company or a relevant qualifying subsidiary of that company and is subsequently carried on by a person who has not been connected, at any time after the date which is one year before the issue of the relevant holding, with the relevant company.
- (2AG) Sub-paragraph (2AF) above applies only if (as the case may be)—
- (a) the entry into administration or receivership and everything done as a consequence of the company concerned being in administration or receivership, or
- (b) the winding up or dissolution,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which or one of the main purposes of which is the avoidance of tax.
- (2AH) Sub-paragraph (2) of paragraph 11A below applies for the purposes of sub-paragraphs (2AF) and (2AG) above as it applies for the purpose of that paragraph.
- (3) For the purposes of this paragraph money shall not be treated as employed otherwise than wholly for the purposes of a trade if the only amount employed for other purposes is an amount which is not a significant amount; and nothing in paragraph 1(3) above shall require any money whose use is disregarded by virtue of this sub-paragraph to be treated as raised by a different holding.
- (4) References in this paragraph to employing money for the purposes of a trade shall include references to employing it for the purpose of preparing for the carrying on of the trade.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Requirement imposing a maximum on qualifying investments in the relevant company
##### 7
- (1) The requirement of this paragraph is that the relevant holding did not, when it was issued, represent an investment in excess of the maximum qualifying investment for the relevant period.
- (2) Subject to sub-paragraph (4) below, the maximum qualifying investment for any period is exceeded to the extent that the aggregate amount of money raised in that period by the issue to the trust company during that period of shares in or securities of the relevant company exceeds £1 million.
- (3) Any question for the purposes of this paragraph as to whether any shares in or securities of the relevant company which are for the time being held by the trust company represent an investment in excess of the maximum qualifying investment for any period shall be determined on the assumption, in relation to disposals by the trust company, that, as between shares or securities of the same description, those representing the whole or any part of the excess are disposed of before those which do not.
- (4) Where—
- (a) at the time of the issue of the relevant holding the relevant company or any of its qualifying subsidiaries was a member of a partnership or a party to a joint venture,
- (b) the trade by virtue of which the requirements of paragraph 3(3) above are satisfied was at that time being carried on, or to be carried on, by those partners in partnership or by the parties to the joint venture as such, and
- (c) the other partners or parties to the joint venture include at least one other company,
this paragraph shall have effect in relation to the relevant company as if the sum of money for the time being specified in sub-paragraph (2) above were to be divided by the number of companies (including the relevant company) which, at the time when the relevant holding was issued, were members of the partnership or, as the case may be, parties to the joint venture.
- (5) For the purposes of this paragraph the relevant period is the period beginning with whichever is the earlier of—
- (a) the time six months before the issue of the relevant holding; and
- (b) the beginning of the year of assessment in which the issue of that holding took place.
### Requirement as to the assets of the relevant company
##### 8
- (1) The requirement of this paragraph is that the value of the relevant assets—
- (a) did not exceed £15 million immediately before the issue of the relevant holding; and
- (b) did not exceed £16 million immediately afterwards.
- (2) Subject to sub-paragraph (3) below, the reference in sub-paragraph (1) above to the value of the relevant assets is a reference—
- (a) in relation to a time when the relevant company did not have any qualifying subsidiaries, to the value of the gross assets of that company at that time; and
- (b) in relation to any other time, to the aggregate value at that time of the gross assets of all the companies in the relevant company’s group.
- (3) For the purposes of this paragraph assets of any member of the relevant company’s group that consist in rights against, or in shares in or securities of, another member of the group shall be disregarded.
- (4) In this paragraph references, in relation to any time, to the relevant company’s group are references to the relevant company and its qualifying subsidiaries at that time.
### Requirements as to the subsidiaries etc. of the relevant company
##### 9
- (1) The requirements of this paragraph are that . . . the relevant company must not be—
- (a) a company which controls (whether on its own or together with any person connected with it) any company that is not a qualifying subsidiary of the relevant company; or
- (b) a company which is under the control of another company (or of another company and a person connected with the other company);
and arrangements must not be in existence by virtue of which the relevant company could fall within paragraph (a) or (b) above.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Meaning of “qualifying subsidiary”
##### 10
- (1) Subject to the following provisions of this paragraph, a company is a qualifying subsidiary of the relevant company for the purposes of this Schedule if—
- (a) the company in question (“the subsidiary”), and
- (b) where the relevant company has more than one subsidiary, every other subsidiary of the relevant company,
is a company falling within sub-paragraph (3) below.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) The subsidiary falls within this sub-paragraph if—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (ca) the subsidiary is a 51 per cent. subsidiary of the relevant company;
- (d) no person other than the relevant company or another of its subsidiaries has control of the subsidiary within the meaning of section 840; and
- (e) no arrangements are in existence by virtue of which either of the conditions in paragraphs (ca) and (d) above would cease to be met.
- (4) The subsidiary shall not be regarded, at a time when it or any other company is being wound up, as having ceased on that account to be a company falling within sub-paragraph (3) above if . . . —
- (a) . . . it would fall within that sub-paragraph apart from the winding up; and
- (b) . . . the winding up is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
- (4A) Sub-paragraph (4B) below applies at a time when the subsidiary or any other company is in administration or receivership.
- (4B) The subsidiary shall not be regarded, by reason only of anything done as a consequence of the company concerned being in administration or receivership, as having ceased to be a company falling within sub-paragraph (3) above if—
- (a) the entry into administration or receivership, and
- (b) everything done as a consequence of the company concerned being in administration or receivership,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which or one of the main purposes of which is the avoidance of tax.
- (4C) Sub-paragraph (2) of paragraph 11A below applies for the purposes of sub-paragraphs (4A) and (4B) above as it applies for the purpose of that paragraph.
- (5) The subsidiary shall not be regarded, at any time when arrangements are in existence for the disposal by the relevant company, or (as the case may be) by another subsidiary of that company, of all its interest in the subsidiary in question, as having ceased on that account to be a company falling within sub-paragraph (3) above if . . . the disposal is to be for bona fide commercial reasons and is not to be part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Requirement as to property managing subsidiaries
##### 10ZA
- (1) The requirement of this paragraph is that the relevant company must not have a property managing subsidiary which is not a relevant qualifying subsidiary of the relevant company.
- (2) “*Property managing subsidiary*” means a qualifying subsidiary of the relevant company whose business consists wholly or mainly in the holding or managing of land or any property deriving its value from land.
- (3) In sub-paragraph (2) above, “*land*” and “*property deriving its value from land*” have the same meaning as in section 776.
### Requirement that securities should not relate to a guaranteed loan
##### 10A
- (1) The requirement of this paragraph is that there are no securities relating to a guaranteed loan in the relevant holding.
- (2) For the purposes of this paragraph a security relates to a guaranteed loan if (and only if) there are arrangements for the trust company to be or become entitled, in the event of a failure by any person to comply with—
- (a) the terms of the loan to which the security relates, or
- (b) the terms of the security,
to receive anything (whether directly or indirectly) from a third party.
- (3) For the purposes of sub-paragraph (2) above it shall be immaterial whether the arrangements apply in all cases of a failure to comply or only in certain such cases.
- (4) For the purposes of this paragraph “*third party*” means any person except—
- (a) the relevant company; and
- (b) if the relevant company is the parent company of a trading group for the purposes of paragraph 3 above, the subsidiaries of the relevant company.
### Requirement that a proportion of the holding in each company must be eligible shares
##### 10B
- (1) The requirement of this paragraph is that eligible shares represent at least 10 per cent. by value of the totality of the shares in or securities of the relevant company (including the relevant holding) which are held by the trust company.
- (2) For the purposes of this paragraph the value at any time of any shares in or securities of a company shall be taken (subject to sub-paragraph (4) below) to be their value immediately after—
- (a) any relevant event occurring at that time; or
- (b) where no relevant event occurs at that time, the last relevant event to occur before that time.
- (3) In sub-paragraph (2) above “*relevant event*”, in relation to any shares in or securities of the relevant company, means—
- (a) the acquisition by the trust company of those shares or securities;
- (b) the acquisition by the trust company of any other shares in or securities of the relevant company which—
- (i) are of the same description as those shares or securities, and
- (ii) are acquired otherwise than by virtue of being allotted to the trust company without that company’s becoming liable to give any consideration;
or
- (c) the making of any such payment in discharge, in whole or in part, of any obligation attached to any shares in or securities of the relevant company held by the trust company as (by discharging that obligation) increases the value of any such shares or securities.
- (4) If at any time the value of any shares or securities held by the trust company is less than the amount of the consideration given by the trust company for those shares or securities, it shall be assumed for the purposes of this paragraph that the value of those shares or securities at that time is equal to the amount of that consideration.
- (5) In this paragraph “*eligible shares*” has the same meaning as in section 842AA.
### Acquisitions for restructuring purposes
##### 10C
- (1) This paragraph applies where—
- (a) arrangements are made for a company (“*the new company*”) to acquire all the shares (“*old shares*”) in another company (“*the old company*”);
- (b) the acquisition provided for by the arrangements falls within sub-paragraph (2) below; and
- (c) the Board have, before any exchange of shares takes place under the arrangements, given an approval notification.
- (2) An acquisition of shares falls within this sub-paragraph if—
- (a) the consideration for the old shares consists wholly of the issue of shares (“*new shares*”) in the new company;
- (b) new shares are issued in consideration of old shares only at times when there are no issued shares in the new company other than subscriber shares and new shares previously issued in consideration of old shares;
- (c) the consideration for new shares of each description consists wholly of old shares of the corresponding description; and
- (d) new shares of each description are issued to the holders of old shares of the corresponding description in respect of, and in proportion to, their holdings.
- (3) For the purposes of sub-paragraph (1)(c) above an approval notification is one which, on an application by either the old company or the new company, is given to the applicant company and states that the Board are satisfied that the exchange of shares under the arrangements—
- (a) will be effected for bona fide commercial reasons; and
- (b) will not form part of any such scheme or arrangements as are mentioned in section 137(1) of the 1992 Act.
- (4) If the requirements of paragraph 3 above were satisfied in relation to the old company and any old shares immediately before the beginning of the period for giving effect to the arrangements, then (to the extent that it would not otherwise be the case) those requirements shall be deemed to be satisfied in relation to the new company and the matching new shares at all times which—
- (a) fall in that period; and
- (b) do not fall after a time when (apart from the arrangements) those requirements would have ceased by virtue of—
- (i) sub-paragraph (4) or (5) of that paragraph, or
- (ii) any cessation of a trade by any company,
to be satisfied in relation to the old company and the matching old shares.
- (5) For the purposes of paragraph 3 above the period of two years mentioned in sub-paragraph (4) of that paragraph shall be deemed, in the case of any new shares, to expire at the same time as it would have expired (or by virtue of this sub-paragraph would have been deemed to expire) in the case of the matching old shares.
- (6) Subject to sub-paragraph (7) below, where—
- (a) there is an exchange under the arrangements of any new shares for any old shares, and
- (b) those old shares are shares in relation to which the requirements of paragraphs 6 and 8 above were (or were deemed to be) satisfied to any extent immediately before the exchange,
those requirements shall be deemed, at all times after that time, to be satisfied to the same extent in relation to the matching new shares.
- (7) Where there is a time following any exchange under the arrangements of any new shares for any old shares when (apart from the arrangements) the requirements of paragraph 6 above would have ceased under—
- (a) sub-paragraph (2) of that paragraph, or
- (b) this sub-paragraph,
to be satisfied in relation to those old shares, those requirements shall cease at that time to be satisfied in relation to the matching new shares.
- (8) For the purposes of paragraph 7 above any new shares acquired under the arrangements shall be deemed to represent an investment which—
- (a) raised the same amount of money as was raised (or, by virtue of this sub-paragraph, is deemed to have been raised) by the issue of the matching old shares, and
- (b) raised that amount by an issue of shares in the new company made at the time when the issue of the matching old shares took place (or, as the case may be, is deemed to have taken place).
- (9) In determining whether the requirements of paragraph 9 above are satisfied in relation to the old company or the new company at a time in the period for giving effect to the arrangements, both—
- (a) the arrangements themselves, and
- (b) any exchange of new shares for old shares that has already taken place under the arrangements,
shall be disregarded.
- (10) For the purposes of paragraph 10B above the value of the new shares, both immediately after the time of their acquisition and immediately after the time of any subsequent relevant event occurring by virtue of the arrangements, shall be taken to be the same as the value, when last valued in accordance with that paragraph, of the old shares for which they are exchanged.
- (11) Nothing in this paragraph shall deem any of the requirements of this Schedule to be satisfied in relation to any new shares unless the matching old shares were first issued to the trust company and have been held by that company from the time when they were issued until they are acquired by the new company.
- (12) References in this paragraph to the period for giving effect to the arrangements are references to the period which—
- (a) begins with the time when those arrangements first came into existence; and
- (b) ends with the time when the new company completes its acquisition under the arrangements of all the old shares.
- (13) If, at any time after the arrangements first came into existence and before the new company has acquired all the old shares, the arrangements—
- (a) cease to be arrangements for the acquisition of all the old shares by the new company, or
- (b) cease to be arrangements for an acquisition falling within sub-paragraph (2) above,
this paragraph shall not deem any requirement of this Schedule to be satisfied, and sub-paragraph (10) above shall not apply, in the case of any new shares at any time after the arrangements have so ceased.
- (14) Subject to sub-paragraph (15) below, references in this paragraph, except in the expression “subscriber shares”, to shares in a company include references to any securities of that company.
- (15) For the purposes of this paragraph, a relevant security of the old company shall not be treated as a security of that company if—
- (a) the arrangements do not provide for the acquisition of the security by the new company; or
- (b) such treatment prevents sub-paragraph (1)(b) above from being satisfied in connection with the arrangements.
- (16) In sub-paragraph (15) above “*relevant security*” means an instrument which is a security for the purposes of this Schedule by reason only of section 842AA(12).
- (17) For the purposes of this paragraph—
- (a) old shares and new shares are of a corresponding description if, were they shares in the same company, they would be of the same description; and
- (b) old shares and new shares are matching shares in relation to each other if the old shares are the shares for which those new shares are exchanged under the arrangements.
### Conversion of convertible shares and securities
##### 10D
- (1) This paragraph applies where—
- (a) shares have been issued to the trust company by virtue of the exercise by that company of any right of conversion attached to other shares, or securities, held by that company (“*the convertibles*”);
- (b) the shares so issued are in the same company as the convertibles to which the right was attached;
- (c) the convertibles to which the right was attached were first issued to the trust company and were held by that company from the time they were issued until converted; and
- (d) the right was attached to the convertibles when they were first so issued and was not varied before it was exercised.
- (2) Sub-paragraphs (5) to (8) of paragraph 10C above shall apply in relation to the exchange of convertibles for shares by virtue of the exercise of the right of conversion as if—
- (a) that exchange were an exchange under any such arrangements as are mentioned in that paragraph of new shares for old shares; and
- (b) the references in those sub-paragraphs and sub-paragraph (17)(b) of that paragraph to the arrangements were references to the provision conferring the right of conversion.
- (3) For the purposes of paragraph 10B above the value of the new shares immediately after the time of their acquisition by the trust company shall be taken to be the same as the value, when last valued in accordance with that paragraph, of the convertibles for which they are exchanged.
### Winding up of the relevant company
##### 11
None of the requirements of this Schedule shall be regarded, at a time when the relevant company is being wound up, as being, on that account, a requirement that is not satisfied in relation to that company if . . . —
- (a) . . . the requirements of this Schedule would be satisfied in relation to that company apart from the winding up; and
- (b) . . . the winding up is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
### Company in administration or receivership
##### 11A
- (1) A company which is in administration or receivership shall not be regarded as ceasing to comply with paragraph 3(2) or (3) by reason only of anything done as a consequence of its being in administration or receivership.
- (2) For this purpose—
- (a) a company is “in administration” if it is in administration within the meaning of Schedule B1 to the Insolvency Act 1986, or there is in force in relation to it—
- (i) an administration order under Part III of the Insolvency (Northern Ireland) Order 1989, or
- (ii) any corresponding order under the law of a country or territory outside the United Kingdom; and
- (b) a company is “in receivership" if there is in force in relation to it—
- (i) an order for the appointment of an administrative receiver, a receiver and manager or a receiver under Chapter I or II of Part III of the Insolvency Act 1986 or Part IV of the Insolvency (Northern Ireland) Order 1989, or
- (ii) any corresponding order under the law of a country or territory outside the United Kingdom.
- (3) This paragraph applies only if—
- (a) the entry into administration or receivership, and
- (b) everything done as a consequence of the company being in administration or receivership,
is for bona fide commercial reasons and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.
### Company reorganisations etc. involving exchange of shares
##### 11B
- (1) The Treasury may by regulations make provision for cases where—
- (a) a holding of shares or securities that meets the requirements of this Schedule is exchanged for other shares or securities,
- (b) the exchange is made for bona fide commercial reasons and does not form part of a scheme or arrangements of which the main purpose, or one of the main purposes, is the avoidance of tax, and
- (c) the new shares or securities do not meet some or all of the requirements of this Schedule,
providing that the new shares or securities shall be treated as meeting those requirements.
- (2) The references in sub-paragraph (1) to an exchange of shares or securities include any form of company reorganisation or other arrangement which involves a holder of shares or securities in a company receiving other shares or securities—
- (a) whether the original shares or securities are transferred, cancelled or retained, and
- (b) whether the new shares or securities are in the same or another company.
- (3) The regulations shall specify—
- (a) the cases in which, and conditions subject to which, they apply,
- (b) which requirements of this Schedule are to be treated as met, and
- (c) the period for which those requirements are to be treated as met.
- (4) The regulations may contain such administrative provisions (including provision for advance clearances) as appear to the Treasury to be necessary or expedient.
- (5) The regulations may authorise the Board to give notice to any person requiring him to provide such information, specified in the notice, as they may reasonably require in order to determine whether any conditions imposed by the regulations are met.
- (6) Regulations under this paragraph—
- (a) may make different provision for different cases,
- (b) may include such supplementary, incidental and transitional provisions as appear to the Treasury to be appropriate, and
- (c) may include provision having retrospective effect.
### Power to amend Schedule
##### 12
The Treasury may by order amend this Schedule for any or all of the following purposes, that is to say—
- (a) to make such modifications of paragraphs 3 to 5 above as they may consider expedient;
- (b) to substitute different sums for the sums of money for the time being specified in paragraphs 7(2) and 8(1) above.
### General interpretation
##### 13
- (1) Subject to paragraph 10C(15) above, in this Schedule—
- “*debenture*” has the meaning given by section 744 of the Companies Act 1985; and
- “*securities*” has the same meaning as in section 842AA;
and references in this Schedule to the issue of any securities, in relation to any security consisting in a liability in respect of an unsecured loan, shall have effect as references to the making of the loan.
- (2) For the purposes of paragraphs 5(2) and 9 above, the question whether a person controls a company shall be determined in accordance with subsections (2) to (6) of section 416 with the modification given by sub-paragraph (3) below.
- (3) The modification is that, in determining whether a person controls a company, there shall be disregarded—
- (a) his or any other person’s possession of, or entitlement to acquire, relevant fixed-rate preference shares of the company; and
- (b) his or any other person’s possession of, or entitlement to acquire, rights as a loan creditor of the company.
- (4) Section 839 shall apply for the purposes of this Schedule, but as if the reference in subsection (8) to section 416 were a reference to subsections (2) to (6) of section 416 with the modification given by sub-paragraph (3) above.
- (5) For the purposes of sub-paragraph (3) above—
- (a) relevant fixed-rate preference shares are fixed-rate preference shares that do not for the time being carry voting rights; . . .
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) In this paragraph “*fixed-rate preference shares*” means shares which—
- (a) were issued wholly for new consideration;
- (b) do not carry any right either to conversion into shares or securities of any other description or to the acquisition of any additional shares or securities; and
- (c) do not carry any right to dividends other than dividends which—
- (i) are of a fixed amount or at a fixed rate per cent. of the nominal value of the shares, and
- (ii) together with any sum paid on redemption, represent no more than a reasonable commercial return on the consideration for which the shares were issued;
and in paragraph (a) above “*new consideration*” has the meaning given by section 254.
##### 18A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## Editorial notes
[^c21566881]: **EDITORIAL NOTE** The originating text of this Act is derived from the 1990 edition of The Taxes Acts edited by the Inland Revenue and published by Her Majesty's Stationery Office. The style of editing followed in older versions of the revised text may therefore differ from that applicable to most other Acts published in the online edition of the revised statutes. Any references in older footnote annotations to Vol. 1, 2 etc. are to the Volumes of that 1990 edition. References to Acts in sidenotes and footnote annotations may be abbreviated. The main abbreviations used are listed below. Where a reference to an Act consists of the year, or the year and a series number (such as "1975", or "1975 (No. 2)", etc.), without any following letter(s) in parentheses, the reference is in most cases to the Finance Act, or Finance (No. 2) Act, etc., of that year. Exceptions to this are 1952, 1970, and 1988 (as to which see the list below). **ABBREVIATIONS USED IN SIDENOTES AND FOOTNOTES** 1828 (R.S.) = [Revenue Solicitors Act 1828 (c. 25, SIF 57)](https://www.legislation.gov.uk/ukpga/1828/25) 1890 (I.R.R.) = [Inland Revenue Regulation Act 1890 (c. 21, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1890/21) 1952 = [Income Tax Act 1952 (c. 10, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1952/10) 1968 (C) = [Capital Allowances Act 1968 (c. 3)](https://www.legislation.gov.uk/ukpga/1968/3) 1970 (M) = [Taxes Management Act 1970 (c. 9, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/9) 1970 = [Income and Corporation Taxes Act 1970 (c. 10, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/10) 1970 (F) = [Finance Act 1970 (c. 24, SIF 63:1,2)](https://www.legislation.gov.uk/ukpga/1970/24) 1970 (No.2) = [Income and Corporation Taxes (No.2) Act 1970 (c. 54)](https://www.legislation.gov.uk/ukpga/1970/54) 1975 (O) = [Oil Taxation Act 1975 (c. 22)](https://www.legislation.gov.uk/ukpga/1975/22) (and similarly as respects subsequent years) 1976 (D) = [Development Land Tax Act 1976 (c. 24)](https://www.legislation.gov.uk/ukpga/1976/24) 1977 (I.T.R.) = [Finance (Income Tax Reliefs) Act 1977 (c. 53)](https://www.legislation.gov.uk/ukpga/1977/53) 1979 (C) = [Capital Gains Tax Act 1979 (c. 14, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1979/14) 1984 (C) = [Capital Transfer Tax Act 1984/Inheritance Tax Act 1984 (c. 51, SIF 65)](https://www.legislation.gov.uk/ukpga/1984/51) 1988 = [Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1) 1988 (F) = [Finance Act 1988 (c. 39, SIF 63:1,2)](https://www.legislation.gov.uk/ukpga/1988/39) 1990 (C) = [Capital Allowances Act 1990 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/1) O.J. = Official Journal of the European Communities SIF = Statutes in Force, the official hard-copy predecessor to the online statutes (and any following numbers refer to the relevant volume)
[^c21566891]: General amendments, modifications, etc. to Tax Acts (or Income Tax Acts or Corporation Taxes Acts as the case may be): [Taxes Management Act 1970 (c.9, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1970/9), [s. 41A(7)](https://www.legislation.gov.uk/ukpga/1970/9/section/41A/7) (as added by [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 95(1)(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/95/1/2)); [British Telecommunications Act 1981 (c.38, SIF 96)](https://www.legislation.gov.uk/ukpga/1981/38), [s. 82(2)(7)](https://www.legislation.gov.uk/ukpga/1981/38/section/82/2/7); [Telecommunications Act 1984 (c.12, SIF 96)](https://www.legislation.gov.uk/ukpga/1984/12), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1984/12/section/72/3); [Finance Act 1984 (c.43, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1984/43), [ss. 82(6)](https://www.legislation.gov.uk/ukpga/1984/43/section/82/6), [85(2)](https://www.legislation.gov.uk/ukpga/1984/43/section/85/2), [89(1)(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/89/1/7), [96(1)(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/96/1/7), [98(7)](https://www.legislation.gov.uk/ukpga/1984/43/section/98/7), [Sch. 9 para. 3(2)(9)](https://www.legislation.gov.uk/ukpga/1984/43/schedule/9/paragraph/3/2/9), [Sch. 16 paras. 6](https://www.legislation.gov.uk/ukpga/1984/43/schedule/16/paragraph/6), [12](https://www.legislation.gov.uk/ukpga/1984/43/schedule/16/paragraph/12); [Finance Act 1985 (c.54, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1985/54), [ss. 72(1)](https://www.legislation.gov.uk/ukpga/1985/54/section/72/1), [74(5)](https://www.legislation.gov.uk/ukpga/1985/54/section/74/5), [Sch. 23 para. 15(4)](https://www.legislation.gov.uk/ukpga/1985/54/schedule/23/paragraph/15/4); [The Income Tax (Entertainers and Sportsmen) Regulations 1987 (S.I. 1987/530)](https://www.legislation.gov.uk/uksi/1987/530), [regs. 11(2)](https://www.legislation.gov.uk/uksi/1987/530/regulation/11/2), [13(1)](https://www.legislation.gov.uk/uksi/1987/530/regulation/13/1), [14](https://www.legislation.gov.uk/uksi/1987/530/regulation/14); [Income and Corporation Taxes Act 1988 (c.1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 4](https://www.legislation.gov.uk/ukpga/1988/1/section/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/section/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/section/7), [9](https://www.legislation.gov.uk/ukpga/1988/1/section/9), [32](https://www.legislation.gov.uk/ukpga/1988/1/section/32), [34](https://www.legislation.gov.uk/ukpga/1988/1/section/34), [78](https://www.legislation.gov.uk/ukpga/1988/1/section/78), [134](https://www.legislation.gov.uk/ukpga/1988/1/section/134), [135](https://www.legislation.gov.uk/ukpga/1988/1/section/135), [141](https://www.legislation.gov.uk/ukpga/1988/1/section/141), [142](https://www.legislation.gov.uk/ukpga/1988/1/section/142), [185](https://www.legislation.gov.uk/ukpga/1988/1/section/185), [191](https://www.legislation.gov.uk/ukpga/1988/1/section/191), [193](https://www.legislation.gov.uk/ukpga/1988/1/section/193), [194](https://www.legislation.gov.uk/ukpga/1988/1/section/194), [195](https://www.legislation.gov.uk/ukpga/1988/1/section/195), [200](https://www.legislation.gov.uk/ukpga/1988/1/section/200), [203](https://www.legislation.gov.uk/ukpga/1988/1/section/203), [209](https://www.legislation.gov.uk/ukpga/1988/1/section/209), [212](https://www.legislation.gov.uk/ukpga/1988/1/section/212), [213](https://www.legislation.gov.uk/ukpga/1988/1/section/213), [219](https://www.legislation.gov.uk/ukpga/1988/1/section/219), [247](https://www.legislation.gov.uk/ukpga/1988/1/section/247), [253](https://www.legislation.gov.uk/ukpga/1988/1/section/253), [272](https://www.legislation.gov.uk/ukpga/1988/1/section/272), [287](https://www.legislation.gov.uk/ukpga/1988/1/section/287), [314](https://www.legislation.gov.uk/ukpga/1988/1/section/314), [315](https://www.legislation.gov.uk/ukpga/1988/1/section/315), [317](https://www.legislation.gov.uk/ukpga/1988/1/section/317), [318](https://www.legislation.gov.uk/ukpga/1988/1/section/318), [325](https://www.legislation.gov.uk/ukpga/1988/1/section/325), [326](https://www.legislation.gov.uk/ukpga/1988/1/section/326), [327](https://www.legislation.gov.uk/ukpga/1988/1/section/327), [345](https://www.legislation.gov.uk/ukpga/1988/1/section/345), [350](https://www.legislation.gov.uk/ukpga/1988/1/section/350), [351](https://www.legislation.gov.uk/ukpga/1988/1/section/351), [368](https://www.legislation.gov.uk/ukpga/1988/1/section/368), [375](https://www.legislation.gov.uk/ukpga/1988/1/section/375), [381](https://www.legislation.gov.uk/ukpga/1988/1/section/381), [397](https://www.legislation.gov.uk/ukpga/1988/1/section/397), [414](https://www.legislation.gov.uk/ukpga/1988/1/section/414), [432](https://www.legislation.gov.uk/ukpga/1988/1/section/432), [440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [442](https://www.legislation.gov.uk/ukpga/1988/1/section/442), [446](https://www.legislation.gov.uk/ukpga/1988/1/section/446), [458](https://www.legislation.gov.uk/ukpga/1988/1/section/458), [460](https://www.legislation.gov.uk/ukpga/1988/1/section/460), [461](https://www.legislation.gov.uk/ukpga/1988/1/section/461), [463](https://www.legislation.gov.uk/ukpga/1988/1/section/463), [463(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/2/3) (as added by [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 50(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/50/2)), [468](https://www.legislation.gov.uk/ukpga/1988/1/section/468), [474](https://www.legislation.gov.uk/ukpga/1988/1/section/474), [475](https://www.legislation.gov.uk/ukpga/1988/1/section/475), [486](https://www.legislation.gov.uk/ukpga/1988/1/section/486), [490](https://www.legislation.gov.uk/ukpga/1988/1/section/490), [491](https://www.legislation.gov.uk/ukpga/1988/1/section/491), [503](https://www.legislation.gov.uk/ukpga/1988/1/section/503), [511](https://www.legislation.gov.uk/ukpga/1988/1/section/511), [518](https://www.legislation.gov.uk/ukpga/1988/1/section/518), [524](https://www.legislation.gov.uk/ukpga/1988/1/section/524), [532](https://www.legislation.gov.uk/ukpga/1988/1/section/532), [544](https://www.legislation.gov.uk/ukpga/1988/1/section/544), [550](https://www.legislation.gov.uk/ukpga/1988/1/section/550), [556](https://www.legislation.gov.uk/ukpga/1988/1/section/556), [558](https://www.legislation.gov.uk/ukpga/1988/1/section/558), [569](https://www.legislation.gov.uk/ukpga/1988/1/section/569), [572](https://www.legislation.gov.uk/ukpga/1988/1/section/572), [582](https://www.legislation.gov.uk/ukpga/1988/1/section/582), [595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [601](https://www.legislation.gov.uk/ukpga/1988/1/section/601), [613](https://www.legislation.gov.uk/ukpga/1988/1/section/613), [617](https://www.legislation.gov.uk/ukpga/1988/1/section/617), [619](https://www.legislation.gov.uk/ukpga/1988/1/section/619), [621](https://www.legislation.gov.uk/ukpga/1988/1/section/621), [639](https://www.legislation.gov.uk/ukpga/1988/1/section/639), [656](https://www.legislation.gov.uk/ukpga/1988/1/section/656), [660](https://www.legislation.gov.uk/ukpga/1988/1/section/660), [663](https://www.legislation.gov.uk/ukpga/1988/1/section/663), [676](https://www.legislation.gov.uk/ukpga/1988/1/section/676), [689](https://www.legislation.gov.uk/ukpga/1988/1/section/689), [691](https://www.legislation.gov.uk/ukpga/1988/1/section/691), [694](https://www.legislation.gov.uk/ukpga/1988/1/section/694), [700](https://www.legislation.gov.uk/ukpga/1988/1/section/700), [701](https://www.legislation.gov.uk/ukpga/1988/1/section/701), [714](https://www.legislation.gov.uk/ukpga/1988/1/section/714), [716](https://www.legislation.gov.uk/ukpga/1988/1/section/716), [739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [743](https://www.legislation.gov.uk/ukpga/1988/1/section/743), [754](https://www.legislation.gov.uk/ukpga/1988/1/section/754), [763](https://www.legislation.gov.uk/ukpga/1988/1/section/763), [776](https://www.legislation.gov.uk/ukpga/1988/1/section/776), [780](https://www.legislation.gov.uk/ukpga/1988/1/section/780), [781](https://www.legislation.gov.uk/ukpga/1988/1/section/781), [782](https://www.legislation.gov.uk/ukpga/1988/1/section/782), [787](https://www.legislation.gov.uk/ukpga/1988/1/section/787), [789](https://www.legislation.gov.uk/ukpga/1988/1/section/789), [811](https://www.legislation.gov.uk/ukpga/1988/1/section/811), [828](https://www.legislation.gov.uk/ukpga/1988/1/section/828), [829](https://www.legislation.gov.uk/ukpga/1988/1/section/829), [832](https://www.legislation.gov.uk/ukpga/1988/1/section/832), [833](https://www.legislation.gov.uk/ukpga/1988/1/section/833), [834](https://www.legislation.gov.uk/ukpga/1988/1/section/834), [835](https://www.legislation.gov.uk/ukpga/1988/1/section/835), [837](https://www.legislation.gov.uk/ukpga/1988/1/section/837), [838](https://www.legislation.gov.uk/ukpga/1988/1/section/838), [839](https://www.legislation.gov.uk/ukpga/1988/1/section/839), [840](https://www.legislation.gov.uk/ukpga/1988/1/section/840), [841](https://www.legislation.gov.uk/ukpga/1988/1/section/841), [842](https://www.legislation.gov.uk/ukpga/1988/1/section/842), [Sch. 2 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/2/paragraph/5), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/5), [Sch. 13 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/10), [Sch. 16 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/10), [Sch. 21 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6), [Sch. 26 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1), [Sch. 27 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/20); [Finance Act 1988 (c.39, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 66](https://www.legislation.gov.uk/ukpga/1988/39/section/66), [127(1)(6)](https://www.legislation.gov.uk/ukpga/1988/39/section/127/1/6), [Sch. 12 para. 6](https://www.legislation.gov.uk/ukpga/1988/39/schedule/12/paragraph/6); [Electricity Act 1989 (c. 29, SIF 44:1)](https://www.legislation.gov.uk/ukpga/1989/29), [s. 90](https://www.legislation.gov.uk/ukpga/1989/29/section/90), [Sch. 11 para. 8(2)](https://www.legislation.gov.uk/ukpga/1989/29/schedule/11/paragraph/8/2); [S.I. 1990/117](https://www.legislation.gov.uk/uksi/1990/117), [art. 3](https://www.legislation.gov.uk/uksi/1990/117/article/3), [Sch. 1](https://www.legislation.gov.uk/uksi/1990/117/schedule/1); [Capital Allowances Act 1990 (c.1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/1), [ss. 28(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/28/1), [68(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/68/8), [74](https://www.legislation.gov.uk/ukpga/1988/1/section/74), [82](https://www.legislation.gov.uk/ukpga/1988/1/section/82), [83(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/5), [148(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/148/5), [163(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/163/4), [164(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/164/2); [S.I. 1990/627](https://www.legislation.gov.uk/uksi/1990/627); [Finance Act 1990 (c.29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 25(10)](https://www.legislation.gov.uk/ukpga/1990/29/section/25/10); [Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) (having effect with respect to gifts made on or after 19.3.1991), s. 587A(2)(3) (with application as referred to in [Finance Act 1991 (c.31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5) (if the new securities are issued on or after 19.3.1991)), [s. 736A](https://www.legislation.gov.uk/ukpga/1988/1/section/736A), [Sch. 23A paras. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3/2), [4(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/4), [5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/5/2), [7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1); [Ports Act 1991 (c. 52, SIF 58)](https://www.legislation.gov.uk/ukpga/1991/52), [s. 35(8)](https://www.legislation.gov.uk/ukpga/1991/52/section/35/8); [The Official Listing of Securities (Change of Competent Authority) Regulations 1991 (S.I. 1991/2000)](https://www.legislation.gov.uk/uksi/1991/2000), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1991/2000/regulation/1/1), [4(5)](https://www.legislation.gov.uk/uksi/1991/2000/regulation/4/5); [British Technology Group Act 1991 (c.66, SIF 64)](https://www.legislation.gov.uk/ukpga/1991/66), [s.12(1)(3)(4)](https://www.legislation.gov.uk/ukpga/1991/66/section/12/1/3/4); [S.I. 1991/2721](https://www.legislation.gov.uk/uksi/1991/2721), [art.2](https://www.legislation.gov.uk/uksi/1991/2721/article/2); [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1 reg. 28](https://www.legislation.gov.uk/uksi/1979/591/schedule/1/regulation/28) (as substituted by [S.I. 1992/97](https://www.legislation.gov.uk/uksi/1992/97), [reg. 18](https://www.legislation.gov.uk/uksi/1992/97/regulation/18)); [Social Security Contributions and Benefits Act 1992 (c. 4)](https://www.legislation.gov.uk/ukpga/1992/4), [ss. 16](https://www.legislation.gov.uk/ukpga/1992/4/section/16), [177(4)](https://www.legislation.gov.uk/ukpga/1992/4/section/177/4), [Sch.2](https://www.legislation.gov.uk/ukpga/1992/4/schedule/2) (with [s. 108(5)](https://www.legislation.gov.uk/ukpga/1992/4/section/108/5)); [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 209(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/209/3), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) (with effect for the year 1992-93 and subsequent years of assessment); [The Lloyd's Underwriters (Tax) (1989-90) Regulations 1992 (S.I. 1992/511)](https://www.legislation.gov.uk/uksi/1992/511), [reg.3](https://www.legislation.gov.uk/uksi/1992/511/regulation/3) (with effect for the year of assessment 1989-90); [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 66](https://www.legislation.gov.uk/ukpga/1992/48/section/66), [77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 12 paras. 6(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/6/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/7), [Sch. 17 para.9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/9); [The Lloyd's Underwriters (Tax) (1990-91) Regulations 1993 (S.I. 1993/415)](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/1/1), [3(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/3/1) (with effect for the year of assessment 1990-91); [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(3)-(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/3), [118(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/118/1), [146(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/146/2/3), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165), [175](https://www.legislation.gov.uk/ukpga/1993/34/section/175), [Sch. 20 paras. 8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20/paragraph/8), [9(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20/paragraph/9/1); [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 172(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/172/1), [176(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/1), [179(4)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/179/4/5), [180(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/180/1/a/2), [182(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/182/2), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) (with effect for the year 1992-93 and subsequent years of assessment); [Agriculture Act 1993 (c. 37)](https://www.legislation.gov.uk/ukpga/1993/37), [ss. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [36](https://www.legislation.gov.uk/ukpga/1993/37/section/36), [Sch. 2](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2), [paras. 1](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/1), [2(1)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/2/1), [3(2)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/3/2), [16(2)(a)](https://www.legislation.gov.uk/ukpga/1993/37/paragraph/16/2/a), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/4/paragraph/1/1); [The Income Tax (Manufactured Overseas Dividends) Regulations 1993 (S.I. 1993/2004)](https://www.legislation.gov.uk/uksi/1993/2004), [regs. 1](https://www.legislation.gov.uk/uksi/1993/2004/regulation/1), [4(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/4/1) , [5(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/5/1), [7(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/7/1), [8](https://www.legislation.gov.uk/uksi/1993/2004/regulation/8), [11(7)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/11/7); [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 139(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/139/1/2), [173(2)(b)(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/2/b/4/a/b), [174](https://www.legislation.gov.uk/ukpga/1994/9/section/174), [Sch. 25 paras. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/2), [6(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/6/1/2); [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 paras. 1(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/1/4), [12(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/12/2), [15(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15/1/b), [18(1)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/18/1), [20(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/20/1/a/3), [25(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/25/1) (with retrospective effect to 11.1.1994); [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 21](https://www.legislation.gov.uk/ukpga/1994/21/section/21), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/11/1), [14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14), [17(2)-(4)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/17/2), [19(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/19/1/a/3); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule); [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [reg.3](https://www.legislation.gov.uk/uksi/1994/728/regulation/3) (with effect for the year of assessment 1991-92); [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 152](https://www.legislation.gov.uk/ukpga/1995/4/section/152), [157(12)](https://www.legislation.gov.uk/ukpga/1995/4/section/157/12); [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 154](https://www.legislation.gov.uk/ukpga/1995/4/section/154) (with retrospective effect to 29.11.1994); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/2/3), [Sch. 19](https://www.legislation.gov.uk/ukpga/1995/4/schedule/19)); [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24), [s. 7(3)-(5)](https://www.legislation.gov.uk/ukpga/1995/24/section/7/3); [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [s. 8](https://www.legislation.gov.uk/ukpga/1995/37/section/8), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/7), [13](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/13); [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [s. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1995/45/section/17/1/2), [Sch. 5 paras. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1), [10(1)-(3)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/1); [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 3](https://www.legislation.gov.uk/uksi/1995/171/regulation/3); [The Lloyd's Underwriters (Tax) Regulations 1995 (S.I. 1995/351)](https://www.legislation.gov.uk/uksi/1995/351), [reg. 4](https://www.legislation.gov.uk/uksi/1995/351/regulation/4) (with [regs. 5-8](https://www.legislation.gov.uk/uksi/1995/351/regulation/5) and [S.I. 1995/352](https://www.legislation.gov.uk/uksi/1995/352), [regs. 6-12](https://www.legislation.gov.uk/uksi/1995/352/regulation/6), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15)); [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/352/regulation/4) (with [regs. 6-12](https://www.legislation.gov.uk/uksi/1995/352/regulation/6), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15) and [S.I. 1995/351](https://www.legislation.gov.uk/uksi/1995/351), [regs. 5-8](https://www.legislation.gov.uk/uksi/1995/351/regulation/5)) (with effect for the years of assessment 1992-93 to 1996-97); [The Income Tax (Manufactured Dividends) (Tradepoint) Regulations 1995 (S.I. 1995/2052)](https://www.legislation.gov.uk/uksi/1995/2052), [regs. 1](https://www.legislation.gov.uk/uksi/1995/2052/regulation/1), [10](https://www.legislation.gov.uk/uksi/1995/2052/regulation/10); [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 81(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/81/1), [151(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/151/1), [152](https://www.legislation.gov.uk/ukpga/1996/8/section/152), [154(2)(5)(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/2/5/9), [Sch. 10 para. 4(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/4/2), [Sch. 11 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/4/4); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 689A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/689A/2) (as inserted by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 paras. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/16), [28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28)); [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [Sch. 7 paras. 1(3)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/1/3), [18](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/18), [27](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/27); [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 79(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/79/3), [Sch. 7 paras. 2(1)(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/2/1/3), [3(2)(5)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/3/2/5), [7(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/7/2); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) (as substituted and inserted respectively by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/11/1), [13(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/3), [16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16)); [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [ss. 28A](https://www.legislation.gov.uk/ukpga/1990/1/section/28A), [29(1)(1A)](https://www.legislation.gov.uk/ukpga/1990/1/section/29/1/1A) (as inserted and substituted respectively by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 15 paras. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/4)) [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 29(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/29/1), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/23); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) (as substituted by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(4)(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/4/6); [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 3](https://www.legislation.gov.uk/uksi/1997/473/regulation/3) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [art. 165(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/165/2/a); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 4](https://www.legislation.gov.uk/uksi/2004/822/regulation/4)) [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1), [3-23](https://www.legislation.gov.uk/uksi/1997/1154/regulation/3) (as amended by [S.I. 1997/1715](https://www.legislation.gov.uk/uksi/1997/1715)); [The Lloyd's Underwriters (Scottish Limited Partnerships) (Tax) Regulations 1997 (S.I. 1997/2681)](https://www.legislation.gov.uk/uksi/1997/2681), [regs. 1](https://www.legislation.gov.uk/uksi/1997/2681/regulation/1), [9](https://www.legislation.gov.uk/uksi/1997/2681/regulation/9); [Teaching and Higher Education Act 1998 (c. 30)](https://www.legislation.gov.uk/ukpga/1998/30), [s. 22(5)(g)](https://www.legislation.gov.uk/ukpga/1998/30/section/22/5/g); [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 30(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/30/3), [31(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/31/2), [32(8)](https://www.legislation.gov.uk/ukpga/1998/36/section/32/8), [46](https://www.legislation.gov.uk/ukpga/1998/36/section/46), [47(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/3/a), [117](https://www.legislation.gov.uk/ukpga/1998/36/section/117), [161(2)(b)(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/b/7), [Sch. 18](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 65A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/65A/3), [70A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/70A/3), [596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596C), [754(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2), [Sch. 28AA para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2/b) (as inserted or substituted (as the case may be) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38](https://www.legislation.gov.uk/ukpga/1998/36/section/38), [93(3)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/3/4), [108(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/5/6), [Sch. 5 paras. 24](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/24), [25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/25), [73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [Sch. 16](https://www.legislation.gov.uk/ukpga/1998/36/schedule/16), [Sch. 17 paras. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/4), [37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37); [Regional Development Agencies Act 1998 (c. 45)](https://www.legislation.gov.uk/ukpga/1998/45), [s. 38](https://www.legislation.gov.uk/ukpga/1998/45/section/38); [S.I. 1998/2952](https://www.legislation.gov.uk/uksi/1998/2952), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/2952/article/2/2); [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 73(2)](https://www.legislation.gov.uk/ukpga/1998/46/section/73/2); [S.I. 1998/3178](https://www.legislation.gov.uk/uksi/1998/3178), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/3178/article/2/2), [Sch. 3](https://www.legislation.gov.uk/uksi/1998/3178/schedule/3); [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [21](https://www.legislation.gov.uk/uksi/1998/3177/regulation/21); [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/4); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 469A](https://www.legislation.gov.uk/ukpga/1988/1/section/469A) (as inserted by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(1)(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/1/3)); [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [ss. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1999/20/section/6/2/c), [16(1)(4)(c)(5)](https://www.legislation.gov.uk/ukpga/1999/20/section/16/1/4/c/5); [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 43](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/43); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) (as inserted by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 43(1)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/1/3)); [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 253(4)](https://www.legislation.gov.uk/ukpga/2001/2/section/253/4), [260(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/260/5), [579](https://www.legislation.gov.uk/ukpga/2001/2/section/579), [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 118ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) (as substituted by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(1)(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/1/6)); [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 55(2)-(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/55/2)(7), 83(1)(a)(3), Sch. 26 para. 51; [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 56](https://www.legislation.gov.uk/ukpga/2003/1/section/56), [566(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/566/2), [723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) (with [s. 48(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/48/2), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))); [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 148(1)-(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/148/1), [150](https://www.legislation.gov.uk/ukpga/2003/14/section/150), [195](https://www.legislation.gov.uk/ukpga/2003/14/section/195); [The Taxation of Benefits under Government Pilot Schemes (Return to Work Credit and Employment Retention and Advancement Schemes) Order 2003 (S.I. 2003/2339)](https://www.legislation.gov.uk/uksi/2003/2339), [arts. 1](https://www.legislation.gov.uk/uksi/2003/2339/article/1), [3](https://www.legislation.gov.uk/uksi/2003/2339/article/3); [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 51](https://www.legislation.gov.uk/ukpga/2004/12/section/51), [188(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/188/7), [192(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/8/10), [205(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/205/7), [206(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/206/7), [207(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/207/7), [208(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/208/8), [215(11)](https://www.legislation.gov.uk/ukpga/2004/12/section/215/11), [227(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/227/5), [254(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/254/7), [255(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/255/3), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36)); [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23),Sch. 26 para. 36(2) (as substituted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 52(1)(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/52/1/3), [Sch. 10 para. 62](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/62)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 837C](https://www.legislation.gov.uk/ukpga/1988/1/section/837C) (as inserted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 paras. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/1), [3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 19B para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/15/2) (as inserted by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 38](https://www.legislation.gov.uk/ukpga/2004/12/schedule/38)); [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(10)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/10), [28(5)](https://www.legislation.gov.uk/ukpga/2004/20/section/28/5), [29(6)](https://www.legislation.gov.uk/ukpga/2004/20/section/29/6), [30(6)](https://www.legislation.gov.uk/ukpga/2004/20/section/30/6), [38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2), [44(5)](https://www.legislation.gov.uk/ukpga/2004/20/section/44/5), [Sch. 9 para. 37(3)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/37/3); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1); [Horserace Betting and Olympic Lottery Act 2004 (c. 25)](https://www.legislation.gov.uk/ukpga/2004/25), [ss. 4(1)](https://www.legislation.gov.uk/ukpga/2004/25/section/4/1), [5(3)(c)(4)](https://www.legislation.gov.uk/ukpga/2004/25/section/5/3/c/4); [S.I. 2011/462](https://www.legislation.gov.uk/uksi/2011/462), [art. 2](https://www.legislation.gov.uk/uksi/2011/462/article/2); [The Taxation of Benefits under Government Pilot Schemes (Working Neighbourhoods Pilot and In Work Credit) Order 2004 (S.I. 2004/575)](https://www.legislation.gov.uk/uksi/2004/575), [art. 3](https://www.legislation.gov.uk/uksi/2004/575/article/3); [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [ss. 41(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/41/4), [50](https://www.legislation.gov.uk/ukpga/2005/7/section/50), [53](https://www.legislation.gov.uk/ukpga/2005/7/section/53), [54](https://www.legislation.gov.uk/ukpga/2005/7/section/54), [56](https://www.legislation.gov.uk/ukpga/2005/7/section/56), [83(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/83/1); [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [Sch. 10 para. 34(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/34/2); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), art, 2, Sch.; [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 7(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/7/2), [8](https://www.legislation.gov.uk/ukpga/2005/22/section/8), [9](https://www.legislation.gov.uk/ukpga/2005/22/section/9); [Finance Act 1988 (c.39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 66A(2)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/66A/2/4) (as inserted by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 60(1)(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/60/1/3)); [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [reg. 4](https://www.legislation.gov.uk/uksi/2005/1907/regulation/4); [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 3](https://www.legislation.gov.uk/uksi/2005/2014/regulation/3); [The Donations to Charity by Individuals (Appropriate Declarations) (Amendment) Regulations 2005 (S.I. 2005/2790)](https://www.legislation.gov.uk/uksi/2005/2790), [regs. 6](https://www.legislation.gov.uk/uksi/2005/2790/regulation/6), [7](https://www.legislation.gov.uk/uksi/2005/2790/regulation/7); [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 4](https://www.legislation.gov.uk/uksi/2006/575/regulation/4); [Telecommunications Act 1984 (c. 12)](https://www.legislation.gov.uk/ukpga/1984/12), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1984/12/section/72/3) (as substituted by [S.I. 2006/745](https://www.legislation.gov.uk/uksi/2006/745), [art. 2](https://www.legislation.gov.uk/uksi/2006/745/article/2)); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2006 (S.I. 2006/3218)](https://www.legislation.gov.uk/uksi/2006/3218), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2006/3218/regulation/1/1/2), [2-12](https://www.legislation.gov.uk/uksi/2006/3218/regulation/2); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) (No. 2) Regulations 2006 (S.I. 2006/3389)](https://www.legislation.gov.uk/uksi/2006/3389), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2006/3389/regulation/1/1/2), [2-10](https://www.legislation.gov.uk/uksi/2006/3389/regulation/2) (as amended by [S.I. 2007/2147](https://www.legislation.gov.uk/uksi/2007/2147), [regs. 1-6](https://www.legislation.gov.uk/uksi/2007/2147/regulation/1)); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 414](https://www.legislation.gov.uk/ukpga/2007/3/section/414), [466](https://www.legislation.gov.uk/ukpga/2007/3/section/466), [467](https://www.legislation.gov.uk/ukpga/2007/3/section/467), [473(5)(6)](https://www.legislation.gov.uk/ukpga/2007/3/section/473/5/6), [474](https://www.legislation.gov.uk/ukpga/2007/3/section/474), [477](https://www.legislation.gov.uk/ukpga/2007/3/section/477), [513(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/513/4), [573](https://www.legislation.gov.uk/ukpga/2007/3/section/573), [576](https://www.legislation.gov.uk/ukpga/2007/3/section/576), [578](https://www.legislation.gov.uk/ukpga/2007/3/section/578), [586(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/586/2), [597(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/597/2), [711(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/711/2), [959](https://www.legislation.gov.uk/ukpga/2007/3/section/959), [963(4)](https://www.legislation.gov.uk/ukpga/2007/3/section/963/4), [970(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/970/1), [988-1016](https://www.legislation.gov.uk/ukpga/2007/3/section/988) (Pt. 16) (with Sch. 2); [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 61G](https://www.legislation.gov.uk/ukpga/2003/1/section/61G) (as inserted by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 25](https://www.legislation.gov.uk/ukpga/2007/11/section/25), [Sch. 3 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/3/paragraph/4)); [Consumers, Estate Agents and Redress Act 2007 (c. 17)](https://www.legislation.gov.uk/ukpga/2007/17), [Sch. 4 para. 11](https://www.legislation.gov.uk/ukpga/2007/17/schedule/4/paragraph/11); [S.I. 2007/3546](https://www.legislation.gov.uk/uksi/2007/3546), [art. 3](https://www.legislation.gov.uk/uksi/2007/3546/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2007/3546/schedule); [The Corporation Tax (Taxation of Films) (Transitional Provisions) Regulations 2007 (S.I. 2007/1050)](https://www.legislation.gov.uk/uksi/2007/1050), [regs. 1](https://www.legislation.gov.uk/uksi/2007/1050/regulation/1), [3-12](https://www.legislation.gov.uk/uksi/2007/1050/regulation/3) (as amended by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 2 para. 131](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/131) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))); [The Securitisation Companies (Application of Section 83(1) of the Finance Act 2005: Accounting Standards) Regulations 2007 (S.I. 2007/3338](https://www.legislation.gov.uk/uksi/2007/3338)), [reg. 3](https://www.legislation.gov.uk/uksi/2007/3338/regulation/3); [The Taxation of Insurance Securitisation Companies Regulations 2007 (S.I. 2007/3402)](https://www.legislation.gov.uk/uksi/2007/3402), [regs. 1](https://www.legislation.gov.uk/uksi/2007/3402/regulation/1), [6](https://www.legislation.gov.uk/uksi/2007/3402/regulation/6); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 461D(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/461D/4) (as inserted by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3)); [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 840A(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/840A/3) (as inserted by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 paras. 69](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/69), [81](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/81)); [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 3(2)(4)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/3/2/4); [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 69Z15(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z15/2), [69Z16(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z16/2), [69Z17(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z17/2) (as inserted by [S.I. 2008/705](https://www.legislation.gov.uk/uksi/2008/705), [reg. 5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5)); [The Friendly Societies (Transfers of Other Business) (Modification of the Corporation Tax Acts) Regulations 2008 (S.I. 2008/1942)](https://www.legislation.gov.uk/uksi/2008/1942), [regs. 1-7](https://www.legislation.gov.uk/uksi/2008/1942/regulation/1); [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2008 (S.I. 2008/2646)](https://www.legislation.gov.uk/uksi/2008/2646), [regs. 1](https://www.legislation.gov.uk/uksi/2008/2646/regulation/1), [2](https://www.legislation.gov.uk/uksi/2008/2646/regulation/2); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 2(4)](https://www.legislation.gov.uk/ukpga/2009/4/section/2/4), [3](https://www.legislation.gov.uk/ukpga/2009/4/section/3), [294(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/294/2), [481(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/481/2), [490(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/490/2), [509(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/509/2), [515](https://www.legislation.gov.uk/ukpga/2009/4/section/515), [516(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/516/1), [521(4)(e)(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/521/4/e/5), [539(6)](https://www.legislation.gov.uk/ukpga/2009/4/section/539/6), [540(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/540/3), [545](https://www.legislation.gov.uk/ukpga/2009/4/section/545), [550](https://www.legislation.gov.uk/ukpga/2009/4/section/550), [592(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/592/3), [593(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/593/2), [608(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/608/7), [799(1)(b)](https://www.legislation.gov.uk/ukpga/2009/4/section/799/1/b), [802(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/802/2), [855(7)(8)](https://www.legislation.gov.uk/ukpga/2009/4/section/855/7/8), [969](https://www.legislation.gov.uk/ukpga/2009/4/section/969), [1273](https://www.legislation.gov.uk/ukpga/2009/4/section/1273), [1329](https://www.legislation.gov.uk/ukpga/2009/4/section/1329) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2)); [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 230A](https://www.legislation.gov.uk/ukpga/1988/1/section/230A) (as inserted by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/100)); [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 25](https://www.legislation.gov.uk/ukpga/2009/10/section/25); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 521B(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/521B/2) (as inserted by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 4](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/4), [12-16](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)); [The Education (Student Loans) (Repayment) Regulations (Northern Ireland) 2009 (S.R. 2009/128)](https://www.legislation.gov.uk/nisr/2009/128), [regs. 1(1)](https://www.legislation.gov.uk/nisr/2009/128/regulation/1/1), [4](https://www.legislation.gov.uk/nisr/2009/128/regulation/4), [26(2)](https://www.legislation.gov.uk/nisr/2009/128/regulation/26/2); [The Education (Student Loans) (Repayment) Regulations 2009 (S.I. 2009/470)](https://www.legislation.gov.uk/uksi/2009/470), [regs. 1](https://www.legislation.gov.uk/uksi/2009/470/regulation/1), [4-7](https://www.legislation.gov.uk/uksi/2009/470/regulation/4), [31(2)](https://www.legislation.gov.uk/uksi/2009/470/regulation/31/2); [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z61](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z61) (as inserted by [S.I. 2009/2036](https://www.legislation.gov.uk/uksi/2009/2036), [reg. 24](https://www.legislation.gov.uk/uksi/2009/2036/regulation/24)); [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1/2), [4](https://www.legislation.gov.uk/uksi/2009/2971/regulation/4); [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1), [16(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/16/2), [94](https://www.legislation.gov.uk/uksi/2009/3001/regulation/94) (with [Sch. 1](https://www.legislation.gov.uk/uksi/2009/3001/schedule/1)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 128](https://www.legislation.gov.uk/ukpga/2010/4/section/128), [620](https://www.legislation.gov.uk/ukpga/2010/4/section/620), [624](https://www.legislation.gov.uk/ukpga/2010/4/section/624), [625](https://www.legislation.gov.uk/ukpga/2010/4/section/625), [778](https://www.legislation.gov.uk/ukpga/2010/4/section/778), [784](https://www.legislation.gov.uk/ukpga/2010/4/section/784), [786](https://www.legislation.gov.uk/ukpga/2010/4/section/786), [876](https://www.legislation.gov.uk/ukpga/2010/4/section/876), [950(5)](https://www.legislation.gov.uk/ukpga/2010/4/section/950/5), [996(1)(2)](https://www.legislation.gov.uk/ukpga/2010/4/section/996/1/2), [1070](https://www.legislation.gov.uk/ukpga/2010/4/section/1070), [1071](https://www.legislation.gov.uk/ukpga/2010/4/section/1071), [1166](https://www.legislation.gov.uk/ukpga/2010/4/section/1166) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2)); [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 79(2)](https://www.legislation.gov.uk/ukpga/2010/8/section/79/2), [192](https://www.legislation.gov.uk/ukpga/2010/8/section/192), [220](https://www.legislation.gov.uk/ukpga/2010/8/section/220) (with [ss. 213](https://www.legislation.gov.uk/ukpga/2010/8/section/213), [214](https://www.legislation.gov.uk/ukpga/2010/8/section/214), [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1)); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 809CZB(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/809CZB/2) (as inserted by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 5 para. 7](https://www.legislation.gov.uk/ukpga/2010/8/schedule/5/paragraph/7) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1))); [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 53(5)(7)-(10)](https://www.legislation.gov.uk/ukpga/2011/11/section/53/5/7), [Sch. 2 paras. 53(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/53/4), [54(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/54/6); [The Taxation of Equitable Life (Payments) Order 2011 (S.I. 2011/1502)](https://www.legislation.gov.uk/uksi/2011/1502), [arts. 1](https://www.legislation.gov.uk/uksi/2011/1502/article/1), [3](https://www.legislation.gov.uk/uksi/2011/1502/article/3); [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [ss. 69(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/69/b), [71(3)](https://www.legislation.gov.uk/ukpga/2012/14/section/71/3), [72](https://www.legislation.gov.uk/ukpga/2012/14/section/72), [142(1)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/142/1/b), [143(1)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/143/1/b), [144(1)](https://www.legislation.gov.uk/ukpga/2012/14/section/144/1), [148](https://www.legislation.gov.uk/ukpga/2012/14/section/148), [151](https://www.legislation.gov.uk/ukpga/2012/14/section/151), [152](https://www.legislation.gov.uk/ukpga/2012/14/section/152), [158(5)](https://www.legislation.gov.uk/ukpga/2012/14/section/158/5), [166(5)(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/166/5/6), [167(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/167/4) (with [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 793(8)](https://www.legislation.gov.uk/ukpga/2010/4/section/793/8), [812(5A)](https://www.legislation.gov.uk/ukpga/2010/4/section/812/5A) (as inserted by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 22(2)-(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/22/2)); [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 371SO(2)](https://www.legislation.gov.uk/ukpga/2010/8/section/371SO/2) (as inserted by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 20 para. 1](https://www.legislation.gov.uk/ukpga/2012/14/schedule/20/paragraph/1)); [Small Charitable Donations Act 2012 (c. 23)](https://www.legislation.gov.uk/ukpga/2012/23), [ss. 15](https://www.legislation.gov.uk/ukpga/2012/23/section/15), [21(1)](https://www.legislation.gov.uk/ukpga/2012/23/section/21/1); [The Bank Levy (Double Taxation Relief) Regulations 2012 (S.I. 2012/458)](https://www.legislation.gov.uk/uksi/2012/458), [regs. 1](https://www.legislation.gov.uk/uksi/2012/458/regulation/1), [13](https://www.legislation.gov.uk/uksi/2012/458/regulation/13); [The Bank Levy (Double Taxation Arrangements) (Federal Republic of Germany) Regulations 2012 (S.I. 2012/459)](https://www.legislation.gov.uk/uksi/2012/459), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2012/459/regulation/1/1/2), [11](https://www.legislation.gov.uk/uksi/2012/459/regulation/11); [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Pt. 11ZA](https://www.legislation.gov.uk/ukpga/2007/3/part/11ZA) (ss. 614ZA-614ZD) (as inserted by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 1](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/1), [51](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/51)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Pt. 17A](https://www.legislation.gov.uk/ukpga/2010/4/part/17A) (ss. 814A-814D) (as inserted by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 2](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/2), [51](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/51)); [The Taxation of Regulatory Capital Securities Regulations 2013 (S.I. 2013/3209)](https://www.legislation.gov.uk/uksi/2013/3209), [regs. 1](https://www.legislation.gov.uk/uksi/2013/3209/regulation/1), [3](https://www.legislation.gov.uk/uksi/2013/3209/regulation/3) (with [reg. 8](https://www.legislation.gov.uk/uksi/2013/3209/regulation/8)); [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 223(8)(9)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/223/8/9/a); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 490(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/490/2) (as substituted by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 27(3)(7)-(9)](https://www.legislation.gov.uk/ukpga/2014/26/section/27/3/7)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 329N(2)](https://www.legislation.gov.uk/ukpga/2010/4/section/329N/2) (as inserted by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 14 paras. 1](https://www.legislation.gov.uk/ukpga/2014/26/schedule/14/paragraph/1), [4](https://www.legislation.gov.uk/ukpga/2014/26/schedule/14/paragraph/4)); [Social Security Contributions and Benefits Act 1992 (c. 4)](https://www.legislation.gov.uk/ukpga/1992/4), [s. 11A(1)(3)](https://www.legislation.gov.uk/ukpga/1992/4/section/11A/1/3) (as inserted by [National Insurance Contributions Act 2015 (c. 5)](https://www.legislation.gov.uk/ukpga/2015/5), [Sch. 1 paras. 3](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/3), [35](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/35)); [Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)](https://www.legislation.gov.uk/ukpga/1992/7), [s. 11A(1)(3)](https://www.legislation.gov.uk/ukpga/1992/7/section/11A/1/3) (as inserted by [National Insurance Contributions Act 2015 (c. 5)](https://www.legislation.gov.uk/ukpga/2015/5), [Sch. 1 paras. 12](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/12), [35](https://www.legislation.gov.uk/ukpga/2015/5/schedule/1/paragraph/35)); [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [ss. 99(2)](https://www.legislation.gov.uk/ukpga/2015/11/section/99/2), [116](https://www.legislation.gov.uk/ukpga/2015/11/section/116); [Taxes Management Act 1970 (c. 9)](https://www.legislation.gov.uk/ukpga/1970/9), [ss. 12ZH](https://www.legislation.gov.uk/ukpga/1970/9/section/12ZH), [12ZI](https://www.legislation.gov.uk/ukpga/1970/9/section/12ZI), [59AB](https://www.legislation.gov.uk/ukpga/1970/9/section/59AB) (as inserted by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 paras. 43](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/43), [51](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/51), [60](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/60)); [The Education (Postgraduate Master?s Degree Loans) Regulations 2016 (S.I. 2016/606)](https://www.legislation.gov.uk/uksi/2016/606), [regs. 1](https://www.legislation.gov.uk/uksi/2016/606/regulation/1), [67(1)](https://www.legislation.gov.uk/uksi/2016/606/regulation/67/1); [The Bank Levy (Double Taxation Relief) (Single Resolution Fund Levy) Regulations 2016 (S.I. 2016/1212)](https://www.legislation.gov.uk/uksi/2016/1212), [regs. 1](https://www.legislation.gov.uk/uksi/2016/1212/regulation/1), [16](https://www.legislation.gov.uk/uksi/2016/1212/regulation/16); [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 61R](https://www.legislation.gov.uk/ukpga/2003/1/section/61R) (as inserted by [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [Sch. 1 paras. 9](https://www.legislation.gov.uk/ukpga/2017/10/schedule/1/paragraph/9), [16](https://www.legislation.gov.uk/ukpga/2017/10/schedule/1/paragraph/16)); [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [ss. 124A(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/124A/6), [124B(7)](https://www.legislation.gov.uk/ukpga/2012/14/section/124B/7), [124C(7)](https://www.legislation.gov.uk/ukpga/2012/14/section/124C/7) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 4 paras. 26](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/26), [190-192](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/190)); [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 303B(5)](https://www.legislation.gov.uk/ukpga/2010/4/section/303B/5), [303C(7)](https://www.legislation.gov.uk/ukpga/2010/4/section/303C/7), [303D(6)](https://www.legislation.gov.uk/ukpga/2010/4/section/303D/6), [321(2A)](https://www.legislation.gov.uk/ukpga/2010/4/section/321/2A) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 4 paras. 48](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/48), [52(3)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/52/3), [190-192](https://www.legislation.gov.uk/ukpga/2017/32/schedule/4/paragraph/190)); [Taxes Management Act 1970 (c. 9)](https://www.legislation.gov.uk/ukpga/1970/9), [ss. 28A(8)](https://www.legislation.gov.uk/ukpga/1970/9/section/28A/8), [28B(9)](https://www.legislation.gov.uk/ukpga/1970/9/section/28B/9) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 paras. 12(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/12/6), [13(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/13/6), [44](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/44)); [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 18 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/32/4) (as inserted by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 paras. 28(4)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/28/4), [44](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/44)) [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 3 paras. 7, 9,](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/9)[12](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/2019/1/schedule/3/paragraph/13); [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 420A(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/420A/2) (as inserted by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 20 paras. 2](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/2), [10(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/10/a), [16](https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/16)); [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 270HE](https://www.legislation.gov.uk/ukpga/2001/2/section/270HE) (as inserted by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [2](https://www.legislation.gov.uk/uksi/2019/1087/regulation/2)
[^c21566901]: Act (except ss. 201 and 684) amended (1.1.1992) by [S.I. 1991/2684](https://www.legislation.gov.uk/uksi/1991/2684), [arts. 2](https://www.legislation.gov.uk/uksi/1991/2684/article/2), [4](https://www.legislation.gov.uk/uksi/1991/2684/article/4),Sch. 1
[^c22719381]: Act: [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [Sch. 4 Pt. 1](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/part/1) to be construed as one with this Act (19.9.1994) by virtue of ss. 21, 68(4) of, and Sch. 4 para. 1(2) to, that Act); [S.I. 1999/2189](https://www.legislation.gov.uk/uksi/1999/2189), [art. 2](https://www.legislation.gov.uk/uksi/1999/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1999/2189/schedule)
[^c23369051]: Act modified (17.9.2004 with effect in accordance with reg. 1 of the modifying S.I.) by [The Overseas Life Insurance Companies Regulations 2004 (S.I. 2004/2200)](https://www.legislation.gov.uk/uksi/2004/2200), [regs. 3](https://www.legislation.gov.uk/uksi/2004/2200/regulation/3), [4](https://www.legislation.gov.uk/uksi/2004/2200/regulation/4)
[^c23369081]: Act modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 7](https://www.legislation.gov.uk/uksi/2005/2014/regulation/7)
[^c23369091]: Act modified (1.4.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 94](https://www.legislation.gov.uk/uksi/2006/964/regulation/94) (as amended by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(2)(4)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/2/4), [28](https://www.legislation.gov.uk/uksi/2008/3159/regulation/28))
[^c23369101]: Act modified (31.12.2006 with effect in accordance with reg. 1 of the modifying S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3271/regulation/1), [3-18](https://www.legislation.gov.uk/uksi/2006/3271/regulation/3) (as amended by: [S.I. 2007/2146](https://www.legislation.gov.uk/uksi/2007/2146), [regs. 1](https://www.legislation.gov.uk/uksi/2007/2146/regulation/1), [3-13](https://www.legislation.gov.uk/uksi/2007/2146/regulation/3); [S.I. 2007/3449](https://www.legislation.gov.uk/uksi/2007/3449), [regs. 1](https://www.legislation.gov.uk/uksi/2007/3449/regulation/1), [3-6](https://www.legislation.gov.uk/uksi/2007/3449/regulation/3); [S.I. 2008/1924](https://www.legislation.gov.uk/uksi/2008/1924), [regs. 1](https://www.legislation.gov.uk/uksi/2008/1924/regulation/1), [3-12](https://www.legislation.gov.uk/uksi/2008/1924/regulation/3))
[^c23369111]: Act modified (12.12.2006 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [reg. 15](https://www.legislation.gov.uk/uksi/2006/3296/regulation/15) (as amended by [S.I. 2018/143](https://www.legislation.gov.uk/uksi/2018/143), [regs. 1](https://www.legislation.gov.uk/uksi/2018/143/regulation/1), [10(1)](https://www.legislation.gov.uk/uksi/2018/143/regulation/10/1))
[^c23369121]: Act modified (with effect in accordance with Sch. 4 para. 2(2)-(4) of the modifying Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/4/paragraph/3)
[^c23369131]: Act modified (14.8.2007 with effect in accordance with reg. 1(2)(3) of the modifying S.I.) by [The Insurance Companies (Tax Exempt Business) Regulations 2007 (S.I. 2007/2145)](https://www.legislation.gov.uk/uksi/2007/2145), [regs. 3-12](https://www.legislation.gov.uk/uksi/2007/2145/regulation/3)
[^c23369141]: Act modified (21.2.2009) by [The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317)](https://www.legislation.gov.uk/uksi/2009/317), [art. 3](https://www.legislation.gov.uk/uksi/2009/317/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2009/317/schedule)
[^c23376051]: Act applied (1.4.2010 with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 853](https://www.legislation.gov.uk/ukpga/2010/4/section/853)
[^c23376061]: Act amended by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 8 para. 8(2)(4)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/8/paragraph/8/2/4)
[^c23376071]: Act amended (2006-07) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 14 para. 3(5)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/3/5)
[^c23376081]: Act applied (with modifications) (1.10.2010) by [The Employment and Support Allowance (Transitional Provisions, Housing Benefit and Council Tax Benefit) (Existing Awards) (No. 2) Regulations 2010 (S.I. 2010/1907)](https://www.legislation.gov.uk/uksi/2010/1907), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2010/1907/regulation/1/2), [16(2)(c)](https://www.legislation.gov.uk/uksi/2010/1907/regulation/16/2/c), [Sch. 2](https://www.legislation.gov.uk/uksi/2010/1907/schedule/2)
[^c23376091]: Act amended by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 15 para. 17(4)(5)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/15/paragraph/17/4/5)
[^c23333701]: Words in [s. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21819211]: [S. 5](https://www.legislation.gov.uk/ukpga/1988/1/section/5) repealed (with effect in accordance with s. 199(2) and Sch. 26 Pt. 5(23) Note 2 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21825951]: [S. 1A](https://www.legislation.gov.uk/ukpga/1988/1/section/1A) inserted (with effect in accordance with [s. 73(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/1)
[^c21825991]: [S. 1B](https://www.legislation.gov.uk/ukpga/1988/1/section/1B) inserted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/5)
[^c23333851]: [S. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 6](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568351]: [S. 8A](https://www.legislation.gov.uk/ukpga/1988/1/section/8A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 206(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/206/2)
[^c21856731]: [S. 8A](https://www.legislation.gov.uk/ukpga/1988/1/section/8A) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 138](https://www.legislation.gov.uk/ukpga/1996/8/section/138), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 24 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/10), [Sch. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41)
[^c23333181]: [S. 9](https://www.legislation.gov.uk/ukpga/1988/1/section/9) restricted (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 881](https://www.legislation.gov.uk/ukpga/2005/5/section/881), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333911]: [S. 9(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21797811]: [S. 10](https://www.legislation.gov.uk/ukpga/1988/1/section/10) repealed (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Part 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 4; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23332881]: [S. 11(1)-(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/1) substituted for s. 11(1)(2) (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/1)
[^c21797551]: [S. 12(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5A) inserted (with effect as mentioned in [Sch. 4 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/4/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/3)
[^c23332941]: [S. 12(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5B) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/3)
[^c23332981]: [S. 12(7ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7ZA) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/5)
[^c21568561]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.48](https://www.legislation.gov.uk/ukpga/1990/29/section/48), [Sch.9 para.3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/3) (in relation to transfers of business on or after 1.11.1990)
[^c21797651]: [S. 12(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7B) inserted (with effect in accordance with art. 14(4) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 14(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/14/3)
[^c23334011]: [S. 12(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7C) inserted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/3)
[^c23332901]: [S. 11AA](https://www.legislation.gov.uk/ukpga/1988/1/section/11AA) inserted (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/2)
[^c21568801]: [S. 13A](https://www.legislation.gov.uk/ukpga/1988/1/section/13A) inserted (in relation to accounting periods beginning after 31 March 1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 105(2)(3)](https://www.legislation.gov.uk/ukpga/1989/26/section/105/2/3)
[^c21827251]: [S. 13ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/13ZA) inserted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/5)
[^c21827181]: [S. 13AA](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA) inserted (with effect in accordance with [s. 28(6)(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/6/7) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/1)
[^c23333081]: [S. 13AB](https://www.legislation.gov.uk/ukpga/1988/1/section/13AB) inserted (with effect in accordance with [s. 28(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 28(1)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/1/6)
[^c21569071]: [S. 16](https://www.legislation.gov.uk/ukpga/1988/1/section/16) repealed (with effect from 6.4.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s.148, Sch.14 Pt. V
[^c22720791]: [S. 17](https://www.legislation.gov.uk/ukpga/1988/1/section/17) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/3), [Sch. 41 Pt. V(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/2), Note (with Sch. 7 paras. 33-35)
[^c23332861]: [S. 19](https://www.legislation.gov.uk/ukpga/1988/1/section/19) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/6), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23334161]: [S. 20](https://www.legislation.gov.uk/ukpga/1988/1/section/20) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 10](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/10), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21856511]: [Ss. 21-21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) for s. 21 by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/4) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c23348301]: [S. 21](https://www.legislation.gov.uk/ukpga/1988/1/section/21) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 11](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/11), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21821321]: [S. 22](https://www.legislation.gov.uk/ukpga/1988/1/section/22) repealed (with effect in accordance with s. 39(4)(5) and Sch. 29 Pt. 8(1) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/3), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c21821331]: [S. 23](https://www.legislation.gov.uk/ukpga/1988/1/section/23) repealed (with effect in accordance with s. 39(4)(5) and Sch. 29 Pt. 8(1) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/3), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c21856541]: [Ss. 21-21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) for s. 21 by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/4) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c21856581]: [S. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/5) (with [Sch. 5 paras. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76))
[^c21802491]: [S. 25](https://www.legislation.gov.uk/ukpga/1988/1/section/25) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/a); and s. 25 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/6), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 68, 73)
[^c21794351]: [S. 26](https://www.legislation.gov.uk/ukpga/1988/1/section/26) repealed (with effect as mentioned in s. 39 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/5), Note
[^c21797681]: [S. 27](https://www.legislation.gov.uk/ukpga/1988/1/section/27) repealed (with effect as mentioned in s. 39 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/5), Note
[^c21802381]: [S. 28](https://www.legislation.gov.uk/ukpga/1988/1/section/28) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/a); and s. 28 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 9](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/9), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21802421]: [S. 29](https://www.legislation.gov.uk/ukpga/1988/1/section/29) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/b); and s. 29 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/10), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21802561]: [S. 31](https://www.legislation.gov.uk/ukpga/1988/1/section/31) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(c)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/c); and s. 31 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/12), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 68, 73)
[^c23348321]: [S. 31A](https://www.legislation.gov.uk/ukpga/1988/1/section/31A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 16](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/16), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348341]: [S. 31B](https://www.legislation.gov.uk/ukpga/1988/1/section/31B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 16](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/16), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21859681]: [S. 32](https://www.legislation.gov.uk/ukpga/1988/1/section/32) repealed (with effect as mentioned in Sch. 15 para. 9(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [ss. 85](https://www.legislation.gov.uk/ukpga/1997/16/section/85), [113](https://www.legislation.gov.uk/ukpga/1997/16/section/113), [Sch. 15 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/1), [Sch. 18 Pt. 06(11)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/06/11), Note
[^c21805361]: [S. 33](https://www.legislation.gov.uk/ukpga/1988/1/section/33) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(d)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/d); and s. 33 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 13](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/13), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23351661]: [Ss. 31ZA-31ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/31ZA) inserted (with effect in accordance with [s. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 17(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/17/1); [S.I. 2008/1521](https://www.legislation.gov.uk/uksi/2008/1521), [art. 2](https://www.legislation.gov.uk/uksi/2008/1521/article/2)
[^c23348211]: [Ss. 31A](https://www.legislation.gov.uk/ukpga/1988/1/section/31A), [31B](https://www.legislation.gov.uk/ukpga/1988/1/section/31B) inserted (with effect in accordance with [s. 143(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/143/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 143(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/143/1)
[^c21569941]: [S. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21856701]: [S. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(e)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/e); and s. 33A repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/14), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21569951]: [S. 33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21856711]: [S. 33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(e)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/e); and s. 33B repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/14), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c21569931]: [Ss. 33A](https://www.legislation.gov.uk/ukpga/1988/1/section/33A), [33B](https://www.legislation.gov.uk/ukpga/1988/1/section/33B) inserted (16.7.1992 with effect in relation to rents or receipts accruing on or after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 57(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/57/1/2).
[^c21794741]: [S. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/2), (with Sch. 5 para. 73)
[^c21797751]: [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35): word in sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805391]: [S. 36](https://www.legislation.gov.uk/ukpga/1988/1/section/36): word in sidenote substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23350011]: [S. 37A](https://www.legislation.gov.uk/ukpga/1988/1/section/37A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 21](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/21) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21812971]: [S. 41](https://www.legislation.gov.uk/ukpga/1988/1/section/41) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(g)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/g); and s. 41 repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 21](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/21), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23350231]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42): words in sidenote inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23367571]: [S. 43](https://www.legislation.gov.uk/ukpga/1988/1/section/43) repealed (with effect in accordance with s. 40(3) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 40(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/40/3), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16), Note 1
[^c22720821]: Cross-heading before s. 40 substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 19](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/19), (with Sch. 5 para. 73)
[^c21853711]: [S. 42A](https://www.legislation.gov.uk/ukpga/1988/1/section/42A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 40(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/40/1)
[^c21858801]: [Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/2) heading substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/3) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21821821]: [Ss. 43A-43G](https://www.legislation.gov.uk/ukpga/1988/1/section/43A) and cross-heading inserted (with effect in accordance with [s. 110(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/110/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s.110(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/110/1)
[^c21820321]: [S. 44](https://www.legislation.gov.uk/ukpga/1988/1/section/44) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/7), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21820341]: [S. 45](https://www.legislation.gov.uk/ukpga/1988/1/section/45) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/8), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21820351]: [S. 47](https://www.legislation.gov.uk/ukpga/1988/1/section/47) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 154(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/7), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 28 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/1), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note (with s. 154(2)-(6))
[^c21820361]: [S. 48](https://www.legislation.gov.uk/ukpga/1988/1/section/48) repealed (with effect in accordance with Sch. 7 para. 32 and Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/9), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23353441]: [S. 49(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/1) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(a)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/a) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353461]: Words in [s. 49(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/2) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(b)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/b) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21825931]: [S. 49(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/3) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/10) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23353481]: [S. 49(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/49/4) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(2)(c)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/2/c) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21821591]: [S. 51A](https://www.legislation.gov.uk/ukpga/1988/1/section/51A) repealed (with effect in accordance with s. 37(8) and Sch. 8 Pt. 2(13) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 37(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/5), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/13)
[^c22720841]: [S. 51B](https://www.legislation.gov.uk/ukpga/1988/1/section/51B) repealed (with effect in accordance with s. 37(3) of the repealing Act and [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619)) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 37(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/3), Note
[^c21853451]: [S. 52](https://www.legislation.gov.uk/ukpga/1988/1/section/52) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/12), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21821761]: [S. 51AA](https://www.legislation.gov.uk/ukpga/1988/1/section/51AA) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 155](https://www.legislation.gov.uk/ukpga/1996/8/section/155)
[^c21821341]: [S. 51A](https://www.legislation.gov.uk/ukpga/1988/1/section/51A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 77](https://www.legislation.gov.uk/ukpga/1995/4/section/77)
[^c21821641]: [S. 51B](https://www.legislation.gov.uk/ukpga/1988/1/section/51B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/78/1)
[^c21858881]: [Pt. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/3) heading substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/32) of the amending Act) by Finance Act 1996, s. 79, Sch. 7 para. 6 (with Sch. 7 paras. 33-35)
[^c21570721]: [S. 54](https://www.legislation.gov.uk/ukpga/1988/1/section/54) repealed (15.3.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 5](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/5), Note 2
[^c21570891]: SOURCE-1973 s. 26(1)
[^c21570901]: SOURCE-1974 s. 30(1)
[^c23354491]: [S. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) modified (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458](https://www.legislation.gov.uk/ukpga/2002/29/section/458), [Sch. 10 para. 6](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/6) (with [Sch. 10 para. 10](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/10)); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3-7](https://www.legislation.gov.uk/uksi/2003/120/article/3) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21570921]: SOURCE-1973 s. 26(1); 1974 s. 30(1)
[^c23358071]: Word in [s. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570931]: SOURCE-1973 s. 26(1)(a)(b); 1975 (No. 2) s. 50(1)
[^c23358131]: Words in [s. 56(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358171]: Word in [s. 56(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570941]: [S. 56(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/2)
[^c21861011]: [S. 56(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/3A) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 141](https://www.legislation.gov.uk/ukpga/2002/23/section/141), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c21833011]: [S. 56(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/4A/4B) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 104](https://www.legislation.gov.uk/ukpga/1996/8/section/104), [Sch. 14 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/6) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21570961]: SOURCE-1973 s. 26(4); 1974 s. 30(2), (1); 1968 s. 55(3); 1979(C) Sch. 7
[^c21570971]: Words in [s. 56(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/3) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21570981]: [S. 56A](https://www.legislation.gov.uk/ukpga/1988/1/section/56A) inserted (with application in relation to arrangements made after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6).
[^c21833031]: [S. 57](https://www.legislation.gov.uk/ukpga/1988/1/section/57) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c23354511]: [S. 58](https://www.legislation.gov.uk/ukpga/1988/1/section/58) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 8](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/8), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23358211]: [S. 59(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/1/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358261]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358281]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358291]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358301]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358311]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358321]: [Ss. 60-63A](https://www.legislation.gov.uk/ukpga/1988/1/section/60) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/36), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21825631]: [S. 62A](https://www.legislation.gov.uk/ukpga/1988/1/section/62A) inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 203](https://www.legislation.gov.uk/ukpga/1994/9/section/203) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c21825691]: [S. 63A](https://www.legislation.gov.uk/ukpga/1988/1/section/63A) inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 205](https://www.legislation.gov.uk/ukpga/1994/9/section/205) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c23358331]: [S. 64](https://www.legislation.gov.uk/ukpga/1988/1/section/64) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 37](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/37), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358341]: [S. 65](https://www.legislation.gov.uk/ukpga/1988/1/section/65) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/38), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358351]: [S. 65A](https://www.legislation.gov.uk/ukpga/1988/1/section/65A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/39), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21825861]: [S. 66](https://www.legislation.gov.uk/ukpga/1988/1/section/66) repealed (with effect in accordance with s. 218(1) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 207(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/207/4), [258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20)
[^c21825871]: [S. 67](https://www.legislation.gov.uk/ukpga/1988/1/section/67) repealed (with effect in accordance with s. 218(1) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 207(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/207/4), [258](https://www.legislation.gov.uk/ukpga/1994/9/section/258), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20)
[^c23358361]: [S. 68](https://www.legislation.gov.uk/ukpga/1988/1/section/68) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/40), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358371]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358381]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358391]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/41), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827571]: [S. 65A](https://www.legislation.gov.uk/ukpga/1988/1/section/65A) inserted (with effect in accordance with [s. 41(5)-(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/2)
[^c23354551]: [Ss. 68A-68C](https://www.legislation.gov.uk/ukpga/1988/1/section/68A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/10) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23358421]: [S. 69](https://www.legislation.gov.uk/ukpga/1988/1/section/69) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/42), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853521]: [S. 70A](https://www.legislation.gov.uk/ukpga/1988/1/section/70A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/25) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23358431]: [S. 71](https://www.legislation.gov.uk/ukpga/1988/1/section/71) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/43), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827631]: [S. 73](https://www.legislation.gov.uk/ukpga/1988/1/section/73) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 115(09)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/09), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c23356451]: [S. 75A](https://www.legislation.gov.uk/ukpga/1988/1/section/75A) inserted (with effect in accordance with ss. 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 39](https://www.legislation.gov.uk/ukpga/2004/12/section/39)
[^c23356471]: [S. 75B](https://www.legislation.gov.uk/ukpga/1988/1/section/75B) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 45(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/1) (with [s. 45(2)(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/2/3))
[^c23393711]: [S. 76ZD](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZD) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 34](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/34) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393731]: [S. 76ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZE) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 35](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/35) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393751]: [S. 76ZG](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZG) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 37](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/37) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393771]: [S. 76ZH](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZH) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/38) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393791]: [S. 76ZI](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZI) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/39) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393811]: [S. 76ZJ](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZJ) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/40) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393831]: [S. 76ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZM) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/43) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418101]: [S. 76ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZN) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/44) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23404441]: [S. 76ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZO) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 45](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/45) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21848981]: [S. 95](https://www.legislation.gov.uk/ukpga/1988/1/section/95) sidenote substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(9)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/9)
[^c23385091]: [S. 95ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/95ZA) inserted (with effect in accordance with [Sch. 17 para. 16(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/16/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 17 para. 16(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/16/1)
[^c23358691]: [S. 95A](https://www.legislation.gov.uk/ukpga/1988/1/section/95A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 75](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/75), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358711]: [S. 96](https://www.legislation.gov.uk/ukpga/1988/1/section/96) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 76](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/76), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853681]: [S. 98](https://www.legislation.gov.uk/ukpga/1988/1/section/98) substituted (17.3.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 41(1)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/1/3) (with [s. 41(4)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/4))
[^c21860731]: [S. 95A](https://www.legislation.gov.uk/ukpga/1988/1/section/95A) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 71(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/71/1)
[^c23393581]: [S. 76ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZA) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 31](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/31) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393601]: [S. 76ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZB) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 32](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/32) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393621]: [S. 76ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZC) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 33](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/33) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393641]: [S. 76ZF](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZF) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/36) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418091]: [S. 76ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZK) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/41) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23393691]: [S. 76ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZL) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/42) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21853821]: Words in [s. 104](https://www.legislation.gov.uk/ukpga/1988/1/section/104) sidenote repealed (with effect in accordance with Sch. 27 Pt. 3(6) Note of the repealing act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23359051]: [S. 107](https://www.legislation.gov.uk/ukpga/1988/1/section/107) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 86](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/86), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359071]: [S. 108](https://www.legislation.gov.uk/ukpga/1988/1/section/108) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 87](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/87), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359081]: [S. 109](https://www.legislation.gov.uk/ukpga/1988/1/section/109) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 88](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/88), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359171]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/91), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23423311]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/91), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852201]: Words in [Pt. 4 Ch. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/6) heading repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c21829351]: [S. 109A](https://www.legislation.gov.uk/ukpga/1988/1/section/109A) and preceding cross-heading inserted (with effect in accordance with [s. 90(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/1)
[^c21829571]: [S. 110A](https://www.legislation.gov.uk/ukpga/1988/1/section/110A) and preceding cross-heading inserted (with effect in accordance with [s. 124(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/124/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 124(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/124/1)
[^c21821431]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) substituted (with effect in accordance with s. 215(4)(5) of the 1994 amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/1) (as amended (retrospectively) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 117(1)(a)(2)(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/117/1/a/2/4)) (with Sch. 20)
[^c23359181]: [S. 111(2)-(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/111/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 92(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/92/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359311]: [S. 112](https://www.legislation.gov.uk/ukpga/1988/1/section/112) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 93](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/93), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359331]: [S. 113](https://www.legislation.gov.uk/ukpga/1988/1/section/113) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 94](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/94), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860551]: [Ss. 118ZA-118ZD](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) and preceding cross-heading inserted (6.4.2001) by [Limited Liability Partnerships Act 2000 (c. 12)](https://www.legislation.gov.uk/ukpga/2000/12), [ss. 10(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/10/1), [19(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/19/1); [S.I. 2000/3316](https://www.legislation.gov.uk/uksi/2000/3316), [art. 2](https://www.legislation.gov.uk/uksi/2000/3316/article/2)
[^c23356701]: [Ss. 118ZE-118ZK](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE) and preceding cross-heading inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/1)
[^c23356721]: [Ss. 118ZL](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL), [118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) and preceding cross-heading inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 125](https://www.legislation.gov.uk/ukpga/2004/12/section/125)
[^c23357871]: [Ss. 118ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZN), [118ZO](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZO) and preceding cross-heading inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(1)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/1/5)
[^c23472581]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472601]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472611]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472621]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472631]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472641]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472651]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472661]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472671]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472681]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472691]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23472701]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/1), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c21835151]: [S. 123](https://www.legislation.gov.uk/ukpga/1988/1/section/123) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/13), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21858771]: [S. 124](https://www.legislation.gov.uk/ukpga/1988/1/section/124) repealed (with effect in accordance with s. 111(6)(b) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/2), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 2
[^c23357911]: [S. 125](https://www.legislation.gov.uk/ukpga/1988/1/section/125) title substituted (retrospective to 2.12.2004) by virtue of [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/3)
[^c21846551]: [Ss. 126](https://www.legislation.gov.uk/ukpga/1988/1/section/126), [126A](https://www.legislation.gov.uk/ukpga/1988/1/section/126A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(3), Note
[^c21846561]: [Ss. 126](https://www.legislation.gov.uk/ukpga/1988/1/section/126), [126A](https://www.legislation.gov.uk/ukpga/1988/1/section/126A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(3), Note
[^c23359451]: [S. 127](https://www.legislation.gov.uk/ukpga/1988/1/section/127) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 108](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/108), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359471]: [S. 127A](https://www.legislation.gov.uk/ukpga/1988/1/section/127A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 109](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/109), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359481]: [S. 128(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/128/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 110](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/110), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21861331]: [S. 128(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/128/2) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21847681]: [Ss. 129](https://www.legislation.gov.uk/ukpga/1988/1/section/129), [129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) repealed (with effect in accordance with Sch. 10 para. 7(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21847691]: [Ss. 129](https://www.legislation.gov.uk/ukpga/1988/1/section/129), [129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) repealed (with effect in accordance with Sch. 10 para. 7(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21847701]: Word in [s. 129B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/3) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/2/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21847721]: [S. 129B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/129B/4) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/2/2); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21574461]: Source—1970 s.304(5); 1980 Sch.11
[^c23356741]: [S. 130](https://www.legislation.gov.uk/ukpga/1988/1/section/130): definition of "company with investment business" inserted (with effect in accordance with ss. 38(5), 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/3)
[^c21574471]: [1985 c. 58](https://www.legislation.gov.uk/ukpga/1985/58).
[^c21847621]: [S. 127A](https://www.legislation.gov.uk/ukpga/1988/1/section/127A) inserted (with effect in accordance with [s. 80(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/1)
[^c21832811]: [S. 129A](https://www.legislation.gov.uk/ukpga/1988/1/section/129A) inserted (with application in accordance with [s. 85(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/1)
[^c21846631]: [S. 129B](https://www.legislation.gov.uk/ukpga/1988/1/section/129B) inserted (with effect in accordance with [s. 157(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/157/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 157(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/157/1)
[^c21832911]: [Pt. 4 Ch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/part/4/chapter/7A) (ss. 118A-118K) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 29 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/29/paragraph/1)
[^c23390551]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390571]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390581]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390591]: [Ss. 131-134](https://www.legislation.gov.uk/ukpga/1988/1/section/131) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 14](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/14), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390601]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390611]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390621]: [Ss. 135-137](https://www.legislation.gov.uk/ukpga/1988/1/section/135) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/15), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390711]: [S. 140](https://www.legislation.gov.uk/ukpga/1988/1/section/140) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 17](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/17), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390631]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390641]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390651]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390661]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390671]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390681]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390691]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390701]: [Ss. 140A-140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/18), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22206561]: [Ss. 140A-140C](https://www.legislation.gov.uk/ukpga/1988/1/section/140A) inserted (with application in accordance with [s. 50(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/50/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 50(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/50/1)
[^c22206591]: [Ss. 140D-140F](https://www.legislation.gov.uk/ukpga/1988/1/section/140D) inserted (with application in accordance with [s. 51(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/51/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 51(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/51/1)
[^c22206621]: [S. 140G](https://www.legislation.gov.uk/ukpga/1988/1/section/140G) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/52/1)
[^c22206641]: [S. 140H](https://www.legislation.gov.uk/ukpga/1988/1/section/140H) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 53](https://www.legislation.gov.uk/ukpga/1998/36/section/53)
[^c23390721]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390731]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390741]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390751]: [Ss. 141-144](https://www.legislation.gov.uk/ukpga/1988/1/section/141) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 19](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/19), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390761]: [S. 144A](https://www.legislation.gov.uk/ukpga/1988/1/section/144A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 20](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/20), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21880731]: [S. 144A](https://www.legislation.gov.uk/ukpga/1988/1/section/144A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 132](https://www.legislation.gov.uk/ukpga/1994/9/section/132)
[^c23390771]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390781]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390791]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390801]: [Ss. 145-147](https://www.legislation.gov.uk/ukpga/1988/1/section/145) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/21), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22171441]: [S. 146A](https://www.legislation.gov.uk/ukpga/1988/1/section/146A) inserted (with application in accordance with [s. 106(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/106/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 106(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/106/2)
[^c23390821]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390831]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390841]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390861]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390851]: [Ss. 148-151A](https://www.legislation.gov.uk/ukpga/1988/1/section/148) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/22), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392071]: [S. 152](https://www.legislation.gov.uk/ukpga/1988/1/section/152) sidenote substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/23) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22198641]: [S. 151A](https://www.legislation.gov.uk/ukpga/1988/1/section/151A) inserted (2.9.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)(4)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2/4), [Sch. 2 para. 12](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/12); [S.I. 1996/2208](https://www.legislation.gov.uk/uksi/1996/2208), [art. 2(a)](https://www.legislation.gov.uk/uksi/1996/2208/article/2/a)
[^c23390871]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390891]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390901]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390911]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390921]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390931]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21576141]: [S. 155A](https://www.legislation.gov.uk/ukpga/1988/1/section/155A) inserted (1990-91 and subsequent years of assessment) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 21(1)(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/21/1/3)
[^c23390941]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390951]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390961]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390971]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390981]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390991]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391001]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577131]: [Ss. 159AA](https://www.legislation.gov.uk/ukpga/1988/1/section/159AA), [159AB](https://www.legislation.gov.uk/ukpga/1988/1/section/159AB) inserted after s. 159 (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/4), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23391011]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577141]: [Ss. 159AA](https://www.legislation.gov.uk/ukpga/1988/1/section/159AA), [159AB](https://www.legislation.gov.uk/ukpga/1988/1/section/159AB) inserted after s. 159 (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/4), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23391021]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21577241]: [S. 159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/159AC) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 74(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/74/1/3)
[^c23391031]: [Ss. 153-159AC](https://www.legislation.gov.uk/ukpga/1988/1/section/153) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23443291]: [S. 159A](https://www.legislation.gov.uk/ukpga/1988/1/section/159A) inserted (1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 30(2)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/30/2/3)
[^c22222721]: [S. 159A](https://www.legislation.gov.uk/ukpga/1988/1/section/159A) repealed (with effect in accordance with s. 44(6) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [ss. 44(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/2), [139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/9), Note
[^c23391051]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391061]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391071]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391081]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391091]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391101]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391111]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391121]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22226231]: [S. 155ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/155ZA) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/2/1)
[^c22226281]: [S. 155ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/155ZB) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 3(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/3/1)
[^c22222681]: [S. 155AA](https://www.legislation.gov.uk/ukpga/1988/1/section/155AA) inserted (with effect in accordance with [s. 44(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 44(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/44/1)
[^c22223051]: [S. 156A](https://www.legislation.gov.uk/ukpga/1988/1/section/156A) inserted (with application in accordance with [s. 45(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/45/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 45(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/45/1)
[^c21881581]: [S. 157A](https://www.legislation.gov.uk/ukpga/1988/1/section/157A) inserted (with effect in accordance with [s. 43(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/43/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 43(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/43/1)
[^c22226321]: [S. 161A](https://www.legislation.gov.uk/ukpga/1988/1/section/161A) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 4(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/4/1)
[^c22226401]: [S. 161B](https://www.legislation.gov.uk/ukpga/1988/1/section/161B) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/5/1)
[^c23391131]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391141]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391151]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578161]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391161]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391171]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391181]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578171]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391191]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578181]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391201]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578191]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391211]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578201]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391221]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578211]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391231]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21578221]: [Ss. 168A-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/168A) inserted (with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/4), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c23391241]: [Ss. 160-168G](https://www.legislation.gov.uk/ukpga/1988/1/section/160) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/24), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21881681]: [S. 168AA](https://www.legislation.gov.uk/ukpga/1988/1/section/168AA) inserted (with effect in accordance with [s. 44(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/44/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 44(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/44/2)
[^c22208041]: [S. 168AB](https://www.legislation.gov.uk/ukpga/1988/1/section/168AB) inserted (with effect in accordance with [s. 60(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/60/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/60/3)
[^c21575751]: [Pt. 5 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/5/chapter/2) heading substituted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 53(2)(a)](https://www.legislation.gov.uk/ukpga/1989/26/section/53/2/a)
[^c22204861]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204871]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204891]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204901]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204921]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204931]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204941]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204951]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204961]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c21578611]: [Ss. 177A](https://www.legislation.gov.uk/ukpga/1988/1/section/177A), [177B](https://www.legislation.gov.uk/ukpga/1988/1/section/177B) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/3)
[^c22204971]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204981]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22204991]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205011]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205021]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205031]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205041]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205061]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c22205071]: [Ss. 169-184](https://www.legislation.gov.uk/ukpga/1988/1/section/169) (Pt. 5 Ch. 3) repealed (with effect in accordance with s. 61(2)(3) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3), Note 1 (with saving in Note 2; and Ch. 3 modified, as so saved, by s. 61(1) of the repealing Act)
[^c23391251]: [S. 185](https://www.legislation.gov.uk/ukpga/1988/1/section/185) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 25](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/25), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22180871]: [S. 186](https://www.legislation.gov.uk/ukpga/1988/1/section/186) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 115(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/115/1), [116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c23392841]: [S. 186](https://www.legislation.gov.uk/ukpga/1988/1/section/186) continued (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579481]: Source—1978 s.53(1)
[^c22225891]: Words in [s. 186(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/1) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 49(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/49/3)
[^c21579491]: Source—1978 s.53(3)
[^c21579501]: Words in [s. 186(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/2/b) substituted (in respect of acquisitions of shares on or after 26.10.1987) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 89](https://www.legislation.gov.uk/ukpga/1988/39/section/89)
[^c21579511]: Source—1978 s.56(1); 1982 s.42(1)
[^c23392681]: Words in [s. 186(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(2)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/2/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392701]: Words in [s. 186(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/3) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(2)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/2/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579521]: Source—1978 s.55(1)
[^c23392781]: Words in [s. 186(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/3/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392801]: Words in [s. 186(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/4) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579531]: Source—1978 s.55(2)-(4)
[^c23392821]: Words in [s. 186(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/5/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 26(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/26/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579541]: Source—1978 s.55(5), (9)
[^c21579551]: Source—1978 s.55(7), (8)
[^c22194331]: [S. 186(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/10/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 11(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/11/a)
[^c22194351]: Words in [s. 186(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/10/c) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 11(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/11/b)
[^c21579561]: Source—1978 s.53(6)
[^c21579571]: Source—1978 s.56(6); 1980 s.46(6); 1982 s.42(2); 1985 s.45(4)
[^c22181271]: Words in [s. 186(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/12) substituted (with effect in accordance with [s. 118(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 118(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/1/a)
[^c22181311]: Words in [s. 186(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/186/12) substituted (with effect in accordance with [s. 118(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 118(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/118/1/b)
[^c22180881]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 115(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/115/1), [116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c22181531]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114](https://www.legislation.gov.uk/ukpga/1996/8/section/114), [Sch. 16 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/5/1)
[^c23450551]: [S. 187](https://www.legislation.gov.uk/ukpga/1988/1/section/187) continued so far as relating to APS schemes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23450491]: [S. 187(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/1)(6)(7) repealed (except so far as relating to profit sharing schemes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 27](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/27), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21579891]: Source—1978 ss.53(2), 54(2), (4)(b), 6, 56(1), 57(1), (4), 61(1), Sch.9 1, 16; 1980 s.46(4), Sch.10 5(b), 8, 26(1); 1982 s.40(8); 1983 s.25(1); 1984 Sch.10 15(1), (2); 1985 s.45(2)
[^c21579901]: Words in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(13)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/13) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22162681]: [S. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2): definition of "pensionable age" repealed (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [ss. 126](https://www.legislation.gov.uk/ukpga/1995/26/section/126), [177](https://www.legislation.gov.uk/ukpga/1995/26/section/177), [180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(a)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/a), [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/1995/26/schedule/7/part/2)
[^c22180981]: Word in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (with effect in accordance with [s. 116(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/1)
[^c21579931]: Words in [s. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2) substituted (for the year 1991-92 and subsequent years of assessment) by virtue of [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 41(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/41/1/2)
[^c21579941]: [S. 187(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/2): definition of "specified age" inserted by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/4)
[^c21579951]: Source—1970 s.285(6); 1978 Sch.9 11(3)(b); 1980 Sch.10 26(2); 1984 Sch.10 4(4)
[^c21579961]: Words in [s. 187(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/3) substituted (in relation to accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/9)
[^c21579981]: Source—1987 s.33(2)
[^c21579991]: Source—1978 s.61(4); 1983 s.25(2)
[^c21580001]: Source—1978 Sch.9 16; 1980 Sch.10 26(4); 1984 Sch.10 15(3)
[^c21580011]: Source—1978 Sch.9 17; 1980 Sch.10 26(5); 1984 Sch.10 15(4); 1986 s.23(5)
[^c21580021]: Source—1978 s.55(6)
[^c22181261]: [S. 187(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/187/8/b) and preceding word repealed (with effect in accordance with s. 117(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 117(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/117/2), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 1
[^c21580031]: Source—1978 s.61(2)
[^c21580041]: Source—1978 Sch.9 18; 1986 s.24(1)
[^c21580061]: [1969 c. 24](https://www.legislation.gov.uk/ukpga/1969/24). (N.I.).
[^c23391271]: [S. 187A](https://www.legislation.gov.uk/ukpga/1988/1/section/187A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22217541]: [S. 188](https://www.legislation.gov.uk/ukpga/1988/1/section/188) repealed (with application in accordance with s. 58(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/9), Note
[^c23391281]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391291]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391301]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580261]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391311]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580271]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391321]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580251]: [Ss. 191A](https://www.legislation.gov.uk/ukpga/1988/1/section/191A), [191B](https://www.legislation.gov.uk/ukpga/1988/1/section/191B) and preceding cross-heading inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/1)
[^c23391331]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391341]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391351]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391361]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391371]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391381]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391391]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580471]: [S. 197A](https://www.legislation.gov.uk/ukpga/1988/1/section/197A) inserted (1988-89 and subsequent years of assessment) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 46(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/46/4)
[^c23391401]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391411]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391421]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391431]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22210541]: [S. 192A](https://www.legislation.gov.uk/ukpga/1988/1/section/192A) inserted (with effect in accordance with [s. 63(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/2) (with [s. 63(6)(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/6/7))
[^c22223731]: [Ss. 197AA](https://www.legislation.gov.uk/ukpga/1988/1/section/197AA), [197AB](https://www.legislation.gov.uk/ukpga/1988/1/section/197AB) inserted (with effect in accordance with [s. 48(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/48/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 48(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/48/1)
[^c22223961]: [S. 197AC](https://www.legislation.gov.uk/ukpga/1988/1/section/197AC) inserted (with effect in accordance with [s. 50(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/50/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 50(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/50/1)
[^c23391441]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391451]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391461]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391471]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391481]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22246071]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246081]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246091]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246101]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22246111]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) repealed (with effect in accordance with Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c23451201]: [Ss. 197B-197F](https://www.legislation.gov.uk/ukpga/1988/1/section/197B) and preceding cross-heading inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 23](https://www.legislation.gov.uk/ukpga/1990/29/section/23), [Sch. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/4)
[^c23391541]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580511]: [S. 197G](https://www.legislation.gov.uk/ukpga/1988/1/section/197G) and preceding cross-heading inserted (27.7.1993 with application for the year 1993-94 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 75(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/75/1/2)
[^c23391551]: [Ss. 189-198](https://www.legislation.gov.uk/ukpga/1988/1/section/189) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22217641]: [S. 198A](https://www.legislation.gov.uk/ukpga/1988/1/section/198A) repealed (with effect in accordance with Sch. 27 Pt. 3(10) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/10)
[^c23391561]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391571]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391581]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391591]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391601]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391611]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391621]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391631]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391641]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391651]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391661]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391671]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391681]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391691]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391701]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21580621]: [S. 201A](https://www.legislation.gov.uk/ukpga/1988/1/section/201A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 77](https://www.legislation.gov.uk/ukpga/1990/29/section/77)
[^c23391711]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391721]: [Ss. 199-202](https://www.legislation.gov.uk/ukpga/1988/1/section/199) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 28(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/28/c), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22201701]: [S. 198A](https://www.legislation.gov.uk/ukpga/1988/1/section/198A) inserted (with effect in accordance with [s. 62(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/62/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/62/2)
[^c22225281]: [S. 200ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/200ZA) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/1), [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/2/1)
[^c22172491]: [S. 200AA](https://www.legislation.gov.uk/ukpga/1988/1/section/200AA) inserted (with effect in accordance with [s. 108(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/108/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 108(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/108/1)
[^c21881991]: [S. 200A](https://www.legislation.gov.uk/ukpga/1988/1/section/200A) inserted (with effect in accordance with [s. 93(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/93/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 93(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/93/4)
[^c22202021]: [Ss. 200B-200D](https://www.legislation.gov.uk/ukpga/1988/1/section/200B) inserted (with application in accordance with [s. 63(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/63/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 63(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/63/1)
[^c22226151]: [Ss. 200E-200H](https://www.legislation.gov.uk/ukpga/1988/1/section/200E), [200J](https://www.legislation.gov.uk/ukpga/1988/1/section/200J) inserted (with application in accordance with [s. 58(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/58/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 58(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/58/1)
[^c21881771]: [S. 201AA](https://www.legislation.gov.uk/ukpga/1988/1/section/201AA) inserted (with effect in accordance with [s. 91(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/91/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/91/1)
[^c22225981]: [S. 187A](https://www.legislation.gov.uk/ukpga/1988/1/section/187A) and preceding cross-heading inserted (with application in accordance with [s. 56(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/56/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/56/1)
[^c22243601]: [Ss. 197AD-197AH](https://www.legislation.gov.uk/ukpga/1988/1/section/197AD) and preceding cross-heading inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/1)
[^c21580791]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 37](https://www.legislation.gov.uk/ukpga/1989/26/section/37)
[^c23391731]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 29](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/29), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391751]: [Ss. 202A](https://www.legislation.gov.uk/ukpga/1988/1/section/202A), [202B](https://www.legislation.gov.uk/ukpga/1988/1/section/202B) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 29](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/29), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391761]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21581021]: [S. 203A](https://www.legislation.gov.uk/ukpga/1988/1/section/203A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 37(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1989/26/section/37/2/4/5)
[^c23391771]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391781]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391791]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391801]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391811]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391821]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391831]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391841]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391851]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391861]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391871]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391881]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391891]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391901]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391911]: [Ss. 203-204](https://www.legislation.gov.uk/ukpga/1988/1/section/203) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 30](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/30), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391921]: [Ss. 205](https://www.legislation.gov.uk/ukpga/1988/1/section/205), [206](https://www.legislation.gov.uk/ukpga/1988/1/section/206) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 31](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/31), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391931]: [Ss. 205](https://www.legislation.gov.uk/ukpga/1988/1/section/205), [206](https://www.legislation.gov.uk/ukpga/1988/1/section/206) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 31](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/31), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391941]: [S. 206A](https://www.legislation.gov.uk/ukpga/1988/1/section/206A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 32](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/32), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23391951]: [S. 207](https://www.legislation.gov.uk/ukpga/1988/1/section/207) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 32](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/32), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21880581]: [S. 203B](https://www.legislation.gov.uk/ukpga/1988/1/section/203B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 125](https://www.legislation.gov.uk/ukpga/1994/9/section/125)
[^c21880611]: [Ss. 203C-203E](https://www.legislation.gov.uk/ukpga/1988/1/section/203C) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 126](https://www.legislation.gov.uk/ukpga/1994/9/section/126)
[^c21880631]: [S. 203F](https://www.legislation.gov.uk/ukpga/1988/1/section/203F) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 127](https://www.legislation.gov.uk/ukpga/1994/9/section/127)
[^c22212711]: [S. 203FA](https://www.legislation.gov.uk/ukpga/1988/1/section/203FA) inserted (with effect in accordance with [s. 66(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 66(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/1) (with [s. 66(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/66/3))
[^c22212731]: [S. 203FB](https://www.legislation.gov.uk/ukpga/1988/1/section/203FB) inserted (with effect in accordance with [s. 67(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/1) (with [s. 67(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/67/3))
[^c21880651]: [S. 203G](https://www.legislation.gov.uk/ukpga/1988/1/section/203G) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 128](https://www.legislation.gov.uk/ukpga/1994/9/section/128)
[^c21880671]: [S. 203H](https://www.legislation.gov.uk/ukpga/1988/1/section/203H) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 129](https://www.legislation.gov.uk/ukpga/1994/9/section/129)
[^c21880691]: [S. 203I](https://www.legislation.gov.uk/ukpga/1988/1/section/203I) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 130](https://www.legislation.gov.uk/ukpga/1994/9/section/130)
[^c21880711]: [Ss. 203J-203L](https://www.legislation.gov.uk/ukpga/1988/1/section/203J) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 131](https://www.legislation.gov.uk/ukpga/1994/9/section/131)
[^c22172581]: [S. 206A](https://www.legislation.gov.uk/ukpga/1988/1/section/206A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 110](https://www.legislation.gov.uk/ukpga/1996/8/section/110)
[^c21581121]: [S. 207A](https://www.legislation.gov.uk/ukpga/1988/1/section/207A) inserted (27.7.1993 with application in relation to the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 77(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/77/1/2/5)
[^c21891631]: [S. 207A](https://www.legislation.gov.uk/ukpga/1988/1/section/207A) repealed (with effect in accordance with s. 73 of the repealing Act) by Finance Act 1996, Sch. 41 Pt. 5(1), Note 1
[^c23397491]: [Pt. 6 Chs. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/1): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)(d)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3/d)
[^c22735901]: [Ss. 209A](https://www.legislation.gov.uk/ukpga/1988/1/section/209A), [209B](https://www.legislation.gov.uk/ukpga/1988/1/section/209B) inserted (with effect in accordance with [s. 102(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 102(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/2)
[^c23396591]: [S. 213A](https://www.legislation.gov.uk/ukpga/1988/1/section/213A) inserted (29.11.2007 with effect in accordance with reg. 3(1) of the amending S.I. (as retrospectively amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1)) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 13](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/13)
[^c23396991]: [S. 230A](https://www.legislation.gov.uk/ukpga/1988/1/section/230A) and preceding cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/100) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c22732941]: [S. 231A](https://www.legislation.gov.uk/ukpga/1988/1/section/231A) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/8), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c23395321]: [S. 232](https://www.legislation.gov.uk/ukpga/1988/1/section/232) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 117](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/117), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395341]: [S. 233](https://www.legislation.gov.uk/ukpga/1988/1/section/233) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 118](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/118), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21582241]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) inserted (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/1/4).
[^c22736001]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22736011]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22736021]: [Ss. 235-237](https://www.legislation.gov.uk/ukpga/1988/1/section/235) repealed (with effect in accordance with Sch. 4 para. 7(2), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/7/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c21892091]: [S. 231A](https://www.legislation.gov.uk/ukpga/1988/1/section/231A) inserted (with effect in accordance with [s. 19(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/19/3) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 19(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/19/2)
[^c22734831]: [S. 231AA](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA) inserted (with effect in accordance with [s. 102(9)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/9) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/1)
[^c22734851]: [S. 231AB](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB) inserted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/2)
[^c22732961]: [S. 231B](https://www.legislation.gov.uk/ukpga/1988/1/section/231B) inserted (with effect in accordance with [s. 28(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/28/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/28/1)
[^c22769611]: [S. 238](https://www.legislation.gov.uk/ukpga/1988/1/section/238) repealed (with effect in accordance with Sch. 3 para. 11(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/11/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769621]: [S. 239](https://www.legislation.gov.uk/ukpga/1988/1/section/239) repealed (with effect in accordance with Sch. 3 para. 12(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 12(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/12/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 12(3)-(6))
[^c22769631]: [S. 240](https://www.legislation.gov.uk/ukpga/1988/1/section/240) repealed (with effect in accordance with Sch. 3 para. 13(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/13/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769641]: [S. 241](https://www.legislation.gov.uk/ukpga/1988/1/section/241) repealed (with effect in accordance with Sch. 3 para. 14(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 14(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/14/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769691]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769701]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769711]: [Ss. 242-244](https://www.legislation.gov.uk/ukpga/1988/1/section/242) repealed (with effect in accordance with s. 20(1)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 20(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/20/5), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22769651]: [S. 245](https://www.legislation.gov.uk/ukpga/1988/1/section/245) repealed (with effect in accordance with Sch. 3 para. 15(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 15(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/15/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583181]: [Ss. 245A](https://www.legislation.gov.uk/ukpga/1988/1/section/245A), [245B](https://www.legislation.gov.uk/ukpga/1988/1/section/245B) inserted (in relation to changes in ownership on or after 14 March 1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 98](https://www.legislation.gov.uk/ukpga/1989/26/section/98)
[^c22769661]: [S. 245A](https://www.legislation.gov.uk/ukpga/1988/1/section/245A) repealed (with effect in accordance with Sch. 3 para. 16(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 16(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/16/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769671]: [S. 245B](https://www.legislation.gov.uk/ukpga/1988/1/section/245B) repealed (with effect in accordance with Sch. 3 para. 17(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 17(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/17/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22769681]: [S. 246](https://www.legislation.gov.uk/ukpga/1988/1/section/246) repealed (with effect in accordance with Sch. 3 para. 18(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 18(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/18/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23486901]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486921]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486931]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486941]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486951]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486961]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486971]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486981]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23486991]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487001]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487011]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487021]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487031]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487041]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487051]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487061]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487071]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487081]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487091]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487101]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487111]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487121]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487131]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487141]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23487151]: [Ss. 246A-246Y](https://www.legislation.gov.uk/ukpga/1988/1/section/246A) (Pt. 6 Ch. 5A) repealed (with effect in accordance with Sch. 6 para. 3(2)-(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/3/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22735811]: [S. 247](https://www.legislation.gov.uk/ukpga/1988/1/section/247) repealed (with application in accordance with s. 85(6), Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/5), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c22735831]: [S. 248](https://www.legislation.gov.uk/ukpga/1988/1/section/248) repealed (with application in accordance with s. 85(6), Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/5), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c23487221]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487241]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487251]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23487261]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/122), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777131]: [S. 255](https://www.legislation.gov.uk/ukpga/1988/1/section/255) repealed (with effect in accordance with Sch. 3 para. 23(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 23(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/23/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23487161]: [Ss. 251A-251D](https://www.legislation.gov.uk/ukpga/1988/1/section/251A) and preceding cross-heading inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 34](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/34) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21868061]: [Pt. 6 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/5A) (ss. 246A-246Y) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/1)
[^c23398331]: [S. 257AA](https://www.legislation.gov.uk/ukpga/1988/1/section/257AA) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23408731]: Words in [s. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/5)
[^c21584501]: [Ss. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c23408771]: Words in [s. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(9)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/9)
[^c23411161]: Words in [s. 257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) heading inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/6)
[^c21584511]: [Ss. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c23411261]: Words in [s. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) sidenote substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(d)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/d)
[^c22733721]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22733731]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22733741]: [Ss. 257D-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257D) repealed (with effect in accordance with s. 32(4), Sch. 20 Pt. 3(3) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c21584921]: [S. 258](https://www.legislation.gov.uk/ukpga/1988/1/section/258) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c22734131]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734161]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734191]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c21585181]: [S. 261A](https://www.legislation.gov.uk/ukpga/1988/1/section/261A) inserted (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/6), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c22734201]: [Ss. 259-261A](https://www.legislation.gov.uk/ukpga/1988/1/section/259) repealed (with effect in accordance with s. 33(2), Sch. 20 Pt. 3(4) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/33/1), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4)
[^c22734561]: [S. 262](https://www.legislation.gov.uk/ukpga/1988/1/section/262) repealed (with effect in accordance with s. 34(2), Sch. 20 Pt. 3(5) Note 1 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 34(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/34/1), [Sch. 20 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/5) (with [s. 34(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/34/3))
[^c21585271]: [S. 263](https://www.legislation.gov.uk/ukpga/1988/1/section/263) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21585291]: [S. 264](https://www.legislation.gov.uk/ukpga/1988/1/section/264) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/25/3), [Sch.14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21585671]: Source-1970 s.19(1); 1976 Sch.4 3(1)
[^c21585681]: Source-1970 s.19(2); 1976 s.36(5), Sch.4 3(2)
[^c22749841]: [S. 266(2)(a)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/a/i/ii) substituted for s. 266(2)(a)-(iii) (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 18(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/18/2)
[^c23411401]: Words in [s. 266(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/b/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/2)
[^c21585711]: Source-1970 s.19(3)(a)
[^c21585721]: Source-1970 s.19(4)
[^c21585731]: Source-1984 s.72(1)
[^c21585741]: Source-1970 s.19(3)(b)
[^c21585751]: Source-1976 Sch.4 4(1) 5; 1978 Sch.3 2; 1980 s.29(2)(b)
[^c21585761]: Words in [s. 266(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/5/a) substituted (from 6.4.1989) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 29](https://www.legislation.gov.uk/ukpga/1988/39/section/29)
[^c21585811]: Source-1976 Sch.4 4(2)
[^c21585821]: Source-1976 Sch.4 5A; 1978 Sch.3 5
[^c21585831]: Words in [s. 266(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/9) substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 35](https://www.legislation.gov.uk/ukpga/1988/39/section/35), [Sch. 3 para. 9(a)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/9/a)
[^c23411431]: Words in [s. 266(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/9) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/3)
[^c21585841]: Source-1970 s.19(4)(a), (c); 1971 Sch.3 11
[^c21585851]: [1924 c. 27](https://www.legislation.gov.uk/ukpga/1924/27).
[^c21585861]: Source-1970 s.19(3)(i)(ii)
[^c21585871]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 35](https://www.legislation.gov.uk/ukpga/1988/39/section/35), [Sch. 3 para. 9(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/9/b)
[^c23411451]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/4/a)
[^c23411471]: Words in [s. 266(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [57(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/57/4/b)
[^c21585881]: [S. 266(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/13) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/2/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22749861]: [S. 266(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/14) added (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 18(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/18/3)
[^c22749881]: [1982 c. xiv](https://www.legislation.gov.uk/ukla/1982/14).
[^c21585951]: Source-1970 s.21(1); 1976 Sch.4 21
[^c21585961]: Source-1970 s.21(3); 1975 Sch.2 6
[^c21585991]: Source-1970 s.21(5)
[^c22749951]: Word in [s. 274(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/274/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 20](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/20)
[^c23414611]: [Ss. 256A](https://www.legislation.gov.uk/ukpga/1988/1/section/256A), [256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 28](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/28) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22732361]: [S. 257AA](https://www.legislation.gov.uk/ukpga/1988/1/section/257AA) inserted (with effect in accordance with [s. 30(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/1)
[^c23408751]: [S. 257AB](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [52](https://www.legislation.gov.uk/uksi/2005/3229/regulation/52)
[^c23403981]: [S. 266A](https://www.legislation.gov.uk/ukpga/1988/1/section/266A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 36](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/36) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21586011]: [S. 275](https://www.legislation.gov.uk/ukpga/1988/1/section/275) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part IV](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586191]: [S. 279](https://www.legislation.gov.uk/ukpga/1988/1/section/279) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 32](https://www.legislation.gov.uk/ukpga/1988/39/section/32), [148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586221]: [S. 280](https://www.legislation.gov.uk/ukpga/1988/1/section/280) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c21586251]: [S. 281](https://www.legislation.gov.uk/ukpga/1988/1/section/281) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23411661]: Words in [s. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [62(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/62/b)
[^c21586291]: [Ss. 282A](https://www.legislation.gov.uk/ukpga/1988/1/section/282A), [282B](https://www.legislation.gov.uk/ukpga/1988/1/section/282B) inserted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 34](https://www.legislation.gov.uk/ukpga/1988/39/section/34)
[^c21586341]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488151]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488161]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488171]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488181]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23488191]: [Ss. 283-288](https://www.legislation.gov.uk/ukpga/1988/1/section/283) repealed (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14)
[^c23408611]: Words in [Pt. 7 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/2) heading inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [61](https://www.legislation.gov.uk/uksi/2005/3229/regulation/61)
[^c21587501]: [S. 290A](https://www.legislation.gov.uk/ukpga/1988/1/section/290A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 51(1)(b)
[^c22754161]: [S. 290A](https://www.legislation.gov.uk/ukpga/1988/1/section/290A) repealed (with effect in accordance with s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/5), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c21588241]: [S. 299A](https://www.legislation.gov.uk/ukpga/1988/1/section/299A) inserted (27.7.1993 with application in relation to any case in which the claim for relief is made on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 111(1)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/111/1/4)
[^c23411881]: [S. 304](https://www.legislation.gov.uk/ukpga/1988/1/section/304) heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [65(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/65/c)
[^c22219051]: [S. 309](https://www.legislation.gov.uk/ukpga/1988/1/section/309) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/24), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22753131]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) heading substituted (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22753141]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22753161]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22754201]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22754221]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22784701]: [S. 299B](https://www.legislation.gov.uk/ukpga/1988/1/section/299B) inserted (with effect in accordance with [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/1)
[^c22784761]: [S. 300A](https://www.legislation.gov.uk/ukpga/1988/1/section/300A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 16](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/16)
[^c22784781]: [S. 301A](https://www.legislation.gov.uk/ukpga/1988/1/section/301A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/18)
[^c22784801]: [S. 303AA](https://www.legislation.gov.uk/ukpga/1988/1/section/303AA) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/20)
[^c22784741]: [S. 303A](https://www.legislation.gov.uk/ukpga/1988/1/section/303A) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 2(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/2/3)
[^c22784721]: [S. 304A](https://www.legislation.gov.uk/ukpga/1988/1/section/304A) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 17(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/17/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 17(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/17/1); and see also the s. 304A inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 41(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/41/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 paras. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/37), [41(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/41/1)
[^c22219151]: [S. 305A](https://www.legislation.gov.uk/ukpga/1988/1/section/305A) inserted (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/20)
[^c23398031]: [S. 313](https://www.legislation.gov.uk/ukpga/1988/1/section/313) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 39](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/39), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1)(with Sch. 7)
[^c23407871]: [S. 314](https://www.legislation.gov.uk/ukpga/1988/1/section/314) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 128](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/128), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23398051]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398061]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398071]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398081]: [Ss. 315-318](https://www.legislation.gov.uk/ukpga/1988/1/section/315) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 41](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/41), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398091]: [S. 319](https://www.legislation.gov.uk/ukpga/1988/1/section/319) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 42](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/42), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398101]: [S. 321](https://www.legislation.gov.uk/ukpga/1988/1/section/321) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 43](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/43), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23407891]: [S. 322](https://www.legislation.gov.uk/ukpga/1988/1/section/322) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 129](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/129), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407901]: [S. 324](https://www.legislation.gov.uk/ukpga/1988/1/section/324) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 130](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/130), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407911]: [S. 325](https://www.legislation.gov.uk/ukpga/1988/1/section/325) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 131](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/131), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407921]: [S. 326](https://www.legislation.gov.uk/ukpga/1988/1/section/326) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 132](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/132), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21589681]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407931]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23488641]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407941]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407951]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23488651]: [Ss. 326A-326C](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 28(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/28/1)
[^c23407961]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407971]: [Ss. 326A-326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 133](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/133), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407981]: [S. 327](https://www.legislation.gov.uk/ukpga/1988/1/section/327) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 134](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/134), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23407991]: [S. 327A](https://www.legislation.gov.uk/ukpga/1988/1/section/327A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 135](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/135), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791041]: [S. 328](https://www.legislation.gov.uk/ukpga/1988/1/section/328) repealed (with effect in accordance with s. 68(3)-(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/2), [Sch. 20 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/17), Note
[^c23408001]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408011]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408021]: [Ss. 329-329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 136](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/136), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791051]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c22791061]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c22791071]: [Ss. 329A-329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329A) repealed and superseded (29.4 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2/3), [Sch. 41 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/16) (with [s. 150(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/4))
[^c23398111]: [S. 330](https://www.legislation.gov.uk/ukpga/1988/1/section/330) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 46](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/46), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408031]: [S. 331](https://www.legislation.gov.uk/ukpga/1988/1/section/331) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 137](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/137), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408041]: [S. 331A](https://www.legislation.gov.uk/ukpga/1988/1/section/331A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 138](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/138), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23398211]: [S. 332(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/1/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 47(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/47/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408051]: [S. 332(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 139](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/139), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22791081]: [S. 332(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3A/3B) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/paragraph/10)
[^c23398241]: [S. 332(3A)(3B)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/332/3A/3B/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 47(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/47/4), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408391]: [S. 333](https://www.legislation.gov.uk/ukpga/1988/1/section/333) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 141](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/141) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408091]: [S. 333A](https://www.legislation.gov.uk/ukpga/1988/1/section/333A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 142](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/142), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22211271]: [S. 326BB](https://www.legislation.gov.uk/ukpga/1988/1/section/326BB) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/62/2)
[^c22211341]: [S. 326D](https://www.legislation.gov.uk/ukpga/1988/1/section/326D) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 63(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/63/4)
[^c23404461]: [S. 327A](https://www.legislation.gov.uk/ukpga/1988/1/section/327A) inserted (with effect in accordance with [s. 175(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/175/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 175(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/175/1)
[^c22790871]: [Ss. 329AA](https://www.legislation.gov.uk/ukpga/1988/1/section/329AA), [329AB](https://www.legislation.gov.uk/ukpga/1988/1/section/329AB) inserted (with effect in accordance with [s. 150(2)-(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 150(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/150/1), [Sch. 26](https://www.legislation.gov.uk/ukpga/1996/8/schedule/26)
[^c22790761]: [Ss. 329A](https://www.legislation.gov.uk/ukpga/1988/1/section/329A), [329B](https://www.legislation.gov.uk/ukpga/1988/1/section/329B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 142](https://www.legislation.gov.uk/ukpga/1995/4/section/142)
[^c22790851]: [S. 329C](https://www.legislation.gov.uk/ukpga/1988/1/section/329C) inserted (8.11.1995) by [Criminal Injuries Compensation Act 1995 (c. 53)](https://www.legislation.gov.uk/ukpga/1995/53), [s. 8](https://www.legislation.gov.uk/ukpga/1995/53/section/8)
[^c22790991]: [S. 331A](https://www.legislation.gov.uk/ukpga/1988/1/section/331A) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 60](https://www.legislation.gov.uk/ukpga/1999/16/section/60)
[^c22790781]: [S. 332A](https://www.legislation.gov.uk/ukpga/1988/1/section/332A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/1)
[^c22211361]: [S. 333A](https://www.legislation.gov.uk/ukpga/1988/1/section/333A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 64(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/64/1)
[^c22790951]: [S. 333B](https://www.legislation.gov.uk/ukpga/1988/1/section/333B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/77/1)
[^c23426611]: [S. 338B](https://www.legislation.gov.uk/ukpga/1988/1/section/338B) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23499091]: [S. 339A](https://www.legislation.gov.uk/ukpga/1988/1/section/339A) inserted (in relation to accounting periods ending on or after 1 October 1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 27(3)(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/27/3/4)
[^c21591041]: [S. 339A](https://www.legislation.gov.uk/ukpga/1988/1/section/339A) repealed (in relation to accounting periods beginning on or after 19.3.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 71(1)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/71/1/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 5; and s. 339A modified in its application to accounting periods beginning before 19.3.1991 and ending on or after that date by s. 71(4) of that repealing Act
[^c22754351]: [S. 340](https://www.legislation.gov.uk/ukpga/1988/1/section/340) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 17](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/17), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22754381]: [S. 341](https://www.legislation.gov.uk/ukpga/1988/1/section/341) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 17](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/17), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22737451]: [Ss. 338-338B](https://www.legislation.gov.uk/ukpga/1988/1/section/338) substituted for s. 338 (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/2)
[^c23426421]: [S. 342A](https://www.legislation.gov.uk/ukpga/1988/1/section/342A) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/3)
[^c23426871]: [S. 343ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/343ZA) inserted (with effect in accordance with [s. 89(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/89/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 89(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/89/1)
[^c23426771]: [S. 343A](https://www.legislation.gov.uk/ukpga/1988/1/section/343A) inserted (19.7.2007, the inserted subsections (2) and (3) having effect in accordance with [Sch. 6 para. 1(3)-(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/6/paragraph/1/2)
[^c21591591]: [S. 345](https://www.legislation.gov.uk/ukpga/1988/1/section/345) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21591611]: [S. 346](https://www.legislation.gov.uk/ukpga/1988/1/section/346) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21591631]: [S. 347](https://www.legislation.gov.uk/ukpga/1988/1/section/347) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c23513371]: [S. 351](https://www.legislation.gov.uk/ukpga/1988/1/section/351) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 36(6), Sch.14 Part IV, Note 5 (with s. 36(3))
[^c23428261]: [S. 349ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/349ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 149](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/149) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22742051]: [Ss. 349A-349D](https://www.legislation.gov.uk/ukpga/1988/1/section/349A) inserted (with application in accordance with [s. 85(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/85/1)
[^c22742571]: [S. 349E](https://www.legislation.gov.uk/ukpga/1988/1/section/349E) inserted (with application in accordance with [s. 96(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 96(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/1)
[^c22741721]: [S. 350A](https://www.legislation.gov.uk/ukpga/1988/1/section/350A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/4)
[^c22738711]: [S. 353](https://www.legislation.gov.uk/ukpga/1988/1/section/353) restricted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 123](https://www.legislation.gov.uk/ukpga/1995/4/section/123), [Sch. 22 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/22/paragraph/2)
[^c22740501]: [S. 353](https://www.legislation.gov.uk/ukpga/1988/1/section/353) restricted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/38/1)
[^c22737861]: [S. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/1)
[^c23428351]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 152](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/152) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22737881]: [S. 353(1A)-(1H)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/2)
[^c22738621]: [S. 353(1C)(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1C/1D) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22766321]: Words in [s. 353(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22738681]: [S. 353(1E)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1E/b) and preceding word repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c21593131]: Source-1986 s.26(1)
[^c21593141]: Source-1972 s.75(1A), (2); 1974 s.19(1)(b)
[^c22737901]: [S. 353(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/4/5) repealed (with effect in accordance with s. 81(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/3), [Sch. 26 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/2), Note
[^c22740541]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740561]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740571]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593721]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740581]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593732]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4); and s. 356B substituted (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 3 para. 14](https://www.legislation.gov.uk/ukpga/1988/39/schedule/3/paragraph/14)
[^c22740591]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21593761]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740601]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766331]: [Ss. 356A-356D](https://www.legislation.gov.uk/ukpga/1988/1/section/356A) inserted (1.8.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.42(1)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/42/1/4)
[^c22740611]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740621]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21594001]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740631]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23517651]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740641]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c23517661]: [Ss. 357A-357C](https://www.legislation.gov.uk/ukpga/1988/1/section/357A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 56](https://www.legislation.gov.uk/ukpga/1993/34/section/56)
[^c22740651]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740661]: [Ss. 354-358](https://www.legislation.gov.uk/ukpga/1988/1/section/354) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21594191]: [S. 360A](https://www.legislation.gov.uk/ukpga/1988/1/section/360A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 48(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/48/2)
[^c21594501]: Source-1974 Sch.1 24; 1984 s.22(3)
[^c22740671]: [S. 365(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1/aa) inserted (with effect in accordance with [s. 39(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 39(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/1)
[^c22740711]: Words in [s. 365(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1/d) inserted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/2)
[^c22740691]: [S. 365(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1AA) inserted (with effect in accordance with [s. 39(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 39(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/39/2)
[^c22740751]: [S. 365(1AB)-(1AD)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1AB) inserted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/3)
[^c21594511]: [S. 365(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1A/1B) inserted (27.7.1993 with effect in relation to payments of interest made on or after 16 March 1993 (whenever falling due)) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 57(3)(5)(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/57/3/5/6)
[^c22740731]: [S. 365(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/1A) substituted (with effect in accordance with [s. 40(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 40(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/40/4)
[^c22741761]: Words in [s. 365(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/3) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/1/a)
[^c22741781]: Words in [s. 365(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/365/3) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/1/b)
[^c21594531]: Source-1972 Sch.10 7; 1974 Sch.1 25(1)
[^c21594541]: Source-1972 Sch.10 8, 9
[^c22740771]: [S. 367(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21594731]: [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1988-89) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 41](https://www.legislation.gov.uk/ukpga/1988/39/section/41) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1989-90) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 46](https://www.legislation.gov.uk/ukpga/1989/26/section/46) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1990-91) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 71](https://www.legislation.gov.uk/ukpga/1990/29/section/71) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1991-92) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 26](https://www.legislation.gov.uk/ukpga/1991/31/section/26) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1992-93) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(4)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/4) (with [s. 10(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/5)) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1993-94) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 55](https://www.legislation.gov.uk/ukpga/1993/34/section/55) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1994-95, 1995-96) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 80](https://www.legislation.gov.uk/ukpga/1994/9/section/80) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1996-97) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 76](https://www.legislation.gov.uk/ukpga/1996/8/section/76) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1997-98) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 57](https://www.legislation.gov.uk/ukpga/1997/16/section/57) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1998-99) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 16](https://www.legislation.gov.uk/ukpga/1997/58/section/16) [S. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5): £30,000 specified (1999-2000) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 37](https://www.legislation.gov.uk/ukpga/1999/16/section/37)
[^c21594751]: Source-1972 Sch.9 5(1A); 1984 s.22(1)(c)
[^c22740841]: Words in [s. 367(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/5) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/4)
[^c23438171]: [S. 367A](https://www.legislation.gov.uk/ukpga/1988/1/section/367A) inserted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 2 para. 47](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/47) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c22740881]: [S. 369(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1) excluded (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 38(2)-(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/38/2)
[^c21594981]: Source-1982 s.26(1), (2)
[^c22738251]: Words in [s. 369(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/3)
[^c22740901]: [S. 369(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1A) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 4](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/4)
[^c22741801]: Words in [s. 369(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/1A) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/3)
[^c22738291]: [S. 369(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/3) substituted for s. 369(3)-(5B) (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 81(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/4)
[^c21595061]: Source-1982 s.26(7)
[^c21595071]: [S. 369(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 58(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/58/1/2)
[^c22739921]: [S. 369(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/a) substituted (with effect in accordance with [Sch. 18 para. 17(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/a)
[^c22739941]: Words in [s. 369(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/b) inserted (with effect in accordance with [Sch. 18 para. 17(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/b)
[^c22739961]: Words in [s. 369(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7/c) substituted (with effect in accordance with [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/c)
[^c22739901]: Words in [s. 369(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/7) inserted (with effect in accordance with [Sch. 18 para. 17(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/2/d)
[^c22739981]: [S. 369(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/369/8/9) inserted (with effect in accordance with [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 6(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/6/3)
[^c21595181]: Source-1982 Sch.7 2(1)-(3)
[^c22741051]: Words in [s. 370(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/1) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/2/a)
[^c22740921]: Words in [s. 370(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22738311]: Words in [s. 370(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/1/a)
[^c22740941]: Words in [s. 370(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766391]: Words in [s. 370(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/b) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/1/b)
[^c23428491]: Words in [s. 370(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 155](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/155) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22740991]: [S. 370(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/2/c) and preceding word repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741001]: [S. 370(3)(4)(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/3/4/6/7) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/4), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595261]: Source-1982 Sch.7 3(1)-(3)
[^c22741071]: Words in [s. 370(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/5) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 5(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/5/5)
[^c22738331]: [S. 370(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/6A) inserted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 10(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/10/2)
[^c22739101]: [S. 370(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/6A) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c21595301]: [S. 371](https://www.legislation.gov.uk/ukpga/1988/1/section/371) repealed (27.7.1993 with effect in relation to payments of interest made on or after 16 March 1993 (whenever falling due)) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c22741091]: [S. 372](https://www.legislation.gov.uk/ukpga/1988/1/section/372) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/6), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595331]: Source-1982 Sch.7 5(1)-(3); 1985 s.37(2)
[^c22741111]: Words in [s. 373(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/1) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741131]: [S. 370(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/370/3/4) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595421]: Source-1982 Sch.7 5(4); 1983 s.17(2); 1985 s.37(3)
[^c22741161]: Words in [s. 373(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/5) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/c), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595431]: Source-1982 Sch.7 6(1), (2)
[^c22741201]: Words in [s. 373(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/6) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/3)
[^c22741181]: Words in [s. 373(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/373/7) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 7(2)(d)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/7/2/d), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595441]: Source-1982 Sch.7 7(1)(a)-(c)
[^c22741221]: [S. 374(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/374/1/c) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/8), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595461]: Source-1982 Sch.7 7(1)(d), (4), (5)
[^c21595471]: Source-1982 Sch.7 7(2)(3)
[^c22741241]: Words in [s. 374(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/374/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/8), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740041]: Words in [s. 374A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/374A/4) repealed (with effect in accordance with Sch. 18 para. 17(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/7), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21595481]: Source-1982 Sch.7 8
[^c22739311]: [S. 375(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/2/aa) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/2)
[^c22738351]: Words in [s. 375(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/3) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 11](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/11)
[^c22739331]: [S. 375(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/4/4A) substituted for s. 375(4) (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/3)
[^c22740001]: Words in [s. 375(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/4) substituted (with effect in accordance with [Sch. 18 para. 17(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/8)
[^c21595491]: Source-1982 Sch.7 9(1)
[^c21595501]: Source-1982 Sch.7 10(1), (2)
[^c21595511]: Source-1982 Sch.7 11
[^c22739351]: [S. 375(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/8A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/4)
[^c22741301]: [S. 375(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/8B) inserted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 9(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/9/1)
[^c22741321]: [S. 375(9)(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/375/9/10) repealed (with effect in accordance with Sch. 4 para. 18(1) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/9/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 1
[^c22741261]: [S. 375A](https://www.legislation.gov.uk/ukpga/1988/1/section/375A) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 10](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/10), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595831]: Source-1982 Sch.7 13
[^c23427621]: Words in [s. 376(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 52](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/52) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22741351]: Words in [s. 376(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/3) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 11(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/11/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21595841]: Source-1982 Sch.7 14(1); 1983 s.17(3)
[^c22741981]: [S. 376(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/d) repealed (26.3.2001) by [The Postal Services Act 2000 (Consequential Modifications No. 1) Order 2001 (S.I. 2001/1149)](https://www.legislation.gov.uk/uksi/2001/1149), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/1/2), [3(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/3/2), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/1149/schedule/2)
[^c22742071]: [S. 376(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/e) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/a)
[^c21595861]: [1985 c. 50](https://www.legislation.gov.uk/ukpga/1985/50).
[^c22742091]: [S. 376(4)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/g) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/b)
[^c21595881]: [1981 c.64](https://www.legislation.gov.uk/ukpga/1981/64).
[^c21595891]: [1968 c. 16](https://www.legislation.gov.uk/ukpga/1968/16).
[^c22740371]: [S. 376(4)(ka)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/ka) substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140(2)](https://www.legislation.gov.uk/ukpga/1998/38/section/140/2), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 55](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/55); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22740411]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c22740391]: [S. 376(4)(n)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/n) repealed (1.10.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 152](https://www.legislation.gov.uk/ukpga/1998/38/section/152), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 18 Pt. 4](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/4); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 4](https://www.legislation.gov.uk/uksi/1998/2244/article/4)
[^c22742111]: [S. 376(4)(p)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4/p) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/2/c)
[^c21595911]: [S. 376(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/3/3), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22742131]: [S. 376(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/4A) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 23(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/23/3)
[^c22738411]: [S. 376(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/5) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 142(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/142/1/b), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22741371]: [S. 376(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/376/6) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 11(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/11/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22742151]: [S. 376A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/376A/1A) inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 24](https://www.legislation.gov.uk/uksi/2001/3629/article/24)
[^c22741281]: [S. 377](https://www.legislation.gov.uk/ukpga/1988/1/section/377) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 12](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/12), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21596051]: Source-1982 s.29; 1984 s.56(2)
[^c22741391]: [S. 378(1)(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/378/1/2/4) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 13(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/13/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741431]: Words in [s. 378(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/378/3) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 13(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/13/b)
[^c22742171]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): definition of "contracts of general insurance" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 25](https://www.legislation.gov.uk/uksi/2001/3629/article/25)
[^c22738471]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "prescribed" repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22741461]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "qualifying lender" repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/a), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22766421]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): words in definition of "regulations" repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22741491]: [S. 379](https://www.legislation.gov.uk/ukpga/1988/1/section/379): definition of "separated" inserted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 14(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/14/c)
[^c22739291]: [S. 374A](https://www.legislation.gov.uk/ukpga/1988/1/section/374A) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 112(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/112/1)
[^c22739391]: [S. 375A](https://www.legislation.gov.uk/ukpga/1988/1/section/375A) inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 18](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/18)
[^c22738431]: [S. 376A](https://www.legislation.gov.uk/ukpga/1988/1/section/376A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 142(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/142/2)
[^c23428671]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22747921]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) cross-heading substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 26](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/26) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23428521]: Words in cross-heading preceding s. 379A substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22747971]: [S. 379B](https://www.legislation.gov.uk/ukpga/1988/1/section/379B) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 27](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/27) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22743591]: [S. 383](https://www.legislation.gov.uk/ukpga/1988/1/section/383) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c22751071]: [S. 384A](https://www.legislation.gov.uk/ukpga/1988/1/section/384A) inserted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 30](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/30) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22744461]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) and preceding cross-heading inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 19(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/19/1)
[^c21597491]: [S. 394](https://www.legislation.gov.uk/ukpga/1988/1/section/394) repealed by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/2/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V)
[^c23448621]: [S. 393B](https://www.legislation.gov.uk/ukpga/1988/1/section/393B) inserted (with effect in accordance with [s. 111(3)](https://www.legislation.gov.uk/ukpga/2008/9/section/111/3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 111(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/111/1)
[^c21597681]: Source—1973 s.26(2); 1974 s.30(2)
[^c22747531]: [Ss. 408](https://www.legislation.gov.uk/ukpga/1988/1/section/408), [409](https://www.legislation.gov.uk/ukpga/1988/1/section/409) repealed (with effect in accordance with Sch. 7 para. 9, Sch. Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c22747551]: [Ss. 408](https://www.legislation.gov.uk/ukpga/1988/1/section/408), [409](https://www.legislation.gov.uk/ukpga/1988/1/section/409) repealed (with effect in accordance with Sch. 7 para. 9, Sch. Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c23550511]: [S. 411A](https://www.legislation.gov.uk/ukpga/1988/1/section/411A) inserted (with effect in accordance with [s. 101(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/101/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/101/1)
[^c22749731]: [S. 411A](https://www.legislation.gov.uk/ukpga/1988/1/section/411A) repealed (with effect in accordance with s. 93(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/1999/16/schedule/11/paragraph/1), [Sch. 20 Pt. 3(21)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/21), Note
[^c22749211]: [Ss. 403-403ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/403) substituted for s. 403 (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/29) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22746631]: [Ss. 403A-403C](https://www.legislation.gov.uk/ukpga/1988/1/section/403A) inserted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 2](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/2)
[^c22750091]: [Ss. 403D](https://www.legislation.gov.uk/ukpga/1988/1/section/403D), [403E](https://www.legislation.gov.uk/ukpga/1988/1/section/403E) inserted (with effect in accordance with [Sch. 27 para. 6(1)(2)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1/2/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 4](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/4)
[^c23441711]: [S. 403F](https://www.legislation.gov.uk/ukpga/1988/1/section/403F) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/4/1)
[^c23441721]: [S. 403G](https://www.legislation.gov.uk/ukpga/1988/1/section/403G) inserted (with effect in accordance with [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/9) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 1 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/4/2)
[^c23550441]: [S. 411ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/411ZA) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 124](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/124) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23553461]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553471]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553481]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553491]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553501]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553511]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553521]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553531]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c23553541]: [Pt. 11 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/11/chapter/3) (ss. 423-430) repealed (with effect in accordance with s. 103(1) of the repealing Act) by [Finance Act 1989 (c. 4)](https://www.legislation.gov.uk/ukpga/1989/4), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/4/schedule/17/part/5), Note 4 (with s. 103(2))
[^c21601071]: [S. 431A](https://www.legislation.gov.uk/ukpga/1988/1/section/431A) inserted (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/2), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22857401]: [S. 431AA](https://www.legislation.gov.uk/ukpga/1988/1/section/431AA) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c23572391]: [S. 431ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/431ZA) inserted (with effect in accordance with [Sch. 17 para. 10(6)(7)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/10/6/7) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 17 para. 10(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/17/paragraph/10/2)
[^c22769731]: [S. 431AA](https://www.legislation.gov.uk/ukpga/1988/1/section/431AA) inserted (with application in accordance with [s. 143(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/143/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 143(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/143/4)
[^c22771491]: [Ss. 431B-431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431B) and cross-heading inserted (with effect in accordance with Sch. 8 paras. 55, 57 of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/2)
[^c23595831]: [Ss. 431BA](https://www.legislation.gov.uk/ukpga/1988/1/section/431BA), [431BB](https://www.legislation.gov.uk/ukpga/1988/1/section/431BB) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/8) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c23595851]: [S. 431EA](https://www.legislation.gov.uk/ukpga/1988/1/section/431EA) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/10) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22892971]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771701]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771801]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771831]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771871]: [S. 433](https://www.legislation.gov.uk/ukpga/1988/1/section/433) repealed (14.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(5)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/5), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/2), [Sch. 17 Pt. IV](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/IV), Note 3 (with s. 84(6))
[^c22771501]: Cross-heading before s. 432 inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23600611]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600631]: [Ss. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G), [431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) and preceding cross-heading substituted for s. 432 and preceding cross-heading (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/4) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23600551]: [S. 432YA](https://www.legislation.gov.uk/ukpga/1988/1/section/432YA) inserted (8.1.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment No. 2) Order 2006 (S.I. 2006/3387)](https://www.legislation.gov.uk/uksi/2006/3387), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2006/3387/article/1/1), [2](https://www.legislation.gov.uk/uksi/2006/3387/article/2)
[^c22787921]: [S. 432ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 11(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/11/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22801421]: [Ss. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA), [432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para 39](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/39) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23600641]: [S. 432CA](https://www.legislation.gov.uk/ukpga/1988/1/section/432CA) inserted (with effect in accordance with [s. 47(2)-(4)](https://www.legislation.gov.uk/ukpga/2010/13/section/47/2) of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 47(1)](https://www.legislation.gov.uk/ukpga/2010/13/section/47/1)
[^c23600661]: [S. 432CB](https://www.legislation.gov.uk/ukpga/1988/1/section/432CB) inserted (with effect in accordance with [s. 9(2)](https://www.legislation.gov.uk/ukpga/2010/31/section/9/2) of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [s. 9(1)](https://www.legislation.gov.uk/ukpga/2010/31/section/9/1)
[^c22786571]: [S. 432F](https://www.legislation.gov.uk/ukpga/1988/1/section/432F) inserted (with effect in accordance with [Sch. 8 para. 53](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23600531]: [S. 432G](https://www.legislation.gov.uk/ukpga/1988/1/section/432G) inserted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 4](https://www.legislation.gov.uk/uksi/2004/3266/article/4)
[^c22772131]: [S. 434A](https://www.legislation.gov.uk/ukpga/1988/1/section/434A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)-(6)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/4)
[^c22789741]: [S. 434B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434B/1) repealed (with effect in accordance with s. 165(4)(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 165(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/165/3), [Sch. 41 Pt 5(25)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/25), Note (with Sch. 14 para. 24)
[^c22793981]: [S. 434B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434B/2) repealed (with effect in accordance with s. 67(7), Sch. 18 Pt. 6(6) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/4), [Sch. 18 Pt. 6(6)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/6)
[^c22801521]: [S. 434C](https://www.legislation.gov.uk/ukpga/1988/1/section/434C) repealed (with effect in accordance with Sch. 3 para. 26(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 26(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/26/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22808571]: [S. 434D](https://www.legislation.gov.uk/ukpga/1988/1/section/434D) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/39), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22808591]: [S. 434E](https://www.legislation.gov.uk/ukpga/1988/1/section/434E) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/39), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22772191]: [S. 435](https://www.legislation.gov.uk/ukpga/1988/1/section/435) repealed (with effect in accordance with s. 84(5)(b) of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/5), [Sch. 17 Pt. IV](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/IV), Note 3 (with s. 84(6))
[^c22787941]: Words in [s. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) sidenote substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22772551]: [S. 438A](https://www.legislation.gov.uk/ukpga/1988/1/section/438A) inserted (2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/49/1); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22809031]: [S. 438A](https://www.legislation.gov.uk/ukpga/1988/1/section/438A) repealed (with effect in accordance with s. 87(2)(5) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/87/1), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12)
[^c22772761]: [Ss. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [440A](https://www.legislation.gov.uk/ukpga/1988/1/section/440A) substituted for s. 440 (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 8](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/8), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22772951]: [Ss. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441), [441A](https://www.legislation.gov.uk/ukpga/1988/1/section/441A) substituted for s. 441 by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/3), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c22799931]: [S. 441A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/1) repealed (with effect in accordance with Sch. 3 para. 9(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 9(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/9/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22800001]: [S. 441A(2)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/2) repealed (with effect in accordance with Sch. 4 para. 28(2), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 28(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/28/1), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22789011]: [S. 441A(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/441A/3) substituted for s. 441A(3)-(6) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 31](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/31) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22773211]: [S. 444A](https://www.legislation.gov.uk/ukpga/1988/1/section/444A) inserted (with effect in accordance with [Sch. 9 para. 7](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/7) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/9/paragraph/4)
[^c22771511]: Cross-heading before s. 434 inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23635511]: [Ss. 434AZA-434AZC](https://www.legislation.gov.uk/ukpga/1988/1/section/434AZA) inserted (with effect in accordance with [Sch. 23 para. 3(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/23/paragraph/3/2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 23 para. 3(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/23/paragraph/3/1)
[^c22788051]: [S. 434B](https://www.legislation.gov.uk/ukpga/1988/1/section/434B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 21(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/21/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788071]: [S. 434C](https://www.legislation.gov.uk/ukpga/1988/1/section/434C) inserted (with effect in accordance with Sch. 8 paras. 54, 57(1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 22](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/22) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788091]: [Ss. 434D](https://www.legislation.gov.uk/ukpga/1988/1/section/434D), [434E](https://www.legislation.gov.uk/ukpga/1988/1/section/434E) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 23(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/23/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23633431]: [Ss. 436A](https://www.legislation.gov.uk/ukpga/1988/1/section/436A), [436B](https://www.legislation.gov.uk/ukpga/1988/1/section/436B) inserted (with effect in accordance with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/38/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 25](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/25) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^c22794081]: [S. 437A](https://www.legislation.gov.uk/ukpga/1988/1/section/437A) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/3)
[^c22808951]: [Ss. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B), [438C](https://www.legislation.gov.uk/ukpga/1988/1/section/438C) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 5](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/5)
[^c22788421]: [S. 439A](https://www.legislation.gov.uk/ukpga/1988/1/section/439A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 26](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/26) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788441]: [S. 439B](https://www.legislation.gov.uk/ukpga/1988/1/section/439B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 27(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/27/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788951]: [S. 440B](https://www.legislation.gov.uk/ukpga/1988/1/section/440B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23633451]: [S. 440C](https://www.legislation.gov.uk/ukpga/1988/1/section/440C) inserted (with effect in accordance with [s. 39(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/39/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 9](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/9) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^c23635311]: [S. 440D](https://www.legislation.gov.uk/ukpga/1988/1/section/440D) inserted (27.12.2007 with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Corporation Tax Acts) (Amendment) Order 2007 (S.I. 2007/3430)](https://www.legislation.gov.uk/uksi/2007/3430), [art. 3(2)](https://www.legislation.gov.uk/uksi/2007/3430/article/3/2)
[^c22789031]: [S. 441B](https://www.legislation.gov.uk/ukpga/1988/1/section/441B) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 32](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/32) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22789051]: [S. 442A](https://www.legislation.gov.uk/ukpga/1988/1/section/442A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 34](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/34) (with [Sch. 8 paras. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2), [57(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/2))
[^c23635331]: [Ss. 444AZA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AZA), [444AZB](https://www.legislation.gov.uk/ukpga/1988/1/section/444AZB) inserted (19.2.2008 with effect in accordance with art. 1(5) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 9](https://www.legislation.gov.uk/uksi/2008/381/article/9)
[^c23633351]: [S. 444AA](https://www.legislation.gov.uk/ukpga/1988/1/section/444AA) inserted (with effect in accordance with [Sch. 33 para. 18(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/18/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 18(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/18/1)
[^c23633371]: [S. 444AB](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) inserted (with effect in accordance with [Sch. 33 para. 19(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/19/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 19(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/19/1)
[^c23633411]: [S. 444ABA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABA) inserted (with effect in accordance with [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/3/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/3/1)
[^c23635531]: [S. 444ABAA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABAA) inserted (with effect in accordance with [s. 15(11)](https://www.legislation.gov.uk/ukpga/2010/33/section/15/11) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 15(10)](https://www.legislation.gov.uk/ukpga/2010/33/section/15/10)
[^c23633471]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23635351]: [S. 444ABBA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABBA) inserted (19.2.2008 with effect in accordance with art. 1(4) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 14](https://www.legislation.gov.uk/uksi/2008/381/article/14)
[^c23633491]: [Ss. 444AB-444ABC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB) substituted for ss. 444AB, 444ABA (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/4/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23633501]: [S. 444ABD](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABD) inserted (with effect in accordance with [Sch. 9 para. 17(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/5)
[^c23633521]: [Ss. 444AC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC), [444ACZA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACZA) substituted for s. 444AC (with effect in accordance with [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/6/1); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23694771]: [S. 444ACA](https://www.legislation.gov.uk/ukpga/1988/1/section/444ACA) inserted (with effect in accordance with [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/8/2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 8(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/8/1)
[^c23635371]: [Ss. 444AECA-444AECC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AECA) inserted (19.2.2008 with effect in accordance with art. 1(4) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [art. 22](https://www.legislation.gov.uk/uksi/2008/381/article/22)
[^c21603191]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) and cross heading inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/97/1)
[^c21603181]: [S. 444B](https://www.legislation.gov.uk/ukpga/1988/1/section/444B) and cross heading inserted (27.7.1993) by [1993 c.34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/97/1)
[^c22798771]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c22798781]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c22798791]: [Ss. 444C-444E](https://www.legislation.gov.uk/ukpga/1988/1/section/444C) repealed (with effect in accordance with Sch. 8 paras. 55, 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Notes 1, 2
[^c21603311]: [S. 445](https://www.legislation.gov.uk/ukpga/1988/1/section/445) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(a)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/a/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603401]: [S. 446(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/1) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(b)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/b/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603411]: [S. 446(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/2/3) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/7/1/b), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c21603431]: [S. 446(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/446/4) repealed by [Finance Act 1990 (c. 29, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 132](https://www.legislation.gov.uk/ukpga/1990/29/section/132), [Sch. 19 Pt. IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/IV).
[^c21603521]: [S. 447(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/447/1/2) and (4) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(c)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/c/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9), note
[^c21603541]: [S. 447(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/447/3) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 7(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/7/3), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c21603591]: [S. 448](https://www.legislation.gov.uk/ukpga/1988/1/section/448) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2)d), 213, Sch. 23 Pt.III (9), note
[^c21603611]: [S. 449](https://www.legislation.gov.uk/ukpga/1988/1/section/449) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(e)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/e),213, Sch. 23 Pt. III (9), note
[^c21603791]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12) notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21603971]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the repealing Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes. 1 and 5
[^c21604111]: SS. 450-457 repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604161]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), SCh. 23, Pt.III (12), notes 1 and 5)
[^c21604241]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604271]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604321]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c21604371]: [Ss. 450-457](https://www.legislation.gov.uk/ukpga/1988/1/section/450) repealed (27.7.1993 with effect as mentioned in Sch. 23 Pt. III (12), notes 1 and 5 of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (12), notes 1 and 5
[^c22885991]: [S. 458A](https://www.legislation.gov.uk/ukpga/1988/1/section/458A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/3)
[^c23572371]: [Ss. 444AF-444AL](https://www.legislation.gov.uk/ukpga/1988/1/section/444AF) and preceding cross-heading inserted (with effect in accordance with [Sch. 11 para. 5(2)-(14)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/5/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 11 para. 5(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/11/paragraph/5/1)
[^c22798801]: [Ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) and preceding cross-heading inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 166](https://www.legislation.gov.uk/ukpga/1996/8/section/166), [Sch. 32 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/32/paragraph/1)
[^c21605821]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605831]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605841]: [Ss. 461A-461C](https://www.legislation.gov.uk/ukpga/1988/1/section/461A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605921]: [S. 462A](https://www.legislation.gov.uk/ukpga/1988/1/section/462A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/2)
[^c21606481]: [S. 465A](https://www.legislation.gov.uk/ukpga/1988/1/section/465A) inserted (19.12.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.13](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/13), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23717841]: [S. 461D](https://www.legislation.gov.uk/ukpga/1988/1/section/461D) inserted (with effect in accordance with [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 18 para. 3(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/18/paragraph/3/1)
[^c21607411]: [S. 468AA](https://www.legislation.gov.uk/ukpga/1988/1/section/468AA) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(1)(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/1/5)
[^c22813161]: [S. 468AA](https://www.legislation.gov.uk/ukpga/1988/1/section/468AA) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 6](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/6), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c21607421]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718801]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607461]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718821]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607491]: [Ss. 468A-468C](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 78](https://www.legislation.gov.uk/ukpga/1989/26/section/78)
[^c23718841]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607511]: [S. 468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468D) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 79](https://www.legislation.gov.uk/ukpga/1989/26/section/79)
[^c23718861]: [Ss. 468A-468D](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c21607561]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22790461]: [S. 468E](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) repealed (with effect in accordance with Sch. 6 paras. 10(3), 28 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1), Note 1
[^c22790541]: [S. 468EE](https://www.legislation.gov.uk/ukpga/1988/1/section/468EE) repealed (with effect in accordance with Sch. 6 paras. 10(3), 28 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1), Note 1
[^c21607611]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22753451]: [S. 468F](https://www.legislation.gov.uk/ukpga/1988/1/section/468F) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/4), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c21607651]: [Ss. 468E-468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468E) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 51](https://www.legislation.gov.uk/ukpga/1990/29/section/51)
[^c22753471]: [S. 468G](https://www.legislation.gov.uk/ukpga/1988/1/section/468G) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/4), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c23719061]: [S. 468A](https://www.legislation.gov.uk/ukpga/1988/1/section/468A) inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 16](https://www.legislation.gov.uk/ukpga/2005/22/section/16)
[^c22753401]: [S. 468EE](https://www.legislation.gov.uk/ukpga/1988/1/section/468EE) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 111(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/111/2)
[^c22800231]: [S. 468K](https://www.legislation.gov.uk/ukpga/1988/1/section/468K) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11)
[^c23719251]: [S. 468M](https://www.legislation.gov.uk/ukpga/1988/1/section/468M) substituted for ss. 468M, 468N (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/3)
[^c23719311]: Words in [s. 468O](https://www.legislation.gov.uk/ukpga/1988/1/section/468O) sidenote inserted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(7)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/7)
[^c23719371]: [Ss. 468PA](https://www.legislation.gov.uk/ukpga/1988/1/section/468PA), [468PB](https://www.legislation.gov.uk/ukpga/1988/1/section/468PB) inserted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(9)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/9)
[^c22801151]: [S. 468R](https://www.legislation.gov.uk/ukpga/1988/1/section/468R) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/7), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23721291]: [S. 470(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/470/1/3) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23)
[^c23721281]: [S. 470(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/470/2) ceased to have effect (29.4.1988) by virtue of s. 470(3) below and [S.I. 1988/745](https://www.legislation.gov.uk/uksi/1988/745), [art. 2](https://www.legislation.gov.uk/uksi/1988/745/article/2)
[^c22803971]: [S. 469A](https://www.legislation.gov.uk/ukpga/1988/1/section/469A) inserted (with effect in accordance with [s. 68(3)-(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 68(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/68/1)
[^c22801561]: [S. 471](https://www.legislation.gov.uk/ukpga/1988/1/section/471) repealed (with effect in accordance with s. 101(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/101/1), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 1
[^c22801581]: [S. 472](https://www.legislation.gov.uk/ukpga/1988/1/section/472) repealed (with effect in accordance with s. 101(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 101(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/101/2), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 2
[^c22791901]: [S. 474(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/1/3) repealed (with effect in accordance with Sch. 7 para. 32-35, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 7 para. 18, Sch. 41 Pt. 5(2)
[^c22791931]: [S. 474(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/2) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/2), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22765331]: [S. 474(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/474/3) inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 25(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/25/2)
[^c23721941]: [S. 472A](https://www.legislation.gov.uk/ukpga/1988/1/section/472A) inserted (with effect in accordance with [s. 54(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/54/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 54](https://www.legislation.gov.uk/ukpga/2004/12/section/54) (as amended (retrospectively) by [Finance Act 2005 (c.7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7))
[^c22754241]: [Ss. 468H-468R](https://www.legislation.gov.uk/ukpga/1988/1/section/468H) and cross-headings inserted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/2)
[^c23724591]: [S. 476](https://www.legislation.gov.uk/ukpga/1988/1/section/476) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/2), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23724611]: [S. 477](https://www.legislation.gov.uk/ukpga/1988/1/section/477) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/3), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c21608281]: [S. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) inserted (with effect in accordance with [Sch. 5 para. 4(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/4/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 4(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/4/1)
[^c23724891]: [S. 478](https://www.legislation.gov.uk/ukpga/1988/1/section/478) repealed (with effect in accordance with s. 199(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 4; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23724911]: [S. 479](https://www.legislation.gov.uk/ukpga/1988/1/section/479) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/5), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c23724931]: [S. 480](https://www.legislation.gov.uk/ukpga/1988/1/section/480) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/6), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 8
[^c21608511]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c21608531]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c21608541]: [Ss. 480A-480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) inserted (with effect in accordance with [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/2) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 7(1)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/7/1)
[^c23724731]: [S. 480C](https://www.legislation.gov.uk/ukpga/1988/1/section/480C) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 185](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/185), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723831]: [S. 483(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/483/1)(5) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/12), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c22792181]: [S. 484](https://www.legislation.gov.uk/ukpga/1988/1/section/484) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para 29](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/29), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22792201]: [S. 485](https://www.legislation.gov.uk/ukpga/1988/1/section/485) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 29](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/29), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c21608391]: [S. 477B](https://www.legislation.gov.uk/ukpga/1988/1/section/477B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 51](https://www.legislation.gov.uk/ukpga/1991/31/section/51), [Sch. 10 para. 3(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/10/paragraph/3/1/2)
[^c23723881]: [S. 482A](https://www.legislation.gov.uk/ukpga/1988/1/section/482A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s.75](https://www.legislation.gov.uk/ukpga/1991/31/section/75)
[^c22806081]: [S. 482A](https://www.legislation.gov.uk/ukpga/1988/1/section/482A) repealed (with effect in accordance with s. 145(11), Sch. 40 Pt. 5 Note of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 145(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/145/10), [Sch. 40 Pt. 5](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/5)
[^c23726811]: [S. 494](https://www.legislation.gov.uk/ukpga/1988/1/section/494) sidenote substituted (with effect in accordance with [s. 38(7)-(13)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/7) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(5)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/5)
[^c23728641]: [S. 496](https://www.legislation.gov.uk/ukpga/1988/1/section/496) sidenote substituted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/5)
[^c22801721]: [S. 497](https://www.legislation.gov.uk/ukpga/1988/1/section/497) repealed (with effect in accordance with Sch. 3 para. 29(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 29(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/29/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22801791]: [S. 498](https://www.legislation.gov.uk/ukpga/1988/1/section/498) repealed (with effect in accordance with Sch. 3 para. 30(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 30(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/30/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 30(3))
[^c22801801]: [S. 499](https://www.legislation.gov.uk/ukpga/1988/1/section/499) repealed (with effect in accordance with Sch. 3 para. 31(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 31(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/31/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804801]: [S. 494AA](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA) inserted (with application in accordance with [s. 100(2)(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/100/2/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 100(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/100/1)
[^c22801441]: [S. 494A](https://www.legislation.gov.uk/ukpga/1988/1/section/494A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 30](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/30) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23726021]: [S. 496A](https://www.legislation.gov.uk/ukpga/1988/1/section/496A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 286(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/286/2)
[^c23726041]: [S. 496B](https://www.legislation.gov.uk/ukpga/1988/1/section/496B) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/2)
[^c22813751]: [S. 501A](https://www.legislation.gov.uk/ukpga/1988/1/section/501A) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 91](https://www.legislation.gov.uk/ukpga/2002/23/section/91), [93](https://www.legislation.gov.uk/ukpga/2002/23/section/93)
[^c22813901]: [S. 501B](https://www.legislation.gov.uk/ukpga/1988/1/section/501B) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 92(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/92/1), [93](https://www.legislation.gov.uk/ukpga/2002/23/section/93)
[^c22805801]: [Pt. 12 Ch. 5](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/5) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 98](https://www.legislation.gov.uk/ukpga/1999/16/section/98)
[^c23729321]: [S. 502GB](https://www.legislation.gov.uk/ukpga/1988/1/section/502GB) inserted (with effect in accordance with [Sch. 20 para. 9(6)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/6) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/3)
[^c23729341]: [S. 502GC](https://www.legislation.gov.uk/ukpga/1988/1/section/502GC) inserted (with effect in accordance with [Sch. 20 para. 9(7)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/7) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/4)
[^c23729361]: [S. 502GD](https://www.legislation.gov.uk/ukpga/1988/1/section/502GD) inserted (with effect in accordance with [Sch. 33 para. 3](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/3) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 1](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/1)
[^c23729301]: [S. 502GA](https://www.legislation.gov.uk/ukpga/1988/1/section/502GA) and preceding cross-heading inserted (with effect in accordance with [Sch. 20 para. 9(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/5) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 9(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/9/2)
[^c23729851]: Words in [s. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) sidenote inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22802741]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 42](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/42) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21610541]: [S. 510A](https://www.legislation.gov.uk/ukpga/1988/1/section/510A) inserted (retrospective to 1.7.1989) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 11 paras. 1](https://www.legislation.gov.uk/ukpga/1990/29/schedule/11/paragraph/1), [5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/11/paragraph/5)
[^c22809771]: [S. 511(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/511/1)(6) repealed (9.11.2001) by [Electricity Act 1989 (c. 29)](https://www.legislation.gov.uk/ukpga/1989/29), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1989/29/section/113/2), [Sch. 18](https://www.legislation.gov.uk/ukpga/1989/29/schedule/18); [S.I. 2001/3419](https://www.legislation.gov.uk/uksi/2001/3419), [art. 2](https://www.legislation.gov.uk/uksi/2001/3419/article/2)
[^c21610641]: [S. 511(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/511/4/5) repealed (1.4.1992) by [S.I. 1992/231 (N.I. 1)](https://www.legislation.gov.uk/nisi/1992/231), [art. 95(4)](https://www.legislation.gov.uk/nisi/1992/231/article/95/4), [Sch.14](https://www.legislation.gov.uk/nisi/1992/231/schedule/14); [S.R. 1992/117](https://www.legislation.gov.uk/nisr/1992/117), [art. 3(1)](https://www.legislation.gov.uk/nisr/1992/117/article/3/1)
[^c23732961]: [S. 512](https://www.legislation.gov.uk/ukpga/1988/1/section/512) repealed (with effect in accordance with s. 46(4)(c)-(e) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(2)(c)(d)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/2/c/d), [Sch. 11 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/12), Note (with s. 46(7)); and s. 512(2) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3), Note (with Sch. 36)
[^c23732941]: [S. 514](https://www.legislation.gov.uk/ukpga/1988/1/section/514) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 200](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/200), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611041]: [S. 519A](https://www.legislation.gov.uk/ukpga/1988/1/section/519A) inserted (17.9.1990) by [National Health Service and Community Care Act 1990 (c. 19)](https://www.legislation.gov.uk/ukpga/1990/19), [ss. 61(1)](https://www.legislation.gov.uk/ukpga/1990/19/section/61/1), [67(2)](https://www.legislation.gov.uk/ukpga/1990/19/section/67/2); [S.I. 1990/1329](https://www.legislation.gov.uk/uksi/1990/1329), [art. 2(5)(a)](https://www.legislation.gov.uk/uksi/1990/1329/article/2/5/a), [Sch. 2](https://www.legislation.gov.uk/uksi/1990/1329/schedule/2)
[^c23729671]: [S. 504A](https://www.legislation.gov.uk/ukpga/1988/1/section/504A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 197](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/197) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729691]: [Ss. 506A-506C](https://www.legislation.gov.uk/ukpga/1988/1/section/506A) inserted (with effect in accordance with [s. 54(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/54/2/3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 54(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/54/1)
[^c22793631]: [Ss. 508A](https://www.legislation.gov.uk/ukpga/1988/1/section/508A), [508B](https://www.legislation.gov.uk/ukpga/1988/1/section/508B) inserted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/1)
[^c23572351]: [Pt. 12 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/5A) (ss. 502A-502L) inserted (with effect in accordance with [Sch. 8 para. 15](https://www.legislation.gov.uk/ukpga/2006/25/schedule/8/paragraph/15) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 8 para. 11](https://www.legislation.gov.uk/ukpga/2006/25/schedule/8/paragraph/11)
[^c22781151]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781171]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781181]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781191]: [Ss. 520-523](https://www.legislation.gov.uk/ukpga/1988/1/section/520) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/44), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23734121]: Word in [s. 525](https://www.legislation.gov.uk/ukpga/1988/1/section/525) sidenote omitted (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611301]: Source - 1970 s.384
[^c22771341]: [S. 527(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/3) repealed (with effect in accordance with Sch. 14 Pt. 8 Note 5 of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 8](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/8)
[^c23734951]: [S. 529](https://www.legislation.gov.uk/ukpga/1988/1/section/529) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 206](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/206), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781231]: [S. 530](https://www.legislation.gov.uk/ukpga/1988/1/section/530) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 47](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/47), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781731]: [S. 534](https://www.legislation.gov.uk/ukpga/1988/1/section/534) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22781751]: [S. 535](https://www.legislation.gov.uk/ukpga/1988/1/section/535) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22781771]: [S. 537A](https://www.legislation.gov.uk/ukpga/1988/1/section/537A) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c21611651]: [Ss. 537A](https://www.legislation.gov.uk/ukpga/1988/1/section/537A), [537B](https://www.legislation.gov.uk/ukpga/1988/1/section/537B) and preceding cross-heading inserted (1.8.1989) by [Intellectual Property Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(6)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/6); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c22781791]: [S. 538](https://www.legislation.gov.uk/ukpga/1988/1/section/538) repealed (with effect in accordance with s. 71(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/6)
[^c22797451]: [Pt. 13 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/1) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 20](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/20)
[^c23748731]: [S. 549](https://www.legislation.gov.uk/ukpga/1988/1/section/549) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 219](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/219), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748751]: [S. 550](https://www.legislation.gov.uk/ukpga/1988/1/section/550) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 220](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/220), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748771]: [S. 551](https://www.legislation.gov.uk/ukpga/1988/1/section/551) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 221](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/221), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782501]: [Ss. 552](https://www.legislation.gov.uk/ukpga/1988/1/section/552), [552ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA) substituted for s. 552 (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/18)
[^c23747361]: Words in [s. 552(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747041]: Words in [s. 552(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/b/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747101]: Words in [s. 552(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747121]: Words in [s. 552(5)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747141]: Words in [s. 552(5)(c)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/iii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747161]: Words in [s. 552(5)(c)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/c/v) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(b)(iv)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/b/iv) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747061]: [S. 552(5)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/e) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747081]: [S. 552(5)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/5/f) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747031]: [S. 552(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/5)
[^c23747181]: Words in [s. 552(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747221]: Words in [s. 552(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747321]: [S. 552(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/10): words in definition of "amount" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747341]: [S. 552(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/10): definition of "chargeable event" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748321]: Words in [s. 552ZA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 223](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/223) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22780521]: [S. 522A](https://www.legislation.gov.uk/ukpga/1988/1/section/522A) restricted (6.4.1999) by [The Overseas Insurers (Tax Representatives) Regulations 1999 (S.I. 1999/881)](https://www.legislation.gov.uk/uksi/1999/881), [reg. 11(2)](https://www.legislation.gov.uk/uksi/1999/881/regulation/11/2)
[^c23748121]: Words in [s. 552A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22797621]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12) power exercised: 6.4.1999 appointed by [S.I. 1999/881](https://www.legislation.gov.uk/uksi/1999/881), [reg. 3](https://www.legislation.gov.uk/uksi/1999/881/regulation/3)
[^c23748061]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "capital redemption policy" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748081]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "contract for a life annuity" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748101]: [S. 552A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/552A/12): definition of "policy of life insurance" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 224(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/224/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782541]: [S. 552B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/552B/2) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 19](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/19)
[^c23748261]: [S. 552B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/552B/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 225](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/225) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748791]: [S. 554](https://www.legislation.gov.uk/ukpga/1988/1/section/554) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 229](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/229), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777841]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) restricted (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/3/2) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16))
[^c22780461]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) applied (with modifications) (6.4.1999) by [The Individual Savings Account Regulations 1998 (S.I. 1998/1870)](https://www.legislation.gov.uk/uksi/1998/1870), [regs. 35(7)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/35/7), [36(3)-(7)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/36/3) (as amended by [The Individual Savings Account (Amendment) Regulations 1998 (S.I. 1998/3174)](https://www.legislation.gov.uk/uksi/1998/3174), [reg. 12](https://www.legislation.gov.uk/uksi/1998/3174/regulation/12))
[^c22780481]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) applied (with modifications) (6.4.1999 with effect in accordance with reg. 1 of the affecting S.I.) by [The Personal Portfolio Bonds (Tax) Regulations 1999 (S.I. 1999/1029)](https://www.legislation.gov.uk/uksi/1999/1029), [reg. 6(2)-(8)](https://www.legislation.gov.uk/uksi/1999/1029/regulation/6/2) (as amended (6.4.2002) by [The Personal Portfolio Bonds (Tax) (Amendment) Regulations 2002 (S.I. 2002/455)](https://www.legislation.gov.uk/uksi/2002/455), [regs. 1](https://www.legislation.gov.uk/uksi/2002/455/regulation/1), [2](https://www.legislation.gov.uk/uksi/2002/455/regulation/2))
[^c23735051]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/3)
[^c23735061]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 15](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/15)
[^c23735091]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (6.4.2005) by [The Child Trust Funds Regulations 2004 (S.I. 2004/1450)](https://www.legislation.gov.uk/uksi/2004/1450), [regs. 1](https://www.legislation.gov.uk/uksi/2004/1450/regulation/1), [2(1)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/2/1), [38(3)-(8)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/38/3); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23735101]: [Pt. 13 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/2) modified (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 14(5)-(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/14/5)
[^c23735071]: [S. 539ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/539ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 211](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/211) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23735031]: [S. 539A](https://www.legislation.gov.uk/ukpga/1988/1/section/539A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 2](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/2)
[^c22782261]: [S. 546A](https://www.legislation.gov.uk/ukpga/1988/1/section/546A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 9](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/9)
[^c22782281]: [Ss. 546B-546D](https://www.legislation.gov.uk/ukpga/1988/1/section/546B) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/10)
[^c22779141]: [S. 547A](https://www.legislation.gov.uk/ukpga/1988/1/section/547A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/2)
[^c23735111]: [Ss. 548A](https://www.legislation.gov.uk/ukpga/1988/1/section/548A), [548B](https://www.legislation.gov.uk/ukpga/1988/1/section/548B) inserted (with effect in accordance with [s. 29(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 29(1)](https://www.legislation.gov.uk/ukpga/2007/11/section/29/1)
[^c22779161]: [Ss. 551A](https://www.legislation.gov.uk/ukpga/1988/1/section/551A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/3)
[^c22782521]: [Ss. 552](https://www.legislation.gov.uk/ukpga/1988/1/section/552), [552ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZA) substituted for s. 552 (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 18](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/18)
[^c23748041]: [S. 552ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/552ZB) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 10](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/10)
[^c22779181]: [Ss. 552A](https://www.legislation.gov.uk/ukpga/1988/1/section/552A), [552B](https://www.legislation.gov.uk/ukpga/1988/1/section/552B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 87](https://www.legislation.gov.uk/ukpga/1998/36/section/87)
[^c22779201]: [S. 553A](https://www.legislation.gov.uk/ukpga/1988/1/section/553A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/88/1)
[^c22779221]: [S. 553B](https://www.legislation.gov.uk/ukpga/1988/1/section/553B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 88(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/88/2)
[^c22779241]: [S. 553C](https://www.legislation.gov.uk/ukpga/1988/1/section/553C) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 89](https://www.legislation.gov.uk/ukpga/1998/36/section/89)
[^c22779781]: Word in [s. 557](https://www.legislation.gov.uk/ukpga/1988/1/section/557) sidenote substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23749261]: [S. 557](https://www.legislation.gov.uk/ukpga/1988/1/section/557) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 231](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/231), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775021]: [S. 563](https://www.legislation.gov.uk/ukpga/1988/1/section/563) repealed (with effect in accordance with Sch. 27 para. 8(1), Sch. 29 Pt. 8(21) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/5), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22783081]: [S. 559A](https://www.legislation.gov.uk/ukpga/1988/1/section/559A) inserted (with effect in accordance with [s. 40(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 40(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/1)
[^c21614031]: Source-1970 s.406
[^c23749561]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 232(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/232/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22779901]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21614041]: Source-1970 s.407; 1971 Sch.6 45
[^c21614051]: Source-1970 s.408
[^c22779911]: Words in [s. 570(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22776131]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/a), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22776471]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) inserted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/b)
[^c22776501]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/c)
[^c22776521]: Words in [s. 570(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/2) added (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 31(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/31/d)
[^c21614061]: Source-1970 s.409
[^c21614071]: Source-1970 s.410
[^c23754361]: [S. 576A](https://www.legislation.gov.uk/ukpga/1988/1/section/576A) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 121](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/121) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754401]: [S. 576C](https://www.legislation.gov.uk/ukpga/1988/1/section/576C) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 123](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/123) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754421]: [S. 576D](https://www.legislation.gov.uk/ukpga/1988/1/section/576D) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 124](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/124) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754441]: [S. 576E](https://www.legislation.gov.uk/ukpga/1988/1/section/576E) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 125](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/125) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754461]: [S. 576F](https://www.legislation.gov.uk/ukpga/1988/1/section/576F) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 126](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/126) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754481]: [S. 576G](https://www.legislation.gov.uk/ukpga/1988/1/section/576G) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 127](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/127) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754501]: [S. 576H](https://www.legislation.gov.uk/ukpga/1988/1/section/576H) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 128](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/128) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754521]: [S. 576I](https://www.legislation.gov.uk/ukpga/1988/1/section/576I) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 129](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/129) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754581]: [S. 576K](https://www.legislation.gov.uk/ukpga/1988/1/section/576K) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 131](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/131) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754381]: [S. 576B](https://www.legislation.gov.uk/ukpga/1988/1/section/576B) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 122](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/122) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754541]: [S. 576J](https://www.legislation.gov.uk/ukpga/1988/1/section/576J) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 130](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/130) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23754561]: [S. 576L](https://www.legislation.gov.uk/ukpga/1988/1/section/576L) and preceding cross-heading inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 132](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/132) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21614481]: [S. 577A](https://www.legislation.gov.uk/ukpga/1988/1/section/577A) inserted (with application in accordance with [s. 123(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/123/2) of the amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 123(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/123/1/2)
[^c23762911]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762931]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762951]: [Ss. 580A-580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/240), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762971]: [S. 581](https://www.legislation.gov.uk/ukpga/1988/1/section/581) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 241](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/241), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614611]: [S. 582A](https://www.legislation.gov.uk/ukpga/1988/1/section/582A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 118(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/118/1)
[^c23762991]: [S. 583](https://www.legislation.gov.uk/ukpga/1988/1/section/583) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 244](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/244), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763011]: [S. 585](https://www.legislation.gov.uk/ukpga/1988/1/section/585) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 246](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/246), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614811]: [S. 587A](https://www.legislation.gov.uk/ukpga/1988/1/section/587A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/1) (with application as referred to in Sch. 12 para. 5 of that Act)
[^c22783241]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) sidenote substituted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/4)
[^c23762891]: [S. 589](https://www.legislation.gov.uk/ukpga/1988/1/section/589) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 68](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/68), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21614841]: [Ss. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A), [589B](https://www.legislation.gov.uk/ukpga/1988/1/section/589B) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 108](https://www.legislation.gov.uk/ukpga/1993/34/section/108)
[^c21614851]: [Ss. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A), [589B](https://www.legislation.gov.uk/ukpga/1988/1/section/589B) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 108](https://www.legislation.gov.uk/ukpga/1993/34/section/108)
[^c23762491]: [S. 589B(1)-(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 70(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/70/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22782811]: [S. 589B(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/4/4A) substituted for s. 589B(4) (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 13](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/13)
[^c22781691]: [Ss. 578A](https://www.legislation.gov.uk/ukpga/1988/1/section/578A), [578B](https://www.legislation.gov.uk/ukpga/1988/1/section/578B) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 52](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/52) (with [Sch. 3 para. 113](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/113))
[^c22776541]: [Ss. 580A](https://www.legislation.gov.uk/ukpga/1988/1/section/580A), [580B](https://www.legislation.gov.uk/ukpga/1988/1/section/580B) inserted (with effect in accordance with [s. 143(2)-(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/143/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 143(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/143/1)
[^c23754861]: [S. 580C](https://www.legislation.gov.uk/ukpga/1988/1/section/580C) inserted (with effect in accordance with [s. 147(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 147(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/3)
[^c23754881]: [S. 581A](https://www.legislation.gov.uk/ukpga/1988/1/section/581A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 242](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/242) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781081]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) inserted (with effect in accordance with [s. 43(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 43(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/43/1)
[^c23754901]: [S. 587BA](https://www.legislation.gov.uk/ukpga/1988/1/section/587BA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 138](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/138) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22783361]: [S. 587C](https://www.legislation.gov.uk/ukpga/1988/1/section/587C) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/5)
[^c23754351]: [Pt 13 Ch. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/6): ss. 573, 575 and 576 transposed to Pt. 13 Ch. 5A (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 paras. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3), [119(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/119/7), [120(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/120/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23733521]: [Pt. 13 Ch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/part/13/chapter/5A) created (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by virtue of [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 117(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/117/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c21615481]: [S. 591B](https://www.legislation.gov.uk/ukpga/1988/1/section/591B) inserted (retrospectively) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 36(1)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/36/1/3)
[^c22888681]: [Ss. 591C](https://www.legislation.gov.uk/ukpga/1988/1/section/591C), [591D](https://www.legislation.gov.uk/ukpga/1988/1/section/591D) inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/1)
[^c23481531]: [Ss. 595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [596](https://www.legislation.gov.uk/ukpga/1988/1/section/596) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 74](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/74), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481551]: [Ss. 595](https://www.legislation.gov.uk/ukpga/1988/1/section/595), [596](https://www.legislation.gov.uk/ukpga/1988/1/section/596) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 74](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/74), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23561991]: [Ss. 596A](https://www.legislation.gov.uk/ukpga/1988/1/section/596A), [596B](https://www.legislation.gov.uk/ukpga/1988/1/section/596B) inserted (with effect in accordance with [Sch. 6 para. 18(7)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/7) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/9)
[^c23481561]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23562001]: [Ss. 596A](https://www.legislation.gov.uk/ukpga/1988/1/section/596A), [596B](https://www.legislation.gov.uk/ukpga/1988/1/section/596B) inserted (with effect in accordance with [Sch. 6 para. 18(7)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/7) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/9)
[^c23481571]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481581]: [Ss. 596A-596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 75](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/75), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481591]: [S. 597](https://www.legislation.gov.uk/ukpga/1988/1/section/597) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 76](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/76), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481601]: [S. 600](https://www.legislation.gov.uk/ukpga/1988/1/section/600) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 78](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/78), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22891971]: [S. 596C](https://www.legislation.gov.uk/ukpga/1988/1/section/596C) inserted (with effect in accordance with [s. 93(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 93(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/93/3)
[^c21616331]: [S. 611A](https://www.legislation.gov.uk/ukpga/1988/1/section/611A) inserted (14.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 paras. 15](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/15), [18(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/1)
[^c22887611]: [S. 605A](https://www.legislation.gov.uk/ukpga/1988/1/section/605A) inserted (with application in accordance with [s. 106(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/106/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 106(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/106/1)
[^c22892311]: [S. 606A](https://www.legislation.gov.uk/ukpga/1988/1/section/606A) inserted (with effect in accordance with [Sch. 15 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/6/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 6(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/6/1)
[^c22887691]: [S. 611AA](https://www.legislation.gov.uk/ukpga/1988/1/section/611AA) inserted (with application in accordance with [s. 103(3)](https://www.legislation.gov.uk/ukpga/1994/4/section/103/3) of the amending Act) by [Finance Act 1994 (c. 4)](https://www.legislation.gov.uk/ukpga/1994/4), [s. 103(1)](https://www.legislation.gov.uk/ukpga/1994/4/section/103/1)
[^c21614871]: [Pt. 14 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/14/chapter/1) (ss. 590-612) modified (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 18](https://www.legislation.gov.uk/ukpga/1993/8/section/18), [19(4)](https://www.legislation.gov.uk/ukpga/1993/8/section/19/4), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21616421]: Source-1970 s.211(1), (4)
[^c23481791]: [S. 613(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 83](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/83), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616441]: Source-1970 s.211(2) 1981 s.50(1); PPA 1987 Sch.3 2(1)
[^c22893861]: [S. 613(4)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4/bb) inserted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/4)
[^c22887731]: [S. 614(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/1) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c21616501]: Source-1970 s.213(1)
[^c21616511]: [1935 c. 2](https://www.legislation.gov.uk/ukpga/1935/2).
[^c21616521]: [1973 c. 21](https://www.legislation.gov.uk/ukpga/1973/21).
[^c22889521]: [S. 614(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 34](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/34) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23483781]: Words in [s. 614(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/2A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 261](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/261) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616531]: Source-1970 s.214(2), 216(2); 1973 s.53(1)
[^c23482251]: Words in [s. 614(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 84](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/84) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616541]: Source-1970 s.217(2), (4)
[^c21616551]: [1966 c. 21](https://www.legislation.gov.uk/ukpga/1966/21).
[^c21616561]: Source-1970 s.218(1)
[^c21616571]: Source-1970 s.212(3), 213(1), 214(3), 216(2), 217(2), 218(1); 1987 Sch.15 2(13)
[^c23481801]: [S. 615(1)(2)(4)(5)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/1/2/4/5/8) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 85](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/85), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21616951]: Source-1970 s.218(3)
[^c21616991]: Source-1970 s.218(4)
[^c22893881]: Words in [s. 615(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/6/b) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/11)
[^c21617001]: Source-1970 s.214(5), 215(3), 216(4), 217(4)
[^c21617011]: [1971 c. 56](https://www.legislation.gov.uk/ukpga/1971/56).
[^c22900881]: [S. 615(9)(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/615/9/10) inserted (17.6.2002) by [International Development Act 2002 (c. 1)](https://www.legislation.gov.uk/ukpga/2002/1), [s. 20(2)](https://www.legislation.gov.uk/ukpga/2002/1/section/20/2), [Sch. 3 para. 9(3)](https://www.legislation.gov.uk/ukpga/2002/1/schedule/3/paragraph/9/3) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2002/1/schedule/5)); [S.I. 2002/1408](https://www.legislation.gov.uk/uksi/2002/1408), [art. 2](https://www.legislation.gov.uk/uksi/2002/1408/article/2)
[^c23481611]: [S. 616](https://www.legislation.gov.uk/ukpga/1988/1/section/616) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 86](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/86), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481971]: [S. 617A](https://www.legislation.gov.uk/ukpga/1988/1/section/617A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 88](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/88), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481951]: [S. 617A](https://www.legislation.gov.uk/ukpga/1988/1/section/617A) inserted (prosp.) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 3 para. 14](https://www.legislation.gov.uk/ukpga/2002/21/schedule/3/paragraph/14) (the insertion being brought into force at 6.4.2003 by [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(d)(iii)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/d/iii))
[^c22901101]: [S. 627](https://www.legislation.gov.uk/ukpga/1988/1/section/627) repealed (with effect as mentioned in s. 228(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 228(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/228/2/a), [Sch. 26 Pt. 5(25)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/25), Note 1
[^c22893921]: [S. 629](https://www.legislation.gov.uk/ukpga/1988/1/section/629) applied (with modifications) (with effect in accordance with s. 52(2) of the affecting Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/6)
[^c21618141]: Source-1970 s.229
[^c21618151]: [1987 c. 45](https://www.legislation.gov.uk/ukpga/1987/45).
[^c22897701]: [S. 631A](https://www.legislation.gov.uk/ukpga/1988/1/section/631A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 7](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897721]: [Ss. 632A](https://www.legislation.gov.uk/ukpga/1988/1/section/632A), [632B](https://www.legislation.gov.uk/ukpga/1988/1/section/632B) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/8) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22888971]: [S. 634A](https://www.legislation.gov.uk/ukpga/1988/1/section/634A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/4)
[^c22889111]: [S. 636A](https://www.legislation.gov.uk/ukpga/1988/1/section/636A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/7)
[^c22889151]: [Ss. 637](https://www.legislation.gov.uk/ukpga/1988/1/section/637), [637A](https://www.legislation.gov.uk/ukpga/1988/1/section/637A) substituted for s. 637 (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/8)
[^c22898641]: [S. 638ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/638ZA) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 14](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/14) (with [Sch 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22892371]: [S. 638A](https://www.legislation.gov.uk/ukpga/1988/1/section/638A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 94(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/94/1)
[^c21618751]: [S. 640A](https://www.legislation.gov.uk/ukpga/1988/1/section/640A) inserted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/4/2) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/4/1)
[^c22898961]: [S. 641](https://www.legislation.gov.uk/ukpga/1988/1/section/641) repealed (with effect in accordance with Sch. 13 para. 17 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40) Pt, 2(4), Note 3 (with Sch. 13 Pt. 2)
[^c22899051]: [S. 642](https://www.legislation.gov.uk/ukpga/1988/1/section/642) repealed (with effect in accordance with Sch. 13 para. 19 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40) Pt, 2(4), Note 4 (with Sch. 13 Pt. 2)
[^c21618991]: [S. 646A](https://www.legislation.gov.uk/ukpga/1988/1/section/646A) inserted (with effect in accordance with [Sch. 7 para. 8(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/8/2) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 7 para. 8(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/7/paragraph/8/1)
[^c22899001]: [S. 641A](https://www.legislation.gov.uk/ukpga/1988/1/section/641A) inserted (with effect in accordance with [Sch. 13 para. 18(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/18/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 18(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/18/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899321]: [Ss. 646B](https://www.legislation.gov.uk/ukpga/1988/1/section/646B), [646C](https://www.legislation.gov.uk/ukpga/1988/1/section/646C) inserted (with effect in accordance with [Sch. 13 para. 22(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/22/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 22(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/22/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899381]: [S. 646D](https://www.legislation.gov.uk/ukpga/1988/1/section/646D) inserted (with effect in accordance with [Sch. 13 para. 23(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/23/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/23/1) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23481621]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481631]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481641]: [Ss. 647-648A](https://www.legislation.gov.uk/ukpga/1988/1/section/647) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 96](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/96), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22889261]: Cross-heading preceding s. 648A omitted (1.5.1995) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/12)
[^c22889231]: [S. 648B](https://www.legislation.gov.uk/ukpga/1988/1/section/648B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/12)
[^c22900041]: [S. 652](https://www.legislation.gov.uk/ukpga/1988/1/section/652) repealed (1.10.2000) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 96(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/96/4), [Sch. 27 Pt. 3(21)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/21), Note; [S.I. 2000/2319](https://www.legislation.gov.uk/uksi/2000/2319), [art. 2](https://www.legislation.gov.uk/uksi/2000/2319/article/2)
[^c22892441]: [S. 650A](https://www.legislation.gov.uk/ukpga/1988/1/section/650A) inserted (with effect in accordance with [s. 95(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 95(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/1)
[^c22892461]: [S. 651A](https://www.legislation.gov.uk/ukpga/1988/1/section/651A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 96(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/96/1)
[^c22892481]: [S. 653A](https://www.legislation.gov.uk/ukpga/1988/1/section/653A) inserted (with effect in accordance with [s. 97(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/97/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 97(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/97/1)
[^c22888871]: [Pt. 14 Ch. 5](https://www.legislation.gov.uk/ukpga/1988/1/part/14/chapter/5) excluded (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 60(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/60/5)
[^c22887791]: [S. 648A](https://www.legislation.gov.uk/ukpga/1988/1/section/648A) and preceding cross-heading inserted (with application in accordance with [s. 109(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/109/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/109/1)
[^c21619451]: [S. 659](https://www.legislation.gov.uk/ukpga/1988/1/section/659) repealed (with effect in accordance with s. 81(7)(8) of the repealing Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/4), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 9
[^c21619461]: [S. 659A](https://www.legislation.gov.uk/ukpga/1988/1/section/659A) inserted (with effect in accordance with [s. 81(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/5) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/81/2)
[^c22901211]: [S. 658A](https://www.legislation.gov.uk/ukpga/1988/1/section/658A) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 98(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/98/1)
[^c22888751]: [Ss. 659B](https://www.legislation.gov.uk/ukpga/1988/1/section/659B), [659C](https://www.legislation.gov.uk/ukpga/1988/1/section/659C) inserted (with effect in accordance with [s. 60](https://www.legislation.gov.uk/ukpga/1995/4/section/60) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 59(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/59/5)
[^c22901291]: [S. 659D](https://www.legislation.gov.uk/ukpga/1988/1/section/659D) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 17](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/17)
[^c22901331]: [S. 659E](https://www.legislation.gov.uk/ukpga/1988/1/section/659E) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/2)
[^c23763571]: [Ss. 660A](https://www.legislation.gov.uk/ukpga/1988/1/section/660A), [660B](https://www.legislation.gov.uk/ukpga/1988/1/section/660B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 271](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/271), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763591]: [Ss. 660A](https://www.legislation.gov.uk/ukpga/1988/1/section/660A), [660B](https://www.legislation.gov.uk/ukpga/1988/1/section/660B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 271](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/271), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763491]: [S. 660C(1)-(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23312361]: [S. 660C(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/1A) inserted (with effect in accordance with [Sch. 4 para. 14(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/14/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 14(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/14/3)
[^c23763471]: [S. 660C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763611]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763631]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763651]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763671]: [Ss. 660D-660G](https://www.legislation.gov.uk/ukpga/1988/1/section/660D) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 273](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/273), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23288571]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) excluded (with effect in accordance with s. 44(6) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 44(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/44/1)
[^c23288581]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) modified (with effect in accordance with s. 45(3) of the modifying Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 45(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/45/1)
[^c23765121]: [S. 677](https://www.legislation.gov.uk/ukpga/1988/1/section/677) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 274](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/274), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765141]: [S. 678](https://www.legislation.gov.uk/ukpga/1988/1/section/678) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 275](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/275), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23313211]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313231]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313241]: [Ss. 679-681](https://www.legislation.gov.uk/ukpga/1988/1/section/679) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23765161]: [Ss. 682](https://www.legislation.gov.uk/ukpga/1988/1/section/682), [682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/276), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765181]: [Ss. 682](https://www.legislation.gov.uk/ukpga/1988/1/section/682), [682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/276), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22900941]: [Pt. 15 Ch. 1B](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1B) heading inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/8)
[^c23313251]: [S. 682A](https://www.legislation.gov.uk/ukpga/1988/1/section/682A) inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/11)
[^c22900961]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900971]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900981]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22900991]: [Ss. 683-685](https://www.legislation.gov.uk/ukpga/1988/1/section/683) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23313571]: [S. 686](https://www.legislation.gov.uk/ukpga/1988/1/section/686) sidenote substituted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/8)
[^c23767191]: [S. 688](https://www.legislation.gov.uk/ukpga/1988/1/section/688) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 279](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/279), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23313831]: [S. 689](https://www.legislation.gov.uk/ukpga/1988/1/section/689) repealed (with effect in accordance with s. 74(2), Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/15), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22901001]: Cross-heading before s. 686 replaced by Pt. 15 Ch. 1C heading (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/12)
[^c23765271]: [Ss. 685A-685G](https://www.legislation.gov.uk/ukpga/1988/1/section/685A) inserted (coming into force and with effect in accordance with [Sch. 13 para. 1(2)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/1/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/1/1)
[^c23313651]: [S. 686A](https://www.legislation.gov.uk/ukpga/1988/1/section/686A) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(9)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/9)
[^c23765231]: [Ss. 686B](https://www.legislation.gov.uk/ukpga/1988/1/section/686B), [686C](https://www.legislation.gov.uk/ukpga/1988/1/section/686C) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 100](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/100) (with [Sch. 2 para. 87](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/87), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23765251]: [S. 686D](https://www.legislation.gov.uk/ukpga/1988/1/section/686D) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/1)
[^c23765291]: [S. 686E](https://www.legislation.gov.uk/ukpga/1988/1/section/686E) inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 13 para. 4(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/4/2/3)
[^c23313631]: [S. 687A](https://www.legislation.gov.uk/ukpga/1988/1/section/687A) inserted (with effect in accordance with [s. 27(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/27/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 27(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/27/1)
[^c22900951]: [Pt. 15 Ch. 1C](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1C) heading substituted for heading before s. 686 (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/12)
[^c23765221]: [Pt. 15 Ch. 1C](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1C) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 457(1)(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/457/1/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767891]: [S. 694](https://www.legislation.gov.uk/ukpga/1988/1/section/694) sidenote substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 4 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/4/paragraph/2)
[^c23288561]: [Pt. 15](https://www.legislation.gov.uk/ukpga/1988/1/part/15) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 6(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/6/1) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22900921]: [Pt. 15 Ch. 1A](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1A) inserted (in place of ss. 660-676, 683-685) (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/1)
[^c23313851]: [Pt. 15 Ch. 1D](https://www.legislation.gov.uk/ukpga/1988/1/part/15/chapter/1D) (ss. 689A, 689B) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/16)
[^c23769431]: Word in [s. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) sidenote substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621991]: [S. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/2), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c23770801]: [S. 699](https://www.legislation.gov.uk/ukpga/1988/1/section/699) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 289](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/289), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22901551]: [S. 699A](https://www.legislation.gov.uk/ukpga/1988/1/section/699A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/4)
[^c23314131]: [Ss. 705A](https://www.legislation.gov.uk/ukpga/1988/1/section/705A), [705B](https://www.legislation.gov.uk/ukpga/1988/1/section/705B) inserted (1.1.1994) by [The General and Special Commissioners (Amendment of Enactments) Regulations 1994 (S.I. 1994/1813)](https://www.legislation.gov.uk/uksi/1994/1813), [reg. 1(1)](https://www.legislation.gov.uk/uksi/1994/1813/regulation/1/1), [Sch. 1 para. 24](https://www.legislation.gov.uk/uksi/1994/1813/schedule/1/paragraph/24)
[^c22992681]: [S. 724](https://www.legislation.gov.uk/ukpga/1988/1/section/724) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c21624971]: [S. 725](https://www.legislation.gov.uk/ukpga/1988/1/section/725) repealed (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 5
[^c21625001]: [S. 726](https://www.legislation.gov.uk/ukpga/1988/1/section/726) repealed (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21625011]: [S. 726A](https://www.legislation.gov.uk/ukpga/1988/1/section/726A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 paras. 2](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/2), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5)
[^c23006161]: [S. 722A](https://www.legislation.gov.uk/ukpga/1988/1/section/722A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/6)
[^c22903261]: [S. 727A](https://www.legislation.gov.uk/ukpga/1988/1/section/727A) inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 79(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/1) (with [s. 79(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/4))
[^c22992701]: [S. 729](https://www.legislation.gov.uk/ukpga/1988/1/section/729) repealed (with effect in accordance with s. 159(1)(10) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23774521]: [S. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) heading substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/12)
[^c23782261]: [S. 730C](https://www.legislation.gov.uk/ukpga/1988/1/section/730C) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 301](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/301), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22903331]: [Ss. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A), [730B](https://www.legislation.gov.uk/ukpga/1988/1/section/730B) inserted (with effect in accordance with [s. 80(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/1)
[^c23774831]: [S. 730BB](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 12](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/12)
[^c23006261]: [S. 730C](https://www.legislation.gov.uk/ukpga/1988/1/section/730C) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/7)
[^c21625441]: [S. 736A](https://www.legislation.gov.uk/ukpga/1988/1/section/736A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg. 2(a)](https://www.legislation.gov.uk/uksi/1992/173/regulation/2/a); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(a)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/a), [4(1)](https://www.legislation.gov.uk/uksi/1993/933/regulation/4/1))
[^c23131691]: [S. 737](https://www.legislation.gov.uk/ukpga/1988/1/section/737) repealed (with effect in accordance with Sch. 10 para. 16(1), Sch. 18 Pt. 6(10) Notes 3, 6 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 8](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/8), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10) (with [Sch. 10 para. 16(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/3)); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23130271]: [S. 736B](https://www.legislation.gov.uk/ukpga/1988/1/section/736B) inserted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23776191]: [S. 736C](https://www.legislation.gov.uk/ukpga/1988/1/section/736C) inserted (with effect in accordance with [Sch. 6 para. 3(2)-(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/3/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/3/1)
[^c23776211]: [S. 736D](https://www.legislation.gov.uk/ukpga/1988/1/section/736D) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/3)
[^c22902581]: [Ss. 737A-737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 122](https://www.legislation.gov.uk/ukpga/1994/9/section/122)
[^c23781481]: [S. 737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) sidenote substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by virtue of [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 13(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/13/4)
[^c22903631]: [Ss. 737D](https://www.legislation.gov.uk/ukpga/1988/1/section/737D), [737E](https://www.legislation.gov.uk/ukpga/1988/1/section/737E) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 83(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/83/1)
[^c23782541]: [S. 741](https://www.legislation.gov.uk/ukpga/1988/1/section/741) sidenote substituted (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/2/4/5)
[^c23782681]: [S. 742](https://www.legislation.gov.uk/ukpga/1988/1/section/742) sidenote substituted (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(5)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/5/6)
[^c23782561]: [S. 741A](https://www.legislation.gov.uk/ukpga/1988/1/section/741A) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 3](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/3)
[^c23782581]: [Ss. 741B](https://www.legislation.gov.uk/ukpga/1988/1/section/741B), [741C](https://www.legislation.gov.uk/ukpga/1988/1/section/741C) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/4)
[^c23782601]: [S. 741D](https://www.legislation.gov.uk/ukpga/1988/1/section/741D) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/5)
[^c23787951]: [S. 747A](https://www.legislation.gov.uk/ukpga/1988/1/section/747A) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 24(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/24/1), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23228321]: [S. 748](https://www.legislation.gov.uk/ukpga/1988/1/section/748) sidenote substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229041]: [Ss. 749-749B](https://www.legislation.gov.uk/ukpga/1988/1/section/749) substituted for s. 749 (with effect in accordance with [Sch.17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228571]: [Ss. 752-752C](https://www.legislation.gov.uk/ukpga/1988/1/section/752) substituted for s. 752 (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228611]: [S. 753](https://www.legislation.gov.uk/ukpga/1988/1/section/753) repealed (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/8), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229001]: [S. 755](https://www.legislation.gov.uk/ukpga/1988/1/section/755) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/12), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22903691]: [S. 747A](https://www.legislation.gov.uk/ukpga/1988/1/section/747A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/2)
[^c23783101]: [S. 748ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/748ZA) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/5)
[^c23312911]: [S. 748A](https://www.legislation.gov.uk/ukpga/1988/1/section/748A) inserted (with effect in accordance with [s. 89(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 89(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/2)
[^c23229061]: [Ss. 749-749B](https://www.legislation.gov.uk/ukpga/1988/1/section/749) substituted for s. 749 (with effect in accordance with [Sch.17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23310811]: [S. 750A](https://www.legislation.gov.uk/ukpga/1988/1/section/750A) inserted (with effect in accordance with [Sch. 31 para. 9(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/3)
[^c23783061]: [S. 751AA](https://www.legislation.gov.uk/ukpga/1988/1/section/751AA) inserted (with effect in accordance with [Sch. 16 para. 25](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/25) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 16 para. 23](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/23)
[^c23783081]: [S. 751AB](https://www.legislation.gov.uk/ukpga/1988/1/section/751AB) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/2)
[^c23783121]: [S. 751AC](https://www.legislation.gov.uk/ukpga/1988/1/section/751AC) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 7](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/7)
[^c23228591]: [Ss. 752-752C](https://www.legislation.gov.uk/ukpga/1988/1/section/752) substituted for s. 752 (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229081]: [S. 754A](https://www.legislation.gov.uk/ukpga/1988/1/section/754A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229101]: [S. 754B](https://www.legislation.gov.uk/ukpga/1988/1/section/754B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/11); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229121]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 13](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/13); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229141]: [S. 755B](https://www.legislation.gov.uk/ukpga/1988/1/section/755B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/14); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23229161]: [S. 755C](https://www.legislation.gov.uk/ukpga/1988/1/section/755C) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 15](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/15); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23311081]: [S. 755D](https://www.legislation.gov.uk/ukpga/1988/1/section/755D) inserted (with effect in accordance with [Sch. 31 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/1)
[^c23788241]: [Ss. 762ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/762ZA), [762ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/762ZB) inserted (with effect in accordance with [Sch. 7 para. 98](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/98) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 94](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/94)
[^c23788221]: [S. 762A](https://www.legislation.gov.uk/ukpga/1988/1/section/762A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/1) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23788201]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) and preceding cross-headings inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21627061]: [S. 765A](https://www.legislation.gov.uk/ukpga/1988/1/section/765A) inserted (with effect in accordance with [s. 68(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/68/4) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 68(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/68/2)
[^c21627211]: [S. 768A](https://www.legislation.gov.uk/ukpga/1988/1/section/768A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 20(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/20/1)
[^c23790991]: [S. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B) sidenote substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/7)
[^c23229571]: [S. 767AA](https://www.legislation.gov.uk/ukpga/1988/1/section/767AA) inserted (with effect in accordance with [s. 114(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/114/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 114(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/114/1)
[^c23229591]: [S. 767C](https://www.legislation.gov.uk/ukpga/1988/1/section/767C) inserted (with effect in accordance with [s. 115(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/115/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 115(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/115/1)
[^c22903801]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) inserted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/2)
[^c23229611]: [S. 768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 31](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/31) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23313061]: [S. 768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768E) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/3)
[^c23229641]: [S. 770A](https://www.legislation.gov.uk/ukpga/1988/1/section/770A) substituted for ss. 770-773 (with effect in accordance with [s. 108(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 108(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/108/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23790671]: [S. 775A](https://www.legislation.gov.uk/ukpga/1988/1/section/775A) inserted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/4/2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/4/1)
[^c23790691]: [Ss. 785ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/785ZA), [785ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/785ZB) inserted (with effect in accordance with [s. 83(4)-(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 83(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/83/2)
[^c23790651]: [S. 785A](https://www.legislation.gov.uk/ukpga/1988/1/section/785A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/135/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 135(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/135/1)
[^c23790751]: [Ss. 785B-785E](https://www.legislation.gov.uk/ukpga/1988/1/section/785B) inserted (with effect in accordance with [Sch. 20 para. 1(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 1(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/1) (with transitional modifications in [Sch. 20 para. 1(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/1/3))
[^c23790711]: [Ss. 774A-774G](https://www.legislation.gov.uk/ukpga/1988/1/section/774A) and preceding cross-heading inserted (with effect in accordance with [Sch. 6 para. 6(2)-(7)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/6/2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 6(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/6/1)
[^c22810311]: Word in [s. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) sidenote substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/b)
[^c21627711]: [Pt. 18 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/2) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22894971]: Word in [s. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) sidenote substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/3)
[^c22895131]: Words in [s. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) sidenote added (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/3)
[^c22894431]: [S. 793A](https://www.legislation.gov.uk/ukpga/1988/1/section/793A) inserted (with effect in accordance with [Sch. 30 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/5/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/5/1)
[^c22894451]: [S. 795A](https://www.legislation.gov.uk/ukpga/1988/1/section/795A) inserted (with effect in accordance with [Sch. 30 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/6/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/6/1)
[^c22894321]: [S. 797A](https://www.legislation.gov.uk/ukpga/1988/1/section/797A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 43](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/43) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894681]: [S. 797B](https://www.legislation.gov.uk/ukpga/1988/1/section/797B) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/4)
[^c22894341]: [S. 798A](https://www.legislation.gov.uk/ukpga/1988/1/section/798A) inserted (with effect in accordance with [s. 103(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/103/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 104](https://www.legislation.gov.uk/ukpga/1998/36/section/104)
[^c22894361]: [S. 798B](https://www.legislation.gov.uk/ukpga/1988/1/section/798B) inserted (with effect in accordance with [s. 103(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/103/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 105](https://www.legislation.gov.uk/ukpga/1998/36/section/105)
[^c23803101]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c22895851]: [S. 800](https://www.legislation.gov.uk/ukpga/1988/1/section/800) repealed (with effect in accordance with Sch. 30 para. 10(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 10(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/10/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22896251]: [S. 802](https://www.legislation.gov.uk/ukpga/1988/1/section/802) repealed (with effect in accordance with Sch. 30 para. 14(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 14(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/14/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22895991]: [S. 801A](https://www.legislation.gov.uk/ukpga/1988/1/section/801A) inserted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/90/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/90/1)
[^c22896011]: [S. 801B](https://www.legislation.gov.uk/ukpga/1988/1/section/801B) inserted (with effect in accordance with [Sch. 30 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/12/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/12/1)
[^c22896031]: [S. 801C](https://www.legislation.gov.uk/ukpga/1988/1/section/801C) inserted (with effect in accordance with [Sch. 30 para. 13(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/13/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 13(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/13/1)
[^c22896051]: [S. 803A](https://www.legislation.gov.uk/ukpga/1988/1/section/803A) inserted (with effect in accordance with [Sch. 30 para. 15(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/15/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 15(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/15/1)
[^c22897451]: [S. 804A](https://www.legislation.gov.uk/ukpga/1988/1/section/804A) sidenote substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/5)
[^c21628031]: [S. 804A](https://www.legislation.gov.uk/ukpga/1988/1/section/804A) inserted (with effect in accordance with [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/5)
[^c23804151]: [Ss. 804ZA-804ZC](https://www.legislation.gov.uk/ukpga/1988/1/section/804ZA) inserted (with effect in accordance with [s. 87(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/87/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/87/1)
[^c22897151]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) inserted (with effect in accordance with [Sch. 30 para. 17(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/17/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 17(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/17/1)
[^c22897171]: [Ss. 804C-804E](https://www.legislation.gov.uk/ukpga/1988/1/section/804C) inserted (with effect in accordance with [Sch. 30 para. 18(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/18/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 18(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/18/1)
[^c22897191]: [S. 804F](https://www.legislation.gov.uk/ukpga/1988/1/section/804F) inserted (with effect in accordance with [Sch. 30 para. 19(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/19/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 19(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/19/1)
[^c23804171]: [S. 804G](https://www.legislation.gov.uk/ukpga/1988/1/section/804G) inserted (with effect in accordance with [s. 59(13)](https://www.legislation.gov.uk/ukpga/2009/10/section/59/13) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 59(2)](https://www.legislation.gov.uk/ukpga/2009/10/section/59/2)
[^c21627851]: [Pt. 18 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/18/chapter/2) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22897951]: [Ss. 806A-806H](https://www.legislation.gov.uk/ukpga/1988/1/section/806A), [806J](https://www.legislation.gov.uk/ukpga/1988/1/section/806J) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 21(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/21/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 21(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/21/1)
[^c22897971]: [S. 806K](https://www.legislation.gov.uk/ukpga/1988/1/section/806K) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 22(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/22/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 22(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/22/1)
[^c22897991]: [Ss. 806L](https://www.legislation.gov.uk/ukpga/1988/1/section/806L), [806M](https://www.legislation.gov.uk/ukpga/1988/1/section/806M) and cross-heading inserted (with effect in accordance with [Sch. 30 para. 23(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/23/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/23/1)
[^c21628131]: [S. 808A](https://www.legislation.gov.uk/ukpga/1988/1/section/808A) inserted (16.7.1992 with application in relation to interest paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s.52](https://www.legislation.gov.uk/ukpga/1992/48/section/52)
[^c22899601]: [S. 810](https://www.legislation.gov.uk/ukpga/1988/1/section/810) repealed (with effect in accordance with Sch. 30 para. 26(2) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 26(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/26/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c21628341]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 50](https://www.legislation.gov.uk/ukpga/1992/48/section/50)
[^c21628361]: [S. 815B](https://www.legislation.gov.uk/ukpga/1988/1/section/815B) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 51(1)](https://www.legislation.gov.uk/ukpga/1992/48/section/51/1)
[^c22900261]: Word in [s. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) sidenote substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/b)
[^c22898071]: [S. 807A](https://www.legislation.gov.uk/ukpga/1988/1/section/807A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 46](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/46) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22898091]: [S. 808B](https://www.legislation.gov.uk/ukpga/1988/1/section/808B) inserted (with effect in accordance with [Sch. 30 para. 25(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/25/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 25(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/25/1)
[^c23806191]: [S. 815AZA](https://www.legislation.gov.uk/ukpga/1988/1/section/815AZA) inserted (with effect in accordance with [s. 59(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/59/2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 59(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/59/1)
[^c22898111]: [S. 815AA](https://www.legislation.gov.uk/ukpga/1988/1/section/815AA) inserted (with effect in accordance with [Sch. 30 para. 28(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/28/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 28(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/28/1)
[^c22898131]: [S. 815C](https://www.legislation.gov.uk/ukpga/1988/1/section/815C) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 146(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/146/1)
[^c22900391]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 20 para. 10](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/10) (as amended by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 122(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/122/4/5)) (with Sch. 20 para. 12(2)(a))
[^c22900401]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 87](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/87)
[^c23798871]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 107(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/107/5)
[^c23798881]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12E(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12E/5) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(1) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 1 para. 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16))
[^c23798891]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 30E(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30E/5) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(1) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19))
[^c23798901]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12C(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12C/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8))
[^c23798911]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 30C(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30C/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10))
[^c23798921]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 87A(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/87A/3) (as substituted (29.11.2007 with effect in accordance with regs. 1(2), 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 2 para. 12](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/12))
[^c23798931]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 140H(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140H/3), [140I(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140I/3), [140J(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/140J/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 1](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/1))
[^c23798941]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 paras. 12H(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12H/3), [12I(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12I/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/2))
[^c23798951]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 paras. 30G(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30G/3), [30H(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/30H/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 4](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/4))
[^c23798961]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) applied by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 paras. 85B(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/85B/3), [85C(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/85C/3) (as inserted (29.11.2007 with effect in accordance with regs. 1(2), 3(3) of the amending S.I. (as amended by [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [Sch. 3 para. 5](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/5))
[^c23798971]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23798981]: [Pt. 18](https://www.legislation.gov.uk/ukpga/1988/1/part/18) modified (with effect in accordance with s. 56(3) of the modifying Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 56(1)](https://www.legislation.gov.uk/ukpga/2009/10/section/56/1)
[^c23812421]: [S. 820](https://www.legislation.gov.uk/ukpga/1988/1/section/820) applied (6.4.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)(2)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1/2), [Sch. 2 para. 160](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2/paragraph/160)
[^c21628511]: Source—1970 s.520
[^c21628521]: Source—1970 s.521; 1972 Sch.24 29; 1983 s.27.
[^c23812431]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812451]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812471]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812491]: Words in [s. 821(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812521]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22800531]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/22)
[^c23812541]: Words in [s. 821(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 330(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/330/f), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628531]: [S. 821(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/aa) inserted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(7)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/7); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816) art. 2
[^c22800561]: [S. 821(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/821/3/c) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21628541]: Source—1970 s.522; 1971 Sch.6 76; 1972 Sch.24 30
[^c22800621]: Words in [s. 822(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/822/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/23)
[^c21628821]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 173](https://www.legislation.gov.uk/ukpga/1993/34/section/173), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3), [Sch. 19 Pt. III para. 13(4)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/19/part/III/paragraph/13/4)
[^c22800861]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (2.1.1996) by [The Lloyd's Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995 (S.I. 1995/3225)](https://www.legislation.gov.uk/uksi/1995/3225), [reg. 12(2)](https://www.legislation.gov.uk/uksi/1995/3225/regulation/12/2) (with [reg. 13](https://www.legislation.gov.uk/uksi/1995/3225/regulation/13))
[^c23813151]: [S. 824](https://www.legislation.gov.uk/ukpga/1988/1/section/824) excluded (27.12.2005 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 2005 (S.I. 2005/3338)](https://www.legislation.gov.uk/uksi/2005/3338), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/1/1), [14(4)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/14/4)
[^c22800701]: [S. 824(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1) substituted (with effect in accordance with s. 199(2)(3), [Sch. 19 para. 41(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21628871]: [S. 824(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/b)
[^c21628881]: [S. 824(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/1A) repealed (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10), Note; [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c22801911]: [S. 824(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(d)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/d)
[^c22801811]: [S. 824(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2B) inserted (retrospectively, with effect in accordance with [s. 41(4)-(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/2)
[^c22801851]: [S. 824(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2C) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/2)
[^c22800731]: [S. 824(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3) substituted (with effect in accordance with s. 199(2)(3), [Sch. 19 para. 41(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23813081]: [S. 824(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 108](https://www.legislation.gov.uk/ukpga/2004/12/section/108)
[^c22801831]: [S. 824(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/aa) inserted (retrospectively, with effect in accordance with [s. 41(4)-(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 41(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/41/3)
[^c22801871]: [S. 824(3)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/ab) inserted (with effect in accordance with [s. 90(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 90(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/90/3)
[^c22800891]: [S. 824(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/a/b) substituted (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/2)
[^c22800931]: Words in [s. 824(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/3/c) substituted (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/3)
[^c22800911]: [S. 824(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4/4A) substituted for s. 824(4) (with effect in accordance with [s. 92(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/4)
[^c23813061]: Words in [s. 824(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 104](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/104) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22800751]: [S. 824(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/5) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/a), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629001]: Words in [s. 824(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/6) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [7(f)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/f)
[^c21629011]: Words in [s. 824(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/6) repealed (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10), Note; [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c23813131]: [S. 824(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629031]: Source—1975 (No.2) s.47(11), (12).
[^c23813111]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22800791]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/b), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629041]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (1989-90 and subsequent years) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 110(5)(6)-(9)](https://www.legislation.gov.uk/ukpga/1989/26/section/110/5/6)
[^c21629051]: Words in [s. 824(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/9) substituted (1989-90 and subsequent years) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 111(4)(5)-(8)](https://www.legislation.gov.uk/ukpga/1989/26/section/111/4/5)
[^c22800811]: [S. 824(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/10) repealed (with effect in accordance with s. 199(2)(3), Sch. 19 para. 41(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 41(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/41/3/c), [Sch. 26 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/23), Note 3; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21629171]: Source—1975 (No.2) s.48(1), (2)
[^c21629181]: Words in [s. 825(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/1/a) repealed (for accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/V), Note 6
[^c21629191]: Words in [s. 825(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2) repealed (with effect in relation to payments made on and after 6.4.1993) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 158(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/158/2), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/8), Note 5; [S.I. 1993/753](https://www.legislation.gov.uk/uksi/1993/753)
[^c21629201]: Words in [s. 825(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2) substituted (from 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 179(1)(a)(vii)](https://www.legislation.gov.uk/ukpga/1989/26/section/179/1/a/vii); [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c21629211]: [S. 825(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [8(a)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/8/a)
[^c21629231]: Source—1975 (No.2) s.48(4)-(9)
[^c21629241]: [S. 825(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/a) modified (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(6)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/6) [S. 825(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/a) modified (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120](https://www.legislation.gov.uk/ukpga/1995/4/section/120), [Sch. 24 para. 12(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/5)
[^c21629251]: Words in [s. 825(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4) added by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para.22](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/22)
[^c22801931]: [S. 825(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/4/d) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c21629271]: Words in [s. 825(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/825/2A) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [8(b)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/8/b)
[^c22802091]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) excluded (2.1.1996) by [The Lloyd's Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995 (S.I. 1995/3225)](https://www.legislation.gov.uk/uksi/1995/3225), [reg. 12(2)](https://www.legislation.gov.uk/uksi/1995/3225/regulation/12/2) (with [reg. 13](https://www.legislation.gov.uk/uksi/1995/3225/regulation/13))
[^c22803051]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) applied (with modifications) (7.1.1999 in accordance with reg. 1(2) of the affecting S.I.) by [The Corporation Tax (Instalment Payments) Regulations 1998 (S.I. 1998/3175)](https://www.legislation.gov.uk/uksi/1998/3175), [reg. 8](https://www.legislation.gov.uk/uksi/1998/3175/regulation/8) (as amended by: [S.I. 2005/889](https://www.legislation.gov.uk/uksi/2005/889), [regs. 1(1)(3)](https://www.legislation.gov.uk/uksi/2005/889/regulation/1/1/3), [7](https://www.legislation.gov.uk/uksi/2005/889/regulation/7); [S.I. 2011/1785](https://www.legislation.gov.uk/uksi/2011/1785), [regs. 1](https://www.legislation.gov.uk/uksi/2011/1785/regulation/1), [11](https://www.legislation.gov.uk/uksi/2011/1785/regulation/11); [S.I. 2017/1072](https://www.legislation.gov.uk/uksi/2017/1072), [regs. 1](https://www.legislation.gov.uk/uksi/2017/1072/regulation/1), [10](https://www.legislation.gov.uk/uksi/2017/1072/regulation/10))
[^c23813721]: [S. 826](https://www.legislation.gov.uk/ukpga/1988/1/section/826) excluded (27.12.2005 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 2005 (S.I. 2005/3338)](https://www.legislation.gov.uk/uksi/2005/3338), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/1/1), [14(4)(6)(b)](https://www.legislation.gov.uk/uksi/2005/3338/regulation/14/4/6/b)
[^c21629411]: Source—1987 (No.2) s.87
[^c21629401]: [S. 826(1)(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/8/9) power exercised: 30.9.1993 appointed by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c22801941]: [S. 826(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 20(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/20/2)
[^c22803111]: [S. 826(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/d) and preceding word inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/2)
[^c22803291]: [S. 826(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/e) and preceding word inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/2)
[^c22803411]: [S. 826(1)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1/da) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/2)
[^c21629431]: Words in [s. 826(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/1) substituted (retrospectively) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 180(6)(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/180/6/7)
[^c22802801]: Words in [s. 826(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/1/1)
[^c22801981]: Words in [s. 826(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 42](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/42); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22801961]: [S. 826(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 20(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/20/3)
[^c22803001]: [S. 826(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/2A) repealed (with effect in accordance with Sch. 3 para. 38(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802821]: Words in [s. 826(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3) substituted (with effect in accordance with [Sch. 4 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/2/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/2/1)
[^c22803131]: [S. 826(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3A) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/3)
[^c22803281]: [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36).
[^c22803431]: [S. 826(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3AA) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/3)
[^c22803311]: [S. 826(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/3B) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/3)
[^c22803071]: Words in [s. 826(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4) substituted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 90(1)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/1/a)
[^c22802121]: [S. 826(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4/a) substituted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/5)
[^c22803091]: Words in [s. 826(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/4/a/i) inserted (with effect in accordance with [s. 90(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 90(1)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/90/1/b)
[^c22802981]: [S. 826(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5A) inserted (with effect in accordance with [s. 34(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/4)
[^c22803021]: [S. 826(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7) repealed (with effect in accordance with Sch. 3 para. 38(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21629471]: [S. 826(7A)(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7A/7B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 23](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/23)
[^c21629481]: Words in [s. 826(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7A) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/2)
[^c22802881]: Words in [s. 826(7)(7A)(7B)(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7/7A/7B/7C) substituted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/2)
[^c21629491]: [S. 826(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/10/3/5)
[^c22803031]: [S. 826(7AA)(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA/7CA) repealed (with effect in accordance with Sch. 3 para. 38(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802231]: [S. 826(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7B) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c22803211]: [S. 826(7BB)(7BC)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7BB/7BC) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/2)
[^c21629521]: [S. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/5)
[^c22802141]: Words in [s. 826(7C)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/a) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802161]: Words in [s. 826(7C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802041]: Words in [s. 826(7C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C/c) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 11(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/11/a)
[^c22802061]: Words in [s. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 11(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/11/b)
[^c22802021]: [S. 826(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7CA) inserted (with effect in accordance with [Sch. 24 para. 12(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para. 12(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/12/2)
[^c22803061]: [S. 826(7AA)(7CA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7AA/7CA) repealed (with effect in accordance with Sch. 3 para. 38(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 38(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/38/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22802901]: [S. 826(7D)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7D) inserted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/3)
[^c22803231]: Words in [s. 826(7D)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7D) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/3)
[^c22802921]: [S. 826(7E)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7E) inserted (with effect in accordance with [Sch. 4 para. 5(5)(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/5/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 5(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/5/4)
[^c22803251]: Words in [s. 826(7E)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7E) inserted (28.7.2000) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 29(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/29/4)
[^c22802841]: [S. 826(8A)-(8C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A) inserted (with effect in accordance with [Sch. 4 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/3/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/3/1)
[^c22803151]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/4/a)
[^c22803331]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/4/a)
[^c22803171]: [S. 826(8A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b) substituted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/4/b)
[^c22803471]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/4/b)
[^c22803351]: Words in [s. 826(8A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/b/ii) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/4/b)
[^c22803191]: [S. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 69(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/69/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 21 para. 1(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/21/paragraph/1/5)
[^c22803491]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/5)
[^c22803371]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(5)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/5/a)
[^c22803391]: Words in [s. 826(8BA)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8BA) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 23 para. 3(5)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/3/5/b)
[^c22800351]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22800361]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c21629661]: Source—1970 ss.65(5), 204, 231(3), 343 (1A); 1970(F) s.29(6), Sch.5 2(3), 10; 1972 ss.91(3), 108(4); 1973 Sch.16 17(2); 1975 (No.2) ss.47(10), 48(6), 69(9), 70(8), 70A(3); 1976 ss.64(4), 64A, (4) Sch.4 16(2); 1980 s.24(9); [Sch.10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) 13(3); 1982 ss.28(5), 29(1), (3), Sch.7 14(2); 1984 ss.26(1), 88(8), 126(1), Sch.8 2(1)(f), 3A; 1983 Sch.5 5A(9), 6(8); 1986 s.28, 61, Sch.11 11, Sch.12 3, Sch.17 6(7).
[^c23815221]: [S. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) excluded by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 22C(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/22C/3) (as inserted (1.7.2005) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 7 paras. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/8), [18(1)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/18/1) (with [Sch. 7 paras. 19-21](https://www.legislation.gov.uk/ukpga/2005/7/schedule/7/paragraph/19)))
[^c21629681]: Source—1970 ss.65(5), 204, 343(1B); 1970(F) s.29(8), Sch.5 2(3), 10; 1973 Sch.16 17(2); 1975 (No.2) ss.47(10), 48(6), 69(9), 70(8), 70A(3); 1976 ss.64(4), 64A(4); 1982 s.29(5); 1983 Sch.5 5A(9), 6(9); 1984 ss.26(6), 88(8), Sch.8 2(1), 3A; 1986 ss.26, 27(7), 55, Sch.11 11, Sch.12 3, Sch.17 6(7)
[^c23815121]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 180(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/180/2)
[^c23815201]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22803711]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(19)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/19)
[^c22803751]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) repealed (with effect in accordance with Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c21629701]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 118(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/118/2)
[^c21629711]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 6 para. 16](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/16)
[^c22803741]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/1/2)
[^c21629721]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [Sch. 1 para. 8(34)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/34)
[^c23815101]: [S. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) added (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23816161]: [S. 830(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/5) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 106](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/106), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22800331]: [S. 826A](https://www.legislation.gov.uk/ukpga/1988/1/section/826A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 1(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/1/2)
[^c23811391]: [S. 827A](https://www.legislation.gov.uk/ukpga/1988/1/section/827A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 333](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/333) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629861]: Source—1970 s.526(1), (2); 1987 Sch.15 12
[^c23816541]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITEPA 2003" inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 107](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/107) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23816561]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "ITTOIA 2005" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 336](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/336) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629871]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "the 1990 Act" inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [Sch. 1 para. 8(35)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/35); and that amendment continued by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579), [Sch. 2 para. 59](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/59)
[^c21629881]: [S. 831(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/3): definition of "the 1992 Act" inserted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(53)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/53/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22803801]: [S. 831(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/4) applied (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 144(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/144/2)
[^c21629891]: [1987 c. 42](https://www.legislation.gov.uk/ukpga/1987/42).
[^c21629901]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c21629911]: [1986 c. 9](https://www.legislation.gov.uk/ukpga/1986/9).
[^c21629921]: Source—1970 s.540(2)
[^c21629931]: Words in [s. 831(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/831/5) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(53)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/53/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23820331]: [S. 836A](https://www.legislation.gov.uk/ukpga/1988/1/section/836A) repealed (with effect in accordance with s. 80(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 25](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/25), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 2
[^c22806921]: [S. 841A](https://www.legislation.gov.uk/ukpga/1988/1/section/841A) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c21631481]: [S. 842A](https://www.legislation.gov.uk/ukpga/1988/1/section/842A) inserted (1.4.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.127(1)(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/127/1/4)
[^c23812171]: [S. 834A](https://www.legislation.gov.uk/ukpga/1988/1/section/834A) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 274](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/274) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23812191]: [S. 834B](https://www.legislation.gov.uk/ukpga/1988/1/section/834B) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 275](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/275) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23812211]: [S. 834C](https://www.legislation.gov.uk/ukpga/1988/1/section/834C) inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 276](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/276) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c22805631]: [S. 836A](https://www.legislation.gov.uk/ukpga/1988/1/section/836A) inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/2)
[^c23811481]: [S. 836B](https://www.legislation.gov.uk/ukpga/1988/1/section/836B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 340](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/340) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22805561]: [S. 837A](https://www.legislation.gov.uk/ukpga/1988/1/section/837A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/1)
[^c22805581]: [S. 837B](https://www.legislation.gov.uk/ukpga/1988/1/section/837B) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/2)
[^c23811461]: [S. 837C](https://www.legislation.gov.uk/ukpga/1988/1/section/837C) inserted (with effect in accordance with [Sch. 27 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/1)
[^c23812101]: [S. 840ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/840ZA) inserted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 225](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/225) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c22805501]: [S. 840A](https://www.legislation.gov.uk/ukpga/1988/1/section/840A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 1(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/1/1)
[^c22805521]: [S. 841A](https://www.legislation.gov.uk/ukpga/1988/1/section/841A) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 26](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/26) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22805481]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 70(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/70/1)
[^c22805611]: [S. 842B](https://www.legislation.gov.uk/ukpga/1988/1/section/842B) inserted (6.4.2001 with effect in accordance with [s. 76(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/1)
[^c21631551]: Words in [s. 843(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/2) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(56)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/56) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22807521]: Words in [s. 843(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/2) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/8)
[^c21631561]: Words in [s. 843(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/843/4) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/24), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21631571]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c21853671]: [Sch. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/1) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22720851]: [Sch. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/2) repealed (with effect in accordance with Sch. 14 Pt. IV Note 9 of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) ss. 75, 148, Sch.14 Part IV
[^c21853701]: [Sch. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 27](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/27), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21846651]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23389421]: [Sch. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 342](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/342), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390441]: [Sch. 5AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 344](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/344), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22777311]: [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) repealed (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 1(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/1/2), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10), Note 1; [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23390511]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21633181]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c23390521]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390531]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23390541]: [Schs. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6), [6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7), [7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 paras. 110](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/110), [111](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/111), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22205081]: [Sch. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8) repealed (with effect in accordance with s. 61(2)(3), Sch. 18 Pt. 6(3) Notes 1-3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/3)
[^c21634111]: Source—1978 Sch.9 1(1)(a); 1980 Sch.10 1(1)(a); 1984 Sch.10 1(1)
[^c21634121]: Source—1978 Sch.9 1(5); 1980 Sch.10 1(2); 1984 Sch.10 1(2)
[^c21634131]: Source—1978 Sch.9 1(2); 1980 Sch.10 1(3); 1984 Sch.10 1(3)
[^c21634141]: Source—1978 Sch.9 1(2); 1980 Sch.10 1(3); 1984 Sch.10 1(4)
[^c21634151]: Source—1978 Sch.9 1(1)(b); 1980 Sch.10 1(1), (b); 1984 Sch.10 1(1); 1987 Sch.15 13
[^c21634161]: [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/2/2) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(1)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/1/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21634171]: Source—1978 s.54(1); 1986 s.24(3)(a)
[^c22225551]: [Sch. 9 para. 2(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/2/2A/2B) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/53/1/3)
[^c21634181]: Source—1978 Sch.9 2(3), (4); 1980 Sch.10 1(1)(aa), (ab), (1A); 1983 s.25(5); 1984 s.39(2)
[^c22225621]: [Sch. 9 para. 3(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/2/ca) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 53(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/53/2/3)
[^c22225931]: [Sch. 9 para. 3(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/2/f) and preceding word inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 51(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/51/1)
[^c21634191]: Source—1978 Sch.9 3(3)
[^c22225951]: [Sch. 9 para. 3(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/3/4) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 51(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/51/2)
[^c22181491]: [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/4) modified (with effect in accordance with Sch. 16 para. 1 of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 16 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/4)
[^c21634201]: Source—1978 Sch.9 3(2); 1980 Sch.10 3(2); 1984 Sch.10 2(2)
[^c23392191]: [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/5) modified (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 158](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/158)
[^c21634211]: Source—1978 Sch.9 4; 1980 Sch.10 4; 1984 Sch.10 3
[^c21634231]: Source—1978 s.53(7); 1980 Sch.10 25; 1984 Sch.10 14
[^c23392121]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634241]: Source—1978 Sch.9 11(1), (2); 1980 Sch.10 23; 1984 Sch.10 4(1)(b), (3)
[^c21634251]: [Sch. 9 Pt. II para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/II/paragraph/8A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(5)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/5/6)
[^c21634261]: Source—1978 Sch.9 1(1), (3); 1980 Sch.10 5(a); 1984 Sch.10
[^c22225451]: Words in [Sch. 9 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/9/1) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(2)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/2/5)
[^c21634271]: Source—1978 Sch.9 5; 1980 Sch.10 15; 1984 Sch.10 7
[^c21634281]: [Sch. 9 para. 10(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/10/c/ii) and preceding word repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 64](https://www.legislation.gov.uk/ukpga/1989/26/section/64), [Sch. 17 Pt. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/4)
[^c21634291]: Source—1978 Sch.9 6; 1980, s.46(10), Sch.10 16; 1984 Sch.10 8
[^c22194561]: Words in [Sch. 9 para. 11(a)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/11/a/c) substituted (with effect in accordance with [Sch. 38 para. 6(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(j)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/j)
[^c21634321]: Source—1978 Sch.9 7; 1980 Sch.10 17; 1984 Sch.10 9; 1986 s.22, 24(2)
[^c22225511]: Words in [Sch. 9 para. 12(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/12/1/c) substituted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/4/a/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c22225531]: [Sch. 9 para. 12(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/12/1A/1B) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(4)(b)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/4/b/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c21634331]: Source—1980 Sch.10 18; 1982 s.41; 1984 Sch.10 10; 1986 s.23(4)
[^c21634341]: [Sch. 9 para. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/13/3) added (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 69(1)](https://www.legislation.gov.uk/ukpga/1988/39/section/69/1)
[^c21634351]: Source—1978 Sch.9 8; 1980 s.46(11), Sch.10 19; 1984 Sch.10 11; 1986 s.23(3)
[^c21634361]: Source—1980 Sch.10, 10A; 1984 Sch.10 4A; 1987 Sch.4 1, 2; 1987 (No.2) s.59
[^c21634371]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634381]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21634391]: Source—1987 Sch.4 3
[^c23392201]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22225471]: [Sch. 9 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/11A) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 52(3)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/3/5) (with [s. 52(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/52/6))
[^c23392091]: [Sch. 9 Pts. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/2), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392111]: [Sch. 9 Pts. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/2), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634771]: Source—1978 Sch.9 1(3)
[^c21634781]: Source—1978 Sch.9 3(2)
[^c21634801]: Source—1978 Sch.9 1 (4); 1983 s.25(1)
[^c21634811]: Source—1978 s.53(4)
[^c21634821]: Source—1978 Sch.9 12
[^c21634831]: Source—1978 Sch.9 13; 1980 s.46(13)
[^c21880401]: Words in [Sch. 9 para. 32(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/32/1) substituted (with effect in accordance with [s. 101(9)(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/9/10) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/5)
[^c21634841]: Source—1978 Sch.9 14
[^c21880421]: [Sch. 9 para. 33(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/33/a) modified (with effect in accordance with s. 101(11)(12) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/6) (with [s. 101(14)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/14))
[^c21634851]: Source—1978 Sch.9 15
[^c21634861]: Source—1978 Sch.9 9
[^c21634871]: Source—1978 Sch.9 10
[^c21634881]: Source—1978 Sch.9 2; 1983 s.25(4)
[^c21884191]: Words in [Sch. 9 para. 36(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/36/1/a) substituted (with application in accordance with [s. 137(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/4)
[^c21634891]: Source—1987 Sch.4 6-8
[^c21634901]: [Sch. 9 para. 40](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/40) and preceding cross-heading inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 65](https://www.legislation.gov.uk/ukpga/1989/26/section/65)
[^c23392211]: [Sch. 9 Pts. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/2), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/part/6) repealed (except for specified purposes) (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 112(1)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/112/1), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634091]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/2/c/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22180901]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 115](https://www.legislation.gov.uk/ukpga/1996/8/section/115)
[^c22181041]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c22225871]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 49(1)(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/49/1/2)
[^c23392221]: [Sch. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634921]: Source—1978 s.54(2); 1979 Sch.7
[^c21880321]: [Sch. 10 para. 1(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/1/1/cc) inserted (with effect in accordance with [s. 101(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/2)
[^c21634931]: Source—1978 s.54(1A); 1980 s.46(2)
[^c21634941]: Source—1978 s.54(3)
[^c21880361]: [Sch. 10 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/1/4) inserted (with effect in accordance with [s. 101(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/3)
[^c21634991]: Source—1978 s.54(4), (5); 1980 s.46(3); 1986 s.24(3)
[^c22194851]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(4)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/4/b)
[^c22201621]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [art. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2))
[^c21635021]: Words in [Sch. 10 para. 2(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/3)
[^c21635031]: Word at the end of Sch. 10 para. 2(c) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [9](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/9)
[^c21635041]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/3)
[^c22162701]: Words in [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/2) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [ss. 126](https://www.legislation.gov.uk/ukpga/1995/26/section/126), [180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(b)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/b), [s. 178(3)](https://www.legislation.gov.uk/ukpga/1995/26/section/178/3)
[^c22181091]: [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3) substituted (with effect in accordance with [s. 107(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/117/1)
[^c23393091]: Words in [Sch. 10 paras. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3/1), [6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/6/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22778221]: Words in [Sch. 10 para. 3A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A/2) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [s. 180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(c)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/c)
[^c22778231]: Words in [Sch. 10 para. 3A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A/4) substituted (19.7.1995) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [s. 180(2)(a)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/2/a), [Sch. 4 para. 12(d)](https://www.legislation.gov.uk/ukpga/1995/26/schedule/4/paragraph/12/d)
[^c22778211]: [Sch. 10 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 100(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/100/3)
[^c21635091]: Source—1978 s.56(2)-(5)
[^c21635111]: Source—1978 s.57; 1979(C) Sch.7
[^c21635121]: Word in [Sch. 10 para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/5/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(58)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/58) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21880381]: [Sch. 10 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/5A) inserted (with effect in accordance with [s. 101(8)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/8) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 101(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/4) (with [s. 101(13)](https://www.legislation.gov.uk/ukpga/1994/9/section/101/13))
[^c21635131]: Source—1978 s.58; 1983 s.25(1)
[^c23393111]: Words in [Sch. 10 paras. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/3/1), [6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/6/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21635141]: Source—1978 s.59; 1980 s.46(8); 1987 Sch.15 11(3)
[^c23393121]: Words in [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393141]: Words in [Sch. 10 para. 7(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393181]: Word in [Sch. 10 para. 7(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/7/b) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(c)(i)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/c/i), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393161]: Words in [Sch. 10 para. 7(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10/paragraph/7/7/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 113(3)(c)(ii)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/113/3/c/ii) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21634911]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 238(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/238/2/c/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22181061]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/116/3)
[^c23392231]: [Sch. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/10) continued (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23393261]: [Sch. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 114](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/114), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21635371]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c23394021]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 115](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/115), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394041]: [Sch. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 116](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/116), [Sch 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394061]: [Sch. 12AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12AA) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 117](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/117), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23394051]: [Sch. 12A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 118](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/118), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22778561]: [Sch. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13) repealed (with effect in accordance with Sch. 3 para. 41(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 41(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/41/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22779711]: [Sch. 13A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A) repealed (with effect in accordance with Sch. 3 para. 42(2) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 42(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/42/1), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23394071]: [Sch. 13B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3-5](https://www.legislation.gov.uk/uksi/2003/962/article/3))
[^c21636171]: [Sch. 14 para. 1(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/2/3) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch.14 Part VIII](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14), Note 6
[^c23403071]: Cross-heading preceding Sch. 14 para. 1 substituted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/3)
[^c21636201]: Source—1976 Sch.4 11; 1979/1576; 1982 s.35(2), (4); 1970 s.10
[^c21636211]: Words in [Sch. 14 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/2/1/b) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 18(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/18/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636281]: Source—1976 Sch.4 13; 1978 Sch.3 7; 1980 s.29(2)(c); 1987 Sch.15 9
[^c21636291]: Words in [Sch. 14 para. 3(1)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/1/3/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 18(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/18/2/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636311]: Words in [Sch. 14 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/3/a) substituted (6.4.1989) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 29](https://www.legislation.gov.uk/ukpga/1988/39/section/29)
[^c21636341]: Words in [Sch. 14 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/3/4) repealed (with effect in accordance with s. 173 of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 17 Pt. 9](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/9), Note
[^c21636351]: [1969 c.19](https://www.legislation.gov.uk/ukpga/1969/19).
[^c21636361]: Source—1976 Sch.4 14; 1978 Sch.3 2, 8
[^c21636371]: Source—1976 Sch.4 14A; 1978 Sch.3 9
[^c23403131]: Words in [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/5) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 119](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/119) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21636381]: Source—1976 Sch.4 15
[^c22780441]: Words in [Sch. 14 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/6/2) repealed (with effect in accordance with Sch. 18 para. 17(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/2), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21636401]: Source—1976 Sch.4 16; 1978 Sch.3 10
[^c22780431]: Words in [Sch. 14 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/1) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22223751]: [Sch. 14 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/a) substituted (with effect in accordance with [Sch. 18 para. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/a)
[^c22223781]: Words in [Sch. 14 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/b) inserted (with effect in accordance with [Sch. 18 para. 17(1)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/1/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/b)
[^c22223801]: Words in [Sch. 14 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3/c) substituted (with effect in accordance with [Sch. 18 para. 17(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/c)
[^c22223841]: Words in [Sch. 14 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/3) substituted (with effect in accordance with [Sch. 18 para. 17(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(3)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/3/d)
[^c22223861]: [Sch. 14 para. 7(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/7/4/5) added (with effect in accordance with [Sch. 18 para. 17(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/11/4)
[^c21636411]: Source—1970 s.19(5)
[^c21636421]: Source—1984 s.72(2)-(4), (6), (7)
[^c22224031]: Words in [Sch. 14 para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/5)
[^c22224051]: [Sch. 14 para. 8(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/8) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/6)
[^c22780451]: [Sch. 14 para. 8(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/8/8/a) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(b)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/b)
[^c21636441]: Source—1970 Sch.1 1(1)-(4A); 1975 Sch.2 4(2), (3)
[^c21636451]: Source—1975 Sch.2 4(4)
[^c22224071]: Words in [Sch. 15 para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/1/6) substituted (with effect as mentioned in [s. 167(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/7/a); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c21636461]: Source—1970 Sch.1 1(5)-(7); 1975 Sch.2 4(5), (6)
[^c21636471]: Source—1975 Sch.2 4(1)
[^c21636481]: Source—1970 Sch.1 2; 1975 Sch.2 4(7), (8)
[^c22224091]: Words in [Sch. 15 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/2/2) substituted (with effect as mentioned in [s. 167(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/7/b); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c21636491]: Source—1975 Sch.2 4(1)
[^c21636621]: Source—1970 ss.334(2)–(4), 337(5)(a), Sch.1 3, 3A; 1984 s.72(a); 1985 s.41(4), (6), Sch.10 Pt.I; 1979/1576
[^c21636631]: Words in [Sch. 15 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636641]: [Sch. 15 para. 3(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/1/c) and word preceding it repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 9 para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/4/1/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 7
[^c22783601]: [Sch. 15 para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/2/c) repealed (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/3), [Sch. 29 Pt. 8(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/6)
[^c21636701]: Words in [Sch. 15 para. 3(2)(c)(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/2/c/4/c) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/3/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636711]: [Sch. 15 para. 3(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/4A) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636541]: Words in [Sch. 15 para. 3(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/8/b/ii) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 49(5)](https://www.legislation.gov.uk/ukpga/1990/29/section/49/5)
[^c23394081]: [Sch. 15 para. 3(8)(b)(iii)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/3/8/b/iii/c) and word preceding para. (b)(iii) repealed (retrospectively with effect in accordance with s. 172(6) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/3), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 3
[^c21636781]: [Sch. 15 para. 4(3)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/4/3/b/i) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 19(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/6), [22](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/22); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22783611]: Words in [Sch. 15 para. 4(3)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/4/3/b/i) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/2)
[^c21636821]: Source—1970 Sch.1, 3; 1985 s.41(4)
[^c21636831]: Words in [Sch. 15 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 19(7)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/19/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21636851]: Source—FSA 1974 s.64(2B); 1985 s.41(1); 1987 s.30(6)
[^c23820431]: [Sch. 15 para. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6A) inserted (with effect in accordance with [s. 178](https://www.legislation.gov.uk/ukpga/2012/14/section/178) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 18 para. 13(6)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/18/paragraph/13/6)
[^c21636861]: Source—1970 Sch.1 4; 1976 Sch.4 12
[^c21636871]: Source—1975 Sch.2 7; 1976 Sch.4 19(4)
[^c22783711]: [Sch. 15 para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/8A) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(c)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/c)
[^c22783691]: [Sch. 15 para. 8A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/8A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/8)
[^c21636881]: Source—1970 Sch.1 5
[^c21636891]: Source—1976 Sch.4 2, 2A; 1978 Sch.3 4; 1982 s.35(1)
[^c22783631]: Words in [Sch. 15 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/11/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/3)
[^c21636911]: [1974 c. 49](https://www.legislation.gov.uk/ukpga/1974/49).
[^c21636921]: Source—1970 Sch.1 6, 7
[^c23820501]: Words in [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/12) inserted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/1)
[^c23820531]: Words in [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/12) heading substituted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/2)
[^c21636931]: Source—1980 s.30; 1984 s.74; 1982 s.35(3)
[^c22783651]: Words in [Sch. 15 para. 14(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/14/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/4)
[^c22783671]: [Sch. 15 para. 14(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/14/3A) inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 47(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/47/5)
[^c21636961]: Source—1970 Sch.1 8
[^c21636971]: Source—1984 s.72(9)(a)
[^c21636981]: Source—1970 Sch.1 9(1), (2)
[^c21636991]: Word in [Sch. 15 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/17/2/a) inserted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [10](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/10)
[^c21637001]: Source—1970 Sch.1 9(3); 1984 s.76(3), (6)
[^c23820571]: Words in [Sch. 15 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/17/3/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21637011]: Source—1975 Sch.2 5
[^c21637021]: Source—1970 Sch.1 10
[^c21637031]: Word in [Sch. 15 para. 18(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [11](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/11)
[^c22224111]: [Sch. 15 para. 18(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/c) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/9)
[^c22783721]: [Sch. 15 para. 18(3)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/c/i) power exercised: 1.12.2001 appointed by [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(c)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/c)
[^c23820691]: [Sch. 15 para. 18(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/3/d) and preceding word inserted (partly retrospective, and otherwise with effect in accordance with [s. 87(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 87(2)(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/2/4/6)
[^c23820671]: [Sch. 15 para. 18(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/18/4) inserted (retrospectively with effect in accordance with [s. 172(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/4)
[^c21637041]: Source—1975 Sch.2 3
[^c21637051]: Source—1982 s.34
[^c23820991]: [Sch. 15 para. 20ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/20ZA) and preceding cross-heading inserted (1.4.2011 with effect in accordance with art. 15(2) of the amending S.I.) by The Enactment of Extra-[Statutory Concessions Order 2011 (S.I. 2011/1037)](https://www.legislation.gov.uk/uksi/2011/1037), [arts. 1](https://www.legislation.gov.uk/uksi/2011/1037/article/1), [15(1)](https://www.legislation.gov.uk/uksi/2011/1037/article/15/1)
[^c23821011]: [Sch. 15 paras. B1-B3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/B1), cross-headings and preceding heading inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/3)
[^c23820741]: [Sch. 15 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/21) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c23820721]: [Sch. 15 para. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/22) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(4)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/4/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21637101]: Source—1984 Sch.15 Pt.II 1
[^c21637111]: Source—1975 Sch.2 1A; 1984 Sch.5 Pt.I
[^c22783761]: [Sch. 15 para. 24(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/2/2A) substituted for para. 24(2) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(a)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/a/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22783871]: Words in [Sch. 15 para. 24(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/2A) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/2)
[^c22783781]: Words in [Sch. 15 para. 24(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/3) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(b)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/b/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c23821121]: Words in [Sch. 15 para. 24(3)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/3/b/c) substituted (with effect in accordance with [s. 155(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/155/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/1/4)
[^c22783811]: [Sch. 15 para. 24(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/24/4) repealed (with effect in accordance with s. 55(1)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(5)(b)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/5/b/9), [Sch. 29 Pt. 8(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/7), Note (as s. 55 of that repealing Act is amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21637121]: Source—1984 Sch.15 Pt.II 2-4
[^c22783831]: [Sch. 15 para. 25(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2) substituted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(6)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/6/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c22783891]: Words in [Sch. 15 para. 25(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/2)
[^c22783851]: Word in [Sch. 15 para. 27(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/27/1) substituted (except for specified purposes) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(7)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/7/9) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1)); [S.I. 2013/759](https://www.legislation.gov.uk/uksi/2013/759), [art. 2](https://www.legislation.gov.uk/uksi/2013/759/article/2)
[^c21636431]: [Sch. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15) modified by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/5) (2)
[^c22783591]: [Sch. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15) modified (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 4(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/4/2/3)
[^c23820911]: [Sch. 15 Pt. A1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/part/A1) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/2)
[^c23821411]: [Sch. 15A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 345](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/345), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821711]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821731]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23821741]: [Sch. 15B paras. 7-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22784011]: [Sch. 15B Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/part/2) applied (1.5.1995) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 151A(6)](https://www.legislation.gov.uk/ukpga/1992/12/section/151A/6) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/3))
[^c23838611]: [Sch. 17A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/17A) repealed and replaced (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1/c), [Sch. 18](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c23822181]: [Sch. 19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19) repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 103](https://www.legislation.gov.uk/ukpga/1989/26/section/103), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Pt. V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/V), Notes 1, 3
[^c21638151]: [Sch. 19AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA) inserted (for accounting periods beginning on or after 1 January 1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 6](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/6), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c22799861]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (with effect in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art. 2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22799851]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) repealed (with effect in accordance with s. 87(2)-(5) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 87(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/87/1), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12), Note (the provisions of Sch. 19AB not applying in relation to tax credits in respect of distributions made on or after 6th April 2004)
[^c21638371]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c21638581]: [Sch. 19A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A) inserted (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 58(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/58/4/a/5), [Sch. 5](https://www.legislation.gov.uk/ukpga/1988/39/schedule/5)
[^c21638591]: [Sch. 19A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A) repealed and superseded (with [Sch. 19](https://www.legislation.gov.uk/ukpga/1993/34/schedule/19) of the amending Act) (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 173(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/173/2), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 5
[^c23823171]: [Sch. 19B para. 18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B/paragraph/18A) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 154(9)](https://www.legislation.gov.uk/ukpga/2006/25/section/154/9)
[^c22776191]: [Sch. 21 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/3) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 43](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/43), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22781711]: Words in [Sch. 21 para. 6(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/1/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 65](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/65)
[^c22780141]: Words in [Sch. 21 para. 6(1)(b)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/1/b/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22774581]: [Sch. 21 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/6/2) repealed (with effect in accordance with s. 164(1)(2) of the repealing Act) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164(4)(5)](https://www.legislation.gov.uk/ukpga/1990/1/section/164/4/5), [Sch. 2](https://www.legislation.gov.uk/ukpga/1990/1/schedule/2)
[^c21638971]: Source—[1970 c.10](https://www.legislation.gov.uk/ukpga/1970/10), [Sch.11](https://www.legislation.gov.uk/ukpga/1970/10/schedule/11)
[^c21639191]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c23316941]: Words in [Sch. 24 para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/6)
[^c23317001]: [Sch. 24 para. 1(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/2)
[^c23317431]: Words in [Sch. 24A para. 1(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24A/paragraph/1/3A/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317451]: [Sch. 24 para. 1(3A)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A/b/i) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317491]: Words in [Sch. 24 para. 1(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/3A) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317511]: Words in [Sch. 24 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317531]: [Sch. 24 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317551]: Words in [Sch. 24 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826371]: Words in [Sch. 24 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/5) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23317061]: [Sch. 24 para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/1/6) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/3)
[^c23317181]: Words in [Sch. 24 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/4)
[^c23317571]: Words in [Sch. 24 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 18(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/18/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317591]: Words in [Sch. 24 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 18(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/18/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319061]: [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1) excluded (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 116(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/116/3)
[^c23826541]: [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1) restricted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 870(4)(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/870/4/5) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23317241]: [Sch. 24 para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/5)
[^c23317611]: Words in [Sch. 24 para. 4(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/1A/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319081]: [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) modified (29.5.2001 with effect in accordance with reg. 1 of the modifying S.I.) by [The General Insurance Reserves (Tax) Regulations 2001 (S.I. 2001/1757)](https://www.legislation.gov.uk/uksi/2001/1757), [reg. 8(3)](https://www.legislation.gov.uk/uksi/2001/1757/regulation/8/3)
[^c23317281]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/6/a)
[^c23317631]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317651]: Words in [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317321]: [Sch. 24 para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/7)
[^c23317731]: [Sch. 24 para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/2A) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/4), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23316821]: [Sch. 24 para. 4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3/4) applied (with modifications) (23.3.1995) by [The Exchange Gains and Losses (Alternative Method of Calculation of Gain or Loss) Regulations 1994 (S.I. 1994/3227)](https://www.legislation.gov.uk/uksi/1994/3227), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3227/regulation/1/2), [6](https://www.legislation.gov.uk/uksi/1994/3227/regulation/6)
[^c23317671]: Words in [Sch. 24 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317341]: [Sch. 24 para. 4(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/8)
[^c21639461]: [Sch. 24 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4A) inserted (27.7.1993 with effect as mentioned in s. 96(2) of the amending act in relation to any accounting period on or after such day as may be appointed under [s. 165(7)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/165/7/b) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 96(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/96/1/2), [165(7)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/165/7/b)
[^c23316861]: [Sch. 24 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4A) deemed never to have been inserted, by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/3), [Sch. 29 Pt. 8(18)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/18), Note
[^c23318821]: [Sch. 24 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/5) renumbered as para. 5(1) (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/10)
[^c23318801]: [Sch. 24 para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/5/2) inserted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/10)
[^c23318881]: [Sch. 24 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/6) repealed (with application in accordance with Sch. 33 Pt. 2(10) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/10)
[^c23317791]: [Sch. 24 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/7) repealed (with effect in accordance with Sch. 3 para. 43(4) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 43(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/43/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23826381]: Words in [Sch. 24 para. 8(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/8/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23318321]: Words in [Sch. 24 para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/3/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318471]: Words in [Sch. 24 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317371]: Words in [Sch. 24 para. 9(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/c) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/9)
[^c23318421]: Words in [Sch. 24 para. 9(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/1/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318341]: [Sch. 24 para. 9(2)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/2/5/6) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(4)(7)(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/4/7/8), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318491]: Words in [Sch. 24 para. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318541]: [Sch. 24 para. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318721]: [Sch. 24 para. 9(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/9/7) added (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 20(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/20/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318741]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 21(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/21/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317391]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 3(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/3/10)
[^c23318761]: Words in [Sch. 24 para. 10(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 21(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/21/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23318901]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/1/a)
[^c23318921]: Words in [Sch. 24 para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/1/b)
[^c23318941]: Words in [Sch. 24 para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/10/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/2)
[^c23317811]: [Sch. 24 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 22](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/22), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826441]: [Sch. 24 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11A) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23319101]: Words in cross-heading relating to Sch. 24 para. 11A inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by virtue of [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 66(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/66/3/a)
[^c23317891]: [Sch. 24 para. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/11A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/4)
[^c23318981]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319001]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319011]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319021]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319031]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319041]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23319051]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) repealed (with effect in accordance with s. 79(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), Note
[^c23826401]: [Sch. 24 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/20) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/4), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23318841]: [Sch. 24](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 54(2)-(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/54/2)
[^c21639451]: Source-1984 Sch. 16, 1985 Sch. 14 16
[^c23318021]: [Sch. 24 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/13) and cross-heading inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/6/5)
[^c23318781]: [Sch. 24 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/20) and cross-heading inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 24](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/24); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322261]: Words in [Sch. 25 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/2/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/29); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827081]: [Sch. 25 para. 5(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/5/3) inserted (with effect in accordance with [s. 201(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/201/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 201(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/201/1)
[^c23322851]: Words in [Sch. 25 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2/b) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/2/a)
[^c23322871]: Words in [Sch. 25 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2/b) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/2/b)
[^c23322891]: [Sch. 25 para. 6(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/5/3)
[^c23827061]: Word in [Sch. 25 para. 6(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A) repealed (retrospective to 27.11.2002 with effect in accordance with s. 200(2)(3) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/3), [Sch. 43 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/5/2)
[^c23826941]: [Sch. 25 para. 6(2A)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A/d) and words inserted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/3)
[^c23827101]: Words in [Sch. 25 para. 6(2A)(e)(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2A/e/2C) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23826961]: [Sch. 25 para. 6(2B)(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/2B/2C) inserted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/4)
[^c23322911]: Words in [Sch. 25 para. 6(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/6/2)
[^c23322411]: Words in [Sch. 25 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322431]: Words in [Sch. 25 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/3/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322951]: [Sch. 25 para. 6(4ZA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4ZA) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/3)
[^c23322521]: [Sch. 25 para. 6(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4A/4B) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323001]: [Sch. 25 para. 6(4AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4AA) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/5)
[^c23323081]: [Sch. 25 para. 6(4BB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4BB) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/7)
[^c23322541]: [Sch. 25 para. 6(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4C) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23826981]: Words in [Sch. 25 para. 6(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4C) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/5)
[^c23322581]: Words in [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/8/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323101]: Words in [Sch. 25 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/8)
[^c23323131]: [Sch. 25 para. 6(5ZB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5ZB) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/9)
[^c23322611]: [Sch. 25 para. 6(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23323151]: [Sch. 25 para. 6(5B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5B) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(10)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/10)
[^c23322631]: Words in [Sch. 25 para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/3) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 31(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/31/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827121]: Words in [Sch. 25 para. 8(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/8/4/a) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21639571]: Words in [Sch. 25 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1/a) substituted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [s. 305(3)](https://www.legislation.gov.uk/ukpga/1988/48/section/305/3), [Sch. 7 para. 36(9)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/9); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c21639581]: [Sch. 25 para. 9(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1A) inserted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [s. 305(3)](https://www.legislation.gov.uk/ukpga/1988/48/section/305/3), [Sch. 7 para. 36(9)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/9); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c23322651]: [Sch. 25 para. 9(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/1A) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/2)
[^c23322671]: Word in [Sch. 25 para. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/9/3) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/4/a)
[^c23323191]: Words in [Sch. 25 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/a)
[^c23322691]: [Sch. 25 para. 11(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/c) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/3)
[^c23323231]: Word preceding Sch. 25 para. 11(1)(g) repealed (with effect in accordance with Sch. 31 para. 9(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/b), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23323381]: [Sch. 25 para. 11(1)(g)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/g) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 51(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/51/2)
[^c23323211]: [Sch. 25 para. 11(1)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1/h) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 8(2)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/8/2/c)
[^c23323401]: [Sch. 25 para. 11(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/1A) inserted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 51(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/51/3)
[^c23322711]: Word in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) substituted (with effect in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 112(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/112/4/b)
[^c23827001]: [Sch. 25 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/a) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/3/2)
[^c23827021]: [Sch. 25 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/c) and preceding word added (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/3/3)
[^c23827141]: Words in [Sch. 25 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/11/3/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23322731]: Words in [Sch. 25 para. 12(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322751]: Words in [Sch. 25 para. 12(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/5/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322771]: Words in [Sch. 25 para. 12(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/12/5/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/32/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23827971]: [Sch. 25 Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2) modified (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 16 para. 17](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/17) (with [Sch. 16 paras. 13-16](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/13), [18-20](https://www.legislation.gov.uk/ukpga/2009/10/schedule/16/paragraph/18))
[^c23321991]: Words in [Sch. 25 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/16/2/a) inserted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(6)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/6/a)
[^c23322011]: Words in [Sch. 25 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/16/2/b) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(6)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/6/b)
[^c23322041]: [Sch. 25](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25) heading substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 25](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/25); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23828051]: [Sch. 25 Pts. 2A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2A), [2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/2B) (paras. 12B-12N) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 3](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/3)
[^c23828071]: [Sch. 25 Pt. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/part/3A) (paras. 15A-15G) inserted (with effect in accordance with [Sch. 12 para. 14(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/14/2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 12 para. 8](https://www.legislation.gov.uk/ukpga/2011/11/schedule/12/paragraph/8)
[^c23319251]: [Sch. 26 para. 1(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/1/c) and preceding word repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319271]: Words in [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/2/b), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319231]: Words in [Sch. 26 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/2/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23828091]: [Sch. 26 para. 1(3)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/cc) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 38(2)
[^c23319211]: Word at the end of Sch. 26 para. 1(3)(d) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23319191]: [Sch. 26 para. 1(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/f) and preceding word inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 53](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/53) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23319291]: [Sch. 26 para. 1(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/4/6) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 34(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/34/4/5), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639601]: Source—1984 Sch.18.
[^c23319341]: [Sch. 26 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/2) repealed (with effect in accordance with Sch. 3 para. 44(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 44(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/44/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note (with Sch. 3 para. 44(4))
[^c23319361]: [Sch. 26 para. 3(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319381]: Words in [Sch. 26 para. 3(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/b/c) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319411]: Words in [Sch. 26 para. 3(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/1/d) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639621]: Words in [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(62)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/62) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23319441]: Words in [Sch. 26 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319461]: Words in [Sch. 26 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319481]: [Sch. 26 para. 3(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/3/6A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 35(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/35/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319501]: [Sch. 26 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/1/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319521]: Words in [Sch. 26 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/1/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23319541]: Words in [Sch. 26 para. 4(2)(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/4/2/5/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 36(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/36/4/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23831011]: [Sch. 28A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A) heading substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(11)
[^c23838041]: [Sch. 29 paras. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/2) repealed by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164](https://www.legislation.gov.uk/ukpga/1990/1/section/164), [Sch. 2](https://www.legislation.gov.uk/ukpga/1990/1/schedule/2)
[^c23838141]: [Sch. 29 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/4) repealed (with effect in accordance with s. 90 of the repealing Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Pt. 5](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/5), Note 2
[^c23837361]: [Sch. 29 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/5) repealed by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 8](https://www.legislation.gov.uk/ukpga/1988/48/schedule/8); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816)
[^c23835881]: [Sch. 29 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/6) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23837371]: [Sch. 29 para. 7(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/7/1/3) repealed (1988-89 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Pt. 4](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/4), Note 9
[^c21639901]: Words in [Sch. 29 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/8) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch. 13 paras. 1](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/1), [13](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/13)
[^c22809691]: Words in [Sch. 29 para. 10(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/3) repealed (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21639921]: [Sch. 29 para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/4/b) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c22809701]: [Sch. 29 para. 10(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/10/7) repealed (with effect in accordance with Sch. 27 Pt. 3(28) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21639931]: [Sch. 29 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/11) repealed (1.1.1994) by [Friendly Societies Act 1992 (c. 40)](https://www.legislation.gov.uk/ukpga/1992/40), [s. 120(2)](https://www.legislation.gov.uk/ukpga/1992/40/section/120/2), [Sch. 22 Pt. I](https://www.legislation.gov.uk/ukpga/1992/40/schedule/22/part/I) (with [ss. 7(5)](https://www.legislation.gov.uk/ukpga/1992/40/section/7/5), [93(4)](https://www.legislation.gov.uk/ukpga/1992/40/section/93/4)); [S.I. 1993/2213](https://www.legislation.gov.uk/uksi/1993/2213), [art. 2(1)](https://www.legislation.gov.uk/uksi/1993/2213/article/2/1), [Sch.6](https://www.legislation.gov.uk/uksi/1993/2213/schedule/6) Appendix
[^c21639941]: [Sch. 29 para. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/12) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21639971]: [Sch. 29 para. 14](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/14) repealed (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch.1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1) (with [Sch. 3 paras. 2](https://www.legislation.gov.uk/ukpga/1992/9/schedule/3/paragraph/2), [4](https://www.legislation.gov.uk/ukpga/1992/9/schedule/3/paragraph/4))
[^c21639981]: [Sch. 29 para. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/15) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21639991]: [Sch. 29 para. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/16) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640001]: [Sch. 29 para. 17](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/17) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640011]: [Sch. 29 para. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/18) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640021]: [Sch. 29 para. 19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/19) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640031]: [Sch. 29 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/20) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640041]: [Sch. 29 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/21) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640051]: [Sch. 29 para. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/22) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640061]: [Sch. 29 para. 23](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/23) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640071]: [Sch. 29 para. 24](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/24) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640081]: [Sch. 29 para. 25](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/25) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640091]: [Sch. 29 para. 26](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/26) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640101]: [Sch. 29 para. 27](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/27) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c21640111]: [Sch. 29 para. 28](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/28) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c22809711]: Entry in Sch. 29 para. 32 repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c21642601]: Entry in Sch. 29 para. 32 Table repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 81](https://www.legislation.gov.uk/ukpga/1991/31/section/81), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 1
[^c22809721]: Entries in Sch. 29 para. 32 repealed (with effect in accordance with Sch. 18 para. 17 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/8), Note
[^c21642651]: Entries in Sch. 29 para. 32 repealed (6.3.1992 with effect as mentioned in s. 289(1)(2) of the repealing Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [172](https://www.legislation.gov.uk/ukpga/1992/12/section/172), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21642831]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/6/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/6/schedule/1) and by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1)
[^c23835901]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries repealed (25.7.2003 for specified purposes, 29.12.2003 for further specified purposes) by [Communications Act 2003 (c. 21)](https://www.legislation.gov.uk/ukpga/2003/21), [ss. 406(7)](https://www.legislation.gov.uk/ukpga/2003/21/section/406/7), [411](https://www.legislation.gov.uk/ukpga/2003/21/section/411), [Sch. 19(1)](https://www.legislation.gov.uk/ukpga/2003/21/schedule/19/1),(with transitional provisions in Sch. 18); [S.I. 2003/1900](https://www.legislation.gov.uk/uksi/2003/1900), [art. 1(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/1/2), [2(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/2/1), [3(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/3/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/1900/schedule/1) (with [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/3/2) (as amended ([8](https://www.legislation.gov.uk/uksi/2003/1900/article/8).[12](https://www.legislation.gov.uk/uksi/2003/1900/article/12).[2003](https://www.legislation.gov.uk/uksi/2003/1900/article/2003)) by [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 1(3)](https://www.legislation.gov.uk/uksi/2003/3142/article/1/3))); [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/3142/article/3/2) (with [art. 11](https://www.legislation.gov.uk/uksi/2003/3142/article/11))
[^c23835981]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entries repealed (15.9.2003) by [Enterprise Act 2002 (c. 40)](https://www.legislation.gov.uk/ukpga/2002/40), [s. 279](https://www.legislation.gov.uk/ukpga/2002/40/section/279), [Sch. 26](https://www.legislation.gov.uk/ukpga/2002/40/schedule/26): [S.I. 2003/2093](https://www.legislation.gov.uk/uksi/2003/2093), [art. 2(1)](https://www.legislation.gov.uk/uksi/2003/2093/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/2093/schedule/1) (with [art. 4](https://www.legislation.gov.uk/uksi/2003/2093/article/4))
[^c21643261]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/6/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/6/schedule/1)
[^c21643301]: Entry in Sch. 29 para. 32 repealed (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 3](https://www.legislation.gov.uk/ukpga/1992/9/section/3), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/9/schedule/1)
[^c22809731]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22809741]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c22809751]: [Sch. 30 paras. 10-12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/10) repealed (with effect in accordance with Sch. 29 Pt. 8(8) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(8)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/8)
[^c23836281]: [Sch. 30 paras. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18), [18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836301]: [Sch. 30 paras. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18), [18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21818231]: [Sch. 30 para. 18A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/18A) inserted by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 164](https://www.legislation.gov.uk/ukpga/1990/1/section/164), [Sch. 1 para. 8(43)](https://www.legislation.gov.uk/ukpga/1990/1/schedule/1/paragraph/8/43)
[^c22747341]: [Sch. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4A) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 71(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/71/2), [Sch. 24 para. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/1)
[^c22746961]: [Sch. 5AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA) inserted (with effect in accordance with [s. 80(6)(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/2), [Sch. 11](https://www.legislation.gov.uk/ukpga/1997/16/schedule/11)
[^c22746191]: [Sch. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5A) inserted (with effect in accordance with [s. 85(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 85(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/85/2), [Sch. 19](https://www.legislation.gov.uk/ukpga/1995/4/schedule/19)
[^c22747251]: [Sch. 7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7A) inserted (with effect in accordance with [s. 57(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 57(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/57/1), [Sch. 10 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/10/paragraph/5/2)
[^c22747091]: [Sch. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11) substituted (with effect in accordance with [s. 58(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/58/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 58(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/58/2), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/9/part/1)
[^c22747351]: [Sch. 12AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12AA) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 57(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/2), [Sch. 12 Pt. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/1)
[^c22747141]: [Sch. 12A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A) inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/61/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 61(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/61/2), [Sch. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/10)
[^c22747001]: [Sch. 13A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A) inserted (with effect in accordance with [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/25/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 139](https://www.legislation.gov.uk/ukpga/1996/8/section/139), [Sch. 25 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/25/paragraph/2)
[^c22747231]: [Sch. 13B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B) inserted (with effect in accordance with [s. 30(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/1999/16/schedule/3)
[^c22734791]: [Sch. 15A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/12/paragraph/6/2)
[^c22746341]: [Sch. 15B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B) inserted (with effect in accordance with [s. 71(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/2), [Sch. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/15)
[^c22768001]: [Sch. 17A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/17A) inserted (with effect in accordance with [s. 100(4)](https://www.legislation.gov.uk/ukpga/1990/29/section/100/4) of the amending Act) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 100(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/100/3), [Sch. 15](https://www.legislation.gov.uk/ukpga/1990/29/schedule/15); [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c23377151]: [Sch. 19B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19B) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 286(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/286/3), [Sch. 38](https://www.legislation.gov.uk/ukpga/2004/12/schedule/38)
[^c21567841]: *See* s.686—*income of trustees chargeable at higher rate.*
[^c21567851]: [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(2)](https://www.legislation.gov.uk/uksi/1991/732/article/2/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1992-93) by [1992 c. 20](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(2)(b)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/2/b) (in place of [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(2)](https://www.legislation.gov.uk/uksi/1992/622/article/2/2)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 51(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/51/2) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(2)](https://www.legislation.gov.uk/uksi/1993/755/article/2/2)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1994-95) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 75(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/75/2) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(2)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/2)) [S. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/b) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/2/b) [S. 1(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/aa) amended (1995-96) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 35(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/35/2) (in place of [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/2/a)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1996-97) by [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8), [s. 72(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/72/2) (in place of [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(2)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/2)) [S. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/b) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/2/b) [S. 1(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/aa) amended (1997-98) by [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [s. 54(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/54/2) (in place of [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/2/a)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(2)](https://www.legislation.gov.uk/uksi/1998/755/article/2/2) [S. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/b) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1999/597/article/2/2/b) (the effect of art. 2(2)(a) being superseded by [1999 c. 16](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/1) which substitutes s. 1(2)(aa)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(2)](https://www.legislation.gov.uk/uksi/2000/806/article/2/2) [S. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/b) amended (2001-02) by [S.I. 2001/638](https://www.legislation.gov.uk/uksi/2001/638), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/2001/638/article/2/2/b) [S. 1(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/aa) amended (2001-02) by [2001 c. 9](https://www.legislation.gov.uk/ukpga/2001/9), [s. 51(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/51/1) (in place of [S.I. 2001/638](https://www.legislation.gov.uk/uksi/2001/638), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/2001/638/article/2/2/a)) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2002-03) by [S.I. 2002/707](https://www.legislation.gov.uk/uksi/2002/707), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/707/article/2/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2003-04) by [S.I. 2003/840](https://www.legislation.gov.uk/uksi/2003/840), [art. 2](https://www.legislation.gov.uk/uksi/2003/840/article/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2004-05) by [S.I. 2004/772](https://www.legislation.gov.uk/uksi/2004/772), [art. 2](https://www.legislation.gov.uk/uksi/2004/772/article/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2005-06) by [S.I. 2005/716](https://www.legislation.gov.uk/uksi/2005/716), [art. 2](https://www.legislation.gov.uk/uksi/2005/716/article/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2006-07) by [S.I. 2006/872](https://www.legislation.gov.uk/uksi/2006/872), [art. 2](https://www.legislation.gov.uk/uksi/2006/872/article/2) [S. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2) amended (2007-08) by [S.I. 2007/943](https://www.legislation.gov.uk/uksi/2007/943), [art. 2](https://www.legislation.gov.uk/uksi/2007/943/article/2)
[^c21567861]: Source—1970 s.1; 1971 s.32(1); 1980 s.24(2); 1987 s.20(1)
[^c21567891]: *See* 1990 s.17(1)—*basic rate* 25%*and higher rate* 40%*for* 1990-91.
[^c21567901]: *For earlier years see* Table C Vol.1.
[^c21567911]: Words in [s. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/a) inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(3)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/3/10/11).
[^c21567921]: 1988(F) s.24(2)(a)*for* 1988-89.*Previously* “(b) in respect of so much of an individual's total income as exceeds £17,900, at such higher rates respectively as Parliament may determine in relation to the first £2,500, the next £5,000, the next £7,900, the next £7,900 and the remainder;”.
[^c21567961]: 1990 s.17(1)(b)*for* 1990-91. (Art. 2(2)*of* S.I. [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677) (*in* Part III Vol.5)*was not operated.*)
[^c21567981]: Source‐1980 s.24(3); 1984 Sch.7 3(5)
[^c21567991]: Words in [s. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/3) inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(5)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/5/10/11).
[^c21568001]: Repealed by 1988(F) s. 148 and Sch. 14 Part IV for 1988-89 and subsequent years
[^c21568011]: *See*—1988(F) s.24(2)—*indexation not to apply for* 1988-89.1990 s.17(1)—*indexation not to apply for* 1990-91.
[^c21568021]: [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1991-92 by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 21(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/21/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1992-93 by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(2)(a)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/2/a/5). [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1993-94 by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 51(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/51/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1994-95 by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 75(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/75/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1995-96 by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 35(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/35/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1996-97 by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 72(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/72/2) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 1999-00 by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/5) [S. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) excluded for the year 2001-02 by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 51(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/51/2)
[^c21568031]: Source—1980 s.24(4), (7), (9)
[^c21568041]: Words in [s. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) substituted (27.7.1993 with effect for year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(2)(a)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/2/a/8)
[^c21568061]: Words in [s. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) substituted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by virtue of [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(6)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/6/10/11).
[^c21568071]: [S. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5) repealed (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 107(2)(b)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/2/b/8), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23), [Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/part/III)
[^c21568091]: *See* S.I. [1989 No. 467](https://www.legislation.gov.uk/ukcm/1989/467) in Part III Vol.5.
[^c21568101]: Word in [s. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/6) substituted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by virtue of [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(7)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/7/10/11).
[^c21568111]: [S. 1(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/6A) inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(8)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/8/10/11).
[^c21833131]: [S. 1(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2/aa) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/1)
[^c21833171]: [S. 1(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/2A) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/2)
[^c21833861]: Words in [s. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/3) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/3)
[^c21834131]: Words in [s. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/4) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/4)
[^c21834201]: [S. 1(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5A) inserted (27.7.1999 with effect for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 25(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/25/2)
[^c21834731]: [S. 1(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5A) modified for the year 2002-03 by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 27(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/27/a) [S. 1(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5A) modified for the year 2003-04 by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 132](https://www.legislation.gov.uk/ukpga/2003/14/section/132)
[^c21834181]: Words in [s. 1(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/6A) substituted (27.7.1999 with application for the year 1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/6)
[^c23330151]: [S. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/2/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23330171]: Words in [s. 1(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/5A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/2/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333811]: [S. 1(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 2(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23355861]: Word at the end of s. 1(1)(b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 2(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333831]: [S. 1(1)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/1/1/ba) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 2(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568121]: Source—1970 s.2
[^c21568131]: Source—1970 s.3; 1971 Sch.6 2
[^c21819141]: [S. 3(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/3/c) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 113](https://www.legislation.gov.uk/ukpga/1997/16/section/113) {Sch. 18}
[^c21568141]: Source—1971 s.36; 1975(No. 2) s.44(6)
[^c21819171]: [S. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/1A) inserted (with effect in accordance with [s. 73(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/2)
[^c21819191]: Words in [s. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/2) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73](https://www.legislation.gov.uk/ukpga/1996/8/section/73), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/2)
[^c23332711]: Words in [s. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333721]: [S. 4(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/1B) inserted (retrospective, and with effect in accordance with [s. 33(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/33/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 33(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/33/1)
[^c23333741]: [S. 4(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/4/1B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para 5](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21826471]: Words in [s. 1A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1) substituted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/2)
[^c21826511]: [S. 1A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1A) inserted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/3)
[^c21826531]: [S. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) substituted (with effect in accordance with [s. 31(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 31(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/31/4)
[^c21826691]: Words in [s. 1A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1) substituted (with effect in accordance with [s. 100(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/100/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 100(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/100/1)
[^c21826731]: [S. 1A(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/aa) inserted (with effect in accordance with [s. 100(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/100/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 100(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/100/2)
[^c21826911]: [S. 1A](https://www.legislation.gov.uk/ukpga/1988/1/section/1A) extended (27.7.1999) [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [s. 20](https://www.legislation.gov.uk/ukpga/1999/20/section/20), [Sch. 3 para. 6(4)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/4) (with [Sch. 3 para. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1))
[^c21826771]: [S. 1A(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1B) inserted (with application in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(7)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/7/a)
[^c21826851]: [S. 1A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/6A) inserted (with application in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(7)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/7/b)
[^c21826931]: Words in [s. 1A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1/b) inserted (with effect in accordance with [s. 32(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/32/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 32(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/32/2)
[^c21827091]: [S. 1A(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1AA) inserted (with effect in accordance with [s. 32(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/32/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 32(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/32/3)
[^c23332651]: Word preceding s. 1A(2)(c) repealed (with effect in accordance with s. 173(2) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/1/2), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 1
[^c23332671]: [S. 1A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/d) and preceding word inserted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/1/2)
[^c23332691]: Words in [s. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) inserted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/1/3)
[^c23333201]: Words in [s. 1A(1AA)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1AA/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333221]: [S. 1A(1AA)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1AA/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333241]: Words in [s. 1A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/3/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333261]: Word in [s. 1A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/3/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333281]: [S. 1A(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333301]: Words in [s. 1A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333321]: Words in [s. 1A(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/aa) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333391]: Words in [s. 1A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333411]: Words in [s. 1A(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/d), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2)
[^c23333431]: Words in [s. 1A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/2/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333451]: [S. 1A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333471]: Words in [s. 1A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23355871]: [S. 1A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/4/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/6/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333491]: Words in [s. 1A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333511]: Words in [s. 1A(5)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5/b/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 3(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333531]: [S. 1A(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/5/b/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/7/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333551]: Words in [s. 1A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333371]: [S. 1A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/3/9), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333571]: [S. 1A(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/1A/8/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/4/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 4)](https://www.legislation.gov.uk/ukpga/2005/4), [Sch. 1 para. 3(10)](https://www.legislation.gov.uk/ukpga/2005/4/schedule/1/paragraph/3/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/4/schedule/2))
[^c23333621]: [S. 1B(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/1B/1/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333631]: Word in [s. 1B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/1B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333651]: Words in [s. 1B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/1B/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333681]: [S. 1B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/1B/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 4(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/4/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568171]: [S. 6](https://www.legislation.gov.uk/ukpga/1988/1/section/6) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 1(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/1/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21568181]: Table K Vol.1.*See*—[Trustee Savings Bank Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(2).1990(C) s.92—*balancing charge on a person liable to corporation tax in respect of dwelling houses let on assured tenancies to be made under* Sch.A.
[^c21568191]: Source—1970 s.238
[^c21568201]: *See* 1988(F) s.148*and* Sch.14 Part V*for repeals which will take place from* 6*April* 1993.
[^c21819241]: Words in [s. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4) repealed (with effect in accordance with Sch. 8 Pt. 2(4) Note of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8)
[^c21819261]: Words in [s. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/6/4) repealed (with application in accordance with Sch. 33 Pt. 2(10) Note of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 110](https://www.legislation.gov.uk/ukpga/2001/9/section/110), [Sch. 33](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33)
[^c21568211]: Source—1970 s.240(4), (5)
[^c21568221]: *See*—1970(M) s.94—*set off to be disregarded in computing penalty for failure to deliver a return.*1990 ss.98*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21819281]: [S. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) applied (with modifications) (with effect in accordance with s. 105(1) of the applying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/2) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21568231]: Source—1982 s.26(7)
[^c21568241]: Source—1970 s.240(7)
[^c21819291]: Words in [s. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/2) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c22720351]: [S. 7(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/7/5) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21568301]: Source—1970 s.243 (1)-(3), (5)-(7); 1974 s.36; 1987(No. 2) s.90(1)(a)
[^c21568311]: [S. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/8/3): the day appointed for the purposes of s. 8(3) is 30.9.1993 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b).
[^c21568321]: [S. 8(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/8/4) repealed (27.7.1993 with application in relation to resolutions passed after the day on which [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34) is passed) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 205(7)](https://www.legislation.gov.uk/ukpga/1993/34/section/205/7), [206(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/206/1), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.VI](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/VI)
[^c21568361]: Source—1970 s.250
[^c23332731]: [S. 9(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a/b) substituted for words in s. 9(3) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 4(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332751]: Words in [s. 9(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 4(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333931]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333951]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333871]: Words in [s. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333971]: Words in [s. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23333891]: Words in [s. 9(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/9/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 7(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/7/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21568511]: *See*—1970(M) s.94(2)—*set off to be disregarded in computing penalty for failure to make a return.*1990 ss.98*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21819641]: [S. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) applied (with modifications) (with effect in accordance with s. 105(1) of the applying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/2) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21568521]: Words in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) repealed (27.7.1993 with effect in accordance with [s. 103](https://www.legislation.gov.uk/ukpga/1993/34/section/103) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103](https://www.legislation.gov.uk/ukpga/1993/34/section/103), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c21568531]: SOURCE-1982 s. 26(7)
[^c21819671]: Words in [s. 11(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/11/3) repealed (with effect as mentioned in Sch. 27 Pt. 3(28) Note of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28)
[^c21568541]: SOURCE-1970 s. 247; 1972 s. 107(1)
[^c21568551]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21797311]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4(2)(b)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/2/b)
[^c21797591]: [S. 12(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/1) excluded (28.4.1997) by The Open-ended Investment Companies (Tax) Regulations 1997 (SI 1997/1154), {reg. 25(2)}
[^c21797511]: Words in [s. 12(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5) inserted (with effect as mentioned in [Sch. 24 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/2/a)
[^c21797531]: Words in [s. 12(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/5) substituted (with effect as mentioned in [Sch. 4 para. 11(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/4/paragraph/11/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 24 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/11/2/b)
[^c21797571]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (19.3.1997) by [S.I. 1995/171](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4A](https://www.legislation.gov.uk/uksi/1995/171/regulation/4A) (as inserted by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [reg. 4](https://www.legislation.gov.uk/uksi/1997/472/regulation/4))
[^c21797611]: [S. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 4](https://www.legislation.gov.uk/uksi/1997/473/regulation/4) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [art. 154](https://www.legislation.gov.uk/uksi/2001/3629/article/154)); and that modifying reg. 4 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 5](https://www.legislation.gov.uk/uksi/2004/822/regulation/5)
[^c21797631]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) substituted (with effect in accordance with art. 14(4) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 14(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/14/2)
[^c23332921]: [S. 12(3)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/3/da) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/2)
[^c23332961]: Words in [s. 12(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7) inserted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/4)
[^c23333001]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) substituted (with effect in accordance with [Sch. 41 para. 5(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/5/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 41 para. 1(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/41/paragraph/1/6)
[^c23334381]: [S. 12(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/1) excluded (1.4.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [79(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/79/2)
[^c23333991]: Words in [s. 12(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/12/7A) inserted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/2)
[^c21568671]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) modified (for the financial year 1991 and subsequent financial years) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 25(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/25/3) [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) modified (for the financial year 1994 and subsequent financial years) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3)
[^c21568681]: SOURCE-1972 s. 95; 1973 Sch. 14 2, 4; 1983 (No. 2) s. 2(2); 1987 (No. 2) s. 74(4)
[^c21568691]: 1989 s.105(1)*in relation to accounting periods beginning after* 31*March* 1989.*Previously* “a company resident in the United Kingdom”.
[^c21568701]: *For rates and fractions see* Table K Vol.1.
[^c21568711]: [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1990) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 23(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/23/2)
[^c21568721]: [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 25(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/25/1/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) amended (for the financial year 1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 22(b)](https://www.legislation.gov.uk/ukpga/1992/48/section/22/b). [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 54(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/54/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/1/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1995) by Finance Act 1995 (c. 4,) {s. 38(b)} [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 78(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/78/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 59(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/59/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 28(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/28/2/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 1999) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 29(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/29/2/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 36(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/36/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 55(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/55/b) [S. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/2) modified (for the financial year 2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 31(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/31/b)
[^c21568771]: [S. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) amended (27.7.1993 with application as mentioned in s. 78(11) of the Amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21834881]: Words in [s. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/3) substituted (with effect in accordance with [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/2/a)
[^c21834911]: Words in [s. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/3) substituted (with effect in accordance with [s. 86(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/86/2/b)
[^c21845781]: [S. 13(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/4/5) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 99(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/99/5) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55)) [S. 13(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/4/5) applied (with effect in accordance with Sch. 14 para. 10 of the 1997 affecting Act) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 38D(6)](https://www.legislation.gov.uk/ukpga/1990/1/section/38D/6) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 84](https://www.legislation.gov.uk/ukpga/1997/16/section/84), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/1997/16/schedule/14/paragraph/2))
[^c21835911]: Words in [s. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 138](https://www.legislation.gov.uk/ukpga/1994/9/section/138), [Sch. 16 para. 11(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/11/2)
[^c21842921]: [S. 13(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 138](https://www.legislation.gov.uk/ukpga/1994/9/section/138), [Sch. 16 para. 11(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/11/3)
[^c21845791]: Words in [s. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) (7) repealed (with effect in accordance with [Sch. 6 para. 1(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/1/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 36](https://www.legislation.gov.uk/ukpga/1997/58/section/36), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6). para. 1(2), Sch. 8 Pt. 2(11) Note
[^c21847281]: [S. 13(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8A) repealed (with effect in accordance with [Sch. 6 para. 1(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/1/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [ss. 36](https://www.legislation.gov.uk/ukpga/1997/58/section/36), [52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6). para. 1(3), Sch. 8 Pt. 2(11) Note
[^c21847351]: Words in [s. 13(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7) substituted (with effect in accordance with [Sch. 3 para. 7(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [Sch. 3 para. 7(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/2)
[^c21847421]: [S. 13(8AA)(8AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8AA/8AB) inserted (with effect in accordance with [Sch. 3 para. 7(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [Sch. 3 para. 7(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/7/3)
[^c22720361]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) applied (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(7)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/7/b)
[^c21847461]: [S. 13(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/9) repealed (with effect in accordance with Sch. 20 Pt. 3(2) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/2)
[^c23334421]: [S. 13](https://www.legislation.gov.uk/ukpga/1988/1/section/13) applied (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 26(10)](https://www.legislation.gov.uk/ukpga/2006/25/section/26/10)
[^c21853121]: Words in [s. 13(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7/a) repealed (with application in accordance with s. 86(6) and Sch. 33 Pt. 2(11) Note of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/2/a), [Sch. 33 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/11)
[^c21853141]: Words in [s. 13(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7/b) substituted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/2/b)
[^c21853161]: [S. 13(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/7A) inserted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/3)
[^c21853181]: [S. 13(8AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/13/8AA) substituted (with application in accordance with [s. 86(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 86(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/86/4)
[^c21827111]: Words in [s. 13A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/1) inserted (with effect in accordance with [s. 28(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/2)
[^c23334071]: Words in [s. 13A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/2/b/ii) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [48(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/48/b)
[^c23334031]: Words in [s. 13A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/13A/2/b/ii) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [48(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/48/a)
[^c21827201]: [S. 13AA](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(7)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/7/a)
[^c23357001]: [S. 13AA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA/3) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 29(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/29/b) [S. 13AA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA/3) modified (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 56(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/56/b) [S. 13AA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/13AA/3) modified (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 32(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/32/b)
[^c23333101]: [S. 13AB](https://www.legislation.gov.uk/ukpga/1988/1/section/13AB) applied (with modifications) (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 28(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/4/5)
[^c21568881]: SOURCE-1972 s. 84(4)
[^c21568891]: *For rates see* Table J Vol.1.
[^c21568931]: *See* 1980 s.117*and* Sch.18—*demergers.*
[^c21827291]: [S. 14(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/14/1/3) repealed (with effect as mentioned in Sch. 3 para. 8(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 31](https://www.legislation.gov.uk/ukpga/1998/36/section/31), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/8/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2) Note
[^c21828901]: [Ss. 15-17](https://www.legislation.gov.uk/ukpga/1988/1/section/15): Schs. A-C excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/b/4) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220))
[^c21568981]: SOURCE-1970(1)–(3)
[^c21568991]: *See*—1970(M) s.19—*information for purposes of* Sch.A*and associated* Sch.D*charges.*1990(C ) s.9(5)—*manner of making allowances and charges.*1990(C) s.67(3)—*allowances in respect of leased assets employed for thermal insulation.*1990(C) s.92—*allowances in respect of dwelling houses let on assured tenancies.*
[^c21569021]: [S. 51(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/51/3) repealed (with effect from 6.4.1988) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s.148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part V](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14), Note 1
[^c22720711]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/1) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22720721]: [S. 15(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22720741]: [S. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/2) repealed (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4)
[^c22720771]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 2(3) repealed (with effect in accordance with s. 79(3) of, and Sch. 23 to, the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 141](https://www.legislation.gov.uk/ukpga/2002/23/section/141), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10)
[^c22720751]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 2(3) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 83(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/1/b), [Sch. 27 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22720781]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): words in Sch. A para. 1(4)(b) repealed (S.) (28.11.2004) by [Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5)](https://www.legislation.gov.uk/asp/2000/5), [ss. 71](https://www.legislation.gov.uk/asp/2000/5/section/71), [77(2)](https://www.legislation.gov.uk/asp/2000/5/section/77/2), [Sch. 12 para. 50(2)](https://www.legislation.gov.uk/asp/2000/5/schedule/12/paragraph/50/2), [Sch. 13 Pt. 1](https://www.legislation.gov.uk/asp/2000/5/schedule/13/part/1); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23334701]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A para. 2(3) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 120(3)(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/120/3/4)
[^c23347461]: [S. 15(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1): Sch. A para. 2(3) excluded (6.4.2008) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z1(3)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z1/3) (as inserted by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I.2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23334081]: Words in [s. 15(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334101]: Words in [s. 15(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334121]: [S. 15(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334141]: Words in [s. 15(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/15/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 8(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21569121]: SOURCE-1970 s. 108(1)
[^c21569131]: *See, as regards exemption, the following provisions of this Act:*—s.320—*Commonwealth Agents—General and official agents etc.*[s.322](https://www.legislation.gov.uk/ukpga/1988/1/section/322)—*certain consular officers and employees.*[s.323](https://www.legislation.gov.uk/ukpga/1988/1/section/323)—*visiting forces and staffs of allied headquarters.*[s.325](https://www.legislation.gov.uk/ukpga/1988/1/section/325)—*certain savings bank interest.*[s.326](https://www.legislation.gov.uk/ukpga/1988/1/section/326)—*sums payable under certified contractual saving schemes.*[s.327](https://www.legislation.gov.uk/ukpga/1988/1/section/327)—*interest on damages for personal injuries.*[s.328](https://www.legislation.gov.uk/ukpga/1988/1/section/328)—*funds in court.*[s.330](https://www.legislation.gov.uk/ukpga/1988/1/section/330)—*German annuities in compensation for National Socialist persecution.*[s.438](https://www.legislation.gov.uk/ukpga/1988/1/section/438)—*annuity funds of insurance companies doing pension business.*[s.459](https://www.legislation.gov.uk/ukpga/1988/1/section/459)*to* 461—*certain friendly societies.*[s.467](https://www.legislation.gov.uk/ukpga/1988/1/section/467)—*certain trade unions*[s.476](https://www.legislation.gov.uk/ukpga/1988/1/section/476)—*certain dividends and interest payable by building societies* (*Repealed by* 1990 s.30*and* Sch.5 para.2*for* 1991-92*and subsequent years.*).s.484—*savings banks.*[s.505](https://www.legislation.gov.uk/ukpga/1988/1/section/505)*and* 506—*charities.*[s.507](https://www.legislation.gov.uk/ukpga/1988/1/section/507)—*British Museum.*[s.508](https://www.legislation.gov.uk/ukpga/1988/1/section/508)—*scientific research associations.*[s.510](https://www.legislation.gov.uk/ukpga/1988/1/section/510)—*agricultural societies.*[s.514](https://www.legislation.gov.uk/ukpga/1988/1/section/514)—*funds for reducing National Debt.*[s.517](https://www.legislation.gov.uk/ukpga/1988/1/section/517)—*issue departments of Reserve Bank of India and State Bank of Pakistan.*[s.519](https://www.legislation.gov.uk/ukpga/1988/1/section/519)—*local authorities.*[s.578](https://www.legislation.gov.uk/ukpga/1988/1/section/578)—*housing grants.*[s.581](https://www.legislation.gov.uk/ukpga/1988/1/section/581)—*interest on certain local authority borrowing in foreign currency.*[s.613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4)—*Parliamentary pension funds.*[s.614](https://www.legislation.gov.uk/ukpga/1988/1/section/614)—*national insurance supplementary schemes etc; and certain Indian family pension funds.*[s.614(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/614/3)—*certain pension funds for Crown service abroad.*[s.614](https://www.legislation.gov.uk/ukpga/1988/1/section/614)*and* 615—*certain pension funds for overseas employees.*[s.620(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/620/5)*and* (6)—*approved retirement annuity trust schemes.*[s.656](https://www.legislation.gov.uk/ukpga/1988/1/section/656)*and* 657—*certain purchased life annuities.*[s.688](https://www.legislation.gov.uk/ukpga/1988/1/section/688)—*certain interest received by trustees of schemes for directors and employees to acquire shares.* *See also*—1989 s.43*for periods of account ending after* 5*April* 1989*involving emoluments.*Income Tax (Repayment of Post-War Credits) Act 1959 s.2(4) (*see* Part II Vol.5)—*interest on post-war credits.*[Diplomatic Privileges Act 1964 (c.81)](https://www.legislation.gov.uk/ukpga/1964/81).[Commonwealth Secretariat Act 1966 (c.10)](https://www.legislation.gov.uk/ukpga/1966/10), [s.1(2)](https://www.legislation.gov.uk/ukpga/1966/10/section/1/2)*and* Sch. Part I para.3—*the Commonwealth Secretariat.*[International Organisations Act 1968 (c.48)](https://www.legislation.gov.uk/ukpga/1968/48)—*certain international organisations and persons connected therewith.*Double taxation agreements (listed in Part III Vol.5)*in force under* ss.788-799*of this Act as to certain persons resident abroad.*
[^c21569141]: *See* 1970(M) Part VIII*as to charges on non-residents.*
[^c21569161]: SOURCE-1970 s. 109(1), (2)
[^c21569171]: *See*—1988 s.79A(4)—*charge on contributor to training and enterprise councils and local enterprise companies who receives benefits in return.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1987 No.530](https://www.legislation.gov.uk/ukcm/1987/530) (*in* Part III Vol.5) regn.8—*computation of profits and gains in respect of payments attributable to non-resident entertainers and sportsmen.*
[^c21569181]: *See*—1989 s.94*and* Sch.11 para.5—*deep gain securities transferred on or after* 14*March* 1989.S.I. [1986 No. 1948](https://www.legislation.gov.uk/ukcm/1986/1948) (*in* Part III Vol.5) regn.8(2)(d)—*interest on cash deposits which are plan investments under personal equity plans.*1990 s.56*and* Sch.10 para.12(4)—*treatment of chargeable events in relation to convertible securities.*[Housing Act 1957 (c.56)](https://www.legislation.gov.uk/ukpga/1957/56) Sch.8 para.4*and* [Housing (Scotland) Act 1966 (c.49)](https://www.legislation.gov.uk/ukpga/1966/49) Sch.7 para.4—*interest on certain small holdings of housing bonds.*[Housing Subsidies Act 1967 (c.29)](https://www.legislation.gov.uk/ukpga/1967/29) s.24(2)(c) (*reproduced in* Part II Vol.5)—*payment received by lender from Minister in respect of subsidised loan.*
[^c21569191]: *See*—1989 s.94*and* Sch.11 para.5—*deep gain securities transferred on or after* 14*March* 1989.1990 s.56*and* Sch.10 paras.12(4)*and* 20—*treatment of chargeable events in relation to income received in the U.K. from convertible securities.*
[^c21569201]: *See also*—1990 ss.9(5)*and* 15—*certain balancing charges on lessors and others in respect of industrial buildings, machinery, etc.*1970(M) s.30—*recovery of overpayment of tax, etc.*1988 s.79A(4)—*charge on contributor to training and enterprise councils and local enterprise companies who receives benefit in return.*1989 ss.68, 71—*charge on certain profits or gains of employee share ownership trusts.*1990(C) s.92(2)—*balancing charge in respect of dwelling houses let on assured tenancies.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1956 No.1230](https://www.legislation.gov.uk/ukcm/1956/1230) (*in* Part III Vol. 5) regns. 4*and* 15—*additional liabilities in respect of purchased life annuities in certain contingencies.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1989 No.469](https://www.legislation.gov.uk/ukcm/1989/469) (*in* Part III Vol. 5) regn.22(3)—*assessments to recover tax in respect of income under personal equity plans.*
[^c21569211]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I extended (with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2/a/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I restricted (with effect for the year 1992-93 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 171(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2/b/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case 1 extended (with application in accordance with s. 219(4) of the extending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/a) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case I modified (29.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [ss. 135](https://www.legislation.gov.uk/ukpga/1996/55/section/135), [149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 19](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/19) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, II, VI extended (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 47(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/4) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, II restricted (with application in accordance with s. 42(3) of the restricting Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 42(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/42/1/2) (with [s. 42(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/42/4/5)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, III, V modified (with effect in accordance with s. 117(4)(5) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1), [Sch. 18 para. 84](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/84) (with [Sch. 18 para. 59(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/59/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases I, VI restricted (with application in accordance with s. 46(7) of the restricting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 46(1)-(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/46/1)
[^c21792421]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases II-VI excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 219(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/2/b/4) (with [s. 220](https://www.legislation.gov.uk/ukpga/1994/9/section/220))
[^c21569221]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (16.7.1992 with effect in relation to chargeable periods ending after 10.3.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 66](https://www.legislation.gov.uk/ukpga/1992/48/section/66), [Sch. 12 paras. 1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/1), [3(1)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/3/1), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/12/paragraph/7). [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (27.7.1993 with effect as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 130(2)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/130/2/4), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI restricted (27.7.1993) by [Agriculture Act 1993 (c. 37)](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 paras. 19(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/paragraph/19/2), [20(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/paragraph/20/2) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with application in accordance with Sch. 20 para. 11(1)(2) of the extending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218), [Sch. 20 para. 11(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/11/3) (with [Sch. 20 para. 12(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with effect in accordance with s. 117(4)(5) of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/1), [Sch. 18 para. 52(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/52/4) (with [Sch. 18 para. 59(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/59/2)) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case VI extended (with effect in accordance with s. 579 of the extending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 256(2)(b)(4)](https://www.legislation.gov.uk/ukpga/2001/2/section/256/2/b/4) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c21569241]: SOURCE-1970 ss. 108(3), 109(3)
[^c21792911]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D excluded (with effect in accordance with s. 39(4)(5) of the excluding Act) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 588(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/4A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/24))
[^c21792731]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case I inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/2)
[^c21792851]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III extended (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 157(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/157/7) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III applied (with effect as mentioned in s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 83(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/83/9), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/3/4), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case III modified (with effect as mentioned in s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 83(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/83/9), [Sch. 8 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/3/5), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15) [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Cases III, IV extended (with effect in accordance with s. 105(1) of the extending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 102](https://www.legislation.gov.uk/ukpga/1996/8/section/102), [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/1/1) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21792961]: [S. 18(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/1): words in Sch. D para. (b) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/1) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21792981]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case III para. (c) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/a) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793061]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case IV repealed (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/b), [Sch. 41 Pt. V(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/2), Note (with Sch. 7 paras. 33-35)
[^c21794021]: [S. 18](https://www.legislation.gov.uk/ukpga/1988/1/section/18): Sch. D Case V extended (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [s. 20](https://www.legislation.gov.uk/ukpga/1999/20/section/20), [Sch. 3 para. 6(3)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/3) (with [Sch. 3 para. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1))
[^c21793001]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case VI substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/2/c) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793081]: [S. 18(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3A) inserted (with effect as mentioned in [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 104](https://www.legislation.gov.uk/ukpga/1996/8/section/104), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/5) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21793021]: [S. 18(3B)-(3E)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3B) inserted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/3) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c21793041]: Words in [s. 18(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/5) substituted (with effect as mentioned in [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [Sch. 7 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/4/4) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23332821]: [S. 18(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/1): words in Sch. D para. (b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332831]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case V substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23332841]: [S. 18(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3): words in Sch. D Case VI substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/5/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23333121]: [S. 18(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/6) inserted (with effect in accordance with [s. 97(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/97/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 105(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/105/4) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23334181]: [S. 18(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/4A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334201]: Words in [s. 18(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23334221]: [S. 18(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 9(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/9/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357441]: [S. 18(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/18/3A): Sch. D Case III para. (c) repealed (with effect in accordance with Sch. 7 para. 12(9)(13) of the repealing Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 12(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/12/9), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c21569491]: SOURCE-1970 s. 90(1); 1972 s. 81(3)
[^c21569501]: SOURCE-1970 s. 90(2)
[^c21569511]: SOURCE-1970 s. 90(2A), (2B); 1972 s. 81(4)
[^c21569521]: SOURCE-1970 s. 90(3)
[^c21569531]: SOURCE-1970 s. 71(2)
[^c21819701]: Words in [s. 24(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/24/2) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 Para. 1](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/1)
[^c21819721]: [S. 24(6)(c)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/24/6/c/7) and word preceding s. 24(6)(c) repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c21856561]: [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39).
[^c21856571]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c21856601]: [S. 21A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/5) inserted (with effect in accordance with [s. 70(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 70(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/70/3), [Sch. 23 para. 1](https://www.legislation.gov.uk/ukpga/2001/9/schedule/23/paragraph/1)
[^c23348091]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23348111]: Words in [S. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23348131]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 7(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/7/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23348351]: Words in [s. 21A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348371]: Words in [s. 21A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348401]: Words in [s. 21A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/21A/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/12/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348411]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 13(a)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/13/a/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349101]: Words in [s. 21B](https://www.legislation.gov.uk/ukpga/1988/1/section/21B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 13(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/13/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349121]: Word in [s. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) (1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 14(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/14/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349141]: Words in [s. 21C](https://www.legislation.gov.uk/ukpga/1988/1/section/21C) (4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 14(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/14/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21805301]: [S. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/7)
[^c21569731]: SOURCE-1970 s. 76
[^c21569741]: *See* 1979(C) s.34(4)(b)—*restriction, by reference to capital allowances, of capital losses for purpose of capital gains.*
[^c21805311]: Words in [s. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/11) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23349161]: Words in [s. 30(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349181]: Words in [s. 30(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/2/a) substituted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349201]: [S. 30(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/30/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 15(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/15/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21569961]: *See* 1976(D) s.34*and* Sch.6 para.4. 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part. X*with effect from* 19*March* 1985.
[^c21569971]: SOURCE-1970 s. 80(1), (2)
[^c21569981]: SOURCE-1970 s. 80(2); 1987 Sch. 15 para. 13
[^c21569991]: SOURCE-1970 s. 80(3), (4)
[^c21570001]: SOURCE-1970 s. 80(5)
[^c21570011]: SOURCE-1970 s. 80(6), (7); 1972 s. 81(1)
[^c21570021]: *See* 1979(C) s.106*and* Sch.3 paras.5*and* 7—*exclusion of amounts taxed under this section in computing capital gains.*
[^c21794731]: [S. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 9](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/9)
[^c21794711]: [S. 34(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/9) repealed (with effect in accordance with s. 39(4)(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 08(01)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/08/01), Note
[^c21794841]: Words in [s. 34(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/1) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/2)
[^c21794761]: Words in [s. 34(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/3), (with Sch. 5 para. 73)
[^c21794861]: Words in [s. 34(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/4/a) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/3/a)
[^c21794881]: Words in [s. 34(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/4/b) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/3/b)
[^c21794901]: Words in [s. 34(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/5/a) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/4/a)
[^c21794921]: Words in [s. 34(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/5/b) substituted (with effect as mentioned in [s. 40(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 40(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/40/4/b)
[^c21794781]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/4), (with Sch. 5 para. 73)
[^c21794801]: [S. 34(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/7A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/5), (with Sch. 5 para. 73)
[^c21794821]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 15(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/15/6), (with Sch. 5 para. 73)
[^c23349221]: Words in [s. 34](https://www.legislation.gov.uk/ukpga/1988/1/section/34) (1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349331]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349351]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349371]: Words in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349391]: Word in [s. 34(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349411]: Word in [s. 34(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/7A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349431]: Word in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349531]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349551]: Words in [s. 34(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/34/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 17(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/17/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570031]: *See* 1979(C) s.106*and* Sch.3 para.6(2)—1979(C) s.31 (*exclusion from capital gains computation of sums charged to income tax or corporation tax*)*not to apply to amounts on which tax paid under* s.35.
[^c21797731]: [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 21](https://www.legislation.gov.uk/ukpga/1994/21/section/21), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 15(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/15/1) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule) [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [s. 8](https://www.legislation.gov.uk/ukpga/1995/37/section/8), [Sch. 3 para. 9(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/9/1) [S. 35](https://www.legislation.gov.uk/ukpga/1988/1/section/35) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [ss. 135](https://www.legislation.gov.uk/ukpga/1996/55/section/135), [149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 21(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/21/1)
[^c21570041]: SOURCE-1970 s. 81(1)
[^c21797691]: [S. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/10)
[^c21570051]: SOURCE-1970 s. 81(2)
[^c21797771]: Words in [s. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/3), (with Sch. 5 para. 73)
[^c21797791]: [S. 35(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 16(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/16/4), (with Sch. 5 para. 73)
[^c23349571]: Words in [s. 35(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349591]: Words in [s. 35(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/2A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349611]: Words in [s. 35(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/35/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 18(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/18/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21805371]: [S. 36](https://www.legislation.gov.uk/ukpga/1988/1/section/36) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 24](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/24)
[^c21570061]: *See* 1976(D) Sch.6 para.4. 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*with effect from* 19*March* 1985.
[^c21805381]: [S. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 11](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/11)
[^c21570071]: SOURCE-1970 s. 82(1), (2)
[^c21570081]: *See* 1979(C) s.106*and* Sch.3 para.6(3)—*effect of claim under* s.36(2)(b)*on computation of capital gains.*
[^c21570091]: SOURCE-1970 S. 82(3)
[^c21570101]: *See* 1979(C) s.106*and* Sch.3 para.5(3)—*deduction of amounts chargeable under* s.36*in computing capital gains.*
[^c21570111]: SOURCE-1970 s. 82(1), (3)
[^c21805411]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/3/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805431]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/3/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21805451]: [S. 36(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/4A/4B) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 17(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/17/4) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23349631]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349661]: Words in [s. 36(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349681]: Words in [s. 36(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349701]: Words in [s. 36(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349721]: Words in [s. 36(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349741]: Words in [s. 36(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/36/4A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 19(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/19/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21799401]: [S. 37](https://www.legislation.gov.uk/ukpga/1988/1/section/37) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/12)
[^c21570121]: SOURCE-1970 s. 83(1); 1978 s. 32(2)
[^c21570161]: *See* 1979(C) s.106*and* Sch.3 para.6(1)—*allowance under this subsection to be deducted from any loss on disposal of lease.*
[^c21570171]: SOURCE-1970 s. 83(2)
[^c21570181]: SOURCE-1970 s. 83(3)
[^c21570191]: SOURCE-1970 s. 83(4)
[^c21570201]: SOURCE-1970 s. 83(5)
[^c21570211]: *See* 1976(D) Sch.6 para.4(4)—*no account to be taken of any deduction of realised development value.* 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*with effect from* 19*March* 1985.
[^c21570221]: SOURCE-1970 s. 83(7)
[^c21799441]: [S. 37(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/a/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/2), (with Sch. 5 para. 73)
[^c21570151]: 1990 s.89*and* Sch.14 para.2 (*correction of errors*)—*deemed always to have had effect. Previously* “subsection (2) below”, “this subsection” *and* “the amount of that tax” *respectively.*
[^c21799461]: Words in [s. 37(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/3/a), (with Sch. 5 para. 73)
[^c21799481]: Words in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/3/b), (with Sch. 5 para. 73)
[^c21799501]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/4/a), (with Sch. 5 para. 73)
[^c21799521]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/4/b), (with Sch. 5 para. 73)
[^c21799541]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 18(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/18/5), (with Sch. 5 para. 73)
[^c23348441]: Word in [s. 37(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349761]: [S. 37(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1/c/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349781]: Words in [s. 37(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349801]: Word in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349821]: Words in [s. 37(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349841]: Word in [S. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349861]: Words in [s. 37(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349871]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349891]: Words in [s. 37(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349911]: [S. 37(7)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/7/b/iii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349931]: Words in [s. 37(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/8) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349951]: Words in [s. 37(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349971]: Words in [s. 37(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23349991]: [S. 37(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/37/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 20(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/20/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570231]: SOURCE-1970 S. 84(1)(b)–(d); 1972 s. 81(2)(a), (b)
[^c21570241]: [S. 38(1)(a)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/1/a/4) excluded (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras. 5(4)(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/5/4/6), [6(1)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/6/1), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7).
[^c21570251]: SOURCE-1970 s. 84(2); 1972 s. 81(2)(c)
[^c21570271]: SOURCE-1970 s. 84(3A); 1972 s. 81(5)
[^c21570281]: SOURCE-1970 s. 84(3); 1972 s. 81(2)(d)
[^c21570291]: *See* 1990(C) s.11(4)—*rules applied in connection with leases for industrial buildings and structures.*
[^c21570301]: SOURCE-1970 s. 84(4)
[^c21799581]: [S. 38(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/1)(6) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 291(3)](https://www.legislation.gov.uk/ukpga/2001/2/section/291/3)
[^c21799561]: Words in [s. 38(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/4) substituted (with effect as mentioned in [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/1), [Sch. 20 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/2)
[^c23350031]: Words in [s. 38(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 22(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/22/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350051]: Words in [s. 38(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/38/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 22(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/22/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570311]: SOURCE-1970 s. 85(1)
[^c21570321]: *Repealed by* 1988(F) ss.75, 148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21570331]: SOURCE-1970 s. 86
[^c21805531]: Words in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/2), (with Sch. 5 para. 73)
[^c21805551]: Words in [s. 40(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3/b) substituted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/3), (with Sch. 5 para. 73)
[^c21805571]: [S. 40(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/4A) inserted (with effect as mentioned in [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [Sch. 5 para. 20(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/4), (with Sch. 5 para. 73)
[^c21805591]: [S. 40(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/5) ceased to have effect except for specified purposes (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 4(f)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/4/f); and s. 40(5) repealed (with effect as mentioned in s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para. 20(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/20/5), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 paras. 65, 73)
[^c23350071]: Word in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350091]: Words in [s. 40(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350111]: Word in [s. 40(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350131]: Word in [s. 40(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(c)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350151]: Words in [s. 40(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/40/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 23(c)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/23/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23348231]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42) applied (3.11.2004 with effect in accordance with reg. 1(1) of the affecting S.I.) by The Energy-[Saving Items (Deductions for Expenditure etc.) Regulations 2004 (S.I. 2004/2664)](https://www.legislation.gov.uk/uksi/2004/2664), [reg. 4](https://www.legislation.gov.uk/uksi/2004/2664/regulation/4)
[^c21570361]: SOURCE- 1972 s. 82
[^c23351701]: [S. 42](https://www.legislation.gov.uk/ukpga/1988/1/section/42) applied (6.12.2007 with effect in accordance with reg. 1(1) of the affecting S.I.) by The Energy-[Saving Items (Income Tax) Regulations 2007 (S.I. 2007/3278)](https://www.legislation.gov.uk/uksi/2007/3278), [reg. 7](https://www.legislation.gov.uk/uksi/2007/3278/regulation/7)
[^c23350171]: Words in [s. 42(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1) renumbered as s. 42(1)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350191]: Words in [s. 42(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23350211]: [S. 42(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/42/1/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 24(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/24/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853731]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c21853741]: [S. 42A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/42A/8) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 38(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/1), [165](https://www.legislation.gov.uk/ukpga/1998/36/section/165), [Sch. 5 para 22](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/22), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c23350251]: Words in [s. 42A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/42A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 25(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/25/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23367561]: Words in [s. 42A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/42A/2/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 25(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/25/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21821971]: Words in [s. 43A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/43A/1) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c21822001]: [S. 43A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/43A/2) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 141](https://www.legislation.gov.uk/ukpga/2002/23/section/141), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23351401]: [S. 43A(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/43A/3/a/b) and preceding word repealed (with effect in accordance with s. 80(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 21](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/21), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 2
[^c23351141]: Words in [s. 43B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/43B/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 26(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/26/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351161]: Words in [s. 43B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/43B/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 26(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/26/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21821851]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c21822021]: Words in [s. 43C(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/43C/2/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 578](https://www.legislation.gov.uk/ukpga/2001/2/section/578), [Sch. 2 para. 11](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/11)
[^c23348461]: Word at the end of s. 43C(3)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 27(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/27/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351181]: [S. 43C(3)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/43C/3/c/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 27(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/27/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351201]: [S. 43C(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/43C/4A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 27(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/27/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351221]: Words in [s. 43C(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/43C/6) renumbered as s. 43C(6)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 27(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/27/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23368881]: [S. 43C(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/43C/6/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 27(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/27/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351431]: [S. 43C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/43C/1) repealed (with effect in accordance with Sch. 7 para. 1(4)-(8) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/1/2), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23351241]: Words in [s. 43D(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/43D/2/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 28(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/28/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351261]: Words in [s. 43D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/43D/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 28(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/28/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21821861]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c21825651]: Words in [s. 43E(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/43E/3/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 578](https://www.legislation.gov.uk/ukpga/2001/2/section/578), [Sch. 2 para. 12](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/12)
[^c23351301]: Words in [s. 43E(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/43E/4) renumbered as s. 43E(4)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 29(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/29/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23368911]: [S. 43E(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/43E/4/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 29(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/29/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351341]: Words in [s. 43E(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/43E/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 29(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/29/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351451]: [S. 43E(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/43E/1/a/b) repealed (with effect in accordance with Sch. 7 para. 1(4)-(8) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 1(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/1/3), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c21825711]: [S. 43F(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/43F/1) modified (with effect in accordance with reg. 4A(3) of the 1997 modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 4A(1)(2)](https://www.legislation.gov.uk/uksi/1997/473/regulation/4A/1/2) (as inserted (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [3](https://www.legislation.gov.uk/uksi/2000/2710/regulation/3), and as amended by: [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [3](https://www.legislation.gov.uk/uksi/2003/23/regulation/3); [S.I. 2005/2005](https://www.legislation.gov.uk/uksi/2005/2005), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2005/regulation/1), [4](https://www.legislation.gov.uk/uksi/2005/2005/regulation/4))
[^c23351521]: [S. 43F(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/43F/1) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2005/2014/regulation/4) (which modifying reg. 4 is omitted (14.8.2007 with effect in accordance with reg. 1(3) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2007/2134/regulation/4))
[^c21825831]: Words in [s. 43F(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/43F/1) substituted (1.12.2001 with effect in accordance with art. 15(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [15(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/15/1)
[^c23351361]: [S. 43G(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/43G/2): words in definition of "rent" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 30(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/30/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23351381]: [S. 43G(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/43G/2): words in definition of "premium" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 30(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/30/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23368921]: [S. 43G(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/43G/2): in definition of "premium", para. (b) inserted (6.4.2005 with effect in accordance with [S. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 30(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/30/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570411]: *And see, as regards Ulster Savings Certificates,* Part III Vol.5.
[^c21570421]: SOURCE-1981 S. 34(1)
[^c21570431]: SOURCE-1970 s. 98
[^c21570441]: SOURCE-1981 s. 34(2)–(5); 1979 (C) s. 71(2)(a)
[^c21570451]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c21570461]: [1958 c.6](https://www.legislation.gov.uk/ukpga/1958/6).
[^c21570471]: [1920 c.18](https://www.legislation.gov.uk/ukpga/1920/18).
[^c21570481]: [1972 c. 65](https://www.legislation.gov.uk/ukpga/1972/65).
[^c23353721]: Word in [s. 46(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353741]: Words in [s. 46(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353761]: Words in [s. 46(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23353801]: [S. 46(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/46/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 31(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/31/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570531]: SOURCE-1970 s. 101(1)
[^c21570551]: [1939 c. 117](https://www.legislation.gov.uk/ukpga/1939/117).
[^c21570561]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c21570631]: SOURCE-1970 s. 101(2)
[^c21570641]: SOURCE-1970 s. 101(3)–(6)
[^c21812981]: Words in [s. 50(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/1) repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [ss. 79](https://www.legislation.gov.uk/ukpga/1996/8/section/79), [205](https://www.legislation.gov.uk/ukpga/1996/8/section/205), [Sch. 7 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/11), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c21812991]: [S. 50(A1)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/A1) inserted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/2)
[^c21813011]: Words in [s. 50(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/1) inserted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/3/a)
[^c21818131]: [S. 50(1)(a)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/1/a/c/d) repealed (with effect in accordance with Sch. 8 Pt. 2(13) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 52](https://www.legislation.gov.uk/ukpga/1997/58/section/52), [Sch. 8 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/13)
[^c21813031]: Words in [s. 50(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/2) inserted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/3/b)
[^c21813051]: Words in [s. 50(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/3) substituted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/3/c)
[^c21813071]: Words in [s. 50(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/4/5) substituted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(3)(d)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/3/d)
[^c21813101]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): definition of "gilt-edged securities" inserted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/4)
[^c21818201]: Words in [s. 50(A1)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/A1) substituted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/1)
[^c23353501]: Words in [s. 50](https://www.legislation.gov.uk/ukpga/1988/1/section/50) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(a)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/a) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353571]: Words in [s. 50(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/5) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(b)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/b) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353591]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): definition of "the Bank" omitted (15.11.2004) by virtue of [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(c)(i)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/c/i) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353611]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): word at the end of definition of "gilt-edged securities" omitted (15.11.2004) by virtue of [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(c)(ii)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/c/ii) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353631]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): word in definition of "registered" substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(c)(iii)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/c/iii) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c23353681]: [S. 50(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/50/7): definition of "the Registrar" inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(3)(c)(iv)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/3/c/iv) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21570651]: SOURCE-1970 s. 102
[^c21570661]: [1950 c. 3 (N.I.)](https://www.legislation.gov.uk/apni/1950/3)
[^c23353701]: Words in [s. 51(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/51/1/b) substituted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No. 3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 2(4)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/2/4) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^c21570681]: SOURCE-1970 s. 110(1), (2)
[^c21570691]: SOURCE-1970 s. 110(3)
[^c21570701]: 1988(F) Sch.6 para.6(7),*into force on* 6*April* 1988*subject to certain provisos. Previously* “(4) Subsection (3) above shall not affect the taxation of woodlands which are managed on a commercial basis and with a view to the realisation of profits”.
[^c21852211]: Words in [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21852231]: Words in [s. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357971]: Word in [s. 53(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357991]: Words in [s. 53(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358011]: Words in [s. 53(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358031]: Words in [s. 53(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/53/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 32(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/32/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852241]: Word in [s. 55(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/55/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23358051]: Word in [s. 55(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/55/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 33](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/33) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21570911]: *See* s.608—*exemption for certain superannuation funds.*
[^c21570951]: SOURCE-1973 s. 26(3); 1974 s. 30(2)
[^c21832991]: Word in [s. 56(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/4) substituted (with effect in accordance with s. 164(5)(6) of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 164(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/164/4)
[^c23358091]: Words in [s. 56(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/56/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 34(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/34/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359501]: Words in [s. 59(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358241]: Words in [s. 59(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359521]: Words in [s. 59(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/59/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 35(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/35/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21571531]: SOURCE-1970 s. 129(1)
[^c21571541]: SOURCE-1970 s. 129(4)
[^c21571551]: SOURCE-1970 s. 129(5)
[^c21861051]: [S. 70](https://www.legislation.gov.uk/ukpga/1988/1/section/70) excluded (with application in accordance with s. 65(1)(3)(4) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 65(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/65/2/a)
[^c21833081]: Words in [s. 70(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/70/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/7) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21858921]: Words in [S. 70A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/70A/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 578](https://www.legislation.gov.uk/ukpga/2001/2/section/578), [580](https://www.legislation.gov.uk/ukpga/2001/2/section/580), [Sch. 2 para. 14](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/14), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21571571]: *See* S.I. [1987 No. 530](https://www.legislation.gov.uk/ukcm/1987/530) (in Part III Vol. 5) regn. 16—*payments attributable to non-resident entertainers and sportsmen.*
[^c21571581]: SOURCE-1970 ss. 127(1), 129(2)
[^c21571591]: SOURCE-1970 s. 127(2), 527(4)
[^c21827611]: Word in [s. 72(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/2) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 121](https://www.legislation.gov.uk/ukpga/1995/4/section/121)
[^c23359661]: Words in [s. 72(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 44(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/44/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358451]: Words in [s. 72(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/72/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 44(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/44/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21571611]: *See*—1979(C) s.122—*election to take capital gain or loss into account when asset appropriated to stock in trade.*1989 ss.67-74—*employee share ownership trusts.*[Banking Act 1987 (c.22)](https://www.legislation.gov.uk/ukpga/1987/22) s.66—*contributions to the Deposit Protection Fund.*
[^c21571621]: SOURCE-1970 s. 130(a)–(m); 1987 Sch. 15para. 2(9)
[^c21571631]: *See* 1989 ss.112-113—*expenditure on security on or after* 6*April* 1989.
[^c21571661]: SOURCE-1970 s. 130(n), (o)
[^c21826011]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 159(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/159/4) (with [Sch. 18 paras. 1(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/1/3), [2(3)(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/2/3/4), [3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/3/3))
[^c21826031]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) renumbered as s. 74(1) (3.5.1994) by virtue of [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/2)
[^c21826061]: [S. 74(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/j) substituted (with effect in accordance with [s. 144(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/1)
[^c21826101]: [S. 74(1)(o)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/o) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/1)
[^c21826051]: [S. 74(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/2) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9) {s. 144(2)}
[^c21833101]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (with effect in accordance with s. 105(1) of the excluding Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 82(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/82/7) (with [ss. 98](https://www.legislation.gov.uk/ukpga/1996/8/section/98), [99](https://www.legislation.gov.uk/ukpga/1996/8/section/99), [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21847301]: [S. 74(1)(q)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/q) repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21861071]: [S. 74](https://www.legislation.gov.uk/ukpga/1988/1/section/74) excluded (with effect in accordance with s. 83(3) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 Para. 14(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/14/4) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21852371]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853971]: [S. 74(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/a) extended (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/3177/regulation/5)
[^c21861091]: [S. 74(1)(m)(p)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/m/p) restricted (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 8(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/3) (with [Sch. 29 para. 8(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/4))
[^c21852381]: Words in [s. 74(1)(m)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/m) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23356371]: [S. 74(1)(n)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/n) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23359681]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359701]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359721]: Words in [s. 74(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358481]: [S. 74(1)(b)(o)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/b/o) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 45(d)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/45/d/f), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369191]: [S. 74(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/1/j) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/1), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c23369211]: [S. 74(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/74/2) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/1), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c21860671]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 27](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/27) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c23356411]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) substituted (with effect in accordance with ss. 42, 43 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(1)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/1/5)
[^c23376271]: [S. 75](https://www.legislation.gov.uk/ukpga/1988/1/section/75) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 196(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/196/3), [199(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/199/2/b), [200(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/200/b), [246(2)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/2/b/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23356431]: [S. 75(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/75/1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/5)
[^c23356491]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) substituted (with effect in accordance with ss. 42, 44 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 40](https://www.legislation.gov.uk/ukpga/2004/12/section/40)
[^c23369731]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2005/2014/regulation/5) (as amended: (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2007/2134/regulation/5); (12.8.2008 with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2008/1937/regulation/3))
[^c23376461]: [S. 76](https://www.legislation.gov.uk/ukpga/1988/1/section/76) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 196(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/196/4), [199(2)(c)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/199/2/c/5), [246(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23376531]: [S. 76(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/7) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 200(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/200/c), [246(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/246/2/c), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23369711]: Word in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) repealed (with effect in accordance with Sch. 11 Pt. 2(10) Note 1 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/10)
[^c23369571]: Words in [s. 76(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/76/8) inserted (with effect in accordance with [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/1/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/1/2)
[^c23358511]: [S.77](https://www.legislation.gov.uk/ukpga/1988/1/section/77) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 47](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/47), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21834651]: [S. 78](https://www.legislation.gov.uk/ukpga/1988/1/section/78) repealed with saving (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/10), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c21572171]: SOURCE-1982 s. 48(1)–(4)
[^c21572181]: SOURCE-1982 s. 48(5)
[^c21572191]: SOURCE-1982 s. 48(6)–(9)
[^c21856471]: [S. 79](https://www.legislation.gov.uk/ukpga/1988/1/section/79): functions transferred (1.7.1999 immediately after the coming into force of [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 53](https://www.legislation.gov.uk/ukpga/1998/46/section/53)) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1999/672/article/1/2), [2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c21856481]: [S. 79(4)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/4/8): functions transferred (1.7.1999) by [The Scotland Act 1998 (Transfer of Functions to the Scottish Ministers etc.) Order 1999 (S.I. 1999/1750)](https://www.legislation.gov.uk/uksi/1999/1750), [arts. 1(1)](https://www.legislation.gov.uk/uksi/1999/1750/article/1/1), [2](https://www.legislation.gov.uk/uksi/1999/1750/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/1750/schedule/1) (with [art. 7](https://www.legislation.gov.uk/uksi/1999/1750/article/7))
[^c21852411]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858671]: Words in [s. 79(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/11) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 88](https://www.legislation.gov.uk/ukpga/2000/17/section/88), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c23356861]: Words in [s. 79(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(2)
[^c23356901]: [S. 79(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23359841]: Word in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359861]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359891]: Words in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359911]: Word in [s. 79(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359931]: Words in [s. 79(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359951]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359971]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360001]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360021]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360041]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360071]: Words in [s. 79(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/79/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 48(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/48/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572211]: 1990 s.76.
[^c21826241]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/3)
[^c21826261]: Word in [s. 79A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/3) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/3)
[^c21826281]: [S. 79A(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/5/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/4)
[^c21826321]: Words in [s. 79A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/7) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 145(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/145/5)
[^c21852421]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858701]: Words in [s. 79A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/5/b) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c21858691]: Words in [s. 79A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/7) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 88](https://www.legislation.gov.uk/ukpga/2000/17/section/88), [Sch. 40 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/9)
[^c23359591]: Words in [s. 79A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para 3(2)
[^c23359601]: [S. 79A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23360091]: Word in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360111]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360141]: Words in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360161]: Word in [s. 79A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360181]: Words in [s. 79A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360221]: Words in [s. 79A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360241]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360271]: Words in [s. 79A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360291]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360311]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360341]: Words in [s. 79A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 49(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/49/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358531]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358551]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358561]: [S. 80-82](https://www.legislation.gov.uk/ukpga/1988/1/section/80) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 51-53](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/51), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572251]: SOURCE-1970 s. 132
[^c21572261]: [Sch.7 para.36(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/2) [Copyright, Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)—*in force on* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced.*)*Previously* “the extension of the period of copyright in a design”.
[^c21827491]: [S. 83(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/a) modified (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 4 para. 1(1)(2)](https://www.legislation.gov.uk/ukpga/1994/26/schedule/4/paragraph/1/1/2); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^c21827471]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) repealed (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 5](https://www.legislation.gov.uk/ukpga/1994/26/schedule/5); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^c21852461]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23360671]: Words in [s. 83](https://www.legislation.gov.uk/ukpga/1988/1/section/83) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 56](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/56) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572291]: [S. 84](https://www.legislation.gov.uk/ukpga/1988/1/section/84) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 68(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/68/1/2)
[^c21856451]: [S. 84](https://www.legislation.gov.uk/ukpga/1988/1/section/84): functions transferred (1.7.1999 immediately after the coming into force of [Scotland Act 1998 (c. 46)](https://www.legislation.gov.uk/ukpga/1998/46), [s. 53](https://www.legislation.gov.uk/ukpga/1998/46/section/53)) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1999/672/article/1/2), [2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c21834661]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/2/2)
[^c21834681]: [S. 84(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3A/3B) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/2/3)
[^c21859171]: Words in [s. 84(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/1/a)
[^c21859141]: [S. 84(1)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1/b/3/b) and preceding words repealed (with effect in accordance with s. 579 of the repealing Act) by Capital Allowances Act 2001 (c, 2), Sch. 2 para. 17(1)(b)(3), {Sch. 4}
[^c21859211]: Words in [s. 84(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/2/a)
[^c21859231]: Words in [s. 84(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/2/b)
[^c21859251]: Words in [s. 84(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4/a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 17(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/17/4)
[^c23360931]: Words in [s. 84(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360951]: Words in [s. 84(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360971]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360991]: Words in [s. 84(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361011]: [S. 84(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3A): by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/4) it is provided that "In subsection (3A) for "above is--" to the end substitute "the period of two years beginning at the end of the accounting period in which the gift is made."" (in force 6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/883/1) of the amending Act) (with Sch. 2)
[^c23358571]: [S. 84(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/3B) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361031]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361051]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361081]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361101]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361131]: Words in [s. 84(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 58(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/58/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572311]: SOURCE-1978 s. 60
[^c21858731]: [S. 85](https://www.legislation.gov.uk/ukpga/1988/1/section/85) amended (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 50](https://www.legislation.gov.uk/ukpga/2000/17/section/50)
[^c21852481]: Words in [s. 85(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85/1/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357011]: [S. 85(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/85/1/b/c) substituted for s. 85(1)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 5(2)
[^c21572331]: SOURCE-1983 s. 28; 1984 s. 33; 1987 s. 34
[^c21856741]: Words in [s. 86(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/3) repealed (retrospectively) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(2)(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/2/5), [Sch. 20 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/14), Note
[^c21856761]: [S. 86(3)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/3/a) substituted (with effect in accordance with [s. 58(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/3)
[^c21856781]: [S. 86(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/4) inserted (with effect in accordance with [s. 58(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 58(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/58/4)
[^c23357131]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 7(2)
[^c23357151]: [S. 86(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/2): definition of "deductible" substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 7(3)
[^c23361171]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361191]: Words in [s. 86(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361211]: [S. 86(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/86/2): words in definition of "deductible" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 60(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/60/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572371]: *See*—1976(D) Sch.6 para.4(4)—*no account to be taken of any deduction of realised development value.* 1976(D)*repealed by* 1985 ss.93, 98(6)*and* Sch.27 Part X*from* 19*March* 1985.1990(C) s.111—*reduction of qualifying expenditure for premium relief.*
[^c21827511]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 15(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/15/2) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S. I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c21572381]: SOURCE-1970 s. 134(1); 1978 s. 32
[^c21572391]: SOURCE-1970 s. 134(2), (3); 1978 s. 32
[^c21572401]: SOURCE-1970 s. 134(4)
[^c21572411]: SOURCE-1970 s. 134(4)(a)
[^c21572421]: SOURCE-1970 s. 134(4)(b)
[^c21572431]: SOURCE-1970 s. 134(5), (6); 1986 Sch. 13 para. 26
[^c21572451]: *Words repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21572461]: SOURCE-1970 s. 134(1)(i), (ii)
[^c21832891]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 9(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/9/2)
[^c21847131]: [S. 87](https://www.legislation.gov.uk/ukpga/1988/1/section/87) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch 7 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/21/2) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c21827711]: [S. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) modified (with effect in accordance with s. 39(4)(5) of the modifying act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 14(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/14/1)
[^c21853591]: [S. 87(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1/a/b) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 34](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/34) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c21852521]: Words in [s. 87(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/6) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853581]: [S. 87(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/10) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c21859271]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 18](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/18)
[^c23361271]: Words in [s. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358591]: Word at the end of s. 87(1)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361291]: [S. 87(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1/c/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361311]: Words in [s. 87(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361331]: Words in [s. 87(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361351]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361381]: Words in [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361401]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361421]: Words in [s. 87(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361441]: Word in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361461]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361481]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361501]: Words in [s. 87(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361531]: Words in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361571]: Word in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361591]: Words in [s. 87(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361611]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361631]: Word in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361651]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361691]: Words in [s. 87(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361721]: Words in [s. 87(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/8) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361741]: [S. 87(9)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/9/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361761]: [S. 87(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/87/9A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 62(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/62/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572471]: SOURCE-1972 s. 124(1)
[^c21572481]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c21852541]: Words in [s. 88(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23357191]: [S. 88(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 9(2)
[^c23361801]: Words in [s. 88](https://www.legislation.gov.uk/ukpga/1988/1/section/88) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361821]: Words in [s. 88(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361841]: Words in [s. 88(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/88/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 64(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/64/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23416311]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834711]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23416321]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834721]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23416331]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 74](https://www.legislation.gov.uk/ukpga/1990/29/section/74)
[^c21834741]: [Ss. 88A-88C](https://www.legislation.gov.uk/ukpga/1988/1/section/88A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c23361861]: [S. 89](https://www.legislation.gov.uk/ukpga/1988/1/section/89) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 65](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/65) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369401]: Words in [s. 89(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/89/3) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/3/3/a)
[^c23369421]: [S. 89(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/89/4/5) added (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/3/3/b)
[^c23357211]: [S. 90(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 10(2)
[^c23357241]: [S. 90(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 10(3)
[^c23361881]: Words in [s. 90(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361901]: Words in [s. 90(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361931]: Words in [s. 90(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358611]: Words in [s. 90(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/90/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 66(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/66/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572521]: SOURCE-1970 s. 141(1)
[^c21572531]: SOURCE-1970 s. 141(2)
[^c21572541]: SOURCE-1970 s. 141(3)–(8)
[^c21572551]: [1952 c. 33](https://www.legislation.gov.uk/ukpga/1952/33).
[^c21852581]: Words in [s. 91(1)(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1/4/a/i) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21859291]: [S. 91(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/9) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 19](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/19)
[^c23363401]: Words in [s. 91(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23363421]: Words in [s. 91(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23363731]: Words in [s. 91(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364111]: Words in [s. 91(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364131]: Words in [s. 91(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364151]: Words in [s. 91(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364171]: Word in [s. 91(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/4/a/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364191]: Words in [s. 91(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364211]: Words in [s. 91(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364231]: Word in [s. 91(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364251]: Word in [s. 91(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364271]: [S. 91(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/91/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 67(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/67/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572731]: [Ss. 91A](https://www.legislation.gov.uk/ukpga/1988/1/section/91A), [91B](https://www.legislation.gov.uk/ukpga/1988/1/section/91B) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 78](https://www.legislation.gov.uk/ukpga/1990/29/section/78).
[^c21572741]: Words in [s. 91A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/4/b) substituted (25.10.1991) by [Planning and Compensation Act 1991 (c. 34, SIF 123:1, 2)](https://www.legislation.gov.uk/ukpga/1991/34), [s. 83(a)](https://www.legislation.gov.uk/ukpga/1991/34/section/83/a); [S.I. 1991/2272](https://www.legislation.gov.uk/uksi/1991/2272), [art. 3(2)](https://www.legislation.gov.uk/uksi/1991/2272/article/3/2)
[^c21572751]: [1974 c. 40](https://www.legislation.gov.uk/ukpga/1974/40).
[^c21572761]: [S.I. 1978/1049 (N.I.19)](https://www.legislation.gov.uk/nisi/1978/1049).
[^c21572771]: [S. 91A(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/c) and the word “or” immediately preceding it inserted (27.7.1993 with effect in relation to any case where the trade in question is begun after 31.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 110(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/110/1/3)
[^c21572781]: [1960 c. 34](https://www.legislation.gov.uk/ukpga/1960/34).
[^c21572791]: [1993 c. 12](https://www.legislation.gov.uk/ukpga/1993/12).
[^c21572801]: [1965 c. 57](https://www.legislation.gov.uk/ukpga/1965/57).
[^c21572811]: [S. 91A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/7) substituted (25.10.1991) by [Planning and Compensation Act 1991 (c. 34, SIF 123:1, 2)](https://www.legislation.gov.uk/ukpga/1991/34), [s. 83(b)](https://www.legislation.gov.uk/ukpga/1991/34/section/83/b); [S.I. 1991/2272](https://www.legislation.gov.uk/uksi/1991/2272), [art. 3(2)](https://www.legislation.gov.uk/uksi/1991/2272/article/3/2)
[^c21572821]: [1990 c. 8](https://www.legislation.gov.uk/ukpga/1990/8).
[^c21572841]: [1991 c. 34](https://www.legislation.gov.uk/ukpga/1991/34).
[^c21847761]: Words in [s. 91A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/7) substituted (S.) (27.5.1997) by [Planning (Consequential Provisions) (Scotland) Act 1997 (c. 11)](https://www.legislation.gov.uk/ukpga/1997/11), [s. 6(2)](https://www.legislation.gov.uk/ukpga/1997/11/section/6/2), [Sch. 2 para. 41](https://www.legislation.gov.uk/ukpga/1997/11/schedule/2/paragraph/41)
[^c21852601]: Words in [s. 91A(2)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/2/3/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21858821]: [S. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (E.W.) (1.8.2000) by [The Pollution Prevention and Control (England and Wales) Regulations 2000 (S.I. 2000/1973)](https://www.legislation.gov.uk/uksi/2000/1973), [Sch. 10 para. 1](https://www.legislation.gov.uk/uksi/2000/1973/schedule/10/paragraph/1) (with [reg. 5](https://www.legislation.gov.uk/uksi/2000/1973/regulation/5))
[^c21858841]: [S. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (S.) (28.9.2000) by [The Pollution Prevention and Control (Scotland) Regulations 2000 (S.S.I. 2000/323)](https://www.legislation.gov.uk/ssi/2000/323), [Sch. 10 para. 2](https://www.legislation.gov.uk/ssi/2000/323/schedule/10/paragraph/2) (with [reg. 34](https://www.legislation.gov.uk/ssi/2000/323/regulation/34))
[^c21861161]: [S. 91A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/8) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23354891]: Words in [s. 91A(6)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/6/ba) inserted (31.3.2003) by [The Pollution Prevention and Control Regulations (Northern Ireland) 2003 (S.R. 2003/46)](https://www.legislation.gov.uk/nisr/2003/46), [reg. 1](https://www.legislation.gov.uk/nisr/2003/46/regulation/1), [Sch. 11 para. 3](https://www.legislation.gov.uk/nisr/2003/46/schedule/11/paragraph/3)
[^c23364291]: Word in [s. 91A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 68(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/68/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358631]: Words in [s. 91A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91A/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 68(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/68/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572861]: [S. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) inserted (27.7.1993 with effect in relation to any case where the trade in question is begun after 31.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 110(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/110/2/3)
[^c21852621]: Words in [s. 91B(2)(5)(a)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/2/5/a/6/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21861191]: [S. 91B(11)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/11/e) and preceding word repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23364311]: Words in [s. 91B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358651]: Words in [s. 91B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364341]: Word in [s. 91B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364361]: Words in [s. 91B(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/5/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364381]: Words in [s. 91B(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/5/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364401]: Words in [s. 91B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364421]: Words in [s. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364451]: Word in [s. 91B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/91B/10A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 69(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/69/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572301]: [S. 84A](https://www.legislation.gov.uk/ukpga/1988/1/section/84A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 42](https://www.legislation.gov.uk/ukpga/1991/31/section/42)
[^c21852471]: Words in [s. 84A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23354591]: [S. 84A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 11(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/11/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354611]: Words in [s. 84A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/4) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/11/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23356941]: [S. 84A(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/b/c) substituted for s. 84A(2)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(2)
[^c23356961]: Words in [s. 84A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(3)
[^c23356981]: [S. 84A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/3ZA) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 4(4)
[^c23361151]: Words in [s. 84A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/84A/2/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 59](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/59) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572321]: [S. 85A](https://www.legislation.gov.uk/ukpga/1988/1/section/85A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 43](https://www.legislation.gov.uk/ukpga/1991/31/section/43)
[^c21852491]: Words in [s. 85A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/10)
[^c23357031]: Word in [s. 85A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/a) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(2)(a)
[^c23357051]: [S. 85A(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/2/b/c) substituted for s. 85A(2)(b) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(2)(b)
[^c23357071]: Words in [s. 85A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(3)
[^c23357111]: [S. 85A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/85A/3A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 6(4)
[^c21572361]: [S. 86A](https://www.legislation.gov.uk/ukpga/1988/1/section/86A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.69](https://www.legislation.gov.uk/ukpga/1993/34/section/69)
[^c21852511]: Words in [s. 86A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23354651]: Words in [s. 86A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354671]: Words in [s. 86A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23354691]: [S. 86A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 13(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/13/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23357171]: [S. 86A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 8(2)
[^c23361231]: Words in [s. 86A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 61(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/61/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23361251]: Words in [s. 86A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/86A/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 61(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/61/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21852651]: Word in [s. 91C(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21859561]: Words in [s. 91C(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 20](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/20)
[^c23364511]: Word in [s. 91C(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/71) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364531]: Words in [s. 91C(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/91C/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/71) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21861141]: [S. 83A](https://www.legislation.gov.uk/ukpga/1988/1/section/83A) modified (with effect in accordance with s. 58(4) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 18 para. 9(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/18/paragraph/9/3/a)
[^c21859081]: [S. 83A(2)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/2/b/3/b) and preceding words repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 16(1)(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/16/1/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859111]: Words in [s. 83A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4/a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 16(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/16/3)
[^c23360691]: Words in [s. 83A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360711]: Words in [s. 83A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360731]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360751]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360771]: Words in [s. 83A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360791]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360811]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360841]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360861]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360881]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360911]: Words in [s. 83A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/83A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 57(5)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/57/5/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357951]: [S. 82A](https://www.legislation.gov.uk/ukpga/1988/1/section/82A) modified (1.1.2005 with effect in accordance with art. 2 of the commencing S.I.) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 53(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/53/2); [S.I. 2004/3268](https://www.legislation.gov.uk/uksi/2004/3268), [art. 2](https://www.legislation.gov.uk/uksi/2004/3268/article/2)
[^c23360611]: Word in [s. 82A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360631]: Words in [s. 82A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360651]: Word in [s. 82A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 54(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/54/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23417381]: Word in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 55(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/55/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369591]: Words in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) substituted (with effect in accordance with [s. 15(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 15(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/2)
[^c23417391]: Word in [s. 82B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 55(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/55/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369611]: Words in [s. 82B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/82B/3) substituted (with effect in accordance with [s. 15(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 15(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/15/3)
[^c23364471]: Words in [s. 91BA(1)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/91BA/1/c/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 70(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/70/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364491]: Word in [s. 91BA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/91BA/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 70(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/70/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860901]: [S. 76A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/3)
[^c21860921]: [S. 76A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/4)
[^c21860941]: [S. 76A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/5/6) added (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/5)
[^c23359821]: Words in [s. 76A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76A/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 46](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/46) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21860961]: Words in [s. 76B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/7)
[^c21860981]: [S. 76B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/4) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 16(8)](https://www.legislation.gov.uk/uksi/2001/3629/article/16/8)
[^c23356511]: Words in [s. 76B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/2)
[^c23356531]: Words in [s. 76B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/2) inserted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/3/a)
[^c23356551]: Words in [s. 76B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/76B/2) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/1/3/b)
[^c23359621]: Words in [s. 79B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(2)
[^c23359641]: [S. 79B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para. 3(3)
[^c23360361]: Word in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360381]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360411]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360431]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360451]: Words in [s.79B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/3) inserted (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360471]: Words in [s. 79B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360491]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360521]: Words in [s. 79B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360541]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360561]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23360591]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/79B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 50(4)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/50/4/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369301]: Words in [s. 75A(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/75A/10/a) inserted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 22(a)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/22/a)
[^c23369321]: Words in [s. 75A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/75A/10/b) inserted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 22(b)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/22/b)
[^c21572871]: SOURCE-1984 s. 54(1), (4)
[^c21572881]: SOURCE-1984 s. 54(2), (3)
[^c21572891]: [1982 c. 52](https://www.legislation.gov.uk/ukpga/1982/52).
[^c21572901]: SOURCE-1980 s. 42(1)
[^c21572911]: SOURCE-1980 s. 42(2)
[^c21572921]: [1972 c. 63](https://www.legislation.gov.uk/ukpga/1972/63).
[^c21572931]: [1966 c. 36 (N.I.)](https://www.legislation.gov.uk/apni/1966/36).
[^c21572941]: [1971 c. 22 (N.I.)](https://www.legislation.gov.uk/apni/1971/22).
[^c21572951]: SOURCE-1980 s. 42(2); 1984 s. 55(1)
[^c21572961]: [S.I. 1982/1083 (N.I. 15)](https://www.legislation.gov.uk/nisi/1982/1083).
[^c21572971]: SOURCE-1980 s. 42(3); 1984 s. 55(2)
[^c23357261]: Words in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 1(2), Sch. para 11(2)
[^c23364551]: Word in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 72(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/72/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364571]: Words in [s. 93(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/93/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 72(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/72/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21572981]: SOURCE-1970 s. 136
[^c21826351]: [S. 94](https://www.legislation.gov.uk/ukpga/1988/1/section/94) renumbered as s. 94(1) (3.5.1994) by virtue of [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/4)
[^c21826371]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) inserted (with effect in accordance with [s. 144(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/3/a)
[^c21852661]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364591]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 73(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/73/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364611]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 73(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/73/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369471]: Words in [s. 94(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/1) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/4/2)
[^c23369461]: [S. 94(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/94/2) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/4/3), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c21847241]: [S. 95(1)(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1/1A/1B/2) substituted for s. 95(1)-(3) (with effect in accordance with [Sch. 7 para. 8(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/8/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 8(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/8/1)
[^c21849001]: [S. 95(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/2)
[^c21849021]: Words in [s. 95(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/a)
[^c21849121]: [S. 95(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/b) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/b), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849041]: Words in [s. 95(1A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/c) substituted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/c)
[^c21849131]: [S. 95(1A)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/d) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(d)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/d), [Sch. 8 pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849061]: [S. 95(1A)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/e) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(3)(e)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/3/e)
[^c21849141]: [S. 95(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1B) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/4), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849151]: Words in [s. 95(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/5/a), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c21849081]: Words in [s. 95(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2/a) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/5/b)
[^c21849101]: [S. 95(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2A) inserted (with effect in accordance with [s. 24(15)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/6)
[^c21849171]: [S. 95(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/4/5) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(7)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/7/8). {Sch. 8 Pt. 2(8)}
[^c23354741]: [S. 95(1A)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/e) repealed (with effect in accordance with Sch. 43 Pt. 3(6) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/6)
[^c23356591]: [S. 95(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1C) inserted (2.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 137(2)(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/137/2/6)
[^c23364651]: Words in [s. 95(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358671]: [S. 95(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/1A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364671]: Words in [s. 95(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/95/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 74(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/74/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573031]: SOURCE-1970 s. 139
[^c21852681]: Words in [s. 97](https://www.legislation.gov.uk/ukpga/1988/1/section/97) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364691]: Words in [s. 98(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364711]: Words in [s. 98(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364731]: Words in [s. 98(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/98/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 77(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/77/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573061]: SOURCE-1970 s. 142(1)
[^c21573071]: SOURCE-1970 s. 142(2), (4)
[^c21573081]: SOURCE-1970 s. 142(2), (4)
[^c21852691]: Words in [s. 99(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/1/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23364751]: Words in [s. 99(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364771]: Words in [s. 99(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364791]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364831]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364851]: Words in [s. 99(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/99/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 78(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/78/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23394171]: [S. 76ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZE) applied (with modifications) (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 2 para. 139(3)(4)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/139/3/4) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23418131]: [S. 76ZN](https://www.legislation.gov.uk/ukpga/1988/1/section/76ZN) and cross-heading inserted (1.4.2009 with effect in accordance with [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/44) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21573091]: *See*—1988(F) Sch.12 para.2—*building societies converting to companies.*[Trustee Savings Bank Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(1)—*this provision not to apply to the discontinuance of an existing bank under the* TSB Act 1985.
[^c21573101]: Source—1970 s.137(1)
[^c21573111]: Source—1970 s.137(4)
[^c21829261]: Words in [s. 100(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1/a) substituted (with application in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 140(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/1)
[^c21829301]: [S. 100(1A)-(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A) inserted (with application in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/140/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), by {s. 140(1)}
[^c21829321]: [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39).
[^c21852711]: Words in [s. 100(1)(1D)(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1/1D/1E) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21861421]: [S. 100](https://www.legislation.gov.uk/ukpga/1988/1/section/100) excluded (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 11(3)](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/11/3); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3-7](https://www.legislation.gov.uk/uksi/2003/120/article/3) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21861211]: [S. 100(1B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1B/a) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 105(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/105/1), [Sch. 40 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/17)
[^c21861221]: [S. 100(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/3) inserted (with application in accordance with [s. 106(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/106/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 106(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/106/1)
[^c23356611]: [S. 100(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1ZA) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/2/2)
[^c23364871]: Words in [s. 100(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364891]: Words in [s. 100(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364911]: Words in [s. 100(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364931]: Words in [s. 100(1C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1C/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364951]: Word in [s. 100(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1D) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364971]: Words in [s. 100(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1E) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23364991]: Words in [s. 100(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/1E) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358721]: Words in [s. 100(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/100/2/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 79(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/79/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573121]: Source—1970 s.138(1)
[^c21573131]: Source—1970 s.138(3)
[^c21573141]: Source—1970 s.138(5)
[^c21834931]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/3/2)
[^c21834951]: [S. 101(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/3/3)
[^c21852741]: Words in [s. 101(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1/2/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365011]: Words in [s. 101(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358781]: Words in [s. 101(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358791]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365031]: Words in [s. 101(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358841]: [S. 101(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358811]: Words in [s. 101(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/2A/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358861]: Words in [s. 101(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/101/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 80(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/80/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573151]: Source—1970 s.137(2), 138(2)
[^c21573161]: Source—1970 s.137(3), 138(4)
[^c21834971]: Words in [s. 102(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1/a) substituted (with effect in accordance with [Sch. 22 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/22/paragraph/12) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 22 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/22/paragraph/11)
[^c21852761]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23358901]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365051]: Words in [s. 102(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358921]: Words in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(a)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/a/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365071]: Words in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365091]: Word in [s. 102(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/102/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 81(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/81/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573171]: Source—1970 s.143; 1983 s.27(b)
[^c21573181]: [Sch.7 para.36(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/3) [Copyright Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)*in force on* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced*).
[^c21826461]: Words in [s. 103(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4/b) inserted (with effect in accordance with [s. 144(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/3/b)
[^c21826491]: [S. 103(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 144(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/144/5)
[^c21852771]: Words in [s. 103(1)(2)(a)(b)(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1/2/a/b/4/a/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365111]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358951]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365131]: Words in [s. 103(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365151]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365171]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365191]: Word in [s. 103(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(a)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23358971]: [S. 103(3)(b)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3/b/bb) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23423281]: Words in [s. 103(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 82(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/82/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369491]: Words in [s. 103(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4/b) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/2)
[^c23369271]: [S. 103(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/4A) repealed (with effect in accordance with s. 80(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/3), [Sch. 11 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/5), Note
[^c23369511]: Words in [s. 103(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/103/5) substituted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 5(5)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/5/5)
[^c21573191]: Source—1970 s.144(1)
[^c21573211]: Source—1970 s.144(3), (4)
[^c21852841]: Words in [s. 104(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853831]: [S. 104(4)(5)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/4/5/7) repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23365231]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359011]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365251]: Words in [s. 104(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365271]: Words in [s. 104(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359031]: Words in [s. 104(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/104/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 83(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/83/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573221]: Source—1970 s.145
[^c21835011]: [S. 105](https://www.legislation.gov.uk/ukpga/1988/1/section/105) modified by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 15A](https://www.legislation.gov.uk/ukpga/1990/1/section/15A) (as inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 201](https://www.legislation.gov.uk/ukpga/1996/8/section/201), [Sch. 39 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/1/2))
[^c21829331]: Words in [s. 105(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/2) inserted (with effect in accordance with [s. 90(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/6)
[^c21852921]: Words in [s. 105(1)(a)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1/a/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853881]: [S. 105(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/4) repealed (with application in accordance with Sch. 27 Pt. 3(6) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/6)
[^c23365291]: Words in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365331]: Word in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365351]: Word in [s. 105(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365371]: Words in [s. 105(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/105/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 84(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/84/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573231]: Source—1970 s.147
[^c21852931]: Word in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365411]: Words in [s. 106(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365431]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365451]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365471]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365491]: Words in [s. 106(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/106/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 85(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/85/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573271]: Source—1970 s.151(1)
[^c21573291]: Source—1970 s.151(2)-(5)
[^c21829441]: Words in [s. 110(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/1) substituted (with effect in accordance with [s. 90(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/3)
[^c21852991]: Words in [s. 110(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/3/4/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23365571]: [S. 110(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/110/1A) subsituted for s. 110(2) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 90](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/90) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21829371]: [S. 109A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/1) modified (with application as stated in s. 90(7) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 90(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/90/2)
[^c21835111]: Words in [s. 109A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/5/1)
[^c21835131]: [S. 109A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/4A) inserted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/5/2)
[^c21852961]: Words in [s. 109A(2)(d)(4)(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/2/d/4/4A) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23359091]: [S. 109A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359111]: Words in [s. 109A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359131]: Words in [s. 109A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/4A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365531]: Words in [s. 109A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365551]: [S. 109A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/109A/6A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 89(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/89/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22730011]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) modified (1.5.1995) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)
[^c22730031]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) excluded (subsection (1) excepted) (with application in accordance with s. 44 of the excluding act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/1/2), [Sch. 6 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/6/6)
[^c22730041]: [S. 111](https://www.legislation.gov.uk/ukpga/1988/1/section/111) excluded (subsection (1) excepted) (with effect in accordance with s. 64 and Sch. 22 paras. 16-18 of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 13(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/13/6)
[^c23365591]: Words in [s. 111(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/111/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 92(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/92/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573401]: Source—1970 s.155(1); 1973 s.31(5); 1980 s.39(3)
[^c21573411]: Source—1970 s.155(2); 1972 s.107(2)
[^c21826551]: [S. 114(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 172(4)-(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/172/4)
[^c21826581]: Words in [s. 114(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) inserted (with effect in accordance with [s. 215(4)(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/4/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/2) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21826661]: [S. 114(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/4) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/a), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21831731]: Words in [s. 114(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/1) inserted (with effect in accordance with [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/4)
[^c21831771]: [S. 114(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/114/3) repealed (with effect in accordance with [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 218(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/218/1)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(15)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/15), Note 1
[^c23385131]: [S. 115(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5C) inserted (retrospectively) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(1)(4)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/1/4)
[^c21827331]: [S. 115(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/1)(6) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21832551]: [S. 115(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/4/5) substituted (with effect in accordance with [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/5)
[^c23354721]: Words in [s. 115(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/4/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23365611]: [S. 115(5)-(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5) substituted for s. 115(5) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 95(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/95/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426381]: [S. 115(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/115/5) modified (with retrospective effect) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(5)(6)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/5/6/b)
[^c21573471]: Source—1973 s.31(1)-(5), (9), 32(6)
[^c21853931]: [S. 116(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/2/d) repealed (with effect in accordance with Sch. 3 para. 10(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 10(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/10/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21859591]: [S. 116(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/4/b) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 21](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/21)
[^c23365631]: Word in [s. 116(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/116/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 96](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/96) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573491]: Source—1985 Sch.12 2(1)-(3).
[^c21573511]: 1985 Sch.12 1, 2(4)
[^c21573521]: [1907 c. 24](https://www.legislation.gov.uk/ukpga/1907/24).
[^c21573541]: Source—1985 Sch.12 4
[^c21573551]: Source—1985 Sch.12 2(5)
[^c21853271]: Words in [s. 117(1)(3)(b)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1/3/b/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b) Sch. 7 para. 1
[^c21859821]: Words in [s. 117(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859841]: Words in [s. 117(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859861]: [S. 117(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(1)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/1/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21859871]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/2/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 22(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/3))
[^c21859881]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 22(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/3))
[^c21859901]: [S. 117(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 22(2)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/2/c), [Sch 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 22(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/22/3))
[^c23356631]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/2)
[^c23357291]: Words in [s. 117(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(a)(i)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/a/i/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357311]: Words in [s. 117(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/1/a) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(a)(ii)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/a/ii/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357331]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(b)(i)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/b/i/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23426891]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(b)(ii)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/b/ii/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357381]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 78(1)(a)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/78/1/a/4)
[^c23357401]: [S. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2): definition of "the amount of any reclaimed relief" inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 78(1)(b)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/78/1/b/4)
[^c23357361]: Words in [s. 117(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/2) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(1)(c)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/1/c/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357421]: [S. 117(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/117/5) added (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(2)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/2/5)
[^c21573601]: Source—1985 Sch.12 3(1)-(3)
[^c21573611]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 4(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/4/a)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21573631]: Source—1985 Sch.12 3(4), 1, 4
[^c21573641]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 4(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/4/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21853941]: Words in [s. 118(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1/2) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 35](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/35)
[^c21853301]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21860031]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860111]: Words in [s. 118(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860071]: [S. 118(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/1/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(1)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/1/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c21860121]: Words in [s. 118(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/a) {Sch. 4} (with Sch. 2 para. 23(3))
[^c21860131]: Words in [s. 118(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2/b) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/3))
[^c21860091]: [S. 118(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118/2/b) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 23(2)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/2/c), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 2 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/23/3))
[^c21860751]: [S. 118ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA) substituted (retrospective to 6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(1)(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/1/6)
[^c23365651]: Words in [s. 118ZA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 97(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/97/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365671]: Words in [s. 118ZA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZA/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 97(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/97/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427041]: [S. 118ZB](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZB) renumbered as s. 118ZB(1) (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/3)
[^c23356671]: [S. 118ZB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZB/2) added (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/3)
[^c23357451]: Words in [s. 118ZB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZB/2) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(2)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/2/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357671]: [S. 118ZC(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZC/5) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(3)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/3/5)
[^c23356681]: Words in [s. 118ZD(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZD/2) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 124(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/124/4)
[^c23357471]: Words in [s. 118ZE(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE/1) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(3)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/3/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23365691]: Words in [s. 118ZE(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 98(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/98/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365711]: Words in [s. 118ZE(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 98(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/98/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365731]: Words in [s. 118ZE(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZE/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 98(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/98/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357501]: Words in [s. 118ZF(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZF/1) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(4)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/4/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357691]: Words in [s. 118ZF(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZF/1) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 78(2)(a)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/78/2/a/4)
[^c23357701]: [S. 118ZF(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZF/1A) inserted (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 78(2)(b)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/78/2/b/4)
[^c23357531]: Words in [s. 118ZG(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZG/2/b/ii) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(5)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/5/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357711]: [S. 118ZG(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZG/7) added (retrospective to 2.12.2004) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 73(4)(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/73/4/5)
[^c23365751]: Words in [s. 118ZH(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZH/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 99](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/99) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357561]: Words in [s. 118ZJ(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZJ/3) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(6)(a)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/6/a/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357591]: Words in [s. 118ZJ(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZJ/4) repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(6)(b)(i)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/6/b/i/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357631]: [S. 118ZJ(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZJ/4/b) and preceding word repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(6)(b)(ii)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/6/b/ii/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23357661]: [S. 118ZJ(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZJ/5/b) and preceding word repealed (retrospective to 2.12.2004 with effect in accordance with s. 72(7)-(11) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 72(6)(c)(12)](https://www.legislation.gov.uk/ukpga/2005/7/section/72/6/c/12), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/4), Note
[^c23365771]: Words in [s. 118ZK(2)(b)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZK/2/b/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 100](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/100) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365801]: Words in [s. 118ZL(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 101(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/101/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365821]: Words in [s. 118ZL(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 101(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/101/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365841]: Words in [s. 118ZL(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL/6/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 101(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/101/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365861]: Words in [s. 118ZL(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZL/6/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 101(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/101/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23357931]: [S. 118ZM](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM) modified (retrospective to 2.12.2004) by [Finance Act 2005 (c.7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 3 paras. 17](https://www.legislation.gov.uk/ukpga/2005/7/schedule/3/paragraph/17), [31(3)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/3/paragraph/31/3)
[^c23365881]: Words in [s. 118ZM(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/118ZM/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 102](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/102) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573671]: Source—1970 s.156
[^c21573681]: [S. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) excluded (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 201(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21573691]: Words in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) inserted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(4)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/4) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21832621]: Words in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) repealed (with effect in accordance with s. 145(3), Sch. 29 Pt. 8(22) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 145(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/1), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c21832661]: Words in [s. 119(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/2) repealed (with effect in accordance with Sch. 29 Pt. 8(22) Note of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c21861441]: Word in [s. 119(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/3) repealed (S.) (28.11.2004) by Abolition of Feudal Tenure etc. (Scotland) Act (asp 5), ss. 71, 77(2), Sch. 12 para. 50(3), {Sch. 13 Pt. 1}; [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23365901]: Word in [s. 119(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/119/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 103](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/103) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573701]: Source—1970 s.157
[^c21847521]: Words in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) inserted (with effect in accordance with [s. 60(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(2)(a)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/2/a)
[^c21847561]: Words in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(2)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/2/b), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21847541]: [S. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) inserted (with effect in accordance with [s. 60(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/3)
[^c21847571]: [S. 120(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/2) repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 60(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/60/4), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c21847611]: [S. 120(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/5/c) and preceding word repealed (with effect in accordance with s. 60(5), Sch. 18 Pt. 6(2) Note of the repealing Act) by Finance Act 1997, (c. 16), s. 60(5), {Sch. 18 Pt. 6(2)}
[^c23365921]: Word in [s. 120(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365941]: Words in [s. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23365961]: Words in [s. 120(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/120/1A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 104(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/104/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573711]: Source—1970 s.158(1), (2)
[^c21832671]: [S. 121(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/121/1) substituted for s. 121(1)(2) (with effect in accordance with [s.145(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 145(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/145/2)
[^c23359361]: [S. 121(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/121/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 105](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/105), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21573811]: Source—1970(F) s.29(1), (3); 1971 Sch.9 4
[^c21573821]: [S. 122(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1/b) and the word "and" immediately preceding it repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21573841]: Source—1970(F) s.29(2)
[^c21573851]: [S. 122(3)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/3/8) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 20](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/20), [22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27)).
[^c21573881]: *For regulations see* Part III Vol.5.
[^c21573891]: [S. 122(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/5) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 203(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/203/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21573911]: [1966 c. 4](https://www.legislation.gov.uk/ukpga/1966/4).
[^c21573931]: [1969 c. 35 (N.I.)](https://www.legislation.gov.uk/apni/1969/35).
[^c21573941]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28).
[^c21573951]: [1903 c. 37](https://www.legislation.gov.uk/ukpga/1903/37).
[^c21832691]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) repealed (1.5.1995 with effect in accordance with Note to Sch. 29 Pt. 8(22) of the amending act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(22)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/22)
[^c23365991]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359371]: Words in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(b)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/b/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366011]: Word in [s. 122(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359411]: Words in [s. 122(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366031]: Words in [s. 122(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23359431]: [S. 122(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/122/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 106(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/106/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21574141]: Source—1977 s.48
[^c21574151]: *See* 1989 s.59—*rights of admission disregarded in the case of certain covenanted subscriptions.*
[^c23369551]: [S. 125(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/b) substituted (with retrospective effect in accordance with [s. 91(7)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/7) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/2)
[^c23366051]: [S. 125(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/2/a) and word substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 107(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/107/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23366071]: Words in [s. 125(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 107(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/107/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23369631]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) substituted (with effect in accordance with [s. 38(7)(13)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/7/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/3)
[^c23369651]: Words in [s. 125(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/125/1) repealed (with effect in accordance with s. 38(7)(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c21574281]: Source—1985 s.72(1), (2); 1987 (No.2) s.81(1)
[^c21574291]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(7)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/7) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21861281]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) renumbered as s. 128(1) (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/1/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21861351]: Words in [s. 128](https://www.legislation.gov.uk/ukpga/1988/1/section/128) renumbered as s. 128(3) (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 3(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/3/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c21574451]: *See*—1988 s.338(6)—*definition applied for purposes of* s.338(3) (*charges*).1988 s.576(5)—*definition applied for purposes of* ss.573 to 576 (*losses on unquoted shares in trading companies*).[Trustee Savings Banks Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(6).
[^c23356841]: [S. 130](https://www.legislation.gov.uk/ukpga/1988/1/section/130) sidenote substituted (with effect in accordance with ss. 38(5), 42, 43 of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 38(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/38/4)
[^c21574741]: [S. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss.120](https://www.legislation.gov.uk/ukpga/1992/12/section/120), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21574751]: Source—1972 s.79(1), (4)
[^c21574761]: Source—[1972 c.79](https://www.legislation.gov.uk/ukpga/1972/79)(1), (7)
[^c21574771]: Source—1972 s.79(2)(b), (3)(b), (8)
[^c21574781]: Source—1973 Sch.8 1
[^c21574791]: Source—1972 s.79(2)(c); 1973 Sch.8 4(1)(a)
[^c21574801]: Source—1972 s.79(2)(bb); 1984 s.40(1)
[^c21574811]: Source—1972 s.79(6)
[^c21574821]: Source—1973 Sch.8 1(b), 3; 1974 s.20(2)
[^c21574831]: Source—1973 Sch.8 2
[^c21574841]: Source—1972 s.79(2)(c); 1973 Sch.8 4(1)(a)
[^c21574851]: Source—1972 s.79(2A); 1973 Sch.8 4(1)(b)
[^c21574861]: Source—1972 s.79(2B); 1984 s.40(2)
[^c21574871]: Source—1972 s.79(5), (6); 1973 Sch.8 4(1)(c); 1986 s.26(4)
[^c21574881]: Source—1972 s.79(5A), (5B); 1986 s.26(3), (6)
[^c21574891]: Source—1972 s.79(3)(a); 1974 s.20(1)(b)
[^c21574901]: [Ss. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138), [139](https://www.legislation.gov.uk/ukpga/1988/1/section/139) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) ss. 88, 148, Sch.14 Part VI in respect of shares issued on or after 26 October 1987, subject to transitional arrangements.
[^c23441861]: [Ss. 138-140](https://www.legislation.gov.uk/ukpga/1988/1/section/138) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4) (and as that affecting section 418 is substituted (with effect in accordance with [Sch. 22 para 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/1))
[^c23391981]: Words in [s. 138(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/138/1/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 16(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/16/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23392011]: Words in [s. 138(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/138/4/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 16(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/16/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21575111]: [Ss. 138](https://www.legislation.gov.uk/ukpga/1988/1/section/138), [139](https://www.legislation.gov.uk/ukpga/1988/1/section/139) repealed by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [ss. 88](https://www.legislation.gov.uk/ukpga/1988/39/section/88), [148](https://www.legislation.gov.uk/ukpga/1988/39/section/148), [Sch. 14 Part VI](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14) in respect of shares issued on or after 26 October 1987, subject to transitional arrangements.
[^c23441911]: [Ss. 138-140](https://www.legislation.gov.uk/ukpga/1988/1/section/138) continued for specified purposes (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 418(4)](https://www.legislation.gov.uk/ukpga/2003/1/section/418/4) (and as that affecting section 418 is substituted (with effect in accordance with [Sch. 22 para 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/2/1))
[^c21575011]: Source—1972 s.79(1A), (1B); 1984 s.41(1)
[^c21575021]: Source—1972 s.79(10), (11)
[^c21575031]: Source—1972 Sch.12 3; 1984 s.41(2)
[^c21575041]: Source—1972 Sch.12 3A; 1984 s.40(4)
[^c21575051]: Source—1973 Sch.8 5-7; 1982 s.41
[^c21575061]: Source—11982 s.41; 1986 s.23(4)
[^c21575071]: Source—1973 Sch.8 35; 1972 Sch.12 6, 8
[^c21575081]: Source—1972 s.79(6A); 1986 s.26(5)
[^c21575091]: Source—1972 s.79(4A); 1984 s.40(3)
[^c21575101]: Words in [s. 139(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/139/14) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(10)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/10) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21575731]: Source—1981 s.28; 1987 Sch.3 6
[^c22201601]: Words in [s. 152(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/152/1) inserted (7.10.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)(4)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2/4), [Sch. 2 para. 13](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/13); [S.I. 1996/2208](https://www.legislation.gov.uk/uksi/1996/2208), [art. 2(b)](https://www.legislation.gov.uk/uksi/1996/2208/article/2/b)
[^c22277021]: Words in [s. 152(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/152/7) substituted (27.6.2002) by [The Secretaries of State for Education and Skills and for Work and Pensions Order 2002 (S.I. 2002/1397)](https://www.legislation.gov.uk/uksi/2002/1397), [Sch. para. 6](https://www.legislation.gov.uk/uksi/2002/1397/schedule/paragraph/6)
[^c21580051]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21868021]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (with effect in accordance with s. 230(3) of the excluding Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 219(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/4), [220](https://www.legislation.gov.uk/ukpga/1994/9/section/220)
[^c22731381]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 219(4A)](https://www.legislation.gov.uk/ukpga/1994/9/section/219/4A), [220](https://www.legislation.gov.uk/ukpga/1994/9/section/220) (as that s. 219(4A) is inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4))
[^c22731391]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [6(2)(a)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/2/a)
[^c22732721]: [s. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) excluded (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by Finance Act1993 (c. 34), s. 171(4A) (as inserted by [1997 c. 58](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4)),
[^c23397881]: [S. 208](https://www.legislation.gov.uk/ukpga/1988/1/section/208) modified (with retrospective effect) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 3 para. 6(1)(2)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/6/1/2)
[^c21581151]: Source—1970 s.239
[^c21868001]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 14(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/14/5)
[^c21868371]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 13(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/13/5) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7), [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c21885271]: [Pt. 6 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/2) modified (8.11.1995) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [s. 18(2)(c)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/2/c), [Sch. 5 paras. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1), [10(4)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/4)
[^c21581251]: Source—1970 s.233(1); 1980 s.45(2)
[^c21581261]: Source—1970 s.233(2)(a), (b), (c); 1972 Sch.22 1, 2(1)
[^c21581271]: Source—1970 s.233(2)(d)(iii); 1972 Sch.22 3(2)
[^c21581281]: Source—1970 s.233(d), (e); 1970(F) Sch.4 6; 1972 Sch.22 3(1)
[^c21581291]: [S. 209(2)(e)(vii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/vii) and word "or" immediately preceding inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/1/4).
[^c21581301]: Source—1972 Sch.22 3(3)
[^c21581311]: Source—1970 s.233(3); 1972 Sch.22 4(3)
[^c21581321]: Source—1972 Sch.22 4(1), (2)
[^c21581331]: Source—1970 s.233(4)
[^c21581341]: Source—1972 Sch.22 2(2)
[^c21581351]: [S. 209(9)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/9) inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(2)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/2/4).
[^c21868391]: [S. 209(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da) inserted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/1)
[^c21868411]: Words in [s. 209(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e) substituted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/a)
[^c21868471]: [S. 209(2)(e)(iv)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/iv/v) repealed (with effect in accordance with s. 87(7)(8) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/b), [Sch. 29 Pt. 8(12)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/12), Note
[^c21868431]: Words in [s. 209(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3) substituted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/2/b)
[^c21868451]: [S. 209(8A)-(8F)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/8A) inserted (with effect in accordance with [s. 87(7)(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/7/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/3)
[^c21891551]: Words in [s. 209(2)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e/ii) substituted (with effect in accordance with [Sch. 38 para. 6(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/b)
[^c21890701]: [S. 209(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/11) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22735861]: [S. 209(2)(da)(e)(vii)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da/e/vii) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11A](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11A) (as inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para 11](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/11) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c22735751]: Words in [s. 209(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/1) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/9)
[^c22735771]: [S. 209(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3B) inserted (with application in accordance with [s. 86(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/1)
[^c22735881]: [S. 209(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3AA) inserted (with effect in accordance with [s. 102(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 102(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/102/1)
[^c23396201]: [S. 209(2)(b)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/b) excluded (12.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2006/3296/regulation/16)
[^c23394941]: [S. 209(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/da) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 34(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/34/1/a), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395031]: Words in [s. 209(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/2/e) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2)
[^c23395051]: Words in [s. 209(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395071]: Words in [s. 209(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/3A/a) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23394961]: [S. 209(8A)-(8F)](https://www.legislation.gov.uk/ukpga/1988/1/section/209/8A) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 34(1)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/34/1/b), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c21581361]: Source—1970 s.234(1), (2)
[^c21581371]: Source—1972 Sch.22 5(2), (3)
[^c21581381]: Source—1970 s.234(3); 1973 s.54
[^c21891571]: Words in [s. 210(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/210/4) substituted (with effect in accordance with [Sch. 38 para. 7(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 7(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/1/2/a)
[^c21581391]: Source—1970 s.235(1); 1972 Sch.22 6(1), (3)
[^c21581401]: Source—1972 Sch.22 6(2)
[^c21581411]: Source—1970 s.235 (2)-(5)
[^c23397511]: [Pt. 6 Chs. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/part/6/chapter/1): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 533(2)(3)(d)](https://www.legislation.gov.uk/ukpga/2009/4/section/533/2/3/d)
[^c23394681]: Words in [s. 209B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/209B/4) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/2)
[^c21581431]: Source—1982 s.60(1)-(4)
[^c21581441]: Words in [s. 212(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/1/b) inserted (16.7.1992 with application where the interest or other distribution is paid after 14.5.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 31(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/31/3/4).
[^c23395091]: Words in [s. 212(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/1/b) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395141]: Words in [s. 212(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/3) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23395131]: [S. 212(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/212/4) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c21581451]: Source—1980 s.117, Sch.18 1-8, 23
[^c21581461]: 1990 s.89*and* Sch.14 para.3 (*correction of errors*)—*deemed always to have had effect. Previously* “(3)(1)(a)”.
[^c23394721]: Words in [s. 213(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/213/11/a) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/3)
[^c21581471]: Source—1980 Sch.18 14
[^c21581491]: Source—1980 Sch.18 13
[^c22735921]: Words in [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/c) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/3)
[^c23394741]: Words in [s. 214(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/2) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/4)
[^c23395571]: Words in [s. 214(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/a) repealed (with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395591]: [S. 214(1)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1/ab) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395611]: [S. 214(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/214/1A/1B) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 111(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/111/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21581501]: Source—1980 Sch.18 17
[^c21581511]: Source—1980 Sch.18 18
[^c23394761]: Words in [s. 215(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/215/2) substituted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/5)
[^c21581521]: Source—1980 Sch.18 19
[^c21581531]: Source—1980 Sch.18 20
[^c21581561]: Source—1980 Sch.18 23
[^c21581541]: Source—1980 Sch.18 21
[^c21581551]: Source—1980 Sch.18 22
[^c21581571]: Source—1982 s.53(1)-(3); 1986 s.100
[^c21581591]: Source—1982 Sch.9 1, 2
[^c21581601]: Words in [s. 220(2)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/2/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(14)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/14) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c23396021]: Words in [s. 220(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/220/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [49](https://www.legislation.gov.uk/uksi/2005/3229/regulation/49)
[^c21581621]: Source—1982 Sch.9 3(1)
[^c21581631]: Source—1982 Sch.9 4
[^c21581641]: Source—1982 Sch.9 3(2)-(4)
[^c21581651]: Source—1982 Sch.9 3(5), (6)
[^c21581661]: [1985 c.6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21581671]: Source—1982 Sch.9 3(7)
[^c21581681]: Source—1982 Sch.9 5(1), (2)
[^c21581691]: Source—1982 Sch.9 6(1), (2)
[^c21581701]: Source—1982 Sch.9 6(3)
[^c21581711]: Source—1982 Sch.9 5(3)-(6)
[^c21581721]: Source—1982 Sch.9 5(7), 6(4)
[^c21581731]: Source—1982 Sch.9 5(8)-(10)
[^c21581741]: Source—1982 Sch.9 7
[^c21581751]: Source—1982 Sch.9 8
[^c21581761]: Source—1982 Sch.9 9
[^c21581771]: Source—1982 Sch.9 10
[^c21581781]: Source—1982 Sch.9 11
[^c21581791]: Source—1982 Sch.9 12
[^c21581801]: Source—1982 Sch.9 14
[^c23396061]: Words in [s. 227(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/227/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [50](https://www.legislation.gov.uk/uksi/2005/3229/regulation/50)
[^c21581811]: Source—1982 Sch.9 15
[^c21581821]: Source—1982 Sch.9 16
[^c21581831]: Source—1975 (No.2) Sch.8 6
[^c21581841]: Words in [s. 230](https://www.legislation.gov.uk/ukpga/1988/1/section/230) repealed (in relation to accounting periods beginning after 31.3.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Part V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17)
[^c23395631]: Words in [s. 230](https://www.legislation.gov.uk/ukpga/1988/1/section/230) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 112](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/112) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21581871]: *See* 1989 s.107*and* Sch.12—*close companies.*
[^c21581881]: Source—1972 s.86; 1972 s.110(1)
[^c21581891]: *See*—s.94—*taxation of dealer's receipts on purchase by company of own shares.*[s.423](https://www.legislation.gov.uk/ukpga/1988/1/section/423)*et seq—close company income.*[s.448](https://www.legislation.gov.uk/ukpga/1988/1/section/448)—*overseas life assurance companies.*
[^c21581951]: *Repealed by* 1989 s.187*and* Sch.17 Part IV*but in accordance with* 1989 ss.110*and* 111.
[^c21893561]: [S. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) excluded by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(2B)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/2B) (as inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/1))
[^c21893581]: [S. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) excluded by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 171(4B)](https://www.legislation.gov.uk/ukpga/1993/34/section/171/4B) (as inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/4))
[^c22732761]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (with effect in accordance with [s. 30(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/2/b)
[^c21893641]: [S. 231(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1A) inserted (with effect in accordance with [s. 30(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/3)
[^c22732921]: [S. 231(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/2) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/4), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9) (with savings in [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36), [s. 90(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/90/1) and [S.I. 1998/1871](https://www.legislation.gov.uk/uksi/1998/1871), [reg. 4(1)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/4/1))
[^c22732861]: [S. 231(3A)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/3A) repealed (with effect in accordance with s. 30(11), Sch. 8 Pt. 2(9) Note 3 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 30(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/30/7), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c22735731]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [6(2)(b)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6/2/b)
[^c22734711]: [S. 231(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/4) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 76(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/76/4)
[^c23396181]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 121(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/121/5), [Sch. 17 para. 18(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/18/2)
[^c23396771]: [S. 231](https://www.legislation.gov.uk/ukpga/1988/1/section/231) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/694)](https://www.legislation.gov.uk/uksi/2006/694), [regs. 69Z18(5)](https://www.legislation.gov.uk/uksi/2006/694/regulation/69Z18/5), [69Z19(2)](https://www.legislation.gov.uk/uksi/2006/694/regulation/69Z19/2) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5)
[^c23395651]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23472711]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) inserted (with effect in accordance with [s. 22(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 22(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/22/6)
[^c23395671]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395231]: Words in [s. 231(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 113(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395251]: [S. 231(3)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/3/3AA) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 113(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395691]: Words in [s. 231(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/231/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 113(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/113/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21885251]: [S. 234](https://www.legislation.gov.uk/ukpga/1988/1/section/234) applied (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 21(2)](https://www.legislation.gov.uk/uksi/1995/1979/regulation/21/2)
[^c21582181]: Source—1970 s.232(4); 1972 Sch.24 18
[^c21582191]: Words in [s. 234(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/234/1) substituted (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/2/a/4).
[^c21582201]: [S. 234(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/234/3/4) repealed (with application in relation to distributions begun after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 32(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/2/b/4), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 18 Pt.VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII).
[^c21582221]: Source—1972 Sch.21
[^c21582231]: 1989 s.107*and* Sch.12 para.11.*Previously* “paragraph 17 of Schedule 19 for the purposes of that Schedule”.
[^c23397291]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) applied (with modifications) (1.4.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [70](https://www.legislation.gov.uk/uksi/2006/964/regulation/70) (as amended (1.9.2009) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036)](https://www.legislation.gov.uk/uksi/2009/2036), [regs. 1](https://www.legislation.gov.uk/uksi/2009/2036/regulation/1), [2](https://www.legislation.gov.uk/uksi/2009/2036/regulation/2), [25](https://www.legislation.gov.uk/uksi/2009/2036/regulation/25))
[^c23397311]: [S. 234A](https://www.legislation.gov.uk/ukpga/1988/1/section/234A) applied (1.9.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) Regulations 2009 (S.I. 2009/2034)](https://www.legislation.gov.uk/uksi/2009/2034), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2034/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2009/2034/regulation/21)
[^c23394591]: [S. 234A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/4) excluded (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 493(3)](https://www.legislation.gov.uk/ukpga/2003/1/section/493/3) (with [s. 493(5)](https://www.legislation.gov.uk/ukpga/2003/1/section/493/5), [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23486891]: [S. 234A(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/4) applied (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 2 para. 80(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/80/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21891531]: [S. 234A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/234A/8A) inserted (with application in accordance with [Sch. 37 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/7) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/a)
[^c22732981]: Words in [s. 231B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/4/b) repealed (with effect in accordance with Sch. 4 para. 26(2), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para 26(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/26/1), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c23395801]: Words in [s. 231B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/231B/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 116](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/116) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395171]: [S. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) inserted (with effect in accordance with [Sch. 24 para. 1(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/1)
[^c23395721]: Words in [s. 231AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395741]: Words in [s. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395761]: Words in [s. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395781]: Words in [s. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395281]: Words in [s. 231AA(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AA/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 114(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/114/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395191]: [S. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) inserted (with effect in accordance with [Sch. 24 para. 1(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 1(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/1/2)
[^c23395941]: Words in [s. 231AB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395961]: Words in [s. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395981]: Words in [s. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23396001]: Words in [s. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395301]: Words in [s. 231AB(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/231AB/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 115(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/115/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583561]: *See* Sch.10 para.5—*profit sharing schemes.*
[^c21583571]: Source—1975 (No.2) s.34(1)-(6)
[^c21583581]: *Words repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c23395821]: Words in [s. 249(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch 1 para. 119(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/2)
[^c23395361]: [S. 249(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395841]: Words in [s. 249(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395421]: Words in [s. 249(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395861]: Words in [s. 249(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/249/9/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 119(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/119/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583661]: Source—1975 (No.2) Sch.8 7(1)
[^c21583671]: Source—1975 (No.2) Sch.8 7(2)
[^c21583681]: Source—1975 (No.2) Sch.8 7(3)-(6)
[^c21583691]: Words in [s. 250(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/7) repealed by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch. 17 Part V](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17) (in relation to accounting periods beginning after 31 March 1989).
[^c23395901]: Words in [s. 250(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/5/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 120(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/120/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23395921]: Words in [s. 250(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/250/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 120(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/120/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583751]: Source—1975 (No.2) s.34(8)(a)-(d)
[^c21891881]: [S. 251(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/251/1/c) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/4/2)
[^c23395441]: [S. 251(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/251/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 121](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/121), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21583831]: Source—1972 s.102; (No.2) s.88(5)-(7)
[^c21583821]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 80(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/80/8)
[^c21885211]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 15(4)(5)](https://www.legislation.gov.uk/uksi/1995/1979/regulation/15/4/5)
[^c21885231]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) applied (16.8.1995) by [The Venture Capital Trust Regulations 1995 (S.I. 1995/1979)](https://www.legislation.gov.uk/uksi/1995/1979), [reg. 20](https://www.legislation.gov.uk/uksi/1995/1979/regulation/20)
[^c22733931]: [S. 252](https://www.legislation.gov.uk/ukpga/1988/1/section/252) modified (31.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 35(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/35/10)
[^c21583841]: [S. 252(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/252/4) power exercised: 30.9.1993 appointed for the purposes of s. 252(2)(3) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b).
[^c21583861]: *See* 1989 s.157(1)*for reckonable date for interest charge under* 1970(M) s.86*where assessment made to recover corporation tax payable as the result of a claim under* s.240*made on or after* 14*March* 1989. (*Ceases to have effect for accounting periods ending after the day appointed for the purposes of* s.86).
[^c22735471]: [S. 252(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/252/1/a) repealed (with effect in accordance with Sch. 3 para. 21(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 21(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/21/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583871]: Source—1972 s.108
[^c22735491]: [S. 253(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/1/b) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/2/a), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735511]: Words in [s. 253(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/1) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/2/b), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735551]: [S. 253(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/2) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22735531]: Words in [s. 253(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/253/3/a) repealed (with effect in accordance with Sch. 3 para. 22(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 22(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/22/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21583881]: Source—1970 s.237(1), (3), (5); 1972 Sch.22 10(4)
[^c21583911]: Source—1972 Sch.22 10(1)-(3)
[^c21583921]: Source—1970 s.237(1)
[^c21583931]: Source—1972 Sch.22 8
[^c21583941]: Source—1972 Sch.22 9
[^c21583951]: Source—1970 s.237 (2)
[^c21583961]: Source—1970 s.237(4)
[^c21583971]: Source—1970 s.237(6)
[^c21583981]: Source—1970 s.237(7)
[^c21891591]: Words in [s. 254(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/254/11) substituted (with effect in accordance with [Sch. 38 para. 6(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/d)
[^c21890661]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [Airports Act 1986 (c. 31)](https://www.legislation.gov.uk/ukpga/1986/31), [s. 77(3)](https://www.legislation.gov.uk/ukpga/1986/31/section/77/3) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21890681]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [Gas Act 1986 (c. 44)](https://www.legislation.gov.uk/ukpga/1986/44), [s. 60(3)](https://www.legislation.gov.uk/ukpga/1986/44/section/60/3) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21890911]: [Pt. 6](https://www.legislation.gov.uk/ukpga/1988/1/part/6) modified by [British Steel Act 1988 (c. 35)](https://www.legislation.gov.uk/ukpga/1988/35), [s. 11(7)](https://www.legislation.gov.uk/ukpga/1988/35/section/11/7) (as substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 55](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/55) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c21584011]: Source-1970 s.5; 1971 Sch.4 3; 1975 (No.2) s.31(3); 1976 Sch.4 3(1), 18(1)
[^c21584021]: “287 and 288” *repealed by* 1988(F) Sch.14 Part. VIII*for* 1990-91*and subsequent years. And see* 1970(M) ss.42*and* 43—*procedure on claims and appeals.*
[^c21866331]: [S. 256](https://www.legislation.gov.uk/ukpga/1988/1/section/256) renumbered as s. 256(1) (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by Finance Act [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/1)
[^c21866351]: [S. 256(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2/3) inserted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by Finance Act [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2)
[^c22732211]: Words in [s. 256(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/2/a) substituted (1999-2000 and subsequent years of assessment) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 27(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/27/1/a)
[^c22732251]: [S. 256(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3) modified (2000-2001) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 35(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/4)
[^c22732221]: Words in [s. 256(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3/a) substituted (with effect in accordance with [s. 35(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 35(1)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/1/a)
[^c22732231]: [S. 256(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3/b) repealed (with effect in accordance with s. 35(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 35(1)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/1/b), [Sch. 20 Pt. 3(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/5), Note 2
[^c22732241]: [S. 256(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/256/3): words after para. (c) repealed (with effect in accordance with s. 35(3) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 35(1)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/35/1/c), [Sch. 20 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/4), Note
[^c21584101]: [Ss. 257-257F](https://www.legislation.gov.uk/ukpga/1988/1/section/257) substituted for s. 257 (1990-91 and subsequent years) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 33](https://www.legislation.gov.uk/ukpga/1988/39/section/33)
[^c21584131]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677), [arts.2(1)(3)](https://www.legislation.gov.uk/ukcm/1990/677/article/2/1/3) (*in* Part III Vol.5)*for* 1990-91.
[^c21584171]: 1989 s.33 for 1990-91*and subsequent years.*
[^c22732341]: [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(3)](https://www.legislation.gov.uk/uksi/1991/732/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1992-93) by [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(3)](https://www.legislation.gov.uk/uksi/1992/622/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amounts specified (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(3)](https://www.legislation.gov.uk/uksi/1993/755/article/2/3)) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amounts specified (1994-95) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 76](https://www.legislation.gov.uk/ukpga/1994/9/section/76) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(3)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/3)) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(3)(a)(d)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/3/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (1995-96) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 36](https://www.legislation.gov.uk/ukpga/1995/4/section/36) (in place of [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(3)(b)(c)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/3/b/c)) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1996-97) by [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (1996-97) by [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8), [s. 74(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/74/2) (in place of [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/3/a)) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (1997-98) by [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [s. 55(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/55/2) (in place of [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/3/a)) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(3)](https://www.legislation.gov.uk/uksi/1998/755/article/2/3) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (1999-00) by [S.I. 1998/2704](https://www.legislation.gov.uk/uksi/1998/2704), [art. 2](https://www.legislation.gov.uk/uksi/1998/2704/article/2) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(3)(c)](https://www.legislation.gov.uk/uksi/1999/597/article/2/3/c) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (1999-00) by [1999 c. 16](https://www.legislation.gov.uk/ukpga/1999/16), [s. 24(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/24/1) (in place of [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(3)(a)(b)](https://www.legislation.gov.uk/uksi/1999/597/article/2/3/a/b)) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2000-01) by [S.I. 1999/3038](https://www.legislation.gov.uk/uksi/1999/3038), [art. 2](https://www.legislation.gov.uk/uksi/1999/3038/article/2) [S. 257(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3/5) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(3)](https://www.legislation.gov.uk/uksi/2000/806/article/2/3) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (2001-02) by [S.I. 2000/2996](https://www.legislation.gov.uk/uksi/2000/2996), [art. 2(2)](https://www.legislation.gov.uk/uksi/2000/2996/article/2/2) [S. 257](https://www.legislation.gov.uk/ukpga/1988/1/section/257) amended (2002-03) by [S.I. 2001/3773](https://www.legislation.gov.uk/uksi/2001/3773), [art. 2(2)](https://www.legislation.gov.uk/uksi/2001/3773/article/2/2) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2003-04) by [2002 c. 23](https://www.legislation.gov.uk/ukpga/2002/23), [s. 28(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/28/1) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2003-04) by [2002 c. 23](https://www.legislation.gov.uk/ukpga/2002/23), [s. 29(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/29/1) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/2) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(2)(a)(d)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/2/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2004-05) by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 24(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/24/1) (in place of [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(2)(b)(c)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/2/b/c)) [S. 257(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/5) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(2)(a)(d)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/2/a/d) [S. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) amended (2005-06) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [s. 9(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/9/1) (in place of [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(2)(b)(c)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/2/b/c)) [S. 257(1)(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3/5) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(2)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/2) [S. 257(1)(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3/5) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(2)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/2) [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(3)(d)](https://www.legislation.gov.uk/uksi/2008/673/article/2/3/d) [S. 257(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1/2/3) amended (2008-09) by [2008 c. 9](https://www.legislation.gov.uk/ukpga/2008/9), [ss. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/2/1/b), [3(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/3/1) (in place of [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(3)(a)-(c)](https://www.legislation.gov.uk/uksi/2008/673/article/2/3/a)) [S. 257(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3/5) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(b)(ii)-(iv)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/b/ii) [S. 257(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/1) amended (2009-10) by [2009 c. 10](https://www.legislation.gov.uk/ukpga/2009/10), [s. 3(1)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/3/1/b) (in place of [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(b)(i)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/b/i))
[^c22222711]: Words in [s. 257(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/2/3) repealed (with effect as mentioned in s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/13), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23411951]: [S. 257(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257/5) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 192(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21584381]: [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (1991-92) by [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(4)(b)-(d)](https://www.legislation.gov.uk/uksi/1991/732/article/2/4/b) [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) amended (1991-92) by [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31), [s. 22(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/22/2) (in place of [S.I. 1991/732](https://www.legislation.gov.uk/uksi/1991/732), [art. 2(4)(a)](https://www.legislation.gov.uk/uksi/1991/732/article/2/4/a)) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (1992-93) by [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(4)(b)-(d)](https://www.legislation.gov.uk/uksi/1992/622/article/2/4/b) [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) amended (1992-93) by [1992 c. 20](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/3/5) (in place of [S.I. 1992/622](https://www.legislation.gov.uk/uksi/1992/622), [art. 2(4)(a)](https://www.legislation.gov.uk/uksi/1992/622/article/2/4/a)) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amounts specified (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) (in place of [S.I. 1993/755](https://www.legislation.gov.uk/uksi/1993/755), [art. 2(4)](https://www.legislation.gov.uk/uksi/1993/755/article/2/4)) [S. 257A(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1/2/3) amended (1994-95) by [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(4)(a)-(c)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/4/a) [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) amount specified (1994-95) [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 78](https://www.legislation.gov.uk/ukpga/1994/9/section/78) (in place of [S.I. 1993/2948](https://www.legislation.gov.uk/uksi/1993/2948), [art. 2(4)(d)](https://www.legislation.gov.uk/uksi/1993/2948/article/2/4/d)) [S. 257A(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1/2/3) amended (1995-96) by [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(9)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/9) [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) amended (1995-96) by [S.I. 1994/3012](https://www.legislation.gov.uk/uksi/1994/3012), [art. 2(4)](https://www.legislation.gov.uk/uksi/1994/3012/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1996-97) by [S.I. 1995/3031](https://www.legislation.gov.uk/uksi/1995/3031), [art. 2(4)](https://www.legislation.gov.uk/uksi/1995/3031/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1997-98) by [S.I. 1996/2952](https://www.legislation.gov.uk/uksi/1996/2952), [art. 2(4)](https://www.legislation.gov.uk/uksi/1996/2952/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1998-99) by [S.I. 1998/755](https://www.legislation.gov.uk/uksi/1998/755), [art. 2(4)](https://www.legislation.gov.uk/uksi/1998/755/article/2/4) [S. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) amended (1999-00) by [1998 c. 36](https://www.legislation.gov.uk/ukpga/1998/36), [s. 27(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/27/2) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(4)](https://www.legislation.gov.uk/uksi/1999/597/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(4)](https://www.legislation.gov.uk/uksi/2000/806/article/2/4) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2001-02) by [S.I. 2000/2996](https://www.legislation.gov.uk/uksi/2000/2996), [art. 2(3)](https://www.legislation.gov.uk/uksi/2000/2996/article/2/3) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2002-03) by [S.I. 2001/3773](https://www.legislation.gov.uk/uksi/2001/3773), [art. 2(3)](https://www.legislation.gov.uk/uksi/2001/3773/article/2/3) [S. 257A](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(3)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(3)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(3)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(3)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/3) [S. 257A(2)(3)(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5/5A) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(3)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/3) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(4)](https://www.legislation.gov.uk/uksi/2008/673/article/2/4) [S. 257A(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3/5) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(c)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/c)
[^c21584451]: 1989 s.33 for 1990-91*and subsequent years.*
[^c22219311]: [Ss. 257A-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257A) restricted (with effect as mentioned in s. 77(7) of the restricting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c21866261]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2/b)
[^c21866281]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/2/c)
[^c21584481]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677), [arts.2(1)(4)](https://www.legislation.gov.uk/ukcm/1990/677/article/2/1/4) (*in* Part III Vol.5)*for* 1990-91.
[^c21866311]: Words in [s. 257A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/1)
[^c22226371]: Words in [s. 257A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2/3) substituted (with effect in as mentioned in [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 14(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/14/3)
[^c22299371]: [S. 257A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/1) repealed (with effect as mentioned in s. 31(10), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/2), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22293281]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(3)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/3/a)
[^c22299141]: Word in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/a)
[^c22299161]: [S. 257A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3/b) and preceding word inserted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/b)
[^c22299391]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) repealed (with effect as mentioned in s. 31(10), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(4)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/4/c), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22732351]: Words in [s. 257A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/4) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/5/a)
[^c22299291]: Words in [s. 257A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/4) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(5)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/5/b)
[^c22299501]: Words in [s. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) repealed (with effect as mentioned in s. 31(11), Sch. 20 Pt. 3(3) Note 1 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/6), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3) (with [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5))
[^c22299311]: [S. 257A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5A) inserted (with effect as mentioned in [s. 31(11)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/11) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/7) (with [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5))
[^c22299331]: Words in [s. 257A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/6) substituted (with effect as mentioned in [s. 31(10)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/10) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/8)
[^c22299351]: [S. 257A(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/7) inserted (with effect as mentioned in [s. 31(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 31(9)](https://www.legislation.gov.uk/ukpga/1999/16/section/31/9)
[^c23398291]: [S. 257A(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/7) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23408631]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/2/a)
[^c23408651]: Words in [s. 257A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/2) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/2/b)
[^c23408671]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/3/a)
[^c23408691]: Words in [s. 257A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/3/b)
[^c23487281]: [S. 257A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/3A) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [51(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/51/4)
[^c23411971]: [S. 257A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257A/5) modified (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 192(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/192/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c21584551]: [S. 257BA](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA), [257BB](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB) substituted for s. 257B (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras.2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/2), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c21584561]: 1989 s.33(10).
[^c21584571]: 1989 s.57(4).
[^c21584581]: [S. 257B(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/257B/2/e) and ',or' preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/33/4)
[^c21584591]: [S. 257B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257B/3) applied (with modifications) for the year of assessment 1990-91 by [S.I. 1993/415](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/415/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c22219351]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22732541]: [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) applied (2000-01 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/5)
[^c21584691]: [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1991-92) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 22(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/22/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1992-93) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 10(3)(5)](https://www.legislation.gov.uk/ukpga/1992/20/section/10/3/5) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1993-94) by Finance Act [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 52](https://www.legislation.gov.uk/ukpga/1993/34/section/52) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 76](https://www.legislation.gov.uk/ukpga/1994/9/section/76) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95, 1995-96) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 77(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/10) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 78](https://www.legislation.gov.uk/ukpga/1994/9/section/78) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1995-96) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 36](https://www.legislation.gov.uk/ukpga/1995/4/section/36) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1996-97) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 74(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/74/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1997-98) by [Finance Act 1997 (c.16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 55(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/55/1) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (1999-00) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 24(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/24/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2003-04) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [ss. 28(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/28/2), [29(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/29/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2004-05) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 24(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/24/2) [S. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) excluded (2005-06) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 9](https://www.legislation.gov.uk/ukpga/2005/7/section/9) [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) excluded (2008-09) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [ss. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/2/2/b), [3(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/section/3/2/b) [S. 257C](https://www.legislation.gov.uk/ukpga/1988/1/section/257C) excluded (2009-10) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [s. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2009/10/section/3/2/b)
[^c21584701]: Words in [s. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(3)(a)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/3/a/8)
[^c21584721]: [S. 257C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2) repealed (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 107(3)(b)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/3/b/8), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III)
[^c21584731]: *See* S.I. [1990 No.677](https://www.legislation.gov.uk/ukcm/1990/677)*in* Part III Vol.5*for* 1990-91.
[^c21584741]: *Repealed by* 1990 s.132*and* Sch.19 Part IV.
[^c22732601]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) substituted (2002-03 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 30(3)(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/30/3/6)
[^c22732551]: [S. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) inserted (1999-00 and subsequent years of assessment) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 25(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/25/3/4)
[^c22732631]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) substituted (2003-04 and subsequent years of assessment in accordance with [s. 53(7)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/7) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 53(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/4)
[^c22732661]: [S. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) modified (2002-03) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 27(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/27/b)
[^c23398351]: Words in [s. 257C(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/3) repealed (6.4.2003) by [Tax Credits Act 2002 (c. 21)](https://www.legislation.gov.uk/ukpga/2002/21), [s. 61](https://www.legislation.gov.uk/ukpga/2002/21/section/61), [Sch. 6](https://www.legislation.gov.uk/ukpga/2002/21/schedule/6); [S.I. 2003/962](https://www.legislation.gov.uk/uksi/2003/962), [art. 2(3)(e)](https://www.legislation.gov.uk/uksi/2003/962/article/2/3/e), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/962/schedule/1) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/962/article/3), [5](https://www.legislation.gov.uk/uksi/2003/962/article/5))
[^c23403961]: Words in [s. 257C(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/2A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 35](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/35) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23411181]: Words in [s. 257C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/a)
[^c23411201]: Words in [s. 257C(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/1/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/b)
[^c23411221]: Words in [s. 257C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257C/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [55(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/55/c)
[^c21585391]: 1988(F) s.35*and* Sch.3 para.8*for* 1990-91*and subsequent years. Previously* “Relief for blind persons.**265.**—(1) Subject to subsection (3) below, if the claimant proves—(a) that he is a married man who for the year of assessment has his wife living with him, and that one of them was, and the other was not, a registered blind person for the whole or part of the year; or (b) that, not being such a married man, he was a registered blind person for the whole or part of the year, he shall be entitled to a deduction of £540 from his total income. (2) Subject to subsection (3) below, if the claimant proves—(a) that he is a married man who for the year of assessment has his wife living with him, and (b) that he was a registered blind person for the whole or part of the year and his wife was also a registered blind person for the whole or part of the year, he shall be entitled to a deduction of £1,080 from his total income. (3)*Unless a claimant who is entitled to relief for the year of assessment under section* 264*in respect of the services of a son or daughter relinquishes his claim to that relief, he shall not be allowed relief under this section for that year* (*Repealed by* 1988(F) ss.25(3), 148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*). (4) In this section “registered blind person” means a person registered as a blind person in a register compiled under section 29 of the National Assistance Act 1948 or, in the case of a person ordinarily resident in Scotland or in Northern Ireland, a person who is a blind person within the meaning of section 64(1) of that Act.”.*And see* Table E Vol.1*for previous years.*
[^c21585421]: 1989 s.33(10).
[^c21585431]: 1989 s.57(4)
[^c21585441]: [S. 265(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/e) and ' ,or' preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/33/4)
[^c21585461]: [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1990-91) by [The Lloyd's Underwriters (Tax) (1990-91) Regulations 1993 (S.I. 1993/415)](https://www.legislation.gov.uk/uksi/1993/415), [regs. 1](https://www.legislation.gov.uk/uksi/1993/415/regulation/1), [9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c22219201]: [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2) [S. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c21585471]: Words in [s. 265(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/6) substituted (16.7.1992 with application in relation to tax for the year 1993-94 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 20](https://www.legislation.gov.uk/ukpga/1992/48/section/20), [Sch. 5 paras. 8(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/8/4), [10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/5/paragraph/10).
[^c22734691]: [S. 265(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/a) repealed (with effect in accordance with s. 81(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/2), Note
[^c22217551]: Words in [s. 265(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/b) repealed (with effect as mentioned in s. 77(7) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 10](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/10), [Sch. 26 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/1), Note
[^c22217771]: [S. 265(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/d) repealed (with effect as mentioned in Sch. 10 para. 3(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 10 para. 3(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/10/paragraph/3/1), [Sch. 26 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/3), Note 1
[^c22225601]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) repealed (with effect as mentioned in s. 134(2) of the repealing Act) by Finance Act 1996, Sch. 20 para. 19, Sch. 41 Pt. 5(10), Note
[^c22749141]: Words in [s. 265(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5/a) substituted (with effect as mentioned in [s. 135(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/135/2) of the amending Act) by Finance Act 1996, Sch. 21 para. 6
[^c22749231]: [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (1999-00) by [S.I. 1999/597](https://www.legislation.gov.uk/uksi/1999/597), [art. 2(5)](https://www.legislation.gov.uk/uksi/1999/597/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2000-01) by [S.I. 2000/806](https://www.legislation.gov.uk/uksi/2000/806), [art. 2(5)](https://www.legislation.gov.uk/uksi/2000/806/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2001-02) by [S.I. 2001/638](https://www.legislation.gov.uk/uksi/2001/638), [art. 2(3)](https://www.legislation.gov.uk/uksi/2001/638/article/2/3) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2002-03) by [S.I. 2002/707](https://www.legislation.gov.uk/uksi/2002/707), [art. 2(4)](https://www.legislation.gov.uk/uksi/2002/707/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2003-04) by [S.I. 2002/2930](https://www.legislation.gov.uk/uksi/2002/2930), [art. 2(4)](https://www.legislation.gov.uk/uksi/2002/2930/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2004-05) by [S.I. 2003/3215](https://www.legislation.gov.uk/uksi/2003/3215), [art. 2(4)](https://www.legislation.gov.uk/uksi/2003/3215/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2005-06) by [S.I. 2004/3161](https://www.legislation.gov.uk/uksi/2004/3161), [art. 2(4)](https://www.legislation.gov.uk/uksi/2004/3161/article/2/4) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(5)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(5)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/5) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 3](https://www.legislation.gov.uk/uksi/2008/673/article/3) [S. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 3](https://www.legislation.gov.uk/uksi/2008/3024/article/3)
[^c22749151]: Words in [s. 265(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1) substituted (with effect in accordance with [s. 56(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/3) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/1)
[^c22749171]: [S. 265(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/1A) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/56/2)
[^c22749251]: [S. 265(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/3/e) and preceding word repealed (with effect in accordance with s. 59(3)(b) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 139](https://www.legislation.gov.uk/ukpga/1999/16/section/139), [Sch. 20 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/15), Note; [S.I. 2000/2004](https://www.legislation.gov.uk/uksi/2000/2004), [art. 2](https://www.legislation.gov.uk/uksi/2000/2004/article/2)
[^c23411281]: Words in [s. 265(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/2)
[^c23411301]: Words in [s. 265(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/b) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/3/a)
[^c23411321]: Word in [s. 265(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/2/b) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/3/b)
[^c23411341]: [S. 265(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/4) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/4)
[^c23411361]: Words in [s. 265(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/5) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/5)
[^c23411381]: Words in [s. 265(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/265/6) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [56(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/56/6)
[^c21585771]: Source-1978 Sch.3 11
[^c21585791]: Source-1978 Sch.3 12; 1981 s.33
[^c21585801]: [1974 c. 52](https://www.legislation.gov.uk/ukpga/1974/52).
[^c22749801]: [S. 266(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/6/c) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/3)
[^c22749821]: [S. 266(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/6A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/4)
[^c21585781]: Words in [s. 266(2)(a)(iii)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/266/2/a/iii/6/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/2/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21585891]: Source-1975 s.7; 1976 Sch.4 19(1); 1984 s.72(5)
[^c21585901]: Source-1975 s.8; 1976 Sch.4 19(2); 1984 s.72(5)
[^c21585911]: Source-1975 s.9(1)-(4); 1976 Sch.4 19(3)
[^c21585921]: Source-1975 Sch.2 16(1), (3); 1976 s.35
[^c22749891]: Words in [s. 271(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/a), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749901]: Words in [s. 271(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/b) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/b), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749911]: Words in [s. 271(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/c) repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/1/c), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c22749921]: [S. 271(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/2/b) and preceding word repealed (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 2(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/2/2), [Sch. 26 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/22)
[^c23408131]: Words in [s. 271(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/271/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 123](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/123) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21585931]: Source-1975 Sch.1
[^c21585941]: 1988(F) s.35*and* Sch.3 para.10*for* 1990-91*and subsequent years. Previously* “Payments securing widows' and children's annuities.**273.** Subject to sections 274, 617(3) and 619(6), if the claimant is, under any Act of Parliament or under the terms or conditions of his employment, liable to the payment of any sum, or to the deduction from his salary or stipend of any sum, for the purpose of securing a deferred annuity to his widow or provision for his children after his death, he shall be entitled to a deduction from the amount of income tax with which he is chargeable equal to income tax at the basic rate on the amount of the sum paid by him or deducted from his salary or stipend.”.
[^c23408231]: [S. 273](https://www.legislation.gov.uk/ukpga/1988/1/section/273) renumbered as s. 273(1) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408171]: Words in [s. 273(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408191]: Words in [s. 273(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408211]: [S. 273(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 124(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/124/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23411601]: Words in [s. 273(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/273/1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [59](https://www.legislation.gov.uk/uksi/2005/3229/regulation/59)
[^c21585971]: Source-1970 s.21(4); 1975 Sch.2 6; 1980 s.29; 1976 Sch.4 21; 1987 Sch.15 2(5)
[^c21585981]: 1988(F) s.29—*from* 6*April* 1989.*Previously* “15 per cent.”.
[^c22219331]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22181111]: Words in [s. 257BA(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/2) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/1/a) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22181141]: Words in [s. 257BA(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/2) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/1/b) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22181171]: Words in [s. 257BA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/2/a) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22181191]: Words in [s. 257BA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/2/b) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22181211]: Words in [s. 257BA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3) substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 2(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/2/c) (with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/2/3))
[^c22300751]: Words in [s. 257BA(1)(a)(2)(a)(3)(a)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/a/2/a/3/a/6) substituted (with effect as mentioned in [s. 32(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(1)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/1/a)
[^c22300831]: Words in [s. 257BA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2) repealed (with effect as mentioned in s. 32(4), Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(1)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/1/b), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c22300811]: Words in [s. 257BA(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/9) substituted (with effect as mentioned in [s. 32(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 32(1)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/32/1/c)
[^c23408791]: Words in [s. 257BA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/a)
[^c23409311]: Words in [s. 257BA(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/b/i)
[^c23409971]: Words in [s. 257BA(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/b/ii)
[^c23409991]: Words in [s. 257BA(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(c)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/c/i)
[^c23410011]: Words in [s. 257BA(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/1/b) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(2)(c)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/2/c/ii)
[^c23410031]: Words in [s. 257BA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/a)
[^c23410051]: Words in [s. 257BA(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/b/i)
[^c23410071]: Words in [s. 257BA(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/b/ii)
[^c23410091]: Words in [s. 257BA(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(c)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/c/i)
[^c23410111]: Words in [s. 257BA(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/2/b) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(3)(c)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/3/c/ii)
[^c23410131]: Words in [s. 257BA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/a)
[^c23410151]: Words in [s. 257BA(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/b/i)
[^c23410181]: Words in [s. 257BA(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/b/ii)
[^c23410201]: Words in [s. 257BA(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(b)(iii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/b/iii)
[^c23410221]: Words in [s. 257BA(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/3/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(4)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/4/c)
[^c23410241]: Words in [s. 257BA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/4/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(5)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/5/a)
[^c23410261]: Words in [s. 257BA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/4/b) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(5)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/5/b)
[^c23410281]: Words in [s. 257BA(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/5) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/6)
[^c23410301]: Words in [s. 257BA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/6) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(7)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/7/a)
[^c23410321]: Words in [s. 257BA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/6) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(7)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/7/b)
[^c23410341]: Words in [s. 257BA(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BA/9) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [53(8)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/53/8)
[^c22219341]: [S. 257B-262](https://www.legislation.gov.uk/ukpga/1988/1/section/257B) restricted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/4/1)
[^c22181241]: [S. 257BB(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/b) and words substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/1)
[^c22181331]: [S. 257BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3/b) and words substituted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/2)
[^c22181351]: [S. 257BB(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3A) inserted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/3)
[^c22219501]: [S. 257BB(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/5) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c22181391]: [S. 257BB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/6) repealed (with effect as mentioned in s. 77(7) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/3/4), [Sch. 26 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/1), Note
[^c22732481]: Words in [s. 257BB(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/5/a) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/4)
[^c22732501]: Words in [s. 257BB(1)(b)(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/b/3/b) inserted (with effect in accordance with [s. 39(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 39(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/8)
[^c22732531]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c23410721]: Words in [s. 257BB(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(a)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/a/i)
[^c23410741]: Words in [s. 257BB(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/a) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(a)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/a/ii)
[^c23410781]: Words in [s. 257BB(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/b/i)
[^c23410801]: Words in [s. 257BB(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/b/ii)
[^c23410841]: Words in [s. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(c)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/c/i)
[^c23410861]: Words in [s. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(c)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/c/ii)
[^c23410921]: Words in [s. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(c)(iii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/c/iii)
[^c23410941]: Words in [s. 257BB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/1) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(2)(c)(iv)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/2/c/iv)
[^c23410961]: Words in [s. 257BB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/2) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/3)
[^c23410981]: Words in [s. 257BB(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3/a) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/a)
[^c23411001]: Words in [s. 257BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/b/i)
[^c23411021]: Words in [s. 257BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3/b) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/b/ii)
[^c23411061]: Words in [s. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(c)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/c/i)
[^c23411081]: Words in [s. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(c)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/c/ii)
[^c23411101]: Words in [s. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) inserted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(c)(iii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/c/iii)
[^c23411121]: Words in [s. 257BB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/3) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(4)(c)(iv)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/4/c/iv)
[^c23411141]: Words in [s. 257BB(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257BB/4) substituted (5.12.2005 with effect in accordance with reg. 1(4) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [54(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/54/5)
[^c23411561]: Words in [s. 266A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/266A/3/b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [58](https://www.legislation.gov.uk/uksi/2005/3229/regulation/58)
[^c23411581]: Words in [s. 266A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/266A/3/b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [58](https://www.legislation.gov.uk/uksi/2005/3229/regulation/58)
[^c23411921]: [S. 257AB(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4/5) amended (2006-07) by [S.I. 2005/3327](https://www.legislation.gov.uk/uksi/2005/3327), [art. 2(4)](https://www.legislation.gov.uk/uksi/2005/3327/article/2/4) [S. 257AB(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4/5) amended (2007-08) by [S.I. 2006/3241](https://www.legislation.gov.uk/uksi/2006/3241), [art. 2(4)](https://www.legislation.gov.uk/uksi/2006/3241/article/2/4) [S. 257AB(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(5)](https://www.legislation.gov.uk/uksi/2008/673/article/2/5) [S. 257AB(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/257AB/2/4) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(d)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/d)
[^c23416691]: [S. 256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) amended (2008-09) by [S.I. 2008/673](https://www.legislation.gov.uk/uksi/2008/673), [art. 2(2)](https://www.legislation.gov.uk/uksi/2008/673/article/2/2) [S. 256B](https://www.legislation.gov.uk/ukpga/1988/1/section/256B) amended (2009-10) by [S.I. 2008/3024](https://www.legislation.gov.uk/uksi/2008/3024), [art. 2(a)](https://www.legislation.gov.uk/uksi/2008/3024/article/2/a)
[^c21586021]: Source-1970 s.25; 1971 s.33(5)
[^c22217671]: [S. 276(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/276/1A) inserted (with effect as mentioned in [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 11](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/11)
[^c21586031]: Source-1970 s.26
[^c22219231]: Words in [s. 277(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/277/1) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22219241]: [S. 277(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/277/1/c) and preceding word repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22219261]: [S. 277(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/277/2) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 215(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/215/3/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21586041]: Source-1970 s.27(1), (2)
[^c21586051]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1990-91*and subsequent years.*
[^c21586061]: *See* British Nationality Act 1981 ss.37*and* 51(1)*for definition.*
[^c21586091]: *Repealed by* 1988(F) ss.31, 148*and* Sch.14 Part IV*for* 1990-91*and subsequent years.*
[^c21586101]: Source-1976 Sch.4 18(3)
[^c21586121]: Source-1970 s.27(3)-(5)
[^c22225611]: Words in [s. 278(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 21](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/21), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22753081]: Words in [s. 278(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/a) substituted (with effect in accordance with [s. 145(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 145(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/1)
[^c22753091]: [S. 278(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/9) added (with effect in accordance with [s. 145(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 145(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/145/2)
[^c22753111]: [S. 278(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2A) repealed (with effect in accordance with Sch. 20 Pt. 3(3) Note 2 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/3)
[^c23411621]: Words in [s. 278(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/278/2/e) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [60(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/60/1)
[^c21586081]: 1988(F) s.31*for* 1990-91*and subsequent years.*
[^c21586261]: 1988(F) s.35*and* Sch.3 para.11*for* 1990-91*and subsequent years. Previously* “Construction of references to married women living with their husbands.**282.**—(1) A married woman shall be treated for income tax purposes as living with her husband unless—(a) they are separated under an order of a court of competent jurisdiction, or by deed of separation, or (b) they are in fact separated in such circumstances that the separation is likely to be permanent (*See* 1988(F) s.40(3)—*application of* s.282(1)*to certain maintenance payments.*). (2) Where a married woman is living with her husband and either—(a) one of them is, and the other is not, resident in the United Kingdom for a year of assessment, or (b) both of them are resident in the United Kingdom for a year of assessment, but one of them is, and the other is not, absent from the United Kingdom throughout that year, the same consequences shall follow for income tax purposes as would have followed if, throughout that year of assessment, they had been in fact separated in such circumstances that the separation was likely to be permanent. (3) Where subsection (2) above applies and the net aggregate amount of income tax falling to be borne by the husband and the wife for the year is greater than it would have been but for that subsection, the Board shall cause such relief to be given (by the reduction of such assessments on the husband or the wife or the repayment of such tax paid, by deduction or otherwise, by the husband or the wife, as the Board may direct) as will reduce that net aggregate amount by the amount of the excess.”.
[^c21586271]: *See* 1979(C) s.155(2)—*capital gains*—*references to a married woman living with her husband to be construed in accordance with* s.282.
[^c21586281]: [S. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 288(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/3), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c23411641]: Words in [s. 282](https://www.legislation.gov.uk/ukpga/1988/1/section/282) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [62(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/62/a)
[^c23408311]: Words in [s. 282A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 125](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/125) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23411741]: [S. 282A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/4A) inserted (with effect in accordance with [s. 91(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/91/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 91(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/91/2)
[^c23411681]: Words in [s. 282A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/2)
[^c23411701]: Words in [s. 282A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/3)
[^c23411721]: Words in [s. 282A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/3/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/4)
[^c23411761]: Words in [s. 282A(4A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/4A/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/5)
[^c23411781]: Words in [s. 282A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/5) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/6)
[^c23411801]: Words in [s. 282A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/282A/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [63(7)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/63/7)
[^c23411821]: Words in [s. 282B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/282B/1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [64(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/64/2)
[^c23411841]: Words in [s. 282B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/282B/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [64(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/64/3)
[^c23411861]: Words in [s. 282B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/282B/5) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [64(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/64/4)
[^c22753501]: [S. 289](https://www.legislation.gov.uk/ukpga/1988/1/section/289) amended (as it has effect in relation to shares issued before 1st January 1994) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 68(1)(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/68/1/2)
[^c22753121]: [Ss. 289-289B](https://www.legislation.gov.uk/ukpga/1988/1/section/289) substituted for s. 289 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/2)
[^c22753511]: [S. 289(1)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/ba) inserted (with effect in accordance with [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/2/1)
[^c22753541]: [S. 289(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/aa) inserted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/1/1/b)
[^c22753591]: Word in [s. 289(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/6) inserted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/1/3)
[^c22753601]: Word in [s. 289(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/7) repealed (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/1/4), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14), Note 4
[^c22753671]: Words in [s. 289(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/7) substituted (with effect in accordance with [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/1)
[^c22753821]: Word at the end of s. 289(1)(ba) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753831]: [S. 289(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/c/d) substituted for s. 289(1)(c) (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 6(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/6/a)
[^c22753741]: Word at the end of s. 289(2)(a) inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 2(b)(i)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/2/b/i)
[^c22753781]: Word preceding s. 289(2)(c) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753761]: [S. 289(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/c) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 2(b)(ii)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/2/b/ii), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753851]: Words in [s. 289(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/3) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 6(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/6/b)
[^c22753791]: [S. 289(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/4/5) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 2(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/2/c), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c23404811]: Words in [s. 289(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/a) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23405701]: [S. 289(1)(aza)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/aza) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/b)
[^c23405721]: Words in [s. 289(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/aa) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/c)
[^c23405751]: Words in [s. 289(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/d)
[^c23405781]: [S. 289(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1/c) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(2)(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/2/e)
[^c23405811]: [S. 289(1A)-(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/1A) substituted for s. 289(1A)-(1D) (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para 1(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/3)
[^c23405831]: Words in [s. 289(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/a)
[^c23405851]: Words in [s. 289(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a/i) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/b)
[^c23405871]: Words in [s. 289(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a/ii) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(c)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/c/i)
[^c23405891]: Words in [s. 289(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a/ii) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(c)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/c/ii)
[^c23405911]: Words in [s. 289(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a/ii) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(c)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/c/iii)
[^c23405931]: Words in [s. 289(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/d)
[^c23405951]: Words in [s. 289(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(e)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/e/i)
[^c23406061]: Words in [s. 289(2)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/b/i) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(e)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/e/ii)
[^c23406101]: Words in [s. 289(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/2/b/ii) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(4)(e)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/4/e/iii)
[^c23406121]: Words in [s. 289(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/3/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/5)
[^c23406141]: [S. 289(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/3A) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/6)
[^c23406161]: [S. 289(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/8A) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/7)
[^c23406181]: [S. 289(9)-(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/289/9) substituted for s. 289(9) (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 1(8)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/1/8)
[^c21587471]: Source-1983 Sch.5 3; 1987 s.42(3)
[^c21587481]: *See* 1988(F) s.35*and* Sch.3 para.12(3)(b)*for application to husband and wife where amounts are subscribed in* 1990-91.
[^c22217801]: [S. 290(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/290/2) substituted (with effect as mentioned in s. 137(2), [Sch. 15 para. 3(2)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/3/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 3(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/3/1)
[^c23406461]: Words in [s. 290(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/290/2) substituted (with effect in accordance with [Sch. 18 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/4/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 4(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/4/1)
[^c22754191]: [Ss. 291-291B](https://www.legislation.gov.uk/ukpga/1988/1/section/291) substituted for s. 291 (with effect in accordance with [s. 137(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/5)
[^c22777181]: Words in [s. 291(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/2) repealed (with effect in accordance with s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/6/2), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22777191]: [S. 291(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/3) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 6(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/6/3)
[^c22777211]: [S. 291(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/6) inserted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/6/4)
[^c22777251]: [S. 291(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/6) substituted (with effect in accordance with [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 2(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/2/b)
[^c22777271]: [S. 291(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/1/b) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 10](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/10)
[^c22777291]: [S. 291(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/291/6) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c21587661]: [S.292](https://www.legislation.gov.uk/ukpga/1988/1/section/292)*omitted by* 1988(F) Sch.4 para.5*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587671]: Source-1983 Sch.5 10A; 1986 Sch.9 12
[^c22211401]: Words in [s. 292(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/292/1) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 6(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/6/a)
[^c22211421]: Words in [s. 292(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/292/4/a) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 6(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/6/b)
[^c22211441]: [S. 292(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/292/5) inserted (1.5.1995) by Finance Act [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 66(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/66/2)
[^c21587721]: [S.293(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4)*omitted by* 1988(F) Sch.4 para.6(2)*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587741]: *See* Insolvency (Northern Ireland) Order 1989 art.381(2)*and* Sch.9 para.59 (S.I.[1989 No.2405](https://www.legislation.gov.uk/ukcm/1989/2405)—*not reproduced*)*for change from a day to be appointed.*
[^c21587751]: Source-1983 Sch.5(4)-(7)
[^c21587761]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21587771]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21587781]: Subss.(9)-(11)*omitted by* 1988(F) Sch.4 para.6(2)*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c22245341]: [S. 293](https://www.legislation.gov.uk/ukpga/1988/1/section/293) applied (with effect in accordance with Sch. 13 para. 4(4) of the 1995 amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5B para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5B/paragraph/3/2/c) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/4/3))
[^c22205231]: [S. 293(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/1) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 4(7)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/4/7/a)
[^c22205301]: [S. 293(4)(9)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4/9) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 7(b)(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/7/b/e), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22205271]: [S. 293(8)(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/8/8A) substituted for s. 293(8) (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 4(7)(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/4/7/d)
[^c22246131]: [S. 292(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/292/8B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 66(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/66/3)
[^c22247311]: [S. 293(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/2/aa) substituted for s. 293(2)(b) (with effect as mentioned in [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/4/1)
[^c22247391]: [S. 293(3A)-(3F)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3A) inserted (with effect as mentioned in [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 4(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/4/2)
[^c22784391]: Words in [s. 293(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3C) subsituted for specified purposes (retrospectively) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 14](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/14)
[^c22247411]: Words in [s. 293(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3/b) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 9(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/9/1)
[^c22247471]: Words in [s. 293(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6/a) repealed (with effect as mentioned in Sch. 13 para. 9(6), Sch. 27 Pt. 3(14) Note 1 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 9(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/9/2), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22247431]: [S. 293(6A)-(6D)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6A) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 9(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/9/3)
[^c22247481]: [S. 293(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/7) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/9/4), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22784261]: [S. 293(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/8) excluded (with effect as mentioned in s. 74(3) of the 1998 amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5B para. 8(7)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5B/paragraph/8/7) (as inserted by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 34](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/34))
[^c22784271]: [S. 293(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4A/4B) inserted (with effect in accordance with [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/12) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 9(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/9/1)
[^c22784291]: [S. 293(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6/b) and preceding word repealed (with effect in accordance with Sch. 17 para. 12 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 10](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/10), [Sch. 40 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/5), Note 1
[^c22784311]: [S. 293(8)(8AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/8/8AA) substituted for s. 293(8) (with effect in accordance with [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/12) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 11](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/11)
[^c22784351]: [S. 293(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/1A/1B) inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 12(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/12/1)
[^c22784371]: Words in [s. 293(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/2) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 12(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/12/2), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22784411]: Words in [s. 293(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3B/b) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 4](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/4), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c23404501]: Words in [s. 293(4B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4B/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 17](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/17) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23406501]: Words in [s. 293(3C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/3C/b) substituted (with effect in accordance with [Sch. 27 para. 4(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/2) (with [Sch. 27 para. 4(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/6))
[^c23406521]: Words in [s. 293(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4A) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/2/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23406541]: Word in [s. 293(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4A) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/2/b)
[^c23406561]: Words in [s. 293(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4A) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/2/c)
[^c23406581]: Word in [s. 293(4B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/4B/b) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/3)
[^c23406601]: Words in [s. 293(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/5) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/4/a)
[^c23406621]: Words in [s. 293(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/5) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/4/b)
[^c23406641]: Words in [s. 293(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/5/a)
[^c23406661]: Words in [s. 293(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/5/b)
[^c23406681]: [S. 293(6ZA)-(6ZC)](https://www.legislation.gov.uk/ukpga/1988/1/section/293/6ZA) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/5/6)
[^c21587831]: [Ss.294-296](https://www.legislation.gov.uk/ukpga/1988/1/section/294)*omitted by* 1988(F) Sch.4 para. 70*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587841]: Source-1983 Sch.5 5A(1)-(9), 5B, 5C; 1986 Sch.9 1(2), (7)
[^c21587851]: 1988(F) s.52*in respect of valuations falling to be made on or after* 29*July* 1988.
[^c22217821]: Words in [s. 294(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/294/1) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/8)
[^c21587861]: [Ss.294-296](https://www.legislation.gov.uk/ukpga/1988/1/section/294)*omitted by* 1988(F) Sch.4 para.8*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587871]: Source-1983 Sch.5 5A(1)-(9), 5B, 5C; 1986 Sch.9 1(2), 7
[^c21587881]: [Ss.294-296](https://www.legislation.gov.uk/ukpga/1988/1/section/294)*omitted by* 1988(F) Sch.4 para.8*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587891]: Source-1983 Sch.5 5A(1)-(9), 5B, 5C; 1986 Sch.9 1(2), 7
[^c22217841]: [S. 296(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/296/6) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 9](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/9), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c21587901]: [Ss.297-298](https://www.legislation.gov.uk/ukpga/1988/1/section/297)*omitted by* 1988(F) Sch.4 para.8*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21587911]: Source-1983 Sch.5 6(1)
[^c21587921]: Source-1983 Sch.5 6(2); 1986 Sch.9 8(2)
[^c21587951]: Source-1983 Sch.5 6(4); 1986 Sch.9 8(4); 1981 s.56(3), Sch.11
[^c21587981]: Source-1983 Sch.5 6(2B), (2C); 1984 s.37(2); 1986 Sch.9 8(3)
[^c21587991]: Source-1983 Sch.5 6(3)
[^c21868831]: Words in [s. 297(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/a) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 10(b)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/10/b/i)
[^c21868871]: Words in [s. 297(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/g) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 10(b)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/10/b/ii)
[^c21868811]: [S. 297(2)(h)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/h/j) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 10(b)(iii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/10/b/iii), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22557361]: Words in [s. 297(3)(c)(i)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/3/c/i/6) substituted (with effect as mentioned in [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/5)
[^c22557561]: Words in [s. 297(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/1) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para 10](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/10), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22557391]: [S. 297(2)(fa)-(fe)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/fa) inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 1(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/1/1)
[^c22557501]: Word in [s. 297(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/g) substituted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 1(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/1/2)
[^c22557481]: [S. 297(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/3A) inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/1/3)
[^c22557751]: [S. 297(4)-(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/4) substituted for s. 297(4)(5) (with effect as mentioned in [Sch. 17 para. 13(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/13/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 13(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/13/1)
[^c22557791]: [S. 297(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/2/d) repealed (with effect as mentioned in Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 5(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/5/a), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22557801]: [S. 297(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/9) repealed (with effect as mentioned in Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 5(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/5/b), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22784421]: Words in [s. 297(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/5B) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22784431]: Words in [s. 297(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/5B) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23406701]: Words in [s. 297(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/297/6) substituted (with effect in accordance with [Sch. 27 para. 4(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 4(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/3) (with [Sch. 27 para. 4(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/6))
[^c21588011]: [Ss.297-298](https://www.legislation.gov.uk/ukpga/1988/1/section/297)*omitted by* 1988(F) Sch.4 para.8*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c21588021]: Source-1981 s.56(8)-(10); 1983 Sch.5 5(9), 6(2), (3), 6(5)-(7); 1986 Sch.9 1(2), 8(4)
[^c21588041]: Source-1983 Sch.5 6(2B), (10); 1984 s.37(2); 1985 s.44(5); 1986 Sch.9 4
[^c22205351]: [S. 298(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/4) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 11(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/11/a)
[^c22205391]: [S. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5): definition of "property development" repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 11(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/11/b), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22205371]: Words in [s. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 11(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/11/c)
[^c22205401]: [S. 298(6)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/6) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 11(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/11/d), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22557981]: Words in [s. 298(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/1) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/11)
[^c22557831]: Words in [s. 298(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 70(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/70/2) (with [s. 70(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/70/4))
[^c22557921]: [S. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5): definition of "nursing home" inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/2/1)
[^c22557941]: [S. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5): definitions of "property development" and "residential care home" inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/2/2)
[^c22557961]: [S. 298(5A)-(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5A) inserted (with effect as mentioned in [Sch. 12 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/1) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 2(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/2/3)
[^c23406721]: [S. 298(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/298/5): definition of "oil rig" repealed (with effect in accordance with Sch. 27 para. 4(5) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 4(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/4/4), [Sch. 42 Pt. 2(19)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/19), Note 1 (with Sch. 27 para. 4(6))
[^c21588151]: [S. 299](https://www.legislation.gov.uk/ukpga/1988/1/section/299) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 150(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/150/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22219061]: [S. 299](https://www.legislation.gov.uk/ukpga/1988/1/section/299) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/12)
[^c22784451]: [S. 299](https://www.legislation.gov.uk/ukpga/1988/1/section/299) (as it has effect in relation to shares issued before 1st January 1994) amended (with effect as mentioned in [Sch. 13 para. 39(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/39/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 39(1)(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/39/1/2); and s. 299 (as it applies to shares issued before 1st January 1994) further amended (with effect as mentioned in Sch. 9 paras. 7, 8(1) of the further amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/2)
[^c22267681]: Words in [s. 299(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/1) substituted (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/1/a)
[^c22267701]: Words in [s. 299(1)(a)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/1/a/b/ii) substituted (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/1/b)
[^c22267741]: Words in [s. 299(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/3) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/2/a)
[^c22267761]: Words in [s. 299(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/3) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/2/b)
[^c22267791]: Word in [s. 299(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/4) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/3/a)
[^c22267821]: Words in [s. 299(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/4) inserted (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/3/b)
[^c22267851]: [S. 299(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/5A) inserted (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/9) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/4)
[^c22267871]: [S. 299(6)-(6D)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/6) substituted for s. 299(6) (with effect as mentioned in s. 74(3), [Sch. 13 para. 12(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/5)
[^c22267891]: [S. 299(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/7) repealed (with effect as mentioned in s. 74(3), Sch. 13 para. 12(8), Sch. 27 Pt. 3(14) Note 2 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/6), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22267911]: [S. 299(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/8/a) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 12(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/12/6), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22784491]: Words in [s. 299(6D)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/6D) (as s.299 applies to shares issued after 31.12.1993) substituted (with effect as mentioned in Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/2)
[^c22784511]: Words in [s. 299(6D)](https://www.legislation.gov.uk/ukpga/1988/1/section/299/6D) (as s.299 applies to shares issued after 31.12.1993) substituted (with effect as mentioned in Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/2)
[^c21588261]: Source-1983 Sch.5 8(2); 1981 s.58(2)-(4); 1986 Sch.9 10(3)
[^c21588271]: Source-1983 Sch.5 8(3); 1983 (No.2) Sch.1 5
[^c22194741]: [S. 300(1)-(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1) substituted for s. 300(1) (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 14(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/14/a)
[^c22194761]: Words in [s. 300(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/2/c) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 14(b)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/14/b/i)
[^c22194781]: Words in [s. 300(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/2/h) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 14(b)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/14/b/ii)
[^c22301341]: [S. 300(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 13(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/13/1)
[^c22301361]: [S. 300(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1C) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 13(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/13/2)
[^c22301381]: [S. 300(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/6) inserted (with effect as mentioned in s. 74(3), [Sch. 13 para. 13(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/13/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 13(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/13/3)
[^c22784831]: Words in [s. 300(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/1)
[^c22784851]: Words in [s. 300(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/2)
[^c22784871]: [S. 300(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/3)
[^c22784891]: [S. 300(1BA)-(1BC)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1BA) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/4)
[^c22784911]: Words in [s. 300(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/1C) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/5)
[^c22784931]: Words in [s. 300(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/4/a/5) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 15(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/15/6)
[^c23406741]: [S. 300(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/2/b) substituted (with effect in accordance with [Sch. 18 para. 6(2)(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/6/2/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 6(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/6/1)
[^c21588301]: Source-1981 s.58(6)-(9); 1983 Sch.5 8(2); 1986 Sch.9 10(3); 1987 Sch.15 14(2)
[^c22205451]: [S. 301(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/1/2) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 15(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/15/a), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22205431]: [S. 301(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/6A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 15(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/15/b)
[^c22205471]: [S. 301(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/7) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 15(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/15/c), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22301401]: [S. 301(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/4A) inserted (with effect as mentioned in s. 74(3), [Sch. 13 para. 14(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/14/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 14(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/14/1)
[^c22301421]: Words in [s. 301(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/5) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 14(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/14/2)
[^c22784961]: Words in [s. 301(4A)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/301/4A/5) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 17](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/17)
[^c21588321]: Source-1983 Sch.5 9; 1983 (No.2) Sch.1 6
[^c21588361]: *See* 1988(F) s.50*and* Sch.4 para.9(3)*for changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing.*
[^c21588371]: *Definition of* “trade” *omitted by* 1988(F) Sch.4 para.9(4)*where* s.50 (*changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing*)*applies.*
[^c22194701]: [S. 302(01)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/01) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/a)
[^c21588341]: *See* 1988(F) s.50*and* Sch.4 para.9(1), (2)*for changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing.*
[^c22194621]: Words in [s. 302(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/3) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/b)
[^c22194641]: [S. 302(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/4A/4B) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/c)
[^c22194661]: [S. 302(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/5): definition of "subsidiary" substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(d)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/d/i)
[^c22194681]: Words in [s. 302(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/302/5) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 16(d)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/16/d/ii)
[^c21588411]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21588421]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032)
[^c21871481]: [S. 303(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/6A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 17(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/17/c)
[^c21871521]: [S. 303(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/8) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 17(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/17/d), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c21871501]: [S. 303(9A)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A/9B) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 17(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/17/e)
[^c21871531]: [S. 303(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/10/11) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 17(f)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/17/f), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22301441]: [S. 303(1)(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1/1A)(2) substituted for s. 303(1)-(2) (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 15(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/15/1)
[^c22301481]: [S. 303(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A) substituted) (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 15(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/15/3)
[^c22785491]: [S. 303(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1AA) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/2/2/a)
[^c22785521]: [S. 303(1B)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1B/c) and preceding word inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/2/2/b)
[^c22301541]: Words in [s. 303(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/2) substituted (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/5/3)
[^c22301561]: [S. 300(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/300/2A) inserted (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 64](https://www.legislation.gov.uk/ukpga/2000/17/section/64), [Sch. 17 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/5/4)
[^c22785541]: Words in [s. 303(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/1)
[^c22785561]: Words in [s. 303(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1AA) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/2)
[^c22785581]: Words in [s. 303(1B)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1B/c) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(3)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/3/a)
[^c22785601]: Words in [s. 303(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1B) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(3)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/3/b)
[^c22785621]: Word in [s. 303(1C)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/1C/a) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/4)
[^c22785641]: [S. 303(2A)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/2A/b/c) substituted for s. 303(2A)(b) (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/5)
[^c22785681]: [S. 303(3)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/3) repealed (with effect in accordance with Sch. 15 para. 40(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/6), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 2
[^c22785661]: Words in [s. 303(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A) inserted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 19(7)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/19/7)
[^c22785751]: Words in [s. 303(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A) repealed (with effect in accordance with Sch. 15 para. 40(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 2
[^c23406761]: Words in [s. 303(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/303/9A) substituted (with effect in accordance with [Sch. 18 para. 7(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/7/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 7(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/7/1)
[^c22218981]: [S. 304](https://www.legislation.gov.uk/ukpga/1988/1/section/304) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 18](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/18)
[^c22785821]: [S. 304(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/304/4) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 16(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/16/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 16(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/16/1); and see also the s. 304(7) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 40(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/40/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 paras. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/37), [40(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/40/1)
[^c23411941]: Words in [s. 304(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/304/1) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [65(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/65/b); and that same substitution of words is made in s. 304(5) (as s. 304 applies to shares issued on or before 31.12.1993) (5.12.2005) by reg. 65(a) of that amending S.I.
[^c22219001]: [S. 305](https://www.legislation.gov.uk/ukpga/1988/1/section/305) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 19](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/19)
[^c22785841]: [S. 305(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/305/5/6) inserted (with effect in accordance with ss. 66(1), 68(1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 66(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/66/4), [68(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/68/3)
[^c21588581]: Source-1983 Sch.5 13(1)-(9); 1981 s.61(6)
[^c21588601]: *See* 1988(F) s.50*and* Sch.4 para.10*for changes applicable in respect of shares issued on or after* 29*July* 1988*and before the end of* 1993*in respect of private rented housing.*
[^c21588621]: 1989 s.170(3)*in relation to things done or omitted on or after* 27*July* 1989.*Previously* “£250 or, in the case of fraud, £500.”.
[^c21588631]: Source-1983 Sch.5 13(10); 1986 Sch.9 1(2), 13
[^c22786741]: [S. 306(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1/b) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2)
[^c22219511]: [S. 306(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1/b) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c21871621]: [S. 306(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/3A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 21(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/21/b)
[^c21871641]: Words in [s. 306(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/8) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 21(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/21/c)
[^c21871691]: Words in [s. 306(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/10) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 21(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/21/d), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c21871671]: [S. 306(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/11) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 21(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/21/e)
[^c22786751]: [S. 306(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1/b) substituted (with effect in as mentioned in [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 7](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/7)
[^c22300841]: Words in [s. 306(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/2) substituted (with effect in as mentioned in [s. 134(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/22)
[^c22300951]: [S. 306](https://www.legislation.gov.uk/ukpga/1988/1/section/306) applied (with effect as mentioned in s. 74(3) of the 1998 amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5B para. 6](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5B/paragraph/6) (as substituted by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 33](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/33))
[^c22300861]: Words in [s. 306(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/1)
[^c22300881]: Words in [s. 306(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/2) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/2)
[^c22300901]: [S. 306(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/3) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/3)
[^c22300941]: Words in [s. 306(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/3A) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/4), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22300921]: [S. 306(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/4/5) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 19(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/19/5)
[^c22786761]: [S. 306(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/1/a) substituted (with effect in accordance with [Sch. 15 para. 22(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/22/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 22(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/22/1)
[^c23404061]: Words in [s. 306(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/306/7) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 37](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/37) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21588711]: Source-1983 Sch.5 14(1), (1A); 1987 s.42(5)
[^c21588731]: 1989 s.149(4)(b)*but does not affect the making of assessments for years before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “fraud and wilful default) and section 37 of that Act (neglect.”.
[^c21588741]: Source-1981 s.62(6)(d); 1983 Sch.5 14(2)
[^c21588751]: Source-1981 s.62(6)(a)-(c); 1983 Sch.5 14(2); 1983 Sch.1 8; 1986 Sch.9 14
[^c21588761]: [S. 307(6)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/ca) inserted (27.7.1993 with application in relation to any case in which the claim for relief is made on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 111(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/111/3/4)
[^c21588771]: Source-1981 s.62(7)
[^c21588781]: Source-1983 Sch.5 5A(10); 1986 Sch.9 7
[^c22181841]: Words in [s. 307(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/a), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22181741]: [S. 307(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1A/1B/2) substituted for s. 307(2) (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/b)
[^c22181761]: Words in [s. 307(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/a) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(c)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/c/i)
[^c22181781]: [S. 307(6)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/aa) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(c)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/c/ii)
[^c22181801]: [S. 307(6)(cca)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/cca) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(c)(iii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/c/iii)
[^c22181821]: [S. 307(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/8A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/d)
[^c22184531]: [S. 307(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/9) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 22(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/22/e), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22300961]: Words in [s. 307(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6) substituted (with effect as mentioned in [Sch. 18 para. 17(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/17/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/5)
[^c22301001]: Words in [s. 307(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1A) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 20(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/20/1/b)
[^c22301021]: [S. 307(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1C) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 20(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/20/2)
[^c22301101]: Words in [s. 307(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/4) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 20(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/20/3)
[^c22786781]: Words in [s. 307(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/a) inserted (with effect as mentioned in [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/2)
[^c22301121]: Words in [s. 307(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/b) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 20(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/20/4)
[^c22301181]: Words in [s. 307(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1A) substituted (with effect as mentioned in [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 7(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/7/a)
[^c22301201]: Words in [s. 307(6)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/aa) substituted (with effect as mentioned in [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 7(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/7/b)
[^c23404081]: Words in [s. 307(6)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/6/a/i) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 38](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/38) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408371]: Words in [s. 307(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/307/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 127](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/127) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21588791]: Source-1983 Sch.5 17(1)-(10); 1986 Sch.9 18; 1987 Sch.15 15(2)
[^c22219021]: [S. 308(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/5A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 23(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/23/a)
[^c22219041]: [S. 308(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/6) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 23(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/23/b), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22301221]: [S. 308(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/1/b) and preceding word repealed (with effect as mentioned in Sch. 8 para. 1 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 8 para. 6(a)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/8/paragraph/6/a), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6), Note
[^c23406881]: Words in [s. 308(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/1) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23406901]: [S. 308(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/2/a) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/b/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407041]: [S. 308(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/2/ca) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/b/ii)
[^c23407061]: Words in [s. 308(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/2/e) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(b)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/b/iii)
[^c23407081]: Words in [s. 308(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/c)
[^c23406941]: Words in [s. 308(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3/a) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(d)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/d/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407101]: Words in [s. 308(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(d)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/d/ii)
[^c23406981]: [S. 308(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3/b) and preceding word repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/e), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407121]: [S. 308(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/3A) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(f)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/f)
[^c23407141]: Words in [s. 308(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/4) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(g)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/g/i)
[^c23406991]: Words in [s. 308(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/4) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(g)(ii)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/g/ii/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407161]: Words in [s. 308(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/4) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(g)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/g/iv)
[^c23407181]: Words in [s. 308(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/4) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(g)(v)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/g/v)
[^c23407021]: [S. 308(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/5) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(h)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/h), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23407201]: [S. 308(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/308/5B) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 9(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/9/i)
[^c21588931]: Source-1983 Sch.5 15(1), (2)
[^c21588951]: Source-1983 Sch.5 15A(1); 1986 Sch.9 15
[^c21588961]: Source-1983 Sch.5 15(3), 15A(2); 1986 Sch.9 15
[^c21588971]: Source-1983 Sch.5 15(4), (5), 18(4); 1986 Sch.9 19(2)
[^c21588981]: Source-1981 s.63(7)-(9); 1983 Sch.5 15(6)
[^c22787451]: [S. 310(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/10/11) repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 25(e)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/25/e), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22787461]: Words in [s. 310(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/1) substituted (with effect in accordance with s. 74(3), [Sch. 13 para. 22(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/1)
[^c22787481]: Words in [s. 310(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2) substituted (with effect in accordance with s. 74(3), [Sch. 13 para. 22(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/2/a)
[^c22787541]: Words in [s. 310(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2) repealed (with effect in accordance with s. 74(3), Sch. 13 para. 22(5), Sch. 27 Pt. 14 Note 1 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/2/b), [Sch. 27 Pt. 14](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/14)
[^c22787561]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) inserted (with effect in accordance with [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/3)
[^c22787581]: [S. 310(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6) substituted (with effect in accordance with [s. 71(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 71(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/71/4)
[^c22787501]: Words in [s. 310(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/7) substituted (with effect in accordance with s. 74(3), [Sch. 13 para. 22(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/3)
[^c22787521]: [S. 310(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/9A) inserted (with effect in accordance with s. 74(3), [Sch. 13 para. 22(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 22(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/22/4)
[^c22787601]: Words in [s. 310(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/1) inserted (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/1)
[^c22787701]: Words in [s. 310(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 8](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/8)
[^c22787621]: Words in [s. 310(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2) inserted (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/2)
[^c22787641]: [S. 310(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/2A) inserted (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/3)
[^c22787661]: Word in [s. 310(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/4) inserted (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/4)
[^c22787681]: [S. 310(4)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/4/b/c) and words substituted for words in s. 310(4) (with effect in accordance with [Sch. 15 para. 23(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 23(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/23/4)
[^c23488331]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 25(c)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/25/c)
[^c23407251]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) substituted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/a/i)
[^c23407271]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) substituted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/a/ii)
[^c23407291]: Words in [s. 310(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/5) substituted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(a)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/a/iii)
[^c23407311]: Words in [s. 310(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6/a) inserted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/b/i)
[^c23407331]: [S. 310(6)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6/aa) inserted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/b/ii)
[^c23407371]: Words in [s. 310(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6/c) inserted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(b)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/b/iii)
[^c23407351]: [S. 310(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/310/6A) inserted (with effect in accordance with [Sch. 18 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 10(1)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/10/1/c)
[^c21589011]: Source-1983 Sch.5 19(1)
[^c21589021]: Source-1983 Sch.5 19A; 1986 Sch.9 20
[^c21589031]: 1988(F) s.53*in respect of funds closing after* 15*March* 1988.
[^c22219271]: Words in [s. 311(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/311/2) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 26(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/26/a)
[^c22219291]: Words in [s. 311(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/311/2B) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 26(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/26/b)
[^c22787781]: Words in [s. 311(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/311/4) substituted (with effect in accordance with [s. 134(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/23)
[^c21589141]: Source-1981 s.67; 1983 Sch.5 20(1), (2); 1985 s.44(6); 1986 Sch.9 21(1), (2)
[^c21589151]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21589201]: Source-1981 s.67(2)-(4); 1983 Sch.5 20(1)
[^c21589211]: Words in [s. 312(3)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/3/5/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(18)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/18) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22184741]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in definition of "control" substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(i)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/i)
[^c22184791]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions of "eligible for relief" and "eligible shares" inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(ii)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/ii)
[^c22194591]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions of "fixed-rate preference share capital" and "the relevant period" repealed (with effect as mentioned in s. 137(1)(2), Sch. 26 Pt. 5(17) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(iii)(iv)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/iii/iv), [Sch. 26 Pt. 5(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/17)
[^c22194441]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions of "relief", "subsidiary" and "51 per cent. subsidiary" substituted for "the relief" and "relief" (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(v)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/v)
[^c22194461]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "unquoted company" substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(a)(vi)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/a/vi)
[^c22194481]: [S. 312(1A)-(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1A) inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/b)
[^c22194521]: [S. 312(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/4/5) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 27(d)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/27/d)
[^c22299681]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "new consideration" repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/1/a), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22299571]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions of "relief", "research and development" and "the seven year period" substituted for definitions of "research and development" and "relief" (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/1/b)
[^c22299701]: Words in [s. 312(1B)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1B/c) repealed (with effect as mentioned in s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/3), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22299591]: Words in [s. 312(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/2) substituted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/4)
[^c22299631]: [S. 312(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/4A/4B) inserted (with effect as mentioned in [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 23(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/23/5)
[^c22300451]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "arrangements" inserted (with effect as mentioned in [Sch. 17 para. 14(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/14/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 14(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/14/1/a)
[^c22300471]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in definition of "control" inserted (with effect as mentioned in [Sch. 17 para. 14(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/14/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 14(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/14/1/b)
[^c22299711]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "the designated period" inserted (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/6/2)
[^c22788461]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "research and development" substituted (with effect as mentioned in [Sch. 17 para. 15(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/15/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 15(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/15/1) (with [Sch. 15 para. 15(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/15/3))
[^c22300531]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "the seven year period" repealed (with effect as mentioned in Sch. 17 para. 8 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/5), Note 4
[^c22299731]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "termination date" substituted for word (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 6(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/6/3)
[^c22299751]: [S. 312(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1A) substituted (with effect as mentioned in [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/6/4)
[^c22300431]: [S. 312(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/2A) inserted (with effect as mentioned in [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/12) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/9/4)
[^c22300511]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c22300521]: [S.I. 1989/2405 (N.I. 19)](https://www.legislation.gov.uk/nisi/1989/2405).
[^c22788551]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definitions repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22788531]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "the period of restriction" inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 24](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/24)
[^c22788491]: Words in [s. 312(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1E) inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 13(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/13/a)
[^c22788511]: Words in [s. 312(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1E) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 13(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/13/b)
[^c22788671]: [S. 312(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/7/8) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22788681]: Words in [s. 312(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/3) substituted (with effect in accordance with Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/3)
[^c23404521]: [S. 312(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/2A/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 18](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/18) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23407391]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "bonus shares" inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/a)
[^c23407411]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in definition of "control" inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/b)
[^c23407451]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): definition of "qualifying 90% subsidiary" inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/c)
[^c23407471]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in para. (a) of definition of "termination date" substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(d)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/d/i)
[^c23407491]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in para. (a) of definition of "termination date" substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(d)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/d/ii)
[^c23407511]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in para. (b) of definition of "termination date" substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(d)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/d/iii)
[^c23407531]: [S. 312(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1): words in definition of "termination date" substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(2)(d)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/2/d/iv)
[^c23407551]: [S. 312(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/1ZA) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 11(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/11/3)
[^c23407571]: [S. 312(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/312/2A) applied by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 5 para. 11(10)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/5/paragraph/11/10) (as inserted (with effect in accordance with s. 96(6) of the 2004 amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 96(4)(f)](https://www.legislation.gov.uk/ukpga/2004/12/section/96/4/f))
[^c22219111]: Words in [s. 299A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/299A/1) substituted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 13(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/13/a)
[^c22219131]: [S. 299A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/299A/3) Inserted (with effect as mentioned in [s. 137(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/137/1/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 13(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/13/b)
[^c22754231]: [Pt. 7 Ch. 3](https://www.legislation.gov.uk/ukpga/1988/1/part/7/chapter/3) applied (with effect in accordance with Sch. 13 para. 4(4) of the 1995 amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5B para. 6(4)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5B/paragraph/6/4) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/4/3))
[^c22753871]: Words in [s. 289A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/4) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/2)
[^c22753891]: [S. 289A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8A) inserted (with effect in accordance with [Sch. 17 para. 12](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/12) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/9/3)
[^c22753911]: Word after s. 289A(7)(a) inserted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 3(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/3/a)
[^c22753951]: Word preceding s. 289A(7)(c) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753931]: [S. 289A(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/c) repealed (with effect in accordance with Sch. 15 para. 40(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 3(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/3/b), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 6
[^c22753961]: [S. 289A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/9) repealed (with effect in accordance with Sch. 15 para. 9(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 9(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/9/1), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 1
[^c23398011]: [S. 289A(5)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/5/ca) inserted (with effect in accordance with [s. 57(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/4/b) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 17 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/17/paragraph/2); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23404481]: Words in [s. 289A(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8A/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 16](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/16) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23406201]: Words in [s. 289A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/6) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/2)
[^c23406221]: Words in [s. 289A(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/3/a/i)
[^c23406241]: Words in [s. 289A(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/3/a/ii)
[^c23406261]: Words in [s. 289A(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/3/b/i)
[^c23406281]: Words in [s. 289A(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/7/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/3/b/ii)
[^c23406301]: [S. 289A(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/a) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/a)
[^c23406321]: Words in [s. 289A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/b) repealed (with effect in accordance with Sch. 18 para. 21 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/b/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 6
[^c23406341]: Words in [s. 289A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/b/ii)
[^c23406361]: Words in [s. 289A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(b)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/b/iii)
[^c23406381]: Words in [s. 289A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8/b) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(b)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/b/iv)
[^c23406401]: Words in [s. 289A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(4)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/4/c)
[^c23406421]: Words in [s. 289A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8A) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/5/a)
[^c23406441]: Word in [s. 289A(8A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289A/8A/b) inserted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 2(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/2/5/b)
[^c22753971]: Words in [s. 289B(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/3/b) substituted (with effect in accordance with [Sch. 13 para. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/1)
[^c22753991]: [S. 289B(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/3A) inserted (with effect in accordance with [Sch. 13 para. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/2)
[^c22754011]: [S. 289B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/4) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/3)
[^c22754031]: Words in [s. 289B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/5) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/3/4)
[^c23488201]: Words in [s. 289B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/289B/4) substituted (with effect in accordance with [Sch. 18 para. 21](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/21) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/3)
[^c22784061]: [S. 291A(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/5/b/ii) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/7/2/a)
[^c22784081]: Words in [s. 291A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/5) repealed (with effect in accordance with s. 74(3), Sch. 27 Pt. 3(14) Note 4 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/7/2/b), [Sch. 27 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/14)
[^c22784161]: Word in [s. 291A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/5/c) substituted (with effect in accordance with [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/3/3/a)
[^c22784121]: [S. 291A(5)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/5/c/ii) and preceding word inserted (with effect in accordance with [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 17 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/17/paragraph/3/3/b)
[^c22784201]: Words in [s. 291A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/1/a) substituted (with effect in accordance with [Sch. 15 para. 40(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 11](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/11)
[^c23408331]: Words in [s. 291A(3)(f)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/3/f/i) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 126(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/126/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408351]: Words in [s. 291A(3)(f)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/291A/3/f/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 126(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/126/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22784221]: [S. 291B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/291B/5A) inserted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 8(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/8/1)
[^c22784241]: [S. 291B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/291B/6) substituted (with effect in accordance with [s. 74(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/74/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 8(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/8/2)
[^c22785861]: Words in [s. 305A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/305A/2) substituted (with effect in accordance with s. 74(3), [Sch. 13 para. 18(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/18/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 18(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/18/1)
[^c22784821]: [S. 299B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/299B/7) repealed (with effect in accordance with Sch. 17 para. 14(2)(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/5), Note 3
[^c22785761]: [S. 303A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/303A/2) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 21(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/21/a)
[^c22785801]: [S. 303A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/303A/8) repealed (with effect in accordance with Sch. 15 para. 40(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 21(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/21/b), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 2
[^c22785781]: Words in [s. 303A(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/303A/9/a) substituted (with effect in accordance with [Sch. 15 para. 40(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/40/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 21(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/21/c)
[^c23406781]: [S. 303A(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/303A/6/a) repealed (with effect in accordance with Sch. 18 para. 8(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 8(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/8/1), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 1
[^c21589401]: Source-1970 s.372
[^c21589411]: [1964 c. 81](https://www.legislation.gov.uk/ukpga/1964/81).
[^c21589421]: *The countries mentioned in the* British Nationality Act 1981 Sch.3 (*as amended*)*are*—*Countries whose citizens are Commonwealth citizens*Antigua and Barbuda, Australia, The Bahamas, Bangladesh, Barbados, Belize, Botswana, Brunei, Canada, Republic of Cyprus, Dominica, Fiji, The Gambia, Ghana, Grenada, Guyana, India, Jamaica, Kenya, Kiribati, Lesotho, Malawi, Malaysia, Maldives, Malta, Mauritius, Nauru, New Zealand, Nigeria, Papua New Guinea, Saint Christopher and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Seychelles, Sierra Leone, Singapore, Solomon Islands, Sri Lanka, Swaziland, Tanzania, Tonga, Trinidad and Tobago, Tuvalu, Uganda, Vanuatu, Western Samoa, Zambia, Zimbabwe.
[^c21589431]: [1981 c. 81](https://www.legislation.gov.uk/ukpga/1981/81).
[^c21589491]: Source-1970 s.367
[^c21589511]: [1952 c. 67](https://www.legislation.gov.uk/ukpga/1952/67).
[^c21589531]: *For orders see* Part III Vol.5*under* “Securities”.
[^c23398281]: [S. 323(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404161]: Words in [s. 323(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404181]: Words in [s. 323(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(4)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404201]: Words in [s. 323(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(4)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404221]: Words in [s. 323(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/4) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(4)(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/4/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404241]: Words in [s. 323(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/5) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398161]: [S. 323(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/6/b) and preceding word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(6)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/6), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23398171]: [S. 323(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/323/7) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 45(7)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/45/7), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23408071]: Words in [s. 332A](https://www.legislation.gov.uk/ukpga/1988/1/section/332A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 140](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/140), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22790971]: [1997 c. 58](https://www.legislation.gov.uk/ukpga/1997/58).
[^c23407711]: [S. 333B(1)(5)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/1/5) modified (6.4.2005) by [Child Trust Funds Act 2004 (c. 6)](https://www.legislation.gov.uk/ukpga/2004/6), [ss. 14](https://www.legislation.gov.uk/ukpga/2004/6/section/14), [27](https://www.legislation.gov.uk/ukpga/2004/6/section/27); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2](https://www.legislation.gov.uk/uksi/2004/3369/article/2)
[^c22791261]: Words in [s. 333B(1)(2)(b)(3)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/1/2/b/3/9) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/a)
[^c22791241]: [S. 333B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/9): definition of "insurance company" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 22](https://www.legislation.gov.uk/uksi/2001/3629/article/22)
[^c23408441]: Words in [s. 333B(1)(2)(b)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/1/2/b/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408481]: Words in [s. 333B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408501]: Words in [s. 333B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408521]: Words in [s. 333B(5)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/5/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408551]: Words in [s. 333B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408571]: [S. 333B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/9): definition of "plan business" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23408111]: [S. 333B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/333B/9): definition of "section 333 business" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 143(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/143/6/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21590051]: Source-1970 s.50
[^c21590081]: Source-1970 s.51
[^c21590091]: *See* 1979(C) s.18(3)—*corresponding provision for capital gains.*
[^c21590101]: [S. 336(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/3) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 208(1)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/208/1/4)
[^c23404331]: Words in [s. 336(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 48(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/48/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23404351]: [S. 336(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 48(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/48/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23407591]: Words in [s. 336(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/2) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 17 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/17/paragraph/10/2)
[^c23408591]: [S. 336(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/336/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 144](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/144) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21590871]: Source-1986 s.29(1), (2)
[^c21590921]: 1990 s.26(4)*in relation to payments made on or after* 1*October* 1990.
[^c21590941]: *Repealed by* 1990 ss.27(2)*and* 132*and* Sch.19 Part IV*in relation to accounting periods ending on or after* 1*October* 1990.
[^c21590971]: 1990 s.26(5)*in relation to payments made on or after* 1*October* 1990.
[^c21590991]: *See* 1990 s.94*re production of books etc. in respect of repayment claims in respect of payments made on or after* 1*October* 1990.
[^c21591001]: Source-1981 s.49; 1983 s.46(3); 1986 s.29(6)
[^c21591011]: 1989 s.60(2)*in respect of payments due on or after* 14*March* 1989.*Previously* “the Trustees of the National Heritage Memorial Fund and the Historic Buildings and Monuments Commission for England and, additionally, in subsections (1) to (5) above includes the Trustees of the British Museum, the Trustees of the British Museum (Natural History) and”.
[^c22736831]: [S. 337(7AA)-(7AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/7AA) inserted (with effect in accordance with [s. 64(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/64/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 64(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/64/1)
[^c22737041]: [S. 339(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/1/a) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/2)
[^c22737061]: [S. 339(2)(3)(3A)(3F)(6)(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/2/3/3A/3F/6/7/8) repealed (with effect in accordance with s. 40(11) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/3), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 2
[^c22737161]: Words in [s. 339(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3B/b) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/4)
[^c22737181]: [S. 339(3DA)-(3DD)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/3DA) inserted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/5)
[^c22737221]: [S. 339(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/4) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/6)
[^c22737201]: [S. 339(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/7AA) substituted (with effect in accordance with [s. 40(11)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/11) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(7)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/7)
[^c22737141]: Words in [s. 339(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/339/9) repealed (with effect in accordance with s. 40(11) of the repealing Act) by [Finance Act 2000 (c.17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 40(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/40/8), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 2
[^c21591081]: Source-1970 s.245(1)
[^c21591091]: Source-1970 s.245(2), (3); 1974 s.37(1)
[^c21591101]: Source-1970 s.245(4)-(6)
[^c21591111]: Source-1970 s.245(7)-(9); 1974 s.37(1)
[^c22736651]: Words in [s. 342(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/5) substituted (with effect in accordance with [Sch. 24 para. 12(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 24 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/8/1), [9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/9), [12(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736671]: Words in [s. 342(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/6) substituted (with effect in accordance with [Sch. 24 para. 12(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 24 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/8/1), [9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/9), [12(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/24/paragraph/12/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736901]: Words in [s. 342(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/2) inserted (with effect in accordance with [Sch. 4 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 6(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736921]: [S. 342(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/342/3A) inserted (with effect in accordance with [Sch. 4 para. 6(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 4 para. 6(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/4/paragraph/6/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173)
[^c22736691]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para 12(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/12/2) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22736071]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 20(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/20/8)
[^c21591341]: Source-1970 s.252(1)
[^c21591351]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (16.7.1992) by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s. 152B(10)(e)](https://www.legislation.gov.uk/ukpga/1990/1/section/152B/10/e) (as inserted (16.7.1992) by [Finance Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 67](https://www.legislation.gov.uk/ukpga/1992/48/section/67)).
[^c21591361]: Source-1970 s.252(2), (2A); 1971 Sch.8 16(5); 1986 s.56(7), Sch.13 2; 1987 (No.2) s.64(2)
[^c22736091]: [S. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/1/3), [Sch. 24 para. 15(1)(a)(7)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15/1/a/7)
[^c21591371]: Source-1970 s.252(3)-(7)
[^c21591381]: Words in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/1/a), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21591391]: Words in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch 15 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/1/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21591401]: Word in [s. 343(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3) repealed (with effect in relation to accounting periods ending after the day appointed for the purposes of s. 10 of [1988 c. 1](https://www.legislation.gov.uk/ukpga/1988/1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) and omitted (27.7.1993) by virtue of s. 120, Sch. 14 para. 8(2)
[^c21591411]: Source-1970 s.252(3A); 1986 s.42(2), (3), Sch.10 1(2)
[^c21591421]: Source-1970 s.252(4)-(7)
[^c21591431]: [S. 343(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/6) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3)(-(5), 123, Sch. 15 para. 7(2), Sch. 19 Pt. V, Note 4
[^c21591441]: Words in [s. 343(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/7) repealed (in relation to losses incurred in accounting periods ending on or after 1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/3/a), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21591451]: Words in [s. 343(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/7) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/7/3/b)(in relation to losses incurred in accounting periods ending on or after 1.4.1991)
[^c21591461]: Source-1970 s.252(8); 1986 Sch.10 1(3)
[^c21591471]: Source-1970 s.252(9), (10)
[^c21591481]: Source-1986 s.42(2), (3)
[^c22737461]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 3 paras. 4(8)(a)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/3/paragraph/4/8/a), [5](https://www.legislation.gov.uk/ukpga/1999/29/schedule/3/paragraph/5); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c22736871]: [S. 343(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/4A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58) s. 39(7)
[^c23426441]: [S. 343](https://www.legislation.gov.uk/ukpga/1988/1/section/343) applied (with modifications) (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 paras. 16](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/16), [17](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/17) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23426461]: [S. 343(3)(4A)(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/3/4A/7)(11) applied (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 para. 2(1)(3)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/2/1/3) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c22737271]: [S. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) excluded (with effect in accordance with s. 579 of the excluding Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 561(5)](https://www.legislation.gov.uk/ukpga/2001/2/section/561/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22755311]: Words in [s. 343(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/343/2) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 26](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/26) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21591491]: Source-1970 s.253; 1986 s.42, Sch.10 2
[^c23426631]: Words in [s. 344(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/344/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [66](https://www.legislation.gov.uk/uksi/2005/3229/regulation/66)
[^c23426561]: Words in [s. 337(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/1) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 145(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/145/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426571]: Words in [s. 337(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/337/2) inserted (with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 145(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/145/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23426481]: [S. 338](https://www.legislation.gov.uk/ukpga/1988/1/section/338) restricted (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 4 para. 3](https://www.legislation.gov.uk/ukpga/2004/20/schedule/4/paragraph/3); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23426581]: [S. 338A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/338A/2/a) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/2), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23488671]: [S. 338A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/338A/4) repealed (with effect in accordance with s. 38(7) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c22743431]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) applied (with modifications) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(1)(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1/2)
[^c22749791]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) applied (with effect in accordance with s. 36(8) of the affecting Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/7)
[^c22744811]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), 149
[^c22744421]: [S. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A) applied (with effect and application in accordance with s. 74 of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/4/1)
[^c22749931]: [S. 347A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/2/b) repealed (with effect in accordance with s. 41(9) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 41(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/2), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 3
[^c22749961]: [S. 347A(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/7/8) repealed (with effect in accordance with s. 41(9) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 41(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/2), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 3
[^c23510621]: [Ss. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A), [347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 36(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/36/1/3)
[^c23427811]: Words in [s. 347A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/1/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427831]: Words in [s. 347A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427851]: Words in [s. 347A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427871]: [S. 347A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427891]: [S. 347A(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/4/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427921]: Words in [s. 347A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/347A/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 146(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/146/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21591791]: Words in [s. 347B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1/a) substituted (16.7.1992 with effect for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 61](https://www.legislation.gov.uk/ukpga/1992/48/section/61).
[^c21591801]: Words in [s. 347B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1/a) substituted (1.4.1991) by [Contracts (Applicable Law) Act 1990 (c. 36, SIF 30)](https://www.legislation.gov.uk/ukpga/1990/36), [s. 5](https://www.legislation.gov.uk/ukpga/1990/36/section/5), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/1990/36/schedule/4/paragraph/6); [S.I. 1991/707](https://www.legislation.gov.uk/uksi/1991/707), [art. 2](https://www.legislation.gov.uk/uksi/1991/707/article/2)
[^c21591821]: 1988(F) s.35*and* Sch.3 para.13*for* 1990-91*and subsequent years. Previously* “of the difference between the higher (married person's) relief and the lower (single person's) relief under subsection (1) of section 257 as it applies for the year to a person not falling within subsection (2) or (3) of that section”.
[^c21591831]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21591841]: [S. 347B(8)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/8) inserted (6.4.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 62(1)](https://www.legislation.gov.uk/ukpga/1992/48/section/62/1); [S.I. 1992/2642](https://www.legislation.gov.uk/uksi/1992/2642), [art.2](https://www.legislation.gov.uk/uksi/1992/2642/article/2).
[^c22747721]: Words in [s. 347B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/2) repealed (with effect in accordance with s. 79(1), Sch. 26 Pt. 5(1) Note of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/3/a), [Sch. 26 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/1)
[^c22747741]: Words in [s. 347B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/2) substituted (with effect in accordance with [s. 79(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/3/b)
[^c22747761]: Words in [s. 347B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/3) substituted (with effect in accordance with [s. 79(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/4)
[^c22747801]: [S. 347B(5A)(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/5A/5B) inserted (with effect in accordance with [s. 79(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/6)
[^c22746201]: [S. 347B(12)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/12/b) substituted (7.10.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2), [Sch. 2 para. 15(2)](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/15/2); SI 1996/2208, art. 2(b)
[^c22746231]: [S. 347B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/13) inserted (7.10.1996) by [Jobseekers Act 1995 (c. 18)](https://www.legislation.gov.uk/ukpga/1995/18), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1995/18/section/41/2), [Sch. 2 para. 15(3)](https://www.legislation.gov.uk/ukpga/1995/18/schedule/2/paragraph/15/3); SI 1996/2208, art. 2(b)
[^c22747861]: Words in [s. 347B(5A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/5A/a) substituted (with effect in accordance with s. 27(1 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 27(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/27/1/b)
[^c22747841]: Words in [s. 347B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/5A) repealed (with effect in accordance with Sch. 27 Pt. 3(1) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/1)
[^c22749621]: [S. 347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) modified (with effect in accordance with [s. 79(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/1) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 79(3)-(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/79/3)
[^c22749501]: Words in [s. 347B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1) inserted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/1)
[^c22749521]: [S. 347B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1A) inserted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/2)
[^c22749541]: Words in [s. 347B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/2) substituted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/3)
[^c22749561]: Words in [s. 347B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/3) substituted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/36/section/36/8) of the amending Act) by [Finance Act 1999 (c. 36)](https://www.legislation.gov.uk/ukpga/1999/36), [s. 36(4)](https://www.legislation.gov.uk/ukpga/1999/36/section/36/4)
[^c22749681]: [S. 347B(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/4/5) repealed (with effect in accordance with Sch. 20 Pt. 3(6) Note of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/6)
[^c22749581]: Words in [s. 347B(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/5A) substituted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/5)
[^c22749601]: Words in [s. 347B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/8) substituted (with effect in accordance with [s. 36(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 36(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/36/6)
[^c23427461]: Words in [s. 347B(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/11) repealed (N.I.) (3.3.2003 for specified purposes) by [Child Support, Pensions and Social Security Act (Northern Ireland) 2000 (c. 4)](https://www.legislation.gov.uk/nia/2000/4), [ss. 67](https://www.legislation.gov.uk/nia/2000/4/section/67), [68(1)(2)](https://www.legislation.gov.uk/nia/2000/4/section/68/1/2), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/nia/2000/4/schedule/9/part/1); [S.R. 2003/53](https://www.legislation.gov.uk/nisr/2003/53), [art. 3](https://www.legislation.gov.uk/nisr/2003/53/article/3), [Sch.](https://www.legislation.gov.uk/nisr/2003/53/schedule)
[^c23501461]: [Ss. 347A](https://www.legislation.gov.uk/ukpga/1988/1/section/347A), [347B](https://www.legislation.gov.uk/ukpga/1988/1/section/347B) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 36(1)(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/39/section/36/1/3)
[^c23436671]: [S. 347B(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1/b) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/2/a)
[^c23436691]: [S. 347B(1)(c)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1/c/i/ii) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/2/b)
[^c23436711]: [S. 347B(1A)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/1A/a/b) substituted for words in s. 347B(1A) (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/3)
[^c23436761]: [S. 347B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/7); definition of "child" inserted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/4/b)
[^c23436731]: [S. 347B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/7); definition of "child of the family" omitted (with effect in accordance with reg. 1(5) of the repealing S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/4/a)
[^c23436811]: [S. 347B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/7); definition of "relevant child" inserted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(4)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/4/c)
[^c23436831]: Words in [s. 347B(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/9/a) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(5)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/5/a)
[^c23436851]: Words in [s. 347B(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/9/b) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(5)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/5/b)
[^c23436871]: Words in [s. 347B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/9) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(5)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/5/c)
[^c23436901]: Words in [s. 347B(12)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/12/a) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(6)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/6/a)
[^c23436561]: Words in [s. 347B(12)(b)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/12/b/i/ii) substituted (5.12.2005 with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(6)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/6/b)
[^c23436961]: Words in [s. 347B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/347B/12) substituted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [67(6)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/67/6/c)
[^c21591851]: Source-1970 s.52; 1971 Sch.6 20(c); 1973 s.17(1)
[^c21591861]: *See also*1970(M) s.90—*interest on unpaid tax.*1970(M) s.106—*avoidance of agreements for payment without deduction of tax.*1989 s.94*and* Sch.11 para.18—*deep gain securities.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1970 No.448](https://www.legislation.gov.uk/ukcm/1970/448) (in Part III Vol.5) regns. 2-11—*procedure for payment without deduction of tax of income exempt under double taxation arrangements.*
[^c21591871]: Source-1970 s.65(2)
[^c21591881]: *Words repealed by* 1988(F) Sch.14 Part IV—*in respect of payments made on or after* 6*April* 1989.
[^c22740091]: [S. 348(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/2/b) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c22741511]: Words in [s. 348(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/3) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c22741531]: Words in [s. 348(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/3) inserted (with effect in accordance with [s. 41(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 41(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/3)
[^c22741551]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c23427501]: Words in [s. 348(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 50(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/50/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427521]: [S. 348(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 50(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/50/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427941]: [S. 348(1A)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/1A/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 147(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/147/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23427961]: [S. 348(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/348/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 147(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/147/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22737841]: [S. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) excluded (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 174](https://www.legislation.gov.uk/ukpga/1994/9/section/174)
[^c21592281]: *See* S.I. [1986 No.482](https://www.legislation.gov.uk/ukcm/1986/482) (in Part III Vol.5) regn. 2(2)—*application of* s.349(1)*for the purposes of* S.I. [1986 No.482](https://www.legislation.gov.uk/ukcm/1986/482) (*Building Society Regulations*).
[^c21592291]: Source-1970 s.53(1); 1973 s.17(1); 1971 Sch.6 21
[^c21592301]: *See* S.I. [1986 No.482](https://www.legislation.gov.uk/ukcm/1986/482) (in Part III Vol.5) regn. 2(2)—*application of* s.349(1)*for the purposes of* S.I. [1986 No.482](https://www.legislation.gov.uk/ukcm/1986/482) (*Building Society Regulations*).
[^c21592311]: Source-1970 s.54(1), (2); 1971 Sch.6 22; 1982 s.26(1); 1984 ss.27(2), 35(1); 1970 s.65(2)
[^c21592321]: Words in [s. 349(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/2/a) inserted (25.7.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 1(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/1/2)
[^c21592331]: *See*—1970(M) s.106—*avoidance of agreements for payment without deduction of tax, etc.*1989 s.94*and* Sch.11 para.18—*deep gain securities.*1989 s.116—*certain interest on Eurobonds to Netherlands Antilles subsidiaries made on or after* 1*April* 1989.
[^c21592341]: *Words* “or 479(1)” *repealed by* 1990 s.132*and* Sch.19 Part.IV.
[^c21592351]: [S. 349(3)(e)-(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/e) and the word "or" inserted (26.7.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 30](https://www.legislation.gov.uk/ukpga/1990/29/section/30), [Sch. 5 para. 10(2)(4)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/10/2/4) (for payments made on or after 6th April 1991).
[^c21592361]: [S. 349(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/e) (which was inserted 26.7.1990 by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 30](https://www.legislation.gov.uk/ukpga/1990/29/section/30), [Sch. 5 para. 10(2)(4)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/10/2/4)) repealed (25.7.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 11 para. 1(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/1/3), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V)
[^c21592371]: Word in [s. 349(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3), at the end of para. (g), inserted (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.59](https://www.legislation.gov.uk/ukpga/1993/34/section/59)
[^c21592381]: [S. 349(3)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/h) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 59](https://www.legislation.gov.uk/ukpga/1993/34/section/59)
[^c21592391]: *Words repealed by* 1988(F) s.148*and* Sch.14 Part IV*for payments made on or after* 6*April* 1989.
[^c21592401]: [S. 349(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3A/3B) inserted (25.7.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 1(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/1/4).
[^c21592411]: Words in [s. 349(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3A/a) inserted (with application in relation to arrangements made after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6).
[^c21592421]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4) inserted (26.7.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 30](https://www.legislation.gov.uk/ukpga/1990/29/section/30), [Sch. 5 para. 10(3)(4)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/10/3/4) (for payments made on or after 6th April 1991).
[^c21592431]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definitions of "qualifying certificate of deposit" and "security" substituted for words in s. 349(4) (25.7.1991) by [Finance Act 1991 (c. 31)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 1(5)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/1/5)
[^c21592451]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "qualifying deposit right" inserted (with application in relation to arrangements made after 16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c22739561]: Words in [s. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 18](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/18) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22739691]: [S. 349(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/a) applied (with modifications) (29.4.1996) by [The European Investment Bank (Designated International Organisation) Order 1996 (S.I. 1996/1179)](https://www.legislation.gov.uk/uksi/1996/1179), [art. 4](https://www.legislation.gov.uk/uksi/1996/1179/article/4)
[^c22739581]: Words in [s. 349(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/a) substituted (with application in accordance with [Sch. 37 para. 8(1)-(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/8/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 3(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/3/a)
[^c22739651]: [S. 349(3)(b)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/b/3AA) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 8(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/8/8)
[^c22739601]: Words in [s. 349(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/b) substituted (with application in accordance with [Sch. 37 para. 8(7)(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/8/7/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 3(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/3/b)
[^c22739751]: [S. 349(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/e) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 29 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/29/paragraph/5/2)
[^c22739621]: [S. 349(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3AA) inserted (with application in accordance with [Sch. 37 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/b)
[^c22739631]: [S. 349(3AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3AB) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/4)
[^c22739671]: Word in [s. 349(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3A/b) substituted (with effect in accordance with [Sch. 38 para. 6(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/7) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(e)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/e)
[^c22740121]: [S. 349(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1/c) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c22740131]: [S. 349(3)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/ba) inserted (with application in accordance with [s. 78(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/78/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/78/1)
[^c22741561]: Words in [s. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) repealed (with effect in accordance with s. 111(6)(b) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c22741601]: Words in [s. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) inserted (with effect in accordance with [s. 41(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 41(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/4)
[^c22741711]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c22741621]: Words in [ss. 349(3)(c)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/c/3B) substituted (with effect in accordance with [s. 111(6)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/6/b) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/2/a)
[^c22741581]: [S. 349(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/e) repealed (with effect in accordance with s. 111(6)(b) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c22741671]: [S. 349(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3C) inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/2)
[^c22741651]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "quoted Eurobond" inserted (with effect in accordance with [s. 111(6)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/6/b) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/2/b)
[^c22741691]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "UK public revenue dividend" inserted (with application in accordance with [s. 112(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 112(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/112/3)
[^c22742251]: [S. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) excluded (with effect in accordance with s. 83(3) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 51](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/51) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22742211]: [S. 349(3)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/i) and preceding word inserted (with application in accordance with [s. 95(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/95/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 95(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/95/2)
[^c22742231]: [S. 349(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/5/6) inserted (with application in accordance with [s. 95(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/95/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23) s. 95(3)
[^c23427541]: Words in [s. 349(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 51(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/51/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427561]: [S. 349(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 51(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/51/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427581]: Words in [s. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) renumbered as s. 349(1B) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by virtue of [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 51(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/51/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427601]: Words in [s. 349(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1B) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 51(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/51/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23427751]: [S. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) modified by [The Income Tax (Manufactured Overseas Dividends) Regulations 1993 (S.I. 1993/2004)](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 5(1A)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/5/1A) (as inserted (1.11.2003) by [The Income Tax (Manufactured Overseas Dividends) (Amendment) Regulations 2003 (S.I. 2003/2582)](https://www.legislation.gov.uk/uksi/2003/2582), [reg. 6(3)](https://www.legislation.gov.uk/uksi/2003/2582/regulation/6/3))
[^c23427641]: [S. 349(3)(j)(k)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/j/k) and preceding word inserted (with effect in accordance with [s. 202(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 202(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/2)
[^c23427691]: [S. 349(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/6): definition of "central counterparty clearing service" inserted (with effect in accordance with [s. 202(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 202(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/3)
[^c23427711]: [S. 349(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/6): definitions of "recognised clearing house" and "recognised investment exchange" inserted (with effect in accordance with [s. 202(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 202(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/202/3)
[^c23427791]: [S. 349(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1) excluded (retrospective to 22.10.2004) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 65(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/65/3), [66(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/66/6)
[^c23428221]: [S. 349](https://www.legislation.gov.uk/ukpga/1988/1/section/349) applied (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 3](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/3)
[^c23428021]: [S. 349(1A)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/1A/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428031]: Words in [s. 349(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428051]: [S. 349(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/3/za) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428071]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "certificate of deposit" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428111]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): words in definitions of "qualifying certificate of deposit" and "qualifying deposit right" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(b)(i)(c)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/b/i/c/ii), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428141]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): words in definition of "qualifying certificate of deposit" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428161]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): words in definition of "qualifying deposit right" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(c)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428181]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): words in definition of "qualifying deposit right" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(c)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428091]: [S. 349(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/4): definition of "uncertificated eligible debt security units" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428201]: [S. 349(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/349/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 148(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/148/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21592661]: *See* 1970(M) s.98—*penalties for non-compliance.*
[^c21592671]: [S. 350(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/1) excluded (22.3.1992) by [S.I. 1992/569](https://www.legislation.gov.uk/uksi/1992/569), [reg. 13(2)(d)](https://www.legislation.gov.uk/uksi/1992/569/regulation/13/2/d).
[^c21592681]: Source-1970 ss.53(2), 54(3); 1971 Sch.6 21
[^c21592691]: Source-1970 s.56
[^c21592701]: *See* 1970(M) Parts IV-VI—*principal provisions as to assessment, appeals and collection.*
[^c21592711]: Source-1970 s.53(3), 54(3)
[^c21592721]: *See* 1988(F) s.130(7)(b)—*payment of outstanding tax by migrating companies.*
[^c21592731]: [S. 350(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/4) amended by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 3(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/3/1/2)
[^c21592741]: [S. 350(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/4) extended by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 3(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/3/3)
[^c21592751]: Source-1970 s.53(4), 54(3); 1972 s.104, 108(1), Sch.24 16
[^c21592761]: (*See* 1970(M) Parts IV-VI—*principal provisions as to assessment, appeals and collection.*)*and also:*—1970(M) s.31(3)*appeals under* s.349(1)*and* 350*to go to Special Commissioners.*
[^c21592771]: Source-1972 s.108(2)-(4)
[^c21592781]: *See* 1989 s.94*and* Sch.11 para.18—*deep gain securities.*
[^c22739781]: Words in [s. 350(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/8)
[^c22739801]: [S. 350(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/1A) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/8)
[^c22742591]: Words in [s. 350(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/350/1A) inserted (with application in accordance with [s. 96(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 96(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/96/2)
[^c21592931]: [S. 352](https://www.legislation.gov.uk/ukpga/1988/1/section/352) excluded (22.3.1992) by [S.I. 1992/569](https://www.legislation.gov.uk/uksi/1992/569), [reg.21](https://www.legislation.gov.uk/uksi/1992/569/regulation/21). [S. 352](https://www.legislation.gov.uk/ukpga/1988/1/section/352) modified (22.3.1992) by [S.I. 1992/569](https://www.legislation.gov.uk/uksi/1992/569), [reg.23](https://www.legislation.gov.uk/uksi/1992/569/regulation/23).
[^c21592941]: Source-1970 s.55; 1973 s.17(4), 1986 s.29(3)
[^c21592951]: *See* s.30*and* Sch.5 para.11—*words* “or 687” *replaced by* “, 480A or 687 or by virtue of regulations under section 477A(1)” *as regards a payment made on or after* 6*April* 1991.
[^c22742271]: Words in [s. 349A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/1) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/1/a/i)
[^c22742291]: Words in [s. 349A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/1) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/1/a/ii)
[^c22742311]: Words in [s. 349A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/6) renumbered as s. 349A(6)(a) (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/1/b/i)
[^c22742331]: [S. 349A(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/6/b) and preceding word inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/1/b/ii)
[^c23428241]: Words in [s. 349A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/349A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 150](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/150), (with Sch. 2)
[^c22742351]: [S. 349B(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/1/b) and preceding word repealed (with effect in accordance with s. 94(7) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(14)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/14), Note
[^c22742381]: [S. 349B(3)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/3) inserted (with effect in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/2)
[^c22742611]: Words in [s. 349B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/3) inserted (1.12.2002) by The Income and Corporation Taxes Act 1988, Section 349B(3) Order 2002 ([S.I. 2002/2931](https://www.legislation.gov.uk/uksi/2002/2931)), art. 2
[^c23427731]: Words in [s. 349B(2)(b)(7)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/2/b/7/b/ii) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23428331]: [S. 349B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/4) applied (with modifications) (6.4.2005) by [The Child Trust Funds Regulations 2004 (S.I. 2004/1450)](https://www.legislation.gov.uk/uksi/2004/1450), [regs. 1](https://www.legislation.gov.uk/uksi/2004/1450/regulation/1), [24(c)](https://www.legislation.gov.uk/uksi/2004/1450/regulation/24/c) (as amended (27.12.2005) by [The Child Trust Funds (Amendment No. 3) Regulations 2005 (S.I. 2005/3349)](https://www.legislation.gov.uk/uksi/2005/3349), [regs. 1](https://www.legislation.gov.uk/uksi/2005/3349/regulation/1), [7(b)](https://www.legislation.gov.uk/uksi/2005/3349/regulation/7/b)); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23428311]: [S. 349B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 151(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/151/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23436491]: [S. 349B(3)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/3/g/h) repealed (with effect in accordance with s. 46(4)(a)(b) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(2)(a)(b)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/2/a/b), [Sch. 11 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/12), Note (with s. 46(6)(7))
[^c23436541]: Words in [s. 349B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/4/a) inserted (with effect in accordance with [s. 22(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/22/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 22(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/22/2)
[^c23436521]: [S. 349B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/349B/4/b) repealed (with effect in accordance with ss. 19(1), 22(4) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 22(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/22/3), [Sch. 11 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/3), Note 2; [S.I. 2006/982](https://www.legislation.gov.uk/uksi/2006/982), [art. 2](https://www.legislation.gov.uk/uksi/2006/982/article/2)
[^c22742401]: Words in [s. 349C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349C/1) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/3/a/i)
[^c22742421]: Words in [s. 349C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/349C/1) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/3/a/ii)
[^c22742441]: Word in [s. 349C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/349C/2) substituted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/3/b)
[^c22742461]: [S. 349C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/349C/4) substituted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(3)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/3/c)
[^c22742481]: Words in [s. 349D(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/349D/1/a) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/4/a/i)
[^c22742501]: Words in [s. 349D(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/349D/1/b/c) inserted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/4/a/ii)
[^c22742531]: Word in [s. 349D(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/349D/1/d) substituted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(4)(a)(iii)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/4/a/iii)
[^c22742551]: [S. 349D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/349D/2) substituted (with application in accordance with [s. 94(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 94(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/94/4/b)
[^c21593111]: *See*—1988 s.117—*limited partners.*1988 s.280—*transfer of reliefs between spouses.*1988(F) Sch.6 para.3(3)—*disallowance of interest relief in respect of occupation of commercial woodlands.*
[^c22738581]: [S. 353(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A/b) and preceding word repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22738611]: [S. 353(1B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1B/b) and preceding word repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c22738691]: Words in [s. 353(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1B) substituted (with effect in accordance with [s. 42(3)-(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/42/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 42(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/42/2/a)
[^c22740451]: Words in [s. 353(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 1(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/1/2)
[^c22740421]: Words in [s. 353(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1A/1B) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 1(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/1/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740481]: [S. 353(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1G) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 1(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/1/4)
[^c22741741]: Words in [s. 353(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/353/1G) substituted (with effect in accordance with [s. 83(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 83(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/83/2)
[^c21594051]: Source-1972 Sch.9 10; 1974 Sch.1 1
[^c21594061]: Source-1972 Sch.9 11; 1974 Sch.1 1
[^c21594071]: Source-1972 Sch.9 12; 1974 Sch. 1 1
[^c21594091]: Source-1972 Sch.9 13; 1974 Sch.1 1
[^c22741821]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741841]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741861]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/c) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741881]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(d)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/d) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741901]: Words in [s. 359(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(1)(e)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/1/e) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741921]: Words in [s. 359(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/3/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/2/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741941]: Words in [s. 359(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/3/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/2/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22741961]: Words in [s. 359(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/359/3/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 27(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/27/2/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21594101]: *See* 1988(F) Sch.6 para.3(3)—*disallowance of interest relief in respect of occupation of commercial woodlands.*
[^c21594111]: Source-1974 Sch.1 9(1); 1982 s.49(2)
[^c21594121]: 1989 s.107*and* Sch.12 para.12—*in relation to interest paid on or after* 27*July* 1989. 1988 s.424(4)*continues to have effect for purposes of* s.360*in relation to interest paid before* 27*July* 1989.*Previously* “satisfying any of the conditions of section 424(4)” *in* subs.1(a)*and* “satisfy any of the conditions of section 424(4)” *in* subs.2(a).
[^c21594131]: Source-1974 Sch.1 10(1); 1980 s.28(1)(b), (c); 1982 s.49(3)
[^c21594151]: Source-1974 Sch.1 10(2); 1982 s.49(3)
[^c21594161]: 1989 s.107*and* Sch.12 para.12—*in relation to interest paid on or after* 27*July* 1989. 1988 s.424(4)*continues to have effect for purposes of* s.360*in relation to interest paid before* 27*July* 1989.*Previously* “satisfy any of the conditions of section 424(4)”.
[^c21594171]: 1989 s.47.
[^c21594181]: 1989 s.48(1).*Previously* “(4) In this section expressions to which a meaning is assigned by Part XI have that meaning, but—(a) in relation to any loan made after 5th April 1987, paragraph 39 of Schedule 9 shall have effect for determining whether the interest on the loan is eligible for relief under section 353 by virtue of this section; and (b) in relation to any loan made before 14th November 1986, section 417 shall have effect subject to the following modifications—(i) in subsection (3)(c) for the words following “deceased person” there shall be substituted the words “subject to subsection (3A) below, any other person interested therein”; and (ii) after subsection (3) there shall be added— “(3A) Subsection (3)(c) above shall not apply so as to make an individual an associate as being entitled or eligible to benefit under a trust—(a) if the trust relates exclusively to an exempt approved scheme as defined in section 592; or (b) if the trust is exclusively for the benefit of the employees, or the employees and directors, of the company or their dependants (and not wholly or mainly for the benefit of directors or their relatives), and the individual in question is not (and could not as a result of the operation of the trust become), either on his own or with his relatives, the beneficial owner of more than 5 per cent. of the ordinary share capital of the company; and in applying paragraph (b) above any charitable trusts which may arise on the failure or determination of other trusts shall be disregarded.””.
[^c22740321]: Words in [s. 360(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/360/3A) inserted (with effect in accordance with [s. 79(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/79/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 79(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/79/1)
[^c23436591]: Words in [s. 360(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/360/3A) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [68](https://www.legislation.gov.uk/uksi/2005/3229/regulation/68)
[^c21594201]: 1989 s.107*and* Sch.12 para.13(2)*in relation to accounting periods beginning after* 31*March* 1989.*For accounting periods beginning on or before* 31*March* 1989,*the following wording applies:* “in a company—(a) if he, either on his own or with one or more of his associates, or if any associate of his with or without other such associates, is the beneficial owner of, or able (directly or through the medium of other companies or by any other indirect means) to control, more than 5 per cent. of the ordinary share capital of the company, or (b) if, on an amount equal to the whole distributable income of the company falling to be apportioned under Part XI for the purpose of computing total income, more than 5 per cent. of that amount could be apportioned to him together with his associates (if any), or to any associate of his, or any such associates taken together.”.
[^c21594211]: 27*July* 1989.
[^c21594221]: 27*July* 1989.
[^c21594241]: 1989 s.107*and* Sch.12 para.13(3)*in relation to accounting periods beginning after* 31*March* 1989.
[^c23428371]: Words in [s. 360A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/360A/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 153](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/153) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23436611]: Words in [s. 360A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/360A/10) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [69](https://www.legislation.gov.uk/uksi/2005/3229/regulation/69)
[^c21594251]: Source-1974 Sch.1 10A(1); 1981 s.25(3)
[^c21594261]: Source-1974 Sch.1 10B; 1981 s.25(3), (6)
[^c21594271]: *See* 1988(F) Sch.6 para.3(3)—*disallowance of interest relief in respect of occupation of commercial woodlands.*
[^c21594281]: Source-1974 Sch.1 10C; 1983 s.24(1)
[^c21594291]: *See* 1988(F) s.35*and* Sch.3 para.15*for changes applicable in respect of payments of interest made on or after* 6*April* 1990.
[^c21594301]: Source-1974 Sch.1 10D(1)-(3); 1983 s.24(1); 1984 s.24(2), (3)
[^c21594321]: *See* 1988(F) s.35*and* Sch.3 para.15*for changes applicable in respect of payments of interest made on or after* 6*April* 1990.
[^c21594351]: Source-1974 Sch.1 10D(3A); 1983 s.24(1); 1984 s.24(4)
[^c21594361]: Source-1974 Sch.1 10D(4); 1983 s.24(1)
[^c21594371]: Source-1974 Sch.1 11(1)
[^c21594381]: *See* 1988(F) Sch.6 para.3(3)—*disallowance of interest relief in respect of occupation of commercial woodlands.*
[^c21594391]: Source-1974 Sch.1 12; 1981 s.25(2)
[^c22742031]: Words in [s. 362(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/362/2/a) substituted (retrospective to 6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 9](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/9)
[^c21594401]: Source-1974 Sch.1 13; 1981 s.25(4); 1983 s.24(2)(a)
[^c21594411]: Source-1974 Sch.1 14(1); 1981 s.25(4); 1983 s.24(2)(a)
[^c21594421]: Source-1974 Sch.1 14(2)
[^c21594431]: Source-1974 Sch.1 15; 1981 s.25(4); 1983 s.24(2)(b)
[^c21594441]: Source-1974 Sch.1 10A(2); 1981 s.25(3)
[^c21594451]: [1976 c.78](https://www.legislation.gov.uk/ukpga/1976/78).
[^c21594461]: Source-1974 Sch.1 17(1); 1975 Sch.12 19(2); 1986 s.100
[^c21594471]: Source-1974 Sch.1 18
[^c21594481]: Source-1974 Sch.1 20, 21; 1975 Sch.12 19(3), (4); 1986 s.100
[^c22739041]: Words in [s. 366(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/366/1/c) repealed (with effect in accordance with s. 42(3)-(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/2), Note
[^c21594691]: Source-1972 Sch.9 2; 1974 Sch.1 23
[^c21594701]: Source-1972 Sch.9 14; 1974 Sch.1 23
[^c21594711]: Source-1972 Sch.9 15; 1974 Sch.1 1, 23
[^c22740791]: Words in [s. 367(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/2) repealed (with effect in accordance with Sch. 4 para. 18(5), Sch. 20 Pt. 3(7) Note 4 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/2), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7)
[^c22740811]: Words in [s. 367(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/367/3/4) substituted (with effect in accordance with [Sch. 4 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 3(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/3/3)
[^c21594771]: Source-1972 Sch.10 1-6
[^c22738231]: Words in [s. 368(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/1) substituted (with effect in accordance with [s. 81(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/81/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 9 para. 9](https://www.legislation.gov.uk/ukpga/1994/9/schedule/9/paragraph/9)
[^c22740341]: Words in [s. 368(3)(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/3/4/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23428391]: Words in [s. 368(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428411]: [S. 368(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428431]: Words in [s. 368(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428451]: Words in [s. 368(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428471]: [S. 368(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/368/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 154(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/154/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21594971]: *See* S.I. [1988 No.1347](https://www.legislation.gov.uk/ukcm/1988/1347) (*in* Part III Vol.5)*in respect of housing associations.*
[^c21596041]: *See* S.I. [1983 No.368](https://www.legislation.gov.uk/ukcm/1983/368) (*in* Part III Vol.5)—*housing associations.*
[^c22743361]: [S. 380(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/1) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2)
[^c21596171]: [S. 380](https://www.legislation.gov.uk/ukpga/1988/1/section/380) amended (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 171](https://www.legislation.gov.uk/ukpga/1993/34/section/171) (3), 184(3)
[^c21596241]: *See* 1988(F) s.148*and* Sch.14 Part V*regarding repeal of* s.380(4)*from* 6*April* 1993.
[^c21596251]: *See*—1990(C) s.142—*restriction of set off of first-year allowances.*
[^c21596261]: Source—1970 s.168(8)
[^c21596271]: 1988(F) Sch.6 para.8*from* 15*March* 1988.*Previously* “section 54”.
[^c22743471]: [S. 380(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/1/2) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/1) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22743511]: [S. 380(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/1) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 20 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/8)
[^c22744341]: [S. 380(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/1) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c22743491]: [S. 380(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/380/3) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c21596351]: [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) modified for the year of assessment 1988-89 by [S.I. 1991/851](https://www.legislation.gov.uk/uksi/1991/851), [reg. 9](https://www.legislation.gov.uk/uksi/1991/851/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1991/851/schedule/2). [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) modified (for the year of assessment 1989-90 only) (28.3.1992) by [S.I. 1992/511](https://www.legislation.gov.uk/uksi/1992/511), [reg. 9](https://www.legislation.gov.uk/uksi/1992/511/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1992/511/schedule/2).
[^c21596361]: [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) applied with modification (23.3.1993) by [S.I. 1993/415](https://www.legislation.gov.uk/uksi/1993/415), [reg. 9](https://www.legislation.gov.uk/uksi/1993/415/regulation/9), [Sch.2](https://www.legislation.gov.uk/uksi/1993/415/schedule/2)
[^c21596371]: Source—1978 s.30(1)
[^c21596381]: *See* S.I. [1987 No.530](https://www.legislation.gov.uk/ukcm/1987/530) (in Part III Vol.5) regn. 15—*non-resident entertainers and sportsmen.*
[^c21596391]: Source—1978 s.30(2)
[^c21596401]: Source—1978 s.30(3)
[^c21596411]: Source—1978 s.30(4)-(6)
[^c21596421]: *See* 1990(C) s.142—*restriction of set-off of first-year allowances.*
[^c21596431]: Source—1978 s.30(10)
[^c22766431]: [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2)
[^c22744381]: [S. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c22743551]: Words in [s. 381(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/2) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/2) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22743571]: [S. 381(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/6) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22744831]: Words in [s. 381(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/1) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/10)
[^c22744851]: Words in [s. 381(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/4) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 24](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/24), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23441231]: Words in [s. 381(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/381/5/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [70](https://www.legislation.gov.uk/uksi/2005/3229/regulation/70)
[^c21596481]: Source—1970 s.168(3); 1971 s.16(2)(a); 1978 s.30(7)(a)
[^c21596491]: Source—1970 s.168(4); 1978 s.30(7)(a)
[^c21596501]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c22743741]: [S. 382(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/382/3/4) substituted (with effect in accordance with ss. 209(7), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/3) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22748231]: Words in [s. 382(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/382/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23438731]: Words in [s. 382(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/382/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 158](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/158), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21596861]: Source—1970 s.170(1)
[^c21596871]: Source—1970 s.170(2)-(4)
[^c21596881]: Source—1980 s.70(1), (5)
[^c21596891]: Source—1980 s.70(2), (5)
[^c21596901]: Source—1980 s.70(4)
[^c22743611]: Words in [s. 384(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/1) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c22743631]: Words in [s. 384(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/2/a) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c22743671]: [S. 384(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/2/b) and preceding word repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/c), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5
[^c22743681]: [S. 384(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/5) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(d)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/d), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(b) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22743701]: Words in [s. 384(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/6) substituted (with effect in accordance with ss. 211(2), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/2/a)
[^c22743721]: Words in [s. 384(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/6/a) substituted (with effect in accordance with ss. 211(2), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/2/b)
[^c22745411]: Words in [s. 384(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/1) repealed (with effect in accordance with s. 134(2) of the repealing Act) by Finance Act 1996 (c, 8), Sch. 20 para. 25(1), Sch. 41 Pt. 5(10), Note
[^c22745431]: [S. 384(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/9) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/25/2)
[^c22751011]: Words in [s. 384(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/6) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 29(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/29/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751041]: Words in [s. 384(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/10) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 29(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/29/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751061]: [S. 384(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/11) inserted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 29(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/29/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23438751]: [S. 384(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/4/a/b) and words substituted for words in s. 384 (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 159(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/159/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23438771]: Words in [s. 384(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/384/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 159(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/159/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597001]: *See* 1988(F) Sch.14 Part V—*repeal of* subs. (6)*from* 6*April* 1993.
[^c21597011]: 1988(F) Sch.6 para.6(8)*from* 15*March* 1988.*Previously* “section 54”.
[^c22743771]: [S. 385(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/1) substituted (with effect in accordance with ss. 209(7), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/4) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22743791]: [S. 385(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/2) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(e)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/e), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(c) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22743831]: [S. 385(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/3) repealed (with effect in accordance with ss. 209(7), 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/5), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 6
[^c22743811]: [S. 385(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/5) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(e)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/e), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(c) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22743851]: [S. 385(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/8) repealed (with effect in accordance with ss. 209(7), 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/5), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 6
[^c22748981]: [S. 385](https://www.legislation.gov.uk/ukpga/1988/1/section/385) modified (with effect in accordance with [s. 56(9)](https://www.legislation.gov.uk/ukpga/1998/36/section/56/9) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 56(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/56/4)
[^c23438471]: [S. 385](https://www.legislation.gov.uk/ukpga/1988/1/section/385) modified by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [Sch. 20A paras. 6-8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20A/paragraph/6) (as inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/25/paragraph/3))
[^c22748241]: Words in [s. 385(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23438811]: Words in [s. 385(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/385/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 161](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/161), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597021]: Source—1970 s.172
[^c22743871]: [S. 386(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/386/4) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(f)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/f), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(a) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22748291]: Words in [s. 386(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/386/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23438891]: Words in [s. 386(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/386/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 162](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/162), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597031]: Source—1970 s.173(1), (2)
[^c21597041]: Source—1970 s.173(3)(aa); 1970(F) Sch.4 9(6)
[^c21597051]: Source—1970 s.173(3)(a)-(c)
[^c21597061]: [Sch.7 para.36(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/4) [Copyright, Designs and Patents Act 1988 (c.48)](https://www.legislation.gov.uk/ukpga/1988/48)*from* 1*August* 1989. (*Commencement order*—S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816)—*not reproduced.*)
[^c22746401]: [S. 387(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/387/3/c) repealed (with effect in accordance with Sch. 18 Pt. 6(2) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/2)
[^c22746441]: [S. 387(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/387/3/f) and preceding word repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23438921]: Words in [s. 387(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/387/3/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 163](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/163) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597071]: Source—1970 s.174(1)
[^c21597081]: Source—1970 s.174(2)-(6)
[^c21597091]: *See* 1990(C) ss.30-31*(ships*)—*carry forward does not include postponement under* 1990(C) ss.30-31.
[^c22747701]: [S. 388](https://www.legislation.gov.uk/ukpga/1988/1/section/388) modified (1.12.1997 with effect in accordance with reg. 1 of the affecting S.I.) by [The Lloyd's Underwriters (Scottish Limited Partnerships) (Tax) Regulations 1997 (S.I. 1997/2681)](https://www.legislation.gov.uk/uksi/1997/2681), [reg. 10](https://www.legislation.gov.uk/uksi/1997/2681/regulation/10)
[^c22748391]: [S. 388](https://www.legislation.gov.uk/ukpga/1988/1/section/388) restricted (9.3.1995 with effect in accordance with reg. 1 of the affecting S.I.) by [The Lloyd's Underwriters (Tax) Regulations 1995 (S.I. 1995/351)](https://www.legislation.gov.uk/uksi/1995/351), [reg. 14(3)](https://www.legislation.gov.uk/uksi/1995/351/regulation/14/3)
[^c22748371]: Words in [s. 388(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/1) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 209(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/209/6) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22743951]: [S. 388(6)(b)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/6/b/d) (and word preceding (d)) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(d)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/d), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5(a) (with Sch. 20)
[^c22743991]: Words in [s. 388(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/7) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(d)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/d), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5(a) (with Sch. 20)
[^c22748301]: Words in [s. 388(1)(4)(5)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/1/4/5/7) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23438941]: Words in [s. 388(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/1/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 164(2)(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/164/2/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23439001]: Words in [s. 388(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/388/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 164(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/164/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597101]: Source—1970 s.174(7)-(13); 1986 Sch.13 27; 1971 Sch.8 16
[^c21597161]: *See* 1988(F) Sch.14 Part V*for repeal of* subs. (8)*from* 6*April* 1993.
[^c22744111]: [S. 389(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/3) repealed (with effect in accordance with s. 215(4)(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 216(3)(g)](https://www.legislation.gov.uk/ukpga/1994/9/section/216/3/g), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 4(d) (as s. 215(5) of that Act is modified (1.5.1995) by [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/125/1)) (with Sch. 20)
[^c22744131]: [S. 389(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/5) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(1)(e)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/1/e), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5(c) (with Sch. 20)
[^c22751091]: Words in [s. 389(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/2) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 31(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/31/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751111]: Words in [s. 389(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/2) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 31(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/31/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751131]: Words in [s. 389(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/2) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 31(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/31/c) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23439021]: [S. 389(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/389/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 165](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/165) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597171]: Source—1970 s.175; 1972 Sch.11 3; 1974 Sch.1 28
[^c23439531]: Words in [s. 390(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/390/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 166](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/166) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23439621]: [S. 391](https://www.legislation.gov.uk/ukpga/1988/1/section/391) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 167](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/167) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23438791]: Words in [s. 384A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/384A/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 160](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/160) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440311]: [S. 392](https://www.legislation.gov.uk/ukpga/1988/1/section/392) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 168](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/168) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23532101]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 44 of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/2) (with [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/6))
[^c23532111]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 64, Sch. 22 paras. 16-18 of the extending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 4(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/4/2/d)
[^c23532121]: [Pt. 10 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 226](https://www.legislation.gov.uk/ukpga/2005/5/section/226), [227](https://www.legislation.gov.uk/ukpga/2005/5/section/227), [232(3)](https://www.legislation.gov.uk/ukpga/2005/5/section/232/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22744521]: [S. 379A](https://www.legislation.gov.uk/ukpga/1988/1/section/379A) restricted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 41(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/41/8)
[^c22744481]: [S. 379A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/1) applied (with effect in accordance with s. 39(4)(5) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 19(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/19/2/3)
[^c22744501]: [S. 379A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/3) applied (with effect in accordance with s. 39(4)(5) of the modifying Act) [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 19(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/19/4)
[^c22746371]: Word in [s. 379A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/2/a) repealed (with effect in accordance with Sch. 15 para 9(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 15 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/2/1/a), [Sch. 18 Pt. 6(11)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/11), Note
[^c22746381]: Words in [s. 379A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/2) repealed (with effect in accordance with Sch. 15 para 9(1) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 15 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/15/paragraph/2/1/b), [Sch. 18 Pt. 6(11)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/11), Note
[^c22747941]: Words in [s. 379A(1)(a)(b)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/1/a/b/7) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22750991]: Words in [s. 379A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/2/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 28](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/28) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751921]: Words in [s. 379A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para 35(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/2)
[^c23428541]: Words in [s. 379A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428561]: Words in [s. 379A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428591]: Words in [s. 379A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428611]: Words in [s. 379A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428631]: Words in [s. 379A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428651]: Words in [s. 379A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/379A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 156(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/156/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428691]: Words in [s. 379B](https://www.legislation.gov.uk/ukpga/1988/1/section/379B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 157(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/157/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23428711]: Words in [s. 379B](https://www.legislation.gov.uk/ukpga/1988/1/section/379B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 157(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/157/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597211]: *See* s.434A—*limitations on loss relief for life assurance company.*
[^c22750761]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with s. 69(1) of the modifying Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 19](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/19) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22751941]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 17(2)-(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/17/2) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c22751981]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(2)](https://www.legislation.gov.uk/uksi/2002/653/article/4/2)
[^c22766441]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (with effect in accordance with Sch. 13 para. 28 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/13), [15(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/6), [16(5)(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/16/5/1/a), [19](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/19)
[^c23438671]: [S. 393](https://www.legislation.gov.uk/ukpga/1988/1/section/393) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c21597321]: *See* 1990 s.99(2)*and* (4)*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21597331]: *See* [Trustee Savings Banks Act 1985 (c.58)](https://www.legislation.gov.uk/ukpga/1985/58) s.5*and* Sch.2 para.6(4)—*carry forward of losses where transfer to successor from existing bank under the* Trustee Savings Banks Act 1985.
[^c22743321]: [S. 393(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/1) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 15](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/15)
[^c21597341]: Source—1970 s.177(1)-(3)
[^c21597351]: Words in [s. 393(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 8(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/8/a)
[^c21597361]: [S. 393(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/2) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/2/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19) Pt. v Note 4
[^c21597431]: *See* 1990 s.99(2)*and* (4)*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10).
[^c21597441]: Words in [s. 393(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/393/11) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 8(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/8/b), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V) Note 4
[^c21597551]: Source—1973 ss.30, 32(6)
[^c21597561]: Words in [s. 395(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/b) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/3/a)
[^c21597581]: Words in [s. 395(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1) and (4): repealed (27.7.1993 with effect in relation to accounting periods ending after the day appointed for the purposes of section 10 of the amended Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213),Sch. 23 Pt.III(11), note; omitted (27.7.1993) by virtue of [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/3/b)
[^c22751281]: Words in [s. 395(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 33(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/33/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751301]: Words in [s. 395(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/395/1/c) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 33(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/33/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21597451]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(1)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/1/4/5)
[^c22745491]: Word in [s. 393A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/3/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 26(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/26/a)
[^c22745511]: [S. 393A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/4/a) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 26(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/26/b)
[^c22750781]: [S. 393A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1/b) restricted (with effect in accordance with s. 69(1) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 23](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/23) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22746491]: Words in [s. 393A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2) substituted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/2)
[^c22746511]: [S. 393A(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/3)
[^c22746531]: Words in [s. 393A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/39/8) of the amending Act) by Finance (No. 2) Act 1997, s. 39(4)(a)
[^c22746551]: Words in [s. 393A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7) substituted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/4/b)
[^c22746571]: [S. 393A(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/7A) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/5)
[^c22746591]: [S. 393A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/12) inserted (with application in accordance with [s. 39(8)-(12)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 39(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/39/6)
[^c22766451]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) modified (with effect in accordance with Sch. 13 para. 28 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/13), [15(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/5), [16(4)(a)(b)(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/16/4/a/b/5/b)
[^c23438691]: [S. 393A](https://www.legislation.gov.uk/ukpga/1988/1/section/393A) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c23442481]: [S. 393A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 38(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/38/4)
[^c23442501]: [S. 393A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/1/b) restricted (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 35(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/35/2)
[^c22751151]: Words in [s. 393A(2C)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/2C/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751251]: [S. 393A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/5/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751171]: Words in [s. 393A(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/a) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751191]: Words in [s. 393A(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751211]: Words in [s. 393A(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/11/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/3/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751231]: Words in [s. 393A(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/393A/12) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 32(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/32/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c21597601]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) restricted (27.7.1993 with application as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 129(9)](https://www.legislation.gov.uk/ukpga/1993/34/section/129/9), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165)
[^c22749041]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) modified (with application in accordance with Sch. 5 para. 72(2) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 72(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/72/1)
[^c23438451]: [S. 396](https://www.legislation.gov.uk/ukpga/1988/1/section/396) modified by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 7A](https://www.legislation.gov.uk/uksi/1995/1730/regulation/7A) (as inserted (28.10.2003 with effect in accordance with reg. 1(3) of the modifying S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Amendment No. 2) Regulations 2003 (S.I. 2003/2573)](https://www.legislation.gov.uk/uksi/2003/2573), [reg. 8(1)](https://www.legislation.gov.uk/uksi/2003/2573/regulation/8/1))
[^c21597611]: *See* 1990 ss.99(3)*and* (4)*and* 132*and* Sch.19 Part V*for changes in relation to income tax falling to be set off against corporation tax for accounting periods ending after the appointed day* (*see* 1988 s.10). [S. 396(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/396/1) restricted (27.7.1993 with application as mentioned in [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 129(9)](https://www.legislation.gov.uk/ukpga/1993/34/section/129/9), [165](https://www.legislation.gov.uk/ukpga/1993/34/section/165)
[^c21597621]: Source—1970 s.179
[^c22748951]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 44 of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 6 para. 2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/2), (with Sch. 6 para. 6)
[^c22752321]: [Pt. 10 Chs. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/1), [2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) extended (with effect in accordance with s. 64, Sch. 22 paras. 16-18 of the extending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 4(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/4/2/d)
[^c23533041]: [Pt. 10 Ch. 2](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/2) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/39/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23532151]: [S. 392A](https://www.legislation.gov.uk/ukpga/1988/1/section/392A) modified (with effect in accordance with s. 70(1) of the modifying Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 17(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/17/1) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c23532761]: [S. 392A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/392A/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 12(2)(4)
[^c23532851]: Words in [s. 392A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/392A/4/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 12(3)(4)
[^c23533011]: [S. 392B](https://www.legislation.gov.uk/ukpga/1988/1/section/392B) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/5), [Sch. 17 para. 12(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2)
[^c23533021]: [S. 392B](https://www.legislation.gov.uk/ukpga/1988/1/section/392B) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(5)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/5) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c21597641]: Source—1970 s.180; 1986 s.56(7) Sch.13 2(5)
[^c22744171]: Words in [s. 397(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/1) inserted (with effect in accordance with ss. 211(2), 218 of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/3/a) (with [Sch. 20](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20))
[^c22744191]: Words in [s. 397(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/1) repealed (with effect in accordance with ss. 211(2), 218(1)(b) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 214(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/214/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 5(a) (with Sch. 20)
[^c22745531]: Words in [s. 397(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 27(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/27/a)
[^c22745551]: Words in [s. 397(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/3/a/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 27(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/27/b)
[^c22751321]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definition of "basis year" repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 34(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/1/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751341]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): words in definition of "chargeable period" repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 34(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751361]: [S. 397(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/6) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 34(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751401]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 34(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/34/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23440751]: [S. 397(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/5): definitions of "farming" and "market gardening" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440761]: Words in [s. 397(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440781]: [S. 397(8)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/8/a/b) substituted for words in s. 397(8) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440801]: Words in [s. 397(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 169(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/169/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441301]: Word at the end of s. 397(10)(a) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/a)
[^c23441251]: [S. 397(10)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10/ab) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/a)
[^c23441321]: [S. 397(10)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/397/10/c) and preceding word inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [71(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/71/2/b)
[^c21597691]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) substituted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 para. 8(4)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/4)
[^c23440861]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 170(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/170/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440881]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 170(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/170/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440901]: Words in [s. 398](https://www.legislation.gov.uk/ukpga/1988/1/section/398) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 170(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/170/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21597791]: Source—1978 s.31
[^c21597801]: Words in [s. 399(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 11](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/11)
[^c21597811]: Source—1985 s.72(2); 1987 Sch.15 11(2); 1987 (No.2) s.81(1)
[^c21597821]: Words in [s. 399(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(19)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/19/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22746451]: [S. 399(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1A) inserted (with effect in accordance with [s. 80(6)(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/6/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/4)
[^c22752101]: [S. 399(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1B) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/4/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23440921]: [S. 399(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/1/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 171(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/171/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440971]: Words in [s. 399(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 171(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/171/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23440951]: Words in [s. 399(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/399/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 171(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/171/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22743341]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 16](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/16)
[^c22744771]: [S. 400(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/1) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 12(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/12/1)
[^c22744271]: [S. 400(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/1) excluded (31.10.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 20(2)](https://www.legislation.gov.uk/ukpga/1994/21/section/20/2), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); SI 1994/2552, art. 2, Sch.
[^c21598001]: Source—1981 s.48
[^c21598011]: Words in [s. 400(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/a); repealed (27.7.1993 with effect in relation to accounting periods ending after the day appointed for the purposes of section 10 of the amended Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 14 para. 8(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/5), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (11), note; omitted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 120](https://www.legislation.gov.uk/ukpga/1993/34/section/120), [Sch. 14 paras. 8(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/14/paragraph/8/5)
[^c21598031]: Words in [s. 400(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/e) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(20)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/20/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21598041]: Words in [s. 400(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/4) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 12](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/12)
[^c22744791]: [S. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 12(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/12/2)
[^c22744251]: [S. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) modified (31.10.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [ss. 20(3)](https://www.legislation.gov.uk/ukpga/1994/21/section/20/3), [68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); SI 1994/2552, art. 2, Sch.
[^c21598071]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(20)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/20/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c22745601]: [S. 400(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/8) applied (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/7/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745621]: [S. 400(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/9A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 19](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/19) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22748451]: [S. 400(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/bb) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 36](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/36) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22748441]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22749301]: Words in [s. 400(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/a) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(a)(i)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/a/i) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22749321]: Words in [s. 400(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/7/b) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(a)(ii)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/a/ii) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22749341]: Words in [s. 400(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/8/9) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No. 2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(2)(b)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/2/b) (with [art. 5](https://www.legislation.gov.uk/uksi/1999/1820/article/5))
[^c22752001]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) excluded (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(3)](https://www.legislation.gov.uk/uksi/2002/653/article/4/3)
[^c22752021]: [S. 400](https://www.legislation.gov.uk/ukpga/1988/1/section/400) modified (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 4(4)](https://www.legislation.gov.uk/uksi/2002/653/article/4/4)
[^c22751421]: Words in [s. 400(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/c) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 35(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751441]: Words in [s. 400(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/4) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 35(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751461]: Words in [s. 400(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/6) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 35(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/35/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c23450561]: [S. 400(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/400/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para 13(4) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 13(2)(5)
[^c23450571]: [S. 499(2)(bb)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/499/2/bb/ii) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para. 13(4) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 13(3)(5)
[^c21598101]: Source—1980 s.39(1), (2), (4); 1982 s.50
[^c21598111]: Word in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (27.7.1993 with effect as mentioned in [s. 109(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/109/4) of the amending Act) by virtue of s. 109(1)(4)
[^c22744561]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (with effect in accordance with [s. 120(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/1/a)
[^c22744601]: [S. 401(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/2) repealed (with effect in accordance with s. 120(2) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 120(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/120/1/b), [Sch. 29 Pt. 8(15)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/15), Note 2
[^c22766461]: [S. 401(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1A) inserted (27.7.1993 with effect as mentioned in [s. 109(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/109/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 109(2)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/109/2/4)
[^c22745641]: [S. 401(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1A) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 20(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/20/2), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22745661]: [S. 401(1AA)-(1AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1AA) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 20(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/20/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22750821]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 69(1) of the excluding Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 paras. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/1/3), [26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26)
[^c22752351]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 53(1) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 12 para. 20(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/20/1)
[^c22752371]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with Sch. 13 para. 28(1)(2) of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 para. 15(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/15/3)
[^c22766481]: [S. 401](https://www.legislation.gov.uk/ukpga/1988/1/section/401) excluded (with effect in accordance with s. 56 of the excluding Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 15 para. 2(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/15/paragraph/2/2)
[^c22748471]: Words in [s. 401(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22766471]: [S. 401(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1B) inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 20](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/20)
[^c22748501]: [S. 401(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1B) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c23440991]: Word in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441011]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441051]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441091]: Words in [s. 401(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23441071]: Words in [s. 401(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/401/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 172(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/172/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21598131]: *See*—1988 s.434A—*limitations on group relief for life assurance company.*1989 s.102—*surrender of company tax refund etc. within group* (*from a day to be appointed not earlier than* 31*March* 1992).
[^c21598141]: Source—1970 s.258(1)
[^c22749771]: [S. 402(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3) restricted (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [5(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/5/2)
[^c21598151]: Source—1970 s.258(2); 1981 s.40(2); 1985 Sch.9 5, 6
[^c22742951]: Words in [s. 402(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/4) repealed (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(3)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/3/a/5), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 2
[^c21598161]: Source—1970 s.258(3), (4)
[^c22751841]: [S. 402(1)(2)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/1/2/5/6) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting Regulations) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22750841]: [S. 402(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3) restricted (with effect in accordance with s. 69(1) of the restricting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 22](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/22) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22750001]: [S. 402(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3A/3B) inserted (with effect in accordance with [Sch. 27 para. 6(1)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/1)
[^c23438371]: Words in [s. 402(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/3B) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23441211]: Words in [s. 402(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/402/6/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c22749271]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 8 para 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/2/2) (as substituted (with effect in accordance with s. 38(2)(3) of the1998 amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch 5 para. 64(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/64/3) (with [Sch 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73)))
[^c22749281]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) modified (with effect in accordance with s. 38(2)(3) of the modifying Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 paras. 75](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/75), [76](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/76)
[^c22751821]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) excluded (with effect in accordance with s. 579(1) of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [ss. 260(7)](https://www.legislation.gov.uk/ukpga/2001/2/section/260/7), [261](https://www.legislation.gov.uk/ukpga/2001/2/section/261) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22749191]: [Ss. 403-403ZE](https://www.legislation.gov.uk/ukpga/1988/1/section/403) substituted for s. 403 (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/29) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23438711]: [S. 403](https://www.legislation.gov.uk/ukpga/1988/1/section/403) modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [ss. 27(1)(b)](https://www.legislation.gov.uk/ukpga/2004/20/section/27/1/b), [198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^c22752121]: Words in [s. 403(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/1/b) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/a)
[^c22752141]: Words in [s. 403(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/b)
[^c22752161]: Words in [s. 403(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/403/3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/1/c)
[^c21598361]: Source—1987 (No.2) s.63
[^c21598371]: *Definition applied for purposes of*—1970 s.273A—*transfer of U.K. branch or agency.*1970 s.276(1A)—*replacement of business assets by members of a group.*1990(C) s.161(2)—*interpretation.*
[^c22745731]: [S 404(6)(a)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/6/a/ia) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 21(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/21/1/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745831]: [S. 404(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/7) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/21/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22751861]: [S. 404](https://www.legislation.gov.uk/ukpga/1988/1/section/404) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22748631]: [S. 404(2)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/2/a/aa) substituted for s. 404(2)(a) (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 37(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/37/2) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22748691]: [S. 404(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/6/c) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 37(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/37/3), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c23438651]: Word in [s. 404(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/404/2/c) substituted (28.9.2004 with effect in accordance with art. 1(2), Sch. para. 16(3) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 16(2)
[^c21598381]: Source—1985 Sch.9 2
[^c21598391]: Source—1985 Sch.9 3
[^c22747371]: Words in [s. 405(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/405/4) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/4)
[^c21598401]: Source—1985 Sch.9 5(1), 6(1)
[^c21598411]: Source—1985 Sch.9 5(2)-(4)
[^c21598421]: Source—1985 Sch.9 6(2)-(5)
[^c22742971]: Words in [s. 406(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(2)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/2/5)
[^c22747391]: Words in [s. 406(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/2/6) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/1/a)
[^c22747421]: Words in [s. 406(2)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/2/6) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/1/b)
[^c22747451]: [S. 406(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/3) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/2)
[^c22747471]: [S. 406(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/7) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/3)
[^c22747491]: Words in [s. 406(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/406/8) substituted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 5(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/5/4)
[^c21598591]: Source—1970 s.260(1)
[^c21598601]: Source—1970 s.260(1), (2)
[^c21598611]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 14(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/14/1)
[^c21598631]: Source—1970 s.260(3)(a), (d)
[^c21598641]: Words in [s. 407(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/a) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 14(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/14/2)
[^c21598651]: Source—1970 s.260(3)(b)
[^c21598671]: Word in [s. 407(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2) inserted (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/4)
[^c21598681]: [S. 407(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/c) and words inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.4](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/4)
[^c21598691]: Source—1970 s.260(4)
[^c22745851]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 22(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/22/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22745871]: [S. 407(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/c) substituted for para. (c) and words following it (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 22(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/22/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22751541]: Words in [s. 407(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/1/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 37(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/37/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751551]: Words in [s. 407(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/407/2/b) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 37(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/37/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22746161]: [S. 410(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/1/2) restricted (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 20(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/20/1) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22744691]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (19.7.1995) by [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24) s. 7(2)
[^c22744291]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/16) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22743191]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17)
[^c22744751]: [S. 410(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/1/2) restricted (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/8/1)
[^c21598761]: Source—1973 s.29, 32(6); 1981 s.40(6)
[^c21598771]: *See* Trustee Savings Bank Act 1985 s.5*and* Sch.2 para.6(8)—s.410*not to apply to transfers effected by* s.3*of the* TSB Act 1985.
[^c21598781]: Source—1981 s.47
[^c22750861]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (6.11.2000) by [Postal Services Act 2000 (c. 26)](https://www.legislation.gov.uk/ukpga/2000/26), [s. 130(1)](https://www.legislation.gov.uk/ukpga/2000/26/section/130/1), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/2000/26/schedule/4/paragraph/5); [S.I. 2000/2957](https://www.legislation.gov.uk/uksi/2000/2957), [art. 2(1)](https://www.legislation.gov.uk/uksi/2000/2957/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2000/2957/schedule/1)
[^c22752041]: [S. 410](https://www.legislation.gov.uk/ukpga/1988/1/section/410) restricted (1.4.2002) by [The Scottish Water (Transfer of Functions, etc.) (Tax Provisions) Order 2002 (S.I. 2002/653)](https://www.legislation.gov.uk/uksi/2002/653), [art. 5](https://www.legislation.gov.uk/uksi/2002/653/article/5) (with [art. 6](https://www.legislation.gov.uk/uksi/2002/653/article/6))
[^c22751881]: S.. 410(1)(4)(5)-(7) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22746471]: Words in [s. 410(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/410/5) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 68](https://www.legislation.gov.uk/ukpga/1997/16/section/68)
[^c21598791]: Source—1970 s.263(1),(2)
[^c22747561]: [S. 411(2)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/2) repealed (with effect in accordance with Sch. 7 para. 6, Sch. 8 Pt. 2(14) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/6), [Sch. 8 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/14)
[^c22751901]: [S. 411(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/1) applied (with modifications) (31.3.2001 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001 (S.I. 2001/1163)](https://www.legislation.gov.uk/uksi/2001/1163), [reg. 10](https://www.legislation.gov.uk/uksi/2001/1163/regulation/10)
[^c22751731]: Words in [s. 411(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/10) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 38(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/38/a), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751741]: Words in [s. 411(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/411/10) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 38(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/38/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22748651]: [S. 412](https://www.legislation.gov.uk/ukpga/1988/1/section/412) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 46](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/46); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21598931]: Source—1970 s.258; 1985 Sch.9 1
[^c21598941]: Source—1970 s.258(5)-(7)
[^c21598951]: Source—1970 s.258(8); 1984 s.46(2); 1985 Sch.9 1(a)
[^c22743261]: [S. 413(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/6/a) applied (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17(7)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17/7)
[^c21598961]: Source—1973 s.28(2)-(5); 1981 s.40(5)
[^c22743031]: [S. 413(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/8/9) repealed (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(3)(b)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/3/b/5), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 2
[^c22747511]: [S. 413(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2A) inserted (with effect in accordance with [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/7)
[^c22748671]: Words in [s. 413(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/6) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 38](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/38) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22750111]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "company" inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/2/1) (with [Sch. 7 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/6/1))
[^c22750131]: [S. 413(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/2): definition of "non-resident company" inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/2/1) (with [Sch. 7 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/6/1))
[^c23441631]: [S. 413(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/3) applied (with modifications) (6.4.2006) by [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [regs. 1](https://www.legislation.gov.uk/uksi/2006/575/regulation/1), [35](https://www.legislation.gov.uk/uksi/2006/575/regulation/35)
[^c22767851]: Words in [s. 413(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/5) repealed (with efffect in accordance with Sch. 27 para. 6(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/2/2), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 3
[^c22743021]: [S. 413(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/413/5/c) and preceding word repealed (with efffect in accordance with Sch. 27 para. 6(4) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/2/2), [Sch. 40 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/11), Note 3
[^c22746701]: [S. 403A](https://www.legislation.gov.uk/ukpga/1988/1/section/403A) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 179(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/179/4) (as amended (with effect in accordance with Sch. 7 para. 9 of the 1997 amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/8))
[^c22750021]: Words in [s. 403A(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/10/a) inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 3(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/3/a) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22750041]: Words in [s. 403A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/403A/10/b) inserted (with effect in accordance with [Sch. 27 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 3(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/3/b) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22746721]: [S. 403B](https://www.legislation.gov.uk/ukpga/1988/1/section/403B) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 179(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/179/4) (as amended (with effect in accordance with Sch. 7 para. 9 of the 1997 amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/1997/58/schedule/7/paragraph/8))
[^c22750071]: [S. 403C](https://www.legislation.gov.uk/ukpga/1988/1/section/403C) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(1)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/1/5)
[^c22749751]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4) modified (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [5(1)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/5/1)
[^c22751481]: Words in [s. 403ZB(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZB/1) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para 36](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/36) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751501]: [S. 403ZB(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZB/2) restricted (with effect in accordance with s. 579(1) of the restricting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 131(7)](https://www.legislation.gov.uk/ukpga/2001/2/section/131/7) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c22749241]: [1996 c.8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22752181]: [S. 403ZC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZC/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 45](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/45), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c22752221]: [S. 403ZD(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/6) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 2(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/2/2)
[^c23438571]: [S. 403ZD(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 14(2)(4)
[^c23438591]: [S. 403ZD(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZD/5) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 14(3)
[^c23438611]: Words in [s. 403ZE(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZE/1/b/ii) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 15(2)(3)
[^c23438631]: [S. 403ZE(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/403ZE/2) omitted (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 15(4)
[^c23550481]: [Pt. 10 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/10/chapter/4): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 35](https://www.legislation.gov.uk/uksi/2006/575/regulation/35) to be construed as one with this Chapter (6.4.2006) by virtue of regs. 1, 35(2) of that affecting S.I.
[^c23438381]: Words in [s. 403E(1)(a)(2)(4)(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/403E/1/a/2/4/5/6) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23550451]: [S. 411ZA](https://www.legislation.gov.uk/ukpga/1988/1/section/411ZA): power to amend conferred (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 521](https://www.legislation.gov.uk/ukpga/2009/4/section/521) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c22752391]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 9A(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/9A/4) (as inserted (with effect in accordance with s. 104(5) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 104(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/3))
[^c22752411]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 2(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/2/5) (as inserted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 22(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/22/4))
[^c23481021]: [S. 414](https://www.legislation.gov.uk/ukpga/1988/1/section/414) applied (with modifications) (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 453](https://www.legislation.gov.uk/ukpga/2005/5/section/453), [456(7)](https://www.legislation.gov.uk/ukpga/2005/5/section/456/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21598971]: *See* 1979(C) s.155(1)—*definition applied for purposes of capital gains.*
[^c21598981]: Source—1970 s.282(1)
[^c21598991]: 1989 s. 104(1) from 1 April 1989. Previously "(2) Subject to section 415 and subsection (5) below, a company resident in the United Kingdom (but not falling within subsection (1)(b) above) is a close company if-(a) on the assumtion that it is so, or (b) on the assumption that it and any other such company or companies are so, more than half of any any amount falling to be apportioned under section 423 in the case of the company (including any sum which has been apportioned to it, or could on either of those assumptions be apportioned to it, under that section) could be apportioned among five or fewer participators, or among participators who are directors.".
[^c21599001]: Source—1970 s.282(2); 1972 Sch.17 1
[^c21599011]: Repealed by 1989 ss. 104(2) and 187 and Sch. 17 Part V from 1 April 1989
[^c21599021]: Source—1970 s.282(3)
[^c21599031]: 1970 s.282(4), (5); 1972 Sch.17 1
[^c21599041]: 1989 s.104(3)*from* 1*April* 1989.*Previously* “paragraph (c) of section 416(2) and it would not be a close company if the reference in that paragraph”.
[^c21599051]: Source—1971 s.25(6)
[^c21599061]: Source—1970 s.283(1)-(3)
[^c21599071]: Source—1970 s.283(4)(a)
[^c21599081]: Source—1970 s.283(4)(bb); 1970(F) Sch.5 Part III 12(3)
[^c21599091]: Source—1970 s.283(4)(c)
[^c21599101]: Source—1970 s.283(5)-(8)
[^c22745911]: Word in [s. 415(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/415/1/b) substituted (with effect in accordance with [Sch. 38 para. 6(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(f)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/f)
[^c21599161]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (with modifications) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 89(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/89/1), [Sch. 16 para. 10(9)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/10/9) [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (with modifications) by [Finance Act 1981 (c. 35, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1981/35), [s. 82A(11)(13)](https://www.legislation.gov.uk/ukpga/1981/35/section/82A/11/13) (in relation to payments received on or after 19.3.1991) (as inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 91](https://www.legislation.gov.uk/ukpga/1991/31/section/91), [Sch. 18 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/18/paragraph/4))
[^c21599171]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 86(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/86/5), [288(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/1), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [Sch. 5 paras. 2(8)(9)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/2/8/9), [8(8)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/8/8), [9(9)(10)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/9/9/10) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (1.10.1992) by [S.I. 1992/1725 (N.I. 15)](https://www.legislation.gov.uk/nisi/1992/1725), [art. 62(4)](https://www.legislation.gov.uk/nisi/1992/1725/article/62/4); [S.R. 1992/402](https://www.legislation.gov.uk/nisr/1992/402), [art. 2(a)](https://www.legislation.gov.uk/nisr/1992/402/article/2/a)
[^c22744231]: [S. 416](https://www.legislation.gov.uk/ukpga/1988/1/section/416) applied (17.12.1996) by [Housing Grants, Construction and Regeneration Act 1996 (c. 53)](https://www.legislation.gov.uk/ukpga/1996/53), [ss. 54(2)](https://www.legislation.gov.uk/ukpga/1996/53/section/54/2), [150(3)](https://www.legislation.gov.uk/ukpga/1996/53/section/150/3); [S.I. 1996/2842](https://www.legislation.gov.uk/uksi/1996/2842), [art. 3](https://www.legislation.gov.uk/uksi/1996/2842/article/3)
[^c23457351]: S, 416 applied (N.I.) (1.10.2003 for specified purposes and 1.12.2003 otherwise) by [The Housing (Northern Ireland) Order 2003 (S.I. 2003/412)](https://www.legislation.gov.uk/uksi/2003/412), [arts. 1(3)](https://www.legislation.gov.uk/uksi/2003/412/article/1/3), [85(2)](https://www.legislation.gov.uk/uksi/2003/412/article/85/2); [S.R. 2003/270](https://www.legislation.gov.uk/nisr/2003/270), [art. 2(4)](https://www.legislation.gov.uk/nisr/2003/270/article/2/4), [Sch. 3](https://www.legislation.gov.uk/nisr/2003/270/schedule/3)
[^c21599181]: Source—1970 s.302(1); 1972 Sch.24 21
[^c21599191]: Words repealed by 1989 s. 187 and Sch. 17 Part v in relation to accounting periods beginning after 31 March 1989
[^c21599201]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 184(1)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/184/1/b), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22745921]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 87(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/87/6) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11))
[^c22745941]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with Sch. 9 para. 17(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8) Sch. 9 para. 17(9)
[^c22746271]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (1.3.1996) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [ss. 12(7)](https://www.legislation.gov.uk/ukpga/1995/45/section/12/7), [18(4)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/4) (with [Sch. 5 para. 1](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/1)); [S.I. 1996/218](https://www.legislation.gov.uk/uksi/1996/218), [art. 3](https://www.legislation.gov.uk/uksi/1996/218/article/3)
[^c22746291]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (10.6.1996) by [The Gas (Northern Ireland) Order 1996 (S.I. 1996/275)](https://www.legislation.gov.uk/uksi/1996/275), [arts. 1(2)](https://www.legislation.gov.uk/uksi/1996/275/article/1/2), [39(7)](https://www.legislation.gov.uk/uksi/1996/275/article/39/7) (with [art. 71](https://www.legislation.gov.uk/uksi/1996/275/article/71)); [S.R. 1996/216](https://www.legislation.gov.uk/nisr/1996/216), [art. 2](https://www.legislation.gov.uk/nisr/1996/216/article/2) (with [arts. 3](https://www.legislation.gov.uk/nisr/1996/216/article/3), [4](https://www.legislation.gov.uk/nisr/1996/216/article/4))
[^c22750701]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) by [Gas Act 1986 (c. 44)](https://www.legislation.gov.uk/ukpga/1986/44), [s. 19E(4)](https://www.legislation.gov.uk/ukpga/1986/44/section/19E/4) (as inserted (10.8.2000) by [The Gas (Third Party Access and Accounts) Regulations 2000 (S.I. 2000/1937)](https://www.legislation.gov.uk/uksi/2000/1937), [Sch. 2 para. 1](https://www.legislation.gov.uk/uksi/2000/1937/schedule/2/paragraph/1))
[^c22750721]: [S. 416(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [s. 17E(7)](https://www.legislation.gov.uk/ukpga/1998/17/section/17E/7) (as inserted (10.8.2000) by [The Gas (Third Party Access and Accounts) Regulations 2000 (S.I. 2000/1937)](https://www.legislation.gov.uk/uksi/2000/1937), [Sch. 4 para. 4](https://www.legislation.gov.uk/uksi/2000/1937/schedule/4/paragraph/4))
[^c22750881]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with modifications) (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 8(2)-(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/8/2)
[^c22750901]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 20](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/20); and s. 416(2)-(6) applied by that para. 20 as amended by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 20 paras. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/4), [15](https://www.legislation.gov.uk/ukpga/2004/12/schedule/20/paragraph/15)
[^c22750921]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with application in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 33(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/33/5)
[^c22752431]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch.15 para. 11(2D)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/11/2D/a) (as inserted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 41(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/41/2))
[^c22752451]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 59(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/59/4)
[^c23457571]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 5 para. 10(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/5/paragraph/10/3) (as substituted (with effect in accordance with s. 96(6) of the 2004 amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 96(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/96/3))
[^c23457581]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (with effect in accordance with s. 77 of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/11/paragraph/4/2); [S.I. 2006/3240](https://www.legislation.gov.uk/uksi/2006/3240), [art. 2](https://www.legislation.gov.uk/uksi/2006/3240/article/2)
[^c23481311]: [S. 416(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/416/2) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 784(6)](https://www.legislation.gov.uk/ukpga/2009/4/section/784/6) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21599211]: Source—1970 s.302(2)-(4); 1972 Sch.17 5
[^c21599221]: Source—1970 s.302(5), (6)
[^c21599351]: *Definition of* “participator”,*excluding* “loan creditor”,*applied for purposes of* 1979(C) s.149 (*capital gains tax relief on disposals to employee trusts*).*Definition of* “participator” *applied for purposes of*—1988 s.168(11)—*directors etc.*1988 s.187(3)—*share option and profit sharing schemes.*1988 s.360A—*loan to buy interest in close company.*1989 Sch.5—*employee share ownership trusts.*
[^c21599361]: In s. 417(1): definition of 'participator' applied by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 89](https://www.legislation.gov.uk/ukpga/1991/31/section/89), [Sch. 16 paras. 4(10)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/4/10), [10(10)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/10/10), [11(11)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/16/paragraph/11/11) and applied by [Finance Act 1981 (c. 35, SIF 63:2)](https://www.legislation.gov.uk/ukpga/1981/35), [s. 82A(12)(13)](https://www.legislation.gov.uk/ukpga/1981/35/section/82A/12/13) (in relation to payments received on or after 19.3.1991) (as inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 91](https://www.legislation.gov.uk/ukpga/1991/31/section/91), [Sch. 18 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/18/paragraph/4))
[^c21599371]: Source—1970 s.303(1), (2)
[^c21599381]: *See* s.360(4)(b)*ante with regard to loans made before* 14*November* 1986.
[^c21599391]: *Definition of* “associate” *applied for purposes of:*—1988 s.168 (Ch.II Part V) (*expenses of directors and others*).1988 s.312 (Ch.III Part VII) (*Business Expansion Scheme*).1989 Sch.5 para.16—*employee share ownership trusts.*
[^c21599411]: Source—1970 s.303(4)-(6)
[^c21599421]: *Definition applied for purposes of* 1988(F) s.131—*penalties; and* 1989 s.134—*non-payment of tax by non-residents.*
[^c21599431]: *Definition applied for purposes of* 1989 Sch.12 Pt.I—*close companies: administrative provisions.*
[^c21599441]: Source—1970 s.303(7)
[^c21599451]: Source—1970 s.303(8); 1972 Sch.17 7
[^c21599461]: Source—1970 s.303(7)
[^c21599401]: Source—1970 s.303(3); 1970(F) Sch.5 Part III 12(4); 1987 s.37(1)
[^c23480841]: Words in [s. 417(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 173](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/173) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23481041]: Words in [s. 417(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/417/4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [72](https://www.legislation.gov.uk/uksi/2005/3229/regulation/72)
[^c21599471]: Source—1970 s.284(1)
[^c21599481]: Source—1970 s.284(2)
[^c21599491]: Source—1970 s.284(2)(a); 1976 Sch.9 15
[^c21599501]: 1989 s.53(2)(f).*Previously* “director's or higher-paid employment (within the meaning of section 167)”.
[^c21599511]: Source—1970 s.284(2)(aa); 1980 s.51(4)
[^c21599521]: Source—1970 s.284(2)(b); 1976 Sch.9 15; 1977 s.35(4)
[^c21599531]: Source—1970 s.284(3); 1976 Sch.9 16
[^c21599541]: Source—1970 s.284(4)-(7)
[^c23457471]: Words in [s. 418(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(2)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/2/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457491]: Words in [s. 418(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/2/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457511]: Words in [s. 418(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23457531]: Words in [s. 418(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/4) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 55(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/55/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481061]: Words in [s. 418(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/418/3/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [73](https://www.legislation.gov.uk/uksi/2005/3229/regulation/73)
[^c21599551]: *See* 1989 s.107*and* Sch.12—*close companies: administrative provisions.*
[^c21599561]: *See* 1970(M) s.109—*application of* s.419*to corporation tax enactments generally.*
[^c21599571]: [S. 419(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/1/3): 30.9.1993 appointed for the purposes of s. 419(1)(3) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c21599581]: Source—1970 s.286(1); 1972 Sch.17 3(2); 1987 (No.2) s.90(3)
[^c21599591]: Source—1970 s.286(2)
[^c21599621]: Source—1970 s.286(5); 1972 Sch.17 3(4); 1986 s.43(2); 1976 s.44
[^c21599631]: Source—1970 s.286(7)-(9)
[^c22746021]: [S. 419(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/3) substituted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/2)
[^c22746081]: [S. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) inserted (with effect in accordance with [s. 173(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/3)
[^c22767981]: Words in [s. 419(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/6) repealed (with effect in accordance with s. 173(6) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 173(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/173/4), [Sch. 41 Pt. 5(29)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/29), Note
[^c22748711]: Words in [s. 419(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/1) substituted (with effect in accordance with [Sch. 3 para. 24(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/2)
[^c22748911]: Words in [s. 419(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/3) inserted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 47(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22748731]: Word in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) renumbered as s. 419(4)(a) (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/a)
[^c22748771]: [S. 419(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4/b) and preceding word inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/b)
[^c22748871]: Words in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 47(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/3), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22748761]: Words in [s. 419(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4) inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/3/c)
[^c22748801]: Word in [s. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) renumbered as s. 419(4A)(a) (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/a)
[^c22748821]: [S. 419(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A/b) and preceding word inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/b)
[^c22748841]: Words in [s. 419(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4A) inserted (with effect in accordance with [Sch. 3 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 24(4)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/24/4/c)
[^c22748891]: [S. 419(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/419/4B) inserted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 47(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/47/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21599641]: Source—1970 s.286(2)
[^c21599651]: Source—1970 s.286(3), (9); 1971 s.25(5); 1972 Sch.17 3(3)
[^c21599661]: Words omitted where the loan first mentioned in s. 420(2) is made on or after 6 April 1990-see 1988(F) s. 35 and Sch. 3 para. 16.
[^c21599701]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 77(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/77/4/a/5)
[^c22747651]: Words in [s. 421(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a/b) substituted (with effect in accordance with [Sch. 4 para. 11(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/11/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/11/1/a)
[^c23480921]: Words in [s. 421(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480941]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480961]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480981]: Words in [s. 421(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23481001]: Words in [s. 421(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480861]: [S. 421(1)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/1/c/d) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/2/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23480891]: [S. 421(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/421/2/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 174(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/174/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21599751]: Source—1970 s.287A 1976 s.44(2)
[^c22770741]: Source—1970 s.323(1); 1973 s.40(7); 1982 s.58(7)
[^c22770761]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (31.7.1992 with effect as mentioned in reg. 1 of the modifying S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [5](https://www.legislation.gov.uk/uksi/1992/1655/regulation/5) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5), [6](https://www.legislation.gov.uk/uksi/1993/3111/regulation/6); and as further amended (19.3.1997) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1997 (S.I. 1997/471)](https://www.legislation.gov.uk/uksi/1997/471), [regs. 1](https://www.legislation.gov.uk/uksi/1997/471/regulation/1), [6](https://www.legislation.gov.uk/uksi/1997/471/regulation/6))
[^c22770771]: Source—1970 s.323(2); 1970(F) Sch.5 Pt.III 11(4)
[^c22770791]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770811]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign income dividends" inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 4](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/4)
[^c22770831]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770851]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770861]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770871]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in the definition of "overseas life insurance company" substituted (27.7.1993 as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 103(1)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/1/3/4)
[^c22770881]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "UK distribution income" inserted (27.7.1993 with effect in relation to accounting periods beginning after 31.12.1992) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 99(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/99/2/3)
[^c22770901]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/2)
[^c22770911]: [S. 431(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 1(3)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/1/3)
[^c22855041]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "general annuity business" and "pension business" repealed (with effect in accordance with Sch. 8 para. 57, Sch. 29 Pt. 8(5) Notes 2, 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5)
[^c22855071]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance business" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855081]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance and general annuity business" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855011]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "basic life assurance and general annuity business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22854971]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "insurance company" substituted (with effect in accordance with [s. 52(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/52/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/52/1)
[^c22854991]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "life reinsurance business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855031]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "linked assets" substituted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 11(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/11/1)
[^c22855091]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "offshore income gain" repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22855101]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life asurance business" repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22855001]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "overseas life assurance business" inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855111]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): word following the definition of "overseas life assurance company" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22854981]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "pension business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855131]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "policy holders' fraction" and "shareholders' fraction" inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch.8 para.1](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/1) and repealed (retrospectively) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 6
[^c22855021]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "reinsurance business" inserted (with effect in accordance with [Sch. 8 para. 57](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/1)
[^c22855121]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "UK distribution income" repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855141]: [S. 431(2A)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2A) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22855431]: [S. 431](https://www.legislation.gov.uk/ukpga/1988/1/section/431) modified (20.3.1997 with effect as mentioned in reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/1997/473/regulation/6) (as amended by: [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3629/regulation/1), [156](https://www.legislation.gov.uk/uksi/2001/3629/regulation/156), [165(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/regulation/165/2/b); [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [4](https://www.legislation.gov.uk/uksi/2003/23/regulation/4); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [6](https://www.legislation.gov.uk/uksi/2004/822/regulation/6); [S.I. 2005/2005](https://www.legislation.gov.uk/uksi/2005/2005), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2005/regulation/1), [5](https://www.legislation.gov.uk/uksi/2005/2005/regulation/5))
[^c22855441]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (20.3.1997 with effect as mentioned in reg. 7(1) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/1997/473/regulation/7)
[^c22855401]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "industrial assurance business" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855421]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "long term business fund" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855411]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "ordinary long term business" and "ordinary life assurance business" repealed (with effect in accordance with Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22855451]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "foreign income dividends" repealed (with effect in accordance with Sch. 6 para. 5(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/5/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22855471]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [7](https://www.legislation.gov.uk/uksi/1998/1871/regulation/7)
[^c22855481]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [5](https://www.legislation.gov.uk/uksi/1999/498/regulation/5)
[^c22855491]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" repealed (with effect in accordance with s. 109(10) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/a), [Sch. 40 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/16), Note 1
[^c22855501]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "contract of insurance" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/2)
[^c22855521]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definitions of "insurance business transfer scheme" and "insurance company" substituted for definition of "insurance company" (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/3)
[^c22855541]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term business" substituted for definition of "long term business" (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/5)
[^c22855581]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "long term business fund" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/b)
[^c22855591]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): word in definition of "long term business fund" substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/a)
[^c22855551]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term liabilities" inserted (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(6)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/6)
[^c22855561]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "periodical return" substituted (1.12.2001 in accordance with arts. 1(2)(a), 26(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/7)
[^c22855571]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Prudential Sourcebook (Insurers)" inserted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 26(8)](https://www.legislation.gov.uk/uksi/2001/3629/article/26/8)
[^c22855601]: This sourcebook is part of the FSA Handbook. The FSA Handbook may be purchased on paper and on CD Rom from the Publications Department (Sales), Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS and is available on line at www.fsa.gov.uk.
[^c23572411]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "brought into account" inserted (with effect in accordance with [Sch. 33 para. 20(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 20(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/20/2)
[^c23572451]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" inserted (with effect in accordance with [Sch. 33 para. 28](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/28) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 25](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/25)
[^c23572471]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "period of account" inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 29](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/29)
[^c23572431]: [S. 431(2ZA)-(2ZE)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZA) inserted (with effect in accordance with [Sch. 33 para. 22(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/22/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 22(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/22/1)
[^c23572491]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "annuity business" inserted (with effect in accordance with [s. 147(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/4/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 147(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/147/2)
[^c23572551]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [5](https://www.legislation.gov.uk/uksi/2004/2680/regulation/5); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23572511]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): words in definition of "annuity business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 175](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/175) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23573041]: [S. 431](https://www.legislation.gov.uk/ukpga/1988/1/section/431) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/2005/2014/regulation/6) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2007/2134/regulation/6); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(2)(3)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/2/3), [4](https://www.legislation.gov.uk/uksi/2008/1937/regulation/4))
[^c23572961]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "the Integrated Prudential Sourcebook" inserted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/2)
[^c23572981]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "liabilities" substituted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/3)
[^c23573021]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "long-term liabilities" repealed (with effect in accordance with Sch. 9 para. 2(6) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/4), [Sch. 11 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/10), Note 1
[^c23573001]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "value" substituted (with effect in accordance with [Sch. 9 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 2(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/2/5)
[^c23573061]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "free assets amount" inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/a)
[^c23573101]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "investment reserve" omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/b)
[^c23573081]: [S. 431(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2): definition of "shareholders' excess assets" inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(2)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/2/c)
[^c23573121]: Word at the end of s. 431(2ZB)(b) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/a)
[^c23573201]: Words in [s. 431(2ZB)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB/c) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/b)
[^c23573161]: [S. 431(2ZB)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB/d) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/c)
[^c23573221]: Words in [s. 431(2ZB)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZB) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(3)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/3/d)
[^c23573141]: Word at the end of s. 431(2ZC)(b) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/a)
[^c23573241]: Words in [s. 431(2ZC)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/c) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/b)
[^c23573181]: [S. 431(2ZC)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC/d) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/c)
[^c23573261]: Words in [s. 431(2ZC)](https://www.legislation.gov.uk/ukpga/1988/1/section/431/2ZC) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 3(4)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/3/4/d)
[^c23594271]: [S. 431A](https://www.legislation.gov.uk/ukpga/1988/1/section/431A) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/3)
[^c21600341]: See 1989 ss.82-92 for changes made by Finance Act 1989 and 1990 ss.41-48 for changes made by Finance Act 1990.
[^c22804871]: [S. 431B](https://www.legislation.gov.uk/ukpga/1988/1/section/431B) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [6](https://www.legislation.gov.uk/uksi/1999/498/regulation/6)
[^c23595881]: [S. 431B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/431B/2) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 36 para. 2(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36/paragraph/2/7) (with [s. 283(4)(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/283/4/5))
[^c22804001]: Words in [s. 431B(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/431B/2/e) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/1/2/a)
[^c22804021]: [S. 431B(2)(ea)](https://www.legislation.gov.uk/ukpga/1988/1/section/431B/2/ea) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/1/2/b)
[^c22804041]: [S. 431B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/431B/2A) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 1(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/1/3)
[^c22804061]: Words in [s. 431B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/431B/3) substituted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/1/4/a)
[^c22804081]: Words in [s. 431B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/431B/3) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/1/4/b)
[^c22783381]: [S. 431C](https://www.legislation.gov.uk/ukpga/1988/1/section/431C) modified (with effect in accordance with reg. 1 of the affecting S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 11](https://www.legislation.gov.uk/uksi/1995/1730/regulation/11) (as amended by: [S.I. 1996/1621](https://www.legislation.gov.uk/uksi/1996/1621), [regs. 1](https://www.legislation.gov.uk/uksi/1996/1621/regulation/1), [5](https://www.legislation.gov.uk/uksi/1996/1621/regulation/5); [S.I. 2003/2573](https://www.legislation.gov.uk/uksi/2003/2573), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2003/2573/regulation/1/1/2), [10](https://www.legislation.gov.uk/uksi/2003/2573/regulation/10); [S.I. 2007/2087](https://www.legislation.gov.uk/uksi/2007/2087), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2087/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2007/2087/regulation/6))
[^c22804931]: [S. 431C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431C/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [8](https://www.legislation.gov.uk/uksi/1998/1871/regulation/8)
[^c23596121]: [S. 431C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431C/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [6](https://www.legislation.gov.uk/uksi/2004/2680/regulation/6); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22804951]: [S. 431D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [8](https://www.legislation.gov.uk/uksi/1998/1871/regulation/8)
[^c22806101]: Words in [s. 431D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/1) substituted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 108(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/1) (with [s. 108(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/3))
[^c22806141]: [S. 431D(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/2) substituted for s. 431D(2)-(8) (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 108(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/2) (with [s. 108(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/108/3))
[^c23596171]: [S. 431D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [6](https://www.legislation.gov.uk/uksi/2004/2680/regulation/6); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23596131]: Words in [s. 431D(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/431D/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 176](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/176) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22804971]: [S. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [9](https://www.legislation.gov.uk/uksi/1998/1871/regulation/9)
[^c23599481]: [S. 431F](https://www.legislation.gov.uk/ukpga/1988/1/section/431F) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [7](https://www.legislation.gov.uk/uksi/2004/2680/regulation/7); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22786001]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432): word in sidenote substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 51(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/51/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771521]: Source—1970 s.307
[^c22857411]: Words in [s. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22794391]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) modified (20.3.1997 with effect in accordance with reg. 8(1) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [8(2)](https://www.legislation.gov.uk/uksi/1997/473/regulation/8/2)
[^c23602111]: [S. 432](https://www.legislation.gov.uk/ukpga/1988/1/section/432) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [8](https://www.legislation.gov.uk/uksi/2005/2014/regulation/8) (and that modifying reg. 8 is omitted by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [8](https://www.legislation.gov.uk/uksi/2007/2134/regulation/8))
[^c22789521]: [S. 432(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432/2) repealed (with effect in accordance with s. 167(10), Sch. 41 Pt. 5(26) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/1), [Sch. 41 Pt. 5(26)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/26)
[^c22807851]: Words in [s. 432ZA(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/4/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/1)
[^c22807871]: [S. 432ZA(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/6) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/2)
[^c22811311]: Words in [s. 432ZA(2)(a)(b)(3)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/2/a/b/3/7) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/b)
[^c23607281]: Words in [s. 432ZA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432ZA/1) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 4(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/4/2)
[^c22771551]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (3.5.1994) by Finance Act 1994, (c. 9), s. 169, Sch. 18 para 1(4)
[^c22771561]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 6-8](https://www.legislation.gov.uk/uksi/1992/1655/regulation/6) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5), [7](https://www.legislation.gov.uk/uksi/1993/3111/regulation/7); and as further amended (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/1916/regulation/5))
[^c22857421]: [S. 432A(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/2)
[^c22857431]: Words in [s. 432A(5)(6)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/5/6/b/i) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22857451]: [S. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22857461]: [S. 432A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 13(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/13/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771691]: [S. 432A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/10) repealed (27.7.1993 with effect in relation to accounting periods beginning on or after 1.1.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 91(2)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/2/a), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) (8), Note
[^c22789591]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 11 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22793961]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para 19](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/19)
[^c22794411]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/1997/473/regulation/9), [13](https://www.legislation.gov.uk/uksi/1997/473/regulation/13) (as amended by: [S.I. 2000/2710](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [4](https://www.legislation.gov.uk/uksi/2000/2710/regulation/4); [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1](https://www.legislation.gov.uk/uksi/2001/3629/article/1), [157](https://www.legislation.gov.uk/uksi/2001/3629/article/157), [165](https://www.legislation.gov.uk/uksi/2001/3629/article/165); [S.I. 2001/3975](https://www.legislation.gov.uk/uksi/2001/3975), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3975/regulation/1), [4](https://www.legislation.gov.uk/uksi/2001/3975/regulation/4); [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [5](https://www.legislation.gov.uk/uksi/2003/23/regulation/5), [6](https://www.legislation.gov.uk/uksi/2003/23/regulation/6); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [8](https://www.legislation.gov.uk/uksi/2004/822/regulation/8), [9](https://www.legislation.gov.uk/uksi/2004/822/regulation/9); [S.I. 2005/2005](https://www.legislation.gov.uk/uksi/2005/2005), [regs. 1](https://www.legislation.gov.uk/uksi/2005/2005/regulation/1), [6](https://www.legislation.gov.uk/uksi/2005/2005/regulation/6))
[^c22794451]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [10-12](https://www.legislation.gov.uk/uksi/1997/473/regulation/10)
[^c22804991]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [10](https://www.legislation.gov.uk/uksi/1998/1871/regulation/10)
[^c22789551]: [S. 432A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2/d) substituted for s. 432A(2)(d)(e) (with effect in accordance with [s. 167(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/2)
[^c22806261]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 11 para. 3A(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11/paragraph/3A/5) (as inserted (with effect in accordance with s. 109(10) of the 2000 amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(8)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/8))
[^c22811141]: Words in [s. 432A(1)(a)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1/a/9B) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/c)
[^c22811191]: Words in [s. 432A(2)(f)(8)(a)(b)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2/f/8/a/b/9B) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/c)
[^c22806161]: Words in [s. 432A(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/a)
[^c22806181]: Words in [s. 432A(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/a)
[^c22857471]: [S. 432A(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(b)(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/b/4/a)
[^c22806231]: [S. 432A(9A)(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A/9B) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/6)
[^c22813061]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 138(2)(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/138/2/3)
[^c23603801]: Words in [s. 432A(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A) substituted (with effect in accordance with [Sch. 33 para. 28](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/28) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 26](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/26)
[^c23603821]: [S. 432A(9B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9B) repealed (with effect in accordance with Sch. 43 Pt. 3(12), Note 1 of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^c23603841]: Words in [s. 432A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/2)
[^c23603861]: [S. 432A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/1A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/3)
[^c23603901]: [S. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [8](https://www.legislation.gov.uk/uksi/2004/2680/regulation/8); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23603881]: Words in [s. 432A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/2) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 8(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/8/4)
[^c23603931]: [S. 432A](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2005/2014/regulation/9) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [9](https://www.legislation.gov.uk/uksi/2007/2134/regulation/9); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [6](https://www.legislation.gov.uk/uksi/2008/1937/regulation/6))
[^c23603911]: Word in [s. 432A(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9A) substituted (with effect in accordance with [Sch. 9 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/4/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/4/2)
[^c23604121]: Words in [s. 432A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/a)
[^c23604741]: Words in [s. 432A(6)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a/i) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/b/i)
[^c23605001]: Words in [s. 432A(6)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a/i) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/b/ii)
[^c23605251]: Word at the end of s. 432A(6)(a)(i) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/c)
[^c23605731]: [S. 432A(6)(a)(ii)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/a/ii/iii) substituted for s. 432A(6)(a)(ii) (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(d)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/d)
[^c23605841]: Words in [s. 432A(6)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6/b/ii) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(2)(e)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/2/e)
[^c23605861]: [S. 432A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/6A) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(3)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/3)
[^c23605881]: Words in [s. 432A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/a)
[^c23605901]: Word at the end of s. 432A(7)(a) omitted (6.1.2006 with effect in accordance with art. 1 of the repealing S.I.) by virtue of [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/b)
[^c23605921]: [S. 432A(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/7/c) and preceding word inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(4)(c)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/4/c)
[^c23605951]: [S. 432A(8)-(8B)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/8) substituted for s. 432A(8) (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(5)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/5)
[^c23605971]: Words in [s. 432A(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9/b) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(6)(a)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/6/a)
[^c23605991]: Words in [s. 432A(9)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432A/9/b) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 5(6)(b)](https://www.legislation.gov.uk/uksi/2005/3465/article/5/6/b)
[^c22771711]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [reg. 9](https://www.legislation.gov.uk/uksi/1992/1655/regulation/9) (as amended (31.12.1993) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1), [8](https://www.legislation.gov.uk/uksi/1993/3111/regulation/8))
[^c22771721]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S. I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [10](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10)
[^c22771731]: [S. 432B](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) modified (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [9(1)](https://www.legislation.gov.uk/uksi/1992/1655/regulation/9/1)
[^c22786291]: Words in [s. 432B(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1/2) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786071]: Words in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/2/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786091]: [S. 432B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/2/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786361]: Words in [s. 432B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/3) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/1/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c23613901]: Word in [s. 432B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/1) substituted (with effect in accordance with [Sch. 9 para. 19(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/19/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 19(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/19/1)
[^c23613921]: [S. 432B(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/432B/4) inserted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 6(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/6/2)
[^c22771751]: [Ss. 432A-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432A) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/4)
[^c22771761]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 110](https://www.legislation.gov.uk/uksi/1992/1655/regulation/110)
[^c22805031]: [S. 432C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [12](https://www.legislation.gov.uk/uksi/1998/1871/regulation/12)
[^c22786641]: Word in [s. 432C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787721]: Words in [s. 432C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para 14(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/14/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787841]: Words in [s. 432C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/2) inserted (with effect in accordance with [Sch. 8 para. 55(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787741]: Words in [s. 432C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para 14(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/14/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787801]: [S. 432C(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/5/a) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 14(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/14/5), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2 (with Sch. 8 para. 55(2))
[^c22787821]: [S. 432C(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/6) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 14(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/14/6) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22807791]: Words in [s. 432C(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/4/a) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/b)
[^c22807801]: Words in [s. 432C(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/4/a) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/b)
[^c22865961]: [S. 432C(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/4/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(b)(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/b/4/b)
[^c22807811]: Words in [s. 432C(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/5/b) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(7)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/7)
[^c23615071]: [S. 432C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432C/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [10](https://www.legislation.gov.uk/uksi/2004/2680/regulation/10); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22771811]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S. I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1),10
[^c22805071]: [S. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [12](https://www.legislation.gov.uk/uksi/1998/1871/regulation/12)
[^c22786651]: Words in [s. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787861]: Words in [s. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 15(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/15/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787881]: Words in [s. 432D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 15(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/15/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22787901]: [S. 432D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/3/4) substituted for s. 432D(3) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 15(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/15/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22807831]: Words in [s. 432D(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/3/a) inserted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/c)
[^c22807841]: Words in [s. 432D(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/3/a) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(a)(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/a/4/c)
[^c22865981]: [S. 432D(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/3/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(3)(b)(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/3/b/4/c)
[^c22811281]: Word in [s. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(f)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/f)
[^c23615311]: [S. 432D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432D/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [10](https://www.legislation.gov.uk/uksi/2004/2680/regulation/10); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23615261]: Words in [s. 432D](https://www.legislation.gov.uk/ukpga/1988/1/section/432D) inserted (with effect in accordance with [Sch. 33 para. 9(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/9/1) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 9(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/9/1)
[^c22771841]: [Ss. 432B-432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432B) excluded (31.7.1992 with effect as mentioned in reg. 1 of the amending S.I.) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1),10
[^c22786121]: Words in [s. 432E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786151]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22786391]: Words in [s. 432E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/2/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786701]: Words in [s. 432E(3)(a)(b)(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/3/a/b/6/a) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/a) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22771851]: *For orders see* Part III Vol.5 (*under* “*Life assurance apportionment of participating funds: applicable percentage*”).
[^c22786411]: Words in [s. 432E(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/5) inserted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/2/b) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22866001]: [S. 432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432E) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/1997/473/regulation/14) (as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [10](https://www.legislation.gov.uk/uksi/2004/822/regulation/10))
[^c22795741]: [S. 432E(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/6/b) and preceding word repealed (with effect in accordance with Sch. 3 para. 2(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/2/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c23615391]: Words in [s. 432E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1) substituted (with effect in accordance with [Sch. 33 para. 10(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/2)
[^c23615431]: [S. 432E(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2/a) repealed (with effect in accordance with Sch. 33 para. 10(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(3)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/3/a), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 2
[^c23615451]: Words in [s. 432E(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2/b) repealed (with effect in accordance with Sch. 33 para. 10(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(3)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/3/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 2
[^c23615411]: [S. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inserted (with effect in accordance with [Sch. 33 para. 10(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 10(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/10/4)
[^c23615471]: Words in [s. 432E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/1) added (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 3(2)](https://www.legislation.gov.uk/uksi/2004/3266/article/3/2)
[^c23615551]: [S. 432E](https://www.legislation.gov.uk/ukpga/1988/1/section/432E) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [12](https://www.legislation.gov.uk/uksi/2005/2014/regulation/12) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [12](https://www.legislation.gov.uk/uksi/2007/2134/regulation/12))
[^c23615491]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) substituted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/2/a)
[^c23615511]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) inerted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/2/b)
[^c23615531]: Words in [s. 432E(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/432E/2A) substituted (with effect in accordance with [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/5/3)
[^c22794531]: [S. 432F(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/432F/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [15](https://www.legislation.gov.uk/uksi/1997/473/regulation/15); and that modifying reg. 15 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 11](https://www.legislation.gov.uk/uksi/2004/822/regulation/11)
[^c22805921]: [S. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 13A](https://www.legislation.gov.uk/uksi/1997/473/regulation/13A) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/2636/regulation/3))
[^c22805011]: [S. 432AA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [11](https://www.legislation.gov.uk/uksi/1998/1871/regulation/11)
[^c23613561]: [S. 432AA](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/2005/2014/regulation/10) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [11](https://www.legislation.gov.uk/uksi/2007/2134/regulation/11); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [8](https://www.legislation.gov.uk/uksi/2008/1937/regulation/8))
[^c22811251]: Words in [s. 432AA(2)(3)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/2/3/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/d)
[^c23613551]: [S. 432AA(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [9](https://www.legislation.gov.uk/uksi/2004/2680/regulation/9); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22811271]: Word in [s 432AA(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AA/4/d) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/d)
[^c22805941]: [S. 432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 13B](https://www.legislation.gov.uk/uksi/1997/473/regulation/13B) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/2636/regulation/3))
[^c23613711]: [S. 432AB](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB) modified (12.8.2005 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2005/2014/regulation/11)
[^c23613691]: [S. 432AB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/432AB/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 17(2)
[^c23601861]: [S. 431G](https://www.legislation.gov.uk/ukpga/1988/1/section/431G) modified by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [reg. 12](https://www.legislation.gov.uk/uksi/1995/1730/regulation/12) (as amended (13.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) (Amendment) Regulations 2007 (S.I. 2007/2087)](https://www.legislation.gov.uk/uksi/2007/2087), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2087/regulation/1/1), [8](https://www.legislation.gov.uk/uksi/2007/2087/regulation/8))
[^c23602081]: [S. 431H](https://www.legislation.gov.uk/ukpga/1988/1/section/431H) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 7A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/7A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/2007/2134/regulation/7); and as amended by [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [5](https://www.legislation.gov.uk/uksi/2008/1937/regulation/5))
[^c22771881]: [S. 434](https://www.legislation.gov.uk/ukpga/1988/1/section/434) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c22787961]: [S. 434(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 19(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/19/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788001]: [S. 434(2)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/2/7) repealed (with effect in accordance with Sch. 29 Pt. 8(5) Note 2 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5)
[^c22771941]: [S. 434(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3/3A) substituted for s. 434(3) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 84(4)-(6)](https://www.legislation.gov.uk/ukpga/1989/26/section/84/4), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/8/paragraph/3/1)
[^c22772001]: [S. 434(3B)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 5(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/4)
[^c22772011]: Source—1970 s.310(6)
[^c22772021]: *Repealed by* 1989 ss.84*and* 187*and* Sch.8 para.3(2)*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990.
[^c22772031]: *Repealed by* 1989 ss.84*and* 187*and* Sch.8 para.3(2)*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990.
[^c22772061]: 1990 s.45(7).
[^c22772071]: Word at the end of s. 434(6A)(a) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/5), [Sch. 26 pt. 5(16)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/16)
[^c22772081]: [S. 434(6A)(aa)-(ac)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/aa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/5/5)
[^c22795751]: [S. 434(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1) substituted for s. 434(1) (with effect in accordance with [Sch. 3 para. 3(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/3/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 3(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/3/2)
[^c22795821]: [S. 434(1)(1A)(1C)(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1/1A/1C/1D) restricted by ([Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 65](https://www.legislation.gov.uk/ukpga/1992/48/section/65) (as amended (31.7.1997) by ([Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 15](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/15))
[^c22795841]: [S. 434(3B)-(3D)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3B) repealed (with effect in accordance with Sch. 6 para. 3(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 6(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/6/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22795881]: [S. 434(6A)(aa)-(ac)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/aa) repealed (with effect in accordance with Sch. 6 para. 6(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 6(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/6/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22801461]: [S. 434(3)(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3/6/8) repealed (with effect in accordance with Sch. 3 para. 25(5)(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 25(2)-(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/25/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23635561]: Words in [s. 434(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/3A) substituted (with effect in accordance with [Sch. 33 para. 12(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 12(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/2)
[^c23635581]: Words in [s. 434(6A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/6A/b) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(7)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/7/a)
[^c23635601]: [S. 434(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434/1A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 177](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/177), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22788031]: [S. 434A](https://www.legislation.gov.uk/ukpga/1988/1/section/434A) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para 20(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/20/1) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22874051]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) substituted (with effect in accordance with Sch. 31 paras. 2(1), 10(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/1/a/2)
[^c22874131]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22874121]: [S. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/3)
[^c22870371]: [S. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22874071]: Words in [s. 434A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2A) substituted (with effect in accordance with Sch. 31 paras. 2(1), 10(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/2/1/b)
[^c22871451]: Words in [s. 434A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 23(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/23/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22796071]: [S. 434A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/1) repealed (with effect in accordance with Sch. 3 para. 4(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 4(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/4/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22874141]: [S. 434A(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/iii) inserted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 8(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/8/a)
[^c22807891]: Words in [s. 434A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2) substituted (with effect in accordance with [Sch. 27 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/1) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 8(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/8/b)
[^c23635731]: Words in [s. 434A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/3) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(7)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/7/b)
[^c23635771]: [S. 434A(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/434A/2/a/i) repealed (with effect in accordance with s. 38(6) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 38(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/38/4), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c22772201]: Source—1970 s.312(1); 1970(F) Sch.5 Part III 11(3)
[^c22772211]: Words in [s. 436(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/1) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/1/a), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt.V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V) Note 3
[^c22772221]: Words in [s. 436(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/1/a) substituted (for accounting periods beginning on or after 1. 1. 1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 paras. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/1/b), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18)
[^c22772231]: *See also* 1989 s.43—*certain Sch.D computations involving emoluments.*
[^c22772241]: Source—1970 s.312(2), 314(5); 1970(F) Sch.5 Part III 11(6)(a)(b); 1972 Sch.18 5(1)(a)
[^c22772251]: 1989 s.84*and* Sch.8 para.6*and, subject to* s.84(6)*deemed to have come into force on* 14*March* 1989.*Previously* “section 433”.
[^c22789841]: [S. 436(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/aa) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22772271]: *Words repealed by* 1989 ss.87(4)*and* 187*and* Sch.17 Part IV*with respect to accounting periods beginning on or after* 1*January* 1990. (See 1989 s.87(5)*in relation to straddling periods*).
[^c22772281]: Words in [s. 436(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/c) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/2/a), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18) Sch. 19 Pt. V, Note 3
[^c22772311]: Source—1970 s.312(3); 1970(F) Sch.5 Part III 11(3)
[^c22772321]: Words in [s. 436(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/4) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/3), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772331]: Source—1985 s.72(7)
[^c22794611]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [19](https://www.legislation.gov.uk/uksi/1997/473/regulation/19), [20](https://www.legislation.gov.uk/uksi/1997/473/regulation/20) (as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [12](https://www.legislation.gov.uk/uksi/2004/822/regulation/12), [14](https://www.legislation.gov.uk/uksi/2004/822/regulation/14))
[^c22789851]: [S. 436(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/aa) repealed (with effect in accordance with Sch. 31 para. 10(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/1/a), [Sch. 41 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/23), Note
[^c22805111]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [13](https://www.legislation.gov.uk/uksi/1998/1871/regulation/13)
[^c22805131]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (6.4.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 19A](https://www.legislation.gov.uk/uksi/1997/473/regulation/19A), [20A](https://www.legislation.gov.uk/uksi/1997/473/regulation/20A) (as inserted by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [25(3)(4)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/25/3/4), and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [13](https://www.legislation.gov.uk/uksi/2004/822/regulation/13), [15](https://www.legislation.gov.uk/uksi/2004/822/regulation/15))
[^c22796091]: [S. 436(3)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/d/e) repealed (with effect in accordance with Sch. 3 para. 5(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/5/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c23638571]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [11](https://www.legislation.gov.uk/uksi/2004/2680/regulation/11); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23637171]: [S. 436](https://www.legislation.gov.uk/ukpga/1988/1/section/436) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [13](https://www.legislation.gov.uk/uksi/2005/2014/regulation/13) (which modifying reg. 13 is omitted by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [13](https://www.legislation.gov.uk/uksi/2007/2134/regulation/13))
[^c23636081]: Words in [s. 436(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/a) substituted (with effect in accordance with [Sch. 33 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/3/a)
[^c23636521]: Words in [s. 436(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/436/3/a) repealed (with effect in accordance with Sch. 33 para. 1(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/3/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 1
[^c22783461]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [reg. 10A](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10A) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [6](https://www.legislation.gov.uk/uksi/1995/1916/regulation/6))
[^c22772351]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772361]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772371]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22772381]: [S. 437(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/2) repealed (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 7 paras. 4(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/4/4), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 3
[^c22788141]: [S. 437(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/6) repealed (with effect in accordance with Sch. 8 para. 57 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22794651]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/1997/473/regulation/21) ( as amended (31.12.1997) with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment No. 2) Regulations 1997 (S.I. 1997/2877)](https://www.legislation.gov.uk/uksi/1997/2877), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/2877/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/1997/2877/regulation/4))
[^c22874681]: [S. 437(1A)-(1F)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted for s. 437(1) (for accounting periods beginning on or after 1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 paras. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/5), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18)
[^c22794021]: [S. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted for s. 437(1A)(1B) (with effect in accordance with [s. 67(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/1)
[^c22794041]: Words in [s. 437(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/2)
[^c22794061]: [S. 437(1CA)-(1CD)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1CA) inserted (with effect in accordance with [s. 67(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/8) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/2)
[^c23648521]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (with effect in accordance with [Sch. 33 para. 6(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 6(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/6/9)
[^c23648541]: Words in [s. 437(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1A) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 18
[^c23648621]: [S. 437](https://www.legislation.gov.uk/ukpga/1988/1/section/437) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/2005/2014/regulation/14)
[^c23648561]: Words in [s. 437(1C)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C/b/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23648601]: Word at the end of s. 437(1C)(b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23648581]: [S. 437(1C)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/437/1C/d) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 178(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/178/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22772391]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/18/paragraph/1/5)
[^c22772401]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c22772411]: Source—1970 s.314(1); 1970(F) Sch.5 Part III 11(3), (6)(c)
[^c22772421]: Source—1970 s.314(2)
[^c22772441]: [S. 438(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/3AA) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 6(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/6/2)
[^c22772501]: 1990 s.45(9).
[^c22772511]: [S. 438(6B)-(6E)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/6B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 6(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/6/4)
[^c22772531]: Source—1987 (No.2) s.39(3)
[^c22788251]: Words in [s. 438(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/8) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/4/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22772541]: Words in [s. 438(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/8) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(21)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/21) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788391]: [S. 438(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/9) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22805151]: [S. 438](https://www.legislation.gov.uk/ukpga/1988/1/section/438) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [14](https://www.legislation.gov.uk/uksi/1998/1871/regulation/14) (and as substituted (22.8.2000) by [The Individual Savings Account (Insurance Companies) (Amendment) Regulations 2000 (S.I. 2000/2075)](https://www.legislation.gov.uk/uksi/2000/2075), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2075/regulation/1), [4](https://www.legislation.gov.uk/uksi/2000/2075/regulation/4))
[^c22800601]: [S. 438(3)(3AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/3/3AA) repealed (with effect in accordance with Sch. 3 para. 6(7) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22800821]: [S. 438(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/4) substituted (with effect in accordance with [Sch. 3 para. 6(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/7) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/3)
[^c22800631]: [S. 438(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/5) repealed (with effect in accordance with Sch. 3 para. 6(7)-(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/4/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note (with Sch. 3 para. 13(17))
[^c22800771]: [S. 438(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/5) repealed (with effect in accordance with Sch. 3 para. 6(7)(8), Sch. 8 Pt. 2(6) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/4/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6)
[^c22800781]: [S. 438(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/9) repealed (with effect in accordance with Sch. 3 para. 6(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 6(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/6/6), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22811361]: Words in [s. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(e)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/e)
[^c23653041]: [S. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [12](https://www.legislation.gov.uk/uksi/2004/2680/regulation/12); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23652951]: Words in [s. 438(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438/1) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/9/1/a)
[^c22772561]: 1990 s.41*and* Sch.6 para.7*on and after* 1*January* 1990*subject to the commencement provisions of* paras.11*and* 12.*Previously* “(1) This section applies where for any accounting period—(a) any division falls to be made between the pension business and any other kind of long-term business of an insurance company, and (b) any of the income or gains or losses of the company for that period relate to restricted government securities; and where this section applies section 431(3) shall have effect subject to the provisions of this section. (2) All income, gains or losses of the company which relate to restricted government securities shall be referred to its pension business. (3) Where the division of the other income, gains or losses of the company is made by reference to the liabilities at any time in the accounting period which are referable to pension business or to two or more kinds of business including pension business, those liabilities shall be treated as reduced by the appropriate amount. (4) In subsection (3) above “the appropriate amount” means—(a) in a case in which the total liabilities of the company at the time in question which are referable to long-term business are less than the market value at that time of the investments and deposits held by the company relating to all such business, such proportion of the market value of the restricted government securities held by the company at that time as those liabilities bear to the market value of those investments and deposits, and (b) in any other case, the market value of the restricted government securities at that time. (5) In this section— “long-term business” has the same meaning as in section 1(1) of the Insurance Companies Act 1982;”.
[^c22772571]: Source—1982 s.58(1), (3)
[^c22772581]: Source—1982 s.58(4)
[^c22772591]: Source—1982 s.58(5)
[^c22772601]: *Repealed by* 1990 s.132*and* Sch.19 Part IV.
[^c22772611]: Source—1982 s.58(6)
[^c22772621]: *Repealed by* 1990 s.132*and* Sch.19 Part IV.
[^c22789871]: Word at the end of s. 439B(3)(a) added (with effect in accordance with [Sch. 31 para. 10(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/10/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/2)
[^c22789891]: [S. 439B(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/3/b) repealed (with effect in accordance with Sch. 31 para. 10(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/1/b), [Sch. 41 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/23), Note
[^c22799881]: [S. 439B(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/7) repealed (with effect in accordance with Sch. 3 para. 7(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/7/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c23653111]: Words in [s. 439B(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/3/a) substituted (with effect in accordance with [Sch. 33 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/4/a)
[^c23653131]: Words in [s. 439B(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/3/a) repealed (with effect in accordance with Sch. 33 para. 1(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/4/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 1
[^c23653151]: Words in [s. 439B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/439B/6) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 9(1)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/9/1/b)
[^c22772631]: [Ss. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440), [440A](https://www.legislation.gov.uk/ukpga/1988/1/section/440A) substituted for s. 440 (1.1.1990) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 6 paras. 8](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/8), [11(2)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/11/2) (with [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1990/29/schedule/6/paragraph/12))
[^c22789381]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [reg 10C](https://www.legislation.gov.uk/uksi/1992/1655/regulation/10C) (as inserted (10.8.1995) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1995 (S.I. 1995/1916)](https://www.legislation.gov.uk/uksi/1995/1916), [regs. 1](https://www.legislation.gov.uk/uksi/1995/1916/regulation/1), [6](https://www.legislation.gov.uk/uksi/1995/1916/regulation/6))
[^c22772641]: [S. 440(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/1) excluded (25.7.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 6(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/6/4)
[^c22772661]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [regs. 4](https://www.legislation.gov.uk/uksi/1995/171/regulation/4), [5](https://www.legislation.gov.uk/uksi/1995/171/regulation/5) (as amended (19.3.1997) by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [regs. 1](https://www.legislation.gov.uk/uksi/1997/472/regulation/1), [3](https://www.legislation.gov.uk/uksi/1997/472/regulation/3))
[^c22772681]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(22)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/22/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788831]: Words in [s. 440(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 5(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/5/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788861]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/57/1) of the amending Act) by Finance Act 1995, Sch. 8 para. 5(3), s. 55(2)
[^c22772751]: Words in [s. 440(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(22)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/22/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788881]: [S. 440(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/6) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/3) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22794671]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [22](https://www.legislation.gov.uk/uksi/1997/473/regulation/22) (as amended by: [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [158(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/158/1), [165(2)(d)](https://www.legislation.gov.uk/uksi/2001/3629/article/165/2/d); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [18](https://www.legislation.gov.uk/uksi/2004/822/regulation/18))
[^c22794691]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/1997/473/regulation/23) (as amended by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [158(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/158/2)); and that modifying reg. 23 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 19](https://www.legislation.gov.uk/uksi/2004/822/regulation/19)
[^c22794871]: [S. 440(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2) modified (with effect in accordance with reg. 4A(3) of the modifying S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [reg. 4A(1)(2)(a)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4A/1/2/a) (as inserted (19.3.1997) by [The Friendly Societies (Taxation of Transfers of Business) (Amendment) Regulations 1997 (S.I. 1997/472)](https://www.legislation.gov.uk/uksi/1997/472), [regs. 1](https://www.legislation.gov.uk/uksi/1997/472/regulation/1), [4](https://www.legislation.gov.uk/uksi/1997/472/regulation/4))
[^c22790111]: [S. 440(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 25](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/25) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22794711]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) modified (20.3.1997 with effect in accordance with reg. 1(2) of the amending Regulations) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/1997/473/regulation/24), [25](https://www.legislation.gov.uk/uksi/1997/473/regulation/25); and that modifying reg. 25 is omitted (8.4.2004 with effect in accordance with regs. 1, 20(2) of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 20(1)](https://www.legislation.gov.uk/uksi/2004/822/regulation/20/1)
[^c22805171]: [S. 440(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [15](https://www.legislation.gov.uk/uksi/1998/1871/regulation/15)
[^c22812611]: [S. 440(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2/a) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 28(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 28(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/28/1)
[^c22811381]: Words in [s. 440(4)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/e) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(g)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/g)
[^c22813141]: [S. 440(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2B) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/5) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23653211]: [S. 440](https://www.legislation.gov.uk/ukpga/1988/1/section/440) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [16](https://www.legislation.gov.uk/uksi/2005/2014/regulation/16) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [16](https://www.legislation.gov.uk/uksi/2007/2134/regulation/16))
[^c23653171]: Words in [s. 440(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2A) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/52/3) of the amending Act (which is amended (retrospectively) by FA 2005 (c. 7), Sch. 4 para. 50, Sch. 11 Pt. 2(7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 43](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/43)
[^c23653191]: Words in [s. 440(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/2B) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/52/3) of the amending Act (which is amended (retrospectively) by FA 2005 (c. 7), Sch. 4 para. 50, Sch. 11 Pt. 2(7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 70](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/70)
[^c23653221]: [S. 440(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440/4/a) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [13](https://www.legislation.gov.uk/uksi/2004/2680/regulation/13); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22794751]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [26](https://www.legislation.gov.uk/uksi/1997/473/regulation/26), [27](https://www.legislation.gov.uk/uksi/1997/473/regulation/27); and that modifying reg. 27 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 21](https://www.legislation.gov.uk/uksi/2004/822/regulation/21)
[^c22788901]: [S. 440A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a) substituted for s. 440A(2)(a)(b) (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/6) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22772811]: *See* 1990 s.41*and* Sch.6 para.12(2)—subs.(d)*omitted for period* 1*January* 1990*to* 19*March* 1990*inclusive.*
[^c22772821]: *See* 1990 s.41*and* Sch.6 para.12(1), (3), (4), (6), (7)*and* (10)—*application and commencement provisions for* “1982 holdings” *and* “new holdings”.
[^c22772851]: *See* 1990 s.41*and* Sch.6 para.12(1), (3), (4), (6), (7)*and* (10)—*application and commencement provisions for* “1982 holdings” *and* “new holdings”.
[^c22772861]: Words in [s. 440A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(23)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/23/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22772871]: [S. 440A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(23)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/23/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22788931]: [S. 440A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/7) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 28(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/28/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22874781]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (31.7.1992 with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [14](https://www.legislation.gov.uk/uksi/1992/1655/regulation/14), [15](https://www.legislation.gov.uk/uksi/1992/1655/regulation/15) (as amended (31.12.1993 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/1993/3111/regulation/5))
[^c22874791]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (31.7.1992 with effect in accordance with reg. 1 of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1992 (S.I. 1992/1655)](https://www.legislation.gov.uk/uksi/1992/1655), [regs. 1](https://www.legislation.gov.uk/uksi/1992/1655/regulation/1), [16](https://www.legislation.gov.uk/uksi/1992/1655/regulation/16) (as substituted (31.12.1993 with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1993 (S.I. 1993/3111)](https://www.legislation.gov.uk/uksi/1993/3111), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1993/3111/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/1993/3111/regulation/10))
[^c22805191]: [S. 440A(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a/i) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [16](https://www.legislation.gov.uk/uksi/1998/1871/regulation/16)
[^c22802301]: Words in [s. 440A(3)(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/3/4/6) substituted (with effect in accordance with [s. 123(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/a)
[^c23653411]: [S. 440A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [17](https://www.legislation.gov.uk/uksi/2005/2014/regulation/17) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [17](https://www.legislation.gov.uk/uksi/2007/2134/regulation/17))
[^c23653421]: [S. 440A(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/a/i) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [14](https://www.legislation.gov.uk/uksi/2004/2680/regulation/14); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22811391]: Words in [s. 440A(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/440A/2/d) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(h)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/h)
[^c22790131]: [S. 440B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1A) inserted (with effect in accordance with [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/27/paragraph/5/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/27/paragraph/5/1)
[^c22799901]: [S. 440B(1A)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/1A/2) repealed (with effect in accordance with Sch. 3 para. 8(4)(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 8(2)(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/8/2/3), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22811401]: Words in [s. 440B(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/3/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/i)
[^c22811411]: Words in [s. 440B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/440B/4) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(g)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/g)
[^c22772901]: [Ss. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441), [441A](https://www.legislation.gov.uk/ukpga/1988/1/section/441A) substituted for s. 441 by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch.7 paras. 3](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/3), [10](https://www.legislation.gov.uk/ukpga/1990/29/schedule/7/paragraph/10)
[^c22788971]: Words in [s. 441(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/1) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 30](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/30), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22786221]: [S. 441(4)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/4/aa) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 16(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/16/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22788991]: [S. 441(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/7) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2 (with Sch. 8 para. 55(2))
[^c22794791]: [S. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441) modified (with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [28](https://www.legislation.gov.uk/uksi/1997/473/regulation/28) (as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [22](https://www.legislation.gov.uk/uksi/2004/822/regulation/22))
[^c22874931]: Word at the end of s. 441(4)(a) added (with effect in accordance with [Sch. 31 para. 10(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/10/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/2)
[^c22790161]: [S. 441(4)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/4/aa) repealed (with effect in accordance with Sch. 31 para. 10(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 31 para. 7(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/31/paragraph/7/1/c), [Sch. 41 Pt. 5(23)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/23), Note
[^c23653971]: [S. 441](https://www.legislation.gov.uk/ukpga/1988/1/section/441) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [18](https://www.legislation.gov.uk/uksi/2005/2014/regulation/18); and that modifying reg. 18 is omitted (14.8.2007 with effect in accordance with reg. 1(1)(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [reg. 18(a)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/18/a)
[^c23653941]: Words in [s. 441(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/1/2) repealed (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 12(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/12/3), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^c23653901]: Words in [s. 441(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/4/a) substituted (with effect in accordance with [Sch. 33 para. 1(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/4/a)
[^c23653921]: Words in [s. 441(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/441/4/a) repealed (with effect in accordance with Sch. 33 para. 1(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/1/4/b), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 1
[^c22802371]: [S. 441B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/441B/2A) inserted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 41](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/41) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c22773031]: Source—1977 s.45(1)—(4); 1979(C) Sch.7
[^c22773051]: [S. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) excluded by [Income and Corporation Taxes Act 1970 (c. 10)](https://www.legislation.gov.uk/ukpga/1970/10), [s. 269C(8)](https://www.legislation.gov.uk/ukpga/1970/10/section/269C/8) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s.48](https://www.legislation.gov.uk/ukpga/1992/48/section/48))
[^c22773071]: Words in [s. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(24)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/24) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22790191]: Words in [s. 442(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/3) repealed (with effect in accordance with [s. 164(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/164/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/24), Note
[^c23653981]: Words in [s. 442(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442/1) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c22789421]: [S. 442A](https://www.legislation.gov.uk/ukpga/1988/1/section/442A) restricted (28.7.1995 with effect in accordance with reg. 1 of the affecting S.I.) by [The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 (S.I. 1995/1730)](https://www.legislation.gov.uk/uksi/1995/1730), [regs. 9](https://www.legislation.gov.uk/uksi/1995/1730/regulation/9), [10](https://www.legislation.gov.uk/uksi/1995/1730/regulation/10)
[^c22794811]: [S. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [29](https://www.legislation.gov.uk/uksi/1997/473/regulation/29)
[^c23654091]: [S. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [19](https://www.legislation.gov.uk/uksi/2005/2014/regulation/19)
[^c23654031]: Words in [s. 442A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/1) substituted (with effect in accordance with [Sch. 33 para. 23(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/2)
[^c23654051]: [S. 442A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/3A) inserted (with effect in accordance with [Sch. 33 para. 23(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/3)
[^c23654071]: Words in [s. 442A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/442A/4) repealed (with effect in accordance with Sch. 33 para. 23(5) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 23(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/23/4), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 4
[^c22773131]: Source—1970 s.321(1)(b), (2)
[^c22773191]: Source—1970 s.322
[^c22794831]: [S. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/473/regulation/1/1), [30](https://www.legislation.gov.uk/uksi/1997/473/regulation/30) (as amended (1.12.2001) by [S.I. 2001/3629](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/b), [159](https://www.legislation.gov.uk/uksi/2001/3629/article/159)); and that modifying reg. 30 is omitted (8.4.2004 with effect in accordance with reg. 1 of the revoking S.I.) by virtue of [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [reg. 23](https://www.legislation.gov.uk/uksi/2004/822/regulation/23)
[^c22789101]: Words in [s. 444A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3/a) inserted (with effect in accordance with [Sch. 9 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/9/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 27(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/27/2) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22789081]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) inserted (with effect in accordance with [s. 53(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/53/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 9 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/9/paragraph/1/3/a)
[^c22789121]: Word in [s. 444A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3/b) substituted (with effect in accordance with [s. 53(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/53/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 9 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/9/paragraph/1/3/b)
[^c22786591]: [S. 444A(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3A) inserted (with effect in accordance with [Sch. 8 para. 53(1)(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/4) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22786611]: Words in [s. 444A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/5) substituted (with effect in accordance with [Sch. 8 para. 53(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/53/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 17(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/17/5) (with [Sch. 8 para. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55/2))
[^c22773261]: Words in [s. 444A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/8) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(25)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/25) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22811621]: [S. 444A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 29(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 29(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/29/1)
[^c22811421]: Words in [s. 444A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(h)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/h)
[^c23654131]: Words in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) inserted (with effect in accordance with [Sch. 33 para. 24(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 24(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/2)
[^c23654151]: [S. 444A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3ZA) inserted (with effect in accordance with [Sch. 33 para. 24(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 24(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/24/3)
[^c23654171]: Words in [s. 444A(3ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3ZA) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/1)
[^c23654191]: [S. 444A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/2) substituted (28.9.2004 with effect in accordance with art. 1 of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 19(2)
[^c23654211]: Words in [s. 444A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/4) substituted (28.9.2004 with effect in accordance with art. 1 of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 19(3)
[^c23654231]: Word in [s. 444A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444A/3) substituted (with effect in accordance with [Sch. 9 para. 19(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/19/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 19(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/19/2)
[^c22813021]: [S. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B) modified (with effect in accordance with regs. 21A(5), 21B(3) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [regs. 21A](https://www.legislation.gov.uk/uksi/1997/473/regulation/21A), [21B](https://www.legislation.gov.uk/uksi/1997/473/regulation/21B) (as inserted (1.1.2002) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2001 (S.I. 2001/3975)](https://www.legislation.gov.uk/uksi/2001/3975), [regs. 1](https://www.legislation.gov.uk/uksi/2001/3975/regulation/1), [6](https://www.legislation.gov.uk/uksi/2001/3975/regulation/6)) (and as amended by: [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1](https://www.legislation.gov.uk/uksi/2003/23/regulation/1), [7](https://www.legislation.gov.uk/uksi/2003/23/regulation/7); [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [16](https://www.legislation.gov.uk/uksi/2004/822/regulation/16), [17](https://www.legislation.gov.uk/uksi/2004/822/regulation/17))
[^c22811371]: Words in [s. 438B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/438B/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(f)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/f)
[^c23653101]: [S. 438B](https://www.legislation.gov.uk/ukpga/1988/1/section/438B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [15](https://www.legislation.gov.uk/uksi/2005/2014/regulation/15); and that modifying reg. 15 is omitted (14.8.2007 with effect in accordance with reg. 1(1)(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [reg. 15](https://www.legislation.gov.uk/uksi/2007/2134/regulation/15)
[^c23653071]: [S. 438B(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/438B/5/b) repealed (with effect in accordance with Sch. 33 para. 13(11) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(6)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/6/a), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12), Note 3
[^c23653051]: Words in [s. 438B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/438B/5) substituted (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(6)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/6/b)
[^c23662061]: [S. 444AA(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AA/7) inserted (with effect in accordance with [Sch. 9 para. 6(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/6/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 6(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/6/2)
[^c23680301]: [S. 444AB(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/5/a) substituted (with effect in accordance with [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/2)
[^c23680961]: [S. 444AB(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/6) inserted (with effect in accordance with [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 2(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/2/3)
[^c23680981]: Words in [s. 444AB(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AB/3) substituted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/4)
[^c23694081]: Words in [s. 444AC(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/3) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 5(2)(a)](https://www.legislation.gov.uk/uksi/2004/3266/article/5/2/a)
[^c23694111]: Words in [s. 444AC(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/3) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 5(2)(b)](https://www.legislation.gov.uk/uksi/2004/3266/article/5/2/b)
[^c23694141]: Words in [s. 444AC(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 5(3)](https://www.legislation.gov.uk/uksi/2004/3266/article/5/3)
[^c23694241]: [S. 444AC](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC) heading substituted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by virtue of [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/5)
[^c23694161]: Words in [s. 444AC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/b) substituted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/2/a)
[^c23694181]: Words in [s. 444AC(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2/b) inserted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/2/b)
[^c23694201]: [S. 444AC(2A)-(2E)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/2A) inserted (with effect in accordance with [Sch. 9 para. 7(6)(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/3)
[^c23694221]: [S. 444AC(4)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AC/4) inserted (with effect in accordance with [Sch. 9 para. 7(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 7(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/7/4)
[^c23694791]: [S. 444AD(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/4/a) substituted (with effect in accordance with [Sch. 7 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/4/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 4(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/4/1)
[^c23694811]: Words in [s. 444AD(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444AD/4/b) substituted (1.1.2005 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) Order 2004 (S.I. 2004/3266)](https://www.legislation.gov.uk/uksi/2004/3266), [art. 6(2)](https://www.legislation.gov.uk/uksi/2004/3266/article/6/2)
[^c23690371]: Words in [s. 444ABA(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/444ABA/3) substituted (with effect in accordance with [Sch. 9 para. 20(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 20(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/20/5)
[^c23642001]: [S. 436A](https://www.legislation.gov.uk/ukpga/1988/1/section/436A) modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 13A](https://www.legislation.gov.uk/uksi/2005/2014/regulation/13A) (as inserted (14.8.2007 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2007 (S.I. 2007/2134)](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [14](https://www.legislation.gov.uk/uksi/2007/2134/regulation/14))
[^c23642011]: [S. 436A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/436A/3): "83ZA" substituted for "83AB" (with effect in accordance with [Sch. 9 para. 17(2)(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/17/2/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 12](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/12); [S.I. 2008/379](https://www.legislation.gov.uk/uksi/2008/379), [art. 2](https://www.legislation.gov.uk/uksi/2008/379/article/2)
[^c23635411]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9)
[^c21604391]: [S. 458](https://www.legislation.gov.uk/ukpga/1988/1/section/458) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21604401]: Source—1970 s.324
[^c21604411]: Words in [s. 458(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/458/2) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)-(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3), [Sch. 15 para. 16](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/16)
[^c22804911]: [S. 458](https://www.legislation.gov.uk/ukpga/1988/1/section/458) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 1](https://www.legislation.gov.uk/uksi/1999/498/regulation/1), [3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [7](https://www.legislation.gov.uk/uksi/1999/498/regulation/7)
[^c22790211]: Words in [s. 458(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/458/1) inserted (with effect in accordance with [Sch. 33 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/33/paragraph/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 33 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/33/paragraph/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22800031]: Words in [s. 548(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/2) repealed (with effect in accordance with Sch. 6 para. 7(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58). Sch. 6 para. 7(1), Sch. 8 Pt. 2(11), Note
[^c22790231]: [S. 458(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/458/3) substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/1); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22812061]: [S. 458(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/458/3/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 31](https://www.legislation.gov.uk/uksi/2001/3629/article/31)
[^c21600311]: Definitions in Pt. XII Chapter I (ss. 431-458) applied by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 paras. 16(7)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/16/7), [18](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/18)
[^c21600321]: [Pt. XII Chapter I](https://www.legislation.gov.uk/ukpga/1988/1/part/XII) (ss. 431-458) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 212(7)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/212/7/b), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23594291]: [Pt. 12 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/1) modified (s. 431AB treated as inserted) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 7A](https://www.legislation.gov.uk/uksi/1997/473/regulation/7A) (as inserted (8.4.2004 with effect in accordance with reg. 1 of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2004 (S.I. 2004/822)](https://www.legislation.gov.uk/uksi/2004/822), [reg. 7](https://www.legislation.gov.uk/uksi/2004/822/regulation/7))
[^c22875571]: [S. 444BA](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) modified (23.12.1996 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Reserves) (Tax) Regulations 1996 (S.I. 1996/2991)](https://www.legislation.gov.uk/uksi/1996/2991), [regs. 4-12](https://www.legislation.gov.uk/uksi/1996/2991/regulation/4)
[^c22811681]: Words in [ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/1)
[^c22811641]: Words in [s. 444BA(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/10) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/3)
[^c22811661]: [S. 444BA(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/11) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/4)
[^c23710921]: Words in [s. 444BA(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA/11) substituted (with effect in accordance with [Sch. 9 para. 9(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/9/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 9 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/9/paragraph/9/2)
[^c22811781]: Words in [ss. 444BA-444BD](https://www.legislation.gov.uk/ukpga/1988/1/section/444BA) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/1)
[^c23711001]: Words in [s. 444BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BB/3/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c22798721]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22811831]: Words in [s. 444BC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BC/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/5)
[^c22811791]: Words in [s. 444BC(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BC/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/5)
[^c22811851]: [S. 444BD(2)(a)(i)-(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/2/a/i) substituted for s. 444BD(2)(a)(i)(ii) (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/7)
[^c22811871]: Words in [s. 444BD(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/7) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(8)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/8/a)
[^c22811891]: [S. 444BD(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/444BD/7): definition of "EC company" and preceding word repealed (1.12.2001 with effect in accordance with arts. 1(2)(a), 30(9) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 30(8)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/30/8/b)
[^c21604431]: Source—1970 s.331
[^c21604441]: Words in [s. 459](https://www.legislation.gov.uk/ukpga/1988/1/section/459) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.4](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23712981]: Words in [s. 460(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3/b) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 172(5)(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/172/5/6)
[^c23715871]: Words in [s. 460(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10A) inserted (retrospectively for specified purposes, and otherwise with effect in accordance with [Sch. 12 para. 6(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 1(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/2), [6(1)(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1/3)
[^c23715891]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (retrospectively) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 1(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/1/3), [6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1)
[^c21604881]: Source—1970 s.332(1). 1974 s.27(1)(a)
[^c21604891]: Words in [s. 460(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604901]: Source—1970 s.333(1)
[^c21604911]: Words in [s. 460(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/3/a); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604921]: [S. 460(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/aa) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/3/b); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21604931]: Source—1970 s.332(2)(aa); 1987 (No.2) Sch.2 2(1)
[^c21604941]: Source—1970 s.332(2)(a); 1984 s.73(2); 1987 s.30(2)
[^c21604951]: [S. 460(2)(ai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/ai) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/3)
[^c21604961]: Words in [s. 460(2)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/i) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/4)
[^c21604971]: 1990 s.49(1)(a) Previously £100
[^c21604981]: 1990 s.49(1)(b).
[^c21604991]: Words in [s. 460(2)(c)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/ia) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(5)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/5)
[^c21605001]: [S. 460(2)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/ca) and word "and" substituted for word "and" by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(6)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/6)
[^c21605011]: Source—1970 s.332(2)(b)
[^c21605021]: Source—1970 s.332(3); 1987 s.30(3)
[^c21605041]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(7)(a)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/7/a)
[^c21605051]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/7/b)
[^c21605061]: [S. 460(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4A/4B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 1(8)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/1/8)
[^c21605071]: Source—1970 s.332(4); 1975 (No.2) s.52(1); 1980 s.57(1)
[^c21605081]: Words in [s. 460(5)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/5) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605091]: Source—1970 s.332(5); 1975 (No.2) s.52(1); 1984 s.73(3)
[^c21605111]: Source—1970 s.332(6)—(9); 1975 (No.2) s.52(1)
[^c21605181]: 1990 s. 48 and Sch. 9 para. 6 in relation to transfers of business on or after 1 January 1990
[^c21605201]: Source—1970 s.332(10); 1976 s.48(1)
[^c21605211]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 5(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/5/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605251]: Source—1970 s.332(12)(a); 1976 s.48(1)
[^c22805211]: [S. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) modified (6.4.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 31](https://www.legislation.gov.uk/uksi/1997/473/regulation/31) (as inserted by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [25(5)](https://www.legislation.gov.uk/uksi/1998/1871/regulation/25/5))
[^c22765081]: [S. 460(2)(c)(zai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/zai) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/2)
[^c22765101]: Words in [s. 460(2)(c)(ai)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/c/ai) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/3)
[^c22765121]: Words in [s. 460(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/3) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/4)
[^c22765151]: Words in [s. 460(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4A) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/5)
[^c22765171]: Words in [s. 460(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/4B) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 1(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/1/6)
[^c22808971]: [S. 460(2)(cb)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2/cb) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 8(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/8/1)
[^c23712991]: [S. 460(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/2) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/2005/2014/regulation/20); and that modifying reg. 20 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [18(b)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/18/b)
[^c22812121]: Words in [s. 460(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10A) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 32(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/2)
[^c22812141]: [S. 460(10B)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/10B) inserted (1.12.2001 with effect in accordance with arts. 1(2)(a), 32(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/3)
[^c22812191]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/4/a)
[^c22812201]: Words in [s. 460(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/460/11) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 32(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/32/4/b)
[^c21605651]: Source—1970 s.332(1); 1974 s.27(1)(a)
[^c21605661]: Source—1974 s.27(2)
[^c21605671]: Source—1974 s.27(1)(b)
[^c21605681]: Source—1970 s.332(11), (12)(b); 1976 s.48(1)
[^c21605701]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/6); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605711]: Source—1974 s.27(3)—(7); 1985 s.41(10); 1987 Sch.15 6
[^c22808991]: [S. 461(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/3A) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch 25 para. 8(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/8/2)
[^c22812241]: Words in [s. 461(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/2/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/2/a)
[^c22812281]: Word in [s. 461(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/2/b)
[^c22812321]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/3/a)
[^c22886541]: Words in [s. 461(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/4/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/3/b)
[^c22812351]: Words in [s. 461(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/6/a/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2110/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/4/a)
[^c22812381]: Words in [s. 461(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/6) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/4/b)
[^c22812401]: [S. 461(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/7) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/5)
[^c22812421]: [S. 461(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/461/11) added (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 33(6)](https://www.legislation.gov.uk/uksi/2001/3629/article/33/6)
[^c21605871]: Source—1970 s.334(1); 1985 s.41(6)
[^c21605881]: Source—1970 s.336; 1985 Sch.10 Part II
[^c21605891]: Words in [s. 462(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/2/a) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9) par. 8(2) [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21605901]: Words in [s. 462(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/462/3) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 8(3) S.I](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/8/3/section/I). 1993/236, art.2
[^c21605981]: *See* 1990 s.50(1)—s.463*was renumbered as* s.463(1).
[^c21605991]: *For regulations see* Part III Vol.5 (*under* “*Friendly Societies*”).
[^c21606001]: Source—1970 s.335(1)
[^c21606011]: Words in [s. 463(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.10](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/10); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606021]: 1990 s.50(2).
[^c22790281]: Words in [s. 463(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1) inserted (with effect in accordance with [s. 171(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/5)
[^c22811431]: Words in [s. 463(1)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/463/1/2/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/i)
[^c21606281]: [S. 464](https://www.legislation.gov.uk/ukpga/1988/1/section/464): power to amend conferred (7.2.1994) by [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48), [ss. 162](https://www.legislation.gov.uk/ukpga/1993/48/section/162), [193(2)(3)](https://www.legislation.gov.uk/ukpga/1993/48/section/193/2/3) (with [ss. 6(8)](https://www.legislation.gov.uk/ukpga/1993/48/section/6/8), [164](https://www.legislation.gov.uk/ukpga/1993/48/section/164)); [S. I. 1994/86](https://www.legislation.gov.uk/uksi/1994/86), [art. 2](https://www.legislation.gov.uk/uksi/1994/86/article/2)
[^c21606291]: Source—FSA 1974 s.64(1), (2), (2A), (6); 1985 s.41(1), (2); 1984 s.73(5), (6); 1976/598; FSA 1984 s.2; 1987 s.30(4), (5), (7)
[^c21606301]: Words in [s. 464(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/1/3) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/2); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606321]: 1990 s.49(3), (4) Previously "Kingdom) contracts under which the total premiums payable in any period of 12 months exceed £100 unless all those contracts were entered into before 1st September 1987" and "limit" respectively
[^c21606331]: [S. 464(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/za) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/2)
[^c21606341]: Words in [s. 464(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/a) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/3)
[^c21606361]: [S. 464(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A/4B) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 50](https://www.legislation.gov.uk/ukpga/1991/31/section/50), [Sch. 9 para. 3(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/9/paragraph/3/4)
[^c21606371]: Words in [s. 464(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/5/b) substituted (7.2.1994) by [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48), [ss. 190](https://www.legislation.gov.uk/ukpga/1993/48/section/190), [193(2)(3)](https://www.legislation.gov.uk/ukpga/1993/48/section/193/2/3), [Sch. 8 para. 20(1)](https://www.legislation.gov.uk/ukpga/1993/48/schedule/8/paragraph/20/1) (with [ss. 6(8)](https://www.legislation.gov.uk/ukpga/1993/48/section/6/8), [164](https://www.legislation.gov.uk/ukpga/1993/48/section/164)); [S.I. 1994/86](https://www.legislation.gov.uk/uksi/1994/86), [art. 2](https://www.legislation.gov.uk/uksi/1994/86/article/2)
[^c21606381]: [1969 c. 19](https://www.legislation.gov.uk/ukpga/1969/19).
[^c21606391]: Words in [s. 464(5)(d)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/5/d/ii) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606401]: Words in [s. 464(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/7) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 11(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/11/4); [S. I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22765201]: [S. 464(3)(zza)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/zza) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/2)
[^c22765221]: Words in [s. 464(3)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/3/za) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/3)
[^c22765241]: Words in [s. 464(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4A) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/4)
[^c22765261]: Words in [s. 464(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/464/4B) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 10 para. 2(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/10/paragraph/2/5)
[^c21606451]: Source—1985 Sch.10 Part III
[^c21606461]: Words in [s. 465(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/465/3) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 7
[^c21606471]: [S. 465(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/465/6) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.12](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/12) ; [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c23718191]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): word in definition of "tax exempt life or endowment business" substituted (retrospectively) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 12 paras. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/3), [6(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/12/paragraph/6/1)
[^c21606641]: Definitions in s. 466(2) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/4); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606651]: Definition in s. 466(2) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/5); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606661]: Definitions in s. 466(2) inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(6)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/6); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606671]: Definition of “registrar” in s. 466(2) repealed (1.1.1994) by [Friendly Societies Act 1992 (c. 40)](https://www.legislation.gov.uk/ukpga/1992/40), [s. 120(2)](https://www.legislation.gov.uk/ukpga/1992/40/section/120/2), [Sch. 22 Pt. I](https://www.legislation.gov.uk/ukpga/1992/40/schedule/22/part/I); [S.I. 1993/2213](https://www.legislation.gov.uk/uksi/1993/2213), [Sch.6](https://www.legislation.gov.uk/uksi/1993/2213/schedule/6) APPENDIX
[^c21606681]: Words in [s. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(7)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/7); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21606691]: Source—1970 s.337(4); 1985 s.41(7)(e)
[^c21606701]: Words in [s. 466(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/3) substituted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14)(8; [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2))
[^c21606711]: [S. 466(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/5) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 14(9)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/14/9); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22790301]: [S. 466(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1) substituted for s. 466(1) (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/1)
[^c22805251]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [17](https://www.legislation.gov.uk/uksi/1998/1871/regulation/17)
[^c22790321]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "insurance company" inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/2/a)
[^c22790341]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): definition of "long term business" inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 171(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/171/2/b)
[^c22812631]: Words in [s. 466(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 37(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/37/a)
[^c22812651]: Words in [s. 466(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1/d) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 37(b)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/37/b/i)
[^c22812671]: Words in [s. 466(1)(d)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/1/d/ii) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 37(b)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/37/b/ii)
[^c23718211]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [15](https://www.legislation.gov.uk/uksi/2004/2680/regulation/15); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c22811461]: [S. 466(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/466/2): word in definition of "long term business" substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2000/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(j)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/j)
[^c21605931]: [S. 462A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/462A/9) added (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.9](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/9); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c22812441]: Word in [s. 461A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461A/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 34(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/34/2)
[^c22812461]: [S. 461A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/461A/4) added (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 34(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/34/3)
[^c22809011]: [S. 461B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/2A) inserted (6.4.2001) by Finance Act 2001 (s. 9), s. 76, Sch. 25 para. 8(3)
[^c22812481]: Word in [s. 461B(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/461B/4/b) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 35](https://www.legislation.gov.uk/uksi/2001/3629/article/35)
[^c22811521]: Words in [s. 461C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/2/a)
[^c22811541]: Word in [s. 461C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/1) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/2/b)
[^c22811561]: Words in [s. 461C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/2) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/3/a)
[^c22811581]: Word in [s. 461C(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/2/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/3/b)
[^c22811471]: Words in [s. 461C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(4)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/4/a)
[^c22811501]: Words in [s. 461C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 36(4)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/4/b)
[^c22811601]: [S. 461C(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/461C/4/5) substituted for s. 461C(4)-(7) (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 36(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/36/5)
[^c21607151]: Source—1970 s.338(1)—(3); 1982 s.36(1); 1974 s.28(1)(b); 1987 s.31
[^c21607161]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(2)(a)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/2/a),(6)
[^c21607171]: Words in [s. 467(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/1) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(2)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/2/b),(6)
[^c21607181]: *See* 1970 s.338*for amounts applicable in earlier years.*
[^c21607191]: 1988(F) s.35*and* Sch.3 para.17*for chargeable period beginning on or after* 6*April* 1990.*Previously* “wife”.
[^c21607211]: Words in [s. 467(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(3)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/3/6)
[^c21607221]: [S. 467(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/3A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/4)
[^c21607231]: *See* [Employment Protection Act 1975 (c.71)](https://www.legislation.gov.uk/ukpga/1975/71) ss.7, 125(1)*and* Sch.16 Part III para.1—*list now maintained by the Certification Officer.*
[^c21607241]: Source—1974 s.28(1)(a)
[^c21607251]: Words in [s. 467(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/a/b) substituted (*retrospectively*) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 74(5)(a)](https://www.legislation.gov.uk/ukpga/1991/31/section/74/5/a),(7)
[^c21607261]: Words in [s. 467(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/a) substituted (16.10.1992) by [Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52)](https://www.legislation.gov.uk/ukpga/1992/52), [ss. 300(2)](https://www.legislation.gov.uk/ukpga/1992/52/section/300/2), [302](https://www.legislation.gov.uk/ukpga/1992/52/section/302), [Sch. 2 para. 37(a)](https://www.legislation.gov.uk/ukpga/1992/52/schedule/2/paragraph/37/a)
[^c21607291]: Words in [s. 467(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/b) substituted (16.10.1992) by [Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52)](https://www.legislation.gov.uk/ukpga/1992/52), [ss. 300(2)](https://www.legislation.gov.uk/ukpga/1992/52/section/300/2), [302](https://www.legislation.gov.uk/ukpga/1992/52/section/302), [Sch. 2 para. 37(b)](https://www.legislation.gov.uk/ukpga/1992/52/schedule/2/paragraph/37/b)
[^c21607301]: [S. 467(4)(ba)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/4/ba/bb) substituted (1.7.1992) for s. 467(4)(ba) by [S.I. 1992/808](https://www.legislation.gov.uk/uksi/1992/808), [art. 2](https://www.legislation.gov.uk/uksi/1992/808/article/2); [S.R. 1992/212](https://www.legislation.gov.uk/nisr/1992/212), [art. 2(2)(a)](https://www.legislation.gov.uk/nisr/1992/212/article/2/2/a)
[^c21607311]: Source—1977 s.47
[^c23718681]: Words in [s. 467(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/467/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [74](https://www.legislation.gov.uk/uksi/2005/3229/regulation/74)
[^c21607361]: Source—1970 ss.354, 358; 1980 s.60; 1987 s.38, 40(1); 1987 (No.2) s.40(1)
[^c21607371]: Words in [s. 468(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/3) substituted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 32(3)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/32/3/4)
[^c21607391]: *Definition employed for the purposes of* s.46(7)—*insurance companies: annual deemed disposal of holdings of unit trusts etc.*
[^c22753271]: Words in [s. 468(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1) inserted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/2)
[^c22753241]: [S. 468(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/2) repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/3), [Sch. 25 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/part/5/13), Note
[^c22753291]: Words in [s. 468(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/3) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/4)
[^c22753311]: Words in [s. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6) inserted (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/1)
[^c22753251]: [S. 468(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6): definition of "distribution period" repealed (with effect in accordance with Sch. 14 para. 7 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 3(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/3/5), [Sch. 26 Pt. 5(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/13), Note
[^c22753331]: [S. 468(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/7) added (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/2)
[^c22795581]: [S. 468](https://www.legislation.gov.uk/ukpga/1988/1/section/468) modified (28.4.1997) by The Open-ended Investment Companies (Tax) Regulations 1997 (S.I 1997/1154), regs. 1, 9, 10 (as amended (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 166](https://www.legislation.gov.uk/uksi/2001/3629/article/166))
[^c22790421]: [S. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) inserted (with effect in accordance with Sch. 6 paras. 10(2), 28 of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 10(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/10/1)
[^c22804741]: Words in [s. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) inserted (with effect in accordance with [s. 28(6)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/6) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 28(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/28/3)
[^c22812931]: Words in [s. 468(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/6/8) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8), [s. 431(2)](https://www.legislation.gov.uk/ukpga/2000/8/section/431/2), [Sch. 20 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/8/schedule/20/paragraph/4/3); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c23718881]: Words in [s. 468(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) substituted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 28(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/28/3)
[^c23718901]: [S. 468(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/5) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 52](https://www.legislation.gov.uk/ukpga/1990/29/section/52), [Sch. 19 Pt. 4](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19/part/4), Note 7
[^c23718921]: [S. 468(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/4) repealed (28.9.2004 with effect in accordance with art. 1(2) of the repealing S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 20
[^c21607811]: Source—1977 s.46; 1979(C) Sch.7
[^c21607821]: Words in 473(2)(5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21607861]: Words in [s. 473(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21607891]: Words in [s. 473(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(27)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/27/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22791881]: [S. 473(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/5) repealed (with effect in accordance with s. 164(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/24), Note
[^c22801601]: Words in [s. 473(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2) repealed (with effect in accordance with s. 101(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(23)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/23), Note 1
[^c22813241]: Words in [s. 473(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2) repealed (with effect in accordance with s. 67(4)(a) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/a), [Sch. 40 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/8), Note
[^c22813261]: Words in [s. 473(2)(a)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2/a/7) substituted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/b)
[^c22813291]: Word in [s. 473(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2/b) substituted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(1)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/1/c)
[^c22813311]: [S. 473(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/2A/2B) inserted (with effect in accordance with [s. 67(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/4/a) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 67(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/67/2)
[^c22813331]: Words in [s. 473(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/6) substituted (with effect in accordance with [Sch. 9 para. 8(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/8/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/4)
[^c23722001]: Words in [s. 473(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/473/1/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 183](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/183) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22765351]: Words in [s. 475(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/2/a) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 25(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/25/1/b), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22792021]: [S. 475(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/1) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 3(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/3/1)
[^c22792071]: [S. 475(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/2/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 27(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/27/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792041]: Words in [s. 475(3)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/3/8) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/3/2)
[^c22792091]: Words in [s. 475(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/4) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 27(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/27/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22791951]: Words in [s. 475(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/5) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22791971]: [S. 475(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/6/7) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22792001]: Words in [s. 475(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/475/8) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c23721961]: Word in [s. 472A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/472A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 182(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/182/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721981]: Word in [s. 472A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/472A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 182(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/182/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22800081]: [S. 468(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/5) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/1/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22803891]: Words in [s. 468H(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/468H/6) substituted (with effect in accordance with s. 36, [Sch. 6 para. 8(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/9) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/1/b)
[^c22795641]: [S. 468I](https://www.legislation.gov.uk/ukpga/1988/1/section/468I) modified (28.4.1997) by The Open-ended [Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1), [9](https://www.legislation.gov.uk/uksi/1997/1154/regulation/9), [12](https://www.legislation.gov.uk/uksi/1997/1154/regulation/12)
[^c22800091]: Words in [s. 468I(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/468I/2) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/2/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800111]: [Ss. 468I(3)(5)(5A)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/468I/3/5/5A/7) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/2/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22794101]: [S. 468I(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468I/5A) inserted (with effect in accordance with [Sch. 7 para. 11(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/11/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 11(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/11/1)
[^c22800161]: Words in [s. 468J(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468J/1) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/3/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800191]: Words in [s. 468J(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/468J/2) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/3/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800211]: [S. 468J(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468J/3) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/3/c), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23719191]: Words in [s. 468J(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/468J/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 179(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/179/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23719211]: Words in [s. 468J(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/468J/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 179(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/179/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22790591]: [S. 468L(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468L/1A) inserted (with effect in accordance with [Sch. 6 para. 11(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/11/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 11(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/11/1)
[^c22790401]: Words in [s. 468L(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/468L/5) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14), [para. 26](https://www.legislation.gov.uk/ukpga/1996/8/paragraph/26) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22790611]: [S. 468L(8)-(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/468L/8) inserted (with effect in accordance with [Sch. 6 para. 11(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/11/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 10 para. 11(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/11/2)
[^c22795651]: [S. 468L](https://www.legislation.gov.uk/ukpga/1988/1/section/468L) modified (28.4.1997) by The Open-ended [Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1), [9](https://www.legislation.gov.uk/uksi/1997/1154/regulation/9), [13](https://www.legislation.gov.uk/uksi/1997/1154/regulation/13)
[^c22793911]: [S. 468L(9)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/468L/9/e) added (25.2.1997) by [The Authorised Unit Trusts (Interest Distributions) (Qualifying Investments) Order 1997 (S.I. 1997/212)](https://www.legislation.gov.uk/uksi/1997/212), [art. 3](https://www.legislation.gov.uk/uksi/1997/212/article/3)
[^c22793931]: [S. 468L(12A)-(12G)](https://www.legislation.gov.uk/ukpga/1988/1/section/468L/12A) inserted (25.2.1997) by [The Authorised Unit Trusts (Interest Distributions) (Qualifying Investments) Order 1997 (S.I. 1997/212)](https://www.legislation.gov.uk/uksi/1997/212), [art. 4](https://www.legislation.gov.uk/uksi/1997/212/article/4)
[^c22812691]: Words in [s. 468L(12C)](https://www.legislation.gov.uk/ukpga/1988/1/section/468L/12C) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 38(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/38/2/a)
[^c22812711]: Words in [s. 468L(12C)](https://www.legislation.gov.uk/ukpga/1988/1/section/468L/12C) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 38(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/38/2/b)
[^c22812731]: Words in [s. 468L(12F)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/468L/12F/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 38(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/38/3/a)
[^c22812751]: Words in [s. 468L(12F)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/468L/12F/c) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 38(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/38/3/b)
[^c22813181]: [S. 468L(9)(f)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/468L/9/f/g) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 7(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/7/2) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22813201]: Words in [s. 468L(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/468L/11) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 7(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/7/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22813221]: [S. 468L(12H)](https://www.legislation.gov.uk/ukpga/1988/1/section/468L/12H) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 7(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/7/4) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23719231]: Words in [s. 468L(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/468L/4) substituted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/2)
[^c23719601]: Words in [s. 468L(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/468L/6/a) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 21
[^c23719621]: Words in [s. 468L(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468L/1A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 180(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/180/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23719641]: Words in [s. 468L(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/468L/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 180(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/180/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23719661]: Words in [s. 468L(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468L/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 180(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/180/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23719681]: [S. 468L(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/468L/9/a) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 4](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/4)
[^c23719551]: [Ss. 468M](https://www.legislation.gov.uk/ukpga/1988/1/section/468M), [468O](https://www.legislation.gov.uk/ukpga/1988/1/section/468O), [468PA](https://www.legislation.gov.uk/ukpga/1988/1/section/468PA) applied (with modifications) (7.8.2003 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Income Tax (Authorised Unit Trusts) (Interest Distributions) Regulations 2003 (S.I. 2003/1830)](https://www.legislation.gov.uk/uksi/2003/1830), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2003/1830/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/2003/1830/regulation/7)
[^c23719521]: [S. 468M(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/468M/1/a) applied (with modifications) (7.8.2003 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Income Tax (Authorised Unit Trusts) (Interest Distributions) Regulations 2003 (S.I. 2003/1830)](https://www.legislation.gov.uk/uksi/2003/1830), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2003/1830/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2003/1830/regulation/3), [4](https://www.legislation.gov.uk/uksi/2003/1830/regulation/4)
[^c22886781]: [Ss. 468O](https://www.legislation.gov.uk/ukpga/1988/1/section/468O), [468P](https://www.legislation.gov.uk/ukpga/1988/1/section/468P) applied (with modifications) (27.9.1994) by [The Income Tax (Authorised Unit Trusts) (Interest Distributions) Regulations 1994 (S.I. 1994/2318)](https://www.legislation.gov.uk/uksi/1994/2318), [regs. 1](https://www.legislation.gov.uk/uksi/1994/2318/regulation/1), [3-6](https://www.legislation.gov.uk/uksi/1994/2318/regulation/3)
[^c23719531]: [S. 468O](https://www.legislation.gov.uk/ukpga/1988/1/section/468O) applied (with modifications) (7.8.2003 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Income Tax (Authorised Unit Trusts) (Interest Distributions) Regulations 2003 (S.I. 2003/1830)](https://www.legislation.gov.uk/uksi/2003/1830), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2003/1830/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2003/1830/regulation/3), [5](https://www.legislation.gov.uk/uksi/2003/1830/regulation/5)
[^c23719561]: [Ss. 468M](https://www.legislation.gov.uk/ukpga/1988/1/section/468M), [468O](https://www.legislation.gov.uk/ukpga/1988/1/section/468O), [468PA](https://www.legislation.gov.uk/ukpga/1988/1/section/468PA) applied (with modifications) (7.8.2003 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Income Tax (Authorised Unit Trusts) (Interest Distributions) Regulations 2003 (S.I. 2003/1830)](https://www.legislation.gov.uk/uksi/2003/1830), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2003/1830/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/2003/1830/regulation/7)
[^c23719271]: Words in [s. 468O(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468O/1) substituted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/5)
[^c23719291]: [S. 468(1A)-(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/468/1A) inserted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/6)
[^c23719391]: [S. 468O(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/468O/2) repealed (with effect in accordance with Sch. 43 Pt. 5(3) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/5/3)
[^c22886791]: [Ss. 468O](https://www.legislation.gov.uk/ukpga/1988/1/section/468O), [468P](https://www.legislation.gov.uk/ukpga/1988/1/section/468P) applied (with modifications) (27.9.1994) by [The Income Tax (Authorised Unit Trusts) (Interest Distributions) Regulations 1994 (S.I. 1994/2318)](https://www.legislation.gov.uk/uksi/1994/2318), [regs. 1](https://www.legislation.gov.uk/uksi/1994/2318/regulation/1), [3-6](https://www.legislation.gov.uk/uksi/1994/2318/regulation/3)
[^c23719541]: [S. 468P](https://www.legislation.gov.uk/ukpga/1988/1/section/468P) applied (with modifications) (7.8.2003 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Income Tax (Authorised Unit Trusts) (Interest Distributions) Regulations 2003 (S.I. 2003/1830)](https://www.legislation.gov.uk/uksi/2003/1830), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2003/1830/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2003/1830/regulation/3), [6](https://www.legislation.gov.uk/uksi/2003/1830/regulation/6)
[^c23719331]: Words in [s. 468P(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/468P/1) substituted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(8)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/8/a)
[^c23719351]: Words in [s. 468P(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/468P/1/c) substituted (with effect in accordance with [s. 203(14)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/14) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 203(8)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/203/8/b)
[^c23719431]: [S. 468P(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/468P/4) repealed (with effect in accordance with Sch. 43 Pt. 5(3) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/5/3)
[^c23719451]: Words in [s. 468P(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/468P/5) repealed (with effect in accordance with Sch. 43 Pt. 5(3) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/5/3)
[^c23719491]: [S. 468P(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/468P/8/9) repealed (with effect in accordance with Sch. 43 Pt. 5(3) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/5/3)
[^c23719591]: [Ss. 468M](https://www.legislation.gov.uk/ukpga/1988/1/section/468M), [468O](https://www.legislation.gov.uk/ukpga/1988/1/section/468O), [468PA](https://www.legislation.gov.uk/ukpga/1988/1/section/468PA) applied (with modifications) (7.8.2003 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Income Tax (Authorised Unit Trusts) (Interest Distributions) Regulations 2003 (S.I. 2003/1830)](https://www.legislation.gov.uk/uksi/2003/1830), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2003/1830/regulation/1/1), [7](https://www.legislation.gov.uk/uksi/2003/1830/regulation/7)
[^c22800271]: Words in [s. 468Q(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/468Q/2/a) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(6)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/6/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800291]: Words in [s. 468Q(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468Q/3) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(6)(b)(ii)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/6/b/ii), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800311]: [S. 468Q(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/468Q/4) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 8(6)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/8/6/c), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22802391]: Words in [s. 468Q(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468Q/3) substituted (with effect in accordance with [Sch. 3 para. 27(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/27/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 27(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/27/2/a)
[^c22802411]: Words in [s. 468Q(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/468Q/3) substituted (with effect in accordance with [Sch. 3 para. 27(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/27/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 27(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/27/2/b)
[^c22802431]: [S. 468Q(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/468Q/3A) inserted (with effect in accordance with [Sch. 3 para. 27(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/27/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 27(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/27/3)
[^c22802451]: [S. 468Q(5A)-(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/468Q/5A) inserted (with effect in accordance with [Sch. 3 para. 27(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/27/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 27(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/27/4)
[^c22791661]: [S. 469](https://www.legislation.gov.uk/ukpga/1988/1/section/469) extended (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 22(1)(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/22/1/2)
[^c22794141]: Source—1970 s.354A; 1987 s.39; 1987 (No.2) s.40(1)
[^c22794151]: Words in [s. 469(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1/a) substituted (with effect in accordance with [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/3/a)
[^c22794161]: [S. 469(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1/b) and preceding word repealed (with effect in accordance with Sch. 41 Pt. 5(1) Note 2 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1)
[^c22794181]: Words in [s. 469(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/12)
[^c22794191]: Words in [s. 469(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/3) repealed (with effect in accordance with Sch. 41 Pt. 5(1) Note 2 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/1)
[^c22794201]: [S. 469(5A)-(5D)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/5A) inserted by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 71](https://www.legislation.gov.uk/ukpga/1988/39/section/71)
[^c22794211]: Words in [s. 469(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/6) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/5)
[^c22794221]: [S. 469(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/6A) inserted (with effect in accordance with s. [s. 113(4)-(11)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 113(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/113/3/b)
[^c22794231]: For regulations see Part III Vol. 5
[^c22794251]: Words in [s. 469(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/9) inserted (with effect in accordance with [s. 80(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/80/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/5)
[^c22801201]: Words in [s. 469(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2) substituted (with effect in accordance with [Sch. 4 para. 12(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 12(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/2)
[^c22801241]: [S. 469(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2A/2B) inserted (with effect in accordance with [Sch. 4 para. 12(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 12(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/3)
[^c22801261]: Words in [s. 469(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/9) inserted (with effect in accordance with [Sch. 4 para. 12(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 12(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/12/4)
[^c22809831]: Words in [s. 469(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/7) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8), [s. 431(2)](https://www.legislation.gov.uk/ukpga/2000/8/section/431/2), [Sch. 20 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/8/schedule/20/paragraph/4/4); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c23721401]: Words in [s. 469(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721421]: [S. 469(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/2B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721461]: Words in [s. 469(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721481]: Words in [s. 469(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23721441]: Words in [s. 469(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 181(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/181/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22803991]: [1982 c.53](https://www.legislation.gov.uk/ukpga/1982/53).
[^c23721321]: Words in [s. 469A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/1/c) substituted (with effect in accordance with [s. 183(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 183(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/2)
[^c23721341]: [S. 469A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/1A) inserted (with effect in accordance with [s. 183(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 183(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/183/3)
[^c23721361]: Words in [s. 469A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/2) repealed (with effect in accordance with Sch. 43 Pt. 3(17) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/17)
[^c23721381]: [S. 469A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/469A/3) repealed (with effect in accordance with Sch. 43 Pt. 3(17) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/17)
[^c21608291]: *See* 1990 Sch.5 para.16(1), (2), (3)—*regulations may also require building societies to account for tax on transitional sums.*
[^c21608301]: [S. 477A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/2/2)
[^c21608311]: Words in [s. 477A(1A)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1A/3A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 3(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/3/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c21608341]: [S. 477A(3A)-(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(2)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/2/3)
[^c21608361]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 2(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/2/3)
[^c21608371]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definition of "qualifying deposit right" inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/3/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c22792111]: Word in [s. 477A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/1A) substituted (with effect in accordance with [Sch. 38 para. 6(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/7) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(g)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/g)
[^c22792121]: [S. 477A(3)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/a/aa) substituted for s. 477A(3)(a) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 28(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/28/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21608331]: *See* 1990 Sch.5 para.16(1), (4), (5)—*for the year* 1991-92,*the words from* “actual” *to the end of the paragraph are replaced by* “appropriate amount”;*and the following subs. is inserted after* subs.(3):— “(3A) In subsection (3)(a) above the reference to the appropriate amount is to the actual amount paid or credited in the accounting period of any such dividends or interest together with—(a) in the case of dividends or interest paid or credited in the year 1990-91, any amount accounted for and paid by the society in respect thereof as representing income tax, and (b) in the case of dividends or interest paid or credited in the year 1991-92, any amount of income tax accounted for and paid by the society in respect thereof.”
[^c22792141]: [S. 477(3A)-(3C)](https://www.legislation.gov.uk/ukpga/1988/1/section/477/3A) repealed with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 28(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/28/2), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note (with Sch. 15)
[^c22804151]: [S. 477(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/477/8) repealed (with effect in accordance with s. 38(3)(4) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 4
[^c22807981]: [S. 477A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/2A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/4)
[^c22813351]: Words in [s. 477A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 47(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/47/2)
[^c22813371]: Words in [s. 477A(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/3/aa) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 47(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/47/3)
[^c23722331]: [S. 477A](https://www.legislation.gov.uk/ukpga/1988/1/section/477A) applied (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2) para,. 5
[^c23722221]: Words in [s. 477A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722241]: Words in [s. 477A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722281]: [S. 477A(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/5/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722311]: Words in [s. 477A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/9) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23722261]: [S. 477A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/477A/10): definition of "certified SAYE savings arrangement" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 184(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/184/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723841]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 6](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/6)
[^c21608521]: *See* S.I. [1990 No. 2232](https://www.legislation.gov.uk/ukcm/1990/2232).
[^c23723851]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 6](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/6)
[^c21608861]: 1990 s. 30 and Sch. 5 para. 8(2)
[^c21608881]: 1990 s. 30 and Sch. 5 para. 8(3) as regards interest paid or credited on or after 6 April 1991
[^c21608931]: Source—1984 Sch.8 3(1)-(3); 1985 s.38(3), (4)
[^c21608941]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21608951]: Words in [s. 481(5)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/f) substituted (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 183(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/183/2), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21608961]: [S. 481(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 4](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/4), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6)
[^c21608971]: Source—1984 Sch.8 3A(1); 1985 s.38(7)
[^c21608981]: 1990 s. 30 and Sch. 5 para. 8(4)
[^c22765401]: [S. 481(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/4/d) and word inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/1) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765441]: Words in [s. 481(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/4) substituted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/1) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765421]: [S. 481(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/4A) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/2) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765541]: Word in [s. 481(5)(k)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/k) repealed (with effect in accordance with s. 86(10) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/3/a), [Sch. 29 Pt. 8(11)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/11), Note
[^c22765461]: Words in [s. 481(5)(k)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/k/i) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/3/b) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765481]: Word in s. s. 481(5)(k)(ii) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(3)(c)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/3/c) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765501]: [S. 481(5)(k)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/k/iii) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(3)(d)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/3/d) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765521]: [S. 481(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5B) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/4) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22794261]: Words in [s. 481(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/4A) repealed (with effect in accordance with Sch. 7 para. 12(4) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(7)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/7), Note 1
[^c22808611]: [S. 481(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/2/c) repealed (26.3.2001) by [The Postal Services Act 2000 (Consequential Modifications No. 1) Order 2001 (S.I. 2001/1149)](https://www.legislation.gov.uk/uksi/2001/1149), [art. 1(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/1/2), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/1149/schedule/2)
[^c22812771]: [S. 481(2)(b)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/2/b/ba) substituted for s. 481(2)(b) (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 39(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/39/2)
[^c22812811]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22812821]: [1979 c. 37](https://www.legislation.gov.uk/ukpga/1979/37); [section 48(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/48/3) was repealed, together with other sections, by section 108(2) of, and Part 1 of Schedule 7 to, the [Banking Act 1987 (c. 22)](https://www.legislation.gov.uk/ukpga/1987/22).
[^c22812791]: [S. 481(5)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5/g) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 39(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/39/3)
[^c23723861]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 6](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/6)
[^c23723691]: Words in [s. 481(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/1) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c23723581]: Words in [s. 481(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723701]: [S. 481(2)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/2/d/e) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 5 para. 8(3)(5)](https://www.legislation.gov.uk/ukpga/1990/29/schedule/5/paragraph/8/3/5), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c23723601]: Words in [s. 481(5A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5A/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723621]: Words in [s. 481(5A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5A/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723641]: Words in [s. 481(5A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/5A/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/3/b/ii), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723661]: Words in [s. 481(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/481/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 186(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/186/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609001]: Source—1984 Sch. 8 1(2)
[^c21609021]: Source—1984 Sch.8 3(4), (4A); 1985 s.38(5)
[^c21609031]: Source—1984 Sch.8 3(5)-(9); 1985 s.38(6); [1986 No.771](https://www.legislation.gov.uk/ukcm/1986/771)
[^c21609041]: See 1990 s. 30 and Sch. 5 para. 9(2)(6)— words "less than seven days" replaced by "more than 5 years" as regards interest paid or credited on or after 6 April 1991
[^c21609051]: See 1990 s. 30 and Sch. 5 para. 9(3)(6)— sub (a) replaced by the following as regards interest paid or credited on or after 6 April1991:— "(a) require repayment of the deposit at a specified time falling before the end of the period of five years beginning with the date on which the deposit is made;"
[^c21609071]: Source—1984 Sch.8 6(2)
[^c21609081]: Source—1984 Sch.8 6(3)
[^c21609091]: Source—1984 Sch.8 2(2); 1985 s.38(2)
[^c21609111]: 1990 s. 30 and Sch. 5 para. 9(4)
[^c21609121]: 1990 s. 30 and Sch.5 para.9(5)
[^c21609131]: Source—1984 Sch.8 3A(3); 1985 s.38(7)
[^c22765561]: [S. 482(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/2/a) substituted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/5) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765581]: [S. 482(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/5A) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/6) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765601]: Words in [s. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6) substituted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/7) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22765621]: [S. 482(11)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/11/ab) inserted (with effect in accordance with [s. 86(10)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/10) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 86(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/8) (with [s. 86(14)](https://www.legislation.gov.uk/ukpga/1995/4/section/86/14))
[^c22808001]: [S. 482(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/2A) inserted (with effect in accordance with [s. 111(6)(c)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/6/c) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(3)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/3/a)
[^c22806041]: [S. 482(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/11/a) repealed (with effect in accordance with s. 111(6)(c) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 111(3)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/111/3/b), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 3
[^c23723871]: [Ss. 480A-482](https://www.legislation.gov.uk/ukpga/1988/1/section/480A) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 6](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/6)
[^c23723811]: Words in [s. 482(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/1) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c23723711]: Words in [s. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723731]: [S. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6): definition of "certificate of deposit" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723751]: [S. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6): words in definition of "qualifying certificate of deposit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723771]: [S. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6): definition of "uncertificated eligible debt security units" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723821]: Words in [s. 482(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/6) repealed by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [Sch. 19 Part IV](https://www.legislation.gov.uk/ukpga/1990/29/schedule/19), Note 8
[^c23723791]: Words in [s. 482(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/482/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 187(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/187/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609341]: Source—1970 s.340, 345; CUA 1979 s.25(2)
[^c21609351]: *See* 1988(F) Sch.8 para.1—*re-basing to* 1982.
[^c22789441]: [S. 486(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/8) excluded (with effect in accordance with s. 131(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1/2/b)
[^c21609361]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609371]: [1969 c. 24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c22792221]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 30(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/30/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792241]: Words in [s. 486(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/7) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 30(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/30/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792261]: [S. 486(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/8) excluded by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 117A(7)(8)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/117A/7/8/b), [117B(5)(6)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/117B/5/6/b) (as inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 62](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/62) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)))
[^c22802471]: Words in [s. 486(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/10) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22813041]: Words in [s. 486(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/12) substituted (27.3.2002) by [The Ministry of Agriculture, Fisheries and Food (Dissolution) Order 2002 (S.I. 2002/794)](https://www.legislation.gov.uk/uksi/2002/794), [art. 1(2)](https://www.legislation.gov.uk/uksi/2002/794/article/1/2), [Sch. 1 para. 31](https://www.legislation.gov.uk/uksi/2002/794/schedule/1/paragraph/31)
[^c23723951]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723971]: Words in [s. 486(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23723991]: Words in [s. 486(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724011]: [S. 486(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/486/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 188(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/188/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609381]: Source—1970 s.340A; CUA 1979 s.25(1)
[^c21609391]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609401]: [S.I. 1985/1205](https://www.legislation.gov.uk/uksi/1985/1205) (N.I. 12.).
[^c22792281]: [S. 487(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/1/b) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792301]: Words in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/2/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792321]: Word in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/2/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792341]: [S. 487(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 31(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/31/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22808631]: Words in [s. 487(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 40](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/40)
[^c23724211]: Words in [s. 487(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/3) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23724231]: Words in [s. 487(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/487/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 22
[^c21609491]: Source—1970 s.341; 1972 Sch.11 6
[^c21609511]: *See reference to approved housing associations in* 1988(F) s.43(3)*and* 44.
[^c21609521]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609531]: [1969 c.24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c21609541]: [1985 c. 68](https://www.legislation.gov.uk/ukpga/1985/68).
[^c21609551]: Words in [s. 488(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/6) substituted (15.9.1992) by [S.I. 1992/1725 (N.I. 15)](https://www.legislation.gov.uk/nisi/1992/1725), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1992/1725/article/1/2), [107](https://www.legislation.gov.uk/nisi/1992/1725/article/107), [Sch. 8 para. 5](https://www.legislation.gov.uk/nisi/1992/1725/schedule/8/paragraph/5)
[^c21609561]: [S.I. 1979/1573](https://www.legislation.gov.uk/uksi/1979/1573) (N.I.12.).
[^c22792821]: [S. 488(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/9) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/2)
[^c22792831]: Words in [s. 488(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/10) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/3)
[^c22792851]: [S. 488(11)(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11/11A) substituted for s. 488(11) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 28(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/28/4)
[^c22793891]: [S. 488(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A) inserted (1.10.1996) by [Housing Act 1996 (c. 52)](https://www.legislation.gov.uk/ukpga/1996/52), [s. 232(3)](https://www.legislation.gov.uk/ukpga/1996/52/section/232/3), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1996/52/schedule/3/paragraph/8/2); [S.I. 1996/2402](https://www.legislation.gov.uk/uksi/1996/2402), [art. 3](https://www.legislation.gov.uk/uksi/1996/2402/article/3) (with [Sch.](https://www.legislation.gov.uk/uksi/1996/2402/schedule))
[^c22805841]: [S. 488](https://www.legislation.gov.uk/ukpga/1988/1/section/488): functions transferred (1.7.1999 with effect in accordance with art. 1(2) of the affecting S.I.) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [art. 2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c22801651]: [S. 488(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/3) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22802521]: Words in [s. 488(11A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A/a) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/uksi/1998/3173/section/117/4/5) of the amending Act) by Finance Act 1998 (c, 36), Sch. 19 para. 48(2)(a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22802541]: Words in [s. 488(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 48(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/48/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22803931]: [S. 488(7A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A/b) and preceding word repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158](https://www.legislation.gov.uk/ukpga/1998/38/section/158), [Sch. 16 para. 56](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/56), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22804761]: Words in [s. 488(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/1/b) substituted (with effect in accordance with [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/2/a)
[^c22804171]: [S. 488(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/1/c) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/2/b), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c22804201]: [S. 488(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/2/b) and preceding word repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/3), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c22804221]: Words in [s. 488(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/4) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by Finance Act 1999 (c, 16), Sch. 4 para. 15(4), Sch. 20 Pt. 3(7), Note 2
[^c22804781]: Words in [s. 488(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/11A) substituted (with effect in accordance with [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/5)
[^c22804241]: [S. 488(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/12) repealed (with effect in accordance with Sch. 4 para. 18(2) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 15(6)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/15/6), [Sch. 20 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/7), Note 2
[^c23724271]: Words in [s. 488(6)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/6/iii) substituted (29.7.2004) by [The Scotland Act 1998 (Transfer of Functions to the Scottish Ministers etc.) Order 2004 (S.I. 2004/2030)](https://www.legislation.gov.uk/uksi/2004/2030), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2004/2030/article/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2030/article/5)
[^c23724291]: [S. 488(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/488/7A) modified (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2008/3068/article/1/2), [2(1)(b)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/b)
[^c21609571]: See 1976(D)—*exemption of certain housing associations from development land tax.* 1976(D)*repealed from* 19*March* 1985.
[^c21609581]: Source—1970 s.341A
[^c21609591]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609601]: *See reference to approved self-build societies in* 1988(F) s.43(3)*and* s.44.
[^c21609611]: [1985 c. 68](https://www.legislation.gov.uk/ukpga/1985/68).
[^c21609621]: [S.I. 1981/156 (N.I. 3)](https://www.legislation.gov.uk/nisi/1981/156).
[^c21609631]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c21609641]: [1969 c. 24 (N.I.)](https://www.legislation.gov.uk/apni/1969/24).
[^c22792891]: [S. 489(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/7) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/2)
[^c22792901]: Words in [s. 489(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/8) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/3)
[^c22792921]: [S. 489(9)(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9/9A) substituted for s. 489(9) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 29(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/29/4)
[^c22793871]: [S. 489(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A) inserted (1.10.1996) by [Housing Act 1996 (c. 52)](https://www.legislation.gov.uk/ukpga/1996/52), [s. 232(3)](https://www.legislation.gov.uk/ukpga/1996/52/section/232/3), [Sch. 3 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/52/schedule/3/paragraph/8/3); [S.I. 1996/2402](https://www.legislation.gov.uk/uksi/1996/2402), [art. 3](https://www.legislation.gov.uk/uksi/1996/2402/article/3) (with [Sch.](https://www.legislation.gov.uk/uksi/1996/2402/schedule))
[^c22802631]: Words in [s. 489(9A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9A/a) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 49(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/49/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22802611]: Word in [s. 489(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/9A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 49(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/49/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22805861]: [S. 489](https://www.legislation.gov.uk/ukpga/1988/1/section/489): functions transferred (1.7.1999 with effect in accordance with art. 1(2) of the affecting S.I.) by [The National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672)](https://www.legislation.gov.uk/uksi/1999/672), [art. 2](https://www.legislation.gov.uk/uksi/1999/672/article/2), [Sch. 1](https://www.legislation.gov.uk/uksi/1999/672/schedule/1)
[^c23724301]: [S. 489(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A) modified (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2008/3068/article/1/2), [2(1)(b)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/b)
[^c22803961]: [S. 489(5A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/489/5A/b) and preceding word repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158](https://www.legislation.gov.uk/ukpga/1998/38/section/158), [Sch. 16 para. 57](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/57), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c21609651]: [S. 490](https://www.legislation.gov.uk/ukpga/1988/1/section/490) amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 78(6)(11)](https://www.legislation.gov.uk/ukpga/1993/34/section/78/6/11)
[^c21609661]: Source—1970 s.346
[^c22794281]: Words in [s. 490(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/2) repealed (with effect in accordance with Sch. 18 Pt. 6(6) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(6)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/6)
[^c22800441]: Words in [s. 490(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/1) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800481]: Words in [s. 490(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/4) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22800501]: [S. 490(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/5) repealed (with effect in accordance with Sch. 6 para. 9(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 9(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/9/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22801671]: Words in [s. 490(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/490/1) repealed (with effect in accordance with Sch. 3 para. 28(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 28(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/28/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21609671]: Source—1970 s.347
[^c21609681]: *See* 1988(F) Sch.14 Part V—*repeal of* (b)*from* 6*April* 1993.
[^c22802651]: Words in [s. 491(3)(4)(5)(6)(8)(b)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/4/5/6/8/b/11) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23724371]: Words in [s. 491(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724391]: Words in [s. 491(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724411]: Words in [s. 491(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724451]: Words in [s. 491(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724491]: Words in [s. 491(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724511]: Words in [s. 491(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724531]: Words in [s. 491(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724551]: [S. 491(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23724571]: Words in [s. 491(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/491/10/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 189(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/189/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21608401]: Words in [s. 477B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/477B/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(28)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/28) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22813391]: [S. 477B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/477B/1A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 48](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/48)
[^c22793861]: [Pt. 12 Ch. 5](https://www.legislation.gov.uk/ukpga/1988/1/part/12/chapter/5) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 8 para. 1(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/8/paragraph/1/4)
[^c21609721]: [S. 492(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/1/a/b) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 198(5)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/198/5/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609741]: Words in [s. 492(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 17](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/17)
[^c22808671]: Words in [s. 492(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/5) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/1)
[^c22808691]: Words in [s. 492(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/6) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/2)
[^c22808711]: Words in [s. 492(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 41(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/41/3)
[^c23726061]: Words in [s. 492(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726081]: Words in [s. 492(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726101]: Words in [s. 492(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726121]: Words in [s. 492(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23726141]: Words in [s. 492(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/492/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 190(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/190/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609751]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22)
[^c22802721]: [S. 493(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/6) inserted (with effect in accordance with [s. 152(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/152/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 152(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/152/3)
[^c23726241]: Words in [s. 493(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/493/2/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 191](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/191) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22792941]: Words in [s. 494(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/1) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792961]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22792981]: [S. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 32(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22793021]: [S. 494(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/4/5) substituted for s. 494(4) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch 14 para. 32(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/32/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22801691]: [S. 494(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/4/5) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22813411]: Words in [s. 494(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813431]: Words in [s. 494(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c) renumbered as s. 494(2)(c)(i) (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/b) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813451]: [S. 494(2)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/c/ii) and words inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(3)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/3/c) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813521]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/5) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813541]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/6) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813561]: [S. 494(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2ZA) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/7) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813581]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813601]: Words in [s. 494(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A/b) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/b/i) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813621]: Words in [s. 494(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A/b) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/b/ii) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813641]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(c)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/c/i) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813661]: Words in [s. 494(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2A) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(8)(c)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/8/c/ii) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813681]: [S. 494(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2B) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 17(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/17/9) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c23726731]: Word at the end of s. 494(2)(b) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/a)
[^c23726751]: [S. 494(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2/d) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726771]: Words in [s. 494(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/2/c), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726791]: [S. 494(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/2B) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/3/3), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23726831]: Words in [s. 494(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/1) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23726851]: [S. 494(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/494/3) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c21609771]: [1982 c. 39](https://www.legislation.gov.uk/ukpga/1982/39)
[^c22808851]: Words in [s. 495(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/1)
[^c22808871]: Words in [s. 495(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/2)
[^c22808891]: Words in [s. 495(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 42(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/42/3)
[^c23727621]: Words in [s. 495(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/495/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 192](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/192) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21609801]: [1983 c. 56](https://www.legislation.gov.uk/ukpga/1983/56).
[^c23728561]: Words in [s. 496(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/1/a) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/2)
[^c23728581]: Words in [s. 496(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/2) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/3)
[^c23728601]: Words in [s. 496(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/3) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/4/a)
[^c23728621]: Words in [s. 496(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/3/b) inserted (with effect in accordance with [s. 285(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/285/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 37 para. 11(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/11/4/b)
[^c23728661]: Words in [s. 496(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/496/1/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 193](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/193) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22891131]: Words in [s. 500(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/4) inserted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(1)(a)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/1/a)
[^c22891151]: Words in [s. 500(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/4) substituted by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(1)(b)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/1/b)
[^c22891171]: [S. 500(5)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/500/5) substituted for s. 500(5) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(2)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/2)
[^c22891211]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): definition of "ring fence trade" added by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 62(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/62/3)
[^c21609931]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c21609941]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28)
[^c21609951]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil extraction activities" repealed (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 55(1)(a)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/55/1/a/2), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 18 Pt.VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21609961]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil extraction activities" inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 55(1)(b)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/55/1/b/2)
[^c21609971]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence profits" substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(30)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/30) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/171/1), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609981]: [S. 502(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1A) inserted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [300(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/300/1), [Sch. 10 para. 14(30)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/30) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21609991]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22805961]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "oil" substituted (15.2.1999) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [Sch. 4 para. 25](https://www.legislation.gov.uk/ukpga/1998/17/schedule/4/paragraph/25), [s. 52(4)](https://www.legislation.gov.uk/ukpga/1998/17/section/52/4); [S.I. 1999/161](https://www.legislation.gov.uk/uksi/1999/161), [art. 2(1)](https://www.legislation.gov.uk/uksi/1999/161/article/2/1)
[^c22808081]: [S. 502(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/3A) substituted for words in s. 502(3) (with effect in accordance with [Sch. 27 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/12/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 9](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/9)
[^c23728921]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence trade" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 194(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/194/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23728941]: [S. 502(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/502/1): words in definition of "ring fence trade" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 194(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/194/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23727051]: [S. 494A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494A/2/b) and preceding word repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23727081]: [S. 494A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494A/3/b) and preceding word repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c22804821]: [1996 c.8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22813711]: Words in [s. 494AA(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22813741]: [S. 494AA(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/494AA/2/b) and preceding word repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c22813771]: Words in [s. 501A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/a) inserted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 18(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/18/2) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813791]: [S. 501A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/b) substituted (with effect in accordance with s. 79(3), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 18(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/18/3) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5))
[^c22813811]: [S. 501A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/5/c) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 8](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/8) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23728721]: [S. 501A(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/501A/10/b) substituted (with effect in accordance with [s. 80(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 23](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/23)
[^c22808911]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 249(2)](https://www.legislation.gov.uk/ukpga/2001/2/section/249/2) (with [Sch. 3 paras. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/54), [55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/55))
[^c22813931]: [S. 503](https://www.legislation.gov.uk/ukpga/1988/1/section/503) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 32(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/32/4)
[^c23729751]: Words in [s. 503(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729871]: Words in [s. 503(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729771]: Word in [s. 503(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729791]: Words in [s. 503(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729891]: [S. 503(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/2/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729811]: Words in [s. 503(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729831]: Word in [s. 503(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/503/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 195(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/195/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21610111]: [S. 504](https://www.legislation.gov.uk/ukpga/1988/1/section/504) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 241(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/241/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21610121]: Source—1984 s.50(2)-(9)
[^c22793081]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 14(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/14/2)
[^c22793111]: [S. 504(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 14(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/14/3)
[^c23730081]: [S. 504(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730101]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729961]: Word in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730121]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23729981]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730001]: Words in [s. 504(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730021]: Words in [s. 504(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/6A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730171]: Words in [s. 504(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/5/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730191]: Words in [s. 504(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/5/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730221]: Words in [s. 504(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730041]: Words in [s. 504(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730061]: Word in [s. 504(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/504/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 196(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/196/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22754471]: [S. 505](https://www.legislation.gov.uk/ukpga/1988/1/section/505) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 171](https://www.legislation.gov.uk/ukpga/1994/9/section/171)
[^c21610191]: Source—1970 s.360(1)
[^c21610201]: *Repealed by* 1988(F) s.148*and* Sch.14 Part V*from* 6*April* 1988.
[^c21610221]: Source—1986 s.30(1)
[^c21610231]: Source—1986 s.31(1), (2), (3)(c), (d)
[^c21610241]: Words in [s. 505(3)(5)(b)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/3/5/b/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(31)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/31) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/171/1), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21610261]: Source—1986 s.31(7)-(9)
[^c22789231]: [S. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) inserted (with effect in accordance with [s. 138(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/138/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 138(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/138/1)
[^c22789271]: [1976 c. 32](https://www.legislation.gov.uk/ukpga/1976/32).
[^c22789281]: [S.I. 1985/1204 (N.I.11)](https://www.legislation.gov.uk/nisi/1985/1204).
[^c22793141]: [S. 505(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/a) substituted (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/2)
[^c22793191]: [S. 505(1)(c)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/i) repealed (with effect in accordance with Sch. 7 para. 32, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 19(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/1), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22793161]: [S. 505(1)(c)(ii)-(iib)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/ii) substituted for s. 505(1)(c)(ii) (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/3)
[^c22793231]: [S. 505(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/d) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 19(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/2) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22793271]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) inserted (with effect in accordance with [s. 146(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 146(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/146/4)
[^c22793281]: [S. 505(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1A) inserted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para 19(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/19/3) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c22806061]: Words in [s. 505(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/6) repealed (with effect in accordance with s. 41(9) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 41(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/41/5), [Sch. 40 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/1), Note 3
[^c22813951]: [S. 505(1)(c)(iic)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iic) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/3)
[^c23730241]: Words in [s. 505(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730261]: Words in [s. 505(1)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730441]: Words in [s. 505(1)(c)(iia)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iia) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730281]: [S. 505(1)(c)(iiaa)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iiaa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730301]: Words in [s. 505(1)(c)(iib)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iib) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730321]: Words in [s. 505(1)(c)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/c/iii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730341]: Words in [s. 505(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/d) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730361]: Words in [s. 505(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/e) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(h)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/h) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730381]: Words in [s. 505(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1/f) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(2)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/2/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730401]: [S. 505(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/1AA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23730421]: Words in [s. 505(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/505/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 198(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/198/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21610281]: *Definition employed for purposes of*:1990 s.25—*donation to charity by individuals.*1990 s.56*and* Sch.10 para.21—*exemption for convertible securities held by charities.*1990 s.94(1)—*inspection powers* (*definition extended to cover bodies mentioned in* sections 507*and* 508).
[^c21610291]: Source—1970 s.360(3); 1986 s.31(1)(a), (c), Sch.7 1(1)
[^c21610301]: Source—1986 Sch.7 1(2), (3)
[^c21610311]: Source—1986 s.31(4)-(6)
[^c21610431]: *See*1989 s.59—*these bodies treated as established for charitable purposes for purposes of* s.59 (*covenanted subscriptions*).1990 s.25—*donations to charity by individuals.*
[^c21610441]: Source—1980 s.118(1); 1983 s.46(1)
[^c21610451]: 1989 s.60(1)*in relation to accounting periods ending on or after* 14*March* 1989.
[^c21610461]: Words in [s. 507(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/d) substituted (1.9.1992) by [Museums and Galleries Act 1992 (c. 44)](https://www.legislation.gov.uk/ukpga/1992/44), [s. 11(2)](https://www.legislation.gov.uk/ukpga/1992/44/section/11/2), [Sch. 8 para. 1(8)](https://www.legislation.gov.uk/ukpga/1992/44/schedule/8/paragraph/1/8); [S.I. 1992/1874](https://www.legislation.gov.uk/uksi/1992/1874), [art. 2](https://www.legislation.gov.uk/uksi/1992/1874/article/2)
[^c21610471]: [S. 507(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/e) inserted (1.11.1992) by [S.I. 1992/2383](https://www.legislation.gov.uk/uksi/1992/2383), [reg. 2(2)](https://www.legislation.gov.uk/uksi/1992/2383/regulation/2/2), [Sch. para.11](https://www.legislation.gov.uk/uksi/1992/2383/schedule/paragraph/11)
[^c21610491]: *Repealed by* 1989 ss.60(1)*and* 187*and* Sch.17 Part IV*in relation to accounting periods ending on or after* 14*March* 1989.
[^c22802761]: [S. 507(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/f) inserted (2.7.1998) by [National Lottery Act 1998 (c. 22)](https://www.legislation.gov.uk/ukpga/1998/22), [s. 24(1)](https://www.legislation.gov.uk/ukpga/1998/22/section/24/1), [27(4)(b)](https://www.legislation.gov.uk/ukpga/1998/22/section/27/4/b)
[^c22804261]: [S. 507(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/507/1/e) omitted (19.4.1999) by virtue of The United Kingdom Ecolabelling Board (Abolition) Regulations 1999 (S.I 1999/931), regs. 1, 9
[^c21610501]: Source—1970 s.362
[^c23732311]: [S. 508(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1/a) substituted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/2)
[^c23732331]: Words in [s. 508(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1) substituted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/3)
[^c23732351]: [S. 508(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/1A/1B) inserted (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/4)
[^c23732371]: [S. 508(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/508/3/4) substituted for s. 508(3) (with effect in accordance with [s. 13(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 13(5)](https://www.legislation.gov.uk/ukpga/2005/22/section/13/5)
[^c21610511]: [S. 509(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/509/1) extended (with modifications) (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 23](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/23)
[^c21610521]: Source—1970 s.348; 1971 s.28(1)
[^c22802781]: Words in [s. 509(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/509/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21610531]: Source—1970 s.361
[^c21610551]: Source—O.J. No. L199/1.
[^c22789291]: Words in [s. 510A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6) repealed (with effect in accordance with Sch. 29 Pt. 8(16) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16)
[^c22789311]: [S. 510A(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/7/8) repealed (with effect in accordance with Sch. 29 Pt. 8(16) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/16)
[^c22813971]: Words in [s. 510A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/3/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/2)
[^c22813991]: Words in [s. 510A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/3) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/3)
[^c22814011]: [S. 510A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/510A/6A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 49(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/49/4)
[^c21610681]: *See* ss.89*and* 90*and* Sch.11 Electricity Act 1989*in connection with electricity industry privatisation; and see* s.112*and* Sch.18 Electricity Act 1989*for changes to* s.511*from a day to be appointed.*
[^c21610691]: Source—1970 s.350(3)
[^c21610701]: [1948 c. 67](https://www.legislation.gov.uk/ukpga/1948/67).
[^c21610771]: Source—1973 s.36(1)
[^c21610781]: [1980 c.60](https://www.legislation.gov.uk/ukpga/1980/60).
[^c21610791]: [1980 c.34](https://www.legislation.gov.uk/ukpga/1980/34).
[^c21610801]: Source—1980 s.119(1)-(3)
[^c21610811]: Words in [s. 513(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/513/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(32)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/32) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/171/1), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21610841]: Source—1980 s.63
[^c21610851]: Source—1970 s.370
[^c21610861]: *For Orders in Council see* Part III Vol.5.
[^c22793821]: Words in [s. 516(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/516/1) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 21(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/21/1)
[^c22793841]: Words in [s. 516(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/516/2) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/21/2)
[^c21610871]: Source—1970 s.371
[^c21610881]: [1947 c. 30](https://www.legislation.gov.uk/ukpga/1947/30).
[^c21610931]: Source—1970 s.352(1)-(6); 1971 Sch.8 16; 1986 s.56(7)(a), Sch.13 2(5)(a)
[^c21610941]: Words in [s. 518(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/3) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para. 19(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/19/1)
[^c21610951]: [S. 518(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/6) repealed by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/19/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 4
[^c21610961]: Source—1970 s.352(8), (9)
[^c21610971]: Source—1970 s.352(11)
[^c21610981]: [1964 c. 40](https://www.legislation.gov.uk/ukpga/1964/40).
[^c22808931]: Words in [s. 518(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/518/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 43](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/43)
[^c22807771]: [S. 519](https://www.legislation.gov.uk/ukpga/1988/1/section/519) extended (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [ss. 419(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/1/2/a), [425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2) (with [s. 157(4)](https://www.legislation.gov.uk/ukpga/1999/29/section/157/4)); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c21610991]: Source—1970 s.353(1), (4)
[^c21611001]: Definition applied for purposes of—1979(C) s.149B(3)—*miscellaneous exemptions.*1988 s.832(1)—*interpretation of Tax Acts.*
[^c21611021]: Subs.(4)*repealed by* 1990 s.127*and* Sch.18 para.5(2)*and* 132*and* Sch.19 Part IV*on and after* 1*April* 1990.
[^c21611051]: Word in [s. 519A(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/g) repealed by [S.I. 1991/195](https://www.legislation.gov.uk/uksi/1991/195), [art. 6](https://www.legislation.gov.uk/uksi/1991/195/article/6)
[^c21611061]: [S. 519A(2)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/i) (j) (k) added by [S.I. 1991/195](https://www.legislation.gov.uk/uksi/1991/195), [art. 6](https://www.legislation.gov.uk/uksi/1991/195/article/6)
[^c22789341]: [S. 519A(2)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a/aa) substituted for s. 519A(2)(a) (1.4.1996) by [Health Authorities Act 1995 (c. 17)](https://www.legislation.gov.uk/ukpga/1995/17), [s. 2(3)](https://www.legislation.gov.uk/ukpga/1995/17/section/2/3), [Sch. 1 para. 114(a)](https://www.legislation.gov.uk/ukpga/1995/17/schedule/1/paragraph/114/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/1995/17/schedule/2))
[^c22789361]: [S. 519A(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/c) repealed (1.4.1996) by [Health Authorities Act 1995 (c. 17)](https://www.legislation.gov.uk/ukpga/1995/17), [s. 2(3)](https://www.legislation.gov.uk/ukpga/1995/17/section/2/3), [Sch. 1 para. 114(b)](https://www.legislation.gov.uk/ukpga/1995/17/schedule/1/paragraph/114/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/1995/17/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/1995/17/schedule/2))
[^c22809081]: [S. 519A(2)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/ab) inserted (1.4.2000 for E.W. and 11.5.2001 otherwise) by [Health Act 1999 (c. 8)](https://www.legislation.gov.uk/ukpga/1999/8), [s. 67(1)](https://www.legislation.gov.uk/ukpga/1999/8/section/67/1), [Sch. 4 para. 73](https://www.legislation.gov.uk/ukpga/1999/8/schedule/4/paragraph/73); [S.I. 1999/2342](https://www.legislation.gov.uk/uksi/1999/2342), [art. 2(4)(b)(i)](https://www.legislation.gov.uk/uksi/1999/2342/article/2/4/b/i); [S.I. 2001/1985](https://www.legislation.gov.uk/uksi/2001/1985), [art. 2(4)](https://www.legislation.gov.uk/uksi/2001/1985/article/2/4)
[^c22892951]: Words in [s. 519A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/a) inserted (1.10.2002) by [The National Health Service Reform and Health Care Professions Act 2002 (Supplementary, Consequential etc. Provisions) Regulations 2002 (S.I. 2002/2469)](https://www.legislation.gov.uk/uksi/2002/2469), [reg. 1](https://www.legislation.gov.uk/uksi/2002/2469/regulation/1), [Sch. 1 para. 14](https://www.legislation.gov.uk/uksi/2002/2469/schedule/1/paragraph/14)
[^c22814041]: [S. 519A(2)(aba)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/aba) inserted (10.10.2002 for W., otherwise prosp.) by [National Health Service Reform and Health Care Professions Act 2002 (c. 17)](https://www.legislation.gov.uk/ukpga/2002/17), [s. 42(3)](https://www.legislation.gov.uk/ukpga/2002/17/section/42/3), [Sch. 5 para. 27](https://www.legislation.gov.uk/ukpga/2002/17/schedule/5/paragraph/27); [S.I. 2005/2352](https://www.legislation.gov.uk/uksi/2005/2352), [art. 2](https://www.legislation.gov.uk/uksi/2005/2352/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/2352/schedule)
[^c23732651]: [S. 519A(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/bb) inserted (1.4.2004) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [ss. 33(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/33/1), [199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1); [S.I. 2004/759](https://www.legislation.gov.uk/uksi/2004/759), [art. 2](https://www.legislation.gov.uk/uksi/2004/759/article/2)
[^c23732671]: [S. 519A(3)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/3) added (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 148](https://www.legislation.gov.uk/ukpga/2004/12/section/148)
[^c23732691]: [S. 519A(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/h) repealed (1.4.2005) by [Health and Social Care (Community Health and Standards) Act 2003 (c. 43)](https://www.legislation.gov.uk/ukpga/2003/43), [ss. 190(2)](https://www.legislation.gov.uk/ukpga/2003/43/section/190/2), [199(1)](https://www.legislation.gov.uk/ukpga/2003/43/section/199/1), [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/2003/43/schedule/13/paragraph/5), [Sch. 14 Pt. 7](https://www.legislation.gov.uk/ukpga/2003/43/schedule/14/part/7); [S.I. 2005/457](https://www.legislation.gov.uk/uksi/2005/457), [art. 2(1)(a)(b)](https://www.legislation.gov.uk/uksi/2005/457/article/2/1/a/b)
[^c23732731]: [S. 519A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/519A/2/e) repealed (S.) (27.9.2005) by [The Mental Health (Care and Treatment) (Scotland) Act 2003 (Modification of Enactments) Order 2005 (S.S.I. 2005/465)](https://www.legislation.gov.uk/ssi/2005/465), [art. 1](https://www.legislation.gov.uk/ssi/2005/465/article/1), [Sch. 2](https://www.legislation.gov.uk/ssi/2005/465/schedule/2); and s. 519A(2)(e) repealed (E.W.N.I.) (5.10.2005) by [The Mental Health (Care and Treatment) (Scotland) Act 2003 (Consequential Provisions) Order 2005 (S.I. 2005/2078)](https://www.legislation.gov.uk/uksi/2005/2078), [art. 1(1)](https://www.legislation.gov.uk/uksi/2005/2078/article/1/1), [Sch. 3](https://www.legislation.gov.uk/uksi/2005/2078/schedule/3)
[^c22793651]: [1988 c. 50](https://www.legislation.gov.uk/ukpga/1988/50).
[^c22793661]: [1988 c. 43](https://www.legislation.gov.uk/ukpga/1988/43).
[^c22793671]: [1988 c. 50](https://www.legislation.gov.uk/ukpga/1988/50).
[^c22793681]: [1988 c. 43](https://www.legislation.gov.uk/ukpga/1988/43).
[^c22793691]: [1977 c. 42](https://www.legislation.gov.uk/ukpga/1977/42).
[^c22793701]: [1984 c. 58](https://www.legislation.gov.uk/ukpga/1984/58).
[^c22793711]: [S.I. 1978/1050 (N.I. 20)](https://www.legislation.gov.uk/nisi/1978/1050).
[^c22793721]: [S.I. 1979/1573 (N.I. 12)](https://www.legislation.gov.uk/nisi/1979/1573).
[^c22793731]: [1954 c. 33 (N.I.)](https://www.legislation.gov.uk/apni/1954/33).
[^c23729261]: [S. 502B](https://www.legislation.gov.uk/ukpga/1988/1/section/502B) excluded (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 11(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/11/2)
[^c23729281]: [S. 502B](https://www.legislation.gov.uk/ukpga/1988/1/section/502B) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 5](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/5)
[^c23729271]: [S. 502C](https://www.legislation.gov.uk/ukpga/1988/1/section/502C) excluded (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 20 para. 11(8)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/20/paragraph/11/8)
[^c23729291]: [S. 502C](https://www.legislation.gov.uk/ukpga/1988/1/section/502C) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 33 para. 7](https://www.legislation.gov.uk/ukpga/2009/10/schedule/33/paragraph/7)
[^c21611181]: Source - 1970 s.380(1)
[^c21611191]: Source - 1970 s.380(2)
[^c21611201]: *See* S.I. [1970 No.488](https://www.legislation.gov.uk/ukcm/1970/488) (*under* “Double taxation relief: general” *in* Part III Vol.5) regns. 2-10—*payments exempt under double taxation agreements.*
[^c21611221]: Source - 1970 s.380(4)
[^c21611231]: Source - 1970 s.380(5)
[^c22776211]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/2/a)
[^c22776231]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/2/b)
[^c22776251]: [S. 524(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 15(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/15/3)
[^c23733541]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733581]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733601]: Words in [s. 524(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733631]: Word in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733651]: Words in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733681]: Word in [s. 524(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733851]: [S. 524(2A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733871]: Words in [s. 524(2A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/2A/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733701]: Words in [s. 524(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733721]: Words in [s. 524(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733891]: [S. 524(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/6), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733741]: [S. 524(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733911]: Words in [s. 524(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/8), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733761]: Word in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733781]: Words in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733811]: Word in [s. 524(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(9)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/9/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23733831]: Word in [s. 524(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/524/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 201(10)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/201/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611251]: Source - 1970 s.381(2)
[^c22771321]: [S. 525(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/5) repealed (with effect in accordance with Sch. 14 Pt. 8 Note 4 of the repealing Act) by Finance Act [1988 c. 39](https://www.legislation.gov.uk/ukpga/1988/39), [Sch. 14 Pt. 8](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/8)
[^c22781431]: Words in [s. 525(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 45](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/45)
[^c23733991]: [S. 525(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734051]: [S. 525(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734011]: Words in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734071]: Words in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/ii), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734031]: Word in [s. 525(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(a)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/a/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734091]: [S. 525(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/525/4/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 202(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/202/4/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611291]: Source - 1970 s.382
[^c22795671]: Word in [s. 526(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23734141]: Word in [s. 526(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734161]: Word in [s. 526(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734181]: Words in [s. 526(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734201]: Word in [s. 526(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734221]: [S. 526(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/526/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 203(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/203/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734241]: Words in [s. 527(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/527/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 204](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/204) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611321]: Source-1970 s.385; 1985 s.64(2)(d)-(f)
[^c22781201]: [S. 528(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/1/4) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(1)(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/1/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781451]: Words in [s. 528(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/2/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/2)
[^c22781481]: [S. 528(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3A) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 46(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/46/3)
[^c23734301]: [S. 528(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734321]: Words in [s. 528(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734341]: Words in [s. 528(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/528/3A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 205(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/205/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611411]: Source-1970 s.386(2); 1985 s.65(3)(a)
[^c22795691]: [S. 531(2)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/2/7) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 19(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/19/2)
[^c21611431]: Source-1970 s.386(4); 1985 s.65(3)(b)
[^c21611441]: Source-1970 s.386(4)-(6)
[^c21611451]: Source-1970 s.386(8); 1985 Sch.18 Part II 8
[^c22781501]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/1)
[^c22781271]: Words in [s. 531(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781521]: Words in [s. 531(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/3)
[^c22781291]: Words in [s. 531(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/7) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 48(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/48/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23734371]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734391]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734421]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734451]: Words in [s. 531(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734471]: [S. 531(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734491]: Words in [s. 531(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734511]: [S. 531(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734531]: Word in [s. 531(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734571]: Words in [s. 531(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734551]: Words in [s. 531(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734601]: Word in [s. 531(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734621]: Words in [s. 531(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734661]: [S. 531(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/8), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734641]: Word in [s. 531(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/531/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 207(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/207/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22781551]: [S. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 49](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/49)
[^c23734681]: Words in [s. 532](https://www.legislation.gov.uk/ukpga/1988/1/section/532) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 208](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/208) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611551]: Source-1970 s.388; 1985 s.64(2)(g)
[^c22771361]: Words in [s. 533(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/4) inserted (with retrospective effect) by Finance Act 1988, Sch. 13 Pt. 1 paras. 5, 1
[^c21611571]: Source-1970 s.386(8); 1985 Sch.18 Part II 8
[^c22781591]: Words in [ss. 533(1)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 50(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/50/1)
[^c22781331]: Words in [s. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 4)](https://www.legislation.gov.uk/ukpga/2001/4), [Sch. 2 para. 50(2)(b)](https://www.legislation.gov.uk/ukpga/2001/4/schedule/2/paragraph/50/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/4/schedule/4)
[^c22781651]: Words in [s. 533(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/7) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 50(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/50/3)
[^c23734721]: Words in [s. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734741]: [S. 533(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/1): definition of "income from patents" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23734761]: Words in [s. 533(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/533/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 209(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/209/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611611]: See—1988 s.387—*sums assessed under* s.350*by virtue of* s.536*not to be carried forward under* s.387*as trading losses.*1988 s.821—*under-deductions of tax from payments made before passing of annual Act.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1970 No.488](https://www.legislation.gov.uk/ukcm/1970/488) (*under* “*Double Taxation relief: general*” *in* Part III Vol.5) regns.2-10—*payments exempt under double taxation agreements.*
[^c21611621]: Source-1970 s.391
[^c22774341]: Words in [s. 536(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/536/2) substituted (1.8.1989) by [Copyright, Designs and Patents Act 1988 (c. 48)](https://www.legislation.gov.uk/ukpga/1988/48), [Sch. 7 para. 36(5)](https://www.legislation.gov.uk/ukpga/1988/48/schedule/7/paragraph/36/5); [S.I. 1989/816](https://www.legislation.gov.uk/uksi/1989/816), [art. 2](https://www.legislation.gov.uk/uksi/1989/816/article/2)
[^c22774941]: Words in [s. 536(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/536/2) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(10)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/10/a), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c22774961]: Words in [s. 536(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/536/4) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(10)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/10/b), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c21611641]: Source-1983 s.27(b)
[^c22781911]: Words in [s. 537](https://www.legislation.gov.uk/ukpga/1988/1/section/537) substituted (with application in accordance with [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/4/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 24 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/4/1/a)
[^c22781931]: Words in [s. 537](https://www.legislation.gov.uk/ukpga/1988/1/section/537) substituted (with application in accordance with [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/4/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 24 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/24/paragraph/4/1/b)
[^c22774981]: Words in [s. 537B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/537B/2) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(10)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/10/a), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c22775001]: Words in [s. 537B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/537B/4) repealed (with effect in accordance with s. 103(7) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(10)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/10/b), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c22774361]: Words in [s. 539(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/1) repealed (with effect in accordance with Sch. 17 Pt. 5 Note 6 of the repealing Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/5)
[^c21611751]: [S. 539(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/9) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/2)
[^c21611761]: Source-1970 s.393(1); 1971 Sch.6 41; 1972 Sch.24 23
[^c21611781]: Source-1970 s.393(2)(a), (c); 1971 Sch.3 11
[^c21611791]: Source-1970 s.393(2A); 1971 Sch.2 6
[^c21611801]: [1924 c. 27](https://www.legislation.gov.uk/ukpga/1924/27).
[^c21611811]: Source-1970 s.393(3); 1985 s.41(8) 56, Sch. 9 para. 15
[^c21611821]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "friendly society" inserted (19.2.1993) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para.15](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/15); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c21611831]: Source-1975 Sch.2 15
[^c21611841]: Source-1970 s.393(4), (5)
[^c22776391]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): word in definition of "capital redemption policy" substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/4)
[^c22780881]: [S. 539(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/2/d) and preceding word inserted (with effect in accordance with [Sch. 13 para. 2(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/2/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/2/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22781951]: [S. 539(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/2)
[^c23745031]: [S. 539(2)(e)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/2/e/f) and preceding word added (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/2)
[^c23745111]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "charitable trust" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/6)
[^c23745051]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "credit union" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745071]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "excepted group life policy" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745091]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "group life policy" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/1/3)
[^c23745131]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "non-charitable trust" inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/6)
[^c23745171]: Words in [s. 539(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745191]: [S. 539(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/3): definition of "life annuity" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745211]: [S. 539(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/539/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 210(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/210/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21611861]: Source-1970 s.394(1), (2); 1975 Sch.2 9(1), (2)
[^c21611881]: Source-1970 s.394(4); 1983 s.18(1) 1975 Sch.2 10
[^c21611891]: Source-1970 s.394(5), (6); 1975 Sch.2 10
[^c22774401]: Words in [s. 540(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/4) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 3(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/3/2)
[^c22774421]: [S. 540(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/5A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 3(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/3/3)
[^c21611921]: Source-1982 s.34
[^c22781971]: Words in [s. 540(1)(a)(v)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/1/a/v) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/3/2)
[^c22781991]: Words in [s. 540(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/1/b/ii) inserted (with effect in accordance with s, 83(2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/3/3)
[^c23745291]: [S. 540(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/2) repealed (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 14(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/14/1), [Sch. 43 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/13), Note 2 (with Sch. 34 para. 15)
[^c23745311]: Words in [s. 540(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/540/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [75](https://www.legislation.gov.uk/uksi/2005/3229/regulation/75)
[^c22778611]: [S. 541](https://www.legislation.gov.uk/ukpga/1988/1/section/541) extended (retrospectively and with effect in accordance with s. 79(7)(8) of the extending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 79(3)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/79/3/b)
[^c21611931]: Source-1970 s.395(1); 1975 Sch.2 11(1)
[^c21611941]: Source-1970 s.395 (2), (3)
[^c21611961]: [S. 541(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/4A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/4/2)
[^c21611971]: Source-1970 s.395(4); 1982 s.34; 1975 Sch.2 10
[^c21611981]: [S. 541(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/5/c) and word inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 4(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/4/3)
[^c21611991]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43)
[^c22782011]: Words in [s. 541(1)(a)(ii)(b)(ii)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/a/ii/b/ii/c/ii) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/2)
[^c22782051]: Words in [s. 541(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/d) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/3)
[^c22781811]: [S. 541(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/4) repealed (with effect in accordance with s. 83(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 4(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/4/4), [Sch. 33 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/9), Note
[^c22782851]: Words in [s. 541(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/1/c) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/3)
[^c22782871]: [S. 541(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/541/3A) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/4)
[^c21612001]: Source-1970 s.396(1); 396(1); 1975 Sch.2 9(3), 12
[^c21612011]: Source-1970 s.396(2), (3); 1983 s.18(2); 1975 Sch.2 12
[^c22782071]: Words in [s. 542(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/542/1/c) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 5(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/5/2)
[^c22782091]: Words in [s. 542(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/542/3) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 5(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/5/3)
[^c21612021]: Source-1970 s.397; 1975 Sch.2 13
[^c22782111]: Words in [s. 543(1)(a)(ii)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/a/ii/b/ii) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 6(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/6/2)
[^c22782141]: Words in [s. 543(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/c) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/6/3)
[^c22782891]: Words in [s. 543(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/b) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/6)
[^c22782911]: [S. 543(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/2A) inserted (with effect in accordance with [s. 87(11)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/11) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/7)
[^c23745331]: Words in [s. 543(1)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/543/1/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 212](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/212) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612031]: Source-1983 Sch.4 1
[^c21612041]: Source-1983 s.18(3), Sch.4 2(1)
[^c21612051]: Source-1983 Sch.4 2(2)
[^c21612061]: Source-1983 Sch.4 2(3)
[^c21612071]: Source-1983 Sch.4 2(4)
[^c23745351]: Words in [s. 544(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/544/6/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 213](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/213) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745371]: Words in [s. 544(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/544/4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [76](https://www.legislation.gov.uk/uksi/2005/3229/regulation/76)
[^c21612081]: Source-1970 s.398; 1975 Sch.2 14, 9(4)
[^c22782161]: Words in [s. 545(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/545/1/d) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 7](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/7)
[^c23745411]: [S. 545(1)(a)(i)-(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/545/1/a/i) substituted for words in s. 545(1)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 214](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/214) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612091]: Source-1975 Sch.2 9(5), (8)
[^c21612101]: Source-1975 Sch.2 9(6), (7)
[^c21612111]: Source-1975 Sch.2 9(9)
[^c21612121]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43)
[^c22782181]: Words in [s. 546(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a) renumbered as s. 546(1)(a)(i) (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by virtue of [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para 8(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/a)
[^c22782201]: Words in [s. 546(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/b)
[^c22782221]: [S. 546(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/1/a/ii) and preceding word inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(2)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/2/c)
[^c22782241]: [S. 546(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/546/6) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 8(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/8/3)
[^c21612171]: [S. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/8) of the amending Act) by Finance Act 1989 (c. 26 ), Sch. 9 para. 5(3)
[^c21612221]: [S. 547(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/8) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/5/3)
[^c21612361]: Source-1970 s.399(1); 1972 Sch.24 24
[^c21612441]: [S. 547(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/5A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/9/1)
[^c21612491]: [S. 547(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 48](https://www.legislation.gov.uk/ukpga/1991/31/section/48), [Sch. 7 para. 9(3)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/9/3)
[^c22775871]: [S. 547](https://www.legislation.gov.uk/ukpga/1988/1/section/547): power to modify conferred (with effect in accordance with s. 56(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/3)
[^c22775061]: [S. 547(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/6A) inserted (with effect in accordance with [s. 56(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/1)
[^c22775101]: [S. 547(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/7A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/2/b)
[^c22778951]: [S. 547(1)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/d/e) inserted (with effect in accordance with [Sch. 14 para. 7(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/1/2/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/3)
[^c22778741]: [S. 547(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/3) repealed (with effect in accordance with Sch. 14 para. 7(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/4), [Sch. 27 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/19), Note
[^c22779011]: [S. 547(5AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/5AA) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/7)
[^c22779031]: [S. 547(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/8)
[^c22779091]: [S. 547(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/14) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 1(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/1/10)
[^c22782301]: Words in [s. 547(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/2)
[^c22782321]: [S. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/3)
[^c22782341]: [S. 547(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 11(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/11/4)
[^c23745551]: Word in [s. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/3)
[^c23745571]: [S. 547(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/cc) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/4)
[^c23745651]: [S. 547(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/8)
[^c23745751]: [S. 547(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/9A) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 7(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/7/11)
[^c23745891]: [S. 547(1)(a)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/a/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745831]: Words in [s. 547(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745851]: Word in [s. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745871]: Word in [s. 547(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745951]: [S. 547(4A)-(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/547/4A)(9)-(14) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 216(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/216/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612501]: Source-1975 Sch.2 16; 1976 s.35
[^c22774461]: Words in [s. 548(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/c) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/2/b)
[^c22774481]: Words in [s. 548(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1) substituted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/2/c)
[^c22774501]: [S. 548(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/3A) inserted (with effect in accordance with [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/8) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 9 para. 6(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/9/paragraph/6/3)
[^c22780711]: [S. 548(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/3/a) substituted (with effect in accordance with [Sch. 4 para. 18(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/18/3) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/16)
[^c23746361]: Words in [s. 548(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/c) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 9(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/9/3)
[^c23746381]: [S. 548(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/548/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 218](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/218) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747201]: Words in [s. 552(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/6/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/4/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747241]: Words in [s. 552(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/7/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747261]: Words in [s. 552(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/7/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747281]: Words in [s. 552(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/9/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23747301]: Words in [s. 552(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/552/9/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 222(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/222/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612761]: Source-1984 Sch.15 Part III; 1984 s.76(5); 1985 s.51
[^c22775181]: [S. 553](https://www.legislation.gov.uk/ukpga/1988/1/section/553): power to modify conferred (with effect in accordance with s. 56(4) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/3)
[^c22797631]: Words in [s. 553(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/2) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(8)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/8/a) (with saving)
[^c22774921]: [S. 553(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/6A) inserted (with effect in accordance with [s. 56(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/56/2)
[^c22775161]: [S. 553(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/7A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/3)
[^c22776431]: Words in [s. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10) substituted (with effect in accordance with [s. 168(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 168(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/168/5)
[^c22779501]: Words in [s. 553(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/3) substituted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/2)
[^c22779521]: [S. 553(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/5A) inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/3)
[^c22779541]: [S. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10): definition of "foreign institution" inserted (with effect in accordance with [Sch. 14 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/7/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 14 para. 4(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/14/paragraph/4/4)
[^c22782561]: Words in [s. 553(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/3) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/83/2) of the amending Act) by Finance Act 2001, (c. 9), Sch. 28 para. 17(2)
[^c22782601]: Words in [s. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10) inserted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 17(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/17/4)
[^c23748361]: [S. 553(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748401]: [S. 553(6)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748381]: [S. 553(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/553/10): words in definition of "foreign institution" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 226(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/226/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782401]: [S. 547A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/2) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para 12](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/12)
[^c23746121]: Word in [s. 547A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/a) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/2)
[^c23746141]: Word in [s. 547A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/b) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/3)
[^c23746161]: [S. 547A(3)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/cc) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/4)
[^c23746181]: Words in [s. 547A(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/d) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/5)
[^c23746201]: [S. 547A(3)(d)(ia)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/3/d/ia) substituted for word at the end of s. 547A(3)(d)(i) (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/6)
[^c23746221]: Word in [s. 547A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/6) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(7)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/7)
[^c23746241]: Word in [s. 547A(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/10/a) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(8)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/8/a)
[^c23746261]: Word in [s. 547A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/10) inserted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 8(8)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/8/8/b)
[^c23746281]: [S. 547A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23746321]: [S. 547A(15)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/15): definition of "foreign institution" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23746301]: [S. 547A(16)(17)](https://www.legislation.gov.uk/ukpga/1988/1/section/547A/16/17) substituted for s. 547A(16) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 217(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/217/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782481]: Words in [s. 551A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/551A/1/b) substituted (with effect in accordance with [s. 83(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/83/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 28 para. 16](https://www.legislation.gov.uk/ukpga/2001/9/schedule/28/paragraph/16)
[^c23746501]: Words in [s. 551A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/551A/1/b) substituted (9.4.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 171(1)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/171/1/3), [Sch. 34 para. 11](https://www.legislation.gov.uk/ukpga/2003/14/schedule/34/paragraph/11)
[^c23748471]: [S. 553A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/553A/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 227(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/227/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748491]: [S. 553A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553A/4): words in definition of "new non-resident policy" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 227(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/227/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748551]: Words in [s. 553C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748571]: Words in [s. 553C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748601]: Words in [s. 553C(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748621]: Words in [s. 553C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748661]: Word at the end of s. 553C(4)(b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748641]: Word in [s. 553C(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748701]: [S. 553C(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/4/d) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/5/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23748681]: [S. 553C(9A)-(9E)](https://www.legislation.gov.uk/ukpga/1988/1/section/553C/9A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 228(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/228/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782931]: Words in [s. 546B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/546B/1) inserted (with effect in accordance with [s. 87(12)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/12) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(9)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/9)
[^c22782951]: [S. 546B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/546B/1A) inserted (with effect in accordance with [s. 87(12)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/12) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 87(10)](https://www.legislation.gov.uk/ukpga/2002/23/section/87/10)
[^c23745431]: Words in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745451]: Word in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745491]: [S. 546C(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8/a) and word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745471]: Words in [s. 546C(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23745511]: Words in [s. 546C(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/546C/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 215(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/215/e), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612781]: *See* 1988(F) s.130(7)—*payment of outstanding tax by migrating companies.*
[^c21612791]: Source-1986 Sch.11 1
[^c21612801]: Source-1986 Sch.11 2(1)
[^c21612811]: Source-1986 Sch.11 2(3)
[^c21612821]: Source-1986 Sch.11 2(2), (4)
[^c21612831]: Source-1986 Sch.11 2(5), (6)
[^c21612841]: Source-1986 Sch.11 2(7)
[^c21612851]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612861]: Source-1986 Sch.11 3(1)
[^c21612871]: Source-1986 Sch.11 4
[^c21612901]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612911]: Source-1986 Sch.11 6(4) 7(6)
[^c21612921]: Source-1986 Sch.11 6(2), 7(5)
[^c23749111]: [S. 556(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749071]: [S. 556(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749131]: [S. 556(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749091]: Words in [s. 556(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/556/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 230(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/230/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21612951]: Source-1986 Sch.11 9
[^c21612961]: Source-1986 Sch.11 5
[^c21612971]: Source-1986 Sch.11 10, 11(2)
[^c21612981]: *For regulations see* Part III Vol.5 (*under* “*Entertainers and sportsmen*”).
[^c21612991]: Source-1986 Sch.11 11(1), (3)
[^c21613121]: *See*—1970(M) s.62(1A)—*priority of claim for tax.*1970(M) s.63(3)—*recovery of tax in Scotland.*1970(M) s.64(1A)—*priority in cases of poinding in Scotland.*
[^c21613131]: Source-1975 (No.2) s.69(1), 70A(2); 1982 Sch.8 5
[^c21613141]: *See* 1988(F) s.130(7)(d)—*payment of outstanding tax by migrating companies.*
[^c21613151]: Source-1975 (No.2) s.69(4), (5); 1987 s.23
[^c21613171]: *See* Insolvency (Northern Ireland) Order 1989, Art.381(2)*and* Sch.9 para.61*and* Art.382*and* Sch.10 (S.I. [1989 No.2405](https://www.legislation.gov.uk/ukcm/1989/2405)—*not reproduced*)
[^c21613181]: [S. 559(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/6) repealed (N.I.) (1.10.1991) by [S.I. 1989/2404](https://www.legislation.gov.uk/uksi/1989/2404), [art. 382](https://www.legislation.gov.uk/uksi/1989/2404/article/382), [Sch. 10](https://www.legislation.gov.uk/uksi/1989/2404/schedule/10); [S.R. 1991/411](https://www.legislation.gov.uk/nisr/1991/411), [art. 2](https://www.legislation.gov.uk/nisr/1991/411/article/2)
[^c21613191]: Source-1975 (No.2) Sch.12 Pt.I 2(2); 1980 Sch.8 4(3); 1982 Sch.8 8
[^c21613201]: Source-1972 s.71(5); 1982 Sch.8 6
[^c22775261]: [S. 559(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/3) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 1, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/1/2), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775241]: [S. 559(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/3A) inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/1/3); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22777861]: [S. 559(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/72/3)
[^c22778631]: [S. 559(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 54(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/54/5)
[^c22775281]: Words in [s. 559(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4) substituted (with effect in accordance with the amending provision) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 139(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/139/1); [S.I. 2000/922](https://www.legislation.gov.uk/uksi/2000/922), [art. 2](https://www.legislation.gov.uk/uksi/2000/922/article/2)
[^c22775301]: [S. 559(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4A) inserted (with effect in accordance with the amending provision) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 139(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/139/1); [S.I. 2000/922](https://www.legislation.gov.uk/uksi/2000/922), [art. 2](https://www.legislation.gov.uk/uksi/2000/922/article/2)
[^c22779841]: Words in [s. 559(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/1) substituted (with effect in accordance with [s. 55(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/55/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 55(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/55/2)
[^c22779861]: [S. 559(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/1A) inserted (with effect in accordance with [s. 55(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/55/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 55(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/55/2)
[^c22779321]: [S. 559(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/5A) inserted (with effect in accordance with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/1)
[^c22782971]: Words in [s. 559(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/4) repealed (with effect in accordance with s. 40(4) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/1), Note
[^c22783011]: [S. 559(5)(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/5/5A) repealed (with effect in accordance with s. 40(4) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/1), Note
[^c22783041]: [S. 559(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/8) repealed (with effect in accordance with s. 40(4) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/1), Note
[^c23749331]: Words in [s. 559(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/559/1A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 58](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/58) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21613241]: Source-1975 (No.2) s.69(2)
[^c21613251]: Source-1975 (No.2) s.69(3)
[^c21613271]: Source-1975 (No.2) s.69(3A); 1980 Sch.8 1
[^c21613281]: Source-1975 (No.2) s.69(3B), (3C); 1980 Sch.8 1
[^c21613291]: Source-1975 (No.2) s.71(3)
[^c21613301]: [1981 c. 64](https://www.legislation.gov.uk/ukpga/1981/64).
[^c21613311]: [1968 c. 16](https://www.legislation.gov.uk/ukpga/1968/16).
[^c21613321]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c21613331]: [S.I. 1981/156 (N.I. 3)](https://www.legislation.gov.uk/nisi/1981/156).
[^c21613341]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c21613351]: [1965 c. 13 (N.I.)](https://www.legislation.gov.uk/apni/1965/13).
[^c22775321]: [S. 560(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/aa) inserted (with application in accordance with [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/2/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/2/1/a)
[^c22775341]: [S. 560(2)(ea)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/ea) inserted (with application in accordance with Sch. 27, [para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/2/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27), [para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/2/1/b)
[^c22775361]: Words in [s. 560(2)(f)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/f/3) substituted (with application in accordance with [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/2/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27), [para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/2/2)
[^c22779341]: Words in [s. 560(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2) inserted (with effect in accordance with [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/2)
[^c22779361]: [S. 560(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2A/2B) inserted (with effect in accordance with [Sch. 8 para. 2(3)(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/3/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/2/2)
[^c22780211]: [S. 560(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/da) inserted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [Sch. 16 para. 58(a)](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/58/a); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22780251]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c22780231]: Words in [s. 560(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/e) repealed (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [Sch. 16 para. 58(b)](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/58/b), [Sch. 18 Pt. 6](https://www.legislation.gov.uk/ukpga/1998/38/schedule/18/part/6); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), [art. 5](https://www.legislation.gov.uk/uksi/1998/2244/article/5)
[^c22780771]: Words in [s. 560(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2/aa) inserted (1.7.1999) by [The Scotland Act 1998 (Consequential Modifications) (No.2) Order 1999 (S.I. 1999/1820)](https://www.legislation.gov.uk/uksi/1999/1820), [art. 1(2)](https://www.legislation.gov.uk/uksi/1999/1820/article/1/2), [Sch. 2 para. 87(3)](https://www.legislation.gov.uk/uksi/1999/1820/schedule/2/paragraph/87/3)
[^c22783061]: Words in [s. 560(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/560/2) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c21613361]: Source-1975 (No.2) s.70(1)-(6), (9)-(11), 70A(1), (2), 71(4); 1982 Sch.8 3, 5; 1987 (No.2) s.93
[^c22771281]: Words in [s. 561(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/2/c) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 5](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/5)
[^c22775401]: Words in [s. 561(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/1) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 1, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1999/2156](https://www.legislation.gov.uk/uksi/1999/2156), [art. 2(a)](https://www.legislation.gov.uk/uksi/1999/2156/article/2/a)
[^c22775511]: Words in [s. 561(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/2/b) substituted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 3(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/3/1); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775421]: Words in [s. 561(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/3) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 3, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1999/2156](https://www.legislation.gov.uk/uksi/1999/2156), [art. 2(a)](https://www.legislation.gov.uk/uksi/1999/2156/article/2/a)
[^c22775441]: [S. 561(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/4/5) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 1, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1999/2156](https://www.legislation.gov.uk/uksi/1999/2156), [art. 2(a)](https://www.legislation.gov.uk/uksi/1999/2156/article/2/a)
[^c22775471]: Words in [s. 561(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/6) repealed (with effect in accordance with Sch. 29 Pt. 8(21) Notes 3, 5 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1999/2156](https://www.legislation.gov.uk/uksi/1999/2156), [art. 2(a)](https://www.legislation.gov.uk/uksi/1999/2156/article/2/a)
[^c22775531]: Words in [s. 561(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/10) substituted (with effect in accordance with Sch, 27 [para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/8/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 3(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/3/2); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 2](https://www.legislation.gov.uk/uksi/1998/2620/article/2)
[^c22775551]: Words in [s. 561(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/11) inserted (with effect in accordance with [Sch. 27 para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/3/3/a)
[^c22775571]: Words in [s. 561(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/11) substituted (with effect in accordance with Sch, 27 [para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/4/paragraph/8/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/3/3/b); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 2](https://www.legislation.gov.uk/uksi/1998/2620/article/2)
[^c22775491]: [S. 561(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/12) repealed (with effect in accordance with Sch. 27 para. 8(2) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21), Note 2; [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 2](https://www.legislation.gov.uk/uksi/1998/2620/article/2)
[^c23749351]: Words in [s. 561(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/561/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 59](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/59) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21613371]: Source-1975 (No.2) Sch.12 Pt. I 1
[^c21613431]: Source-1975 (No.2) Sch.12 Pt.I 3(1); 1982 Sch.8 11
[^c21613441]: Source-1975 (No.2) Sch.12 Pt.I 3(1A); 1982 Sch.8 12
[^c21613451]: Source-1975 (No.2) Sch.12 Pt.I 3(2); 1980 Sch.8 7; 1982 Sch.8 13
[^c21613471]: Source-1975 (No.2) Sch.12 Pt.I 4.
[^c21613481]: [1975 c. 14](https://www.legislation.gov.uk/ukpga/1975/14).
[^c21613491]: [1975 c. 15](https://www.legislation.gov.uk/ukpga/1975/15).
[^c21613501]: Source-1975 (No.2) Sch.12 Pt.I 7
[^c22780831]: [Ss. 562-565](https://www.legislation.gov.uk/ukpga/1988/1/section/562) modified (retrospectively, with application in accordance with s. 53(3) of the modifying Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 53(1)(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/53/1/2)
[^c22775591]: Words in [s. 562(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/1) repealed (with effect in accordance with Sch. 27 para. 8(1), Sch. 29 Pt. 8(21) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/2/a), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775671]: Words in [s. 562(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/1) inserted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/2/b); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775691]: [S. 562(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/2A/2B) inserted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/3); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775611]: [S. 562(3)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/3) repealed (with effect in accordance with Sch. 27 para. 8(1), Sch. 29 Pt. 8(21) Note 3 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/4), [Sch. 29 Pt. 8(21)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/21); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775711]: Words in [s. 562(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/9) substituted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/5); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775731]: Words in [s. 562(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/11) substituted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(6)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/6); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775751]: [S. 562(13A)(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/562/13A/14) substituted for s. 562(14) (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 4(7)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/4/7); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c21613611]: Source-1975 (No.2) Sch.12 Pt.III 1, 2; 1980 Sch.8 7
[^c22775771]: [S. 564(2A)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/564/2A) substituted for s. 564(3)-(5) (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/6); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22780861]: [Ss. 562-565](https://www.legislation.gov.uk/ukpga/1988/1/section/562) modified (retrospectively, with application in accordance with s. 53(3) of the modifying Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 53(1)(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/53/1/2)
[^c22779401]: Words in [s. 564(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/564/2A) substituted (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/3/1)
[^c22779421]: [S. 564(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/564/2AA) inserted (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/3/2)
[^c22779441]: [S. 564(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/564/2C) inserted (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/3/3)
[^c21613691]: Words in [s. 565(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/6/a) substituted (E.W.S.) (1.4.1990 with effect in accordance with [S.I. 1990/355](https://www.legislation.gov.uk/uksi/1990/355), [arts. 6-9](https://www.legislation.gov.uk/uksi/1990/355/article/6), [Sch. 1](https://www.legislation.gov.uk/uksi/1990/355/schedule/1)) by [Companies Act 1989 (c. 40)](https://www.legislation.gov.uk/ukpga/1989/40), [Sch. 10 para. 38(3)](https://www.legislation.gov.uk/ukpga/1989/40/schedule/10/paragraph/38/3); [S.I. 1990/355](https://www.legislation.gov.uk/uksi/1990/355), [arts. 3](https://www.legislation.gov.uk/uksi/1990/355/article/3), [8](https://www.legislation.gov.uk/uksi/1990/355/article/8), [Sch. 1](https://www.legislation.gov.uk/uksi/1990/355/schedule/1)
[^c21613711]: Words in [s. 565(6)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/6/d) substituted (E.W.S) (1.10.1990 with saving and transitional provisions in [S.I. 1990/1707](https://www.legislation.gov.uk/uksi/1990/1707), [arts. 4](https://www.legislation.gov.uk/uksi/1990/1707/article/4), [5](https://www.legislation.gov.uk/uksi/1990/1707/article/5)) by [Companies Act 1989 (c. 40)](https://www.legislation.gov.uk/ukpga/1989/40), [s. 139(5)](https://www.legislation.gov.uk/ukpga/1989/40/section/139/5)
[^c21613751]: Source-1975 (No.2) Sch.12 Pt.IV 1, 2(1), (2); 1980 Sch.8 7; 1982 Sch.8 15
[^c21613761]: Source-1975 (No.2) Sch.12 Pt.IV 3
[^c21613771]: [1975 c. 14](https://www.legislation.gov.uk/ukpga/1975/14).
[^c21613781]: [1975 c. 15](https://www.legislation.gov.uk/ukpga/1975/15).
[^c21613791]: Source-1975 (No.2) Sch.12 Pt.IV 6; 1987 Sch.15 8
[^c21613801]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21613821]: [S. 565(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/6/b) repealed (1.10.1991) by [Companies Act 1989 (c. 40, SIF 27)](https://www.legislation.gov.uk/ukpga/1989/40), [ss. 212](https://www.legislation.gov.uk/ukpga/1989/40/section/212), [213](https://www.legislation.gov.uk/ukpga/1989/40/section/213), [Sch. 24](https://www.legislation.gov.uk/ukpga/1989/40/schedule/24); [S.I. 1991/1996](https://www.legislation.gov.uk/uksi/1991/1996), [art. 2(c)(iv)](https://www.legislation.gov.uk/uksi/1991/1996/article/2/c/iv)
[^c21613841]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21613851]: Words in [s. 565(7)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/7/d) substituted (1.10.1991) by [S.I. 1990/1504](https://www.legislation.gov.uk/uksi/1990/1504), [art. 74(5)](https://www.legislation.gov.uk/uksi/1990/1504/article/74/5); [S.R. 1991/398](https://www.legislation.gov.uk/nisr/1991/398), [art. 2(a)](https://www.legislation.gov.uk/nisr/1991/398/article/2/a) (subject to the provisions set out in [S.R. 1991/398](https://www.legislation.gov.uk/nisr/1991/398), [arts. 3](https://www.legislation.gov.uk/nisr/1991/398/article/3), [4](https://www.legislation.gov.uk/nisr/1991/398/article/4))
[^c21613861]: Source-1975 (No.2) Sch.12 Pt.IV 7
[^c21613871]: Source-1975 (No.2) Sch.12 Pt.IV 2(3)
[^c22775791]: [S. 565(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/2A) inserted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 7(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/7/1); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22775811]: [S. 565(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/8A) inserted (with effect in accordance with [Sch. 27 para. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/8/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 27 para. 7(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/27/paragraph/7/2); [S.I. 1998/2620](https://www.legislation.gov.uk/uksi/1998/2620), [art. 3](https://www.legislation.gov.uk/uksi/1998/2620/article/3)
[^c22780871]: [Ss. 562-565](https://www.legislation.gov.uk/ukpga/1988/1/section/562) modified (retrospectively, with application in accordance with s. 53(3) of the modifying Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 53(1)(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/53/1/2)
[^c22779461]: [S. 565(2A)(2B)(2BB)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/2A/2B/2BB) substituted for s. 565(2A)(2B) (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 4(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/4/1)
[^c22779481]: [S. 565(2D)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/2D) inserted (with effect in accordance with [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/4/2)
[^c23749371]: Words in [s. 565(2C)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/565/2C/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 60](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/60) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21613921]: *For regulations see* Part III Vol.5.*And see* 1970(M) s.98A—*special penalties in the case of certain returns.*
[^c21613931]: Source-1975 (No.2) s.69(6)
[^c21613951]: Source-1975 (No.2) s.70(7); 1982 Sch.8 4; 1987 (No.2) s.93 (5), (6)
[^c22775831]: [S. 566(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/3) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/1995/4/schedule/7/paragraph/9)
[^c22776111]: Words in [s. 566(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/2) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(32)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/32)
[^c22776451]: [S. 566(2A)-(2F)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/2A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 178(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/178/1)
[^c22778761]: Words in [s. 566(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/2/c) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/8)
[^c22779881]: [S. 566(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/4/5) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/1998/36/schedule/8/paragraph/6)
[^c22797721]: [S. 566(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/5) repealed (prosp.) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 133(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/133/4), [Sch. 20 Pt. 7](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/7), Notes 1 and 2
[^c23749391]: Words in [s. 566(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 61](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/61) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23749411]: [S. 566(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/566/1A) inserted (with effect in accordance with [s. 147(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/147/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 147(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/147/1)
[^c21613961]: Source-1975 (No.2) s.71(8)
[^c21613971]: *For regulations see* Part III Vol.5.
[^c21613981]: Source-1975 (No.2) Sch.13 Pt.I
[^c21613991]: Source-1975 (No.2) Sch.13 Pt.II; 1980/1171
[^c21614001]: Source-1975 (No.2) s.71(8), Sch.13, Pt.I
[^c21614011]: [1971 c. 61](https://www.legislation.gov.uk/ukpga/1971/61).
[^c21614021]: Source-1975 (No.2) s.71 (9) (10)
[^c23749431]: Words in [s. 567(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/567/2/b) substituted (25.7.2003 for specified purposes and 29.12.2003 otherwise) by [Communications Act 2003 (c. 21)](https://www.legislation.gov.uk/ukpga/2003/21), [s. 411(2)](https://www.legislation.gov.uk/ukpga/2003/21/section/411/2), [Sch. 17 para. 88](https://www.legislation.gov.uk/ukpga/2003/21/schedule/17/paragraph/88); [S.I. 2003/1900](https://www.legislation.gov.uk/uksi/2003/1900), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/1/2), [2(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/2/1), [3](https://www.legislation.gov.uk/uksi/2003/1900/article/3), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/1900/schedule/1); [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [arts. 1(3)](https://www.legislation.gov.uk/uksi/2003/3142/article/1/3), [3(2)](https://www.legislation.gov.uk/uksi/2003/3142/article/3/2) (with [art. 11](https://www.legislation.gov.uk/uksi/2003/3142/article/11))
[^c23749581]: Words in [s. 568(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/568/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 232(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/232/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749661]: Words in [s. 570(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/570/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 233](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/233) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23749701]: Words in [s. 571(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/571/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 234](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/234) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22774821]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c22774761]: [S. 574(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/1/2) substituted (with effect in accordance with [s. 210(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/210/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 210](https://www.legislation.gov.uk/ukpga/1994/9/section/210) (as amended (retrospectively) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 119](https://www.legislation.gov.uk/ukpga/1995/4/section/119)) (with Sch. 20)
[^c22774801]: [S. 574(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/1) modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 20 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/8)
[^c22774781]: [S. 574(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/1) modified (1991-92) by [The Lloyd's Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [regs. 1](https://www.legislation.gov.uk/uksi/1994/728/regulation/1), [9](https://www.legislation.gov.uk/uksi/1994/728/regulation/9), [Sch. 2](https://www.legislation.gov.uk/uksi/1994/728/schedule/2)
[^c22797731]: [S. 574(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/1) modified (1992-93, 1993-94 and 1994-5) by [The Lloyd's Underwriters (Tax) (1992-93 to 1996-97) Regulations 1995 (S.I. 1995/352)](https://www.legislation.gov.uk/uksi/1995/352), [regs. 1](https://www.legislation.gov.uk/uksi/1995/352/regulation/1), [14](https://www.legislation.gov.uk/uksi/1995/352/regulation/14), [15](https://www.legislation.gov.uk/uksi/1995/352/regulation/15), [Sch.](https://www.legislation.gov.uk/uksi/1995/352/schedule)
[^c23754311]: Words in [s. 574(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/574/3/b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [77](https://www.legislation.gov.uk/uksi/2005/3229/regulation/77)
[^c21614411]: Source-1970 s.411(1)-(8); 1985 s.43; 1971 s.50(8)
[^c22774241]: [S. 577(2)(4)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/2/4/6) repealed (with effect in accordance with s. 72(1) of the repealing Act) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [Sch 14 Pt. 4](https://www.legislation.gov.uk/ukpga/1988/39/schedule/14/part/4)
[^c21614461]: Source-1980 s.54, 118(3); 1983 s.46(3)(b)
[^c21614471]: Source-1970 s.411(9)
[^c22780041]: Words in [s. 577(1)(a)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/9) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778801]: Words in [s. 577(1)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/9) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22781671]: Word at the end of s. 577(1)(a) inserted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(1)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/1/a)
[^c22781381]: Words in [s. 577(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/a) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22781411]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/3), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22782731]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (with application in accordance with [s. 73(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 73(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/2/b)
[^c22782751]: [S. 577(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8A) inserted (with application in accordance with [s. 73(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 73(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/73/3)
[^c23754921]: [S. 577(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/b) and preceding word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 62(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/62/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22781351]: [S. 577(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/c) and preceding word repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 51(1)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/51/1/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c23754941]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 62(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/62/3), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23754991]: Words in [s. 577(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a) re-numbered as s. 577(1)(a)(i) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 23(2)(a)
[^c23754961]: [S. 577(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/ii) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 23(2)(b)
[^c23755011]: Words in [s. 577(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755031]: Words in [s. 577(1)(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/1/a/i) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755051]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755071]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755101]: Words in [s. 577(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755121]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755141]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755161]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755181]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755201]: Words in [s. 577(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755221]: Words in [s. 577(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755241]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755261]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755281]: Words in [s. 577(7)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/7/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(5)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/5/b/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755311]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755341]: Words in [s. 577(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755421]: [S. 577(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/8A) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/7), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755361]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755381]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755401]: Words in [s. 577(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/577/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 235(8)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/235/8/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614491]: Source-1970 s.376
[^c23755531]: Words in [s. 578(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 237](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/237) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775891]: [S. 579](https://www.legislation.gov.uk/ukpga/1988/1/section/579) modified (with effect in accordance with s. 39(3)-(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 23](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/23)
[^c21614501]: Source-1970 s.412(1)-(6)
[^c22776841]: [S. 579(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2/a) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22776861]: Word in [s. 579(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2/b) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777001]: Words in [s. 579(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(2)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/2/a)
[^c22776911]: Words in [s. 579(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5/b) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777051]: Words in [s. 579(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(2)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/2/b)
[^c22777781]: Words in [s. 579(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c22780081]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778861]: [S. 579(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/4) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 43](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/43), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note (with Sch. 5 para. 73)
[^c22780091]: Words in [s. 579(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 43](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/43) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23755611]: [S. 579(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 63](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/63), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23755631]: [S. 579(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3/3A) substituted for s. 579(3) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 26(2)
[^c23755651]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755671]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755721]: Words in [s. 579(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755741]: Words in [s. 579(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755761]: Words in [s. 579(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755781]: Words in [s. 579(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755801]: Words in [s. 579(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/579/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 239(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/239/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614531]: Source-1970 s.412(7), (8)
[^c22777661]: Words in [s. 580(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/a)
[^c22777681]: Words in [s. 580(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/b) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/b)
[^c22777721]: Words in [s. 580(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/c) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(3)(c)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/3/c)
[^c22776951]: [S. 580(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/2) repealed (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/1996/18/schedule/3/part/1)
[^c22777801]: Words in [s. 580(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/a) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c22777821]: Words in [s. 580(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/1/c) substituted (24.9.1996) by [The Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16))](https://www.legislation.gov.uk/nisi/1996/1919), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1996/1919/article/1/2), [255](https://www.legislation.gov.uk/nisi/1996/1919/article/255), [Sch. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/1) (with [Sch. 2 para. 1](https://www.legislation.gov.uk/nisi/1996/1919/schedule/2/paragraph/1))
[^c23755831]: [S. 580(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/580/3) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 64](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/64), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21614601]: Source-1970 s.417; 1971 Sch.6 47
[^c22776561]: Word in [s. 582(a)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/a/i) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 14(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/14/1)
[^c22776151]: Words in [s. 582(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2/b) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para 32(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/32/a), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22776601]: Words in [s. 582(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/b/i) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 32(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/32/b)
[^c22776581]: [S. 582(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2A) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 14(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/14/2)
[^c22783181]: [S. 582(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/3A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 50](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/50)
[^c23755971]: [S. 582](https://www.legislation.gov.uk/ukpga/1988/1/section/582) modified (with effect in accordance with s. 56 of the modifying Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 7](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/7)
[^c23755871]: Words in [s. 582(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755891]: Words in [s. 582(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755911]: Words in [s. 582(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755931]: Words in [s. 582(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2/b/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755951]: Words in [s. 582(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/2/b/ii) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 243(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/243/3/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614631]: *See* 1979(C) s.13—*delayed remittances of capital gains.*
[^c21614641]: [S. 584(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/10) power exercised: 30.9.1993 appointed by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(b)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/b)
[^c21614651]: Source-1970 s.418(1), (2), (2A), (2B); 1987 (No.2) Sch.6 6
[^c21614681]: Source-1972 s.124(2)(a)
[^c21614691]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c21614761]: Source-1987 (No.2) Sch.6 6(5)
[^c22776641]: [S. 584(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2/2A) substituted for s. 584(2)(3) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/2)
[^c22776661]: Words in [s. 584(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/4) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/3)
[^c22776681]: Words in [s. 584(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/5) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/4)
[^c22776701]: [S. 584(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/6) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/5)
[^c22776741]: Words in [s. 584(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/8) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 33(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/33/7)
[^c23756041]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756061]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756081]: Words in [s. 584(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756121]: Words in [s. 584(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756141]: Word in [s. 584(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756161]: Words in [s. 584(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756181]: Words in [s. 584(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756201]: [S. 584(6)(a)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/584/6/a/7) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 245(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/245/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614791]: Source-1970 s.420
[^c23756281]: Words in [s. 586(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/586/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 247](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/247) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614801]: Source-1970 s.421
[^c23756341]: Words in [s. 587(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756301]: Words in [s. 587(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756321]: Words in [s. 587(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 248(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/248/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775921]: [S. 588](https://www.legislation.gov.uk/ukpga/1988/1/section/588) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para 24](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/24) (the modification consisting of the insertion of a s. 588(4A) for limited purposes, and that s. 588(4A) was repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note)
[^c21614821]: Source-1987 s.35(1)-(7)
[^c22780121]: Word in [s. 588(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22780811]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) inserted (with effect in accordance with [s. 93(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/93/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 11 para. 2](https://www.legislation.gov.uk/ukpga/1999/16/schedule/11/paragraph/2)
[^c23761531]: [S. 588(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/1) substituted for s. 588(1)(2) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761551]: [S. 588(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3/a/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761611]: [S. 588(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5/a) and word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/4), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761571]: Words in [s. 588(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23761591]: Words in [s. 588(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/6) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 67(6)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/67/6) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762051]: [S. 588(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 28(2)
[^c23762071]: [S. 588(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 28(3)
[^c23762091]: Word in [s. 588(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762111]: Words in [s. 588(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762131]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762161]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762181]: Word in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762241]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762201]: Words in [s. 588(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762221]: Word in [s. 588(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/588/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 250(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/250/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22776621]: Words in [s. 582A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/582A/1) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 29 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/29/paragraph/6)
[^c22776171]: [S. 582A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/582A/3) repealed (with effect in accordance with Sch. 7 para. 32, Sch. 41 Pt. 5(2) Note of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/22), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2)
[^c22781061]: Words in [s. 582(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/582/1) repealed (with effect in accordance with s. 111(6)(a) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17), Note 1
[^c23756021]: Words in [s. 582A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/582A/6) substituted (with effect in accordance with [s. 77](https://www.legislation.gov.uk/ukpga/2004/12/section/77) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 10(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/10/2)
[^c22776801]: Words in [s. 587A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/587A/1) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 33](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/33) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22774861]: [S. 577A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1A) inserted (with application in accordance with [s. 141(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 141(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/2)
[^c22774881]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) substituted (with application in accordance with s. 141(4)) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 141(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/141/3)
[^c22780061]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c22778831]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note
[^c22783101]: Words in [s. 577A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1) renumbered as s. 577A(1)(a) (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/2) of the amending Act) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 68(1)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/1/a)
[^c22783121]: [S. 577A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/b) and preceding word inserted (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 68(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/68/1/b)
[^c23755461]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) re-numbered as s. 577A(2)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 24(2)(a)
[^c23755441]: [S. 577A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2/b) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 24(2)(b)
[^c23755481]: Words in [s. 577A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/1/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 236(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/236/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23755511]: Words in [s. 577A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/577A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 236(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/236/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22775941]: [S. 589A](https://www.legislation.gov.uk/ukpga/1988/1/section/589A) modified (with effect in accordance with s. 39(4)(5) of the modifying Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para 25](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/25) (the modification consisting of the insertion of a s. 589A(9A) for limited purposes, and that s. 589A(9A) was repealed (with effect in accordance with s. 38(2)(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/4), Note)
[^c22780131]: Word in [s. 589A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/8) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23762311]: [S. 589A(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/1/1A) substituted for s. 589A(1) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762331]: [S. 589A(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/3/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762391]: [S. 589A(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/10) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 69(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/69/3/b), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23762411]: [S. 589A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/9) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 29(2)
[^c23762431]: Words in [s. 589A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762451]: Words in [s. 589A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762471]: Words in [s. 589A(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/589A/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 251(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/251/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23762551]: Words in [s. 589B(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/589B/5) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 70(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/70/3), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22781131]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) modified (with effect in accordance with reg. 30AA(3) of the modifying reg.) by the [Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30AA(1)(2)](https://www.legislation.gov.uk/uksi/1997/473/regulation/30AA/1/2) (as inserted (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [5](https://www.legislation.gov.uk/uksi/2000/2710/regulation/5))
[^c22783261]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): word in definition of "qualifying investment" repealed (with effect in accordance with s. 97(6) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/1), [Sch. 40 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/15), Note
[^c22783281]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): in definition of "qualifying investment", para. (e) and preceding word inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/1)
[^c22783301]: [S. 587B(9A)-(9E)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9A) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/2)
[^c22783321]: [S. 587B(9E)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9E/a) modified (temp.) (with effect in accordance with s. 97(6) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(7)(8)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/7/8)
[^c22783341]: [S. 587B(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/12) inserted (with effect in accordance with [s. 97(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 97(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/97/3)
[^c23756541]: [S. 587B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/4) substituted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/2)
[^c23756561]: [S. 587B(8A)-(8G)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8A) inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/3)
[^c23756601]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "obligation" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756661]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "offshore fund" substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 10](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/10) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23756621]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "related liabilities" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756641]: [S. 587B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/9): definition of "value of the net benefit to the charity" inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/4)
[^c23756581]: [S. 587B(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/10A) inserted (with effect in accordance with [s. 139(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/6) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 139(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/139/5)
[^c23756691]: Words in [s. 587B(8)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/8/b/i) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 27(2)
[^c23756751]: [S. 587B](https://www.legislation.gov.uk/ukpga/1988/1/section/587B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2005/2014/regulation/21); and that modifying reg. 21 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/2007/2134/regulation/20)
[^c23756711]: Words in [s. 587B(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 249(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/249/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23756731]: Words in [s. 587B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/587B/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 249(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/249/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22782771]: Word at the end of s. 578A(1)(a) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 11(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/11/a)
[^c22781871]: [S. 578A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1/c) and preceding word repealed (with effect in accordance with s. 57(4), Sch. 33 Pt. 2(1) Note of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 11(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/11/b), [Sch. 33 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/1)
[^c22783161]: [S. 578A(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2/3) modified (with effect in accordance with s. 80(2) of the 2002 amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 93A(4)(a)(6)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/93A/4/a/6/a) (as inserted by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 24 para. 4](https://www.legislation.gov.uk/ukpga/2002/23/schedule/24/paragraph/4))
[^c22783141]: [S. 578A(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2A/2B) inserted (with effect in accordance with [s. 60(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/60/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 60(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/60/1)
[^c23755551]: Words in [s. 578A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 25(2)
[^c23755571]: [S. 578A(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/2/bb) and preceding word inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 25(3)
[^c23755591]: Words in [s. 578A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/578A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 238](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/238) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21614081]: Source-1981 s.36(1)-(5)
[^c21614091]: Source-1981 s.36(6); 1980 s.37(3)
[^c22781111]: [S. 573(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/2) restricted (with effect in accordance with s. 63(4) of the affecting Act) by Finance Act 2000, Sch. 15 para. 70(2)
[^c22780901]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) substituted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/i)
[^c22780921]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) substituted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/ii)
[^c22780941]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) substituted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/iii)
[^c22780961]: Words in [s. 573(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(a)(iv)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/a/iv)
[^c22780981]: [S. 573(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/573/4A) inserted (with effect in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/2/b)
[^c22774841]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c21614221]: Source-1980 s.37(6)-(8); 1981 s.36(6)
[^c21614231]: Words in [s. 575(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1/c) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(34)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614241]: Words in [s. 575(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(34)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614261]: Words in [s. 575(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(34)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/34/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22781001]: [S. 575(1)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/575/1/ba) inserted (with effect in accordance with [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/3)
[^c22774851]: [Ss. 574-576](https://www.legislation.gov.uk/ukpga/1988/1/section/574) applied (with effect in accordance with s. 93(11) of the affecting Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12/paragraph/3/3)
[^c21614331]: Words in [s. 576(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation and Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(35)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/35/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614361]: Source-1980 s.37(12); 1981 s.36(6), (7); 1987 (No.2) s.71
[^c21614371]: Definition in s. 576(5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(35)(b)(i)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/35/b/i) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21614381]: Words in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/290/1), [Sch. 10 para. 14(35)(b)(ii)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/35/b/ii) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22798611]: Words in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) inserted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 6](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/6)
[^c21614401]: 1989 s.107*and* Sch.12 para.14*in relation to disposals made after* 31*March* 1989.*Previously* “(a) a trading company within the meaning of paragraph 7 of Schedule 19”.
[^c22779921]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) inserted (with effect in accordance with [s. 80(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/1)
[^c22779941]: [S. 576(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1A/1B) inserted (with effect in accordance with [s. 80(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/2)
[^c22779961]: [S. 576(4)-(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4) substituted for s. 576(4) (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/3)
[^c22779981]: Words in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) substituted (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/4/a)
[^c22780001]: Word in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) substituted (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/4/b)
[^c22780021]: [S. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5): definition of "shares" substituted (with effect in accordance with [s. 80(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/5/b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(4)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/4/c)
[^c22778781]: Words in [s. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5) repealed (with effect in accordance with s. 80(5)(b), Sch. 27 Pt. 3(16) Note of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 80(4)(d)](https://www.legislation.gov.uk/ukpga/1998/36/section/80/4/d), [Sch. 27 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/16)
[^c22781021]: Words in [s. 576(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1) substituted (with application in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/4/a)
[^c22781041]: [S. 576(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/1C) inserted (with application in accordance with [s. 63(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/63/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/3/4/b)
[^c22781831]: Words in [s. 576(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4) repealed (with effect in accordance with Sch. 15 para. 38(5)(6) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 38(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/2), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 3
[^c22782621]: [S. 576(4A)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4A/ab) inserted (with effect in accordance with [Sch. 15 para. 38(5)(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/5/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 38(3)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/3/a)
[^c22782671]: Words in [s. 576(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4A/b) substituted (with effect in accordance with [Sch. 15 para. 38(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 38(3)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/3/b)
[^c22782691]: Words in [s. 576(4A)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4A/d) inserted (with effect in accordance with [Sch. 15 para. 38(5)(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/5/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 38(3)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/38/3/c)
[^c22781851]: Words in [s. 576(4B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/4B/a) repealed (with effect in accordance with Sch. 15 para. 38(5)(6) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 3
[^c23753991]: [S. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5): definition of "civil partner" inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [78(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/78/b)
[^c23753971]: [S. 576(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/576/5): words in definition of "spouse" substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [78(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/78/a)
[^c23754601]: [S. 576B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/576B/9) inserted (6.4.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 paras. 11(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/11/3), [13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/13)
[^c23754621]: [S. 576D(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/576D/3A) inserted (retrospective to 6.4.2007 and with effect in accordance with art. 1(2) of the amending S.I.) by [The Income Tax Act 2007 (Amendment) (No. 2) Order 2009 (S.I. 2009/2859)](https://www.legislation.gov.uk/uksi/2009/2859), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/2859/article/2/2)
[^c23754681]: [S. 576K(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/576K/4) inserted (6.4.2007) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 16 paras. 11(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/16/paragraph/11/4), [13](https://www.legislation.gov.uk/ukpga/2008/9/schedule/16/paragraph/13)
[^c21615001]: Source-1970(F) s.19(1); 1971 s.21(2)
[^c21615011]: Source-1970(F) s.19(2)
[^c21615031]: Source-1970(F) s.19(2A), (2B); 1971 s.21(3); 1987 (No.2) Sch.3 1
[^c21615041]: Words in [s. 590(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/3/a) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), 34(2)(4)
[^c21615051]: 1988(F) s.35*and* Sch.3 para.18*on and after* 6*April* 1990.
[^c21615071]: [S. 590(3)(e)-(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/3/e) substituted for words in s. 590(3) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/3/3), [18(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/2) in respect of schemes not approved before 27 July 1989 (not applicable to certain employees of pre 14 March 1989 schemes). Previously: “ In paragraph (d) above “ the permitted maximum” means £100,000 or such other sum as may for the time being be specified in an order made by the Treasury.”; and those words in s. 590(3) (as originally enacted) amended (6.4.2005) by [The Retirement Benefits Schemes (Increase in Permitted Maximum in Transitional Cases) Order 2005 (S.I. 2005/723)](https://www.legislation.gov.uk/uksi/2005/723), [art. 2](https://www.legislation.gov.uk/uksi/2005/723/article/2)
[^c21615081]: [S. 590(3)(e)-(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/3/e) substituted for words in s. 590(3) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 3(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/3/3), [18(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/2) in respect of schemes not approved before 27 July 1989 (not applicable to certain employees of pre 14 March 1989 schemes). Previously: "In paragraph (d) above "the permitted maximum" means £100,000 or such other sum as may for the time being be specified in an order made by the Treasury."; and those words in s. 590(3) (as originally enacted) amended (6.4.2005) by [The Retirement Benefits Schemes (Increase in Permitted Maximum in Transitional Cases) Order 2005 (S.I. 2005/723)](https://www.legislation.gov.uk/uksi/2005/723), [art. 2](https://www.legislation.gov.uk/uksi/2005/723/article/2)
[^c21615091]: [S. 590(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/4A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 34(3)(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/34/3/4)
[^c21615101]: [S. 590(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/5/6) repealed (*retrospectively)* by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 36(2)(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/36/2/3), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 19](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19), [Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/part/V), Note 8
[^c21615121]: 1989 s.75*and* Sch.6 paras.3(4)*and* 18(3)—*to have effect where a determination is made on or after* 27*July* 1989.*Previously* “(7) For the purpose of determining whether a retirement benefits scheme, so far as it relates to a particular class or description of employees, satisfies or continues to satisfy the prescribed conditions—(a) that scheme shall be considered in conjunction with any other retirement benefits scheme or schemes relating to employees of that class or description, and (b) if those conditions are satisfied in the case of both or all of those schemes taken together, they shall be taken to be satisfied in the case of each of them, but otherwise those conditions shall be taken to be satisfied in the case of none of them.”.
[^c22893151]: [S. 590(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/2/a) substituted (with application in accordance with [Sch. 10 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 2(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/2/1); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22893171]: [S. 590(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/2/aa) inserted (with application in accordance with [Sch. 10 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 2(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/2/2); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22893191]: [S. 590(3)(ba)(bb)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/3/ba/bb/c) substituted for s. 590(3)(c) (with application in accordance with [Sch. 10 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10) para, 2(3) (with Sch. 10 para. 18(4)); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22893211]: Words in [s. 590(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/3/d) substituted (with application in accordance with [Sch. 10 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 2(4)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/2/4/a); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22893231]: Words in [s. 590(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/3/d) substituted (with application in accordance with [Sch. 10 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 2(4)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/2/4/b); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22893251]: [S. 590(3)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/3/da) inserted (with application in accordance with [Sch. 10 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 2(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/2/5) (with [Sch. 10 para. 18(5)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/5)); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22893271]: [S. 590(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/3A) inserted (with application in accordance with [Sch. 10 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 2(6)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/2/6); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22893291]: Words in [s. 590(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/4) substituted (with application in accordance with [Sch 10 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 2(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/2/7); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22893311]: [S. 590(4B)-(4F)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/4B) inserted (with application in accordance with [Sch. 10 para. 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 2(8)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/2/8); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c23484251]: Words in [s. 590(2)(aa)(3)(ba)(d)(3A)(4B)(4C)(4F)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/2/aa/3/ba/d/3A/4B/4C/4F) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [79(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/79/a)
[^c23484461]: Words in [s. 590(2)(aa)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/2/aa/ii) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [79(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/79/b)
[^c23484481]: Words in [s. 590(3)(b)(ba)(3A)(4B)(4C)(4F)](https://www.legislation.gov.uk/ukpga/1988/1/section/590/3/b/ba/3A/4B/4C/4F) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [79(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/79/c)
[^c21615131]: [Ss. 590A-590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590A) inserted by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 75](https://www.legislation.gov.uk/ukpga/1989/26/section/75), [Sch. 6 paras. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/4), [18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/6/paragraph/18/4)
[^c21615141]: Words in [s. 590B(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/590B/11) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(6)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/6/8)
[^c21615201]: [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1990-91) by [S.I. 1990/679](https://www.legislation.gov.uk/uksi/1990/679), [art. 2](https://www.legislation.gov.uk/uksi/1990/679/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1991-92) by [S.I. 1991/734](https://www.legislation.gov.uk/uksi/1991/734), [art. 2](https://www.legislation.gov.uk/uksi/1991/734/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1992-93) by [S.I. 1992/624](https://www.legislation.gov.uk/uksi/1992/624), [art. 2](https://www.legislation.gov.uk/uksi/1992/624/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.106](https://www.legislation.gov.uk/ukpga/1993/34/section/106) (in place of [S.I. 1993/757](https://www.legislation.gov.uk/uksi/1993/757), [art. 2](https://www.legislation.gov.uk/uksi/1993/757/article/2)) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1994-95) by [S.I. 1993/2950](https://www.legislation.gov.uk/uksi/1993/2950), [art. 2](https://www.legislation.gov.uk/uksi/1993/2950/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1995-96) by [S.I. 1994/3009](https://www.legislation.gov.uk/uksi/1994/3009), [art. 2](https://www.legislation.gov.uk/uksi/1994/3009/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1996-97) by [S.I. 1995/3034](https://www.legislation.gov.uk/uksi/1995/3034), [art. 2](https://www.legislation.gov.uk/uksi/1995/3034/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1997-98) by [S.I. 1996/2951](https://www.legislation.gov.uk/uksi/1996/2951), [art. 2](https://www.legislation.gov.uk/uksi/1996/2951/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1998-99) by [S.I. 1998/758](https://www.legislation.gov.uk/uksi/1998/758), [art. 2](https://www.legislation.gov.uk/uksi/1998/758/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (1999-2000) by [S.I. 1999/592](https://www.legislation.gov.uk/uksi/1999/592), [art. 2](https://www.legislation.gov.uk/uksi/1999/592/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (2000-01) by [S.I. 2000/807](https://www.legislation.gov.uk/uksi/2000/807), [art. 2](https://www.legislation.gov.uk/uksi/2000/807/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (2001-02) by [S.I. 2001/637](https://www.legislation.gov.uk/uksi/2001/637), [art. 2](https://www.legislation.gov.uk/uksi/2001/637/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (2002-03) by [S.I. 2002/700](https://www.legislation.gov.uk/uksi/2002/700), [art. 2](https://www.legislation.gov.uk/uksi/2002/700/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (2003-04) by [S.I. 2003/843](https://www.legislation.gov.uk/uksi/2003/843), [art. 2](https://www.legislation.gov.uk/uksi/2003/843/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (2004-05) by [S.I. 2004/773](https://www.legislation.gov.uk/uksi/2004/773), [art. 2](https://www.legislation.gov.uk/uksi/2004/773/article/2) [S. 590C](https://www.legislation.gov.uk/ukpga/1988/1/section/590C) amended (2005-06) by [S.I. 2005/720](https://www.legislation.gov.uk/uksi/2005/720), [art. 2](https://www.legislation.gov.uk/uksi/2005/720/article/2)
[^c21615231]: [S. 590C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/590C/1) applied (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 3(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1993/8/section/3/3/a/b), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21615251]: Words in [s. 590C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/590C/4) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(5)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/5/8)
[^c21615271]: Word in [s. 590C(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/590C/5) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(4)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/4/8)
[^c21615291]: [S. 590C(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/590C/5A) inserted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(5)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/5/8)
[^c21615381]: [S. 591](https://www.legislation.gov.uk/ukpga/1988/1/section/591) restricted (5.8.1991) by [S.I. 1991/1614](https://www.legislation.gov.uk/uksi/1991/1614), [reg. 3](https://www.legislation.gov.uk/uksi/1991/1614/regulation/3)
[^c21615391]: Source-1970(F) s.20(1); 1987 (No.2) Sch.3 3(2)
[^c21615401]: Source-1970(F) s.20(2); 1971 s.21(4); 1981 s.32; 1987 (No.2) Sch.3 3(3), (4)
[^c21615431]: Source-1970(F) s.20(3); 1987 Sch.15 3
[^c21615441]: Source-1970(F) s.20(4), (5); 1987 (No.2) Sch.3 3(5)
[^c21615451]: 1988(F) s.146*and* Sch.13 para.6 (*deemed always to have had effect*).*And see* S.I. [1987 No.412](https://www.legislation.gov.uk/ukcm/1987/412) (*in* Part III Vol.5)*regn.*2— “*The Pension Scheme Surpluses* (*Valuation*)*Regulations* 1989”.
[^c22886571]: Words in [s. 591(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/591/2/g) inserted (with application in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/107/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 107(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/107/2/a)
[^c22886591]: Words in [s. 591(2)(g)](https://www.legislation.gov.uk/ukpga/1988/1/section/591/2/g) repealed (with application in accordance with s. 107(4) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 107(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/107/2/b), [Sch. 26 Pt. 5(12)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/12), Note 2
[^c22886611]: [S. 591A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/591A/2A) inserted (with application in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/107/4) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 107(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/107/3)
[^c22888621]: [S. 591(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/591/3) substituted (with application in accordance with [s. 60(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/60/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 59(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/59/2)
[^c22893331]: Words in [s. 591(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/591/2/b) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 3(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/3/a)
[^c22893351]: [S. 591(2)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/591/2/ba) inserted (with application in accordance with [Sch. 10 para 18(3)(4)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/3/4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 3(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/3/b); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c23484591]: Words in [s. 591(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/591/2/b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [80(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/80/a)
[^c23484611]: Words in [s. 591(2)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/591/2/ba) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [80(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/80/b/i)
[^c23484631]: Words in [s. 591(2)(ba)](https://www.legislation.gov.uk/ukpga/1988/1/section/591/2/ba) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [80(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/80/b/ii)
[^c21615471]: [S. 591A](https://www.legislation.gov.uk/ukpga/1988/1/section/591A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s.35](https://www.legislation.gov.uk/ukpga/1991/31/section/35)
[^c22893371]: [S. 591A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/591A/2) disapplied (30.7.1999) by [The Retirement Benefits Schemes (Restriction on Discretion to Approve) (Additional Voluntary Contributions) (Amendment) Regulations 1999 (S.I. 1999/1964)](https://www.legislation.gov.uk/uksi/1999/1964), [regs. 1](https://www.legislation.gov.uk/uksi/1999/1964/regulation/1), [6](https://www.legislation.gov.uk/uksi/1999/1964/regulation/6)
[^c22889461]: [S. 591B](https://www.legislation.gov.uk/ukpga/1988/1/section/591B) modified (6.4.1996 for specified purposes and 6.4.1997 otherwise) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [ss. 68(5)](https://www.legislation.gov.uk/ukpga/1995/26/section/68/5), [s. 180(1)](https://www.legislation.gov.uk/ukpga/1995/26/section/180/1); [S.I. 1996/778](https://www.legislation.gov.uk/uksi/1996/778), [art. 2(5)(a)](https://www.legislation.gov.uk/uksi/1996/778/article/2/5/a), [Sch. Pt. 5](https://www.legislation.gov.uk/uksi/1996/778/schedule/part/5); [S.I. 1997/664](https://www.legislation.gov.uk/uksi/1997/664), [art. 2(3)](https://www.legislation.gov.uk/uksi/1997/664/article/2/3), [Sch. Pt. 2](https://www.legislation.gov.uk/uksi/1997/664/schedule/part/2)
[^c22889391]: [S. 591C](https://www.legislation.gov.uk/ukpga/1988/1/section/591C) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 239A](https://www.legislation.gov.uk/ukpga/1992/12/section/239A) (as inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 61(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/2))
[^c22891791]: Words in [s. 591C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/591C/3) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(20)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/20)
[^c22891811]: Words in [s. 591C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/591C/4) substituted (with effect in accordance with [Sch. 15 para. 1(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/1/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para 1(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/1/2)
[^c22891831]: [S. 591C(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/591C/6A) inserted (with effect in accordance with [Sch. 15 para. 1(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/1/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/1/3)
[^c22891851]: Words in [s. 591C(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/591C/7) substituted (with effect in accordance with [Sch. 15 para. 1(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/1/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 1(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/1/4)
[^c22891871]: [S. 591C(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/591C/8/9) inserted (with effect in accordance with [Sch. 15 para. 1(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/1/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 1(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/1/5)
[^c22896631]: Words in [s. 591C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/591C/1) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 3(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/3/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23483301]: Words in [s. 591C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/591C/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 252(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/252/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483181]: Words in [s. 591C(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/591C/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 252(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/252/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483321]: Words in [s. 591C(6A)(c)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/591C/6A/c/iii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 252(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/252/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22891891]: [S. 591D(3)(c)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/591D/3/c/d) substituted (with effect in accordance with [Sch. 15 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/2/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/2/1)
[^c22891911]: [S. 591D(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/591D/5) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 7(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/7/5)
[^c23481651]: [S. 591D(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/591D/6) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 71](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/71), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21615531]: *See* 1990 s.56*and* Sch.10 para.22—*convertible securities relieved of charge if held for purposes of exempt approved schemes.*
[^c21615541]: Source-1970(F) s.21(1)-(9); 1971 s.21(5); 1987 (No.2) Sch.3 4, 5
[^c21615561]: [S. 592(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/6A) inserted (with effect as mentioned in [s. 112](https://www.legislation.gov.uk/ukpga/1993/34/section/112) of the amending Act) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 112(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/112/6)
[^c21615571]: [1975 c. 60](https://www.legislation.gov.uk/ukpga/1975/60).
[^c21615581]: [S.I. 1975/1503 (N.I. 15)](https://www.legislation.gov.uk/nisi/1975/1503).
[^c21615591]: 1989 s.75*and* Sch.6 paras.5(2), (3)*and* 18(4)*for* 1989-90*and subsequent years.*
[^c21615601]: 1989 s.75*and* Sch.6 paras.5(4)*and* 18(4)*for* 1989-90*and subsequent years.* Subss.(8B)*to* (8E)*do not have effect as regards such remuneration as may be prescribed by regulations—for which see* Part III Vol.5 (*under* “*Retirement benefit schemes: tax relief for contributions*”).
[^c21615611]: Words in [s. 592(8E)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/8E) substituted (with effect for the year 1994-95 and subsequent years of assessment) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(6)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/6/8)
[^c23481991]: [S. 592(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/7) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 72](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/72) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483071]: [S. 592(5)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/5/a) substituted for words in s. 592(5) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 30(3)
[^c23483091]: [S. 592(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/6) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 30(4)
[^c23483131]: [S. 592(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/4) substituted (31.12.2004 with effect in accordance with art. 1 of the amending S.I.) by The Finance Act 2004, Sections 38 to 45 and Schedule 6 (Consequential Amendment of Enactments No. 2) Order 2004 ([S.I. 2004/3269](https://www.legislation.gov.uk/uksi/2004/3269)), art. 2(2)
[^c23484151]: [S. 592(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/2) applied (with modifications) (temp. 6.4.2005 to 5.4.2006) by [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [regs. 1](https://www.legislation.gov.uk/uksi/2005/1907/regulation/1), [5](https://www.legislation.gov.uk/uksi/2005/1907/regulation/5)
[^c23484171]: [S. 592(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/3) applied (with modifications) (temp. 6.4.2005 to 5.4.2006) by [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [regs. 1](https://www.legislation.gov.uk/uksi/2005/1907/regulation/1), [6](https://www.legislation.gov.uk/uksi/2005/1907/regulation/6)
[^c23483481]: Words in [s. 592(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 253(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/253/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483501]: Words in [s. 592(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 253(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/253/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483521]: Words in [s. 592(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/4/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 253(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/253/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484191]: [S. 592(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/592/6A) applied (temp. 6.4.2005 to 5.4.2006) by [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [regs. 1](https://www.legislation.gov.uk/uksi/2005/1907/regulation/1), [7](https://www.legislation.gov.uk/uksi/2005/1907/regulation/7)
[^c21615621]: Source-1970(F) Sch.5 Part II 6A; 1987 (No.2) Sch.3 12
[^c21615631]: *See* S.I. [1987 No.1749](https://www.legislation.gov.uk/ukcm/1987/1749) (*in* Part III Vol.5).
[^c21615641]: *See* S.I. [1987 No.1749](https://www.legislation.gov.uk/ukcm/1987/1749) (*in* Part III Vol.5).
[^c21615701]: [S. 594](https://www.legislation.gov.uk/ukpga/1988/1/section/594) applied (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 10(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/1993/8/section/10/4/b/ii), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21615711]: Source-1970(F) s.22; 1972 s.74(3); 1987 (No.2) Sch.3 6
[^c21615721]: 1989 s.75*and* Sch.6 paras.6(2)*and* 18(1)*on and after* 14*March* 1989.
[^c21615731]: 1989 s.75*and* Sch.6 paras.6(3)*and* 18(4)*for* 1989-90*and subsequent years.*
[^c21615741]: 1989 s.75*and* Sch.6 paras.6(4)(5)*and* 18(4)*for* 1989-90*and subsequent years.* Subss.(4) to (7)*do not have effect as regards such remuneration as may be prescribed by regulations.*
[^c21615751]: Words in [s. 594(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/594/7) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(6)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/6/8)
[^c23482011]: Words in [s. 594(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/594/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 73(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/73/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482031]: Words in [s. 594(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/594/1) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 73(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/73/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21615881]: Source-1970(F) Sch.5 Part II 2, 3; 1971 Sch.3 7; 1987 (No.2) Sch.3 9
[^c21615891]: 1989 s.75*and* Sch.6 paras.10*and* 18(1)*on and after* 14*March* 1989.
[^c21615901]: 20*per cent. on and after* 6*April* 1988—*see* S.I. [1988 No.504](https://www.legislation.gov.uk/ukcm/1988/504)*in* Part III Vol.5
[^c23483541]: Word in [s. 598(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/598/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 254(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/254/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483561]: Words in [s. 598(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/598/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 254(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/254/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616021]: Source-1970(F) Sch.5 Part II 2, 3; 1971 Sch.3 7; 197 (No.2) Sch.3 9
[^c21616031]: 1989 s.75*and* Sch.6 paras.11(2)*and* 18(1)*on and after* 14*March* 1989.
[^c21616061]: 1989 s.75*and* Sch.6 paras.11(3)*and* 18(8)*where the charge to tax under* s.559*arises on or after* 14*March* 1989*except where the scheme came into being before that date and the employee became a member before* 1*June* 1989.
[^c21616071]: Words in [s. 599(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/599/12) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(6)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/6/8)
[^c22891771]: [S. 599](https://www.legislation.gov.uk/ukpga/1988/1/section/599) applied (1.4.1998) by [The Local Government Pension Scheme (Scotland) Regulations 1998 (S.I. 1998/366)](https://www.legislation.gov.uk/uksi/1998/366), [regs. 1](https://www.legislation.gov.uk/uksi/1998/366/regulation/1), [48(8)](https://www.legislation.gov.uk/uksi/1998/366/regulation/48/8), [49(3)](https://www.legislation.gov.uk/uksi/1998/366/regulation/49/3)
[^c22888641]: [S. 599(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/599/8) substituted (with application in accordance with [s. 60(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/60/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 59(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/59/3)
[^c22893471]: Words in [s. 599(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/599/1) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/7/1)
[^c22893491]: [S. 599(1A)-(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/599/1A) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/7/1)
[^c22893501]: Words in [s. 599(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/599/6) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 7(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/7/2)
[^c23483581]: Word in [s. 599(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/599/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 255(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/255/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483601]: Word in [s. 599(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/599/1B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 255(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/255/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483621]: Words in [s. 599(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/599/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 255(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/255/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484661]: Words in [s. 599(1B)(1C)(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/599/1B/1C/1D) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [81](https://www.legislation.gov.uk/uksi/2005/3229/regulation/81)
[^c21616091]: 1989 s.75*and* Sch.6 paras.12*and* 18(9)*in relation to payments made on or after* 27*July* 1989.
[^c22889501]: [S. 599A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/599A/7) repealed (with effect in accordance with s. 121(8) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 122(7)(c)](https://www.legislation.gov.uk/ukpga/1996/8/section/122/7/c), [Sch. 41 Pt. 5(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/6), Note 3
[^c23481671]: [S. 599A(5)(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/599A/5/6/8) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 77](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/77), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483641]: [S. 599A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/599A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 256](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/256) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616161]: Source-1986 Sch.12 1; 1970(F) Sch.5 Part II 4; 1971 Sch.3 12(5)
[^c22900141]: Words in [s. 601(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/601/2) substituted (with application in accordance with [s. 74(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/74/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 74(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/74/2)
[^c22900161]: [S. 601(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/601/2A) inserted (with application in accordance with [s. 74(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/74/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 74(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/74/3)
[^c23483661]: [S. 601(5)(b)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/601/5/b/i/ii) substituted for words in s. 601(5)(b) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 257](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/257) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616171]: Source-1986 Sch.12 2(1), (i), (2), (4)-(6)
[^c21616181]: *For regulations see* Part III Vol.5 (*under* “*Pension Schemes Surpluses: administration*”).
[^c23483201]: Words in [s. 602(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/602/1/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 258](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/258), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616191]: Source-1970(F) Sch.5 Part II 6, 7, 8, 9; 1987 (No.2), Sch.3 11, 13-15
[^c22891991]: Words in [s. 604(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/604/1) substituted (with effect in accordance with [Sch. 15 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/3/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 3(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/3/1/a)
[^c22892011]: Words in [s. 604(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/604/1/c) inserted (with effect in accordance with [Sch. 15 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/3/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/3/1/b)
[^c22892031]: [S. 604(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/604/1A) inserted (with effect in accordance with [Sch. 15 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/3/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/3/2)
[^c21616201]: Source-1970(F) Sch.5 Part II 6, 7, 8, 9; 1987 (No.2) Sch.3 11, 13-15
[^c22887591]: [S. 605(1A)-(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/605/1A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 105(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/105/2)
[^c22889411]: [S. 605(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/605/1/2) repealed (1.1.1996) by [Finance Act 1994 (c. 4)](https://www.legislation.gov.uk/ukpga/1994/4), [s. 105(3)(5)](https://www.legislation.gov.uk/ukpga/1994/4/section/105/3/5), [Sch. 26 Pt. 5(12)](https://www.legislation.gov.uk/ukpga/1994/4/schedule/26/part/5/12), Note 3; [S.I. 1995/3125](https://www.legislation.gov.uk/uksi/1995/3125), [art. 2](https://www.legislation.gov.uk/uksi/1995/3125/article/2)
[^c21616221]: 1989 s.75*and* Sch.6 paras.14*and* 18(1)*on and after* 14*March* 1989.
[^c22892051]: [S. 605(1B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/605/1B/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 4](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/4)
[^c22887631]: [S. 606](https://www.legislation.gov.uk/ukpga/1988/1/section/606) substituted (with application in accordance with [s. 104(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/104/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 104(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/104/1)
[^c22892241]: [S. 606(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/606/9A) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/5/1)
[^c22892281]: [S. 606(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/606/11A) inserted (with effect in accordance with [Sch. 15 para. 5(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/5/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 15 para. 5(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/15/paragraph/5/2)
[^c23482051]: Words in [s. 606(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/606/9) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 79(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/79/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482091]: Words in [s. 606(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/606/11/b) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 79(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/79/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23484211]: [S. 606](https://www.legislation.gov.uk/ukpga/1988/1/section/606) excluded (temp. 6.4.2005 to 5.4.2006) by [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [regs. 1](https://www.legislation.gov.uk/uksi/2005/1907/regulation/1), [8(2)](https://www.legislation.gov.uk/uksi/2005/1907/regulation/8/2)
[^c23482951]: [S. 606(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/606/13) substituted (with effect in accordance with [s. 155(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/155/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/1/2)
[^c23482971]: [S. 606(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/606/13) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c21616261]: Source-1980 s.35
[^c21616271]: *See* Sch.1 para.4 Pilotage Act 1987—continuation of fund following repeal of s.15(1)(i) Pilotage Act 1983 by Pilotage Act 1987 (*on and after* 1*February* 1988*by virtue of* S.I. [1987 No. 2138](https://www.legislation.gov.uk/ukcm/1987/2138)).
[^c21616281]: [1983 c. 21](https://www.legislation.gov.uk/ukpga/1983/21).
[^c22887651]: Words in [s. 607(3)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/607/3/b/iii) substituted (with application in accordance with [s. 104(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/104/3) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 104(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/104/2)
[^c23482101]: Words in [s. 607(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/607/2/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 80(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/80/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482121]: Words in [s. 607(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/607/2/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 80(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/80/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482151]: [S. 607(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/607/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 80(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/80/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482171]: Words in [s. 607(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/607/3/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 80(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/80/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481731]: [S. 607(3)(b)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/section/607/3/b/iv) and preceding word repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 80(6)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/80/6), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483681]: Words in [s. 607(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/607/2/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 259(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/259/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483701]: Words in [s. 607(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/607/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 259(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/259/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616291]: Source-1980 s.36 (1), (2), (4), (6)
[^c23481741]: [S. 608(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/608/4) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 81](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/81), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483721]: Words in [s. 608(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/608/2/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 260(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/260/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483741]: Words in [s. 608(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/608/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 260(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/260/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483761]: Words in [s. 608(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/608/2/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 260(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/260/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21616301]: Source-1971 s.22(1)-(3)
[^c21616311]: Source-1970(F) s.25
[^c21616321]: Source-1971 Sch.3 5
[^c22893591]: Words in [s. 611(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/611/3) substituted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 9(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/9/1)
[^c22893621]: Words in [s. 611(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/611/4/b) substituted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para 9(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/9/1)
[^c22893661]: [S. 611(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/611/6) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 9(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/9/2)
[^c22901081]: Words in [s. 611(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/611/1) renumbered as s. 611(1)(a) (28.7.2000) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/4/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896651]: [S. 611(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/611/1/b) and preceding word added (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/4/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896671]: Words in [s. 611(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/611/3) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 4(3)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/4/3/a), [Sch. 40 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/4) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896701]: Words in [s. 611(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/611/3) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/4/3/b) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896721]: Words in [s. 611(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/611/4/a) substituted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/4/4) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896741]: [S. 611(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/611/6/c) and preceding word added (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 4(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/4/5) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c21616341]: *Definition employed for purposes of* S.I. [1987 No.1749](https://www.legislation.gov.uk/ukcm/1987/1749), regn.5(2), (“The Occupational Pension Schemes (Addditional Voluntary Contributions) Regulations 1987”—*in* Part III Vol.5).
[^c22893681]: [S. 611A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/611A/1) substituted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 5(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/5/1)
[^c22893701]: [S. 611A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/611A/5) added (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 5(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/5/2)
[^c22893721]: [1987 c.45](https://www.legislation.gov.uk/ukpga/1987/45).
[^c22893731]: [1979 c.50](https://www.legislation.gov.uk/ukpga/1979/50).
[^c22893741]: [1965 c.18(N.I.)](https://www.legislation.gov.uk/apni/1965/18).
[^c22893751]: [S.I. 1976/1779](https://www.legislation.gov.uk/uksi/1976/1779).
[^c21616351]: Source-1970(F) s.26 (1); 1971 Sch.3 12(4); 1986 Sch.12 1(10); 1987 (No.2) Sch.3 7
[^c21616361]: *Definition employed for purposes of* S.I. [1987 No.1749](https://www.legislation.gov.uk/ukcm/1987/1749), regn.2(1A) (“The Occupational Pension Schemes (Additional Voluntary Contributions) Regulations 1987”—*in* Part III Vol.5).
[^c21616371]: *See* s.686—*liability to additional rate of certain income of discretionary trusts.*
[^c21616381]: *Interpretation employed for purposes of* S.I. [1987 No.1749](https://www.legislation.gov.uk/ukcm/1987/1749), regn.2(1) (“The Occupational Pension Schemes (Additional Voluntary Contributions) Regulations 1987” *in* Part III Vol.5).
[^c21616391]: Source-1970(F) s.26(2); 1987 (No.2) Sch.3 8
[^c21616401]: *For regulations see* Part III Vol.5
[^c21616411]: Source-1970(F) Sch.5 Part II 10; 1971 Sch.3 13(3)
[^c22887711]: [S. 612(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/1): definition of "administrator" repealed (with effect in accordance with s. 103(3) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 103(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/103/2), [Sch. 26 Pt. 5(12)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/12), Note 4
[^c22893761]: Words in [s. 612(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/1) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/10/1)
[^c22893781]: Words in [s. 612(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/2) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/10/2/a)
[^c22893801]: Words in [s. 612(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/2) substituted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 10(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/10/2/b)
[^c22893821]: Words in [s. 612(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/2) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 10(2)(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/10/2/c)
[^c22893841]: [S. 612(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/2A) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 10(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/10/3)
[^c23482191]: [S. 612(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/1): words in definition of "remuneration" substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 82(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/82/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482211]: [S. 612(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/1): words in definition of "remuneration" substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 82(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/82/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482231]: [S. 612(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/2) applied (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 400(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/400/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23484701]: Words in [s. 612(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [82(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/82/a)
[^c23484721]: Words in [s. 612(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/612/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [82(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/82/b)
[^c23484231]: [S. 611AA](https://www.legislation.gov.uk/ukpga/1988/1/section/611AA) excluded (temp. 6.4.2005 to 5.4.2006) by [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [regs. 1](https://www.legislation.gov.uk/uksi/2005/1907/regulation/1), [9(2)](https://www.legislation.gov.uk/uksi/2005/1907/regulation/9/2)
[^c21616431]: [1939 c. 49](https://www.legislation.gov.uk/ukpga/1939/49).
[^c21616451]: [1965 c. 18 (N.I.)](https://www.legislation.gov.uk/apni/1965/18).
[^c21616461]: [S.I. 1976/1779](https://www.legislation.gov.uk/uksi/1976/1779).
[^c22901091]: Words in [s. 613(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/4) substituted (with effect in accordance with [s. 52(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/52/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/4)
[^c23484131]: [S. 613(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/613/1/2) (which were repealed by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 83](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/83), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1)) restored (retrospectively) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 10 para. 63](https://www.legislation.gov.uk/ukpga/2005/7/schedule/10/paragraph/63)
[^c21617661]: Source-1970 s.219(3)
[^c21617671]: Words in [s. 617(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3/a) substituted (1.7.1992) by [Social Security (Consequential Provisions) Act 1992 (c. 6)](https://www.legislation.gov.uk/ukpga/1992/6), [ss. 4](https://www.legislation.gov.uk/ukpga/1992/6/section/4), [7(2)](https://www.legislation.gov.uk/ukpga/1992/6/section/7/2), [Sch. 2 para. 93(4)](https://www.legislation.gov.uk/ukpga/1992/6/schedule/2/paragraph/93/4)
[^c21617681]: Words in [s. 617(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3/b) substituted (1.7.1992) by [Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9)](https://www.legislation.gov.uk/ukpga/1992/9), [ss. 4](https://www.legislation.gov.uk/ukpga/1992/9/section/4), [7(2)](https://www.legislation.gov.uk/ukpga/1992/9/section/7/2), [Sch. 2 para. 33(4)](https://www.legislation.gov.uk/ukpga/1992/9/schedule/2/paragraph/33/4)
[^c22889541]: [S. 617(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/5) repealed (with effect in accordance with s. 147(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 147(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/147/1), [Sch. 41 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/15), Note
[^c22890381]: [S. 617(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4) substituted (with effect in accordance with [s. 65(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/65/5) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 65(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/65/3)
[^c22893901]: Words in [s. 617(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4) substituted (with effect in accordance with [s. 61(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/61/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/61/1)
[^c22899941]: [S. 617(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/6) repealed (24.4.2000 for specified purposes and 9.4.2001 otherwise) by [Welfare Reform and Pensions Act 1999 (c. 30)](https://www.legislation.gov.uk/ukpga/1999/30), [s. 89(1)](https://www.legislation.gov.uk/ukpga/1999/30/section/89/1), [Sch. 8 para. 1(3)](https://www.legislation.gov.uk/ukpga/1999/30/schedule/8/paragraph/1/3), [Sch. 13 Pt. 5](https://www.legislation.gov.uk/ukpga/1999/30/schedule/13/part/5); [S.I. 2000/1047](https://www.legislation.gov.uk/uksi/2000/1047), [art. 2(2)(a)](https://www.legislation.gov.uk/uksi/2000/1047/article/2/2/a), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2000/1047/schedule/part/1)
[^c23481861]: [S. 617(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/1/2) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 87(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/87/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482271]: [S. 617(4)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/d/e) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 87(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/87/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483111]: Words in [s. 617(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004, Sch. para. 31(2)
[^c23483341]: Words in [s. 617(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483361]: Words in [s. 617(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483381]: Word at the end of s. 617(4)(b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483221]: [S. 617(4)(d)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/4/d/e) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483401]: [S. 617(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/617/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 262(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/262/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21617761]: Source-1987 (No.2) s.54
[^c21617771]: 1988(F) s.54(2)—*deemed always to have had effect. Previously* “4th January”.
[^c21617791]: Source-1970 s.226(1), (4), 227(1)
[^c21617801]: Source-1970 s.227(1A), (1B); 1971 s.20(2); 1980 s.31(1), (2)
[^c21617811]: Source-1970 s.227(1BB); 1980 s.33(2)
[^c21617821]: Source-1970 s.227(10), (11), (13)
[^c21617831]: 1989 s.170(4)(a), (6)*in relation to things done or omitted to be done on or after* 27*July* 1989.*Previously* “£500”.
[^c22889561]: Words in [s. 619(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/619/4) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 17](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/17)
[^c21617841]: Source-1970 s.226(1)(b), 1971 s.20(1)
[^c21617851]: Source-1970 s.226(2), 226A(5); 1976 s.30(2); 1971 s.20(3)
[^c21617861]: Source-1970 s.226(3), 226A(5)
[^c21617871]: Source-1970 s.226(5)-(7)
[^c21617881]: Source-1970 s.226(12), (13); 1987 (No.2) Sch.2 1
[^c21617891]: [1867 c. 144](https://www.legislation.gov.uk/ukpga/1867/144).
[^c23484741]: Words in [s. 620(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/620/2/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [83(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/83/2/a)
[^c23484771]: Words in [s. 620(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/620/2/d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [83(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/83/2/b)
[^c23484791]: Words in [s. 620(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/620/4/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [83(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/83/3/a)
[^c23484811]: Words in [s. 620(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/620/4/d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [83(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/83/3/b)
[^c21617901]: Source-1970 s.226A(1)-(4), (6), (7); 1971 Sch.2 1; 1976 s.30(2)
[^c23484831]: Words in [s. 621(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/621/1/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [84(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/84/2)
[^c23484851]: Words in [s. 621(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/621/3/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [84(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/84/3/a)
[^c23484871]: Words in [s. 621(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/621/3/c) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [84(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/84/3/b)
[^c23484891]: Words in [s. 621(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/621/5) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [84(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/84/4)
[^c21617911]: Source-1978 s.26(1)-(3); 1987 (No.2) Sch.2 4
[^c23484911]: Words in [s. 622(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/622/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [85](https://www.legislation.gov.uk/uksi/2005/3229/regulation/85)
[^c21617921]: Source-1970 s.226(8)-(10); 1976 s.30(2); 1972 Sch.24 17
[^c21617931]: *[S. 623(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/1) and words in s. 623(2) repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c22892331]: [S. 623(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/2/c) extended (with effect in accordance with s. 44 of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 6 paras. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/2)
[^c21617951]: *Words in [s. 623(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/2/c) repealed by* 1988(F) s.148*and* Sch.14 Part V*from* 6*April* 1988.
[^c21617961]: 1989 s.107*and* Sch.12 para.15—*in relation to accounting periods beginning after* 31*March* 1989.*Previously* “(construed in accordance with paragraph 7 of Schedule 19)”.
[^c21617971]: Source-1970 s.227(4), (5)(a), (aa), (b), (6); 1971 Sch.8 16; 1970 s.33(3); 1981 s.35; 1986 s.56(7), Sch.13 2
[^c21617981]: *Words in [s. 623(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/6/c) repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21617991]: *Words in [s. 623(7)(a)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/7/a/8) repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21618001]: Source-1970 s.227(8), (9); 1980 s.33(4); 1981 s.35
[^c22900681]: [S. 623(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/2/c) extended (with effect in accordance with Sch. 22 paras. 16-18 of the extending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 4](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/4)
[^c22900081]: Words in [s. 623(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/5) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 53](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/53)
[^c23483801]: Words in [s. 623(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/2/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 263(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/263/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483821]: [S. 623(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/2/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 263(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/263/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483841]: Words in [s. 623(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/6/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 263(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/263/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483861]: [S. 623(6)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/623/6/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 263(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/263/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21618031]: Source-1970 s.226(11)
[^c21618041]: Source-1970 s.226(9), 224(1)
[^c21618051]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21618061]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c23482291]: Words in [s. 624(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/624/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 89](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/89) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21618071]: Source-1970 s.277A; 1980 s.32(1)
[^c21618081]: Source-1970 s.228; 1987 (No.2) s.54(2)
[^c21618121]: Source-1974 s.16; 1982 s.39(1); 1980 s.34(3)
[^c21618131]: 1988(F) s.35*and* Sch.3 para.19*for* 1990-91*and subsequent years. Previously* “his widow or a dependant of his”.
[^c23484931]: Words in [s. 628(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/628/1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [86](https://www.legislation.gov.uk/uksi/2005/3229/regulation/86)
[^c21618211]: Source-1987 (No.2) s.18
[^c21618241]: 1988(F) s.55(1)—*from* 1*July* 1988.
[^c22888811]: [S. 630](https://www.legislation.gov.uk/ukpga/1988/1/section/630) renumbered as s. 630(1) (with effect in accordance with [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/1) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/2/2)
[^c22888661]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): definition of "authorised insurance company" substituted (with effect in accordance with [s. 60(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/60/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 59(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/59/4)
[^c22896861]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): definition of "pension date" inserted (with effect in accordance with [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/2/2)
[^c22888831]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): words in definition of "personal pension scheme" inserted (with effect in accordance with [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/2/2)
[^c22888851]: [S. 630(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/2) inserted (with effect in accordance with [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 2(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/2/3)
[^c22896761]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): words in definition of "approved" inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para 2(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/2/a) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896781]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): in definition of "approved", words in para. (b) renumbered as para. (b)(i) (28.7.2000) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/2/b) (with Sch. 13 Pt, 2)
[^c22896821]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): in definition of "approved", para. (b) and preceding word inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/2/b) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896911]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): definition of "approved converted scheme" inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/4/a) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896931]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): definition of "approved retirement benefits scheme" inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/4/b) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896951]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): definition of "the earnings threshold" inserted (with effect in accordance with [Sch. 13 para. 5(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/4/c) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897011]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): definition of "higher level contributions" inserted (with effect in accordance with [Sch. 13 para. 5(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(4)(d)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/4/d) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22896831]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): definition of "income withdrawal" inserted (with effect in accordance with [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/2/2)
[^c22896881]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): words in definition of "pension date" inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/3) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897031]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): definition of "the personal pension fund" inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(4)(e)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/4/e) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897061]: [S. 630(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1): definition of "retirement benefits scheme" inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(4)(f)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/4/f) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897071]: [S. 630(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/1A) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/5) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897101]: Words in [s. 630(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/2/a) substituted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(6)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/6/a) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897111]: Words in [s. 630(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/2) added (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(6)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/6/b) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897131]: [S. 630(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/630/3) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 5(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/5/7), [Sch. 40 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/4) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c21618251]: Source-1987 (No.2) s.19
[^c21618261]: *See* S.I. [1987 No.1765](https://www.legislation.gov.uk/ukcm/1987/1765) (*in* Part III Vol.5)*for regulations governing the provisional approval of schemes where application is made before* 10*August* 1989.
[^c22892351]: Words in [s. 631(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/631/2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 94(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/94/2)
[^c22897641]: Words in [s. 631(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/631/2) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/6/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897661]: [S. 631(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/631/2A) inserted (with effect in accordance with [Sch. 13 para. 6(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/6/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 6(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/6/3) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897681]: Words in [s. 631(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/631/3) inserted (with effect in accordance with [Sch. 13 para. 6(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/6/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 6(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/6/4) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c21618271]: Source-1987 (No.2) s.20
[^c21618291]: [1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53).
[^c21618301]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1988 No.993](https://www.legislation.gov.uk/ukcm/1988/993)
[^c21618351]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1988 No.993](https://www.legislation.gov.uk/ukcm/1988/993)
[^c21618361]: [1985 c.6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21618371]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1986 No.1032](https://www.legislation.gov.uk/ukcm/1986/1032).
[^c21618381]: 1988(F) s.54(2)(a)—*deemed always to have had effect. Previously* “4th January”.
[^c22891551]: [S. 632(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/aa) inserted (24.10.1997) by [The Personal Pension Schemes (Establishment of Schemes) Order 1997 (S.I. 1997/2388)](https://www.legislation.gov.uk/uksi/1997/2388), [arts. 1](https://www.legislation.gov.uk/uksi/1997/2388/article/1), [3(a)](https://www.legislation.gov.uk/uksi/1997/2388/article/3/a)
[^c22891571]: [S. 632(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/e) added (24.10.1997) by [The Personal Pension Schemes (Establishment of Schemes) Order 1997 (S.I. 1997/2388)](https://www.legislation.gov.uk/uksi/1997/2388), [arts. 1](https://www.legislation.gov.uk/uksi/1997/2388/article/1), [3(b)](https://www.legislation.gov.uk/uksi/1997/2388/article/3/b)
[^c22891591]: [S. 632(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/2B) inserted (24.10.1997) by [The Personal Pension Schemes (Establishment of Schemes) Order 1997 (S.I. 1997/2388)](https://www.legislation.gov.uk/uksi/1997/2388), [arts. 1](https://www.legislation.gov.uk/uksi/1997/2388/article/1), [5](https://www.legislation.gov.uk/uksi/1997/2388/article/5)
[^c22900001]: Words in [s. 632(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1) substituted (1.10.2000) by [The Personal Pension Schemes (Establishment of Schemes) Order 2000 (S.I. 2000/2317)](https://www.legislation.gov.uk/uksi/2000/2317), [arts. 1](https://www.legislation.gov.uk/uksi/2000/2317/article/1), [2(2)](https://www.legislation.gov.uk/uksi/2000/2317/article/2/2)
[^c22900021]: [S. 632(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1A) inserted (1.10.2000) by [The Personal Pension Schemes (Establishment of Schemes) Order 2000 (S.I. 2000/2317)](https://www.legislation.gov.uk/uksi/2000/2317), [arts. 1](https://www.legislation.gov.uk/uksi/2000/2317/article/1), [2(3)](https://www.legislation.gov.uk/uksi/2000/2317/article/2/3)
[^c22900431]: Words in [s. 632(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/a) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 41(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/41/2)
[^c22900471]: [S. 632(1)(aa)-(ac)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/aa) substituted for s. 632(1)(aa) (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 41(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/41/3)
[^c22900491]: [S. 632(1)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/bb) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 41(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/41/4)
[^c22900511]: [S. 632(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/c) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 41(5)](https://www.legislation.gov.uk/uksi/2001/3629/article/41/5)
[^c22900531]: Words in [s. 632(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/cc) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 41(6)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/41/6/a)
[^c22900551]: Words in [s. 632(1)(cc)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/cc) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 41(6)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/41/6/b)
[^c22900571]: [S. 632(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/d) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 41(7)](https://www.legislation.gov.uk/uksi/2001/3629/article/41/7)
[^c22900591]: [S. 632(1)(e)(i)-(iii)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/1/e/i) substituted for s. 632(1)(e)(i)(ii) (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I 2001/3629), art. 41(8)
[^c22900611]: [S. 632(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/2) substituted for s. 632(2)(2ZA) (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 41(9)](https://www.legislation.gov.uk/uksi/2001/3629/article/41/9)
[^c22900631]: [S. 632(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/632/2B) omitted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 41(10)](https://www.legislation.gov.uk/uksi/2001/3629/article/41/10)
[^c21618401]: Source-1987 (No.2) s.21
[^c22888891]: Words in [s. 633(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/633/1/a) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 3(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/3/2)
[^c22888911]: Words in [s. 633(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/633/1/c) inserted (1.5.1995) by Finance Act 1995 (c 4), Sch. 11 para. 3(3)
[^c22888931]: Words in [s. 633(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/633/1/d) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/3/4)
[^c22888951]: [S. 633(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/633/1/e) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 3(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/3/5)
[^c22889581]: Words in [s. 633(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/633/1/e) substituted (with effect in accordance with [s. 172(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/172/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 172(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/172/1)
[^c22897741]: [S. 633(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/633/2) repealed (with effect in accordance with Sch. 13 para. 9(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 9(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/9/2), [Sch. 40 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/4), Note 1 (with Sch. 13 Pt. 2)
[^c21618411]: Source-1987 (No.2) s.22
[^c22893961]: Words in [s. 634(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/634/6) substituted (with application in accordance with [Sch. 10 para. 18(8)(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/8/9) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para 12(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/12/1); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c23484991]: Words in [s. 634(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/634/5/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [88](https://www.legislation.gov.uk/uksi/2005/3229/regulation/88)
[^c21618451]: Source-1987 (No.2) s.23
[^c21618461]: 1989 s.77*and* Sch.7 para.2(2)*in relation to the approval of a scheme on or after* 27*July* 1989*but if the scheme came into existence before* 27*July* 1989 para.2(2)*shall not have effect as regards arrangements made by a member in accordance with the scheme before that date. Previously* “(3) The lump sum must not exceed one quarter of the total value, at the time when the lump sum is paid, of the benefits for the member provided for by the arrangements made by him in accordance with the scheme.”.
[^c21618471]: Words in [s. 635(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/635/3/b) substituted (7.2.1994) by [Pension Schemes Act 1993 (c. 48)](https://www.legislation.gov.uk/ukpga/1993/48), [ss. 190](https://www.legislation.gov.uk/ukpga/1993/48/section/190), [193(2)](https://www.legislation.gov.uk/ukpga/1993/48/section/193/2), [Sch. 8 para. 20(2)](https://www.legislation.gov.uk/ukpga/1993/48/schedule/8/paragraph/20/2) (with [ss. 6(8)](https://www.legislation.gov.uk/ukpga/1993/48/section/6/8), [164](https://www.legislation.gov.uk/ukpga/1993/48/section/164)); [S.I. 1994/86](https://www.legislation.gov.uk/uksi/1994/86), [art. 2](https://www.legislation.gov.uk/uksi/1994/86/article/2)
[^c21618481]: Words in [s. 635(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/635/3/b) substituted (7.2.1994) by [Pension Schemes (Northern Ireland) Act 1993 (c. 49)](https://www.legislation.gov.uk/ukpga/1993/49), [ss. 184](https://www.legislation.gov.uk/ukpga/1993/49/section/184), [186(2)](https://www.legislation.gov.uk/ukpga/1993/49/section/186/2), [Sch. 7 para. 22(1)](https://www.legislation.gov.uk/ukpga/1993/49/schedule/7/paragraph/22/1); [S.R. 1994/17](https://www.legislation.gov.uk/nisr/1994/17), [art. 2](https://www.legislation.gov.uk/nisr/1994/17/article/2)
[^c21618491]: *Words repealed by* 1989 ss.77, 187*and* Schs.7 para. 2(3)*and* 17 Part IV*in relation to approvals on or after* 27*July* 1989.
[^c22888991]: Words in [s. 635(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/635/1) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 5(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/5/2)
[^c22889011]: Words in [s. 635(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/635/2) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 5(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/5/3)
[^c22889031]: Words in [s. 635(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/635/3/a) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 5(4)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/5/4/a)
[^c22889071]: Words in [s. 635(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/635/3/b) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 5(4)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/5/4/b)
[^c22894001]: Words in [s. 635(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/635/5) inserted (with application in accordance with [Sch. 10 para. 18(8)(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/8/9) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 12(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/12/3); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c21618501]: Source-1987 (No.2) s.24
[^c22889091]: Words in [s. 636(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/636/3) substituted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/6)
[^c22894021]: [S. 636(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/636/3A) inserted (with application in accordance with [Sch. 10 para. 18(8)(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/8/9) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 13(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/13/1); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22894041]: Words in [s. 636(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/636/10) substituted (with application in accordance with [Sch. 10 para. 18(8)(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/8/9) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 13(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/13/2); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c23485011]: Words in [s. 636(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/636/2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [89(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/89/2)
[^c23485031]: Words in [s. 636(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/636/5) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [89(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/89/3)
[^c23485091]: Words in [s. 636(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/636/6) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [89(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/89/4)
[^c23485111]: Words in [s. 636(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/636/7) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [89(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/89/5)
[^c23485161]: Words in [s. 636(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/636/9/a) omitted (5.12.2005) by virtue of [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [89(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/89/6)
[^c23485181]: Words in [s. 636(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/636/9/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [89(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/89/6)
[^c22889131]: [Ss. 637](https://www.legislation.gov.uk/ukpga/1988/1/section/637), [637A](https://www.legislation.gov.uk/ukpga/1988/1/section/637A) substituted for s. 637 (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/8)
[^c21618601]: Source-1987 (No.2) s.27
[^c21618611]: *For regulations see* Part III Vol.5 (*under* “*Personal pension schemes*”).
[^c21618621]: Source-1987 (No.2) s.29
[^c21618631]: Source-1987 (No.2) s.30
[^c21618641]: Words in [s. 638(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/6/c) substituted (7.2.1994) by [Pension Schemes Act 1993 (c. 48)](https://www.legislation.gov.uk/ukpga/1993/48), [ss. 190](https://www.legislation.gov.uk/ukpga/1993/48/section/190), [193(2)](https://www.legislation.gov.uk/ukpga/1993/48/section/193/2), [Sch. 8 para. 20(3)](https://www.legislation.gov.uk/ukpga/1993/48/schedule/8/paragraph/20/3) (with [ss. 6(8)](https://www.legislation.gov.uk/ukpga/1993/48/section/6/8), [164](https://www.legislation.gov.uk/ukpga/1993/48/section/164)); [S.I. 1994/86](https://www.legislation.gov.uk/uksi/1994/86), [art. 2](https://www.legislation.gov.uk/uksi/1994/86/article/2)
[^c21618651]: Words in [s. 638(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/6/c) substituted (7.2.1994) by [Pension Schemes (Northern Ireland) Act 1993 (c. 49)](https://www.legislation.gov.uk/ukpga/1993/49), [ss. 184](https://www.legislation.gov.uk/ukpga/1993/49/section/184), [186(2)](https://www.legislation.gov.uk/ukpga/1993/49/section/186/2), [Sch. 7 para. 22(2)](https://www.legislation.gov.uk/ukpga/1993/49/schedule/7/paragraph/22/2); [S.R. 1994/17](https://www.legislation.gov.uk/nisr/1994/17), [art. 2](https://www.legislation.gov.uk/nisr/1994/17/article/2)
[^c21618661]: [S. 638(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/7/8) substituted for s. 638(7) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 55(2)(4)](https://www.legislation.gov.uk/ukpga/1988/39/section/55/2/4)
[^c22889171]: [S. 638(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/7A) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 9](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/9)
[^c22892981]: Word in [s. 638(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/6/c) substituted (25.2.1999 for specified purposes and 1.4.1999 otherwise) by [Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2)](https://www.legislation.gov.uk/ukpga/1999/2), [s. 28(2)(a)(3)](https://www.legislation.gov.uk/ukpga/1999/2/section/28/2/a/3), [Sch. 1 para. 3](https://www.legislation.gov.uk/ukpga/1999/2/schedule/1/paragraph/3) (with [Sch. 8](https://www.legislation.gov.uk/ukpga/1999/2/schedule/8)); [S.I. 1999/527](https://www.legislation.gov.uk/uksi/1999/527), [art. 2(b)](https://www.legislation.gov.uk/uksi/1999/527/article/2/b), [Sch. 2](https://www.legislation.gov.uk/uksi/1999/527/schedule/2)
[^c22893111]: Words in [s. 638(6)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/6/c) repealed (1.4.1999) by [The Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999 (S.I. 1999/671)](https://www.legislation.gov.uk/uksi/1999/671), [art. 1(3)](https://www.legislation.gov.uk/uksi/1999/671/article/1/3), [Sch. 1 para. 3](https://www.legislation.gov.uk/uksi/1999/671/schedule/1/paragraph/3), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/uksi/1999/671/schedule/9/part/1) (with [Sch. 7](https://www.legislation.gov.uk/uksi/1999/671/schedule/7)); [S.R. 1999/149](https://www.legislation.gov.uk/nisr/1999/149), [art. 2(c)](https://www.legislation.gov.uk/nisr/1999/149/article/2/c), [Sch. 2](https://www.legislation.gov.uk/nisr/1999/149/schedule/2)
[^c22898531]: Words in [s. 638(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/3/a) inserted (with effect in accordance with [Sch. 13 para. 13(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/13/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 13(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/13/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22901181]: Words in [s. 638(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/4) repealed (with effect in accordance with Sch. 13 para 13(7), Sch. 40 Pt. 2(4) Note 2 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 13(3)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/13/3/a), [Sch. 40 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/4)
[^c22898621]: [S. 638(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/4/b) and preceding word repealed (with effect in accordance with Sch. 13 para 13(7), Sch. 40 Pt. 2(4) Note 2 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 13(3)(b)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/13/3/b/c), [Sch. 40 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/4)
[^c22898551]: [S. 638(7B)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/7B) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 13(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/13/4) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898571]: [S. 638(9)-(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/9) inserted (with effect in accordance with [Sch. 13 para. 13(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/13/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 13(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/13/5) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898631]: [1992 c. 12](https://www.legislation.gov.uk/ukpga/1992/12).
[^c23482311]: Words in [s. 638(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/7) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 90(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/90/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482331]: Words in [s. 638(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/11) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 90(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/90/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482351]: Words in [s. 638(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/11) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 90(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/90/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482371]: Words in [s. 638(12)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/12/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 90(4)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/90/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482391]: Words in [s. 638(12)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/12/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 90(4)(b)(i)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/90/4/b/i) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482411]: Words in [s. 638(12)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/12/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 90(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/90/4/b/ii) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481911]: Words in [s. 638(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/13) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 90(5)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/90/5/a), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482431]: Words in [s. 638(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/638/13) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 90(5)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/90/5/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22893981]: Words in [s. 634A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/634A/6) inserted (with application in accordance with [Sch. 10 para 18(8)(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/8/9) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 12(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/12/2); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22897781]: Words in [s. 634A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/634A/4) substituted (1.10.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 10(2)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/10/2/a/5) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897801]: [S. 634(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/634/4/a/b) substituted for words in s. 634(4) (with effect in accordance with [Sch. 13 para. 10(6)(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/10/6/7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para 10(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/10/2/b) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897821]: [S. 634A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/634A/5) substituted (1.10.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 10(3)(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/10/3/5) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897841]: [S. 634A(5A)-(5D)](https://www.legislation.gov.uk/ukpga/1988/1/section/634A/5A) inserted (with effect in accordance with [Sch. 13 para. 10(6)(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/10/6/7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 10(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/10/4) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897761]: [S. 634A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/634A/1A) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 11(2)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/11/2/6) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22901161]: Words in [s. 634A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/634A/4/b) renumbered as s. 634A(4)(b)(i) (6.4.2001) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 11(3)(a)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/11/3/a/6) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897891]: Words in [s. 634A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/634A/4/b) added (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 11(3)(b)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/11/3/b/6) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897911]: [S. 634A(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/634A/4A) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 11(4)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/11/4/6) (with [Sch 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22897931]: Words in [s. 634A(5D)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/634A/5D/b) substituted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 11(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/11/5/6) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22894061]: Words in [s. 636A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/636A/7) inserted (with application in accordance with [Sch. 10 para. 18(8)(9)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/18/8/9) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 14](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/14); [S.I. 2000/1093](https://www.legislation.gov.uk/uksi/2000/1093), [art. 2](https://www.legislation.gov.uk/uksi/2000/1093/article/2)
[^c22898471]: [S. 636A(5)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/636A/5/a/b) substituted for words in s. 636A(5) (1.10.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 12(3)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/12/3/6) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898451]: [S. 636A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/636A/1A) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 12(2)(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/12/2/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22901171]: Words in [s. 636A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/636A/5/b) renumbered as s. 636A(5)(b)(i) (6.4.2001) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 12(4)(a)(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/12/4/a/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898491]: Words in [s. 636A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/636A/5/b) added (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 12(4)(b)(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/12/4/b/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898511]: [S. 636A(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/636A/5A) inserted (6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 12(5)(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/12/5/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22889601]: [S. 637A](https://www.legislation.gov.uk/ukpga/1988/1/section/637A) substituted (with effect in accordance with [s. 172(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/172/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 172(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/172/2)
[^c23484971]: Words in [s. 632A(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/632A/9) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [87](https://www.legislation.gov.uk/uksi/2005/3229/regulation/87)
[^c22900121]: [S. 632B(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/632B/4/a) modified (6.4.2001 in accordance with art. 1(1) of the modifying S.I.) by [The Personal Pension Schemes (Concurrent Membership) Order 2000 (S.I. 2000/2318)](https://www.legislation.gov.uk/uksi/2000/2318), [art. 3(1)](https://www.legislation.gov.uk/uksi/2000/2318/article/3/1)
[^c22898661]: [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48).
[^c22898671]: [1993 c. 49](https://www.legislation.gov.uk/ukpga/1993/49).
[^c21618691]: *For regulations see* Part III Vol.5 (*under* “*Personal pension schemes*”).
[^c21618701]: Source-1987 (No.2) s.48
[^c21618711]: Source-1987 (No.2) s.49
[^c22898681]: [S. 639(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/639/1)(2)(2A) substituted for s. 639(1)(2) (with effect in accordance with [Sch. 13 para. 15(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 15(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898701]: [S. 639(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/639/3) substituted (with effect in accordance with [Sch. 13 para. 15(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 15(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/3) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898721]: [S. 639(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/639/4) substituted (with effect in accordance with [Sch. 13 para. 15(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 15(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/4) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898741]: [S. 639(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/639/4A) inserted (with effect in accordance with [Sch. 13 para. 15(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 15(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/5) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898761]: Words in [s. 639(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/639/5) substituted (with effect in accordance with [Sch. 13 para. 15(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 15(6)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/6/a) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898781]: Words in [s. 639(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/639/5) substituted (with effect in accordance with [Sch. 13 para. 15(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 15(6)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/6/b) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898801]: [S. 639(5A)(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/639/5A/5B) inserted (with effect in accordance with [Sch. 13 para. 15(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 15(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898821]: Words in [s. 639(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/639/7) substituted (with effect in accordance with [Sch. 13 para. 15(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 15(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/15/8) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c21618721]: Source-1987 (No.2) s.32
[^c21618731]: 1989 s.77*and* Sch.7 para.3*for* 1989-90*and subsequent years. Previously* “51 to 55—20 per cent., 56 to 60—22.5 per cent., 61 or more—27.5 per cent.”.
[^c22898841]: Words in [s. 640(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/640/1) substituted (with effect in accordance with [Sch. 13 para. 16(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/2/a) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898861]: Words in [s. 640(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/640/1) inserted (with effect in accordance with [Sch. 13 para. 16(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/2/b) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898881]: Words in [s. 640(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/640/3) substituted (with effect in accordance with [Sch. 13 para. 16(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 16(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/4) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898901]: Words in [s. 640(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/640/3) substituted (with effect in accordance with [Sch. 13 para. 16(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 16(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/5) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898921]: [S. 640(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/640/3A) inserted (with effect in accordance with [Sch. 13 para. 16(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/9) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/6) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22898941]: Words in [s. 640(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/640/4) substituted (with effect in accordance with [Sch. 13 para. 16(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/8) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 16(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/16/7) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c21618761]: Words in [s. 640A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/640A/4) substituted (27.7.1993 with effect for 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 107(6)(8)](https://www.legislation.gov.uk/ukpga/1993/34/section/107/6/8)
[^c23482991]: Words in [s. 640A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/640A/1) substituted (with effect in accordance with [s. 174(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/174/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 174(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/174/1)
[^c21618801]: Source-1987 (No.2) s.39(1)
[^c21618811]: Source-1987 (No.2) s.41(1), (2)
[^c22889211]: [S. 643(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/643/5) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 11 para. 11](https://www.legislation.gov.uk/ukpga/1995/4/schedule/11/paragraph/11)
[^c23481891]: [S. 643(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/643/1) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 91(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/91/2), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23481931]: Words in [s. 643(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/643/5) repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 91(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/91/3), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21618821]: Source-1987 (No.2) s.35
[^c21618831]: 1989 s.77*and* Sch.7 para.5(2)*from* 6*April* 1989.*Previously* “(5)”.
[^c22892411]: [S. 644(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/2/c) extended (with effect in accordance with s. 44 of the extending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 6 paras. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/1), [2](https://www.legislation.gov.uk/ukpga/1998/36/schedule/6/paragraph/2)
[^c21618841]: 1989 s.107*and* Sch. 12 para.16*in relation to accounting periods beginning after* 31*March* 1989.*Previously* “ “investment income” shall be construed in accordance with paragraph 7 of Schedule 19.”.
[^c21618851]: 1989 s.77*and* Sch.7 para.5(3)*from* 6*April* 1989.
[^c21618861]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c22900701]: [S. 644(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/2/c) extended (with effect in accordance with Sch. 22 paras. 16-18 of the extending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 22 para. 4](https://www.legislation.gov.uk/ukpga/2002/23/schedule/22/paragraph/4)
[^c22894081]: [S. 644(6EA)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/6EA) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 15(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/15/1)
[^c22894101]: Words in [s. 644(6F)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/6F) substituted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/15/2/a)
[^c22894121]: Words in [s. 644(6F)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/6F/c) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 15(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/15/2)b)
[^c22894141]: Words in [s. 644(6F)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/6F/d) inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 15(2)(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/15/2/c)
[^c23482631]: [S. 644](https://www.legislation.gov.uk/ukpga/1988/1/section/644) modified (6.4.2003 with effect in accordance with s. 723(1) of the modifying Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 56(8)](https://www.legislation.gov.uk/ukpga/2003/1/section/56/8) (with [s. 48(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/48/2))
[^c23482471]: Words in [s. 644(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/2/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 92(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/92/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482491]: Words in [s. 644(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/2/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 92(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/92/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482511]: Words in [s. 644(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 92(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/92/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482541]: Words in [s. 644(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/4/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 92(5)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/92/5) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482561]: Words in [s. 644(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/4/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 92(6)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/92/6) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482581]: Words in [s. 644(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/5) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 92(7)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/92/7/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482601]: Words in [s. 644(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/6A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 92(7)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/92/7/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482611]: Words in [s. 644(6D)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/6D/c) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 92(7)(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/92/7/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482621]: Words in [s. 644(6E)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/6E/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 92(7)(d)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/92/7/d) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483881]: Words in [s. 644(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/2/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 264(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/264/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483901]: [S. 644(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/2/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 264(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/264/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23485201]: Words in [s. 644(6F)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/644/6F/c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [90](https://www.legislation.gov.uk/uksi/2005/3229/regulation/90)
[^c21618871]: Source-1987 (No.2) s.36
[^c21618881]: 1989 s.77*and* Sch.7 para.6(2), (3)*from* 6*April* 1989.*Previously* “neither subsection (4) nor subsection (5) below applies” *in* subs.(1).
[^c21618891]: *Repealed by* 1989 ss.77*and* 187, Schs.7 para.6(3)*and* 17 Part IV*from* 6*April* 1989.
[^c21618911]: 1989 s.77*and* Sch.7 para.6(4)*from* 6*April* 1989.
[^c21618921]: *Repealed by* 1989 ss.77*and* 187, Schs.7 para.6(5)*and* 17 Part IV*from* 6*April* 1989.
[^c22899091]: Word preceding s. 645(3)(c) repealed (28.7.2000) by Finance Act 2000 (c, 17), Sch. 13 para. 20(2), Sch. 40 Pt. 2(4) (with Sch. 13 Pt. 2)
[^c22899141]: [S. 645(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/645/3/d) and preceding word inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 20(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/20/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23482651]: Words in [s. 645(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/645/3/c) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 93(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/93/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482671]: Words in [s. 645(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/645/4A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 93(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/93/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482691]: Words in [s. 645(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/645/4A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 93(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/93/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482711]: Words in [s. 645(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/645/4A) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 93(3)(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/93/3/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482731]: [S. 645(4B)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/645/4B) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 93(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/93/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23485221]: Words in [s. 645(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/645/4/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [91](https://www.legislation.gov.uk/uksi/2005/3229/regulation/91)
[^c21618931]: Source-1987 (No.2) s.37
[^c21618941]: 1989 s.77*and* Sch.7 para.7*for the year* 1989-90*and subsequent years.*
[^c21618951]: *Words repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21618961]: 1990(C) s.164*and* Sch.1 para.8(29).*Previously* “under the 1968 Act (including the enactments which under this Act or the 1970 Act are to be treated as contained in Part I of the 1968 Act)”.
[^c21618971]: *Words repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c22899251]: Words in [s. 646(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/646/5) substituted (with effect in accordance with [Sch. 13 para. 21(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/21/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 21(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/21/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899271]: Words in [s. 646(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/646/6) substituted (with effect in accordance with [Sch. 13 para. 21(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/21/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 21(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/21/3) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c22899301]: [S. 646(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/646/7) repealed (with effect in accordance with Sch. 13 para. 21(5), Sch. 40 Pt. 2(4) Note 5 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 21(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/21/4), [Sch. 40 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/4)
[^c22900101]: Words in [s. 646(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/646/3) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 54](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/54)
[^c23482751]: [S. 646(2)(b)-(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/646/2/b) substituted for s. 646(2)(b) (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 94](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/94) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483921]: Words in [s. 646(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/646/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 265(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/265/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483941]: [S. 646(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/646/2/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 265(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/265/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483961]: Words in [s. 646(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/646/2/bb) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 265(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/265/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23482771]: Words in [s. 646A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/646A/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 95(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/95/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482791]: Words in [s. 646A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/646A/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 95(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/95/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23483011]: Words in [s. 641A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/641A/1) substituted (with effect in accordance with [s. 174(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/174/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 174(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/174/3)
[^c21619071]: Source-1987 (No.2) s.42.
[^c21619081]: Words in [s. 649(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/1) substituted (7.2.1994) by [Pension Schemes Act 1993 (c. 48)](https://www.legislation.gov.uk/ukpga/1993/48), [ss. 190](https://www.legislation.gov.uk/ukpga/1993/48/section/190), [193(2)](https://www.legislation.gov.uk/ukpga/1993/48/section/193/2), [Sch. 8 para. 20(3)](https://www.legislation.gov.uk/ukpga/1993/48/schedule/8/paragraph/20/3) (with [ss. 6(8)](https://www.legislation.gov.uk/ukpga/1993/48/section/6/8), [164](https://www.legislation.gov.uk/ukpga/1993/48/section/164)); [S.I. 1994/86](https://www.legislation.gov.uk/uksi/1994/86), [art. 2](https://www.legislation.gov.uk/uksi/1994/86/article/2)
[^c21619101]: *For regulations see* Part III Vol.5 (*under* “*Personal pension schemes*”).
[^c21619111]: Words in [s. 649(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/6/b) substituted (7.2.1994) by [Pension Schemes Act 1993 (c. 48)](https://www.legislation.gov.uk/ukpga/1993/48), [ss. 190](https://www.legislation.gov.uk/ukpga/1993/48/section/190), [193(2)](https://www.legislation.gov.uk/ukpga/1993/48/section/193/2), [Sch. 8 para. 20(5)](https://www.legislation.gov.uk/ukpga/1993/48/schedule/8/paragraph/20/5) (with [ss. 6(8)](https://www.legislation.gov.uk/ukpga/1993/48/section/6/8), [164](https://www.legislation.gov.uk/ukpga/1993/48/section/164)); [S.I. 1994/86](https://www.legislation.gov.uk/uksi/1994/86), [art. 2](https://www.legislation.gov.uk/uksi/1994/86/article/2)
[^c21619121]: Words in [s. 649(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/6/b) substituted (7.2.1994) by [Pension Schemes (Northern Ireland) Act 1993 (c. 49)](https://www.legislation.gov.uk/ukpga/1993/49), [ss. 184](https://www.legislation.gov.uk/ukpga/1993/49/section/184), [186(2)](https://www.legislation.gov.uk/ukpga/1993/49/section/186/2), [Sch. 7 para. 22(3)](https://www.legislation.gov.uk/ukpga/1993/49/schedule/7/paragraph/22/3); [S.R. 1994/17](https://www.legislation.gov.uk/nisr/1994/17), [art. 2](https://www.legislation.gov.uk/nisr/1994/17/article/2)
[^c22890091]: [S. 649(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/2): definition of "the employee's share" substituted (E.W.S.) (6.4.1997) by [Pensions Act 1995 (c. 26)](https://www.legislation.gov.uk/ukpga/1995/26), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/1995/26/schedule/5/paragraph/12); [S.I. 1997/664](https://www.legislation.gov.uk/uksi/1997/664), [art. 2(3)](https://www.legislation.gov.uk/uksi/1997/664/article/2/3), [Sch. Pt. 2](https://www.legislation.gov.uk/uksi/1997/664/schedule/part/2)
[^c22891671]: [S. 649(6)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/6/bb) inserted (N.I.) (6.4.1997) by [The Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213)](https://www.legislation.gov.uk/uksi/1995/3213), [art. 1(2)](https://www.legislation.gov.uk/uksi/1995/3213/article/1/2), [Sch. 3 para. 8](https://www.legislation.gov.uk/uksi/1995/3213/schedule/3/paragraph/8); [S.R. 1997/192](https://www.legislation.gov.uk/nisr/1997/192), [art. 2(b)](https://www.legislation.gov.uk/nisr/1997/192/article/2/b)
[^c22893001]: Words in [s. 649(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/1) substituted (25.2.1999 for specified purposes and 1.4.1999 otherwise) by [Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2)](https://www.legislation.gov.uk/ukpga/1999/2), [s. 28(2)(a)](https://www.legislation.gov.uk/ukpga/1999/2/section/28/2/a), [Sch. 1 para. 4(2)](https://www.legislation.gov.uk/ukpga/1999/2/schedule/1/paragraph/4/2) (with [Sch. 8](https://www.legislation.gov.uk/ukpga/1999/2/schedule/8)); [S.I. 1999/527](https://www.legislation.gov.uk/uksi/1999/527), [art. 2(b)](https://www.legislation.gov.uk/uksi/1999/527/article/2/b), [Sch. 2](https://www.legislation.gov.uk/uksi/1999/527/schedule/2)
[^c22893021]: Word in [s. 649(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/3) substituted (25.2.1999 for specified purposes and 1.4.1999 otherwise) by [Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2)](https://www.legislation.gov.uk/ukpga/1999/2), [s. 28(2)(a)](https://www.legislation.gov.uk/ukpga/1999/2/section/28/2/a), [Sch. 1 para. 4(3)](https://www.legislation.gov.uk/ukpga/1999/2/schedule/1/paragraph/4/3) (with [Sch. 8](https://www.legislation.gov.uk/ukpga/1999/2/schedule/8)); [S.I. 1999/527](https://www.legislation.gov.uk/uksi/1999/527), [art. 2(b)](https://www.legislation.gov.uk/uksi/1999/527/article/2/b), [Sch. 2](https://www.legislation.gov.uk/uksi/1999/527/schedule/2)
[^c22893061]: [S. 649(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/4/a/b) repealed (25.2.1999 for specified purposes and 1.4.1999 otherwise) by [Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2)](https://www.legislation.gov.uk/ukpga/1999/2), [s. 28(2)(a)](https://www.legislation.gov.uk/ukpga/1999/2/section/28/2/a), [Sch. 1 para. 4(4)](https://www.legislation.gov.uk/ukpga/1999/2/schedule/1/paragraph/4/4), [Sch. 10 Pt. 1](https://www.legislation.gov.uk/ukpga/1999/2/schedule/10/part/1) (with [Sch. 8](https://www.legislation.gov.uk/ukpga/1999/2/schedule/8)); [S.I. 1999/527](https://www.legislation.gov.uk/uksi/1999/527), [art. 2(b)](https://www.legislation.gov.uk/uksi/1999/527/article/2/b), [Sch. 2](https://www.legislation.gov.uk/uksi/1999/527/schedule/2)
[^c22893041]: [S. 649(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/5) substituted (25.2.1999 for specified purposes and 1.4.1999 otherwise) by [Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2)](https://www.legislation.gov.uk/ukpga/1999/2), [s. 28(2)(a)](https://www.legislation.gov.uk/ukpga/1999/2/section/28/2/a), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/ukpga/1999/2/schedule/1/paragraph/4/5) (with [Sch. 8](https://www.legislation.gov.uk/ukpga/1999/2/schedule/8)); [S.I. 1999/527](https://www.legislation.gov.uk/uksi/1999/527), [art. 2(b)](https://www.legislation.gov.uk/uksi/1999/527/article/2/b), [Sch. 2](https://www.legislation.gov.uk/uksi/1999/527/schedule/2)
[^c22893091]: [S. 649(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/649/6/a) repealed (1.4.1999) by [The Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999 (S.I. 1999/671)](https://www.legislation.gov.uk/uksi/1999/671), [art. 1(3)](https://www.legislation.gov.uk/uksi/1999/671/article/1/3), [Sch. 1 para. 4](https://www.legislation.gov.uk/uksi/1999/671/schedule/1/paragraph/4), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/uksi/1999/671/schedule/9/part/1) (with [Sch. 7](https://www.legislation.gov.uk/uksi/1999/671/schedule/7)); [S.R. 1999/149](https://www.legislation.gov.uk/nisr/1999/149), [art. 2(c)](https://www.legislation.gov.uk/nisr/1999/149/article/2/c), [Sch. 2](https://www.legislation.gov.uk/nisr/1999/149/schedule/2)
[^c21619131]: Source-1987 (No.2) s.43
[^c22892421]: [S. 650(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/650/6) inserted (with effect in accordance with [s. 95(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 95(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/95/2)
[^c21619141]: Source-1987 (No.2) s.47
[^c22899441]: Words in [s. 651(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/651/1/a) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/24/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c21619161]: Source-1987 (No.2) s.51(1)
[^c21619171]: 1989 s.170(4)(b)*in relation to things done or omitted to be done on or after* 27*July* 1989.*Previously* “£500”.
[^c22893941]: [S. 654](https://www.legislation.gov.uk/ukpga/1988/1/section/654) applied (with modifications) (with effect in accordance with s. 52(2) of the affecting Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 5 para. 6](https://www.legislation.gov.uk/ukpga/1999/16/schedule/5/paragraph/6)
[^c21619181]: Source-1987 (No.2) s.52
[^c21619191]: [1987 c. 45](https://www.legislation.gov.uk/ukpga/1987/45).
[^c21619201]: Source-1987 (No.2) s.55.
[^c21619211]: 1988(F) s.54 (*which also specifies changes to* ss.20, 54, 55*and* 56 of 1987 (No.2)).*Deemed always to have had effect. Previously* “1984-85, 1985-86 or 1986-87”.
[^c21619221]: 1988(F) s.54 (*which also specifies changes to* ss.20, 54, 55*and* 56*of* 1987 (No.2)).*Deemed always to have had effect. Previously* “1987-88”, “4th January” *and* “August 1989” *respectively.*
[^c21619231]: Source-1987 (No.2) s.56
[^c21619251]: *For regulations see* S.I. [1987 No.1765](https://www.legislation.gov.uk/ukcm/1987/1765)*in* Part III Vol.5.
[^c22899461]: Words in [s. 655(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/655/1/a) substituted (with effect in accordance with [Sch. 13 para. 25(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/25/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 13 para. 25(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/25/2) (with [Sch. 13 Pt. 2](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/part/2))
[^c23483421]: Words in [s. 650A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/650A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 267(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/267/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483251]: Words in [s. 650A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/650A/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 267(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/267/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483981]: Words in [s. 648B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/648B/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 266(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/266/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484001]: Words in [s. 648B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/648B/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 266(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/266/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21619331]: Source-1970 s.230(1)
[^c21619341]: Source-1970 s.230(2A); 1970(F) Sch.4 8
[^c21619351]: Source-1970 s.230(2)(a)-(c)
[^c21619361]: Source-1970 s.230(2)(d), (2A); 1970(F) Sch.4 8
[^c21619371]: Source-1970 s.230(3)-(5)
[^c21619381]: [S. 656(7)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/7) inserted (retrospectively) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 76(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/76/1)
[^c23484021]: Words in [s. 656(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484041]: Words in [s. 656(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23484061]: Words in [s. 656(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/656/5/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 268(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/268/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21619391]: Source-1970 s.230(6), (7); 1978 s.26(4); 1987 (No.2), s.41(3)
[^c22894161]: [S. 657(2)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/da) substituted for word at the end of s. 657(2)(d) (retrospectively) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 80](https://www.legislation.gov.uk/ukpga/1999/16/section/80)
[^c22894211]: [S. 657(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/f) and preceding word inserted (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1999/16/schedule/10/paragraph/16)
[^c23482811]: Words in [s. 657(2)(f)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/f/i) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 97](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/97) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23484111]: Words in [s. 657(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/657/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 269](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/269) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21619401]: Source-1970 s.231
[^c21619411]: *For regulations see* Part III Vol.5 (*under* “*Life annuities, purchased*”).
[^c21619421]: 1989 s.170(4)(c)*in relation to things done or omitted to be done on or after* 27*July* 1989.*Previously* “£500”.
[^c23483441]: Words in [s. 658(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483271]: Words in [s. 658(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23483461]: [S. 658(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/658/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 270(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/270/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23568681]: Words in [s. 658A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/658A/1) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 98](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/98) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22901221]: [S. 659B(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/659B/1/1A) substituted for s. 659B(1) (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 42(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/42/2)
[^c22901241]: [S. 659B(3)(4)(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/659B/3/4/10) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 42(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/42/3)
[^c23482851]: [S. 659B(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/659B/9/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 99(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/99/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482871]: Words in [s. 659B(9)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/659B/9/c) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 99(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/99/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23482891]: [S. 659B(9)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/659B/9/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 99(4)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/99/4) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22901311]: Words in [s. 659D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/659D/2) substituted (1.11.1999) by [Welfare Reform and Pensions Act 1999 (c. 30)](https://www.legislation.gov.uk/ukpga/1999/30), [s. 89(4)(e)](https://www.legislation.gov.uk/ukpga/1999/30/section/89/4/e), [Sch. 12 para. 13](https://www.legislation.gov.uk/ukpga/1999/30/schedule/12/paragraph/13)
[^c23485251]: Words in [s. 659D(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/659D/1) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [92(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/92/a)
[^c23485271]: [S. 659D(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/659D/1A) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [92(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/92/b)
[^c21620031]: 1989 s.109(1).
[^c21621191]: *See*—s.186(11)—*approved profit sharing schemes.*[s.454](https://www.legislation.gov.uk/ukpga/1988/1/section/454)—*underwriter's special reserve fund not to be treated as settlement.*[s.469(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/469/1)—*unit trusts.*[s.832](https://www.legislation.gov.uk/ukpga/1988/1/section/832)— “additional rate” *defined.*1990 s.56*and* Sch.10 para.19—*convertible securities.*Vol.1. Table D(2).
[^c21621201]: Source-1973 s.16(1)-(6); 1986 s.47(4)(a)
[^c21621211]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 8(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/8/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621221]: [S. 686(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 8(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/8/2), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621231]: 1988(F) s.55(3)—*from* 1*July* 1988.*Previously* “(c) is not income arising under a trust established for charitable purposes only or income from investments, deposits or other property held for the purposes of a fund or scheme established for the sole purpose of providing relevant benefits within the meaning of section 612; and”.
[^c21621241]: [S. 686(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 8(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/8/3), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621251]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c21621261]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c21621271]: *See* 1990 s.30*and* Sch.5 para.13*and* s.132*and* Sch.19 Part IV—subs.(5)*repealed as regards a sum paid or credited on or after* 6*April* 1991.
[^c21621281]: Words in [s. 686(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 8(4)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/8/4), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c23313261]: [S. 686(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/b) substituted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 13](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/13)
[^c23313301]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/13)
[^c23313281]: [S. 686(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2B) inserted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/15)
[^c23313321]: [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4).
[^c23313411]: [S. 686](https://www.legislation.gov.uk/ukpga/1988/1/section/686) extended (with effect in accordance with Sch. 7 para. 3(5) of the extending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [3(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/3/2)
[^c23313391]: [S. 686(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/d) and preceding word repealed (with effect in accordance with Sch. 7 para. 12(4) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [12(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/1), [Sch. 18 Pt. 6(7)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/7), Note 1
[^c23313351]: [S. 686(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2AA) inserted (with effect in accordance with [Sch. 7 para. 12(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/4) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [12(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/1)
[^c23313371]: Words in [s. 686(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2A) substituted (with effect in accordance with [Sch. 7 para. 12(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/4) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [12(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12/2)
[^c23313421]: [S. 686(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6) applied (with effect in accordance with Sch. 7 para. 3(5) of the affecting Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/1), [3(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/3/4)
[^c23313431]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) substituted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/2/a)
[^c23313451]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/2/b)
[^c23313471]: [S. 686(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1AA) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/3)
[^c23313491]: Words in [s. 686(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A) substituted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/4)
[^c23313511]: Words in [s. 686(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A) substituted (6.4.1999) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(5)(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/5/10)
[^c23313531]: Words in [s. 686(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2AA) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(6)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/6)
[^c23313551]: [S. 686(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5A) inserted (with effect in accordance with [s. 32(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 32(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/32/7)
[^c23313591]: Words in [s. 686(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2/c) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 3(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/3/2)
[^c23313611]: [S. 686(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6A) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76](https://www.legislation.gov.uk/ukpga/2001/9/section/76), [Sch. 25 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/3/3)
[^c23765311]: Words in [s. 686(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A/a) substituted (with effect in accordance with [s. 29(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/29/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 29(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/29/2/a)
[^c23765331]: Words in [s. 686(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A/b) substituted (with effect in accordance with [s. 29(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/29/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 29(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/29/2/b)
[^c23765351]: Word in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765371]: Word in [s. 686(1AA)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1AA/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765391]: Word in [s. 686(1AA)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1AA/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765411]: Word in [s. 686(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765431]: Word in [s. 686(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/2AA) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765461]: Words in [s. 686(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765481]: [S. 686(5A)(a)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5A/a) substituted for s. 686(5A)(a)-(g) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765501]: [S. 686(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/5B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765521]: Words in [s. 686(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 277(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/277/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23765541]: Words in [s. 686(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/686/1) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/2)
[^c21621381]: Words in [s. 687(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/2) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 9(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/9/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621391]: *See* 1990 s.30*and* Sch.5 para.14*and* s.132*and* Sch.19 Part IV—*words following* paragraph (i)*repealed as regards an amount paid or credited on or after* 6*April* 1991.
[^c21621401]: [S. 687(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3) amended (*retrospectively*) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/79/1/2), [Sch. 6 para. 9(2)(d)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/9/2/d)
[^c21621411]: Source-1973 s.17(3)(a)-(d), (f), (g); 1975 (No.2) s.34 (6); 1984 s.100(2); 1985 Sch.23 8(3); 1974 Sch.7 8
[^c21621471]: Words in [s. 687(3)(e)(f)(h)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/e/f/h/i) and (j), as it so has effect, substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 9(2)(d)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/9/2/d), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621491]: 1989 s.96(2)*in relation to certain deep discount securities and certain deep gain securities from* 14*March* 1989.
[^c21621521]: [S. 687(3)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/j) inserted (*retrospectively* s. 687(3) has effect, and is deemed always to have had effect, as if s. 687(3) included para. (j)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/79/2)
[^c21621531]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c21621551]: Source-1973 s.17(5)
[^c22900411]: [S. 687(3)(aaa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aaa) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 15](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/15)
[^c23313671]: [S. 687(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/1) substituted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 14(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/14/2)
[^c23313691]: Words in [s. 687(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/2/a) inserted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 14(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/14/3)
[^c23313711]: [S. 687(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/5) added (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 14(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/14/4)
[^c23313731]: [S. 687(3)(k)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/k) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/35) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23313751]: [S. 687(3)(a)(a1)(a2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a/a1/a2/aa) substituted for s. 687(3)(a)(aa) (with effect in accordance with [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 15(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/2)
[^c23313811]: [S. 687(3)(aaa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aaa) repealed (with effect in accordance with Sch. 6 para. 10(2) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/10/1), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23313771]: [S. 687(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/b) substituted (with effect in accordance with [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 15(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/3)
[^c23313791]: [S. 687(3)(bb)(bc)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/bb/bc) inserted (with effect in accordance with [Sch. 4 para. 15(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 15(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/15/4)
[^c21621461]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989
[^c23765991]: Words in [s. 687(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766011]: Word in [s. 687(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766031]: Words in [s. 687(3)(a1)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766061]: Words in [s. 687(3)(a1)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766081]: Words in [s. 687(3)(a2)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766101]: Words in [s. 687(3)(a2)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/a2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766131]: Words in [s. 687(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aa) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766491]: Words in [s. 687(3)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aa) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766541]: Words in [s. 687(3)(b)(bb)(bc)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/b/bb/bc) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766611]: Words in [s. 687(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766631]: Words in [s. 687(3)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/bb) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766651]: [S. 687(3)(l)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/l) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 278(10)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/278/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23766671]: [S. 687(3)(aa1)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/aa1) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/3)
[^c23766711]: [S. 687(3)(l)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3/l) inserted (with effect in accordance with [s. 45](https://www.legislation.gov.uk/ukpga/2005/7/section/45) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 44(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/44/1)
[^c23766691]: [S. 687(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/3A) inserted (with effect in accordance with [s. 14(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 14(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/14/4)
[^c23766731]: Word in [s. 687(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/687/1/b) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [94](https://www.legislation.gov.uk/uksi/2005/3229/regulation/94)
[^c21621651]: *See* Inheritance Tax Acts.
[^c21621661]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c21621671]: Source-1977 s.38(1); 1982 Sch.10 1; ITA Sch.8 8
[^c21621681]: Source-1977 s.38(2); 1980 s.88(7); 1987 Sch.15 10
[^c21621691]: Source-1977 s.38(3), (4)
[^c21621701]: Source-1977 s.38(5); 1982 Sch.10 1(3); ITA Sch.8 8
[^c23314041]: Words in [s. 691(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/691/4) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 19](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/19)
[^c23767851]: Words in [s. 691(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/691/2/b/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 281](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/281) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621711]: Source-1982 s.61; ITA Sch.8 21
[^c23314061]: Words in [s. 692(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/692/1) substituted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 26](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/26)
[^c23767871]: Words in [s. 692(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/692/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 282](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/282) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621721]: Source-1982 s.62(1), (2); ITA Sch.8 22
[^c21621781]: Source-1980 s.52(1), (2); 1982 Sch.10 2(2) (3); ITA Sch.8 17
[^c21621791]: *Repealed by* 1988(F) s.24(3)*for* 1988-89*and subsequent years.*
[^c21621801]: 1988(F) s.24(3).
[^c21621811]: Words in [s. 694(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/694/2A) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.10](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/10), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621821]: Source-1980 s.52(3)-(6); ITA Sch.8 17
[^c21621831]: Source-1980 s.52(7); 1982 Sch.10 2(4); ITA Sch.8 17
[^c23767911]: Words in [s. 694(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/694/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 283](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/283) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767931]: Word in [s. 694(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/694/3) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [95](https://www.legislation.gov.uk/uksi/2005/3229/regulation/95)
[^c23763431]: Words in [s. 660C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763451]: Words in [s. 660C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 272(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/272/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23763531]: Words in [s. 660C(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/660C/3) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [93](https://www.legislation.gov.uk/uksi/2005/3229/regulation/93)
[^c23313871]: [1995 c. 4](https://www.legislation.gov.uk/ukpga/1995/4).
[^c23313881]: Words in [s. 689B(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/a) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/a)
[^c23313901]: Words in [s. 689B(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/b) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/b)
[^c23313921]: [S. 689B(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/1/c) and preceding word added (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/2/c)
[^c23313981]: [S. 689B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2A) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/4)
[^c23314001]: Words in [s. 689B(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/3) inserted (with effect in accordance with [Sch. 4 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/6) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 16(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/16/5)
[^c23767651]: [S. 689B(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2/a) substituted for s. 689(2)(za)-(c) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767671]: [S. 689B(2A)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2A/a/b) substituted for words in s. 689(2A) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23767691]: [S. 689B(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/689B/2B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 280(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/280/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621881]: Source-1970 s.426; 1971 Sch.6 52
[^c21621891]: Words in [s. 695(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/a) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21621901]: *See* 1974 s.44(4) and Sch.7 para.9(1)(2)—*development gains to be excluded from aggregate income and United Kingdom tax thereon to be left out of account.*
[^c22901391]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) repealed (with effect in accordance with [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 2(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/1), [Sch. 29 Pt. 8(10)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/10)
[^c22901371]: [S. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (with effect in accordance with [Sch. 18 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 2(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/2/1)
[^c23768011]: Words in [s. 695(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768031]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768051]: Word in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768071]: Words in [s. 695(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768101]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768121]: Word in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768141]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768161]: Words in [s. 695(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768181]: Word in [s. 695(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768201]: Words in [s. 695(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768221]: Words in [s. 695(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768391]: Words in [s. 695(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/4/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(5)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/5/d), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768241]: Word in [s. 695(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768261]: Words in [s. 695(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768281]: Words in [s. 695(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768311]: Words in [s. 695(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768331]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768351]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768411]: Words in [s. 695(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/7/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768371]: [S. 695(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 284(8)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/284/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621921]: Source-1970 s.427; 1971 Sch.6 53
[^c22901411]: [S. 696(3)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted for s. 696(3) (with effect in accordance with [Sch. 18 para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/3/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 3(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/1)
[^c21621941]: Words in [s. 696(3)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c22901431]: [S. 695(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/695/5) substituted (with effect in accordance with [Sch. 18 para. 3(3)(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/3/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 3(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/3/2)
[^c23768431]: Words in [s. 696(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768451]: Words in [s. 696(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768491]: Words in [s. 696(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/2) added (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768511]: Words in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768531]: Word in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768551]: Words in [s. 696(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768571]: Words in [s. 696(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768601]: Words in [s. 696(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768621]: Words in [s. 696(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(5)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768641]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768671]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768701]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768721]: Words in [s. 696(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768741]: Words in [s. 696(3B)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768771]: Words in [s. 696(3B)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/3B/a/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(6)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/6/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768811]: Words in [s. 696(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(7)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768831]: Words in [s. 696(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768861]: Words in [s. 696(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(8)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768881]: Word in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768901]: Words in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769031]: Words in [s. 696(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(9)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/9/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768921]: Word in [s. 696(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768941]: Words in [s. 696(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768981]: Words in [s. 696(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23768961]: Words in [s. 696(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/7/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(10)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/10/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769051]: Words in [s. 696(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(11)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/11), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769011]: [S. 696(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/696/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 285(12)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/285/12) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621951]: Source-1970 s.428; 1971 Sch.6 54
[^c22901451]: [S. 697(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/1A) inserted (with effect in accordance with [Sch. 18 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/1)
[^c22901471]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (with effect in accordance with [Sch. 18 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/4/2)
[^c23769091]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769121]: Words in [s. 697(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769071]: Words in [s. 697(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769151]: [S. 697(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/697/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 286(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/286/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21621971]: Source-1970 s.429; 1971 Sch.6 55
[^c22901491]: [S. 698(1A)(1B)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/1A/1B/2) substituted for s. 698(2) (with effect in accordance with [Sch. 18 para. 5(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/5/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 5(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/5/1)
[^c23769171]: Words in [s. 698(1B)(c)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/1B/c/ii) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769191]: Words in [s. 698(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/2/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769211]: Words in [s. 698(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769231]: Words in [s. 698(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769251]: [S. 698(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/698/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 287(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/287/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622061]: Source-1970 s.431; 1971 Sch.6 57
[^c22901511]: [S. 700(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/6) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/6)
[^c22901671]: Words in [s. 700(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/3) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 20](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/20)
[^c23769681]: Word in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769701]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769721]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769761]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769801]: Words in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769821]: Word in [s. 700(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(2)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769841]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769871]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769891]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769951]: Words in [s. 700(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769991]: Words in [s. 700(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/2/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770011]: Words in [s. 700(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770031]: Words in [s. 700(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/4) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770051]: Words in [s. 700(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770171]: Word at the end of s. 700(5)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770071]: [S. 700(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770091]: Words in [s. 700(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770111]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770131]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770151]: Words in [s. 700(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/700/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 291(6)(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/291/6/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622141]: Source-1970 s.432; 1972 Sch.24 25; 1975 (No.2) s.34(5)
[^c21622151]: [S. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) inserted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 11(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/11/3), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21622161]: *Definition applied for purposes of* 1979(C)—*see* 1979(C) s.155(1).
[^c21622171]: [1925 c. 23](https://www.legislation.gov.uk/ukpga/1925/23).
[^c21622191]: Source-1970 s.426(1)
[^c22901571]: [S. 701(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/10A) inserted (with effect in accordance with [s. 76(6)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 76(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/76/5)
[^c22901591]: [S. 701(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/14) repealed (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 18 para. 7](https://www.legislation.gov.uk/ukpga/1995/4/schedule/18/paragraph/7), [Sch. 29 Pt. 8(10)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/10)
[^c22901901]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/8)
[^c22901951]: Words in [s. 701(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b) renumbered as s. 701(3A)(b)(i) (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by virtue of [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/a)
[^c22901961]: Words in [s. 701(3A)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b/i) inserted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/b)
[^c22901931]: [S. 701(3A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A/b/ii) added (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(9)(c)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/9/c)
[^c23770381]: Words in [s. 701(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/3A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770511]: Word at the end of s. 701(8)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770451]: [S. 701(8)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/8/c) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770531]: Words in [s. 701(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770471]: Words in [s. 701(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23770491]: Words in [s. 701(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/701/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 292(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/292/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622221]: Source-1970 s.433; 1987 Sch.15 2(15)
[^c23770681]: Words in [s. 702(a)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/702/a/d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [96](https://www.legislation.gov.uk/uksi/2005/3229/regulation/96)
[^c22901881]: [S. 698A](https://www.legislation.gov.uk/ukpga/1988/1/section/698A) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(1)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/1)
[^c23769271]: Words in [s. 698A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769291]: Word in [s. 698A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769311]: Words in [s. 698A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769331]: Words in [s. 698A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769351]: Word in [s. 698A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769371]: Words in [s. 698A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769391]: Word in [s. 698A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769411]: Words in [s. 698A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/698A/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 288(4)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/288/4/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22901691]: Words in [s. 699A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1) inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/2)
[^c22901711]: [S. 699A(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/1B) inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/3)
[^c22901741]: [S. 699A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/c) and preceding word inserted (with effect in accordance with [s. 21(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 21(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/21/4)
[^c22901761]: Words in [s. 699A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A) inserted (with effect in accordance with [s. 33(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/10) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/3)
[^c22901781]: Word in [s. 699A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/2/b) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(4)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/4)
[^c22901821]: Words in [s. 699A(4)(a)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/a/c) substituted (with effect in accordance with [s. 33(11)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/11) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 33(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/33/5)
[^c23769451]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 4](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/4)
[^c23769471]: Words in [s. 699A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769511]: Words in [s. 699A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769591]: [S. 699A(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/1A/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769531]: Words in [s. 699A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769551]: Words in [s. 699A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769571]: Word in [s. 699A(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23769621]: [S. 699A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/699A/6) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 290(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/290/5), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23314101]: [Pt. 17 Ch. 1](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/1) modified (31.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 35(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/35/5)
[^c21622281]: Source—1970 s.460(1)-(3)
[^c21622311]: Source—1970 s.460(5)-(9)
[^c21622321]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21622331]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c23211461]: [S. 703(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3A) inserted (with effect in accordance with [Sch. 3 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 32(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/2)
[^c23211481]: [S. 703(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/4) repealed (with effect in accordance with Sch. 3 para. 32(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 32(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/32/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c23770921]: Words in [s. 703(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/703/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 293](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/293) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21622341]: Source—1970 s.461; 1973 s.54, Sch.11 2(a), (b)
[^c22904151]: Words in [s.704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. D(2)(b) substituted (with effect in accordance with [s.175(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/175/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 175(1)-(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/175/1)
[^c23160831]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(e) repealed (with effect in accordance with s. 20 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c23288361]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) modified (9.3.1999) by [The Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) Regulations 1999 (S.I. 1999/358)](https://www.legislation.gov.uk/uksi/1999/358), [regs. 1](https://www.legislation.gov.uk/uksi/1999/358/regulation/1), [23](https://www.legislation.gov.uk/uksi/1999/358/regulation/23)
[^c23211521]: [S. 704](https://www.legislation.gov.uk/ukpga/1988/1/section/704) para. A(d) repealed (with effect in accordance with Sch. 3 para. 33(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 33(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/33/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21622351]: Source—1970 s.462
[^c23314111]: [S. 705(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/4) repealed (1.1.1994) by [The General and Special Commissioners (Amendment of Enactments) Regulations 1994 (S.I. 1994/1813)](https://www.legislation.gov.uk/uksi/1994/1813), [reg. 1(1)](https://www.legislation.gov.uk/uksi/1994/1813/regulation/1/1), [Sch. 1 para. 23](https://www.legislation.gov.uk/uksi/1994/1813/schedule/1/paragraph/23), [Sch. 2 Pt. 1](https://www.legislation.gov.uk/uksi/1994/1813/schedule/2/part/1)
[^c23211541]: [S. 705(6)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/705/6) repealed (with effect in accordance with Sch. 3 para. 34(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 34(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/34/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21622391]: *See*—1970(M) s.6(1)—*declaration to be made by member of tribunal on appointment.*1989 s.182—*disclosure of information* (*in* Part II Vol.5).
[^c21622401]: [S. 706](https://www.legislation.gov.uk/ukpga/1988/1/section/706) renumbered as s. 706(1) (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 26](https://www.legislation.gov.uk/ukpga/1993/8/section/26), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2), [Sch. 6 para.44](https://www.legislation.gov.uk/ukpga/1993/8/schedule/6/paragraph/44) (with [Sch. 7 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/3/2), [4](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/4)); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21622411]: Source—1970 s.463; 1982 Sch.21 3(1)
[^c21622421]: [S. 706(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/706/2) added (31.3.1995) by [Judicial Pensions and Retirement Act 1993 (c. 8)](https://www.legislation.gov.uk/ukpga/1993/8), [ss. 26](https://www.legislation.gov.uk/ukpga/1993/8/section/26), [31(2)](https://www.legislation.gov.uk/ukpga/1993/8/section/31/2), [Sch. 6 para.44](https://www.legislation.gov.uk/ukpga/1993/8/schedule/6/paragraph/44) (with [Sch. 7 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/2/2), [3(2)](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/3/2), [4](https://www.legislation.gov.uk/ukpga/1993/8/schedule/7/paragraph/4)); [S.I. 1995/631](https://www.legislation.gov.uk/uksi/1995/631), [art. 2](https://www.legislation.gov.uk/uksi/1995/631/article/2)
[^c21622431]: Source—1970 s.464
[^c21622441]: Source—1970 s.465
[^c21622451]: *Definition applied for purposes of* 1990 Sch.10—*convertible securities.*
[^c21622461]: Source—1970 s.466(1); 1973 Sch.11 4
[^c21622471]: Source—1970 s.467; 1973 Sch.11 5
[^c23116391]: [S. 709(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/2A) inserted (with effect in accordance with [s. 73(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/73/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 73(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/73/1)
[^c23160851]: Words in [s. 709(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/709/2A) repealed (with effect in accordance with Sch. 4 para. 19(2), Sch. 8 Pt. 2(9) Note 2 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 19(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/19/1), [Sch. 8 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/9)
[^c23314151]: The definition of “the Taxes Act” in section 118(1) was amended by paragraph 32(d) of Schedule 8 to the [Development Land Tax Act 1976 (c.24)](https://www.legislation.gov.uk/ukpga/1976/24), [paragraph 8](https://www.legislation.gov.uk/ukpga/1976/24/paragraph/8) of Schedule 7 to the [Capital Gains Tax Act 1979 (c.14)](https://www.legislation.gov.uk/ukpga/1979/14), [Schedule 31](https://www.legislation.gov.uk/ukpga/1979/14/schedule/31) to the Income and Corporation Taxes Act 1988, and paragraph 2(11)(b) of Schedule 10 to the [Taxation of Chargeable Gains Act 1992 (c.12)](https://www.legislation.gov.uk/ukpga/1992/12).
[^c21623221]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623231]: Source—1985 Sch.23 1
[^c21623241]: Words in [s. 710(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/2) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 51](https://www.legislation.gov.uk/ukpga/1991/31/section/51), [Sch. 10 para. 2(2)(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/10/paragraph/2/2/4)
[^c21623251]: [S. 710(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/2A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 51](https://www.legislation.gov.uk/ukpga/1991/31/section/51), [Sch. 10 para. 2(3)(4)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/10/paragraph/2/3/4)
[^c21623261]: Words in [s. 710(2A)(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/2A/13) substituted (6.3.1992 with effect as mentioned in s. 289(1)(2) of the substituting Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(36)(a)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/36/a/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21623271]: [S. 710(3)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/da) inserted (16.7.1992 with effect as mentioned in [Sch. 8 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6) of the amending Act) by [Finance (No.2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 34](https://www.legislation.gov.uk/ukpga/1992/48/section/34), [Sch. 8 paras. 5](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/5), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/8/paragraph/6).
[^c21623281]: Source—1985 Sch.23 2(2)
[^c21623291]: Source—1985 Sch.23 2(3), (4)
[^c21623301]: Source—1985 Sch.23 2(5), (6)
[^c21623311]: Source—1985 Sch.23 2(7)
[^c21623321]: Source—1985 Sch.23 2(8), (9)
[^c21623331]: Source—1985 Sch.23 2(10)
[^c21623341]: Source—1985 Sch.23 5
[^c21623351]: Source—1985 Sch.23 10(6), (7)
[^c21623361]: Source—1985 Sch.23 14(1), (3), (4)
[^c21623381]: [S. 710(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/14) repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 2
[^c23314161]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22992881]: [S. 710(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/1A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 36](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/36) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22992901]: [S. 710(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/5/a) and preceding word inserted (with effect in accordance with [s. 158(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 158(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/1)
[^c22992921]: [S. 710(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/5/b) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 3(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/3/1)
[^c22992941]: [S. 710(13A)(13B)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/13A/13B) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/3/2)
[^c23772991]: [S. 710(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/f) inserted (with effect in accordance with [Sch. 39 para. 6(1)(b)(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/39/paragraph/6/1/b/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 39 para. 5(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/39/paragraph/5/4)
[^c23773011]: [S. 710(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/a) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23773031]: Words in [s. 710(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773051]: [S. 710(3)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/ca) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773071]: Words in [s. 710(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773091]: Words in [s. 710(3)(da)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/da) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773111]: [S. 710(3)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3/f) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773131]: [S. 710(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773171]: Word at the end of s. 710(5)(a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/4/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773151]: [S. 710(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/710/5/c) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 294(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/294/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21623431]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623441]: Source—1985 Sch.23 3(1)-(5)
[^c21623451]: Source—1985 Sch.23 14(2), 31(2), 12(2), 13(3), 7(2)
[^c21623461]: 1990 s.41*and* Sch.6 para.9(2)*on and after* 24*May* 1990*subject to the commencement provisions of* paras.11*and* 12.*Previously* “or 722(1) or (2)”.
[^c21623471]: Source—1985 Sch.23 3(6)-(8)
[^c21623481]: Words in [s. 711(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/711/8) repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt.III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 2
[^c23314171]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314181]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22993061]: [S. 711(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/711/6A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 4](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/4)
[^c21623511]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623521]: Source—1985 Sch.23 4; 1986 Sch.17 3(2)
[^c21623531]: 1990 s.41*and* Sch.6 para.9(3)*on and after* 24*May* 1990*subject to the commencement provisions of* paras.11*and* 12.*Previously* “and 722”.
[^c23314191]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314201]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22994481]: Words in [s. 712(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/712/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/5)
[^c21623541]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314211]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314221]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21623551]: Source—1985 s.73
[^c23773191]: [S. 713(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/713/2/3) excluded (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 4](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/4); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/120/article/3), [4](https://www.legislation.gov.uk/uksi/2003/120/article/4) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21623561]: Source—1985 Sch.23 10(1)-(3)
[^c21623571]: 1985 Sch.23 10(7)
[^c21623581]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 ) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623591]: Source—1985 s.74
[^c23314231]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314241]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22992581]: [S. 714(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/6) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c23773201]: Words in [s. 714(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773221]: Words in [s. 714(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773281]: Words in [s. 714(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773241]: Words in [s. 714(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773261]: [S. 714(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/714/2A/2B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 295(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/295/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21623721]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623731]: Source—1985 s.71(1) (a)-(c)
[^c21623741]: [S. 715(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/1/a) restricted (*retrospectively*) by [Finance (No.2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 65(2)(b)(5)(6)](https://www.legislation.gov.uk/ukpga/1992/48/section/65/2/b/5/6) [S. 715(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/2/a) restricted (*retrospectively*) by [Finance (No.2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 65(2)(c)(5)(6)](https://www.legislation.gov.uk/ukpga/1992/48/section/65/2/c/5/6)
[^c21623751]: Source—1985 Sch.23 30(1), (4)
[^c21623761]: Source—1985 s.75(1)(d)-(h)
[^c21623771]: Source—1985 Sch.23 32(1)
[^c21623781]: Source—1985 s.75(2), Sch.23 30(2), (5), 32(2)
[^c21623801]: Source—1985 Sch.23 31(1)
[^c21623811]: Source—1985 s.75(3), (4)
[^c21623821]: Source—1985 Sch.23 43; 1986 Sch.17 5
[^c21623841]: Source—1985 s.75(5), (6)
[^c21623851]: Words in [s. 715(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/8) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(37)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/37) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22902461]: Words in [s. 715(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/6) inserted (with application in accordance with [s. 123(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/123/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 123(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/123/1)
[^c22992601]: [S. 715(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/1/g/h) repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c22992631]: [S. 715(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/8): definition of "FOTRA securities" repealed (with effect in accordance with s. 154(9) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/18), Note
[^c23314251]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314261]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23120811]: Words in [s. 715(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/6) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 1 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23773301]: Words in [s. 715(1)(j)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/1/j) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 296](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/296) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773321]: Words in [s. 715(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/715/8) substituted (with effect in accordance with [Sch. 4 para. 10(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/10/1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/1/2)
[^c21623901]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314281]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314291]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23773361]: [S. 716](https://www.legislation.gov.uk/ukpga/1988/1/section/716) excluded (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 4](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/4); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/120/article/3), [4](https://www.legislation.gov.uk/uksi/2003/120/article/4) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c21623911]: Source—1985 Sch.23 15(1)-(4)
[^c21623921]: Source—1985 Sch.23 15(5); 1986 Sch.17 2(2)
[^c21623931]: Source—1985 Sch.23 15(8)
[^c23773371]: Word in [s. 716(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773391]: Words in [s. 716(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773451]: Words in [s. 716(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773411]: Words in [s. 716(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773431]: [S. 716(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/716/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 297(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/297/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21623941]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21623951]: Source—1985 Sch.23 15A, 15B, 15C; 1986 Sch.17 3
[^c23314301]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23000971]: Words in [s. 717(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/717/9) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/35)
[^c23314311]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23288381]: [S. 717](https://www.legislation.gov.uk/ukpga/1988/1/section/717) excluded (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [33(2)](https://www.legislation.gov.uk/uksi/1998/3177/regulation/33/2)
[^c23212371]: Words in [s. 717(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/717/1) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(22)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/22)
[^c23212391]: [S. 717(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/717/4/5) repealed (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(22)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/22)
[^c21623961]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314321]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314331]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21623971]: Source—1985 Sch.23 15A, 15B, 15C; 1986 Sch.17 3
[^c21623981]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314341]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314351]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21623991]: Source—1985 Sch.23 15A, 15B, 15C; 1986 Sch.17 3
[^c21624281]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21624291]: Source—1985 Sch.23 6(1), 15(6)
[^c21624301]: Source—1985 Sch.23 6(2)
[^c21624311]: [S. 720(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/3) repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 2
[^c21624321]: Source—1985 Sch.23 7(1)
[^c21624331]: Source—1985 Sch.23 8(1), (2), (4); 1986 Sch.17 1(1)
[^c21624341]: Words in [s. 720(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/5) substituted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 13](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/13), [25](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25)
[^c21624351]: Source—1985 Sch.23 9(1), (2)
[^c21624361]: Source—1985 Sch.23 9(3), (4)
[^c21624371]: Source—1985 Sch.23 9(5)
[^c23314361]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314371]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22903171]: Words in [s. 720(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6) substituted (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 17(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/17/2/b)
[^c23288401]: Words in [s. 720(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/5) repealed (with effect in accordance with s. 68 of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 20 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/17), Note
[^c23773471]: Word in [s. 720(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773491]: Words in [s. 720(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773511]: Word in [s. 720(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773531]: Words in [s. 720(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773551]: Words in [s. 720(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773571]: Words in [s. 720(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773591]: Words in [s. 720(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/720/8/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 298(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/298/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21624481]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21624541]: [S. 721(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/721/5/6) repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(12)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/12) Note 2
[^c23314381]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314391]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22992651]: [S. 721(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/721/1/4) repealed (with effect in accordance with s. 158(5) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 158(2)(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/2/4), [Sch. 41 Pt. 5(20)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/20), Note
[^c21624521]: [S. 721(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/721/1) excluded (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(3)(a)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/3/a), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23001851]: [S. 721(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/721/2) substituted (with effect in accordance with [s. 158(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 158(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/158/3)
[^c21624561]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314401]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314411]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21624571]: Source—1985 Sch.23 (13) (1), (2)
[^c21624591]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314451]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314461]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c21624601]: Source—1985 Sch.23 11
[^c21624611]: Words in [s. 723(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/8) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(38)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/38) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23773711]: Words in [s. 723(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 299(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/299/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773731]: Words in [s. 723(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 299(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/299/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773751]: Words in [s. 723(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 299(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/299/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773771]: Words in [s. 723(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/723/8) substituted (with effect in accordance with [Sch. 4 para. 10(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/10/1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 2(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/2/2)
[^c21625051]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21625061]: Source—1985 Sch.23 32C; 1986 Sch.17 4
[^c23314491]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314501]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23127051]: [S. 727(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/727/1) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 1 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23128221]: Words in [s. 727(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/727/2) substituted (with effect in accordance with [Sch. 10 para. 7(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/5/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21625091]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c21625101]: Source—1985 Sch.23 44(1)-(5A); 1986 Sch.17 6
[^c23314541]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314551]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c22903281]: Words in [s. 728(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/1/5) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 79(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/2) (with [s. 79(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/79/4))
[^c23312501]: Words in [s. 728(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/728/7/a) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8). s. 431(2), Sch. 20 para. 4(5); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c21625021]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/1/2) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/3/4) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 63(8)(10)](https://www.legislation.gov.uk/ukpga/1993/34/section/63/8/10) [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/4), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c23314471]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314481]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23314521]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314531]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23288421]: [S. 727A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/727A/1) modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [14](https://www.legislation.gov.uk/uksi/1998/3177/regulation/14)
[^c23773791]: Words and paras. (a)(b) in s. 727A(1) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 4](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/4)
[^c23773811]: Words in [s. 727A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/727A/1) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 15](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/15)
[^c23006181]: [1942 c. 21](https://www.legislation.gov.uk/ukpga/1942/21).
[^c23314421]: [Ss. 710-728](https://www.legislation.gov.uk/ukpga/1988/1/section/710) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/11) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23314431]: [Ss. 711-728](https://www.legislation.gov.uk/ukpga/1988/1/section/711) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/2/a) (with [s. 161(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/161/7))
[^c23160871]: Word in [s. 722A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/722A/5) substituted (with effect in accordance with [s. 37(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/7)
[^c21625181]: Source—1970 s.470; 1971 Sch.6 71
[^c23312721]: [S. 730(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 51](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/51)
[^c23773951]: Words in [s. 730(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773971]: Words in [s. 730(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4) and s. 730(4A)(4B) substituted for words in s. 730(4) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23773991]: Word in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774011]: Words in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774031]: Words in [s. 730(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 300(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/300/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23774251]: Words in [s. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/2/b)
[^c23774091]: Words in [s. 730](https://www.legislation.gov.uk/ukpga/1988/1/section/730) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/2/a)
[^c23774361]: Words in [s. 730(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/a) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/a)
[^c23774381]: Words in [s. 730(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/b) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/b)
[^c23774541]: [S. 730(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/1/c) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/3/c), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774401]: [S. 730(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/4)
[^c23774571]: [S. 730(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2A) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/5), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c23774421]: [S. 730(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/3) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/6)
[^c23774441]: Word in [s. 730(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/7)
[^c23774461]: Word in [s. 730(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4A) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/8)
[^c23774481]: Word in [s. 730(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/4B) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/9)
[^c23006221]: Words in [s. 730(2)(4)(b)(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/2/4/b/6/8) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 23](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/23) (with [Sch. 7 paras. 33-35](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/33))
[^c23774501]: [S. 730(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/7) substituted (with effect in accordance with [Sch. 7 para. 2(13)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/13) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(10)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/10)
[^c23774591]: Words in [s. 730(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/8) repealed (with effect in accordance with Sch. 7 para. 2(13) of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 2(11)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/2/11), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/8), Note
[^c22903381]: [S. 730A](https://www.legislation.gov.uk/ukpga/1988/1/section/730A) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 263A](https://www.legislation.gov.uk/ukpga/1992/12/section/263A) (as inserted (with effect in accordance with s. 80(5) of the 1995 amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/4))
[^c23314561]: [S. 730A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/1) modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [14](https://www.legislation.gov.uk/uksi/1998/3177/regulation/14)
[^c23006241]: [S. 730A(6)(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6/6A) substituted for s. 730A(6) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 37](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/37) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23312741]: [S. 730(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730/5A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 52(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/52/2)
[^c23312761]: [S. 730A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 52(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/52/3)
[^c23312781]: [S. 730A(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6B) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 52(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/52/4)
[^c23774671]: [S. 730A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/1/b) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/5)
[^c23774751]: Words in [s. 730A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/4) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 11(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/11/2)
[^c23774711]: Words in [s. 730A(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/4) added (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/11/3)
[^c23774731]: [S. 730A(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/4A/4B) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 11(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/11/4)
[^c23774791]: Words in [s. 730A(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6B) substituted (with effect in accordance with [Sch. 38 para. 21(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 20(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/20/a)
[^c23774811]: Words in [s. 730A(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6B) substituted (with effect in accordance with [Sch. 38 para. 21(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 20(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/20/b)
[^c23774771]: Words in [s. 730A(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/8/b) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 16](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/16)
[^c23774691]: [S. 730A(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/8A) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/10)
[^c23774871]: Words in [s. 730A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/5) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/2), Note
[^c23774851]: [S. 730A(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6/b) repealed (with effect in accordance with s. 52(3) of the repealing Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 44(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/44/a), [Sch. 42 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/6), Note 1
[^c23774891]: Words in [s. 730A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/730A/6) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 44(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/44/b)
[^c23775051]: Words in [s. 730BB(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/2/c) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/2)
[^c23775071]: Words in [s. 730BB(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/3/a) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/3/a)
[^c23775091]: Words in [s. 730BB(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/3/b) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/3/c)
[^c23775111]: Words in [s. 730BB(3)(c)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/3/c/i/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/3/c)
[^c23775141]: [S. 730BB(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/3A) inserted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/4)
[^c23775161]: [S. 730BB(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/730BB/12) repealed (with effect in accordance with s. 52(3) of the repealing Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 78(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/78/5), [Sch. 42 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/6), Note 1
[^c21625261]: Source—1970 s.471(1)-(5)
[^c21625271]: [S. 731(4A)(4B)(4C)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/4A/4B/4C) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 55(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/55/1/2)
[^c21625281]: Words in [s. 731(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/4B) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(40)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/40) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21625291]: *See* s.343—*company reconstruction without change of ownership.*
[^c21625301]: Source—1970 s.471(6); 1973 sch.11 6; 1986 Sch.18 2(1)
[^c22902481]: [S. 731(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9): words in definition of "interest" repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 17(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/17/2), [Sch. 26 Pt. 5(16)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/16)
[^c22902501]: [S. 731(9A)-(9D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 17(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/17/3)
[^c22903411]: Words in [s. 731(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/a)
[^c23314571]: Word in [s. 731(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/a)
[^c22903391]: [S. 731(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2A) inserted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/2)
[^c22903431]: Word in [s. 731(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3) substituted (with effect in accordance with [s. 81(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 81(3)(b)](https://www.legislation.gov.uk/ukpga/1995/4/section/81/3/b)
[^c23006291]: Words in [s. 731(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3/b) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 36(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/36/a)
[^c22992721]: Words in [s. 731(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/3) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 36(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/36/b), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23128461]: [S. 731(2B)-(2F)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2B) inserted (with application in accordance with [s. 77(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/77/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 77(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/77/1)
[^c23160891]: Words in [s. 731(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9A) repealed (with effect in accordance with Sch. 6 para. 14(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch 6 para. 14(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/14/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23160911]: [S. 731(9B)-(9D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/9B) repealed (with effect in accordance with Sch. 6 para. 14(4) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch 6 para. 14(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/14/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23775221]: Words in [s. 731(2D)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/2D) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 6](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/6)
[^c23775241]: Words in [s. 731(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 302(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/302/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23775261]: [S. 731(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/731/7A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 302(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/302/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21625331]: Source—1970 s.472; 1982 s.57; 1986 Sch.18 1, 3
[^c21625341]: [S. 732(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/2A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 56(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/56/1)
[^c21625351]: [S. 732(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/5A) inserted (retrospectively) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s.53(1)](https://www.legislation.gov.uk/ukpga/1990/29/section/53/1)
[^c21625361]: [S. 732(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/7) added by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 56(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/56/2)
[^c22992741]: [S. 732(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/3) repealed (with effect in accordance with s. 159(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23160951]: [S. 732(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/1A) inserted (with effect in accordance with [s. 26(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(2)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/2)
[^c23160971]: [S. 732(2)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/2/2A) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/3), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23161001]: Words in [s. 732(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/4) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(3)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/3), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23161021]: [S. 732(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/4): definition of "overseas securities" substituted (with effect in accordance with [s. 26(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(5)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/5)
[^c23161041]: [S. 732(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/5) repealed (with effect in accordance with s. 26(8) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 26(6)(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/26/6/7), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 2
[^c23775381]: Words in [s. 732(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/732/1A) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 303](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/303) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21625371]: Source—1970 s.473
[^c21625391]: Source—1970 s.474; 1973 Sch.11 7; 1979(C) Sch.7; 1978 s.30(7)
[^c21625401]: Words in [s. 734(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/734/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(41)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/41) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21625411]: Source—1970 s.475; 1973 Sch.21 7
[^c23006311]: Words in [s. 735(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3) inserted (with effect in accordance with [Sch. 38 para 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/a)
[^c23006331]: Words in [s. 735(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3/a) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/b)
[^c23006351]: Words in [s. 735(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/3/b) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/1/c)
[^c23006371]: Words in [s. 735(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/4) substituted (with effect in accordance with Sch. 38 para, 9(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/2)
[^c23006391]: Words in [s. 735(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/5) substituted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/3/a)
[^c23006411]: Words in [s. 735(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/735/5) inserted (with effect in accordance with [Sch. 38 para. 9(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 9(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/9/3/b)
[^c21625421]: Source—1970 s.476
[^c21625431]: *See* s.237—*disallowance of reliefs in respect of bonus issues etc.*
[^c22992781]: [S. 737A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/2/b) repealed (with effect in accordance with s. 159(1), Sch. 41 Pt. 5(21) Note 1 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21); [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23288451]: [S. 737A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/1) modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [14](https://www.legislation.gov.uk/uksi/1998/3177/regulation/14)
[^c23134971]: Words in [s. 737A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/5) repealed (with effect in accordance with Sch. 18, Pt. 6(10) Notes 3, 4) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23776901]: Words and paras. (a)(b) in s. 737A(1) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 7](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/7)
[^c23776801]: Words in [s. 737A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/1) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/2)
[^c23776821]: Words in [s. 737A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/2) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/3)
[^c23776861]: [S. 737A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/2A) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/4)
[^c23776841]: Words in [s. 737A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/3) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/5)
[^c23776881]: Words in [s. 737A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/737A/5/a) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 2(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/2/6)
[^c23314581]: [S. 737B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/737B/9) power exercised: 1.5.1995 appointed by [S.I. 1995/1007](https://www.legislation.gov.uk/uksi/1995/1007), [art. 2](https://www.legislation.gov.uk/uksi/1995/1007/article/2)
[^c23314591]: [S. 737B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/737B/9) power exercised: 6.11.1996 appointed by [S.I. 1996/2645](https://www.legislation.gov.uk/uksi/1996/2645), [art. 2](https://www.legislation.gov.uk/uksi/1996/2645/article/2)
[^c22903571]: Words in [s. 737C(3)(b)(9)(11)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/3/b/9/11/c) substituted (with effect in accordance with [s. 80(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/3)
[^c22903611]: [S. 737C(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/11A) inserted (with effect in accordance with [s. 80(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/3)
[^c23043341]: [S. 737C(11B)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/11B) inserted (with effect in accordance with [s. 159(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/3); [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23147961]: Words in [s. 737C(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/2/b) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23138301]: [S. 737C(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/5/6) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23149351]: Words in [s. 737C(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/7/b) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23151321]: [S. 737C(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/8/a) substituted (with effect in accordance with [Sch. 10 para. 16(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 11(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/11/2) (with [Sch. 10 para. 16(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/3))
[^c23151341]: Words in [s. 737C(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/8/b) substituted (with effect in accordance with [Sch. 10 para. 16(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 11(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/11/2) (with [Sch. 10 para. 16(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16/3))
[^c23151301]: Words in [s. 737C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/9) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23141181]: [S. 737C(11B)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/11B) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23781231]: [S. 737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737C) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 139(1)(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/5)
[^c23781171]: Words in [s. 737C](https://www.legislation.gov.uk/ukpga/1988/1/section/737C) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/3)
[^c23781191]: Word in [s. 737C(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/3/b) repealed (with effect in accordance with Sch. 38 para. 21(1) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 1(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/1/a), [Sch. 43 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/15), Note 1
[^c23781211]: [S. 737C(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/4) repealed (with effect in accordance with Sch. 38 para. 21(1) of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 1(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/1/b), [Sch. 43 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/15), Note 1
[^c23781151]: Words in [s. 737C(11A)](https://www.legislation.gov.uk/ukpga/1988/1/section/737C/11A) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 17](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/17)
[^c23312521]: Words in [s. 736B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2) inserted (with application in accordance with [s. 84(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 84(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/2)
[^c23312541]: [S. 736B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/736B/2A) inserted (with application in accordance with [s. 84(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 84(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/84/3)
[^c23776661]: [S. 736C(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/736C/14) inserted (with effect in accordance with [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 4(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/4/2)
[^c21625771]: Source—1986 Sch.18 4
[^c21625781]: [S. 738(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/2) repealed (with effect as mentioned in s. 58(3) of the repealing Act) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 58(2)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/2), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 13 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/4), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 9; [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [reg. 5](https://www.legislation.gov.uk/uksi/1992/1346/regulation/5)
[^c21625831]: Source—1986 Sch.18 10(2)
[^c23151451]: [S. 738(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/3/4) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23161091]: [S. 738(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/1/a/b) repealed (with effect in accordance with s. 26 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note 2
[^c23312561]: Words in [s. 738(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/738/5) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 43](https://www.legislation.gov.uk/uksi/2001/3629/article/43)
[^c23217671]: Words in [s. 737D(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737D/2) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/3), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c23781431]: Words in [s. 737E(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/1/2) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 13(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/13/2)
[^c23781461]: Words in [s. 737E(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/3) inserted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 13(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/13/3)
[^c23781411]: [S. 737E(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/8/b) substituted (with effect in accordance with [Sch. 38 para. 21(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/21/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 38 para. 8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/38/paragraph/8)
[^c23781501]: Words in [s. 737E(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/4) inserted (with effect in accordance with [Sch. 24 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/3/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/3/2/a)
[^c23781521]: Words in [s. 737E(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/737E/6/b) inserted (with effect in accordance with [Sch. 24 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/3/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/3/2/b)
[^c21625851]: *See* 1989 s.110—*residence of trustees; and* s.111—*residence of personal representatives.*
[^c23045681]: [Ss. 739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/12) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21625861]: Source—1970 s.478(1), (2), (2A), (2B); 1981 s.46(3), (4)
[^c23782381]: [Ss. 739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 459](https://www.legislation.gov.uk/ukpga/2005/5/section/459), [569](https://www.legislation.gov.uk/ukpga/2005/5/section/569) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23152251]: [S. 739(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/739/1A) inserted (with application in accordance with [s. 81(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/81/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 81(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/81/1)
[^c21625901]: *See* 1989 s.110—*residence of trustees; and* s.111—*residence of personal representatives.*
[^c23049101]: [Ss. 739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 12](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/12) (with [Sch. 13 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/16), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21625911]: Source—1981 s.45(1)-(6), (9)
[^c21625921]: *See* 1981 s.83(3)—*treatment of capital sums for capital gains tax.*
[^c23290661]: Words in [s. 740(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/6/a) substituted (with effect in accordance with [s. 92(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 26 para. 6(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/6/a)
[^c23291591]: Words in 740(6)(a) substituted (with effect in accordance with [s. 92(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 26 para. 6(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/6/b)
[^c23292281]: Words in 740(6)(b) inserted (with effect in accordance with [s. 92(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 26 para. 6(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/6/c)
[^c23782391]: [Ss. 739](https://www.legislation.gov.uk/ukpga/1988/1/section/739), [740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 459](https://www.legislation.gov.uk/ukpga/2005/5/section/459), [569](https://www.legislation.gov.uk/ukpga/2005/5/section/569) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782401]: [S. 740](https://www.legislation.gov.uk/ukpga/1988/1/section/740) applied (with modifications) (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 468](https://www.legislation.gov.uk/ukpga/2005/5/section/468) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782411]: Words in [s. 740(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/2/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 304(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/304/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782431]: Words in [s. 740(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/2/b) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 304(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/304/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782471]: [S. 740(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/4) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 304(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/304/3), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782451]: Words in [s. 740(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/740/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 304(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/304/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21625941]: Source—1970 s.478(3); 1981 s.45(7)
[^c23782501]: [S. 741](https://www.legislation.gov.uk/ukpga/1988/1/section/741) renumbered as s. 741(1) (5.12.2005) by virtue of [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 2(2)(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/2/2/5)
[^c23782521]: [S. 741(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/741/2) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 2(3)(5)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/2/3/5)
[^c21625951]: Source—1970 s.478(4)-(6); 1981 ss.45(7), 46(5)
[^c21625961]: Source—1985 Sch. 23 39
[^c21625971]: Source—1970 s.478(7)-(9); 1972 Sch.24 27; 1981 s.46(6)
[^c21625991]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c22902601]: Words in [s. 742(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/8) repealed (with effect in accordance with s. 251(3)(a) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/3), [Sch. 26 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/8/1), Note
[^c23782621]: Words in [s. 742(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/1) substituted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(2)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/2/6)
[^c23782641]: Words in [s. 742(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/1) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(3)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/3/6)
[^c23782661]: [S. 742(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/1A/1B) inserted (5.12.2005) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 7 para. 6(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/6/4/6)
[^c23782701]: Words in [s. 742(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/742/9/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [97](https://www.legislation.gov.uk/uksi/2005/3229/regulation/97)
[^c21626011]: Source—1970 s.480; 1971 Sch.6 72; 1981 s.46(7)
[^c21626021]: *See* 1970(M) s.31(3)—*appeals to go to Special Commissioners.*
[^c23055431]: Words in [s. 743(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 20(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/20/b)
[^c23161121]: Words in [s. 743(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1) substituted (with effect in accordance with [Sch. 4 para. 20(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/20/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 20(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/20/2/a)
[^c23161161]: [S. 743(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1A) inserted (with effect in accordance with [Sch. 4 para. 20(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/20/4) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 20(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/20/3)
[^c23782741]: Words in [s. 743(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 305(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/305/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782771]: [S. 743(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1ZA) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 305(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/305/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782791]: [S. 743(1A)(a)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1A/a) substituted for s. 743(1A)(a)-(g) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 305(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/305/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782811]: [S. 743(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/743/1B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 305(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/305/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21626031]: Source—1981 s.46(1), (2)
[^c21626041]: *See*—1981 s.84—s.745*to have effect for* 1981 ss.80 to 82 (*capital gains of non-resident settlements*).1984 Sch.14 para.15(2)—s.745*to have effect for* 1984 Sch.14 para.15(1)*as for* s.745,*but references to* Part XVII Ch.III*to be construed as references to* 1984 s.70*and* Sch.14.
[^c21626051]: Source—1970 s.481; 1972 Sch.24 28; 1981 s.45(8)
[^c21626061]: [S. 745(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/2) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 98(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/98/2), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626071]: *See* S.I. [1989 No. 1343](https://www.legislation.gov.uk/ukcm/1989/1343) (N.I.14) Art.10(2)*and* Sch.1 para.38(3)*for construction in the case of a solicitor who is an officer or employee of a recognised body.*
[^c21626111]: 1989 s.107*and* Sch.12 para.17.*Previously* “trading companies (as defined in paragraph 7 of Schedule 19)”.
[^c22902621]: Words in [s. 745(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/4) repealed (partly retrospective to 30.11.1993 and otherwise with effect in accordance with s. 251(3)(a) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(1)(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/1/3), [Sch. 16 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/part/8/1), Note
[^c23062951]: [S. 745(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/5A) inserted (with application in accordance with [Sch. 37 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/c)
[^c23782831]: Words in [s. 745(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 306](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/306) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21626131]: Source—1970 s.479.
[^c23782891]: [S. 746](https://www.legislation.gov.uk/ukpga/1988/1/section/746) renumbered as s. 746(1) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 307(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/307/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782851]: Words in [s. 746(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/746/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 307(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/307/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23782871]: [S. 746(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/746/2/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 307(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/307/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21626141]: [Pt. XVII Ch. IV](https://www.legislation.gov.uk/ukpga/1988/1/part/XVII/chapter/IV) (ss. 747-756) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 119(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/119/3)
[^c21626151]: Source—1984 s.82
[^c22903671]: [S. 747(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4A/4B) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/3)
[^c23226861]: Words in [s. 747(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228081]: Words in [s. 747(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/2/b), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23227981]: Words in [s. 747(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23288481]: [S. 747A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/747A/4/a) restricted (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [2(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/2/2); [S.I. 2003/1282](https://www.legislation.gov.uk/uksi/2003/1282), [art. 2](https://www.legislation.gov.uk/uksi/2003/1282/article/2)
[^c23228001]: Words in [s. 747(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228021]: Words in [s. 747(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228041]: Words in [s. 747(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/5/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228061]: Words in [s. 747(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 1(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/1/5/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23300801]: [S. 747](https://www.legislation.gov.uk/ukpga/1988/1/section/747) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 54(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/54/1)
[^c23298411]: [S. 747(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1A) inserted (21.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 paras. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/3), [9(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/1)
[^c23312831]: [S. 747](https://www.legislation.gov.uk/ukpga/1988/1/section/747) modified (with effect in accordance with Sch. 29 Pt. 14 of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 116](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/116)
[^c23312811]: [S. 747(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/1B) inserted (1.4.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 90(1)(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/90/1/2/a) (with [s. 90(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/section/90/2/b))
[^c23783141]: [S. 747(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/section/747/4A/4B) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c21626161]: Source—1984 s.83
[^c22903731]: [S. 748(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/4/5) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/4)
[^c23071561]: Words in [s. 748(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3/a) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/2)
[^c23228181]: Words in [s. 748(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1) substituted (with effect in accordance with [Sch. 17 para 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228201]: Words in [s. 748(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/d) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228221]: [S. 748(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1/e) and preceding word inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228241]: [S. 748(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/1A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228261]: [S. 748(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/2) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/27); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228281]: Word in [s. 748(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228301]: Words in [s. 748(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/3) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 3(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/3/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23312891]: [S. 748(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/6) inserted (with effect in accordance with [s. 89(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 89(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/89/1)
[^c23783361]: [S. 748(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/748/4/5) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c21626201]: Source—1984 s.85
[^c21626211]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (27.7.1993 with application in relation to accounting periods beginning on or after 16.3.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 119(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/119/1/2)
[^c22903781]: [S. 750(5)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/5) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 25 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/25/paragraph/5)
[^c23228341]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228361]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228381]: [S. 750(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 5(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/5/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23307091]: Words in [s. 750(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/3/b) repealed (with effect in accordance with Sch. 30 of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c23783811]: [S. 750(5)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/5) repealed (with effect in accordance with Sch. 4 para. 24(2) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 11 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/6), Note
[^c23783861]: Words in [s. 750(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1) inserted (with effect in accordance with [s. 44(4)-(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 44(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/2)
[^c23783881]: [S. 750(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/750/1A/1B) inserted (with effect in accordance with [s. 44(4)-(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 44(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/44/3)
[^c21626221]: Source—1984 s.86
[^c21626231]: 1990 s.89*and* Sch.14 para.9 (*correction of errors*)—*deemed always to have had effect. Previously* “the persons”.
[^c21626241]: 1990 s.67(2), (4)*on and after* 20*March* 1990.
[^c22902641]: [S. 751(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/2/bb) repealed (retrospective to 30.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(1)(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/1/4), [Sch. 26 Pt. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/8), Note
[^c23784011]: [S. 751(1)-(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1) applied (6.4.2007 with effect in accordance with s. 1034(1) of the affecting Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 725(3)](https://www.legislation.gov.uk/ukpga/2007/3/section/725/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23228401]: Words in [s. 751(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1/b) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/2/a), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228421]: Words in [s. 751(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/1/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228441]: Words in [s. 751(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/3/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228461]: Words in [s. 751(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/3/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228481]: Words in [s. 751(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5) substituted (with effect in accordance with Sch. 17 para. 37 of amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(4)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/4/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228501]: Words in [s. 751(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228531]: [S. 751(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/5A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228551]: Words in [s. 751(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/751/6) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/6/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21626271]: *See* 1970(M) s.55(1)(g)*and* (6A).
[^c21626281]: Source—1984 s.89(1)-(4), (7)-(11)
[^c23228631]: Words in [s. 754(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228841]: Words in [s. 754(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228861]: [S. 754(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/1A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228651]: [S. 754(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228881]: [S. 754(2A)-(2E)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/2A) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228671]: [S. 754(3)-(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/3) substituted for s. 754(3) (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228981]: [S. 754(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/4) repealed (with effect in accordance with Sch. 17 para. 37 of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/7), [Sch. 27 Pt. 3(27)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/27), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228691]: Words in [s. 754(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228771]: Words in [s. 754(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228901]: Words in [s. 754(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/c); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228921]: Words in [s. 754(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/6) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(8)(d)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/8/d); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228941]: Words in [s. 754(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/a) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228791]: Words in [s. 754(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228961]: Words in [s. 754(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/7/b) added (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(9)(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/9/c); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23228821]: Word in [s. 754(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/754/8) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 9(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/9/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21626301]: Source—1984 s.91
[^c23229231]: [S. 756(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/1): definition of "company tax return" inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 16](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/16); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23312381]: [S. 756(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/3/a) repealed (with effect in accordance with Sch. 31 para. 9(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/2/a), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23312401]: Words in [s. 756(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/756/3) repealed (with effect in accordance with Sch. 31 para. 9(3) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/4/2/b), [Sch. 40 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/14), Note
[^c23316391]: [Pt. 17 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/4) modified (10.6.1999) by The Non-resident [Companies (General Insurance Business) Regulations 1999 (S.I. 1999/1408)](https://www.legislation.gov.uk/uksi/1999/1408), [regs. 3-6](https://www.legislation.gov.uk/uksi/1999/1408/regulation/3)
[^c23229181]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23314601]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1871/regulation/1), [5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [18](https://www.legislation.gov.uk/uksi/1998/1871/regulation/18)
[^c23288531]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified by the [Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30B](https://www.legislation.gov.uk/uksi/1997/473/regulation/30B) (as inserted (13.10.1999) by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 1999 (S.I. 1999/2636)](https://www.legislation.gov.uk/uksi/1999/2636), [regs. 1](https://www.legislation.gov.uk/uksi/1999/2636/regulation/1), [4](https://www.legislation.gov.uk/uksi/1999/2636/regulation/4); and as that reg. 30B is amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [24](https://www.legislation.gov.uk/uksi/2004/822/regulation/24))
[^c23312581]: Words in [s. 755A(1)(c)(5)(7)(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/1/c/5/7/12) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(j)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/j)
[^c23785881]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [16](https://www.legislation.gov.uk/uksi/2004/2680/regulation/16); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23785891]: [S. 755A](https://www.legislation.gov.uk/ukpga/1988/1/section/755A) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [22](https://www.legislation.gov.uk/uksi/2005/2014/regulation/22) (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [21](https://www.legislation.gov.uk/uksi/2007/2134/regulation/21))
[^c23785811]: Words in [s. 755A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/3) substituted (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/8)
[^c23785851]: [S. 755A(11)-(11C)](https://www.legislation.gov.uk/ukpga/1988/1/section/755A/11) substituted for s. 755A(11) (with effect in accordance with [Sch. 33 para. 13(11)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/11) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 13(9)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/13/9)
[^c23229201]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23229211]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23312621]: [S. 755B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/755B/6) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 44](https://www.legislation.gov.uk/uksi/2001/3629/article/44)
[^c23783031]: [Pt. 17 Ch. 4](https://www.legislation.gov.uk/ukpga/1988/1/part/17/chapter/4) modified (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 45(5)(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/45/5/6)
[^c23783571]: Words in [s. 748A(1)(c)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/748A/1/c/2) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23783591]: [S. 748ZA(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/748ZA/5/a) omitted (with effect in accordance with Sch. 5 paras. 6(3), 7(3)(4) of the repealing Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 5 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/5/paragraph/7/2/a)
[^c21626341]: Source—1984 s.92(1), (7)
[^c21626351]: Words in [s. 757(1)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(43)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/43) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626361]: Source—1984 s.92(2)-(6), (8)
[^c21626441]: 1990 s.89*and* Sch.14 para.10 (*correction of errors*)—*deemed always to have had effect.*
[^c23788311]: [S. 757](https://www.legislation.gov.uk/ukpga/1988/1/section/757) modified (24.2.2003) by [Proceeds of Crime Act 2002 (c. 29)](https://www.legislation.gov.uk/ukpga/2002/29), [s. 458(1)](https://www.legislation.gov.uk/ukpga/2002/29/section/458/1), [Sch. 10 para. 7](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/7) (with [Sch. 10 para. 10](https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/10)); [S.I. 2003/120](https://www.legislation.gov.uk/uksi/2003/120), [art. 2](https://www.legislation.gov.uk/uksi/2003/120/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2003/120/schedule) (with [arts. 3](https://www.legislation.gov.uk/uksi/2003/120/article/3), [4](https://www.legislation.gov.uk/uksi/2003/120/article/4) (as amended by [S.I. 2003/333](https://www.legislation.gov.uk/uksi/2003/333), [art. 14](https://www.legislation.gov.uk/uksi/2003/333/article/14)))
[^c23312931]: [S. 757(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5/6) substituted (with effect in accordance with Sch. 9 paras. 7, 8(1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/5)
[^c23789391]: Words in [s. 757(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/1/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/2)
[^c23789431]: Words in [s. 757(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/3/a)
[^c23789451]: Words in [s. 757(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/3/b)
[^c23789471]: Words in [s. 757(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/6) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/4/a)
[^c23789491]: Words in [s. 757(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/757/6) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/4/4/b)
[^c21626481]: Source—1984 s.93
[^c21626491]: Words in [s. 758(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/5/6) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(44)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/44) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23312951]: Words in [s. 758(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/6) substituted (with effect in accordance with Sch. 9 paras. 7, 8(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/6)
[^c23789551]: [S. 758](https://www.legislation.gov.uk/ukpga/1988/1/section/758) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2004/2572/regulation/3)
[^c23789531]: [S. 758(7)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/758/7/8) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/5)
[^c21626561]: Source—1984 s.94
[^c21626571]: Words in [s. 759(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(45)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/45) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22903881]: [S. 759(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/1A) inserted (with application in accordance with [s. 134(8)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 134(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/3)
[^c23789561]: [S. 759(1)(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/1/1A) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/2), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789591]: Words in [s. 759(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/2) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789611]: Words in [s. 759(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/3) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/4) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789631]: Words in [s. 759(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/5) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/5) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789651]: Words in [s. 759(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/6/8) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(6)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/6/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789681]: Words in [s. 759(6)(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/759/6/8) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 6(6)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/6/6/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21626601]: Source—1984 s.95
[^c23789871]: [S. 760](https://www.legislation.gov.uk/ukpga/1988/1/section/760) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17)
[^c23789771]: [S. 760(3)(b)-(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/3/b) and preceding word repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 13(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/13/2), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789821]: [S. 760(4)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/4) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 13(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/13/3), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23789711]: Words in [s. 760(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/2/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789731]: Words in [s. 760(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/2/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23789751]: [S. 760(10A)](https://www.legislation.gov.uk/ukpga/1988/1/section/760/10A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/7/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21626641]: Source—1984 s.96; 1987 Sch.15 16(1)
[^c21626651]: 1990 s.89*and* Sch.14 para.11 (*correction of errors)*—*deemed always to have had effect. Previously* “and Schedule.”
[^c21626661]: Words in [s. 761(2)(3)(5)(6)(7)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2/3/5/6/7/a/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(47)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/47) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21626691]: [S. 761(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/4) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch.12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c23789881]: Words in [s. 761(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 308(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/308/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23789901]: [S. 761(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/1A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 308(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/308/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23789921]: Words in [s. 761(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/a/i)
[^c23789941]: Words in [s. 761(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/2) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/a/ii)
[^c23789961]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/i)
[^c23789981]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/ii)
[^c23790001]: Words in [s. 761(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/761/3) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(1)(b)(iii)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/1/b/iii)
[^c21626751]: Source—1984 s.97
[^c21626761]: Words in [s. 762(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(48)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/48) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23790211]: Word in [s. 762(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/6) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 309(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/309/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23790231]: Words in [s. 762(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 309(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/309/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21626851]: Source—1984 s.98
[^c21626861]: Words in [s. 763(1)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/1) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(49)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/49) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23790431]: Words in [s. 763(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6) substituted (with retrospective effect in accordance with [Sch. 26 para. 16(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/16/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 16(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/16/1) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23790411]: [S. 763(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6A) inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c21626991]: Source—1984 s.100(1)
[^c21627001]: Words in [s. 764](https://www.legislation.gov.uk/ukpga/1988/1/section/764) substituted (27.7.1993 with effect for the year 1993-1994 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.13](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/13), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c23788291]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23788301]: [Ss. 756A-756C](https://www.legislation.gov.uk/ukpga/1988/1/section/756A) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 489](https://www.legislation.gov.uk/ukpga/2009/4/section/489) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21627011]: *Provisions of this section employed in* 1988(F) ss.105, 130*and* Sch.7.
[^c21627021]: Source—1970 s.482(1)-(4)
[^c21627031]: 1990 s.68(1), (4)*in relation to transactions carried out on or after* 1*July* 1990.
[^c21627041]: *Repealed by* 1988(F) ss.105(6), 148*and* Sch.14 Part IV*from* 15*March* 1988.*And see* 1988(F) ss.61, 130-132*and* Sch.7*for new requirements for companies from* 15*March* 1988.
[^c21627051]: 1988(F) s.105(6)*from* 15*March* 1988.*Previously* “so resident”.
[^c21627071]: O.J. No. L178/5
[^c21627081]: Source—1970 s.482(5)
[^c21627091]: Source—1970 s.482(6)
[^c21627101]: Source—1970 s.482(11)
[^c21627111]: Source—1970 s.482(7)
[^c21627121]: Source—1970 s.482(8)-(10)
[^c21627131]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*from* 15*March* 1988*subject to* 1988(F) s.105(6).
[^c21627141]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21627151]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*from* 15*March* 1988*subject to* 1988(F) s.105(6).
[^c21627161]: Source—1970 s.482(12)
[^c21627171]: Source—1970 s.483(1)-(7)
[^c21627191]: *See* s.245—*calculation etc. of* ACT*on change of ownership.*
[^c23791281]: [Ss. 768](https://www.legislation.gov.uk/ukpga/1988/1/section/768), [768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/11); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23791371]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791451]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23312661]: Words in [s. 768(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768/6) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 55](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/55)
[^c21627271]: *See* s.245—*calculation etc. of* ACT*on change of ownership.*
[^c21627281]: Source—1970 s.484
[^c21627341]: [S. 769(6)-(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6) substituted (*in relation to change of ownership occurring on or after* 14*March* 1989) by [Finance Act 1989 (c. 26, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 100(2)](https://www.legislation.gov.uk/ukpga/1989/26/section/100/2).
[^c21627351]: *Repealed by* 1989 ss.100(3), 187*and* Sch.17 Part IV*where the change of ownership of a company would be treated as occurring on or after* 14*March* 1989.
[^c21627361]: *Repealed by* 1989 ss.100(3), 187*and* Sch.17 Part IV*where the change of ownership of a company would be treated as occurring on or after* 14*March* 1989.
[^c22902721]: [S. 769(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2A) inserted (with effect in accordance with [s. 135(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 135(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/4)
[^c22902741]: [S. 769(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/9) inserted (with effect in accordance with [s. 135(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 135(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/135/5)
[^c22903911]: Words in [s. 769(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c22903991]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c22903951]: [S. 769(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/3A) inserted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/3)
[^c22903971]: Words in [s. 769(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/4) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/4)
[^c22904001]: Words in [s. 769(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/5) substituted (with application in accordance with [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/4/2)
[^c23082371]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 37(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/37/a)
[^c22992841]: Words in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 37(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/37/b), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c23229421]: Word in [s. 769(1)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1/5) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/a)
[^c23229491]: Words in [s. 769(1)(2)(d)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/1/2/d/5) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23314631]: Word in [s. 769(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2/d) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/b)
[^c23229461]: Words in [s. 769(2A)(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/2A/9) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(5)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/5/c)
[^c23229531]: Words in [s. 769(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/3) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23229551]: Words in [s. 769(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/4) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 32(c)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/32/c) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23791381]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791331]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791351]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23229371]: [S. 767B(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/1A) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/1)
[^c23229381]: Words in [s. 767B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/2) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/2/a)
[^c23229391]: Words in [s. 767B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/2) inserted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/2/b)
[^c23229401]: Words in [s. 767B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/4) substituted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/3)
[^c23229411]: Words in [s. 767B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/767B/10) substituted (with effect in accordance with [s. 116(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 116(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/116/4)
[^c23076701]: [S. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) substituted for s. 768B(10)(11) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 39(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/39/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23077761]: Words in [s. 768B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/13) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 39(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/39/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23312681]: Words in [s. 768B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/8) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 56](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/56)
[^c23312971]: Words in [s. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 9(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/9/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23313001]: Words in [s. 768B(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/13) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 9(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/9/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23791251]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23790871]: Words in [s. 768B(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/2)
[^c23790891]: Words in [s. 768B(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/6/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/3/a)
[^c23790911]: Words in [s. 768B(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/6) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/3/b)
[^c23790931]: Words in [s. 768B(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/8) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/4)
[^c23790951]: Words in [s. 768B(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/9/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/5)
[^c23790971]: Words in [s. 768B(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/14) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 3(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/3/6)
[^c23791391]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791471]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791291]: Words in [s. 768B(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/768B/10) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/1)
[^c23082351]: [S. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) substituted for s. 768C(9)(10) (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/40) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23313021]: Words in [s. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/10) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23313041]: [S. 768C(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/13) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/2)
[^c23791261]: [Ss. 768B](https://www.legislation.gov.uk/ukpga/1988/1/section/768B), [768C](https://www.legislation.gov.uk/ukpga/1988/1/section/768C) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23791011]: Words in [s. 768C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/2)
[^c23791031]: Words in [s. 768C(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/7/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/3)
[^c23791051]: [S. 768C(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/12): definition substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 4(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/4/4)
[^c23791401]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791481]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791311]: Words in [s. 768C(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/768C/9) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/2)
[^c23791341]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791361]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23229631]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c23791271]: [Ss. 768](https://www.legislation.gov.uk/ukpga/1988/1/section/768), [768D](https://www.legislation.gov.uk/ukpga/1988/1/section/768D) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 11](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/11); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23791411]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791491]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791071]: Words in [s. 768D(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/1/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/2/a)
[^c23791091]: Words in [s. 768D(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/1/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/2/b)
[^c23791111]: Words in [s. 768D(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/4/a) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/3/a)
[^c23791131]: Words in [s. 768D(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/4/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/3/b)
[^c23791151]: Words in [s. 768D(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/6) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/4)
[^c23791191]: [S. 768D(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/768D/8/b) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/5/5)
[^c23791421]: [Ss. 767A-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/767A): [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [reg. 36](https://www.legislation.gov.uk/uksi/2006/575/regulation/36) to be construed as one (6.4.2006) with these sections, by virtue of that reg.
[^c23791501]: [Ss. 768-768E](https://www.legislation.gov.uk/ukpga/1988/1/section/768) modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 30](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/30)
[^c23791211]: Words in [s. 768E(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/768E/1) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/6/2)
[^c23791231]: Words in [s. 768E(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/768E/7) substituted (with effect in accordance with [ss. 42-44](https://www.legislation.gov.uk/ukpga/2004/12/section/42) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 6 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/6/paragraph/6/3)
[^c21627451]: Source—1970 s.486
[^c23793501]: Words in [s. 774(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/774/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 310(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/310/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23793521]: Words in [s. 774(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/774/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 310(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/310/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627461]: Source—1970 s.487(1)-(7)
[^c23794971]: Words in [s. 775(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/775/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 311(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/311/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23794951]: [S. 775(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/775/2A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 311(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/311/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627481]: Source—1970 s.488; 1979(C) Sch.7
[^c21627491]: Words in [s. 776(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/9) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(50)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/50) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23261011]: Words in [s. 776(6)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a/b) substituted (31.7.1998) by [Finance Act 1998 (c. 6)](https://www.legislation.gov.uk/ukpga/1998/6), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/6/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/6/schedule/7/paragraph/1)
[^c23795051]: Word in [s. 776(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6) substituted (S.) (28.11.2004) by [Abolition of Feudal Tenure etc. (Scotland) Act 2000 (asp 5)](https://www.legislation.gov.uk/asp/2000/5), [ss. 71](https://www.legislation.gov.uk/asp/2000/5/section/71), [77(2)](https://www.legislation.gov.uk/asp/2000/5/section/77/2), [Sch. 12 para. 50(4)](https://www.legislation.gov.uk/asp/2000/5/schedule/12/paragraph/50/4); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23795151]: Words in [s. 776(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795071]: [S. 776(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795091]: Words in [s. 776(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795111]: Words in [s. 776(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/6/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23795131]: Words in [s. 776(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/776/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 312(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/312/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627521]: Source—1970 s.489; 1979(C) Sch.7
[^c21627531]: Words in [s. 777(11)(12)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/11/12) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(51)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/51) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23796281]: Words in [s. 777(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/9) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 313(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/313/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796301]: Words in [s. 777(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/777/10) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 313(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/313/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627551]: Source—1970 s.490
[^c21627561]: *See* S.I.[1989 No.1343](https://www.legislation.gov.uk/ukcm/1989/1343) (N.I.14) Sch.1 para.38(3)*for construction in the case of a solicitor who is an officer or employee of a recognised body.*
[^c22902761]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) restricted (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 23](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/23)
[^c21627571]: Source—1970 s.491
[^c22902821]: [S. 779(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/1/2) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 24(8)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/24/8) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c23082471]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 22](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/22) (with [s. 43(6)](https://www.legislation.gov.uk/ukpga/1996/55/section/43/6))
[^c22904051]: [S. 779(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/1/2) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/10)
[^c22904011]: Words in [s. 779(13)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/a) repealed (with effect in accordance with s. 39(4)(5) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 27](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/27), [Sch. 29 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/1), Note
[^c23312471]: [S. 779](https://www.legislation.gov.uk/ukpga/1988/1/section/779) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(1)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/1); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23264461]: Words in [s. 779(13)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23796881]: Words in [s. 779(13)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/e) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 101](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/101) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23796901]: Words in [s. 779(13)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 32(2)
[^c23796921]: Words in [s. 779(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10) renumbered as s. 779(10)(a) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796941]: Words in [s. 779(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796961]: Words in [s. 779(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23796981]: [S. 779(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10/b) and preceding word inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797001]: Words in [s. 779(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/10) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(2)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797021]: [S. 779(13)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/aa) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797061]: Words in [s. 779(13)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/c) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797041]: [S. 779(13)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/779/13/ca) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 314(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/314/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23082491]: [S. 780](https://www.legislation.gov.uk/ukpga/1988/1/section/780) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 23](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/23) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21627581]: Source—1972 s.80
[^c23269121]: Words in [s. 780(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797221]: Words in [s. 780(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 315(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/315/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797241]: [S. 780(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/780/3A/3B) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 315(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/315/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22902841]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(1)-(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/1)
[^c22902861]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(6)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/6)
[^c22902921]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 18(1)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/18/1) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22904071]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/11/1)
[^c21627591]: Source—1970 s.492 (1)-(5), (7)-(9); 1971 Sch.8 16(7)
[^c21627601]: *See* 1979(C) s.106*and* Sch.3 para.9—*amounts charged under* s.781*to be excluded in computing capital gains.*
[^c23082531]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 24(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/24/1) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c23082391]: Words in [s. 781(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/8) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 21(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/21/2)
[^c23082411]: [S. 781(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/8A) inserted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 21(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/21/3)
[^c23312441]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(2)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/2); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23271011]: Words in [s. 781(4)(a)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/a/5/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23312701]: Words in [s. 781(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/9) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 57](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/57)
[^c23797301]: Words in [s. 781(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 102](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/102) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23797321]: Words in [s. 781(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/c) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 33(2)
[^c23797401]: [S. 781](https://www.legislation.gov.uk/ukpga/1988/1/section/781) modified (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 paras. 8](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/8), [20](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/20); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23797341]: Words in [s. 781(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797361]: [S. 781(4)(ab)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/ab) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797381]: Words in [s. 781(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/781/4/b) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 316(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/316/4), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22902941]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/5)
[^c22902961]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 18(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/18/2) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22904091]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 11(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/11/2)
[^c23082551]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 24(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/24/2) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21627621]: Source—1970 s.493; 1971 Sch.8 16(8)
[^c23312481]: [S. 782](https://www.legislation.gov.uk/ukpga/1988/1/section/782) excluded (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 para. 13(1)](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/13/1); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^c23276161]: Words in [s. 782(1)(a)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/1/a/2/3) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797581]: Words in [s. 782(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/782/9) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 317](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/317) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627631]: Source—1970 s.494
[^c22902981]: [S. 783(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/2) restricted (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/2)
[^c22903001]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 19(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/19/1/a/3)
[^c21627641]: *See*—s.756—s.783(11)*applied for purposes of* Part XVII Ch.IV (*controlled foreign companies*),s.798(10)—s.783(11)*applied for purposes of* s.798 (*interest on certain overseas loans*).
[^c23797661]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 paras. 8(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/8/2), [20(2)](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/20/2); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^c23797641]: Words in [s. 783(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/10/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 318](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/318) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23797711]: [S. 783(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/4) excluded (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 paras. 16(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/16/2), [25(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/25/2)
[^c23797671]: Words in [s. 783(10)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/783/10/a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [98](https://www.legislation.gov.uk/uksi/2005/3229/regulation/98)
[^c21627651]: Source—1970 s.495
[^c21627661]: Source—Consumer Credit Act 1974 Sch.4 29
[^c23279891]: Words in [s. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23797791]: [S. 785](https://www.legislation.gov.uk/ukpga/1988/1/section/785): words in definition of "capital sum" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 319](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/319) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627681]: Source—1970 s.496
[^c22992861]: [S. 786(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/4) repealed (with effect in accordance with s. 159(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/1), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note 1; [S.I. 1996/2646](https://www.legislation.gov.uk/uksi/1996/2646), [art. 2](https://www.legislation.gov.uk/uksi/1996/2646/article/2)
[^c23798221]: Words in [s. 786(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798261]: [S. 786(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/3A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798241]: Words in [s. 786(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23798281]: [S. 786(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/786/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 320(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/320/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627691]: Source—1976 s.38
[^c23798441]: [S. 787](https://www.legislation.gov.uk/ukpga/1988/1/section/787) extended (with effect in accordance with s. 56 of the affecting Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 2 para. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/2/paragraph/8)
[^c23313081]: [S. 787(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/787/1A) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 53(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/53/2)
[^c23313101]: [S. 787(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/787/3) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 53(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/53/3)
[^c21627721]: *See*—1970 ss.267, 273, 273A*and* 276(groups)—*disapplication of those provisions in the case of companies treated as resident outside the U.K. by virtue of* s.788.1989 s.115—*calculation of tax credit for non-resident on gross amount of distribution.*1990 s.32(8)—*application of* s.788*to assets held by employee share ownership trusts.* [S. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) modified (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 194(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/194/1)
[^c21627741]: Source—1970 s.497(1)-(8); 1972 ss.98(2), 100(1); 1976 s.50(2); 1987 s.70(1)
[^c22810261]: [S. 788](https://www.legislation.gov.uk/ukpga/1988/1/section/788) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 57](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/57)
[^c22810241]: Words in [s. 788(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/5) repealed (1.4.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 1](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/1), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22810221]: Words in [s. 788(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/5) inserted (with effect in accordance with [Sch. 30 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/2/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 2(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/2/1)
[^c22810271]: Words in [s. 788(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/1)
[^c22810291]: Words in [s. 788(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/7/a) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23798991]: Words in [s. 788(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/2) substituted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 198(1)(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/198/1/2)
[^c23799001]: Words in [s. 788(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/3/d) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 321(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/321/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23799021]: Words in [s. 788(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/788/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 321(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/321/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627751]: Source—1970 s.497(9), (10); 1971 sch.6 74; 1972 s.100(1)
[^c21627761]: [1952 c.10](https://www.legislation.gov.uk/ukpga/1952/10).
[^c21627771]: [1965 c. 25](https://www.legislation.gov.uk/ukpga/1965/25).
[^c22810331]: Words in [s. 789(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/789/2) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 21](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/21)
[^c21627781]: Source—1970 s.498(1); 1972 s.100(1)
[^c21627791]: Source—1970 s.498(2)
[^c21627801]: Source—1970 s.498(3); 1972 s.100(1)
[^c21627811]: Source—1970 s.498(4); 1971 s.26(3); 1972 s.83(1)-(5)
[^c21627821]: Source—1970 s.498(5), (6); 1972 s.100(1)
[^c22810431]: [S. 790](https://www.legislation.gov.uk/ukpga/1988/1/section/790) restricted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 57](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/57)
[^c22810351]: Words in [s. 790(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/3) substituted (with effect in accordance with [Sch. 30 para. 3(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 3(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/2)
[^c22810391]: Words in [s. 790(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/2)
[^c22810411]: [S. 790(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6A) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/3)
[^c22810371]: [S. 790(10A)-(10C)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/10A) inserted (with effect in accordance with [Sch. 30 para. 3(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 3(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/3/3)
[^c22894231]: Words in [s. 790(3)(5)(b)(10A)(d)(10C)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/3/5/b/10A/d/10C) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23799161]: Words in [s. 790(6A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/6A/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23799171]: Words in [s. 790(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/790/11) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 322](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/322) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21627831]: *For regulations see* Part III Vol.5
[^c21627841]: Source—1970 s.517
[^c21627871]: Source—1970 s.500
[^c22894301]: Words in [s. 792(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/792/1/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802251]: [S. 792](https://www.legislation.gov.uk/ukpga/1988/1/section/792) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802231]: [S. 792(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/792/1): words in definition of "foreign tax" inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 115(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/115/1)
[^c23802281]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21627881]: Source—1970 s.501; 1972 s.100 (1).
[^c21627891]: Source—1970 s.502; 1982 s.67; 1972 s.100(1).
[^c22894511]: [S. 794(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/bb) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/5)
[^c22894531]: [S. 794(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/c) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/6), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13)
[^c23802331]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802301]: Words in [s. 794(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 103](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/103) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23802321]: [S. 794(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/794/2/bb) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c21627901]: Source—1970 s.503; 1972 s.100(1); 1987 Sch.15 2(18)
[^c22894551]: [S. 795(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/41) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894601]: Words in [s. 795(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/b) renumbered as s. 795(2)(b)(i) (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by virtue of [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/2)
[^c22894571]: [S. 795(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/b/ii) and preceding word inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/2)
[^c22894631]: [S. 795(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/3A) inserted (with effect in accordance with [Sch. 27 para. 1(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/1/3)
[^c22894671]: Words in [s. 795(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4) renumbered as s. 795(4)(a) (24.7.2002) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/2)
[^c22894651]: [S. 795(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/4/b) and preceding word inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/2)
[^c23802431]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802341]: Words in [s. 795(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1) renumbered as s. 795(1)(a) (22.7.2004) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/2)
[^c23802361]: [S. 795(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1/b) and preceding word inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/2)
[^c23802421]: [S. 795(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/1/b) modified by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 277(1A)-(1C)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/1A) (as inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/6))
[^c23802381]: Words in [s. 795(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/2/a) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/3)
[^c23802401]: [S. 795(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/795/5) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 112(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/112/4)
[^c21627911]: Source—1970 s.504
[^c22894701]: Words in [s. 796(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/796/1) inserted (with effect in accordance with [s. 77(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/77/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 8 para. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/8/paragraph/12)
[^c21627921]: Source—1970 s.505; 1972 s.100(1), (3); 1984 s.53(1)
[^c21627931]: Source—1972 s.100(4)-(6A); 1984 s.53(1); 1986 s.49; 1987 (No.2) s.77
[^c22894721]: [S. 797(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3A/3B) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 42(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/42/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894771]: Words in [s. 797(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3B/b) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(a)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/a/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c22894741]: [S. 797(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/6) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 42(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/42/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22894781]: [S. 797(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/4/5) repealed (with effect in accordance with Sch. 3 para. 35(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 35(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/35/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22894801]: Words in [s. 797(3B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3B/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 54](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/54)
[^c23802601]: Words in [s. 797(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/1) substituted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/2)
[^c23802621]: Words in [s. 797(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/2) substituted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/3)
[^c23802641]: [S. 797(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/2A) inserted (with effect in accordance with [s. 154(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 154(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/154/4)
[^c23802681]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802661]: Words in [s. 797(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/797/3) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 34(2)
[^c23803041]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803121]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894841]: Word at the end of s. 797A(5)(a) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/b/4)
[^c22894821]: [S. 797A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/c) and preceding word repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/b/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c22894861]: Words at the end of s. 797A(5) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(c)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/c/4)
[^c22894901]: Words in [s. 797A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/6) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(d)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/d/4)
[^c22894881]: Words at the end of s. 797A(7) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(2)(e)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/2/e/4)
[^c22894931]: Word in [s. 797A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/1/a) substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/2/a)
[^c22894951]: Words in [s. 797A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/1/b) substituted (with effect in accordance with [Sch. 30 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/7/2/b)
[^c23802771]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894991]: Words in [s. 797A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/a) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/a/i)
[^c22895011]: Words in [s. 797A(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/a) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/a/ii)
[^c22895071]: [S. 797A(5)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/aa) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/b)
[^c22895031]: Word in [s. 797A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5/b) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/2/c)
[^c22895101]: Words in [s. 797A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/5) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c22895051]: Words in [s. 797A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/6) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 55(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/55/3)
[^c22895141]: Words in [s. 797A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/797A/7) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23803061]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803131]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803081]: [Ss. 798-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/798) substituted for ss. 798-798B (with effect in accordance with [s. 86(3)-(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/1)
[^c23803141]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23802291]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894471]: Words in [s. 793A(1)(a)(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/793A/1/a/3) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802531]: [Ss. 793-795A](https://www.legislation.gov.uk/ukpga/1988/1/section/793) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22894501]: Words in [s. 795A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/795A/1/b) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23802961]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c23803151]: [Ss. 797-798C](https://www.legislation.gov.uk/ukpga/1988/1/section/797) applied (31.12.2006 with effect in accordance with reg. 1(2) of the amending S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [reg. 4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21627961]: Source—1970 s.506; 1976 s.50(3)
[^c22895281]: Words in [s. 799(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1) renumbered as s. 799(1)(a) (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/2)
[^c22895261]: [S. 799(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1/b) and preceding word inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/2)
[^c22895291]: [S. 799(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1A) inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/3)
[^c22895311]: Word at the end of s. 799(3)(a) inserted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/a)
[^c22895331]: [S. 799(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/3/b) repealed (with effect in accordance with Sch. 30 para. 8(5)(6) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/b), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22895351]: Words in [s. 799(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/3/c) substituted (with effect in accordance with [Sch. 30 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/5/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 8(4)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/8/4/c)
[^c22895371]: [S. 799(5)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/5) added (with effect in accordance with [Sch. 30 para. 9(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/9/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 9(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/9/2)
[^c22895391]: [S. 799(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1A) substituted (with effect in accordance with [Sch. 27 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 2(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/2)
[^c22895411]: [S. 799(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/1B) inserted (with effect in accordance with [Sch. 27 para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/2/3)
[^c23803451]: [S. 799(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/2A) inserted (with effect in accordance with [s. 85(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/85/2) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2005/7/section/85/1)
[^c23803471]: Words in [s. 799(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/799/6/b) inserted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 7](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/7)
[^c21627981]: Source—1970 s.508; 1971 s.26(2)
[^c22895871]: Words in [s. 801(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(8)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/8/a)
[^c22895891]: Words in [s. 801(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(8)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/8/b)
[^c22895911]: [S. 801(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1A) inserted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(9)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/9)
[^c22895931]: [S. 801(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2A) inserted (with effect in accordance with [Sch. 30 para. 11(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/11/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 11(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/11/2)
[^c22895971]: [S. 801(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/4A) inserted (with effect in accordance with [Sch. 27 para. 3(4)(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/3/4/5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 3(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/3/3)
[^c23803591]: Words in [s. 801(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/1A/b) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23803671]: Words in [s. 801(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2) substituted (with effect in accordance with [s. 91(8)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/8) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/5)
[^c23803601]: [S. 801(2A)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2A/aa) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/2)
[^c23803641]: [S. 801(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/2B) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/3)
[^c23803691]: [S. 801(4A)-(4D)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/4A) repealed (with effect in accordance with s. 91(8) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 91(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/91/6), [Sch. 11 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/9), Note
[^c23803651]: [S. 801(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/6/7) inserted (with effect in accordance with [s. 89(5)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 89(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/89/4)
[^c23803741]: [S. 801(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/801/5A) inserted (with effect in accordance with [s. 43(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/43/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 43(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/43/2)
[^c21628011]: Source—1982 s.66; 1987 (No.2) s.68
[^c22896271]: Words in [s. 803(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/b) inserted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/a)
[^c22896291]: Words in [s. 803(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/c) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/b)
[^c22896311]: [S. 803(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/d) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(2)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/2/c)
[^c22896331]: Words in [s. 803(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/3) substituted (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/3)
[^c22896591]: [S. 803(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/10) substituted for s. 803(10)(11) (with effect in accordance with [s. 106(11)(12)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/11/12) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 106(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/106/10)
[^c23803891]: Words in [s. 803(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/1/d) substituted (with effect in accordance with [s. 86(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/2/a)
[^c23803911]: [S. 803(4)-(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/803/4) repealed (with effect in accordance with s. 86(3)(4) of the repealing Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2005/7/section/86/2/b), [Sch. 11 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/8), Note
[^c22896071]: Words in [s. 801A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/1/a) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/11)
[^c22896091]: Words in [s. 801A(2)(7)(11)](https://www.legislation.gov.uk/ukpga/1988/1/section/801A/2/7/11) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/12)
[^c23804001]: [S. 803A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/803A/1A) inserted (with effect in accordance with [s. 90(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/90/3) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2005/7/section/90/2)
[^c21628021]: Source—1970 s.510; 1971 Sch.6 75
[^c22897241]: Words in [s. 804(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/1) substituted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/1) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897261]: [S. 804(5)-(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5) substituted for s. 804(5) (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/2) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897281]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): definition of "overlap profit" inserted (with effect in accordance with [s. 218](https://www.legislation.gov.uk/ukpga/1994/9/section/218) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/a) (with [Sch. 20 para. 12(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/20/paragraph/12/1))
[^c22897301]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): definitions of "non-basis period" and "years of commencement" repealed (with effect in accordance with s. 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20 para. 12(1))
[^c22897331]: Words in [s. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8) repealed (with effect in accordance with s. 218 of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 217(3)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/217/3/b), [Sch. 26 Pt. 5(24)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/24), Note 7 (with Sch. 20 para. 12(1))
[^c22897351]: Words in [s. 804(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/7) substituted (with effect in accordance with [s. 135(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/135/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 22](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/22)
[^c23804191]: Words in [s. 804(5)(b)(5A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5/b/5A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804221]: Words in [s. 804(5B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5B/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804241]: Words in [s. 804(5B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5B/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804261]: Words in [s. 804(5C)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/5C) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23804281]: [S. 804(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/804/8): words in definition of "overlap profit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 323(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/323/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22897371]: Words in [s. 804A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/3) repealed (with effect in accordance with s. 105(1) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3), Note
[^c22897391]: [S. 804A(1)-(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1) substituted for s. 804A(1) (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/2)
[^c22897411]: Words in [s. 804A(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/3) substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/3)
[^c22897431]: Words in [s. 804A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/5) substituted (with effect in accordance with [Sch. 30 para. 16(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 16(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/16/4)
[^c23804341]: Words in [s. 804A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804A/1/a) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21628041]: *See* s.732(4)—*dealers in securities.*
[^c23805031]: [Ss. 805](https://www.legislation.gov.uk/ukpga/1988/1/section/805), [806](https://www.legislation.gov.uk/ukpga/1988/1/section/806) applied (31.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3262/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c21628051]: Source—1970 s.511; 1972 s.100(1)
[^c21628061]: *See* s.448—*overseas life assurance companies.*
[^c22897581]: [S. 806(3)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/806/3) inserted (17.3.1998 with effect in accordance with [s. 107(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/107/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 107(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/107/1)
[^c22897601]: [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34).
[^c22897611]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c23805041]: [Ss. 805](https://www.legislation.gov.uk/ukpga/1988/1/section/805), [806](https://www.legislation.gov.uk/ukpga/1988/1/section/806) applied (31.12.2006 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Lloyd's Underwriters (Double Taxation Relief) (Corporate Members) Regulations 2006 (S.I. 2006/3262)](https://www.legislation.gov.uk/uksi/2006/3262), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3262/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2006/3262/regulation/4)
[^c22897621]: [S. 806(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/806/1) substituted (with effect in accordance with [Sch. 30 para. 20(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/20/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 20(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/20/2)
[^c22897471]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) modified (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30C](https://www.legislation.gov.uk/uksi/1997/473/regulation/30C) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [6](https://www.legislation.gov.uk/uksi/2000/2710/regulation/6); and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [25](https://www.legislation.gov.uk/uksi/2004/822/regulation/25))
[^c22897211]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22897481]: Words in [s. 804B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/2) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 6(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/6/a)
[^c22897501]: Words in [s. 804B(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/4) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 6(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/6/b)
[^c22897521]: Words in [s. 804B(4)(b)(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/4/b/5/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(k)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/k)
[^c23804411]: Words in [s. 804B(7)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/a) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/1/a)
[^c23804431]: Words in [s. 804B(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7/b) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/1/b)
[^c23804471]: [S. 804B](https://www.legislation.gov.uk/ukpga/1988/1/section/804B) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2005/2014/regulation/23) (as amended by: [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [22](https://www.legislation.gov.uk/uksi/2007/2134/regulation/22); [S.I. 2008/1937](https://www.legislation.gov.uk/uksi/2008/1937), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2008/1937/regulation/1/1/2), [10](https://www.legislation.gov.uk/uksi/2008/1937/regulation/10))
[^c23804451]: [S. 804B(7A)](https://www.legislation.gov.uk/ukpga/1988/1/section/804B/7A) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/2004/12/schedule/7/paragraph/7)
[^c23804741]: Words in [s. 804C(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/4/5) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/3)
[^c23804771]: [S. 804C(13)](https://www.legislation.gov.uk/ukpga/1988/1/section/804C/13) substituted (with effect in accordance with [Sch. 33 para. 11(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/5) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 11(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/11/4)
[^c22897551]: [S. 804D](https://www.legislation.gov.uk/ukpga/1988/1/section/804D) modified (25.10.2000) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 30D](https://www.legislation.gov.uk/uksi/1997/473/regulation/30D) (as inserted by [The Friendly Societies (Modification of the Corporation Tax Acts) (Amendment) Regulations 2000 (S.I. 2000/2710)](https://www.legislation.gov.uk/uksi/2000/2710), [regs. 1](https://www.legislation.gov.uk/uksi/2000/2710/regulation/1), [6](https://www.legislation.gov.uk/uksi/2000/2710/regulation/6); and as amended by [S.I. 2004/822](https://www.legislation.gov.uk/uksi/2004/822), [regs. 1](https://www.legislation.gov.uk/uksi/2004/822/regulation/1), [26](https://www.legislation.gov.uk/uksi/2004/822/regulation/26))
[^c23804881]: [S. 804D](https://www.legislation.gov.uk/ukpga/1988/1/section/804D) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/2005/2014/regulation/24)
[^c22897221]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22897231]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22898011]: Words in [s. 806A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806A/5) added (with effect in accordance with [Sch. 27 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/4/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/4/2)
[^c22898031]: [S. 806B(3)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/806B/3) substituted (with effect in accordance with [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/2)
[^c22898051]: Words in [s. 806B(9)](https://www.legislation.gov.uk/ukpga/1988/1/section/806B/9) substituted (with effect in accordance with [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/5/3)
[^c23805811]: [S. 806K(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/806K/1) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23805821]: [S. 806K(2)(bb)](https://www.legislation.gov.uk/ukpga/1988/1/section/806K/2/bb) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 324](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/324) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23805901]: Words in [s. 806L(1)(2)(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/1/2/4/5) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23805881]: [S. 806L(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/806L/7) substituted (with effect in accordance with [s. 155(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/155/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 1(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/1/3)
[^c23806021]: Words in [s. 806M(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/806M/2) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21628081]: Source—1985 Sch.23 37
[^c21628091]: Source—1988 Sch.23 38(1)-(3)
[^c22898151]: [S. 807(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/6) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 45](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/45) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23806331]: Words in [s. 807(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807/1/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 325](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/325) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628111]: Source—1976 s.50(1)
[^c21628121]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 73(3)(4)(5)](https://www.legislation.gov.uk/ukpga/1991/31/section/73/3/4/5), [Sch. 15 para.21](https://www.legislation.gov.uk/ukpga/1991/31/schedule/15/paragraph/21)
[^c22899541]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/a)
[^c22899561]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) substituted (with effect in accordance with [s. 140(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/b)
[^c22899581]: Words in [s. 808](https://www.legislation.gov.uk/ukpga/1988/1/section/808) repealed (with effect in accordance with s. 140(2) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 140(1)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/140/1/c), [Sch. 26 Pt. 5(18)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/18), Note
[^c21628141]: Source—1973 s.18
[^c21628191]: Source—1970 s.516; 1973 s.40(1); 1987 Sch.15 2(19)
[^c21628212]: [S. 811(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/c) and preceding word repealed (with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 103(2)(g)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/g/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9)
[^c22899621]: [S. 811(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 47](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/47) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22899641]: [S. 811(4)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/4) inserted (with effect in accordance with [Sch. 30 para. 27(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/27/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 27(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/27/2)
[^c22899661]: [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34).
[^c22899671]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c22899681]: Word preceding s. 811(2)(b) repealed (with effect in accordance with Sch. 27 para. 6(3) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/a), [Sch. 33 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/8), Note
[^c22899701]: Word at the end of s. 811(2)(b) inserted (with effect in accordance with [Sch. 27 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/b)
[^c22899721]: [S. 811(2)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2/d) inserted (with effect in accordance with [Sch. 27 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 27 para. 6(2)(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/27/paragraph/6/2/c)
[^c22899761]: Words in [s. 811(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3) renumbered as s. 811(3)(a) (24.7.2002) by virtue of [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/5)
[^c22899741]: [S. 811(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/3/b) and preceding word inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 5(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/5/5)
[^c23806891]: Words in [s. 811(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/811/2) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [s. 115(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/115/2)
[^c21628221]: Source—1985 s.54(1),(3)
[^c21628231]: Source—1985 s.54(6) Sch.13 5
[^c21628241]: Source—1985 s.54(4),(5)
[^c21628251]: Source—1985 s.54(6) Sch.13 5.
[^c21628261]: Source—1985 s.54(7)(b), Sch.13 5(1)
[^c21628271]: Source—1985 s.54(7)(a)
[^c21628281]: Source—1985 s.54(8)
[^c22899771]: [S. 812(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/4/a) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 38(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/38/2), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22899791]: Words in [s. 812(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/7) substituted (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 38(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/38/3)
[^c22899821]: Words in [s. 812(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/2) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23807201]: Words in [s. 812(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 326(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/326/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23807221]: Words in [s. 812(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 326(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/326/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23807241]: [S. 812(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/c) substituted (6.4.2007 with effect in accordance with [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) of the amending Act) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [Sch. 1 para. 201](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/201) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^c23807301]: Words in [s. 812(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/1/b) substituted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 8 para. 30](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/30) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c23807261]: Words in [s. 812(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/c) substituted (1.4.2010 with effect in accordance with [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Sch. 1 para. 116(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/116/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^c23807281]: [S. 812(5)(d)](https://www.legislation.gov.uk/ukpga/1988/1/section/812/5/d) substituted (1.4.2010 with effect in accordance with [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [Sch. 1 para. 116(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/116/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^c21628291]: Source—1985 Sch.13 1
[^c21628301]: *Reproduced in* Part III Vol.5.
[^c21628311]: [S.I. 1973/317](https://www.legislation.gov.uk/uksi/1973/317).
[^c22899851]: [S. 813(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/813/6/b) repealed (with effect in accordance with Sch. 3 para. 37(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 37(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/37/2), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c21628321]: Source-1985 Sch. 13 3
[^c23807321]: [S. 814(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/814/1) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23807331]: Words in [s. 814(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/814/1/a) substituted (1.4.2010 with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [Sch. 8 para. 31](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/31) (with [Sch. 9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9))
[^c21628331]: Source—1985 Sch.13 4(1)
[^c21628391]: *See* 1979(C) s.10(4)—*application to capital gains tax.* [S. 816](https://www.legislation.gov.uk/ukpga/1988/1/section/816) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 277(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/277/4), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 816](https://www.legislation.gov.uk/ukpga/1988/1/section/816) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 194(5)](https://www.legislation.gov.uk/ukpga/1993/34/section/194/5)
[^c21628401]: Source—1970 s.518; 1972 s.100(1)
[^c21628411]: [S. 816(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2A) inserted (16.7.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 51(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/51/2)
[^c22900281]: [S. 816(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/3A) inserted (with effect in accordance with [Sch. 37 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(1)(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/1/2/d)
[^c22900291]: Words in [s. 816(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 146(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/146/2)
[^c22900311]: [S. 816(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2ZA) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 146(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/146/2)
[^c22900331]: Word in [s. 816(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/c)
[^c22900351]: Words in [s. 816(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/d)
[^c22900371]: Words in [s. 816(2ZA)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2ZA) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(e)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/e)
[^c23807421]: Words in [s. 816(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/1) substituted (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(a)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/a); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23807441]: Words in [s. 816(2)(2ZA)(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/2/2ZA/2A) substituted (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(b)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/b); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23807481]: [S. 816(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/816/5) added (18.4.2005) by [Commissioners for Revenue and Customs Act 2005 (c. 11)](https://www.legislation.gov.uk/ukpga/2005/11), [s. 53(1)](https://www.legislation.gov.uk/ukpga/2005/11/section/53/1), [Sch. 4 para. 37(c)](https://www.legislation.gov.uk/ukpga/2005/11/schedule/4/paragraph/37/c); [S.I. 2005/1126](https://www.legislation.gov.uk/uksi/2005/1126), [art. 2(2)(h)](https://www.legislation.gov.uk/uksi/2005/1126/article/2/2/h)
[^c23806781]: [S. 808A(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/808A/2) applied (with effect in accordance with s. 97(5)(6) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 103](https://www.legislation.gov.uk/ukpga/2004/12/section/103) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23806791]: [S. 808A(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/808A/2) applied (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 764](https://www.legislation.gov.uk/ukpga/2005/5/section/764) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628351]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied (*retrospectively*) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 140C(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/140C/5) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 45](https://www.legislation.gov.uk/ukpga/1992/48/section/45)) [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied (*retrospectively*) by [Income and Corporation Taxes Act 1970 (c. 10)](https://www.legislation.gov.uk/ukpga/1970/10), [s. 269C(5)](https://www.legislation.gov.uk/ukpga/1970/10/section/269C/5) (as inserted (*retrospectively*) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 48](https://www.legislation.gov.uk/ukpga/1992/48/section/48))
[^c22900201]: [S. 815A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/2) substituted for s. 815A(2)-(4) (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 39](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/39)
[^c23807351]: Words in [s. 815A(6)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/6) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23807381]: [S. 815A](https://www.legislation.gov.uk/ukpga/1988/1/section/815A) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [s. 140F(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/140F/4) (as substituted (29.11.2007 with effect in accordance with reg. 3 of the affecting S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/2))
[^c23807361]: Words in [s. 815A(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815A/1) inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 59(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/59/1)
[^c22898181]: Words in [s. 807A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2) inserted (with effect in accordance with [s. 91(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/2)
[^c22898201]: [S. 807A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2A) inserted (with effect in accordance with [s. 91(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/3)
[^c22898221]: Words in [s. 807A(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/3/b) inserted (with effect in accordance with [s. 91(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/4)
[^c22898241]: [S. 807A(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/6A) inserted (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 91(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/91/5)
[^c22898261]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22898291]: Words in [s. 807A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b) renumbered as s. 807A(2)(b)(i) (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/2)
[^c22898271]: [S. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) and preceding word inserted (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/2)
[^c22898301]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant qualifying payment" inserted (with effect in accordance with [Sch. 30 para. 24(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 24(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/24/3)
[^c22898331]: Words in [s. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/2/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898351]: Words in [s. 807A(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2/b/ii) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/2/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898371]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant payment" inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c22898391]: [S. 807A(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/7): definition of "relevant qualifying payment" repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 12(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/12/4), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c23806531]: [S. 807A(2B)](https://www.legislation.gov.uk/ukpga/1988/1/section/807A/2B) inserted (with effect in accordance with [Sch. 7 para. 5(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/5/3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/5/2)
[^c23806801]: [S. 808B(2)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/808B/2)(9) applied (with effect in accordance with s. 97(5)(6) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 103](https://www.legislation.gov.uk/ukpga/2004/12/section/103) (with [s. 106](https://www.legislation.gov.uk/ukpga/2004/12/section/106))
[^c23806811]: [S. 808B(2)-(7)](https://www.legislation.gov.uk/ukpga/1988/1/section/808B/2)(9) applied (6.4.2005 with effect in accordance with s. 883(1) of the affecting Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 764](https://www.legislation.gov.uk/ukpga/2005/5/section/764) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22900221]: Words in [s. 815AA(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815AA/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c22900241]: Words in [s. 815C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815C/1) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/88/2/a)
[^c23807411]: Words in [s. 815C(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/815C/1) substituted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 198(1)(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/198/1/2)
[^c21628421]: Source—1970 s.519.
[^c21628431]: *See* s.125—*annual payments for non-taxable consideration.*
[^c22800371]: [S. 817(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1/b) restricted (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 8(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/3) (with [Sch. 29 para. 8(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/8/4))
[^c23812231]: Word in [s. 817(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812251]: Words in [s. 817(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/1/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812271]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812291]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812331]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812311]: Words in [s. 817(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/817/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 327(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/327/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628441]: Source—1970 s.425; 1971 Sch.6 51
[^c23812351]: Words in [s. 818(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/818/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 328(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/328/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23812371]: [S. 818(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/818/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 328(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/328/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628481]: Source—1971 Sch.7 2-4; 1978 Sch.2 14
[^c21628491]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 19(3)(7)](https://www.legislation.gov.uk/ukpga/1992/48/section/19/3/7)
[^c21628501]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c22800381]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (with effect in accordance with [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/13)
[^c22800391]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) inserted (with effect in accordance with [Sch. 4 para. 21(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/21/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 21(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/21/1/a)
[^c22800411]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (with effect in accordance with [Sch. 4 para. 21(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/21/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 21(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/21/1/b)
[^c22800461]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (with effect in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(9)(c)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/9/c)
[^c23812391]: Words in [s. 819(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/819/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 329](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/329) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21628561]: Source—1970 s.523
[^c21628891]: Source—1975 (No.2) s.47(3)(a)
[^c22801891]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39) s. 146, Sch.13 para.7(c)
[^c22801921]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) repealed (on and after 18.8.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [ss. 178(7)](https://www.legislation.gov.uk/ukpga/1989/26/section/178/7), [187](https://www.legislation.gov.uk/ukpga/1989/26/section/187), [Sch.17 Part 10](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/10); [S.I. 1989/1298](https://www.legislation.gov.uk/uksi/1989/1298)
[^c22801901]: Words in [s. 824(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/2) substituted (retrospectively) by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 146](https://www.legislation.gov.uk/ukpga/1988/39/section/146), [Sch.13 para.7(c)](https://www.legislation.gov.uk/ukpga/1988/39/schedule/13/paragraph/7/c)
[^c23813091]: Words in [s. 824(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/824/4A/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 331(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/331/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629221]: *Repealed by* 1989 s.178(7)*and* 187*and* Sch.17 Part X*from* 18*August* 1989 (*see* S.I. [1989 No.1298](https://www.legislation.gov.uk/ukcm/1989/1298)).
[^c21629261]: *See* Table I*in* Vol.1*and see* 1989 s.178*for further regulation making powers and* Part III Vol.5*for regulations.*
[^c21629281]: *And see* Sch.30 para.1(9).
[^c22802181]: Words in [s. 826(7C)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/7C) substituted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 48(1)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/48/1/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22802941]: Words in [s. 826(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5) re-numbered as s. 826(5)(a) (31.7.1998) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/2/a)
[^c22802951]: Words in [s. 826(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5) re-numbered as s. 826(5)(b) (31.7.1998) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/2/b)
[^c22802961]: Words in [s. 826(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/5/b) inserted (with effect in accordance with [s. 34(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 34(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/34/3)
[^c22803451]: Words in [s. 826(8A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/826/8A/a) substituted (with effect in accordance with [Sch. 14 para. 5](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 14 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/14/paragraph/1/4/a)
[^c21629551]: Source—1986 s.53.
[^c22803521]: [S. 827(1B)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1B) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 7 para. 31](https://www.legislation.gov.uk/ukpga/1994/9/schedule/7/paragraph/31)
[^c22803541]: Words in [s. 827(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/a)
[^c22803561]: Words in [s. 827(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1/a) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(b)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/b)
[^c22803581]: Words in [s. 827(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1/b/c) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(c)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/c)
[^c22803611]: Words in [s. 827(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/2) substituted (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 14 para. 10(2)(d)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/14/paragraph/10/2/d)
[^c22803631]: [S. 827(1A)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1A) inserted (1.11.1994 for specified purposes and 1.1.1995 otherwise) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [ss. 18(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/18/7), [19(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/19/1) (with [s. 19(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/19/3)); [S.I. 1994/2679](https://www.legislation.gov.uk/uksi/1994/2679), [arts. 2](https://www.legislation.gov.uk/uksi/1994/2679/article/2), [3](https://www.legislation.gov.uk/uksi/1994/2679/article/3) (with [art. 4(3)](https://www.legislation.gov.uk/uksi/1994/2679/article/4/3))
[^c22803651]: [S. 827(1C)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1C) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 5 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/5/paragraph/40)
[^c22803671]: [S. 827(1D)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1D) inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2000/17/schedule/7/paragraph/4)
[^c22803691]: [S. 827(1E)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1E) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 49(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/49/3)
[^c23814871]: [S. 827(1G)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1G) inserted (10.7.2003 subject to Sch. 19 to the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/3/6)
[^c23814891]: [S. 827(1F)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/1F) inserted (27.11.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 24(7)](https://www.legislation.gov.uk/ukpga/2003/14/section/24/7), [40](https://www.legislation.gov.uk/ukpga/2003/14/section/40); [S.I. 2003/2985](https://www.legislation.gov.uk/uksi/2003/2985), [art. 2](https://www.legislation.gov.uk/uksi/2003/2985/article/2)
[^c23814911]: Words in [s. 827](https://www.legislation.gov.uk/ukpga/1988/1/section/827) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815001]: Words in [s. 827(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/2) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815021]: [S. 827(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/827/3) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 332(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/332/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629671]: 1989 s.178(6).
[^c21629691]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) substituted (1990-91 and subsequent years of assessment) by [Finance Act 1990 (c. 29)](https://www.legislation.gov.uk/ukpga/1990/29), [s. 17(3)](https://www.legislation.gov.uk/ukpga/1990/29/section/17/3)
[^c22803721]: Words in [s. 828(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/2) substituted (with effect in accordance with [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/32) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 24](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/24)
[^c22803761]: Words in [s. 828(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/4) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 58](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/58)
[^c23815061]: Words in [s. 828(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/1) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815081]: Words in [s. 828(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/3) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 105(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/105/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23815161]: Words in [s. 828(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815181]: Words in [s. 828(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/a) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23815141]: Words in [s. 828(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/828/5/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 334(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/334/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21629741]: Source—1970 ss.524, 525(1)
[^c21629751]: Words in [s. 829(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/829/2) inserted (27.7.1993 with effect in relation to the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 122(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/122/1/3)
[^c22803771]: [S. 829(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/829/2A) inserted (with effect in accordance with [s. 40(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 40(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/40/2)
[^c23816121]: Words in [s. 829(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/829/2A) substituted (with effect in accordance with [s. 77](https://www.legislation.gov.uk/ukpga/2004/12/section/77) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/11/2/a)
[^c23816141]: Words in [s. 829(2A)](https://www.legislation.gov.uk/ukpga/1988/1/section/829/2A) substituted (with effect in accordance with [s. 77](https://www.legislation.gov.uk/ukpga/2004/12/section/77) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 12 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/12/paragraph/11/2/b)
[^c21629771]: Source—1973 s.38(1), (2)-(4), (6)
[^c21629781]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22803791]: Word in [s. 830(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/4) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23816181]: [S. 830(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23816191]: Words in [s. 830(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/830/3) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 335](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/335), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21630391]: 1970 s.526(5), 527(1); 1971 s.32(1), (1D), Sch.8 16(3); 1976 Sch.4 11; 1972 s.93(6); 1979(C), Sch.7; 1981 s.34(5); 1987 Sch.15 2(20)
[^c21630421]: [1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53).
[^c21630441]: Word in [s. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1) substituted (6.3.1992 with effect as mentioned in s. 289(1)(2) of the substituting Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(54)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/54) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)).
[^c21630461]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21630471]: [1923 c. 8](https://www.legislation.gov.uk/ukpga/1923/8).
[^c21630481]: [S.I. 1979/1574 (N.I. 13)](https://www.legislation.gov.uk/nisi/1979/1574).
[^c21630491]: 1990 s.127*and* Sch.18 para.5(3)*on and after* 1*April* 1990.*Previously* “ “local authority” and “local authority association” have the meanings given by section 519;”.
[^c21630501]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "lower rate" inserted (16.3.1992 with application for the year 1992-93 and subsequent years of assessment) by [Finance Act 1992 (c. 20)](https://www.legislation.gov.uk/ukpga/1992/20), [s. 9(9)(10)(11)](https://www.legislation.gov.uk/ukpga/1992/20/section/9/9/10/11)
[^c21630511]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of “the rate applicable to trusts” inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.15](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/15), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21630531]: Source—1970 s.526(6)
[^c21630541]: Source—1970 s.526(3), (4)
[^c21630551]: Source—1970 s.526(5A); 1987 Sch.15 2(21)
[^c22804321]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "recognised clearing system" repealed (with effect in accordance with Sch. 7 para. 32 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 7 para. 25](https://www.legislation.gov.uk/ukpga/1996/8/schedule/7/paragraph/25), [Sch. 41 Pt. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/2), Note (with Sch. 7 paras. 33-35)
[^c22804331]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "Schedule A business" inserted (with effect in accordance with [s. 39(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/4/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/28)
[^c22804351]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "additional rate" repealed (with effect in accordance with Sch. 18 Pt. 6(1) Note of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/1)
[^c22804371]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "open-ended investment company", "authorised corporate director", "owner of shares" and "scheme property" inserted (28.4.1997) by The Open-ended [Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [reg. 14](https://www.legislation.gov.uk/uksi/1997/1154/regulation/14)
[^c22804391]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definitions of "the Schedule F ordinary rate", "the Schedule F trust rate", and "the Schedule F upper rate" inserted (with effect in accordance with [Sch. 4 para. 22(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/22/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 22(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/22/1)
[^c22804431]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "franked investment income" substituted (with effect in accordance with [Sch. 3 para. 39(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/2)
[^c22804491]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "franked payment" repealed (with effect in accordance with Sch. 3 para. 39(8) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/3), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804501]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "group income" repealed (with effect in accordance with Sch. 3 para. 39(9) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/4), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804471]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "notice" inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 118(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/118/10)
[^c22804511]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the rate of advance corporation tax" repealed (with effect in accordance with Sch. 3 para. 39(9) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/5), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804521]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "surplus of franked investment income" repealed (with effect in accordance with Sch. 3 para. 39(8) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/6), [Sch. 27 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/2), Note
[^c22804451]: [S. 832(4A)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/4A) inserted (with effect in accordance with [Sch. 3 para. 39(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/8) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 39(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/39/7)
[^c22804561]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "lower rate" substituted (with effect in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(10)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/10/a)
[^c22804581]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "starting rate" and "starting rate limit" inserted after the definition of "Schedule A business" (with effect in accordance with [s. 22(12)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 22(10)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/22/10/b)
[^c22804601]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "capital allowance" substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 60(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/60/a)
[^c22804621]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "the Capital Allowances Act" substituted for definition of "the Capital Allowances Acts" (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 60(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/60/b)
[^c22804641]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "investment LLP" and "property investment LLP" inserted (6.4.2001 with effect in accordance with [s. 76(1)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/2)
[^c22804661]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "industrial assurance business" substituted (1.12.2001) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 167(4)(11)](https://www.legislation.gov.uk/ukpga/1996/8/section/167/4/11); [S.I. 2001/3643](https://www.legislation.gov.uk/uksi/2001/3643), [art. 2(a)](https://www.legislation.gov.uk/uksi/2001/3643/article/2/a)
[^c22804701]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "for accounting purposes" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c22804681]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "generally accepted accounting practice" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c22804721]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "period of account" inserted (with effect in accordance with [s. 103(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/1)
[^c23816661]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "permanent establishment" inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 148(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/148/6)
[^c23816741]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "generally accepted accounting practice" substituted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/a)
[^c23816701]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "international accounting standards" inserted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/b)
[^c23816681]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "offshore installation" inserted (with effect in accordance with [Sch. 27 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/2)
[^c23816721]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK generally accepted accounting practice" inserted (with effect in accordance with [s. 50(6)](https://www.legislation.gov.uk/ukpga/2005/7/section/50/6) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7), Note 1)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 50(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/50/5/b)
[^c23816761]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "estate in land" inserted (S.) (28.11.2004) by Abolition of Feudal Tenure etc. (Scotland) Act (asp 5), ss. 71, 77(2)(c); [S.S.I. 2003/456](https://www.legislation.gov.uk/ssi/2003/456), [art. 2](https://www.legislation.gov.uk/ssi/2003/456/article/2)
[^c23816781]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "overseas property business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816871]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "relevant foreign income" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816821]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definition of "Schedule A business" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816851]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): words in definitions of "the Schedule F ordinary rate", "the Schedule F trust rate" and "the Schedule F upper rate" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816801]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "tax credit" substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816891]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "UK property business" inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816911]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "Ulster Savings Certificates" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 337(g)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/337/g), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23816941]: [S. 832(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/832/1): definition of "step-child" inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [99](https://www.legislation.gov.uk/uksi/2005/3229/regulation/99)
[^c21630561]: Source—1979(C) s.155(5).
[^c21630571]: Source—1980 s.24(8)
[^c21630591]: Source—1970 s.529
[^c21630601]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21630621]: Source—1970 s.530(1)
[^c21630681]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21630691]: Source—1970 s.530(2), 383; 1981 s.27(10); 1982 s.31(2); 1987 Sch.3 5
[^c21630731]: Source—1970 s.530(3).
[^c22805271]: Words in [s. 833(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/2) substituted (1.4.1996) by [The Transfer of Functions (Registration and Statistics) Order 1996 (S.I. 1996/273)](https://www.legislation.gov.uk/uksi/1996/273), [Sch. 2 para. 22(a)](https://www.legislation.gov.uk/uksi/1996/273/schedule/2/paragraph/22/a)
[^c22805291]: Words in [s. 833(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/2) substituted (1.4.1996) by [The Transfer of Functions (Registration and Statistics) Order 1996 (S.I. 1996/273)](https://www.legislation.gov.uk/uksi/1996/273), [Sch. 2 para. 22(b)](https://www.legislation.gov.uk/uksi/1996/273/schedule/2/paragraph/22/b)
[^c23817601]: [S. 833(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 108(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/108/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23817621]: [S. 833(4)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/4/a/b) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 108(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/108/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23817661]: Words in [s. 833(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3/b) inserted (with effect in accordance with [s. 173(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/173/2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 35 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/35/paragraph/5)
[^c23817681]: Words in [s. 833(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817701]: Words in [s. 833(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/2/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817721]: Words in [s. 833(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/2/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817741]: Word in [s. 833(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817761]: Words in [s. 833(4)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/4/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817781]: [S. 833(5)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/5/a/b) substituted for words in s. 833(5) (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23817801]: [S. 833(5A)-(5E)](https://www.legislation.gov.uk/ukpga/1988/1/section/833/5A) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 338(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/338/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21630741]: Source—1970 s.527.
[^c22805331]: Words in [s. 834(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/3) substituted (with effect in accordance with [Sch. 14 para. 7](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 14 para. 6](https://www.legislation.gov.uk/ukpga/1994/9/schedule/14/paragraph/6)
[^c22805371]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "allowable loss" excluded (with effect in accordance with s. 63(4) of the excluding Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 94(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/94/4)
[^c22805351]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definitions of "loan relationship" and "non-trading deficit" inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 49](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/49) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22805381]: Words in [s. 834(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/2) repealed (with effect in accordance with s. 579 of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 61](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/61), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^c22805421]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "accounting date" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c22805411]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): words in definition of "charges on income" substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 1(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/1/4)
[^c22805391]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "derivative contract" inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/13)
[^c23817821]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "chargeable profits" inserted (with effect in accordance with [s. 149(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/5)
[^c23817841]: [S. 834(1)](https://www.legislation.gov.uk/ukpga/1988/1/section/834/1): definition of "statutory insolvency arrangement" inserted (with effect in accordance with [s. 80(3)(4)](https://www.legislation.gov.uk/ukpga/2005/7/section/80/3/4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/8)
[^c21630841]: Source—1970 s.528(1), (2); 1971 Sch.6 78; 1972 Sch.24 32.
[^c21630851]: Source—1971 s.34; 1975 (No.2) s.31(4)
[^c21630861]: 1988(F) s.35 Sch.3 para.22*for* 1990-91*and subsequent years.*
[^c21630871]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21630881]: Source—1970 s.528(3)(5); 1972 Sch.11 8, Sch.24 32; 1971 Sch.6 78
[^c22805431]: Words in [s. 835(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/835/6/a) inserted (with effect in accordance with s. [Sch. 6 para. 28](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/28) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 6 para. 24](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/24)
[^c22805441]: Words in [s. 835(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/835/6/a) substituted (with effect in accordance with [Sch. 3 para. 40(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/40/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 3 para. 40(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/3/paragraph/40/2)
[^c22805461]: [S. 835(8)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/835/8/c) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 62](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/62)
[^c23818201]: Words in [s. 835(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/835/6/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 339](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/339) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21630921]: Source—1970 Sch.13
[^c21630931]: Source—1970 s.531
[^c21630941]: *See*—s.26—*and managed as one estate.*[s.145](https://www.legislation.gov.uk/ukpga/1988/1/section/145)—*living accommodation provided for employee.*[s.156](https://www.legislation.gov.uk/ukpga/1988/1/section/156)—*valuation of benefits in kind.*
[^c21630951]: *Reproduced in* Part II Vol.5.
[^c21630961]: [1967 c. 9](https://www.legislation.gov.uk/ukpga/1967/9).
[^c21630981]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 184(1)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/184/1/a), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/60/1), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 189(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/189/6)
[^c22805691]: [S. 838](https://www.legislation.gov.uk/ukpga/1988/1/section/838) modified (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 50(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/50/7)
[^c21630991]: Source—1970 s.532.
[^c21631011]: Definition in s. 838 modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 170(2)(c)](https://www.legislation.gov.uk/ukpga/1992/12/section/170/2/c), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/60/1), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22805681]: [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (30.3.1995) by [The Electricity (Class Exemptions from the Requirement for a Licence) (No. 2) Order 1995 (S.I. 1995/909)](https://www.legislation.gov.uk/uksi/1995/909), [art. 2(2)(c)](https://www.legislation.gov.uk/uksi/1995/909/article/2/2/c) [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (1.10.2001) by [The Electricity (Class Exemptions from the Requirement for a Licence) Order 2001 (S.I. 2001/3270)](https://www.legislation.gov.uk/uksi/2001/3270), [art. 2(2)(c)](https://www.legislation.gov.uk/uksi/2001/3270/article/2/2/c) [S. 838(2)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/2) applied (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 50(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/50/7)
[^c21631021]: [S. 838(4)-(10)](https://www.legislation.gov.uk/ukpga/1988/1/section/838/4) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2), [Pt. I para. 31(11)](https://www.legislation.gov.uk/ukpga/1993/37/part/I/paragraph/31/11)
[^c21631141]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 104(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/104/3), [112(7)(b)](https://www.legislation.gov.uk/ukpga/1991/31/section/112/7/b) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [1983 c. 55](https://www.legislation.gov.uk/ukpga/1983/55), [Sch. 4A para. 1(5)](https://www.legislation.gov.uk/ukpga/1983/55/schedule/4A/paragraph/1/5) (as inserted (1.12.1992 for specified purposes and 1.1.1993 otherwise) by Finance No. 2 Act 1992 (c. 48), s. 14(2), Sch. 3 Pt. I para. 62; [S.I. 1992/2979](https://www.legislation.gov.uk/uksi/1992/2979), [art. 4](https://www.legislation.gov.uk/uksi/1992/2979/article/4), [Sch. Pt. II](https://www.legislation.gov.uk/uksi/1992/2979/schedule/part/II); [S.I. 1992/3261](https://www.legislation.gov.uk/uksi/1992/3261), [art. 3](https://www.legislation.gov.uk/uksi/1992/3261/article/3),Sch.) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 193(6)](https://www.legislation.gov.uk/ukpga/1993/34/section/193/6)
[^c21631151]: Source—1970 s.533.
[^c21631161]: [S. 839(2)-(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2) applied (E.W.S.) (16.1.1992) by [S.I. 1992/58](https://www.legislation.gov.uk/uksi/1992/58), [art. 8(9)(b)](https://www.legislation.gov.uk/uksi/1992/58/article/8/9/b), [Sch. 1 para. 3](https://www.legislation.gov.uk/uksi/1992/58/schedule/1/paragraph/3)
[^c21631231]: [1958 c. 45](https://www.legislation.gov.uk/ukpga/1958/45).
[^c21631241]: [1940 c. 9 (N.I.)](https://www.legislation.gov.uk/apni/1940/9)
[^c22805721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 127(19) of the affecting Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 127(17)](https://www.legislation.gov.uk/ukpga/1995/4/section/127/17)
[^c22805731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 15(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/15/7) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 105(1), Sch. 13 para. 8(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/8/3) (with [Sch. 13 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/6))
[^c22805741]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1986 (c. 8)](https://www.legislation.gov.uk/ukpga/1986/8), [s. 80B(1)](https://www.legislation.gov.uk/ukpga/1986/8/section/80B/1) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 97(1)(4)(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/97/1/4/6); [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). 1997/ 2428, art. 2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1986 (c. 8)](https://www.legislation.gov.uk/ukpga/1986/8), [s. 88B(1)](https://www.legislation.gov.uk/ukpga/1986/8/section/88B/1) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 102(1)(4)(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/102/1/4/6); [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). 1997/ 2428, art. 2)
[^c22805751]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 6A para. 1(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/6A/paragraph/1/2) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [ss. 22(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/22/3), [24](https://www.legislation.gov.uk/ukpga/1997/16/section/24), [Sch. 4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/4))
[^c22805761]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [Sch. 9](https://www.legislation.gov.uk/ukpga/1994/23/schedule/9) Group 2 Note (6) (as substituted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 38](https://www.legislation.gov.uk/ukpga/1997/16/section/38)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [Sch. 10 para. 3A(14)](https://www.legislation.gov.uk/ukpga/1994/23/schedule/10/paragraph/3A/14) (as inserted by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 37(3)-(6)](https://www.legislation.gov.uk/ukpga/1997/16/section/37/3))
[^c22805771]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para. 25(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/25/2)
[^c22805701]: [S. 839(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3/3A) substituted for s. 839(3) (with effect in accordance with [s. 74(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/74/2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 20](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/20)
[^c22806611]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 48(11) of the affecting Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 48(10)](https://www.legislation.gov.uk/ukpga/1997/58/section/48/10)
[^c22806621]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 47(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/47/10) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/11/paragraph/3/4)
[^c22806631]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 97(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/97/2/a)
[^c22806641]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (28.3.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 119(9)(13)](https://www.legislation.gov.uk/ukpga/2000/17/section/119/9/13) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 62 of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 71(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/71/2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 63(4) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 102(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/102/3) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 69(1) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 20 para. 25(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/25/2) (with [Sch. 20 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/20/paragraph/26))
[^c22806651]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 579 of the affecting Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [s. 575(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/575/1) (with [s. 575(2)](https://www.legislation.gov.uk/ukpga/2001/2/section/575/2))
[^c22806661]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 70(1) of the affecting Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 22 para. 31(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/31/4) (with [Sch. 22 para. 32](https://www.legislation.gov.uk/ukpga/2001/9/schedule/22/paragraph/32))
[^c22806671]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.4.2002) by [The Aggregates Levy (General) Regulations 2002 (S.I. 2002/761)](https://www.legislation.gov.uk/uksi/2002/761), [reg. 12(2)](https://www.legislation.gov.uk/uksi/2002/761/regulation/12/2)
[^c22806681]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.6.2002) by [The Beer Regulations 1993 (S.I. 1993/1228)](https://www.legislation.gov.uk/uksi/1993/1228), [Sch. 1](https://www.legislation.gov.uk/uksi/1993/1228/schedule/1) (as amended by [The Beer and Excise Warehousing (Amendment) Regulations 2002 (S.I. 2002/1265)](https://www.legislation.gov.uk/uksi/2002/1265), [reg. 2(5)(b)](https://www.legislation.gov.uk/uksi/2002/1265/regulation/2/5/b))
[^c22806721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 55(7) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 55(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/55/5) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 13 para. 9A(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/9A/5) (as inserted (with effect in accordance with [s. 104(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 104(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/104/3)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Alcoholic Liquor Duties Act 1979 (c. 4)](https://www.legislation.gov.uk/ukpga/1979/4), [s. 36B(8)](https://www.legislation.gov.uk/ukpga/1979/4/section/36B/8) (as inserted (1.6.2002) [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 4(1)(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/4/1/2), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/1/paragraph/2)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with s. 53(1) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 12 para. 19(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/19/2) (with [Sch. 12 para. 20](https://www.legislation.gov.uk/ukpga/2002/23/schedule/12/paragraph/20)) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 13 para. 28 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 13 para. 27(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/13/paragraph/27/2) [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with effect in accordance with Sch. 37 para. 2(5) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 37 para. 2(4)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/37/paragraph/2/4/b)
[^c22806731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 4 para. 4A(3)](https://www.legislation.gov.uk/uksi/2001/1004/schedule/4/paragraph/4A/3) (as inserted (28.11.2002) by The Social Security (Contributions)(Amendment No. 5) Regulations 2002 ([S.I. 2002/2929](https://www.legislation.gov.uk/uksi/2002/2929)), reg. 5)
[^c23818621]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (23.1.2003 with effect in accordance with s. 57(4)(a) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 16 para. 51(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/16/paragraph/51/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23818631]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 718](https://www.legislation.gov.uk/ukpga/2003/1/section/718) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23818641]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (10.7.2003 with effect in accordance with Sch. 19 of the affecting Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [ss. 45(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/45/6), [53(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/53/2), [58(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/58/5), [108(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/108/1), [Sch. 4 paras. 1(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/1/2), [10(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/10/4), [12(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/4/paragraph/12/2); [S.I. 2003/2899](https://www.legislation.gov.uk/uksi/2003/2899), [art. 2](https://www.legislation.gov.uk/uksi/2003/2899/article/2)
[^c23818651]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 26 para. 7(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/26/paragraph/7/3)
[^c23818661]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 6A para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/6A/paragraph/10) (as inserted (1.12.2003) by [The Stamp Duty and Stamp Duty Land Tax (Variation of the Finance Act 2003) (No. 2) Regulations 2003 (S.I. 2003/2816)](https://www.legislation.gov.uk/uksi/2003/2816), [reg. 1](https://www.legislation.gov.uk/uksi/2003/2816/regulation/1), [Sch. para. 3(2)](https://www.legislation.gov.uk/uksi/2003/2816/schedule/paragraph/3/2) (replacing [S.I. 2003/2760](https://www.legislation.gov.uk/uksi/2003/2760), [reg. 1](https://www.legislation.gov.uk/uksi/2003/2760/regulation/1), [Sch. para. 3(2)](https://www.legislation.gov.uk/uksi/2003/2760/schedule/paragraph/3/2)); and [S.I. 2003/2816](https://www.legislation.gov.uk/uksi/2003/2816) is revoked and replaced by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 paras. 14](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/14), [17(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/17/2), [26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26)
[^c23818671]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [The Value Added Tax Regulations 1995 (S.I. 1995/2518)](https://www.legislation.gov.uk/uksi/1995/2518), [reg. 171(7)(8)](https://www.legislation.gov.uk/uksi/1995/2518/regulation/171/7/8) (as inserted (11.12.2003) by [The Value Added Tax (Amendment) (No. 6) Regulations 2003 (S.I. 2003/3220)](https://www.legislation.gov.uk/uksi/2003/3220), [regs. 1(1)(b)](https://www.legislation.gov.uk/uksi/2003/3220/regulation/1/1/b), [23](https://www.legislation.gov.uk/uksi/2003/3220/regulation/23))
[^c23818681]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 278(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/278/4) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^c23818691]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (with effect in accordance with s. 84(2) of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/2004/12/schedule/15/paragraph/2)
[^c23818701]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 45A(10)](https://www.legislation.gov.uk/ukpga/2003/14/section/45A/10) (as inserted (with effect in accordance with [Sch. 39 para. 13(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/13/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/5/5))
[^c23818711]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 44(11)](https://www.legislation.gov.uk/ukpga/2003/14/section/44/11) (as inserted (with effect in accordance with [Sch. 39 para. 26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 15(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/15/4))
[^c23818721]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 6A para. 10](https://www.legislation.gov.uk/ukpga/2003/14/schedule/6A/paragraph/10) (as inserted (with effect in accordance with [Sch. 39 para. 26](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/26) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 39 para. 17(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/39/paragraph/17/2))
[^c23818731]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 15 para. 39](https://www.legislation.gov.uk/ukpga/2003/14/schedule/15/paragraph/39) (as substituted (with effect in accordance with [Sch. 41 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/41/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 41 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/41/paragraph/1))
[^c23818741]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.8.2004) by [The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2004 (S.I. 2004/1863)](https://www.legislation.gov.uk/uksi/2004/1863), [reg. 1(1)(3)](https://www.legislation.gov.uk/uksi/2004/1863/regulation/1/1/3)
[^c23818751]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (1.8.2004) by [The Tax Avoidance Schemes (Promoters and Prescribed Circumstances) Regulations 2004 (S.I. 2004/1865)](https://www.legislation.gov.uk/uksi/2004/1865), [reg. 1(1)(3)](https://www.legislation.gov.uk/uksi/2004/1865/regulation/1/1/3)
[^c23818761]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 878(5)](https://www.legislation.gov.uk/ukpga/2005/5/section/878/5), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b)
[^c22806591]: Words in [s. 839(8)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/8) inserted (28.4.1997) by The Open-ended [Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [reg. 15](https://www.legislation.gov.uk/uksi/1997/1154/regulation/15)
[^c23818791]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (with modifications) (7.4.2005) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 83(9)](https://www.legislation.gov.uk/ukpga/2005/7/section/83/9)
[^c23818801]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [ss. 17(4)(n)](https://www.legislation.gov.uk/ukpga/2005/22/section/17/4/n), [31(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/31/3), [Sch. 3 para. 12](https://www.legislation.gov.uk/ukpga/2005/22/schedule/3/paragraph/12)
[^c23818811]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91D(12)](https://www.legislation.gov.uk/ukpga/1996/8/section/91D/12) (as inserted (with effect in accordance with [Sch. 7 para. 10(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/10/7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 10(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/10/4))
[^c23818821]: [S. 839](https://www.legislation.gov.uk/ukpga/1988/1/section/839) applied by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 17A para. 18A(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/17A/paragraph/18A/6) (as inserted (with effect in accordance with [Sch. 10 para. 16(5)-(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/10/paragraph/16/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 10 para. 14](https://www.legislation.gov.uk/ukpga/2005/22/schedule/10/paragraph/14))
[^c23818771]: Words in [s. 839(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 341](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/341) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23818831]: Words in [s. 839(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/839/2/4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [100](https://www.legislation.gov.uk/uksi/2005/3229/regulation/100)
[^c22806791]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 1988 (c. 39)](https://www.legislation.gov.uk/ukpga/1988/39), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1988/39/section/87/3) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [s. 67(3)](https://www.legislation.gov.uk/ukpga/1989/26/section/67/3) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Capital Allowances Act 1990 (c. 1)](https://www.legislation.gov.uk/ukpga/1990/1), [s.77(6)](https://www.legislation.gov.uk/ukpga/1990/1/section/77/6) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 22 para. 17(6)(a)(ii)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/22/paragraph/17/6/a/ii) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 8(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/8/9) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (1.2.2001) by [Trustee Act 2000 (c. 29)](https://www.legislation.gov.uk/ukpga/2000/29), [ss. 19(3)](https://www.legislation.gov.uk/ukpga/2000/29/section/19/3), [42(2)](https://www.legislation.gov.uk/ukpga/2000/29/section/42/2); [S.I. 2001/49](https://www.legislation.gov.uk/uksi/2001/49), [art. 2](https://www.legislation.gov.uk/uksi/2001/49/article/2) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (29.7.2002) by [Trustee Act (Northern Ireland) 2001 (c. 14)](https://www.legislation.gov.uk/nia/2001/14), [ss. 19(3)](https://www.legislation.gov.uk/nia/2001/14/section/19/3), [45(1)](https://www.legislation.gov.uk/nia/2001/14/section/45/1); [S.R. 2002/253](https://www.legislation.gov.uk/nisr/2002/253), [art. 2](https://www.legislation.gov.uk/nisr/2002/253/article/2) [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 5AA para. 4(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5AA/paragraph/4/3) (as inserted (with effect in accordance with [Sch. 9 para. 7](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/3))
[^c23819241]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (23.1.2003 with effect in accordance with s. 57(4)(a) of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 16 para. 14(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/16/paragraph/14/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23819251]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied and extended (6.4.2003 with effect in accordance with s. 723(1) of the affecting Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 69](https://www.legislation.gov.uk/ukpga/2003/1/section/69), [719](https://www.legislation.gov.uk/ukpga/2003/1/section/719) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23819261]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (with effect in accordance with s. 77 of the affecting Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 65(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/65/3)
[^c23819271]: [S. 840](https://www.legislation.gov.uk/ukpga/1988/1/section/840) applied (24.3.2005) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 878(6)](https://www.legislation.gov.uk/ukpga/2005/5/section/878/6), [883(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/3/b)
[^c21631261]: Source—1970 s.534
[^c21631271]: Source—1970 s.535; 1973 Sch.21 9; 1987 (No.2) s.73
[^c22806911]: Words in [s. 841(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/841/3) substituted (1.12.2001) by [Financial Services and Markets Act 2000 (c. 8)](https://www.legislation.gov.uk/ukpga/2000/8), [s. 431(2)](https://www.legislation.gov.uk/ukpga/2000/8/section/431/2), [Sch. 20 para. 4(6)](https://www.legislation.gov.uk/ukpga/2000/8/schedule/20/paragraph/4/6); [S.I. 2001/3538](https://www.legislation.gov.uk/uksi/2001/3538), [art. 2(1)](https://www.legislation.gov.uk/uksi/2001/3538/article/2/1)
[^c21631371]: Source—1970 s.359; 1973 s.54; 1979(C) Sch.7.
[^c21631381]: 1988(F) s.117(1)(a)*for accounting periods ending after* 5*th April* 1988.
[^c21631391]: 1988(F) s.117(1)(b)*for accounting periods ending after* 5*th April* 1988.*Previously* “that the shares or securities of the company are quoted on the Stock Exchange and”.
[^c21631401]: 1988(F) s.117(1)(c)*for accounting periods ending after* 5*th April* 1988.
[^c21631411]: 1990 s.55*in relation to accounting periods ending on or after* 26*July* 1990.
[^c21631421]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) substituted (with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(55)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/55) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c22806941]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) substituted (retrospectively) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 17 para. 8](https://www.legislation.gov.uk/ukpga/1994/9/schedule/17/paragraph/8)
[^c22806951]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) substituted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/2/2/a)
[^c22807011]: Words in [s. 842(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/c) substituted (with effect in accordance with [Sch. 38 para. 7(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 7(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/1/2/b)
[^c22806971]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) substituted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/2/2/b)
[^c22806991]: [S. 842(1AA)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AA) inserted (with effect in accordance with [Sch. 30 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 30 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/30/paragraph/2/3)
[^c22807021]: [S. 842(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1A/a) excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 2 para. 12(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/2/paragraph/12/2)
[^c22807031]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/2/a)
[^c22807051]: Words in [s. 842(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/a) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/2/b)
[^c22807071]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/3/a)
[^c22807091]: Words in [s. 842(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1/e) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/3/b)
[^c22807111]: [S. 842(1AB)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AB) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 56(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/56/4)
[^c22807141]: Words in [s. 842(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/3/c) repealed (with effect in accordance with Sch. 9 paras. 7, 8 of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2), Note
[^c22807131]: Words in [s. 842(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/4) added (with effect in accordance with Sch. 9 paras. 7, 8(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/7)
[^c23819461]: [S. 842(1AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/842/1AC) inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 45(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/45/4)
[^c21631491]: [S. 842A(2)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/a) substituted (1.4.1993) by [Local Government Finance Act 1992 (c. 14)](https://www.legislation.gov.uk/ukpga/1992/14), [s. 117(1)](https://www.legislation.gov.uk/ukpga/1992/14/section/117/1), [Sch. 13 para. 57](https://www.legislation.gov.uk/ukpga/1992/14/schedule/13/paragraph/57) (with [s. 118(1)(2)(4)](https://www.legislation.gov.uk/ukpga/1992/14/section/118/1/2/4)); [S.I. 1992/2454](https://www.legislation.gov.uk/uksi/1992/2454), [art. 3(1)(a)](https://www.legislation.gov.uk/uksi/1992/2454/article/3/1/a)
[^c21631501]: [1988 c. 41](https://www.legislation.gov.uk/ukpga/1988/41).
[^c21631531]: [1973 c. 65](https://www.legislation.gov.uk/ukpga/1973/65).
[^c22807361]: [S. 842A(2)(h)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/h) inserted (retrospective to 29.11.1994) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 144](https://www.legislation.gov.uk/ukpga/1995/4/section/144)
[^c22807381]: [1992 c. 19](https://www.legislation.gov.uk/ukpga/1992/19).
[^c22807391]: [S. 842A(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/e) repealed (1.4.1995) by [Police and Magistrates' Courts Act 1994 (c. 29)](https://www.legislation.gov.uk/ukpga/1994/29), [s. 94(1)](https://www.legislation.gov.uk/ukpga/1994/29/section/94/1), [Sch. 9 Pt. 1](https://www.legislation.gov.uk/ukpga/1994/29/schedule/9/part/1); [S.I. 1994/3262](https://www.legislation.gov.uk/uksi/1994/3262), [art. 4](https://www.legislation.gov.uk/uksi/1994/3262/article/4), [Sch.](https://www.legislation.gov.uk/uksi/1994/3262/schedule)
[^c22807401]: [S. 842A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/3/a) substituted (1.4.1996) for s. 842A(3)(a)-(c) by [Local Government etc. (Scotland) Act 1994 (c. 39)](https://www.legislation.gov.uk/ukpga/1994/39), [s. 184(2)](https://www.legislation.gov.uk/ukpga/1994/39/section/184/2), [Sch. 13 para. 155(a)](https://www.legislation.gov.uk/ukpga/1994/39/schedule/13/paragraph/155/a); [S.I. 1996/323](https://www.legislation.gov.uk/uksi/1996/323), [art. 4(1)(c)](https://www.legislation.gov.uk/uksi/1996/323/article/4/1/c)
[^c22807421]: Words in [s. 842A(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/3/e) substituted (1.4.1996) by [Local Government etc. (Scotland) Act 1994 (c. 39)](https://www.legislation.gov.uk/ukpga/1994/39), [s. 184(2)](https://www.legislation.gov.uk/ukpga/1994/39/section/184/2), [Sch. 13 para. 155(b)](https://www.legislation.gov.uk/ukpga/1994/39/schedule/13/paragraph/155/b); [S.I. 1996/323](https://www.legislation.gov.uk/uksi/1996/323), [art. 4(1)(c)](https://www.legislation.gov.uk/uksi/1996/323/article/4/1/c)
[^c22807441]: Words in [s. 842A(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/a) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(a)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/a); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807461]: Words in [s. 842A(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/b) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(b)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/b); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807481]: Words in [s. 842A(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/c) inserted (1.4.1998) by [Police Act 1997 (c. 50)](https://www.legislation.gov.uk/ukpga/1997/50), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1997/50/section/135/1), [Sch. 9 para. 53(c)](https://www.legislation.gov.uk/ukpga/1997/50/schedule/9/paragraph/53/c); [S.I. 1998/354](https://www.legislation.gov.uk/uksi/1998/354), [art. 2(1)(2)(bb)](https://www.legislation.gov.uk/uksi/1998/354/article/2/1/2/bb)
[^c22807501]: Words in [s. 842A(1)(a)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/1/a/b/c) repealed (1.4.2002) by [Criminal Justice and Police Act 2001 (c. 16)](https://www.legislation.gov.uk/ukpga/2001/16), [s. 138(2)](https://www.legislation.gov.uk/ukpga/2001/16/section/138/2), [Sch. 6 para. 71](https://www.legislation.gov.uk/ukpga/2001/16/schedule/6/paragraph/71), [Sch. 7 Pt. 5(1)](https://www.legislation.gov.uk/ukpga/2001/16/schedule/7/part/5/1); [S.I. 2002/344](https://www.legislation.gov.uk/uksi/2002/344), [art. 3(k)(m)](https://www.legislation.gov.uk/uksi/2002/344/article/3/k/m)
[^c23819681]: [S. 842A(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/842A/2/f) substituted (E.W.) (1.10.2004 for E. and 10.11.2004 for W.) by [Fire and Rescue Services Act 2004 (c. 21)](https://www.legislation.gov.uk/ukpga/2004/21), [s. 61](https://www.legislation.gov.uk/ukpga/2004/21/section/61), [Sch. 1 para. 64](https://www.legislation.gov.uk/ukpga/2004/21/schedule/1/paragraph/64); [S.I. 2004/2304](https://www.legislation.gov.uk/uksi/2004/2304), [art. 2](https://www.legislation.gov.uk/uksi/2004/2304/article/2) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2304/article/3)); [S.I. 2004/2917](https://www.legislation.gov.uk/uksi/2004/2917), [art. 2](https://www.legislation.gov.uk/uksi/2004/2917/article/2)
[^c22807181]: [S. 842AA(5A)(5B)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/5A/5B) inserted (retrospectively) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 75(1)](https://www.legislation.gov.uk/ukpga/1997/16/section/75/1)
[^c22807201]: [S. 842AA(6)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/6/ca) inserted (retrospectively) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 75(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/75/2)
[^c22807171]: Words in [s. 842AA(2)(e)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/2/e) substituted (with effect in accordance with [Sch. 38 para. 7(3)(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/3/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 7(1)(2)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/7/1/2/c)
[^c22807221]: Word in [s. 842AA(14)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/14) repealed (with effect in accordance with s. 73(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/1/a), [Sch. 27 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/13), Note 1
[^c22807231]: [S. 842AA(5AA)-(5AC)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/5AA) inserted (16.6.1999 with effect in accordance with [s. 69(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/5/a) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 69(4)(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/4/5)
[^c22807251]: [S. 842AA(5AD)(5AE)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/5AD/5AE) inserted (with effect in accordance with [Sch. 18 para. 8(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/8/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 8(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/8/2)
[^c22807351]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA): power to modify conferred (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 33 paras. 3-12](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/3)
[^c23819761]: [S. 842AA](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA) modified (17.9.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [12(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/12/1), [13(7)(9)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/13/7/9), [14(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/14/1)
[^c22807271]: Words in [s. 842AA(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/2/f) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 57(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/57/2)
[^c22807331]: Words in [s. 842AA(5A)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/5A) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 33 para. 13](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/13)
[^c22807291]: [S. 842AA(11)(za)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/11/za) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 57(3)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/57/3/a)
[^c22807311]: Words in [s. 842AA(11)(b)](https://www.legislation.gov.uk/ukpga/1988/1/section/842AA/11/b) inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 57(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/57/3/b)
[^c22806801]: [S. 840A(1)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/c) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 46(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/46/2)
[^c22806851]: [1965 c. 12](https://www.legislation.gov.uk/ukpga/1965/12).
[^c22806861]: [S.I. 1985/1205 (N.I. 12)](https://www.legislation.gov.uk/nisi/1985/1205).
[^c22806821]: [S. 840A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/2) omitted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 46(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/46/3)
[^c22806871]: [S. 840A(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/section/840A/1/b/ii) substituted (2.7.2002) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2002 (S.I. 2002/1409)](https://www.legislation.gov.uk/uksi/2002/1409), [art. 2(2)](https://www.legislation.gov.uk/uksi/2002/1409/article/2/2)
[^c22806891]: [1974 c. 46](https://www.legislation.gov.uk/ukpga/1974/46).
[^c22806901]: [1992 c. 40](https://www.legislation.gov.uk/ukpga/1992/40).
[^c22805651]: Words in [s. 837A(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/2) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22805661]: [S. 837A(5)](https://www.legislation.gov.uk/ukpga/1988/1/section/837A/5) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c22805601]: [1998 c. 17](https://www.legislation.gov.uk/ukpga/1998/17).
[^c22807511]: Words in [s. 842B(2)](https://www.legislation.gov.uk/ukpga/1988/1/section/842B/2) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c21631581]: Source—1970 Sch.2
[^c21631591]: [1952 c.10](https://www.legislation.gov.uk/ukpga/1952/10).
[^c21631621]: Source—1970 Sch.5 1; 1971 Sch.6 80
[^c21631631]: *See* s.656 *ante—purchased life annuities.*
[^c22720871]: Word in [Sch. 3 para. 1(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/1/c) substituted (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/a)
[^c21631641]: Source—1970 Sch.5 2-5
[^c21631651]: [1870 c. 71](https://www.legislation.gov.uk/ukpga/1870/71).
[^c21631661]: *See* s.821*ante—under-deductions of tax from payments made before passing of annual Act.*
[^c21631671]: *See* s.821*ante—under-deductions of tax from payments made before passing of annual Act.*
[^c21631721]: Source—1970 Sch.5 6(a)(b)
[^c21631731]: [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6/2) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631851]: [Sch. 3 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/7) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631881]: [Sch. 3 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/8) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631901]: [Sch. 3 para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/9) repealed and superseded (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(2)(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631921]: [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/10) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631941]: Source—1970 Sch.5 11-13.
[^c21631951]: Words in [Sch. 3 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/11) substituted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(4)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/4), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631961]: Words in [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/13/1) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(5)(a)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/5/a), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21631971]: Words in [Sch. 3 para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/13/1) substituted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(5)(b)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/5/b), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631981]: Source—1970 Sch.5 6(c), 14
[^c21631691]: [Sch. 3 Pt. III](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/III) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 12(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/12/2/b) [Sch. 3 Pt. III](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/III) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/2/b)
[^c21631751]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631761]: Words in [Sch. 3 para. 6A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/1) substituted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/1), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21631771]: [Sch. 3 para. 6A(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/2A) inserted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(2)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/2), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21631781]: [Sch. 3 para. 6A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/4) inserted (27.7.1993 with effect in relation to transactions effected on or after 6 April 1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras. 17(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/17/3), [25(5)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/5)
[^c21853201]: Word in [Sch. 3 para. 6A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/1) substituted (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(b)(i)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/b/i)
[^c21853221]: [Sch. 3 para. 6A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A/4) ceases to have effect (with effect in accordance with [Sch. 6 para. 25(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/2) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/73/4), [Sch. 6 para. 25(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/6/paragraph/25/1/b/ii)
[^c21631791]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631801]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631811]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631821]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21853541]: [Sch. 3 para. 6E(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6E/1/3) repealed (with effect in accordance with [s. 103(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/103/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [ss. 115(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/11), [162](https://www.legislation.gov.uk/ukpga/1995/4/section/162), [Sch. 29 Pt. 8(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/14), Note 2
[^c21631831]: [Sch. 3 paras. 6A-6F](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/6A) inserted (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [Sch. 11 paras. 2(2)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/2), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6)
[^c21631991]: [Sch. 3 Pt. IV](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/IV) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 12(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/12/2/b) [Sch. 3 Pt. IV](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/part/IV) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(2)(b)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/2/b)
[^c21632011]: Source—1970 Sch.12 Pt.III 6; 1987 Sch.15 2(23)
[^c21632021]: [Sch. 3 para. 15(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/3/paragraph/15/2) repealed (16.7.1992 in relation to transactions effected on or after 1.10.1992) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [ss. 63](https://www.legislation.gov.uk/ukpga/1992/48/section/63), [82](https://www.legislation.gov.uk/ukpga/1992/48/section/82), [Sch. 11 paras. 2(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/2/3), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/11/paragraph/6), [Sch. 18 Pt. VII](https://www.legislation.gov.uk/ukpga/1992/48/schedule/18/part/VII)
[^c21846671]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846691]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846701]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846721]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847081]: [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/5) modified (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 15 para. 19(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/19/2)
[^c21846741]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846751]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846771]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846781]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846801]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846821]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846841]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632641]: 1989 s. 93*and* Sch. 10 para. 5.
[^c21846851]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846891]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846911]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846931]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632731]: 1989 s.93*and* Sch.10 para.7.
[^c21846951]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846971]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21846991]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847011]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847031]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21847051]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632821]: 1990 s.56*and* Sch.10 paras.26(3), 29(4)*on and after* 9*June* 1989.
[^c21847071]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632651]: [Sch. 4 para. 11B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/11B) and heading preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 4 paras.3](https://www.legislation.gov.uk/ukpga/1991/31/schedule/4/paragraph/3), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/4/paragraph/5)
[^c21632661]: [Sch. 4 para. 11B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4/paragraph/11B) and heading preceding it inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 54](https://www.legislation.gov.uk/ukpga/1991/31/section/54), [Sch. 12 paras. 3](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/3), [5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/12/paragraph/5)
[^c21846871]: [Sch. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4) repealed (29.4.1996 with effect in accordance with ss. 80-105 of the amending act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/50), [Sch. 41 Pt. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/3)
[^c21632831]: Source—1970 Sch.6; 1973 s.35; 1984 s.48(6)-(9)
[^c21853311]: Words in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23389811]: Words in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389831]: Word in [Sch. 5 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/1/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827391]: Words in [Sch. 5 para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/3) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/1)
[^c21827411]: [Sch. 5 para. 2(4)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/4/a) substituted for para. 2(4)(a)(b) (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/2)
[^c21827431]: [Sch. 5 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/5/6) inserted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/3)
[^c21861361]: [Sch. 5 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/6): definition of "period of account" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23389851]: Words in [Sch. 5 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389871]: [Sch. 5 para. 2(3)(a)(4)(a)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/3/a/4/a/5) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389911]: [Sch. 5 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/2/6): definitions of "commencement year" and "qualifying year of assessment" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/3/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853331]: Words in [Sch. 5 para. 3(1)(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/1/4/b) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23389941]: Words in [Sch. 5 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389961]: Words in [Sch. 5 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/3/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23389981]: Words in [Sch. 5 para. 3(9)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/9/a) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390001]: Words in [Sch. 5 para. 3(10)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/3/10/b) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(4)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/4/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390021]: Words in [Sch. 5 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/4) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(5)(a)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/5/a/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853351]: Words in [Sch. 5 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/5/1) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23390041]: Words in [Sch. 5 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/5/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(6)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21827451]: [Sch. 5 para. 6(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/2) substituted (with effect in accordance with [s. 199(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/199/2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 43(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/43/4)
[^c21861381]: [Sch. 5 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4): definition of "period of account" repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23390061]: Word in [Sch. 5 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(a)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390081]: Words in [Sch. 5 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/1) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(a)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390101]: [Sch. 5 para. 6(2)(a)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/2/a/3/a) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390131]: [Sch. 5 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4): definition of "qualifying year of assessment" repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(7)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/7/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21853361]: Words in [Sch. 5 para. 6(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/6/4/5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c21853381]: Words in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [ss. 46(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a/b), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/1)
[^c23390151]: Words in [Sch. 5 para. 8(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/5/6) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390261]: Word in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(b)(i)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23390221]: Words in [Sch. 5 para. 8(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/8/7) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(8)(b)(ii)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/8/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21858781]: Words in [Sch. 5 para. 9(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/9/4) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 76(2)(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/76/2/3)
[^c23390311]: Words in [Sch. 5 para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5/paragraph/11) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 343(9)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/343/9) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21633101]: [Sch. 6 Pt. I](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/part/I) substituted (27.7.1993 with effect for the year 1993-94) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 70(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/70/1/2)
[^c21632971]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21632981]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras. 5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c22777951]: Words in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/6) substituted (with effect in accordance with [s. 59](https://www.legislation.gov.uk/ukpga/2000/17/section/59) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 11 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/11/paragraph/1/3)
[^c21632991]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633001]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633011]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633021]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633031]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21873101]: [Sch. 6 para. 9(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/9/c) restricted (6.4.1994 with effect in accordance with reg. 4(2) of the 1994 affecting S.R.) by [Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)](https://www.legislation.gov.uk/ukpga/1992/7), [s. 10(6)(a)](https://www.legislation.gov.uk/ukpga/1992/7/section/10/6/a) (as substituted by [The Social Security (Contributions) (Miscellaneous Amendments) Regulations (Northern Ireland) 1994 (S.R. 1994/94)](https://www.legislation.gov.uk/nisr/1994/94), [reg. 4(1)](https://www.legislation.gov.uk/nisr/1994/94/regulation/4/1))
[^c21633041]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c21633051]: [Sch. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6) substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 72](https://www.legislation.gov.uk/ukpga/1993/34/section/72), [Sch. 3 paras.5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/5), [7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/3/paragraph/7)
[^c22777971]: Words in [Sch. 6 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6/paragraph/10) inserted (with effect in accordance with [s. 59](https://www.legislation.gov.uk/ukpga/2000/17/section/59) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 11 para. 1(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/11/paragraph/1/4)
[^c22777921]: [1988 c. 52](https://www.legislation.gov.uk/ukpga/1988/52).
[^c22777931]: [S.I. 1981/154 (N.I. 1)](https://www.legislation.gov.uk/nisi/1981/154).
[^c21633471]: Source—1976 Sch.8 1(1)
[^c21633481]: Source—1976 Sch.8 2
[^c21633491]: Source—1976 Sch.8 3
[^c21633501]: Source—1976 Sch.8 1(2)
[^c21873541]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) substituted (with effect in accordance with [s. 88(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/a)
[^c21873531]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) repealed (with effect in accordance with [s. 88(5)(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/5/6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/a), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c22194401]: Words in [Sch. 7 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/1/5) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/41), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c21633511]: Source—1976 Sch.8 4
[^c21633531]: Source—1976 Sch.8 5, 6, 7
[^c21633541]: Words in [Sch. 7 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/3/1) added (for year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para. 3(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/3/1)
[^c21633551]: [Sch. 7 paras. 3(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/3/2/3) repealed (for year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 6 para. 3(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/3/2), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21881821]: [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/4) renumbered as para. 4(1) (with effect in accordance with [s. 45(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/5) of the amending Act) by virtue of [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/4)
[^c21881841]: [Sch. 7 para. 4(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/4/2) inserted (with effect in accordance with [s. 45(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/45/4)
[^c22172431]: Words in [Sch. 7 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/1/a) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/2/a)
[^c22172451]: Words in [Sch. 7 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/1/b) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/2/b)
[^c22172471]: [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/5/2) substituted (with effect in accordance with [s. 107(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 107(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/107/3)
[^c21633581]: [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/6) repealed (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [ss. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [123](https://www.legislation.gov.uk/ukpga/1991/31/section/123), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/4), [Sch. 19 Pt. V](https://www.legislation.gov.uk/ukpga/1991/31/schedule/19/part/V), Note 6
[^c21633591]: Source—1976 Sch.8 9, 10, 11
[^c21633611]: Source—1976 Sch.8 12-14; 1983 (No.2) s.4
[^c21633621]: Words in [Sch. 7 para. 10(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/10/1/2) repealed (27.7.1993 with effect as mentioned in [s. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 57](https://www.legislation.gov.uk/ukpga/1993/34/section/57), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/1)
[^c21633641]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21873561]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c21633661]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633671]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633681]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(4)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/4), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633691]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by Finance Act [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31), SIF 63:1), s. 27(6), Sch. 6 para.5
[^c21633701]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para.5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21873571]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c21633751]: [Sch. 7 paras. 13-19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/13) added (for the year 1991-92 and subsequent years of assessment) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 27(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/27/6), [Sch. 6 para. 5](https://www.legislation.gov.uk/ukpga/1991/31/schedule/6/paragraph/5)
[^c21633761]: Words in [Sch. 7 para. 19(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/19/1) inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 19(3)(7)](https://www.legislation.gov.uk/ukpga/1992/48/section/19/3/7)
[^c21633771]: Words in definition of “excess liability” in Sch. 7 para. 19(1) substituted (with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 79](https://www.legislation.gov.uk/ukpga/1993/34/section/79), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/1), [25(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/6/paragraph/25/1)
[^c21873581]: [Sch. 7 Pts. 3-5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/part/3) repealed (with effect in accordance with s. 88(5)(6) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 88(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/88/4/b), [Sch. 26 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/5), Note
[^c22777991]: Words in [Sch. 8 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/1) repealed (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/2), [Sch. 17 Pt. 4](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/4)
[^c22778051]: Words in [Sch. 8 para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/2) substituted (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(2)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/2)
[^c22778011]: Words in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) inserted (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/3)
[^c22778091]: Word in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) repealed (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/3), [Sch. 17 Pt. 5](https://www.legislation.gov.uk/ukpga/1989/26/schedule/17/part/5), Note 6
[^c22778071]: Words in [Sch. 8 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/3) inserted (with effect in accordance with [Sch. 12 para. 18(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/4) of the amending Act) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 12 para. 18(3)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/12/paragraph/18/3)
[^c22778031]: [Sch. 8 para. 7(4)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/4) inserted (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 4 para. 9(4)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/9/4)
[^c22778111]: [Sch. 8 para. 7(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/9) applied (27.7.1989) by [Finance Act 1989 (c. 26)](https://www.legislation.gov.uk/ukpga/1989/26), [Sch. 5 para. 16(6)](https://www.legislation.gov.uk/ukpga/1989/26/schedule/5/paragraph/16/6)
[^c22778121]: [Sch. 8 para. 7(9)-(12)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/7/9) applied (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 35(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/35/4)
[^c22778131]: [Sch. 8 para. 8(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/8/a) repealed (with effect in accordance with s. 137(6) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/1), [Sch. 29 Pt. 8(20)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/20), Note
[^c21633901]: *Repealed by* 1989 ss.61*and* 187*and* Schs.4 para.10(2)(a)*and* 17 Part IV.
[^c21633911]: 1989 s.61*and* Sch.4 para.10(2)(b)(i).
[^c21633921]: *Repealed by* 1989 ss.61*and* 187*and* Schs.4 para.10(1), (2)(a)*and* 17 Part IV.
[^c21633941]: 1989 s.61*and* Sch.4 para.10(2)(b)(ii).*Previously* “the base year referred to in sub-paragraph (3) above”.
[^c21633951]: 1989 s.61*and* Sch.4 para.10(2)(b)(iii).*Previously* “must be less than the amount which would produce a distributable pool of 5 per cent. of the standard pay of the employment unit”.
[^c21633961]: 1989 s.61*and* Sch.4 para.10(2)(b)(iv).*Previously* “(6) The references in this paragraph to the standard pay of the employment unit are references to the amount which the scheme employer, at the time when he applies for registration of the scheme, reasonably estimates will be the annual equivalent of the pay, at the beginning of the profit period or first profit period, of the employees to whom the scheme will then relate; and for this purpose an estimate shall (in the absence of evidence to the contrary) be taken to be a reasonable one if it is based on the most recent information available to the employer as to the monthly or annual pay of the relevant employees.”.
[^c21633971]: 1989 s.61*and* Sch.4 para.11.
[^c21633981]: *Repealed by* 1989 ss.61*and* 187, Schs.4 para.10(1)*and* 17 Part IV.
[^c21633991]: *Repealed by* 1989 ss.61*and* 187, Schs.4 paras.10(2)(a), 12*and* 17 Part IV.
[^c21634001]: 1989 s.61*and* Sch.4 para.10(2)(c).*Previously* “must be less than the amount which would produce a distributable pool of 5 per cent. of the standard pay of the employment unit.”.
[^c21634011]: *Repealed by* 1989 ss.61*and* 187, Schs.4 paras.10(2)(a), 12*and* 17 Part IV.
[^c21634021]: 1989 s.61*and* Sch.4 para.13.
[^c21634031]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634041]: 1989 s.61*and* Sch.4 para.14(2).
[^c21634051]: 1989 s.61*and* Sch.4 para.14(3).*Previously* “(f) profit-related pay payable under the scheme;”.
[^c21634061]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c21634071]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c21882051]: [Sch. 8 para. 19(6)(g)-(k)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/g) repealed (with effect in accordance with s. 136(5)-(11) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/2), [Sch. 29 Pt. 8(19)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/19), Note
[^c21882091]: [Sch. 8 para. 19(6)(l)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/l) inserted (with effect in accordance with [s. 136(5)-(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/3)
[^c21882111]: [Sch. 8 para. 19(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6A) inserted (with effect in accordance with [s. 136(5)-(11)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 136(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/136/4)
[^c22778141]: Words in [Sch. 8 para. 19(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/5/b) inserted (with effect in accordance with [s. 4(2)-(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/1/a)
[^c22778161]: [Sch. 8 para. 19(6)(fg)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/8/paragraph/19/6/fg) inserted (with effect in accordance with [s. 4(2)-(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/2) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1997/58/section/4/1/b)
[^c21634081]: 1989 s.61*and* Sch.4 para.15.
[^c21634401]: Source—1980 Sch.10 5(b)
[^c21634411]: Source—1980 Sch.10 24
[^c21634421]: Source—1980 Sch.10 6
[^c21634431]: Source—1980 Sch.10 7
[^c21634461]: Source—1980 Sch.10 8; 1986 s.23(3)
[^c21634481]: Words in [Sch. 9 para. 19(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/19/b) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(2)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/2/6)
[^c22194801]: Words in [Sch. 9 para. 19(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/19/a) substituted (22.8.1996) by [Employment Rights Act 1996 (c. 18)](https://www.legislation.gov.uk/ukpga/1996/18), [s. 243](https://www.legislation.gov.uk/ukpga/1996/18/section/243), [Sch. 1 para. 35(4)(a)](https://www.legislation.gov.uk/ukpga/1996/18/schedule/1/paragraph/35/4/a)
[^c21634501]: Source—1980 Sch.10 9
[^c21634511]: Words in [Sch. 9 para. 20](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/20) substituted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 38(2)(6)](https://www.legislation.gov.uk/ukpga/1991/31/section/38/2/6)
[^c21634521]: Source—1980 Sch.10 10; 1986 s.25(4), (8), (9)
[^c21634531]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6)
[^c21634541]: [S.I. 1986/1032 (N.I. 6)](https://www.legislation.gov.uk/nisi/1986/1032).
[^c22172601]: Word in [Sch. 9 para. 21(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/1) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/1), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 2
[^c22172611]: [Sch. 9 para. 21(1)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/1/f) and preceding word inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/1)
[^c22172631]: [Sch. 9 para. 21(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/21/4) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/2)
[^c21634551]: Source—1980 Sch.10 11
[^c21634561]: Source—1980 Sch.10 12; 1986 s.25(5)
[^c21634641]: Source—1980 Sch.10 13(1)
[^c21634651]: Source—1980 Sch.10 13(2), (3); 1984 s.39(5)
[^c21634661]: Figure in Sch. 9 para. 24(2)(a) substituted (01.09.1991) by virtue of [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 40(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/40/1); [S.I. 1991/1741](https://www.legislation.gov.uk/uksi/1991/1741), [art.2](https://www.legislation.gov.uk/uksi/1991/1741/article/2).
[^c21634671]: Source—1980 Sch.10 14
[^c21634681]: 1989 s.62(3).*Previously* “90 per cent.”.
[^c21634691]: Source—1980 Sch.10 20; 1984 s.39(6); 1986 s.25(7)
[^c21634701]: Source—1980 Sch.10 21; 1986 s.25(6)
[^c21884141]: Words in [Sch. 9 para. 26(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/26/1/a) substituted (with effect in accordance with [s. 137(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/2)
[^c22172651]: Words in [Sch. 9 para. 26(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/26/3) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 113(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/113/3)
[^c21634711]: Source—1984 Sch.10 4(1)(a), (2)
[^c21634721]: Source—1984 Sch.10, 12
[^c21634731]: Source—1984 Sch. 10 15(1)
[^c21884161]: Words in [Sch. 9 para. 27(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/27/4) repealed (with effect in accordance with s. 137(7)(8) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 137(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/137/3), [Sch. 29 Pt. 8(20)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/20), Note
[^c21634741]: Source—1984 Sch. 10 5
[^c22172671]: Words in [Sch. 9 para. 28(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/1) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/2/a)
[^c22180711]: [Sch. 9 para. 28(2)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/2/4) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/2/b), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 3
[^c22181421]: [Sch. 9 para. 28(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/28/3) applied (with effect in accordance with Sch. 16 para. 1 of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 16 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/16/paragraph/2/2)
[^c21634761]: [S. 29](https://www.legislation.gov.uk/ukpga/1988/1/section/29) substituted (1.1.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 39(1)(7)](https://www.legislation.gov.uk/ukpga/1991/31/section/39/1/7)
[^c22180741]: [Sch. 9 para. 29(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/29/1) substituted for para. 29(1)-(6) (with effect in accordance with [s. 114(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 114(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/114/3)
[^c22194581]: [Sch. 9 para. 29(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/29/8) repealed (with effect in accordance with s. 114(10) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/5), Note 3
[^c22210601]: Words in [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c21635981]: Source—1977 Sch.7 4(1), (2), (5)
[^c21635991]: 1989 s.42(5)*for* 1989-90*and subsequent years of assessment. Previously* “emoluments from the relevant employment in respect of which such a deduction is allowed for the year of assessment”.
[^c22194411]: Words in [Sch. 12 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/2/2) repealed (with effect in accordance with s. 134(2) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 42](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/42), [Sch. 41 Pt. 5(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/10), Note
[^c22210611]: Words in [Sch. 12 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/2/1) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c21636021]: Source—1977 Sch.7 1(2), (3), (4)
[^c22210621]: Words in [Sch. 12 para. 3(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/1/3) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22210671]: Words in [Sch. 12 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2/a) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/a/i)
[^c22210681]: Words in [Sch. 12 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2/b) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/a/ii)
[^c22217711]: [Sch. 12 para. 3(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/3/2A) repealed (with effect in accordance with s. 63(5)-(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/11), Note
[^c21636061]: Source—1977 Sch.7 6-8
[^c21636071]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c22210651]: Words in [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22210701]: Words in [Sch. 12 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(b)(i)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/b/i)
[^c22210721]: Words in [Sch. 12 para. 5(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/5/a/b) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/4/b/ii)
[^c22210661]: Words in [Sch. 12 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/6) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22217791]: [Sch. 12 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/7) repealed (with effect in accordance with s. 63(5)-(7) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/11), Note
[^c21635961]: [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) and crossheading inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 54(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/54/1/2)
[^c21635971]: [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) and crossheading inserted (16.7.1992 for the year 1992-93 and subsequent years of assessment) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 54(1)(2)](https://www.legislation.gov.uk/ukpga/1992/48/section/54/1/2)
[^c22210591]: Words in [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) substituted (with effect in accordance with [s. 63(5)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 63(3)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/63/3/c)
[^c22245981]: Words in [Sch. 12 para. 1A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12/paragraph/1A) inserted (with effect in accordance with [s. 57(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/57/4) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 12 Pt. 2 para. 15](https://www.legislation.gov.uk/ukpga/2001/9/schedule/12/part/2/paragraph/15)
[^c21636121]: *See* s.250—*returns in connection with stock dividends.*
[^c21892291]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21868081]: [Sch. 13 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/2)
[^c21868101]: [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/3)
[^c22733991]: [Sch. 13 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1/b) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734011]: Words in [Sch. 13 para. 1(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/1/c) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22733971]: Words in [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) repealed (with effect in accordance with Sch. 6 para. 16(12) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/2/c), [Sch. 8 Pt 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734031]: Words in [Sch. 13 para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/3/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734071]: [Sch. 13 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1/4/b) and preceding word repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/3/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21636141]: *For rates of corporation tax see* Tables K*and* L*in* Vol.1.
[^c21868121]: [Sch. 13 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/4)
[^c21868141]: [Sch. 13 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/5/6) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/5)
[^c21892311]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21890981]: Words in [Sch. 13 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/2) renumbered as para. 2(2)(a) (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/2)
[^c21891001]: [Sch. 13 para. 2(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/2/b/c) inserted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/2)
[^c22734211]: Words in [Sch. 13 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1) substituted (with effect in accordance with [Sch. 6 para. 16(13)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/13) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(a)(i)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/a/i)
[^c22734231]: [Sch. 13 para. 2(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/1/d) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/a/ii), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734251]: Words in [Sch. 13 para. 2(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/4) substituted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/2)
[^c22734271]: [Sch. 13 para. 2(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/4A) inserted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/3)
[^c22734301]: [Sch. 13 para. 2(5)(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/2/5/6) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/4/b), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21868161]: Words in [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/1) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(6)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/6/a)
[^c21868181]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(6)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/6/b)
[^c21892321]: [Sch. 13 para. 1-3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/1) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21891021]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 3(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/3/a)
[^c21891041]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 3(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/3/b)
[^c22734321]: Words in [Sch. 13 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/1) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/5/a), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734341]: Words in [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3/3) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/5/b), [Sch 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21868221]: Words in [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/2) inserted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/8)
[^c22734381]: Words in [Sch. 13 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/2) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/7), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734401]: [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/4/3) substituted (with effect in accordance with [Sch. 4 para. 23(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/5) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 23(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/23/4)
[^c21891121]: Words in [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/5) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/5)
[^c21868301]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) substituted (with effect in accordance with [Sch. 16 para. 3(13)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/13) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 16 para. 3(11)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/16/paragraph/3/11)
[^c21891161]: [Sch. 13 para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/2)
[^c21891181]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) inserted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/3)
[^c21891201]: [Sch. 13 para. 7(3A)(4)(4A)(4B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3A/4/4A/4B) substituted for para. 7(4) (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 7(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/7/4)
[^c22734461]: Words in [Sch. 13 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7/3) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para 16(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/10), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21892331]: [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/8) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21891241]: Words in [Sch. 13 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/8) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 9](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/9)
[^c21892341]: [Sch. 13 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/10) applied (with modifications) (1.7.1997) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21636151]: 1989 s.149(3)(c)—*not to affect the making of assessments before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “sections 36 and 39”.
[^c22778541]: [Sch. 13 paras. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3A), [3B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3B) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/6), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22778551]: [Sch. 13 paras. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3A), [3B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/3B) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/6), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734421]: [Sch. 14 para. 4A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/4A) repealed (with effect in accordance with Sch. 6 para. 16(13) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/8), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734441]: [Sch. 13 para. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/6A) repealed (with effect in accordance with Sch. 6 para 16(13) of the repealing Act) by [Finance Act (No. 2) 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/9), [Sch. 8 Pt 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22734521]: [Sch 13 para. 9A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/9A) repealed (with effect in accordance with Sch. 6 para. 16(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 16(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/16/11), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c21892361]: [Sch. 13 para. 7A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13/paragraph/7A) applied (with modifications) (1.7.1997 with effect in accordance with reg. 6(2) of the amending instrument the appointed day being 1.7.1997 ([S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173) art. 2)) by [The Manufactured Dividends (Tax) Regulations 1997 (S.I. 1997/993)](https://www.legislation.gov.uk/uksi/1997/993), [reg. 6](https://www.legislation.gov.uk/uksi/1997/993/regulation/6)
[^c21636161]: Source—1976 Sch.4 8, 9, 10
[^c23403061]: Words in [Sch. 14 para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/1) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/2/a)
[^c23403041]: [Sch. 14 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/14/paragraph/1/1/b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [101(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/101/2/b)
[^c21636791]: Source—1970 s.337(1)(b); 1985 s.41(7)(a)
[^c21636951]: *See* S.I.[1989 No.1343](https://www.legislation.gov.uk/ukcm/1989/1343)(N.I.14) Art.10(2)*and* Sch.1 para.38(3)*for construction in the case of a solicitor who is a member of a recognised body.*
[^c22783731]: [Sch. 15 para. 21](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/21) restricted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 55(1)(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/1/9) (with [s. 55(2)(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/2/3)) (as amended (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 162(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/162/1))
[^c21637061]: Source—1975 Sch.2 1; 1987 Sch.15 7
[^c21637071]: Source—1970 Sch.1 11(1); 1975 Sch.2 2(1); 1976 s.33(1); 1978 Sch.3 13(1)(a), (b)
[^c21637081]: Source—1970 Sch.1 11(2); 1975 Sch.2 2(2); 1976 s.33(2); 1978 Sch.3 13(1)(b)
[^c21637091]: Source—1970 Sch.1 11(3)
[^c23820761]: [Sch. 15 para. 22(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/22/3/c) and preceding word inserted (partly retrospective, and otherwise with effect in accordance with [s. 87(5)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 87(3)(4)(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/87/3/4/6)
[^c23821161]: Words in [Sch. 15 para. 25(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/25/2/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c21637181]: [Sch. 16 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/2/2/a) modified by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 3(1)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/3/1)
[^c22737481]: Words in [Sch. 16 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 23 para. 11(a)
[^c22737521]: Words in [Sch. 16 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/2) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8). Sch. 23 para. 11(b)
[^c22737621]: Words in [Sch. 16 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/1) repealed (with effect in accordance with s. 91(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(2)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/2/a), [Sch. 20 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/19), Note
[^c22737641]: [Sch. 16 para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/4/3) repealed (with effect in accordance with s. 91(5) of the repealing Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(2)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/2/b), [Sch. 20 Pt. 3(19)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/3/19), Note
[^c21637211]: [Sch. 16 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/5) restricted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 52(1)](https://www.legislation.gov.uk/ukpga/1991/31/section/52/1), [Sch. 11 para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1991/31/schedule/11/paragraph/4/1/2)
[^c22737541]: [Sch. 16 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/5) restricted (with effect in accordance with s. 105(1) of the affecting Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91(1)(7)](https://www.legislation.gov.uk/ukpga/1996/8/section/91/1/7) (with [Schs. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c21637221]: *See* s.341—*payments of interest between related companies.*
[^c22737701]: Words in [Sch. 16 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/6/5) substituted (S.) (30.12.2002) by Debt Arrangement and Attachment (Scotland) Act 2002 (asp17), s. 64(2), sch. 3 para. 19
[^c22737581]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 137(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/137/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 23 para. 13](https://www.legislation.gov.uk/ukpga/1996/8/schedule/23/paragraph/13)
[^c22737661]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 91(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(3)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/3/a)
[^c22737681]: Words in [Sch. 16 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16/paragraph/8) substituted (with effect in accordance with [s. 91(5)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/5) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 91(3)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/91/3/b)
[^c21637231]: 1989 s.149(3)(d)—*not to affect the making of assessments before* 1983-84*or for accounting periods ending before* 1*April* 1983.*Previously* “sections 36 and 37”.
[^c21637151]: [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) modified by [S.I. 1991/512](https://www.legislation.gov.uk/uksi/1991/512), [reg.3](https://www.legislation.gov.uk/uksi/1991/512/regulation/3) [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) excluded (22.3.1992) by [S.I. 1992/569](https://www.legislation.gov.uk/uksi/1992/569), [reg. 13(2)(d)](https://www.legislation.gov.uk/uksi/1992/569/regulation/13/2/d) [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) applied (with modifications) (24.9.1992) by [S.I. 1992/2074](https://www.legislation.gov.uk/uksi/1992/2074), [reg. 14(5)](https://www.legislation.gov.uk/uksi/1992/2074/regulation/14/5) [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) applied (with modifications) (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg. 13(3)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/13/3)
[^c21637161]: *See*—1970(M) s.55—*recovery of tax not in dispute.*1970(M) s.87—*interest on overdue ACT.*1988 s.339—*donations to charity.*1988 s.341—*payments of interest etc between related companies.*1988 s.479—*interest paid on deposits with banks etc.* (*but ceases to have effect as regards interest paid or credited on or after* 6*April* 1991).1988 s.480A—*relevant deposits: deduction of tax from interest payments.*[S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1988 No.482](https://www.legislation.gov.uk/ukcm/1988/482) (*in* Part III Vol.5) regn. 7—*Building Society Regulations.*
[^c21637171]: Source—1972 Sch.20
[^c22737611]: [Sch. 16](https://www.legislation.gov.uk/ukpga/1988/1/schedule/16) applied (with modifications) (1.7.1997) by [The Manufactured Interest (Tax) Regulations 1997 (S.I. 1997/992)](https://www.legislation.gov.uk/uksi/1997/992), [reg. 3](https://www.legislation.gov.uk/uksi/1997/992/regulation/3)
[^c21637241]: Source—1987 (No.2) Sch.4
[^c22742631]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637391]: *See* 1990 s.32(12)(b).*Reference to* “section 413(7) to (9)” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637401]: 1989 s.101(2)*from* 27*July* 1989;*from* 14*March* 1989*for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.*Previously* “(b) do not carry any right either to conversion into shares or securities of any other description or to the acquisition of any additional shares or securities;”.
[^c22744671]: [Sch. 18 para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5) applied (with modifications) (1.5.1995) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 153(11A)](https://www.legislation.gov.uk/ukpga/1993/34/section/153/11A) (as inserted by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 para 4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/4/4))
[^c21637411]: 1989 s.101(3)*from* 27*July* 1989;*from* 14*March* *for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.*Previously* “(a) which does not carry any right either to conversion into shares or securities of any other description or to the acquisition of additional shares or securities;”.
[^c21637421]: 1989 s.101(4)*from* 27*July* 1989;*from* 14*March* 1989*for purposes of* subss. (1D)*and* (1E)*of* 1970 s.272.
[^c21637431]: [Sch. 18 para. 1(5E)-(5I)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E) inserted (1.4.1991) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 77(1)-(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/77/1)
[^c21637471]: *See* s.291(6)—para.1*applied for purposes of business expansion scheme.*
[^c22746131]: Word in [Sch. 18 para 1(5C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5C/c) substituted (with effect in accordance with [Sch. 38 para. 6(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(k)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/k)
[^c22750151]: Words in [Sch. 18 para. 1(3)(d)(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/3/d/5/c) substituted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/2) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22750181]: Words in [Sch. 18 para. 1(5E)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E/a) inserted (with application in accordance with [s. 86(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2/a)
[^c22750201]: Words in [Sch. 18 para. 1(5E)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/5E/b) inserted (with application in accordance with [s. 86(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2) of the amending Act) (by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 86(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/86/2/b)
[^c22750221]: Words in [Sch. 18 para 1(6)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/iii) substituted (with effect in accordance with [s. 68(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/68/2) of the amending Act) by [Finance Act 2000 (c.17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 6](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/6)
[^c22751751]: Words in [Sch. 18 para. 1(6)(b)(i)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/i/ii) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 63(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/63/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22751781]: Words in [Sch. 18 para. 1(6)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/6/b/iii) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 63(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/63/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22742651]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637481]: *See* 1990 s.32(12)(b).*Reference to* “section 413(7) to 9” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750241]: [Sch. 18 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1A) inserted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/3) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c22742661]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637491]: *See* 1990 s.32(13)(b).*Reference to* “section 413(7) to 9” *to be construed as a reference to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637501]: *See* s.291(6)—para.3*applied for purposes of business expansion scheme.*
[^c22742671]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637511]: *See* 1990 s.32(12)(b).*References to* “section 413(7) to (9)” *construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637521]: *See* 1990 s.32(12)(b).*References to* “section 413(7) to (9)” *construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750261]: [Sch. 18 para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/5) inserted (with effect in accordance with [Sch. 27 para 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/4) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c21637531]: [Sch. 18 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A) substituted (16.7.1992 or as mentioned in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6) of the amending Act) for para. 5(5) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6)
[^c22742771]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637601]: *See* 1990 s.32(12)(b):*references to* “section 413(7) to (9)” *and to* section 413(7)*construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22750681]: Words in [Sch. 18 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (with effect in accordance with [Sch. 27 para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/3/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/5/6) (with [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/27/paragraph/6/1))
[^c21637621]: *See* 1990 s.32(12)(b):*references to* “section 413(7) to (9)” *and to* section 413(7)*construed as references to* 1990 s.31(4)*where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c22742781]: Words in [Sch. 18 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/7/1/b) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/b)
[^c21637631]: *See* 1990 s.32(12)(d). Para 7(1)(b)*omitted where* Sch.18*applies to disposals of shares to employee share ownership trusts.*
[^c21637281]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (E.W.S) (16.1.1992) by [S.I. 1992/58](https://www.legislation.gov.uk/uksi/1992/58), [art. 35(5)](https://www.legislation.gov.uk/uksi/1992/58/article/35/5) [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 170(8)](https://www.legislation.gov.uk/ukpga/1992/12/section/170/8), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3)) [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 228(10)](https://www.legislation.gov.uk/ukpga/1992/12/section/228/10), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21637291]: Source—1973 Sch. 12 Pt. I; 1973 s. 32(6); 1987 Sch. 15 5
[^c21637301]: *See*—s.240(13)—*application of* Sch.18*for purposes of* s.240—*set-off of surplus ACT.*[s.247(9A)](https://www.legislation.gov.uk/ukpga/1988/1/section/247/9A)—*application of* Sch.18*for purposes of.*[s.247(8A)](https://www.legislation.gov.uk/ukpga/1988/1/section/247/8A), (9)(c)—*dividends etc. paid by one member of a group to another.*[s.769(6C)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6C)—*application of* Sch.18*for purposes of.*[s.769(6B)](https://www.legislation.gov.uk/ukpga/1988/1/section/769/6B)—*rules for ascertaining change in ownership of company.*1990 s.32(12)—*application of* Sch.18*for relief for disposal of shares to employee share ownership trusts.*
[^c21637541]: [Sch. 18 para. 5A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A) substituted (16.7.1992 or as mentioned in [Sch. 6 para. 6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6) of the amending Act) for para. 5(5) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras.1](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/6)
[^c22742691]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c22743281]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (retrospective to 5.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 17(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/17/2)
[^c22742841]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (19.9.1994) by [Coal Industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 16](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/16) (with [s. 40(7)](https://www.legislation.gov.uk/ukpga/1994/21/section/40/7)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^c22744711]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (19.7.1995) by [Crown Agents Act 1995 (c. 24)](https://www.legislation.gov.uk/ukpga/1995/24), [s. 7(2)](https://www.legislation.gov.uk/ukpga/1995/24/section/7/2)
[^c22744731]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 8(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/8/2)
[^c22746171]: [Sch. 18 para. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)(f)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1/f), [Sch. 7 para. 20(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/20/2) (with [s. 43](https://www.legislation.gov.uk/ukpga/1996/55/section/43))
[^c21637551]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c23821851]: Words in [Sch. 18 para. 5B(4)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B/4/d) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 121(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/121/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23821871]: [Sch. 18 para. 5B(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B/4A) inserted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 121(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/121/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c21637561]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742711]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637571]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742731]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c21637581]: [Sch. 18 paras. 5B-5E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5B) inserted (16.7.1992 with application where the option arrangements are made on or after 15.11.1991) by [Finance (No. 2) Act 1992 (c. 48)](https://www.legislation.gov.uk/ukpga/1992/48), [s. 24](https://www.legislation.gov.uk/ukpga/1992/48/section/24), [Sch. 6 paras. 2](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/2), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/6/paragraph/7)
[^c22742751]: Words in [Sch. 18 paras. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/1/1), [2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/2/1), [3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/3/1), [4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/4/3/4), [5A(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5A/3/4), [5C(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5C/3/4), [5D(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5D/3/4), [5E(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/5E/3/4), [6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18/paragraph/6) substituted (retrospectively) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 100(4)(a)(5)](https://www.legislation.gov.uk/ukpga/2000/17/section/100/4/a/5)
[^c22750941]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied by [Finance Act 1930 (c. 28)](https://www.legislation.gov.uk/ukpga/1930/28), [s. 42(5)](https://www.legislation.gov.uk/ukpga/1930/28/section/42/5) (as added (with effect in accordance with s. 123(7) of the 2000 amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 123(6)](https://www.legislation.gov.uk/ukpga/2000/17/section/123/6))
[^c22750971]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with s. 98(2) of the affecting Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 28 para. 5(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/28/paragraph/5/4)
[^c22752471]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [Sch. 7AC para. 8(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/8/2) (as inserted (with application in accordance with s. 44(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/1))
[^c22752491]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (with effect in accordance with Sch. 29 Pt. 14 of the affecting Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 53](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/53)
[^c23821811]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with s. 31 of the affecting Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 3 para. 10(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/3/paragraph/10/5)
[^c23821821]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with effect in accordance with Sch. 10 para. 2 of the affecting Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 10 para. 15(5)(6)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/10/paragraph/15/5/6)
[^c23821831]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) modified (1.4.2009 with effect in accordance with s. 1329(1) of the modifying Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 519(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/519/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2), [paras. 73-75](https://www.legislation.gov.uk/ukpga/2009/4/paragraph/73))
[^c23821841]: [Sch. 18](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18) applied (with modifications) (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 772](https://www.legislation.gov.uk/ukpga/2009/4/section/772) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c21637641]: Source—1972 Sch. 16 8(1); 1980 Sch. 9 1
[^c21637651]: *See*—1976(D) s.34 and Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.1988 s.127—*enterprise allowance.*
[^c21637661]: Source—1972 Sch. 16 8(2)
[^c21637671]: Source—1972 Sch.16 8(3)-(5); 1978 Sch.5 1
[^c21637681]: Source—1972 Sch.16 9(1)
[^c21637691]: *See* 1976(D) s.34*and* Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21637701]: Source—1972 Sch.16 9(2); 1980 Sch.9 2
[^c21637721]: Source—1972 Sch.16 9(3); 1978 s.35(1)]
[^c21637731]: Source—1972 Sch.16 9(4); 1978 s.35(2)]
[^c21637741]: Source—1972 Sch.16 9(5), (6)
[^c21637751]: Source—1972 Sch.16 10(1); 1975 (No.2) Sch.8 4
[^c21637761]: Source—1982 s.56(1)
[^c21637771]: Source—1972 Sch.16 10(1)
[^c21637781]: Source—1972 Sch.16 10A; 1973 Sch.9 3
[^c21637791]: Source—1972 Sch.16 10(2); 1980 Sch.9 3
[^c21637801]: *See* 1976(D) s.34*and* Sch.6 para.9(6)(7)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21637811]: *See* ss.539*and* 547—*certain gains under life policies.*
[^c21637821]: Source—1972 Sch.16 10(3); 1978 s.35(3); 1980 s.44(2)
[^c21637831]: *See* ss.539*and* 547—*certain gains under life policies.*
[^c21637841]: Source—1972 Sch.16 10(4), (4A); 1980 Sch.9 4
[^c21637851]: Source—1972 Sch.16 10(5); 1980 Sch.9 5
[^c21637861]: Source—1972 Sch.16 10(6)
[^c21637871]: Source—1972 Sch.16 10(7)
[^c21637881]: Source—[1972 Sch.16 10(8)(a)]
[^c21637891]: Source—[1972 Sch.16 10(8)(b), (c); 1985 Sch.25 9]
[^c21637901]: Source—[1972 Sch.16 10(9); 1980 Sch.9 6; 1987 Sch.15 4]
[^c21637911]: Source—[1972 Sch.16 11]
[^c21637921]: *See* 1974 s.44(4)*and* Sch.7 para.4(2)—*development gains.*
[^c21637931]: *See*—s.623(2)—*definition of “investment income” applied for purposes of retirement annuities.*[s.745(4)](https://www.legislation.gov.uk/ukpga/1988/1/section/745/4)—*definition of “trading company” applied for purpose of* Ch.III Part XVIII (*transfer of assets abroad*).
[^c21637941]: Source—[1972 Sch.16 12(1); 1973 Sch.9 4(2), (4)]
[^c21637951]: Source—[1972 Sch.16 12(2)]
[^c21637961]: Source—[1972 Sch.16 12(2A); 1973 Sch.9 4(3)]
[^c21637971]: Source—[1972 Sch.16 12(2B); 1982 s.56(2)]
[^c21637981]: Source—[1972 Sch.16 12(3)]
[^c21637991]: Source—[1972 Sch.16 12A; 1978 Sch.5 2]
[^c21638001]: Source—[1972 Sch.16 13(1); 1980 Sch.9 7]
[^c21638011]: *See* 1976(D) s.34*and* Sch.6 para.9(8)—*development land tax.* 1976(D)*repealed by* 1985 s.98(6)*and* Sch.27 Pt.X.
[^c21638021]: Source—[1972 Sch.16 13(2)]
[^c21638031]: Source—[1972 Sch.16 13(3)]
[^c21638041]: [Sch.7 para.36(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/7/paragraph/36/8) Copyright, Designs and Patents Act 1988*from* 1*August* 1989—*commencement order* S.I. [1989 No.816](https://www.legislation.gov.uk/ukcm/1989/816) (*not reproduced*).*Previously* “*tangible property or of copyright in a literary, dramatic, musical or artistic work within the meaning of the Copyright Act* 1956 (*or any corresponding right under the law of a country to which that Act does not extend*)”.
[^c21638051]: Source—[1956 c. 74](https://www.legislation.gov.uk/ukpga/1956/74).
[^c21638061]: [1956 c.74](https://www.legislation.gov.uk/ukpga/1956/74)
[^c21638071]: Source—[1972 Sch.16 13(4), (5)]
[^c21638081]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c21638091]: Source—[1972 Sch.16 14; 1975 (No.2) Sch.8 3(3)]
[^c21638101]: Source—[1975 (No.2) Sch.8 3(4).]
[^c21638111]: *Repealed by* 1989 s.187*and* Sch.17 Part V*but* Part I*continues to have effect where the subsequent distribution referred to in* 1988 s.427(4)*is made before* 1*April* 1992.
[^c21638121]: Source—[1972 Sch.16 15-20; 1976 s.44(3); 1987 (No.2) s.61(5), (6)]
[^c21638131]: [Sch.19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19)*repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989 (*except paragraph* 17*which repeal has effect on and after* 27*July* 1989).
[^c21638141]: [Sch.19](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19)*repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989 (*except paragraph* 17*which repeal has effect on and after* 27*July* 1989).
[^c22765661]: Words in [Sch. 19AA para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/1/2) inserted (with effect in accordance with [Sch. 8 para. 55](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/55) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 33](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/33)
[^c21638161]: See 1990 s. 42 and Sch.7 para.10(2) regarding treatment of assets in relation to the first period of account of an insurance company
[^c22754751]: Words in [Sch. 19AA para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/3/c) substituted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 3](https://www.legislation.gov.uk/uksi/1994/3278/article/3)
[^c22768981]: Words in [Sch. 19AA para. 2(1)(b)(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/1/b/2/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/i)
[^c22769061]: Words in [Sch. 19AA para. 2(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/2/3/d) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(m)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/m/i)
[^c22769081]: Words in [Sch. 19AA para. 3(1)(a)(2)(a)(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/3/1/a/2/a/3/a) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/ii)
[^c22754771]: [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) substituted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 4(1)](https://www.legislation.gov.uk/uksi/1994/3278/article/4/1)
[^c22754811]: [Sch. 19AA para. 4(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/3/4) inserted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 4(3)](https://www.legislation.gov.uk/uksi/1994/3278/article/4/3)
[^c22768791]: [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1): definition of "B" substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(2)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/2)
[^c22768811]: [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(3)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/3)
[^c22768831]: [Sch. 19AA para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/5) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 3(4)](https://www.legislation.gov.uk/uksi/2000/2188/article/3/4)
[^c22768851]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c22769111]: Words in [Sch. 19AA para 4(1)(2)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1/2/5) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(k)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/k/iii)
[^c22769141]: Words in [Sch. 19AA para 4(2)(a)(b)(4)(b)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2/a/b/4/b/5) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(m)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/m/ii)
[^c23822201]: Words in [Sch. 19AA para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/5) substituted (with effect in accordance with [Sch. 33 para. 28](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/28) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 27](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/27)
[^c23822381]: Words in [Sch. 19AA para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/1) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 7(2)](https://www.legislation.gov.uk/uksi/2005/3465/article/7/2)
[^c23822401]: Words in [Sch. 19AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/2) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 7(3)](https://www.legislation.gov.uk/uksi/2005/3465/article/7/3)
[^c23822431]: Words in [Sch. 19AA para. 4(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/4/5) substituted (6.1.2006 with effect in accordance with art. 1 of the amending S.I.) by [The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005 (S.I. 2005/3465)](https://www.legislation.gov.uk/uksi/2005/3465), [art. 7(4)](https://www.legislation.gov.uk/uksi/2005/3465/article/7/4)
[^c22754831]: Words in [Sch. 19AA para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/a) inserted (10.1.1995 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 1994 (S.I. 1994/3278)](https://www.legislation.gov.uk/uksi/1994/3278), [art. 5(a)](https://www.legislation.gov.uk/uksi/1994/3278/article/5/a)
[^c22765681]: Words in [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 8](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/8)
[^c22767831]: [Sch. 19AA para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5) modified (20.3.1997 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 31](https://www.legislation.gov.uk/uksi/1997/473/regulation/31)
[^c22769591]: [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) modified (6.4.1999) by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [regs. 5](https://www.legislation.gov.uk/uksi/1998/1871/regulation/5), [19](https://www.legislation.gov.uk/uksi/1998/1871/regulation/19)
[^c22768861]: Words in [Sch. 19AA para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/a) substituted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(2)(a)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/2/a)
[^c22768881]: [Sch. 19AA para. 5(5)(c)-(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/c) substituted for para. 5(5)(c)-(g) (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(2)(b)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/2/b)
[^c22768901]: [Sch. 19AA para. 5(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/6A) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(3)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/3)
[^c22768921]: [Sch. 19AA para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/7) omitted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by virtue of [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 4(4)](https://www.legislation.gov.uk/uksi/2000/2188/article/4/4)
[^c23822221]: Words in [Sch. 19AA para. 5(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5/c) substituted (with effect in accordance with [s. 153(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/a)
[^c23822341]: [Sch. 19AA para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5) modified (12.8.2005 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [25](https://www.legislation.gov.uk/uksi/2005/2014/regulation/25); and that modifying reg. 25 is omitted (14.8.2007 with effect in accordance with reg. 1(2) of the revoking S.I.) by virtue of [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2007/2134/regulation/23)
[^c23822331]: [Sch. 19AA para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5) modified (6.4.2005) by [The Child Trust Funds (Insurance Companies) Regulations 2004 (S.I. 2004/2680)](https://www.legislation.gov.uk/uksi/2004/2680), [regs. 1](https://www.legislation.gov.uk/uksi/2004/2680/regulation/1), [4](https://www.legislation.gov.uk/uksi/2004/2680/regulation/4), [17](https://www.legislation.gov.uk/uksi/2004/2680/regulation/17); [S.I. 2004/3369](https://www.legislation.gov.uk/uksi/2004/3369), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/3369/article/2/1)
[^c23822241]: [Sch. 19AA para. 5(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/5A) inserted (31.12.2004 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2004 (S.I. 2004/3275)](https://www.legislation.gov.uk/uksi/2004/3275), [art. 3(2)](https://www.legislation.gov.uk/uksi/2004/3275/article/3/2)
[^c23822371]: [S.I. 1995/3237](https://www.legislation.gov.uk/uksi/1995/3237)
[^c23822261]: Words in [Sch. 19AA para. 5(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AA/paragraph/5/6A) inserted (31.12.2004 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2004 (S.I. 2004/3275)](https://www.legislation.gov.uk/uksi/2004/3275), [art. 3(3)](https://www.legislation.gov.uk/uksi/2004/3275/article/3/3)
[^c21638621]: [Sch. 19A para. 1(1)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/1/1/3): s. 451(1) (with s. 451(1A) and Sch. 19A para. 1(1)(3)) power exercised by [S.I.1991/851](https://www.legislation.gov.uk/uksi/1991/851).
[^c21638631]: *Repealed by* S.I. [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(2)(a)*coming into force* 2*January* 1991 for 1988-89*and subsequent years.*
[^c21638641]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(2)(b)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638661]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(3)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638671]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 4*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638681]: [Sch. 19A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) amended for the year of assessment 1988-89 by [S.I. 1991/851](https://www.legislation.gov.uk/uksi/1991/851), [reg. 5(2)](https://www.legislation.gov.uk/uksi/1991/851/regulation/5/2). [Sch. 19A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) modified (28.3.1992 with effect for the year of assessment 1989-1990 only) by [S.I. 1992/511](https://www.legislation.gov.uk/uksi/1992/511), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1992/511/regulation/1/1), [5(2)](https://www.legislation.gov.uk/uksi/1992/511/regulation/5/2)
[^c21638691]: [Sch. 19A paras. 2A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2A), [2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19A/paragraph/2B) inserted by [S.I. 1990/2524](https://www.legislation.gov.uk/uksi/1990/2524)
[^c21638701]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 5*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638711]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638731]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638751]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638761]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638781]: 1989 s.149(6)(4)(a)(iii)—*not to affect assessments before* 1983-84 or*accounting periods before* 1*April* 1983.*Previously* “37, 40 and 41” *and* “fraud, wilful default or neglect”.
[^c21638801]: [S.I](https://www.legislation.gov.uk/ukpga/1988/1/section/I). [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(4)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638811]: *Repealed by* 1989 s.187*and* Sch.17 Part VIII.
[^c21638821]: *Repealed by* S.I. [1990 No.2524](https://www.legislation.gov.uk/ukcm/1990/2524) reg. 3(5)*coming into force* 2*January* 1991*for* 1988-89*and subsequent years.*
[^c21638831]: 1988(F) s.58*for* 1988-89*and subsequent years.*
[^c21638841]: Source—[1986 c. 60](https://www.legislation.gov.uk/ukpga/1986/60) Sch. 7 Pts. II—IV.
[^c21638851]: [1961 c. 62](https://www.legislation.gov.uk/ukpga/1961/62).
[^c21638881]: [1960 c. 58](https://www.legislation.gov.uk/ukpga/1960/58).
[^c21638891]: Words in [Sch. 20 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3) inserted (1.8.1993) by [1993 c. 10](https://www.legislation.gov.uk/ukpga/1993/10), [ss. 98(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/98/1), [99(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/99/1), [Sch. 6 para. 25(a)](https://www.legislation.gov.uk/ukpga/1993/10/schedule/6/paragraph/25/a)
[^c21638901]: [1964 c. 33 (N.I.)](https://www.legislation.gov.uk/apni/1964/33).
[^c22767671]: Word in [Sch. 20 para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/5) substituted (with effect in accordance with [Sch. 38 para. 6(11)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(l)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/l)
[^c22769511]: Words in [Sch. 20 para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/6) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 50](https://www.legislation.gov.uk/uksi/2001/3629/article/50)
[^c22767681]: Words in [Sch. 20 para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/7/1) substituted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/5))
[^c22767701]: [Sch. 20 para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/7/3) inserted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/3)
[^c23823921]: Words in [Sch. 20 para. 8](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/8) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by virtue of [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 347(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/347/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21638921]: [Sch. 20 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3A) inserted (1.9.1992) by [Charities Act 1992 (c. 41)](https://www.legislation.gov.uk/ukpga/1992/41), [s. 78(1)](https://www.legislation.gov.uk/ukpga/1992/41/section/78/1), [Sch. 6 para. 17](https://www.legislation.gov.uk/ukpga/1992/41/schedule/6/paragraph/17); [S.I. 1992/1900](https://www.legislation.gov.uk/uksi/1992/1900), [art. 2(1)](https://www.legislation.gov.uk/uksi/1992/1900/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/1992/1900/schedule/1)
[^c21638931]: Words in [Sch. 20 para. 3A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/3A) inserted (1.8.1993) by [1993 c. 10](https://www.legislation.gov.uk/ukpga/1993/10), [ss. 98(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/98/1), [99(1)](https://www.legislation.gov.uk/ukpga/1993/10/section/99/1), [Sch. 6 para. 25(b)](https://www.legislation.gov.uk/ukpga/1993/10/schedule/6/paragraph/25/b)
[^c22767731]: [Sch. 20 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10) renumbered as para. 10(1) (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by virtue of [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/4)
[^c22767721]: Words in [Sch. 20 para 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10) substituted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/5)
[^c22767751]: [Sch. 20 para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/10/2) inserted (with application in accordance with [Sch. 37 para. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/10) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 37 para. 2(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/37/paragraph/2/4)
[^c21638961]: Words in [Sch. 20 para. 12(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/20/paragraph/12/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(59)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/59) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21638991]: Source—[1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53), [Sch.12 Pt.II](https://www.legislation.gov.uk/ukpga/1986/53/schedule/12/part/II)
[^c21639001]: *For regulations see* Part III Vol.5 (*under “Pension scheme surpluses: valuation”*).
[^c21639031]: *See* S.I.[1989 No.2290](https://www.legislation.gov.uk/ukcm/1989/2290), regn.10(5)*in* Part III Vol.5.
[^c21639041]: [Sch. 22 para. 7(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7/3/d) modified (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 271(10)](https://www.legislation.gov.uk/ukpga/1992/12/section/271/10), [289](https://www.legislation.gov.uk/ukpga/1992/12/section/289) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639051]: Words in [Sch. 22 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(60)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/60) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639061]: *See* S.I.[1989 No.2290](https://www.legislation.gov.uk/ukcm/1989/2290), regn.10(5)*in* Part III Vol.5.
[^c23824151]: Words in [Sch. 22 para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22/paragraph/7/3/c) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 348(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/348/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23824191]: [Sch. 22](https://www.legislation.gov.uk/ukpga/1988/1/schedule/22) excluded (3.8.2005 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/1907/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/2005/1907/regulation/10)
[^c21639071]: Source—1987 (No. 2) c. 51, Sch.3 Pt. II
[^c21639081]: 1988(F) s.56.*Previously* “(2) The Board may by regulations provide that this Schedule, or any provision of it, shall not apply in relation to a scheme or to an employee—(a) in circumstances prescribed in the regulations; (b) in any case where in the opinion of the Board the facts are such that it would be appropriate for this Schedule, or the provision in question, not to apply.” *For regulations see* Part III Vol.5*under “Retirement Benefit Schemes: transitional provisions”*.
[^c21639091]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied and when* para.2*modified.*
[^c21639101]: *For regulations see* Part III Vol.5 (*under “Retirement benefit schemes: maximum lump sum”*).
[^c21639111]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639121]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639131]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639141]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4*and* 5(2), 5(3), 6*and* 7*disapplied, and when* paras.5(3), (4)*modified.*
[^c21639161]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4*and* 5(2), 5(3), 6*and* 7*disapplied, and when* paras.5(3), (4)*modified.*
[^c21639171]: *See* S.I.[1988 No.1436](https://www.legislation.gov.uk/ukcm/1988/1436) (*in* Part III Vol.5)*for circumstances when* paras.2-4, 5(2), 5(3), 6*and* 7*disapplied.*
[^c21639181]: *Repealed by* 1989 ss.75*and* 187*and* Sch.6 paras.17*and* 18(10)*and* Sch.17 Part IV.
[^c23317471]: Words in [Sch. 24 para. 2(3A)(b)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/2/3A/b/ii) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 17(4)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/17/4/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317691]: Words in [Sch. 24 para. 4(3A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(6)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/6/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23317711]: [Sch. 24 para. 4(3A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/24/paragraph/4/3A/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 19(6)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/19/6/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322061]: Words in [Sch. 25 para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/1) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 26](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/26); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639531]: *Repealed by* 1990 s.67(3)(a)*and* s.132*and* Sch.19 Part IV*in relation to dividends paid on or after* 20*March* 1990.
[^c21639541]: 1990 s.67(3)(b)*in relation to dividends paid on or after* 20*March* 1990.
[^c23319631]: Words in [Sch. 25 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(i)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/i)
[^c23319591]: Words in [Sch. 25 para. 2(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1) repealed (with application in accordance with s. 134(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(ii)(v)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/ii/v), [Sch. 26 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/15), Note
[^c23319651]: Words in [Sch. 25 para. 2(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/b) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(iii)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/iii)
[^c23319671]: Words in [Sch. 25 para. 2(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/d) substituted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(a)(iv)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/a/iv)
[^c23319621]: [Sch. 25 para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/2) repealed (with application in accordance with s. 134(5) of the repealing Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/b), [Sch. 26 Pt. 5(15)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/5/15), Note
[^c23319701]: [Sch. 25 para. 2(3)(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/3/3A) substituted for para. 2(3) (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/2/c)
[^c23319781]: Words in [Sch. 25 para. 2(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1/d) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/2/a)
[^c23319811]: Words in [Sch. 25 para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/6) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/2/b)
[^c23322811]: [Sch. 25 para. 2(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1B) inserted (with application in accordance with [s. 88(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/88/2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/88/1)
[^c23323251]: Words in [Sch. 25 para. 2(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2/1A) added (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/2)
[^c23319741]: [Sch. 25 para. 3(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/4A) inserted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(4)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/4/a)
[^c23319761]: Words in [Sch. 25 para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/5) inserted (with application in accordance with [s. 134(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 134(4)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/134/4/b)
[^c23319991]: [Sch. 25 para. 3(1)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/1) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/4/a), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23320051]: Words in [Sch. 25 para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/5) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/4/b), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23322241]: Words in [Sch. 25 para. 3(4A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/3/4A/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 28](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/28); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639551]: *Repealed by* 1990 s.67(3)(a)*and* s.132*and* Sch.19 Part IV*in relation to dividends paid on or after* 20*March* 1990.
[^c21639561]: 1990 s.67(3)(c)*in relation to dividends paid on or after* 20*March* 1990.
[^c23323321]: Words in [Sch. 25 para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/1) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/4)
[^c23323341]: Words in [Sch. 25 para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/1A) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/5)
[^c23323361]: Words in [Sch. 25 para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/4/2) inserted (with application in accordance with [s. 82(8)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/8) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 82(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/82/6)
[^c23319831]: Words in [Sch. 25 para. 2A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/1) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/a), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23319971]: Words in [Sch. 25 para. 2A(5)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/5/c) substituted (with effect in accordance with [s. 182](https://www.legislation.gov.uk/ukpga/1996/8/section/182) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/b)
[^c23319951]: [Sch. 25 para. 2A(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/6/7) repealed (with effect in accordance with s. 182 of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 36 para. 4(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/36/paragraph/4/3/c), [Sch. 41 Pt. 5(34)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/34), Note
[^c23322141]: Words in [Sch. 25 para. 2A(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/2/a/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/2/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322161]: Words in [Sch. 25 para. 2A(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/2/a/b) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/2/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322181]: Words in [Sch. 25 para. 2A(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/4) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322201]: [Sch. 25 para. 2A(8)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/8/aa) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322221]: Words in [Sch. 25 para. 2A(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/2A/8/a) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 27(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/27/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322481]: Words in [Sch. 25 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/5/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322501]: Words in [Sch. 25 para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4/b) inserted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para 30(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/5/b); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322561]: Words in [Sch. 25 para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/5) substituted (with effect in accordance with [Sch. 17 para. 37](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/37) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 17 para. 30(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/17/paragraph/30/8/a); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c23322931]: Words in [Sch. 25 para. 6(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4) inserted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/2)
[^c23322971]: [Sch. 25 para. 6(4A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4A/c) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/4)
[^c23323041]: [Sch. 25 para. 6(4B)(b)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/4B/b/iii) and preceding word added (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/6)
[^c23323171]: Word in [Sch. 15 para. 6(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15/paragraph/6/6) substituted (with effect in accordance with [Sch. 31 para. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/9/4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 31 para. 7(11)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/31/paragraph/7/11)
[^c23826921]: Words in [Sch. 25 para. 6(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/6/1/c) substituted (retrospective to 27.11.2002 with effect in accordance with [s. 200(2)(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/2/3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 200(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/200/4), [Sch. 42 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/42/paragraph/2/2)
[^c23322031]: Word in [Sch. 25 para. 13(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/25/paragraph/13/2/c) substituted (with effect in accordance with [Sch. 38 para. 6(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 6(1)(2)(m)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/6/1/2/m)
[^c23319321]: Words in [Sch. 26 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/26/paragraph/1/3/a) substituted (with effect in accordance with [s. 38(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/38/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 46](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/46) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^c23828701]: [Sch. 27](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2004/2572/regulation/4)
[^c21639631]: Source—[1984 Sch.19; 1986 s.50; 1987 (No.2) s.66]
[^c23319121]: [Sch. 27 para. 1(2)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/1/2/a/b) substituted (with effect in accordance with [s. 134(9)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/9) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 134(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/134/4)
[^c23828791]: [Sch. 27 para. 1(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/1/1/d) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/2)
[^c23828351]: Words in [Sch. 27 para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828811]: [Sch. 27 para. 3(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1/a/aa) substituted for para. 3(1)(a) (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/3)
[^c23828831]: Words in [Sch. 27 para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/3/1/b) substituted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 23(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/23/4)
[^c21639641]: 1988(F) s.146*and* Sch.13 para.12 (*deemed always to have had effect*).
[^c21639651]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) inserted (27.7.1993) by [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [s. 170](https://www.legislation.gov.uk/ukpga/1993/34/section/170), [Sch. 18 para.6](https://www.legislation.gov.uk/ukpga/1993/34/schedule/18/paragraph/6)
[^c23319161]: [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/1) modified (with effect in accordance with s. 105(1) of the modifying Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15)) (and as that para. 3 is substituted (with effect in accordance with s. 82(2) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 39](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/39))
[^c23319141]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) substituted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 176(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/176/2)
[^c23317361]: Words in [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/5) substituted (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 6](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/6)
[^c23319181]: [Sch. 27 para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/1) modified (with effect in accordance with s. 83(3) of the modifying Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 35](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/35) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23319171]: [Sch. 27 para. 5(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/2A) repealed (with effect in accordance with Sch. 40 Pt. 3(10) Note, Sch. 40 Pt. 3(13) Note of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13)
[^c23828311]: [Sch. 27 para. 5(3)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/3/d) and preceding word inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/1) (with [Sch. 26 paras. 1(3)-(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/3), [17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828331]: [Sch. 27 para. 5(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/3/e) and preceding word inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 1(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/1/1) (with [Sch. 26 paras. 2(3)-(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/2/3), [17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828751]: Words in [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/5/5) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 350(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/350/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23828451]: Words in [Sch. 27 para. 6(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828471]: Words in [Sch. 27 para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828491]: Words in [Sch. 27 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/6/3/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/2/c) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828511]: Words in [Sch. 27 para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/7) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/3) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828581]: [Sch. 27 para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/10) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/4), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828601]: Words in [Sch. 27 para. 11(1)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/1/4) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/5/a), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828541]: Words in [Sch. 27 para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/1) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/5/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828371]: Words in [Sch. 27 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/a) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/a) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828391]: Words in [Sch. 27 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/b) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/b) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828411]: Words in [Sch. 27 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/11/2/c) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 8(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/8/3/c) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828631]: [Sch. 27 paras. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/13) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/6), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c23828651]: [Sch. 27 paras. 12](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/12), [13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/13) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/6), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c21639661]: [1987 c. 51](https://www.legislation.gov.uk/ukpga/1987/51).
[^c23828561]: Words in [Sch. 27 para. 14](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/14) substituted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(7)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/7) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17))
[^c23828671]: Words in [Sch. 27 para. 16(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/27/paragraph/16/1) repealed (with effect in accordance with s. 145(2) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 14(8)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/14/8), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18), Note 1 (with Sch. 26 para. 17)
[^c21639671]: Source—[1984 Sch.20.]
[^c21639681]: Words in [Sch. 28 para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/2) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/a) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639751]: Words in [Sch. 28 para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/b) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c23327731]: [Sch. 28 para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/3/4) repealed (with effect in accordance with Sch. 8 para. 55 of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c21639811]: Words in [Sch. 28 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/4/3/b) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639821]: Words in [Sch. 28 para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/8/3) substituted (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 10 para. 14(63)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/10/paragraph/14/63/c) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3))
[^c21639841]: [Sch. 28 para. 8(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28/paragraph/8/4/5) repealed (6.3.1992 with effect as mentioned in [s. 289(1)(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/289/1/2) of the amending Act) by [Taxation of Chargeable Gains Act 1992 (c. 12)](https://www.legislation.gov.uk/ukpga/1992/12), [ss. 289](https://www.legislation.gov.uk/ukpga/1992/12/section/289), [290](https://www.legislation.gov.uk/ukpga/1992/12/section/290), [Sch. 12](https://www.legislation.gov.uk/ukpga/1992/12/schedule/12) (with [ss. 60](https://www.legislation.gov.uk/ukpga/1992/12/section/60), [101(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/101/1), [171](https://www.legislation.gov.uk/ukpga/1992/12/section/171), [201(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/201/3), [Sch. 11 paras. 22](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/22), [26(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/26/2), [27](https://www.legislation.gov.uk/ukpga/1992/12/schedule/11/paragraph/27))
[^c23830671]: [Sch. 28](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28) applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Offshore Funds Regulations 2004 (S.I. 2004/2572)](https://www.legislation.gov.uk/uksi/2004/2572), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2572/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2572/regulation/5)
[^c21642521]: *See* 1990 s.132*and* Sch.19 Part V*for repeal in relation to allowances and charges falling to be made for chargeable periods ending after the day to be appointed* (*see* 1988 s.10).
[^c21642531]: *See* 1990 s.132*and* Sch.19 Part V*for repeal in relation to allowances and charges falling to be made for chargeable periods ending after the day to be appointed* (*see* 1988 s.10).
[^c21642551]: *Repealed by* 1989 s.187*and* Sch.17 Part V*in relation to accounting periods beginning after* 31*March* 1989.
[^c21642561]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21642571]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21642591]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IX*from* 3*April* 1989—*commencement order* S.I. [1989 No.473](https://www.legislation.gov.uk/ukcm/1989/473) (*in* Part III Vol.5).
[^c21642631]: *Repealed by* 1988(F) Sch.14 Part VIII*for* 1990-91*and subsequent years.*
[^c21642671]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642681]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642771]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21642801]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642851]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642921]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642931]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21642981]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643011]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643091]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643101]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643141]: *Repealed by* 1988(F) s.148*and* Sch.14 Part IV*for* 1988-89*and subsequent years.*
[^c21643171]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VI*for accounting periods ending after* 5*April* 1988.
[^c21643201]: *Repealed by* 1990(C) s.164(4)*and* Sch.2.*See* 1989*edition for these provisions.*
[^c21643271]: *Repealed by* 1988(F) s.148*and* Sch.14 Part VI*for disposals made on or after* 6*April* 1988.
[^c23835961]: [Sch. 29 para. 32](https://www.legislation.gov.uk/ukpga/1988/1/schedule/29/paragraph/32) Table: entry relating to 178(1) of the Inheritance Tax Act 1984 repealed (with effect in accordance with Sch. 43 Pt. 4(1) Note of the repealing Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 4(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/4/1)
[^c21799391]: Word "or" repealed by 1991 s. 123 and Sch. 19 Part V in relation to losses incurred in accounting periods ending on or after 1 April 1991.
[^c21818061]: 1991 s.73(3)-(5) and Sch. 15 para. 27(1) in relation to losses incurred in accounting periods ending on or after 1 April 1991 - deemed always to have had effect.
[^c21818071]: Word "or" repealed by 1991 s. 123 and Sch. 19 Part V in relation to losses incurred in accounting periods ending on or after 1 April 1991.
[^c21818081]: 1991 s. 73(3)-(5) and Sch. 15 para. 27(1) in relation to losses incurred in accounting periods ending on or after 1 April 1991 - deemed always to have had effect.
[^c23836211]: [Sch. 30 para. 5(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/6/b) and preceding word repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/a), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836241]: Words in [Sch. 30 para. 5(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/8) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/b), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836261]: Words in [Sch. 30 para. 5(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/11) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/c), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23836191]: [Sch. 30 para. 5(13)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/30/paragraph/5/13) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 352(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/352/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c21638221]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638241]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art. 2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638261]: [Sch. 19AB para. 1(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/9) repealed (27.7.1993 with effect as mentioned in [s. 103(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/3/4) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 103(2)(h)(3)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/103/2/h/3/4), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III(9)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III/9)
[^c22765701]: Word in [Sch. 19AB para. 1(5)(b)(i)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b/i) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/12/1/b) (with [s. 55(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/55/2))
[^c22767071]: Words in [Sch. 19AB para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/1) inserted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/2)
[^c22767091]: [Sch. 19AB para. 1(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/3/4) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/3)
[^c22767111]: Word in [Sch. 19AB para. 1(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767151]: [Sch. 19AB para. 1(5)(b)(ii)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/b/ii/iii) substituted for Sch. 19AB para. 1(5)(b)(ii) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/4)
[^c22767171]: [Sch. 19AB para. 1(6)(6A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/6/6A) substituted for Sch. 19AB para. 1(6) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/5)
[^c22767191]: [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/6)
[^c22767131]: [Sch. 19AB para. 1(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/8) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/7), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767211]: [Sch. 19AB para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/10/11) substituted for Sch. 19AB para. 1(10) (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 1(8)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/1/8)
[^c22798971]: [Sch. 19AB para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1) amended (otherwise than as it has effect as mentioned in [Sch. 3 para. 11(1)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/1) of the amending Act, and with effect in accordance with Sch. 3 para. 10(6)(7), Sch. 8 Pt. 2(6) Note of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 10(1)-(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/10/1), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6)
[^c22798931]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798951]: [Sch. 19AB para. 1](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1): word preceding para. 1(7)(b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798941]: [Sch. 19AB para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22798961]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(2)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/2/c), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799091]: Words in [Sch. 19AB para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/4) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799141]: [Sch. 19AB para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/6) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799161]: Words in [Sch. 19AB para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/7) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/4); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799181]: [Sch. 19AB para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/10/11) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799591]: Words in [Sch. 19AB para. 1(5)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/1/5/a/b) substituted (2.7.2002) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2002 (S.I. 2002/1409)](https://www.legislation.gov.uk/uksi/2002/1409), [art. 2(3)](https://www.legislation.gov.uk/uksi/2002/1409/article/2/3)
[^c21638271]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638281]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767251]: [Sch. 19AB para. 2(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/1/2) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/2/2)
[^c22767271]: [Sch. 19AB para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/3): words in definition of "total entitlement" substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 2(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/2/3)
[^c22799201]: Words in [Sch. 19AB para. 2(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/2/1/c) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/6); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21638291]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638301]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767291]: [Sch. 19AB para. 3(1)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1/a/b) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/2)
[^c22767311]: [Sch. 19AB para. 3(1A)-(1D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) inserted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/3)
[^c22767341]: Words in [Sch. 19AB para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/3/b) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/4)
[^c22767361]: Word in [Sch. 19AB para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/4) substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/5)
[^c22767381]: [Sch. 19AB para. 3(8)(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8/9) added (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 3(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/3/6)
[^c22798981]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799001]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799021]: [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799011]: [Sch. 19AB para. 3(1A)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(3)(c)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/3/c), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799051]: Words in [Sch. 19AB para. 3(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(4)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/4/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799031]: [Sch. 19AB para. 3(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799071]: [Sch. 19AB para. 3(1B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1B/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(4)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/4/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799061]: Words in [Sch. 19AB para. 3(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(5)(a)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/5/a), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799041]: [Sch. 19AB para. 3(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8): word preceding para. (b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799081]: [Sch. 19AB para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/8/b) repealed (with effect in accordance with Sch. 3 paras. 11(1), 12 of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 11(5)(b)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/11/5/b), [Sch. 8 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/7), Note
[^c22799221]: Words in [Sch. 19AB para. 3(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/7); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799351]: [Sch. 19AB para. 3(1ZA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1ZA) inserted (with effect in accordance with [s. 91(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/91/2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/91/1)
[^c22799241]: Words in [Sch. 19AB para. 3(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1A) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(8)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/8); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799331]: [Sch. 19AB para. 3(1C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1C): word at the end of para. (a) inserted (with effect in accordance with [s. 37(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 37(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/2/a); [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619), [art. 2](https://www.legislation.gov.uk/uksi/1999/619/article/2)
[^c22799341]: [Sch. 19AB para. 3(1C)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1C/c) and preceding word repealed (with effect in accordance with s. 37(3) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 37(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/37/2/b), [Sch. 27 Pt. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/3); [S.I. 1999/619](https://www.legislation.gov.uk/uksi/1999/619), [art. 2](https://www.legislation.gov.uk/uksi/1999/619/article/2)
[^c22799261]: [Sch. 19AB para. 3(1D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/1D) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(9)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/9); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799281]: Words in [Sch. 19AB para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/3) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(10)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/10); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799301]: Words in [Sch. 19AB para. 3(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/7) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(11)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/11); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22799321]: Words in [Sch. 19AB para. 3(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/3/9) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by virtue of [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(12)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/12); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21638311]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch.8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638321]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638331]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638341]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638351]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c21638361]: [Sch. 19AB](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB) inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 49](https://www.legislation.gov.uk/ukpga/1991/31/section/49), [Sch. 8](https://www.legislation.gov.uk/ukpga/1991/31/schedule/8); [S.I. 1992/1746](https://www.legislation.gov.uk/uksi/1992/1746), [art.2](https://www.legislation.gov.uk/uksi/1992/1746/article/2)
[^c22767401]: [Sch. 19AB para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/1): definition of "provisional fraction" substituted (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 4(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/2)
[^c22767441]: [Sch. 19AB para. 6(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/3) repealed (with effect in accordance with s. 169(3) of the repealing Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para 4(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/3), [Sch. 41 Pt. 5(27)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/27), Note
[^c22767421]: [Sch. 19AB para. 6(4)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/4) added (with effect in accordance with [s. 169(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/169/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 34 para. 4(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4/4)
[^c22767461]: [1994 c. 9](https://www.legislation.gov.uk/ukpga/1994/9).
[^c22799371]: Words in [Sch. 19AB para. 6(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AB/paragraph/6/4/b) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 51(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/51/13); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c21639211]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22890611]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definitions of "approved stock lending arrangement", "market maker", "recognised clearing house", "recognised investment exchange", "unapproved manufactured payment" and "unapproved stock lending arrangement" repealed (with effect in accordance with Sch. 18 Pt. 6(10), Notes 1, 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22890721]: [Sch. 23A para 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/2) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891391]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): definition of "foreign income dividend" repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/2), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22899501]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): in the definition of "overseas securities", para. (b) and preceding word repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c22899511]: [Sch. 23A para. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/1/1): words in definition of "UK securities" repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c21639261]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg. 2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs. 2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs. 2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22890991]: [Sch. 23A paras 2-2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) and cross-headings substituted for Sch. 23A para. 2 and cross-heading (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by Finance Act [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/10/1)
[^c22891451]: [Sch. 23A para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/c) extended (with effect in accordance with s. 24(15) of the extending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/13)
[^c22891411]: Words in [Sch. 23A para. 2(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6) repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/3), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c23824791]: [Sch. 23A para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) modified (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 134](https://www.legislation.gov.uk/ukpga/2006/25/section/134), [139(1)(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/139/1/2), [Sch. 17 para. 30](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/30) (as that affecting s. 139 is amended by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/1034/1), [Sch. 1 para. 621](https://www.legislation.gov.uk/ukpga/2006/25/schedule/1/paragraph/621), [Sch. 3 Pt.1](https://www.legislation.gov.uk/ukpga/2006/25/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2006/25/schedule/2)) and [S.I. 2009/2859](https://www.legislation.gov.uk/uksi/2009/2859), [arts. 1](https://www.legislation.gov.uk/uksi/2009/2859/article/1), [3](https://www.legislation.gov.uk/uksi/2009/2859/article/3))
[^c22892581]: [Sch. 23A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/2) substituted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/5)
[^c22892621]: [Sch. 23A para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/3/a) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/6), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22901351]: [Sch. 23A para. 2(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/4/5) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/a), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22892601]: Words in [Sch. 23A para. 2(6)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/a) inserted (with effect in accordance with [s. 102(10)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/10) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(7)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/7)
[^c22901361]: [Sch. 23A para. 2(6)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2/6/b) and preceding word repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/a), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22891011]: [Sch. 23A paras. 2-2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2) and cross-headings substituted for Sch. 23A para. 2 and cross-heading (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by Finance Act [1997 c. 16](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 10(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/10/1)
[^c21639321]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639331]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639341]: [Sch. 23A para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/1) applied (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg.2](https://www.legislation.gov.uk/uksi/1993/2004/regulation/2)
[^c21639351]: [Sch. 23A para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2) restricted (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg.5(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/5/1)
[^c21639361]: [Sch. 23A para. 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/3) restricted (1.10.1993) by [S.I. 1993/2004](https://www.legislation.gov.uk/uksi/1993/2004), [reg.7(1)](https://www.legislation.gov.uk/uksi/1993/2004/regulation/7/1) (as amended by [S.I. 2011/1787](https://www.legislation.gov.uk/uksi/2011/1787), [regs. 1](https://www.legislation.gov.uk/uksi/2011/1787/regulation/1), [7](https://www.legislation.gov.uk/uksi/2011/1787/regulation/7))
[^c22887831]: [Sch. 23A para. 4(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7A) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 124](https://www.legislation.gov.uk/ukpga/1994/9/section/124)
[^c22889731]: Words in [Sch. 23A para 4(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/3) substituted (with effect in accordance with [s. 159(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/4)
[^c22889751]: [Sch. 23A para 4(3A)(3B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/3A/3B) inserted (with effect in accordance with [s. 159(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/5)
[^c22889771]: Words in [Sch. 23A para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7) substituted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/6)
[^c22889851]: [Sch. 23A para. 4(7AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7AA) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/6)
[^c22889791]: [Sch. 23A para. 4(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/7A) repealed (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. 5(21)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/21), Note 2
[^c22889831]: [Sch. 23A para. 4(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/9) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 52(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/52/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22899521]: [Sch. 23A para. 4(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/8) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. 2(17)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/17)
[^c23824251]: [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c23824601]: [Sch. 23A para. 4(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/1A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(3)
[^c23824621]: Words in [Sch. 23A para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(4)(a)
[^c23824641]: Words in [Sch. 23A para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(4)(b)(i)
[^c23824661]: Words in [Sch. 23A para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(4)(b)(ii)
[^c23824691]: [Sch. 23A para. 4(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4/2A) inserted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(5)
[^c21639371]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in s. 58(3) in relation to payments made on or after such day as may be specified: 26.2.1992 specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); 30.6.1992 specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); 21.4.1993 specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs. 2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b),4)
[^c21639381]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22891071]: [Sch. 23A para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/5) repealed (with effect in accordance with Sch. 10 para. 16, Sch. 18 Pt. 6(10) Note 3 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 12](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/12), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21639391]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639401]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22891091]: [Sch. 23A para. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/6) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(a)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/a), [Sch 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c21639411]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639421]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22889971]: [Sch. 23A para. 7(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1A) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 52(7)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/52/7) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c22891111]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Notes 3, 4(e) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891191]: [Sch. 23A para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/2) repealed (with effect in accordance with Sch. 18 Pt. 6(10) Note 3(b) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891231]: Words in [Sch. 23A para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/a) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2(c) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(i)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/i), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891251]: [Sch. 23A para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3/b) repealed (with effect in accordance with Sch. 10 para. 7(2), Sch. 18 Pt. 6(10) Note 2(c) of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(ii)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/ii), [Sch. 18 Pt. 6(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891271]: Words in [Sch. 23A para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/3) substituted (with effect in accordance with [Sch. 10 para. 7(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/7/2) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 4(b)(iii)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/4/b/iii); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c23824711]: Words in [Sch. 23A para. 7(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/7/1) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 37(7)
[^c21639431]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para.1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c21639441]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) inserted by [Finance Act 1991 (c. 31, SIF 63:1)](https://www.legislation.gov.uk/ukpga/1991/31), [s. 58](https://www.legislation.gov.uk/ukpga/1991/31/section/58), [Sch. 13 para. 1](https://www.legislation.gov.uk/ukpga/1991/31/schedule/13/paragraph/1) (with effect as mentioned in [s. 58(3)](https://www.legislation.gov.uk/ukpga/1991/31/section/58/3) in relation to payments made on or after such day as may be specified: [26](https://www.legislation.gov.uk/ukpga/1991/31/section/26).[2](https://www.legislation.gov.uk/ukpga/1991/31/section/2).[1992](https://www.legislation.gov.uk/ukpga/1991/31/section/1992) specified for certain purposes by [S.I. 1992/173](https://www.legislation.gov.uk/uksi/1992/173), [reg.2](https://www.legislation.gov.uk/uksi/1992/173/regulation/2); [30](https://www.legislation.gov.uk/ukpga/1988/1/regulation/30).[6](https://www.legislation.gov.uk/ukpga/1988/1/regulation/6).[1992](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1992) specified for certain purposes by [S.I. 1992/1346](https://www.legislation.gov.uk/uksi/1992/1346), [regs.2](https://www.legislation.gov.uk/uksi/1992/1346/regulation/2), [3](https://www.legislation.gov.uk/uksi/1992/1346/regulation/3), [4](https://www.legislation.gov.uk/uksi/1992/1346/regulation/4); [21](https://www.legislation.gov.uk/ukpga/1988/1/regulation/21).[4](https://www.legislation.gov.uk/ukpga/1988/1/regulation/4).[1993](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1993) specified for certain purposes by [S.I. 1993/933](https://www.legislation.gov.uk/uksi/1993/933), [regs.2](https://www.legislation.gov.uk/uksi/1993/933/regulation/2), [3(b)](https://www.legislation.gov.uk/uksi/1993/933/regulation/3/b), [4](https://www.legislation.gov.uk/uksi/1993/933/regulation/4))
[^c22889991]: [Sch. 23A para. 8(1)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1/aa) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/7/a)
[^c22890031]: [Sch. 23A para. 8(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1A) inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 159(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/159/8)
[^c22891291]: Words in [Sch. 23A para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/1) substituted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891311]: Words in [Sch 23A para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2) substituted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/2); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891331]: [Sch. 23A para. 8(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/8/2A) inserted (with effect in accordance with [Sch. 10 para. 16](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/16) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 13(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/13/3); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), [art. 2](https://www.legislation.gov.uk/uksi/1997/991/article/2)
[^c22891351]: [Sch. 23A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 7 para. 7(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/7/3)
[^c22891431]: [Sch. 23A para. 2A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/2) repealed (with effect in accordance with s. 24(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 24(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/24/13), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 1
[^c22892731]: [Sch. 23A para. 2A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/3) repealed (with effect in accordance with s. 102(10) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 102(8)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/102/8/b), [Sch. 27 Pt. 3(24)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/24), Note
[^c22900751]: [Sch. 23A para. 2A(1A)(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A/1B) inserted (with effect in accordance with [s. 108(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 108(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/3)
[^c23824281]: [Sch. 23A para. 2A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1) substituted (with effect in accordance with [Sch. 24 para. 2(7)-(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/2)
[^c23824301]: [Sch. 23A para. 2A(1ZA)(1ZB)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1ZA/1ZB) inserted (with effect in accordance with [Sch. 24 para. 2(7)(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7/8/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/3)
[^c23824321]: Words in [Sch. 23A para. 2A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A) substituted (with effect in accordance with [Sch. 24 para. 2(9)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/9/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/4/a)
[^c23824461]: [Sch. 23A para. 2A(1A)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A/a) repealed (with effect in accordance with Sch. 24 para. 2(7)(8)(10) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/4/b), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16), Note 1
[^c23824481]: [Sch. 23A para. 2A(1A)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A/c) and preceding word repealed (with effect in accordance with Sch. 24 para. 2(11) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(4)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/4/c), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16), Note 2
[^c23824511]: Words in [Sch. 23A para. 2A(1A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1A) repealed (with effect in accordance with Sch. 24 para. 2(11) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(4)(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/4/d), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16), Note 2
[^c23824341]: Words in [Sch. 23A para. 2A(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B) substituted (with effect in accordance with [Sch. 24 para. 2(7)-(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/a)
[^c23824371]: Words in [Sch. 23A para. 2A(1B)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B/a) substituted (with effect in accordance with [Sch. 24 para. 2(7)(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7/8/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/b)
[^c23824391]: Word at the end of Sch. 23A para. 2A(1B)(a) inserted (with effect in accordance with [Sch. 24 para. 2(7)(8)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/7/8/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/b)
[^c23824411]: Words in [Sch. 23A para. 2A(1B)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B/b) substituted (with effect in accordance with [Sch. 24 para. 2(9)(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/9/10) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/c)
[^c23824531]: [Sch. 23A para. 2A(1B)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B/c) and preceding word repealed (with effect in accordance with Sch. 24 para. 2(11) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/d), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16), Note 2
[^c23824431]: Words in [Sch. 23A para. 2A(1B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/1B) substituted (with effect in accordance with [Sch. 24 para. 2(11)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/11) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(5)(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/5/e)
[^c23824561]: Words in [Sch. 23A para. 2A(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/4/a) repealed (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(6)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/6/a), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16)
[^c23824581]: Words in [Sch. 23A para. 2A(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/4/b) repealed (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 2(6)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/2/6/b), [Sch. 42 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/16)
[^c22891471]: [Sch. 23A para. 2B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2B) repealed (with effect in accordance with Sch. 6 para. 17(5) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 6 para. 17(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/6/paragraph/17/4), [Sch. 8 Pt. 2(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/11), Note
[^c22891511]: [Sch. 23A para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3/5) excluded (1.7.1997) by [The Manufactured Interest (Tax) Regulations 1997 (S. I. 1997/992)](https://www.legislation.gov.uk/uksi/1997/992), [regs. 1](https://www.legislation.gov.uk/uksi/1997/992/regulation/1), [4](https://www.legislation.gov.uk/uksi/1997/992/regulation/4)
[^c22891061]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c23824241]: [Sch. 23A paras. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/4) modified (with effect in accordance with s. 153(4) of the modifying Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/a)
[^c22900791]: Words in [s. 23A para. 3(2)(c)](https://www.legislation.gov.uk/ukpga/1988/1/section/23A/paragraph/3/2/c) added (with effect in accordance with [s. 108(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/7) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 108(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/4)
[^c22900811]: [Sch. 23A para 3(2A)(2B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3/2A/2B) inserted (with effect in accordance with [s. 108(7)](https://www.legislation.gov.uk/ukpga/2002/23/section/108/7) of the amending Act) by [Finance Act 2002 (c. 23, s. 108(5)](https://www.legislation.gov.uk/ukpga/2002/23)
[^c23824731]: Words in [Sch. 23A para. 2A(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/a) inserted (with effect in accordance with [Sch. 7 para. 6(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/2/a)
[^c23824751]: [Sch. 23A para. 2A(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/b) substituted (with effect in accordance with [Sch. 7 para. 6(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 6(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/2/b)
[^c23824771]: Word in [Sch. 23A para. 2A(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/2A/b) substituted (with effect in accordance with [Sch. 7 para. 6(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 6(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/6/3)
[^c22891531]: Word in [Sch. 23A para. 3A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/23A/paragraph/3A/2/a) substituted (with effect in accordance with [s. 37(8)-(13)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/8) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 37(7)](https://www.legislation.gov.uk/ukpga/1997/58/section/37/7)
[^c21633191]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633201]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633211]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633221]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633231]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633241]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633251]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633261]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633271]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633281]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633291]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633301]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633311]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633321]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633331]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633341]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633351]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633361]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633371]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c21633381]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633391]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633401]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633411]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633421]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633431]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633441]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633451]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21633461]: [Sch. 6A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/6A) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 73](https://www.legislation.gov.uk/ukpga/1993/34/section/73), [Sch. 4 paras.7](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/7), [8](https://www.legislation.gov.uk/ukpga/1993/34/schedule/4/paragraph/8)
[^c21635381]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635391]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635401]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635411]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635421]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635431]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635441]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635451]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635461]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635471]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635481]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635491]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635501]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635511]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635521]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635531]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635541]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635551]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635561]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635571]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635581]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635591]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635601]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635611]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635621]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635631]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635641]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635651]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635661]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635671]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635681]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635691]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635701]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635711]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635721]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635731]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635741]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635751]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635761]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635771]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635781]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635791]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635801]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635811]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635821]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635831]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635841]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635851]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635861]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635871]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635881]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635891]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635901]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635911]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635921]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635931]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635941]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21635951]: [Sch. 11A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11A) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 76](https://www.legislation.gov.uk/ukpga/1993/34/section/76), [Sch. 5 para.2](https://www.legislation.gov.uk/ukpga/1993/34/schedule/5/paragraph/2)
[^c21638381]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c21638391]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22768271]: [Sch. 19AC para. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/2) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/2), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c21638401]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765791]: [Sch. 19AC para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/3/4) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769161]: Words in [Sch. 19AC para. 3(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/3/2/3) substituted (1.12.2001 with effect in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/i)
[^c21638411]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765811]: [Sch. 19AC para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/2) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769181]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/a)
[^c22769201]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/b)
[^c22769221]: Words in [Sch. 19AC para. 4(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4/1) substituted (1.12.2001 with effect in accordance with arts. 1(2)(a), 49(5) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(2)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/2/c)
[^c21638431]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22769571]: [Sch. 19AC para. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5) modified (23.3.1999 with effect in accordance with reg. 1 of the modifying S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 3](https://www.legislation.gov.uk/uksi/1999/498/regulation/3), [8](https://www.legislation.gov.uk/uksi/1999/498/regulation/8)
[^c23822921]: [Sch. 19AC paras. 5](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5), [5ZA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5ZA) substituted for para. 5 (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 36(2)
[^c21638441]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765851]: [Sch. 19AC para. 6(3)(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/3/4) repealed (with effect in accordance with Sch. 8 para. 55(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 37](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/37), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22766141]: [Sch. 19AC para. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/4A) inserted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 35(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/35/3)
[^c22776901]: [Sch. 19AC para. 6(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/6) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22769291]: Words in [Sch. 19AC para. 6(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/1/a) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/ii)
[^c22769301]: Words in [Sch. 19AC para. 6(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/6/1/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(i)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/i)
[^c21638451]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766961]: [Sch. 19AC para. 7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 39](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/39)
[^c22768591]: Words in [Sch. 19AC para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/3/b) substituted (with effect in accordance with [s. 109(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(c)(i)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/c/i)
[^c22768611]: [Sch. 19AC para. 7(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/3/c) repealed (with effect in accordance with s. 109(10) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 109(9)(c)(ii)](https://www.legislation.gov.uk/ukpga/2000/17/section/109/9/c/ii), [Sch. 40 Pt. 2(16)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/16), Note 1
[^c22769311]: Words in [Sch.19AC para. 7(2)(a)(3)(a)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/7/2/a/3/a/b) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(ii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/ii)
[^c21638461]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766161]: Words in [Sch. 19AC para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/2/a)
[^c22766181]: Words in [Sch. 19AC para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(2)(b)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/2/b)
[^c22766201]: Words in [Sch. 19AC para. 8(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/2) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/3)
[^c22766221]: [Sch. 19AC para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/3) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 40(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/40/4)
[^c22765911]: [Sch. 19AC para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/8/4) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638471]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22765931]: [Sch. 19AC para. 9(2)(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/2/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768371]: [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) substituted (with effect in accordance with [Sch. 3 para. 13(15)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/6)
[^c22768751]: [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) modified by [The Individual Savings Account (Insurance Companies) Regulations 1998 (S.I. 1998/1871)](https://www.legislation.gov.uk/uksi/1998/1871), [reg. 21A](https://www.legislation.gov.uk/uksi/1998/1871/regulation/21A) (as inserted (22.8.2000) by [The Individual Savings Account (Insurance Companies) (Amendment) Regulations 2000 (S.I. 2000/2075)](https://www.legislation.gov.uk/uksi/2000/2075), [reg. 5](https://www.legislation.gov.uk/uksi/2000/2075/regulation/5))
[^c22801301]: [Sch. 19AC para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9) modified (31.7.1997) by 1992 (c. xx), s. 65(2)(ab) (as inserted) by Finance Act [1997 No. 2](https://www.legislation.gov.uk/ukcm/1997/2) (c. 58), Sch. 3 para. 15
[^c22768391]: Words in [Sch. 19AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9/1) repealed (with effect in accordance with Sch. 4 para. 29(4), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 29(2)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/29/2), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22777081]: [Sch. 19AC para. 10](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10) repealed (with effect in accordance with Sch. 3 para. 13(14)(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(8)(9)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/8/9), [Sch. 8 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/4), Note
[^c21638491]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766611]: [Sch. 19AC para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/1) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 45(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/2)
[^c22765981]: [Sch. 19AC para. 11(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/2) repealed (with effect in accordance with Sch. 8 para. 55(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 Para. 45(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/3), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 1
[^c22766631]: Words in [Sch. 19AC para. 11(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/5) substituted (with effect in accordance with [Sch. 8 para. 57(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/57/1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 8 para. 45(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/8/paragraph/45/4)
[^c22777091]: [Sch. 19AC para. 11(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11/6) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638501]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766011]: [Sch. 19AC para. 12(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/12/2) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768531]: [Sch. 19AC para. 12(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/12/1) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(12)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/12), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c21638511]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766031]: [Sch. 19AC para. 13(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c22768671]: [Sch. 19AC para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/1) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/a), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22768631]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/b)
[^c22768691]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) repealed (with effect in accordance with Sch. 30 para. 4(14) of the repealing Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/c), [Sch. 40 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/2/13), Note
[^c22768651]: Words in [Sch. 19AC para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/13/2) substituted (with effect in accordance with [Sch. 30 para. 4(14)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/14) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 30 para. 4(13)(d)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/30/paragraph/4/13/d)
[^c21638521]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22766051]: [Sch. 19AC para. 14(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14/3) repealed (with effect in accordance with Sch. 8 para. 57(1) of the repealing Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. 8(5)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/8/5), Note 2
[^c21638531]: [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1)
[^c22769491]: [Sch. 19AC para. 15](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/15) repealed (with effect in accordance with s. 87 of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(12)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/12), Note
[^c22769241]: Words in [Sch. 19AC para. 4A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/a)
[^c22769531]: Words in [Sch. 19AC para. 4A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/2) substituted 1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/b)
[^c22769541]: [Sch. 19AC para. 4A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/4A/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(3)(c)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/3/c)
[^c22769561]: O.J. No. L360, 9.12.1992, pp. 1-27.
[^c22768311]: [Sch. 19AC para. 5A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5A/3) inserted (with effect in accordance with [Sch. 3 para. 13(15)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/15) of the amending Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(4)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/4)
[^c22768331]: [Sch. 19AC para. 5B(1)-(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5B/1) repealed (with effect in accordance with Sch. 3 para. 13(14)(16) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(5)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/5), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22767591]: [Sch. 19AC para. 5C(2)-(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/5C/2) substituted for Sch. 19AC para. 5C(2) (with effect in accordance with [s. 154(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/154/9) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 28 para. 5](https://www.legislation.gov.uk/ukpga/1996/8/schedule/28/paragraph/5)
[^c22768411]: [Sch. 19AC para. 9A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9A) repealed (with effect in accordance with Sch. 3 para. 13(14) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(7)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/7), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22767811]: Words in [Sch. 19AC para. 9B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9B) substituted (with effect in accordance with [s. 67(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/7) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 67(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/67/5)
[^c22769401]: [Sch. 19AC para. 9C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/9C) repealed (with effect in accordance with s. 579(1) of the repealing Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 64(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/64/1), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22768451]: [Sch. 19AC para. 10A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10A) repealed (with effect in accordance with Sch. 3 para. 13(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para. 13(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/10), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22769441]: Words in [Sch. 19AC para. 10AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10AA) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/4)
[^c22768731]: [Sch. 19AC para. 10B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10B/2A) inserted (with effect in accordance with [s. 75(6)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/75/6/a) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 75(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/75/4)
[^c22769471]: Words in [Sch. 19AC para. 10B(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10B/2A) substituted (with effect in accordance with [s. 579(1)](https://www.legislation.gov.uk/ukpga/2001/2/section/579/1) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 64(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/64/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/2/schedule/3))
[^c22769341]: Words in [Sch. 19AC para. 10C(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10C/1) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/iii)
[^c22769351]: Words in [Sch. 19AC para. 10C(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/10C/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(iii)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/iii)
[^c22768491]: [Sch. 19AC para. 11A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11A/1) repealed (with effect in accordance with Sch. 3 para. 13(15) of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 3 para 13(11)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/13/11), [Sch. 8 Pt. 2(6)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/6), Note
[^c22768501]: [Sch. 19AC para. 11A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11A/2) repealed (with effect in accordance with Sch. 4 para. 29(4), Sch. 8 Pt. 2(10) Note of the repealing Act) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [Sch. 4 para. 29(3)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/4/paragraph/29/3), [Sch. 8 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/10)
[^c22769461]: Words in [Sch. 19AC para. 11C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/11C) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending Order) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 49(4)](https://www.legislation.gov.uk/uksi/2001/3629/article/49/4)
[^c22768941]: Word in [Sch.19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) repealed (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 5(2)(a)](https://www.legislation.gov.uk/uksi/2000/2188/article/5/2/a)
[^c22768961]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) inserted (1.9.2000 with effect in accordance with art. 1 of the amending S.I.) by [The Overseas Life Assurance Fund (Amendment) Order 2000 (S.I. 2000/2188)](https://www.legislation.gov.uk/uksi/2000/2188), [art. 5(2)(b)](https://www.legislation.gov.uk/uksi/2000/2188/article/5/2/b)
[^c22769361]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(1)(l)(iv)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/1/l/iv)
[^c22769381]: Words in [Sch. 19AC para. 14A(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC/paragraph/14A/2) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 52(2)(o)(iv)](https://www.legislation.gov.uk/uksi/2001/3629/article/52/2/o/iv)
[^c23822961]: This section was inserted by section 149 of the Finance Act 2003.
[^c23821231]: Word in [Sch. 15A para. 2(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/2/1/a) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 120(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/120/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c23821251]: [Sch. 15A para. 2(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/2/2) substituted (6.4.2003 with effect in accordance with [s. 723(1)](https://www.legislation.gov.uk/ukpga/2003/1/section/723/1) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [Sch. 6 para. 120(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/120/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^c22783901]: Words in [Sch. 15A para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/3) substituted (1.12.2001 in accordance with art. 1(2)(a) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [art. 48](https://www.legislation.gov.uk/uksi/2001/3629/article/48)
[^c15675031]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c22783921]: [Sch. 15B para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/7) repealed (with effect in accordance with Sch. 16 para. 3(2) of the repealing Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 3(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/3/1), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3), Note 4
[^c23821431]: [Sch. 15B para. 1(6)(da)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/6/da) inserted (23.1.2003) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 57(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/57/3), [Sch. 17 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/17/paragraph/3); [S.I. 2003/88](https://www.legislation.gov.uk/uksi/2003/88), [art. 2](https://www.legislation.gov.uk/uksi/2003/88/article/2)
[^c23821451]: [Sch. 15B para. 1(10)(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/10/11) inserted (with effect in accordance with [s. 195(12)](https://www.legislation.gov.uk/ukpga/2003/14/section/195/12) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 40 para. 1](https://www.legislation.gov.uk/ukpga/2003/14/schedule/40/paragraph/1); [S.I. 2003/3077](https://www.legislation.gov.uk/uksi/2003/3077), [art. 2](https://www.legislation.gov.uk/uksi/2003/3077/article/2)
[^c23821471]: Words in [Sch. 15B para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/3) substituted (with effect in accordance with [Sch. 19 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 1](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/1)
[^c23821491]: [Sch. 15B para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/1/5/a) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 94(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/94/1)
[^c22783941]: Words in [Sch. 15B para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/2/3) substituted (with effect in accordance with [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 1(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/1/2)
[^c22784001]: [Sch. 15B para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3): power to exclude conferred (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 33 paras. 8](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/8), [9(1)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/9/1/b), [10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/33/paragraph/10)
[^c22783961]: Words in [Sch. 15B para. 3(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/1/b) substituted (with effect in accordance with [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 1(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/1/3)
[^c23821521]: [Sch. 15B para. 3(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/4) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 94(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/94/2)
[^c23821531]: [Sch. 15B para. 3(9)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/9) modified (17.9.2004 with effect in accordance with reg. 1(2)(a) of the modifying S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2004/2199/regulation/4)
[^c23821541]: Words in [Sch. 15B para. 3(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/5) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [102(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/102/a)
[^c23821561]: Words in [Sch. 15B para. 3(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/3/6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [102(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/102/b)
[^c23821641]: Words in [Sch. 15B para. 4(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/4/1/2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 346(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/346/2), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c22783931]: Word in [Sch. 15B para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/6/1) repealed (with effect in accordance with s. 73(6) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/1/b), [Sch. 27 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/13), Note 1
[^c22783981]: Word in [Sch. 15B para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/15B/paragraph/6/1) substituted (with effect in accordance with [Sch. 18 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 1(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/1/4)
[^c22734821]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c23316661]: [Sch. 28A para. 6(da)-(dd)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/da) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316981]: Words in [Sch. 28A para. 6(da)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/da) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(a)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/a/4)
[^c23317041]: Words in [Sch. 28A para. 6(db)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/db) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(b)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/b/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23317021]: Words in [Sch. 28A para. 6(dc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/dc) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(c)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/c/4)
[^c23317221]: Words in [Sch. 28A para. 6(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/d) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 67(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/67/1)
[^c23317861]: Words in [Sch. 28A para. 6(dc)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/dc) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/2)
[^c23317831]: [Sch. 28A para. 6(de)(df)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/de/df) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/4)
[^c23830791]: Words in [Sch. 28A para. 6(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/a) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(2)
[^c23830811]: Words in [Sch. 28A para. 6(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/c) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(3)
[^c23830831]: Words in [Sch. 28A para. 6(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/6/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(4)
[^c23316701]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317081]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(d)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/d/4)
[^c23316741]: Words in [Sch. 28A para. 7(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/c) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316761]: [Sch. 28A para. 7(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(3)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/3/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23318201]: Word preceding Sch. 28A para. 7(1)(d)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/3), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318161]: [Sch. 28A para. 7(1)(d)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d/iv) and preceding word inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/3)
[^c23318221]: Word preceding Sch. 28A para. 7(1)(e)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/4), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23317921]: [Sch. 28A para. 7(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/g/h) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/5)
[^c23318241]: [Sch. 28A para. 7(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/5), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23830701]: Words in [Sch. 28A para. 7(1)(d)(ii)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/d/ii/e/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830851]: [Sch. 28A para. 7(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/a/aa) substituted for para. 7(1)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(5)
[^c23830871]: [Sch. 28A para. 7(1)(e)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/e/iii) and preceding word substituted for para. 7(1)(e)(iii)(iv) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(6)
[^c23831031]: Words in [Sch. 28A para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/7/1/b) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/4)
[^c23316801]: [Sch. 28A para. 13(1)(ea)-(ed)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ea) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/5) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317121]: Words in [Sch. 28A para. 13(1)(ea)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ea) inserted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(f)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/f/4)
[^c23317161]: Words in [Sch. 28A para. 13(1)(eb)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/eb) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(g)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/g/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23317141]: Words in [Sch. 28A para. 13(1)(ec)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ec) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(h)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/h/4)
[^c23317261]: Words in [Sch. 28A para. 13(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/e) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 67(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/67/2)
[^c23318511]: Words in [Sch. 28A para. 13(1)(ec)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ec) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/7)
[^c23317951]: [Sch. 28A para. 13(1)(ee)(ef)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/ee/ef) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/6)
[^c23830911]: Words in [Sch. 28A para. 13(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/b) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(a)
[^c23830931]: Words in [Sch. 28A para. 13(1)(d)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/d) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(b)
[^c23830951]: Words in [Sch. 28A para. 13(1)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/13/1/e) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(8)(c)
[^c23316881]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/a) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23317201]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) substituted (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(i)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/i/4)
[^c23316901]: Words in [Sch. 28A para. 16(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/c) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/b) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23316921]: [Sch. 28A para. 16(1)(d)-(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d) inserted (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 54(7)(c)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/54/7/c) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^c23318661]: Word preceding Sch. 28A para. 16(1)(d)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/8), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318621]: [Sch. 28A para. 16(1)(d)(iv)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d/iv) and preceding word inserted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(8)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/8)
[^c23318681]: Word preceding Sch. 28A para. 16(1)(e)(iii) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/9), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23318001]: [Sch. 28A para. 16(1)(g)(h)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/g/h) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 30 para. 4(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/30/paragraph/4/7)
[^c23318701]: [Sch. 28A para. 16(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/2) repealed (with effect in accordance with s. 82(2) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/10), [Sch. 40 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/12), Note
[^c23830761]: Words in [Sch. 28A para. 16(1)(d)(ii)(e)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/d/ii/e/ii) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830971]: [Sch. 28A para. 16(1)(a)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/a/aa) substituted for para. 16(1)(a) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(9)
[^c23830991]: [Sch. 28A para. 16(1)(e)(iii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/e/iii) and preceding word substituted for para. 16(1)(e)(iii)(iv) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(10)
[^c23831091]: Words in [Sch. 28A para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/16/1/b) inserted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/7)
[^c23830781]: [Sch. 28A](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 43(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/43/7)
[^c23317101]: [Sch. 28A para. 11(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/2/a) repealed (retrospectively) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 82(3)(e)(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/82/3/e/4), [Sch. 27 Pt. 3(17)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/17), Note
[^c23318601]: Words in [Sch. 28A para. 11(1)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/c) substituted (with effect in accordance with [s. 82(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/82/2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 58(6)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/58/6/b)
[^c23830731]: Words in [Sch. 28A para. 11(1)(a)(3)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/a/3/c) substituted (with effect in accordance with [s. 52(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/52/3) of the amending Act (as amended (retrospectively) by [2005 c. 7](https://www.legislation.gov.uk/ukpga/2005/7), [Sch. 4 para. 50](https://www.legislation.gov.uk/ukpga/2005/7/schedule/4/paragraph/50), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/7)) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 10 para. 45](https://www.legislation.gov.uk/ukpga/2004/12/schedule/10/paragraph/45)
[^c23830891]: [Sch. 28A para. 11(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/paragraph/11/1/b) substituted for para. 11(1)(b)(bb) (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 39(7)
[^c23831111]: [Sch. 28A Pt. 4](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28A/part/4) title substituted (with effect in accordance with [Sch. 7 para. 3(9)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 3(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/3/8)
[^c22807531]: [Sch. 28B para. 3(2)(aa)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/2/aa) and preceding word substituted for para. 2(2)(b)(c) (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 2(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/2/1)
[^c22807551]: [Sch. 28B para. 3(6)-(11)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/6) inserted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 2(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/2/2)
[^c22807591]: Words in [Sch. 28B para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3) inserted (with effect in accordance with [s. 73(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/3)
[^c22807611]: Words in [Sch. 28B para. 3(8)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/8/a) substituted (with effect in accordance with [Sch. 16 para. 1(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/1/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 1(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/1/1)
[^c23835721]: Words in [Sch. 28B para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/i)
[^c23835731]: Words in [Sch. 28B para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(ii)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/ii/a)
[^c23835741]: Words in [Sch. 28B para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3/b) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(ii)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/ii/b)
[^c23835751]: Words in [Sch. 28B para. 3(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/3) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(a)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/a/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835761]: Words in [Sch. 28B para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/4/a) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/b/i)
[^c23835771]: Words in [Sch. 28B para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/4/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/b/ii)
[^c23835781]: [Sch. 28B para. 3(5A)(5B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/5A/5B) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 9(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/9/c)
[^c23835791]: Words in [Sch. 28B para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/3/8/b) substituted (with effect in accordance with [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/2) (with [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/6))
[^c22807631]: Words in [Sch. 28B para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/7) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/3)
[^c22807641]: [Sch. 28B para. 4(2)(ea)-(ee)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/2/ea) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/1)
[^c22807661]: Words in [Sch. 28B para. 4(2)(f)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/2/f) substituted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/2)
[^c22807681]: [Sch. 28B para. 4(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/3A) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 3(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/3/3)
[^c22807701]: [Sch. 28B para. 4(5)-(6D)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/5) substituted for para. 4(5)(6) (with effect in accordance with [Sch. 18 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/5/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 5(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/5/1)
[^c22807721]: Words in [Sch. 28B para. 4(6B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/6B) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(4)(a)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/4/a)
[^c22807731]: Words in [Sch. 28B para. 4(6B)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/6B) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^c23835441]: Words in [Sch. 28B para. 4(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/4/7) substituted (with effect in accordance with [Sch. 27 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/3) (with [Sch. 27 para. 5(6)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/6))
[^c22808151]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "nursing home" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/1)
[^c22808171]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "property development" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/2)
[^c22808191]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "residential care home" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/3)
[^c22808231]: [Sch. 28B para. 5(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/5): definition of "interest in land" inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/4)
[^c22808251]: [Sch. 28B para. 5(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/6/7) inserted (with effect in accordance with [Sch. 12 para. 5(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/5/2/3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 12 para. 4(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/12/paragraph/4/5)
[^c22808271]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "research and development" substituted (with effect in accordance with [Sch. 18 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 18 para. 6(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/1) (with [Sch. 18 para. 6(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/18/paragraph/6/3))
[^c23835461]: [Sch. 28B para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/5/1): definition of "oil rig" repealed (with effect in accordance with Sch. 27 para. 5(5) of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 27 para. 5(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/27/paragraph/5/4), [Sch. 42 Pt. 2(19)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/19), Note 2 (with Sch. 27 para. 5(6))
[^c22808291]: [Sch. 28B para. 6(2A)-(2C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2A) inserted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/4)
[^c22808351]: [Sch. 28B para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/5) inserted (with effect in accordance with [s. 73(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/4)
[^c22808391]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808371]: [Sch. 28B para. 6(1)(2)(2AA)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/1/2/2AA) substituted for para. 6(1)(2) (with effect in accordance with [Sch. 16 para. 2(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/2/2) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 16 para. 2(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/16/paragraph/2/1)
[^c23835181]: Words in [Sch. 28B para. 6(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/1/a/ii) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/a)
[^c23835201]: Words in [Sch. 28B para. 6(2AA)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2AA/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/b)
[^c23835221]: [Sch. 28B para. 6(2AB)-(2AH)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/2AB) substituted for para. 6(2A)-(2C)(with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/c)
[^c23835501]: [Sch. 28B para. 6(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6/5) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 11(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/11/d), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c22808401]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808441]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808411]: Words in [Sch. 28B para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/8/1) substituted (with effect in accordance with [s. 73(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 73(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/73/5)
[^c22808471]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22808451]: Words in [Sch. 28B para. 9(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/9/1) repealed (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/2/a), [Sch. 41 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/22), Note
[^c22808461]: [Sch. 28B para. 9(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/9/2) repealed (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/2/b), [Sch. 41 Pt. 5(22)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/5/22), Note
[^c22809491]: Words in [Sch. 28B para. 10(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/1) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/1)
[^c22809511]: [Sch. 28B para. 10(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/2) repealed (with effect in accordance with Sch. 9 para. 6 of the repealing Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/2), [Sch. 18 Pt. 6(9)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/6/9), Note
[^c22809531]: Words in [Sch. 28B para. 10(4)(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/5) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/3)
[^c22809561]: Words in [Sch. 28B para. 10(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/a) substituted (with effect in accordance with [Sch. 9 para. 6](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 9 para. 5(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/9/paragraph/5/4)
[^c23835521]: [Sch. 28B para. 10(3)(a)-(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835241]: [Sch. 28B para. 10(3)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/ca) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/b)
[^c23835261]: Words in [Sch. 28B para. 10(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/3/e) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/c)
[^c23835281]: Words in [Sch. 28B para. 10(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/i)
[^c23835541]: Words in [Sch. 28B para. 10(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/ii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835561]: Word in [Sch. 28B para. 10(4)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/iii), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835581]: Word in [Sch. 28B para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/b) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/iv), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835301]: Words in [Sch. 28B para. 10(4)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(d)(v)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/d/v)
[^c23835321]: [Sch. 28B para. 10(4A)-(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/4A) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/e)
[^c23835601]: Words in [Sch. 28B para. 10(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/5) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(f)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/f/i), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835341]: Words in [Sch. 28B para. 10(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/5) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(f)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/f/ii)
[^c23835621]: [Sch. 28B para. 10(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10/6) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 12(g)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/12/g), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835641]: Words in [Sch. 28B para. 11](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835661]: Word in [Sch. 28B para. 11(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/a) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/b), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835681]: Word in [Sch. 28B para. 11(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/b) repealed (with effect in accordance with Sch. 19 para. 16 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/c), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13), Note 2
[^c23835381]: Words in [Sch. 28B para. 11(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11/b) substituted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 14(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/14/d)
[^c22809591]: Words in [Sch. 28B para. 12(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/12/a) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 70(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/70/3)
[^c15675021]: [1985 c. 6](https://www.legislation.gov.uk/ukpga/1985/6).
[^c22809611]: [Sch. 28B para. 13(2)-(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/2) substituted for para. 13(2)(3) (retrospectively) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 161(1)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/161/1/3)
[^c22809651]: [Sch. 28B para. 13(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/5/b) and preceding word repealed (2.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 25(3)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/25/3/8), [Sch. 8 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/1997/58/schedule/8/part/2/8), Note 3
[^c22809631]: [Sch. 28B para. 13(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/6) inserted (2.7.1997) by [Finance (No. 2) Act 1997 (c. 58)](https://www.legislation.gov.uk/ukpga/1997/58), [s. 25(4)(8)](https://www.legislation.gov.uk/ukpga/1997/58/section/25/4/8)
[^c22809671]: Words in [Sch. 28B para. 13(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/13/1) inserted (16.6.1999 with effect in accordance with [s. 69(5)(a)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/5/a) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 69(3)(5)(b)](https://www.legislation.gov.uk/ukpga/1999/16/section/69/3/5/b)
[^c22809481]: [Sch. 28B para. 10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 72(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/72/5)
[^c22809471]: [Sch. 28B paras. 6-9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/6), [10B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/10B) modified (13.11.2002 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Venture Capital Trust (Exchange of Shares and Securities) Regulations 2002 (S.I. 2002/2661)](https://www.legislation.gov.uk/uksi/2002/2661), [regs. 7-9](https://www.legislation.gov.uk/uksi/2002/2661/regulation/7), [11](https://www.legislation.gov.uk/uksi/2002/2661/regulation/11)
[^c22809451]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c22809461]: [S.I. 1989/2405 (N.I. 19)](https://www.legislation.gov.uk/nisi/1989/2405).
[^c23835001]: [Sch. 28B para. 11A(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/2/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 19(a)](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/19/a) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23835021]: Words in [Sch. 28B para. 11A(3)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/3/a) substituted (15.9.2003) by [The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096)](https://www.legislation.gov.uk/uksi/2003/2096), [art. 1(1)](https://www.legislation.gov.uk/uksi/2003/2096/article/1/1), [Sch. para. 19(b)](https://www.legislation.gov.uk/uksi/2003/2096/schedule/paragraph/19/b) (with [art. 6](https://www.legislation.gov.uk/uksi/2003/2096/article/6))
[^c23835401]: Word in [Sch. 28B para. 11A(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B/paragraph/11A/1) inserted (with effect in accordance with [Sch. 19 para. 16](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/16) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 15](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/15)
[^c23835701]: [Sch. 28B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B) applied (17.9.2004 with effect in accordance with reg. 1(2)(b) of the affecting S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [12(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/12/1)
[^c23835711]: [Sch. 28B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28B) modified (17.9.2004 with effect in accordance with reg. 1(2)(b) of the modifying S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [13(5)(6)(8)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/13/5/6/8)
[^c22779561]: Words in [Sch. 13A para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/5/1) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/2); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779581]: [Sch. 13A para. 5(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/5/2) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/3); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779601]: Words in [Sch. 13A para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/1) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 50(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/4), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779641]: Words in [Sch. 13A para. 14(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/6) substituted (with effect in accordance with [s. 117(4)(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/117/4/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para. 50(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/5); [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22779621]: Words in [Sch. 13A para. 14(8)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13A/paragraph/14/8) repealed (with effect in accordance with s. 117(4)(5) of the repealing Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 19 para 50(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/19/paragraph/50/6), [Sch. 27 Pt. 3(28)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/3/28), Note; [S.I. 1998/3173](https://www.legislation.gov.uk/uksi/1998/3173), [art. 2](https://www.legislation.gov.uk/uksi/1998/3173/article/2)
[^c22777321]: [Sch. 5AA para. 1(6)(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/6/7) modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 80(7)](https://www.legislation.gov.uk/ukpga/1997/16/section/80/7)
[^c22777411]: [Sch. 5AA para. 1(2)(b)(c)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/2/b/c) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/a), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777481]: [Sch. 5AA para. 1(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/3) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/b), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777451]: Words in [Sch. 5AA para. 1(5)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/5) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/c), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777461]: Words in [Sch. 5AA para. 1(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/6) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(d)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/d), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777471]: [Sch. 5AA para. 1(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/1/7) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(2)(e)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/2/e), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777491]: [Sch. 5AA para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/2/3) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/2)
[^c22777571]: [Sch. 5AA para. 2(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/2/3) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/3), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777351]: Words in [Sch. 5AA para. 4(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/6) inserted (with effect in accordance with [s. 99(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/99/5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 99(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/99/4)
[^c22777511]: [Sch. 5AA para. 4(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/4A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/3)
[^c22777581]: [Sch. 5AA para. 4(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4/4A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/4), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777551]: [Sch. 5AA para. 6(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/6/3A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/5)
[^c22777611]: [Sch. 5AA para. 6(3A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/6/3A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/6), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777621]: [Sch. 5AA para. 9](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/9) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/7), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777531]: [Sch. 5AA para. 4A(10A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/10A) inserted (with effect in accordance with [s. 78(6)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 78(4)](https://www.legislation.gov.uk/ukpga/2002/23/section/78/4)
[^c22777591]: Words in [Sch. 5AA para. 4A(5)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/5/b) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/5/a), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22777601]: [Sch. 5AA para. 4A(10A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/5AA/paragraph/4A/10A) repealed (with effect in accordance with s. 83(3) of the repealing Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/14/5/b), [Sch. 40 Pt. 3(13)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/13), Note (with Sch. 28)
[^c22747131]: Words in [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/11/paragraph/6/2) substituted (17.6.2002) by [International Development Act 2002 (c. 1)](https://www.legislation.gov.uk/ukpga/2002/1), [ss. 19(1)](https://www.legislation.gov.uk/ukpga/2002/1/section/19/1), [20(2)](https://www.legislation.gov.uk/ukpga/2002/1/section/20/2), [Sch. 3 para. 10](https://www.legislation.gov.uk/ukpga/2002/1/schedule/3/paragraph/10) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2002/1/schedule/5)); [S.I. 2002/1408](https://www.legislation.gov.uk/uksi/2002/1408), [art. 2](https://www.legislation.gov.uk/uksi/2002/1408/article/2)
[^c22747111]: [1974 c.30](https://www.legislation.gov.uk/ukpga/1974/30).
[^c22747121]: [1977 c.36](https://www.legislation.gov.uk/ukpga/1977/36).
[^c22778281]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778291]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778301]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778311]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778321]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778331]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778341]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778351]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778361]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778371]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778381]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778391]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c22778401]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (with effect in accordance with reg. 1(2) of the 2001 affecting S.I.) by [The Social Security (Contributions) Regulations 1979 (S.I. 1979/591)](https://www.legislation.gov.uk/uksi/1979/591), [Sch. 1ZC Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/1979/591/schedule/1ZC/part/8/paragraph/3) (as inserted by [The Social Security (Contributions) (Amendment No. 3) Regulations 2001 (S.I. 2001/596)](https://www.legislation.gov.uk/uksi/2001/596), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/596/schedule/2))
[^c22778411]: [Sch. 12A paras. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/1/2), [2-7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/12A/paragraph/2) applied (6.4.2001 in accordance with reg. 1(1) of the affecting S.I.) by [The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004)](https://www.legislation.gov.uk/uksi/2001/1004), [Sch. 3 Pt. 8 para. 3](https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/8/paragraph/3)
[^c23316401]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 58(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/58/1) (as amended by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37), [Sch. 5 para. 12](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/12)) (with Sch. 22 para. 58(3))
[^c23316411]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied (with modifications) (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 59(1)(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/59/1/2) (as amended by [2004 c. 12](https://www.legislation.gov.uk/ukpga/2004/12), [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37), [Sch. 5 para. 13](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/13)) (with Sch. 22 para. 59(4))
[^c23316421]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 100](https://www.legislation.gov.uk/ukpga/1996/8/section/100) (as substituted (with effect in accordance with s. 79(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 6](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/6) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c23316431]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11A(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11A/1) (as inserted (with effect in accordance with s. 79(3) of the 2002 amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 11](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/11) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25)))
[^c23833991]: Words in [Sch. 28AA para. 1(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/1/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/2)
[^c23834871]: [Sch. 28AA para. 3](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/3) applied (with effect in accordance with Sch. 17 para. 13 of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 17 para. 12(5)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/17/paragraph/12/5)
[^c23834201]: Words in [Sch. 28AA para. 4(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/2) substituted (with effect in accordance with [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 8 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/1/2)
[^c23834321]: Words in [Sch. 28AA para. 4(11)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/4/11/a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [103](https://www.legislation.gov.uk/uksi/2005/3229/regulation/103)
[^c23834001]: Words in [Sch. 28AA para. 5(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/1) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/a), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834011]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834021]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834031]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834041]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834051]: [Sch. 28AA para. 5(2)-(6)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834061]: [Sch. 28AA para. 5(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5/7) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(2)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/2/c)
[^c23316441]: [Sch. 28AA paras. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 87(1)-(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/1) (with [s. 87(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/4))
[^c23316461]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "relevant notice", para. (a) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/3/a)
[^c23316481]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "relevant notice", words in para. (e) substituted (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/3/b)
[^c23316501]: [Sch. 28AA para. 6(7)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/7): in definition of "voluntary amendment", paras. (a)(b) substituted for words (with effect in accordance with [s. 88(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/88/3) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 29 para. 35(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/29/paragraph/35/4)
[^c23834071]: [Sch. 28AA para. 6(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/1) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/4)
[^c23834081]: Word in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(a)(i)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/a/i)
[^c23834091]: Words in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 35(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/35/2)
[^c23834101]: Words in [Sch. 28AA para. 6(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(a)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/a/ii)
[^c23834111]: Words in [Sch. 28AA para. 6(2)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/2/a) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/5/b)
[^c23834261]: [Sch. 28AA para. 6(4A)-(4C)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6/4A) inserted (with effect in accordance with [Sch. 8 para. 4](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 8 para. 1(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/8/paragraph/1/5)
[^c23316451]: [Sch. 28AA paras. 6](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6), [7](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 87(1)-(3)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/1) (with [s. 87(4)](https://www.legislation.gov.uk/ukpga/1999/16/section/87/4))
[^c23316521]: Words in [Sch. 28AA para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/2/a) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316581]: Words in [Sch. 28AA para. 8(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(2)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/2/a) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23316541]: [Sch. 28AA para. 8(1)(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1/a) substituted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/2/b) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316601]: [Sch. 28AA para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/1/b) substituted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(2)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/2/b) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23316561]: [Sch. 28AA para. 8(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/3) substituted for para. 8(2) (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 21(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/21/3) (with [s. 81(4)(5)](https://www.legislation.gov.uk/ukpga/2002/23/section/81/4/5), [Sch. 23 para. 25](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/25))
[^c23316621]: [Sch. 28AA para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/8/4) inserted (with effect in accordance with [s. 83(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/83/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 27 para. 15(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/27/paragraph/15/3) (with [Sch. 28](https://www.legislation.gov.uk/ukpga/2002/23/schedule/28))
[^c23833971]: Words in [Sch. 28AA para. 11(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/1) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23834121]: [Sch. 28AA para. 11(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/2) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834131]: Word at the end of Sch. 28AA para. 11(3)(c) inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/a)
[^c23834141]: [Sch. 28AA para. 11(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/3/e) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834151]: [Sch. 28AA para. 11(3)(e)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/3/e) and preceding word repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(7)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/7/b), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834161]: Words in [Sch. 28AA para. 11(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/11/4) repealed (with effect in accordance with s. 37 of the repealing Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/1), Note
[^c23834171]: Words in [Sch. 28AA para. 12(3)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/12/3/b) substituted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 30(8)](https://www.legislation.gov.uk/ukpga/2004/12/section/30/8)
[^c23316641]: Words in [Sch. 28AA para. 13(a)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13/a) substituted (with effect in accordance with [s. 579](https://www.legislation.gov.uk/ukpga/2001/2/section/579) of the amending Act) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 68](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/68)
[^c23834181]: [Sch. 28AA para. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13) renumbered as para. 13(1) (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by virtue of [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/32/4)
[^c23834191]: [Sch. 28AA para. 13(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/13/2) added (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/32/4)
[^c22747221]: [1996 c. 8](https://www.legislation.gov.uk/ukpga/1996/8).
[^c23833861]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): words in definition of "losses" substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), art. 2, Sch. para. 40(2)
[^c23833881]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "medium-sized enterprise" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833891]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "non-qualifying territory" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833901]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "paragraph 6C claim" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 35(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/35/5)
[^c23833911]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "qualifying territory" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833921]: [Sch. 28AA para. 14(1)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/14/1): definition of "small enterprise" inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 31(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/31/5)
[^c23833701]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 12(2ZA)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/12/2ZA) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 7(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/7/2))
[^c23833711]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 16](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/16) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 8](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/8))
[^c23833721]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 28(3A)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/28/3A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/15/2))
[^c23833731]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) modified by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 31A](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/31A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 15(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/15/3))
[^c23833741]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 55(1A)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/55/1A) (as inserted (with effect in accordance with [s. 37](https://www.legislation.gov.uk/ukpga/2004/12/section/37) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 5 para. 16(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/5/paragraph/16/2))
[^c23834381]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/6), [Sch. 17 para. 12(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2/3)
[^c23834481]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(6)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/6) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23834391]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 113(6)](https://www.legislation.gov.uk/ukpga/2006/25/section/113/6), [Sch. 17 para. 12(2)(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/17/paragraph/12/2/3)
[^c23834491]: [Sch. 28AA paras. 5B](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5B), [5C](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/5C) excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69X(6)](https://www.legislation.gov.uk/uksi/2006/964/regulation/69X/6) (as inserted (6.4.2008) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705)](https://www.legislation.gov.uk/uksi/2008/705), [regs. 1](https://www.legislation.gov.uk/uksi/2008/705/regulation/1), [5](https://www.legislation.gov.uk/uksi/2008/705/regulation/5))
[^c23833931]: Words in [Sch. 28AA para. 6A(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6A/3) substituted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23833951]: Words in [Sch. 28AA para. 6E](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/6E) inserted (6.4.2005 with effect in accordance with [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [Sch. 1 para. 351(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/351/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^c23834281]: Words in [Sch. 28AA para. 7A(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7A/2/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23834301]: Words in [Sch. 28AA para. 7C(2)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA/paragraph/7C/2/b) repealed (with effect in accordance with s. 38 of the repealing Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 11 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/7), Note
[^c23834811]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 340(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/340/7), [625(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/625/7), [694(8)-(10)](https://www.legislation.gov.uk/ukpga/2009/4/section/694/8), [775(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/775/3) (with [ss. 628](https://www.legislation.gov.uk/ukpga/2009/4/section/628), [629](https://www.legislation.gov.uk/ukpga/2009/4/section/629), [636](https://www.legislation.gov.uk/ukpga/2009/4/section/636), [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23834821]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) applied (1.4.2009 with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 445-447](https://www.legislation.gov.uk/ukpga/2009/4/section/445) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^c23834881]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.12.2009 with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1), [19(6)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/19/6), [22(6)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/22/6) (with [regs. 19(7)(10)(11)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/19/7/10/11), [22(7)(9)(10)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/22/7/9/10))
[^c23834891]: [Sch. 28AA](https://www.legislation.gov.uk/ukpga/1988/1/schedule/28AA) excluded (1.1.2010) by The Northern Rock plc (Tax Consequences) Regulations 2009 ([S.I. 2009/3227](https://www.legislation.gov.uk/uksi/2009/3227)), regs. 1, 4(3), 6(2)
[^c22780291]: [Sch. 13B para. 3(2A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/3/2A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 2](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/2)
[^c22780261]: Words in [Sch. 13B para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/4/1/b) inserted (with effect in accordance with [s. 39(10)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/10) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 39(9)](https://www.legislation.gov.uk/ukpga/2000/17/section/39/9)
[^c22780281]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c22780311]: [Sch. 13B para. 5(4)(ca)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/5/4/ca) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/3)
[^c22780331]: [Sch. 13B para. 6(4A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/6/4A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 4(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/4/2)
[^c22780351]: [Sch. 13B para. 6(7A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/6/7A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 4(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/4/3)
[^c22780371]: [Sch. 13B para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/7/3) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 5](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/5)
[^c22780391]: Words in [Sch. 13B para. 8(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/8/4) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/6/2)
[^c22780411]: [Sch. 13B para. 8(5A)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/13B/paragraph/8/5A) inserted (with effect in accordance with [s. 53(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/53/6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 11 para. 6(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/11/paragraph/6/3)
[^c22747291]: [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48).
[^c22747301]: [1993 c. 49](https://www.legislation.gov.uk/ukpga/1993/49).
[^c22747311]: [1993 c. 48](https://www.legislation.gov.uk/ukpga/1993/48).
[^c22747321]: [1993 c. 49](https://www.legislation.gov.uk/ukpga/1993/49).
[^c23389441]: Words in [Sch. 4AA para. 1(4)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/1/4) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(2)
[^c23389461]: Words in [Sch. 4AA para. 7(3)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/7/3) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(3)
[^c23389481]: [Sch. 4AA para. 13(1)(2)](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/13/1/2) substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(4)
[^c23389501]: [Sch. 4AA para. 13](https://www.legislation.gov.uk/ukpga/1988/1/schedule/4AA/paragraph/13) heading substituted (28.9.2004 with effect in accordance with art. 1(2) of the amending S.I.) by virtue of The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 ([S.I. 2004/2310](https://www.legislation.gov.uk/uksi/2004/2310)), Sch. para. 35(5)
[^c23822131]: [Sch. 18A Pt. 2](https://www.legislation.gov.uk/ukpga/1988/1/schedule/18A/part/2) modified (28.10.2008 with effect in accordance with reg. 1(2) of the modifying S.I.) by [The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2008 (S.I. 2008/2646)](https://www.legislation.gov.uk/uksi/2008/2646), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/2646/regulation/1/1), [2](https://www.legislation.gov.uk/uksi/2008/2646/regulation/2)
[^c23387701]: O.J. L374, 31.12.1991, p.7.
[^c23380011]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c23380081]: O.J. L374, 31.12.1991, p.7.
[^M_C_2ff0b80a-162b-47c9-c6f4-ff0bd810eb8b]: S. 727A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/3220/regulation/4)
[^M_C_0169c535-0cbc-4d28-ef6b-3703edc5fb9c]: S. 727A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
[^M_C_35587500-78f4-49c8-c329-adb9d7d0e49d]: S. 730A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/3220/regulation/4)
[^M_C_1dee2bfc-1fd1-48cf-d531-2f5548898d8a]: S. 730A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
[^M_C_564d4cb1-5bc0-43e5-c6df-353f878c1715]: S. 737A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/3220/regulation/4)
[^M_C_ba5ef986-3485-4d3c-931e-7a14ddf29217]: S. 737A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
[^M_C_77b98302-ea88-428d-c627-5798619f8d3b]: S. 737C applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
#### Foreign pensions.
#### Section 209(3AA): link to shares of company or associated company
#### Further interpretation of sections 135 to 139.
#### Further interpretation of sections 135 to 139.
#### Cash vouchers taxable under P.A.Y.E.
#### Further interpretation of sections 135 to 139.
#### Credit-tokens.
#### Supplementary provisions.
#### Relief for contributions in respect of share option gains.
#### Travel expenses of employees not domiciled in the United Kingdom.
#### Mileage allowance relief
#### Application of lower rate to company distributions.
#### Provisions supplementary to section 138.
#### Provisions supplementary to section 138.
#### Application of sections 251B and 251C
#### Application of sections 251B and 251C
#### Children’s tax credit.
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
#### Further interpretation of sections 135 to 139.
#### Conditional acquisition of shares.
#### Meaning of “distribution”.
#### Application of lower rate to company distributions.
#### U.K. company distributions not generally chargeable to corporation tax.
#### Conditional acquisition of shares.
#### Application of lower rate to company distributions.
#### Section 209(3AA): hedging arrangements
#### Chargeable payments connected with exempt distributions.
#### Tax credits for certain recipients of qualifying distributions.
#### Treatment of cash dividend retained and then later paid out
#### Children’s tax credit.
#### Married couple’s allowance(pre-5th December 2005 marriages).
#### Married couple's allowance (post-5th December 2005 marriages and civil partnerships etc.)
#### Life assurance premiums paid by employer
#### Eligibility for relief.
#### Eligibility for relief.
#### Transfer of reliefs.
#### Form of relief.
#### Valuation of interests in land for purposes of section 294(1)(b).
#### Spouses and civil partners.
#### Application to subsidiaries.
#### Company reconstructions without a change of ownership.
#### The conditions mentioned in section 349A(1)
#### Company reconstructions involving business of leasing plant or machinery
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying maintenance payments.
#### Directions disapplying section 349A(1)
#### Directions disapplying section 349A(1)
#### Section 349A(1): consequences of reasonable but incorrect belief
#### Loan to buy machinery or plant.
#### Loan to buy life annuity.
#### Relevant loan interest.
#### Interest ceasing to be relevant loan interest, etc.
#### Losses from overseas property business.
#### Losses from overseas property business.
#### Treatment of interest as a loss for purposes of carry-forward and carry-back.
#### Treatment of interest as a loss for purposes of carry-forward and carry-back.
#### Losses of ring fence trade: set off against profits of an earlier accounting period
#### Dealings in commodity futures etc: withdrawal of loss relief.
#### Transactions in deposits with and without certificates or in debts.
#### Limits on group relief.
#### Close companies.
#### “Distribution” to include certain expenses of close companies.
#### Loans to participators etc.
#### Profits reserved for policy holders and annuitants.
#### Income or gains arising from property investment LLP
#### Determination of policy holders’ share for purposes of s.438B
#### Modifications in relation to BLAGAB group reinsurers
#### Transfers of business: deemed periodical return
#### Transfers of business: election for transferee to pay tax of transferor
#### Modification of s. 444BA for mutual or overseas business and for non-resident companies.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Audit powers in relation to non-residents.
#### Savings banks: exemption from tax.
#### Tax representatives.
#### Exceptions from section 559.
#### Conditions to be satisfied by firms.
#### Offshore income gains accruing to persons resident or domiciled abroad.
#### Offshore income gains accruing to persons resident or domiciled abroad.
#### Income treated as arising under section 761(1): remittance basis
#### Change in ownership of company with unused non-trading loss on intangible fixed assets
#### Form of relief.
#### Attribution of relief to shares.
#### Interpretation of Chapter III.
#### Payments not out of profits or gains brought into charge to income tax, and annual interest.
#### Losses from UK property business.
#### Meaning of “associated company” and “control”.
#### Interpretative provisions relating to insurance companies.
#### Reduced loss relief for additions to non-profit funds
#### Life reinsurance business: separate charge on profits.
#### Transfers of other business
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Valuation of oil disposed of or appropriated in certain circumstances.
#### Conditions to be satisfied by individuals.
#### Conditions to be satisfied by companies.
#### Restriction of relief for payments of interest.
#### Change in company ownership: postponed corporation tax.
#### Supplementary provisions.
#### Provisions supplementary to section 138.
#### Travel expenses of employees not domiciled in the United Kingdom.
#### U.K. company distributions not generally chargeable to corporation tax.
#### Meaning of “distribution”.
#### Election by company paying dividend.
#### Returns.
#### Further interpretation of sections 135 to 139.
#### Relief for contributions in respect of share option gains.
#### Further interpretation of sections 135 to 139.
#### Relief for necessary expenses.
## [SCHEDULE 19A
#### Change in ownership of company with unused non-trading loss on intangible fixed assets
#### Meaning of “research and development”.
#### Exceptions from the general charge.
#### Provisions supplementary to section 138.
#### Interpretation of sections 251A to 251C
#### Interpretation of sections 251A to 251C
#### Relief for contributions in respect of share option gains.
#### Meaning of “distribution”.
#### Elections as to transfer of relief under section 257A.
#### Tax on companies in administration
#### Extension of section 349: proceeds of sale of UK patent rights
#### Payments out of profits or gains brought into charge to income tax: deduction of tax.
#### The conditions mentioned in section 349A(1)
#### Exceptions to section 349 for payments between companies etc
#### The conditions mentioned in section 349A(1)
#### Carry-forward against subsequent profits.
#### Election that assets not be foreign business assets
#### Meaning of “child trust fund business”
#### Securities.
#### Securities.
#### Taxation in respect of other business.
#### Taxation in respect of other business: incorporated friendly societies etc.
#### Taxation in respect of other business.
#### Taxation in respect of other business: incorporated friendly societies etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Cases where ss. 502B to 502G do not apply: lessor also lessee under non-long funding lease
#### Qualifying expenditure and non-qualifying expenditure.
#### Meaning of “construction operations”.
#### Meaning of “construction operations”.
#### Provisions supplementary to sections 573 to 575.
#### Provisions supplementary to sections 573 to 575.
#### Sales etc. at an undervalue or overvalue.
#### Leased assets: special cases.
#### Leased assets: special cases.
#### Transactions associated with loans or credit.
#### Restriction of relief for payments of interest.
#### Payments not out of profits or gains brought into charge to income tax, and annual interest.
#### Extension of section 349: proceeds of sale of UK patent rights
#### Taxation of borrower when loan under section 419 released etc
#### Election that assets not be foreign business assets
#### Apportionment of asset value increase where line 51 amount decreases
#### Securities.
#### Life or endowment business: application of the Corporation Tax Acts.
#### Conditions for tax exempt business.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Charities: general.
#### Lessee under long funding finance lease: termination
#### Provisions supplementary to section 520.
#### General powers to make regulations under Chapter IV.
#### Ceasing to meet the trading requirement because of administration or receivership
#### Interest on tax overpaid.
#### Relief by agreement with other territories.
#### Exemptions from section 148.
#### Giving effect to mileage allowance relief
#### Limited exemption for computer equipment.
#### Taxation of profit-related pay.
#### Interpretation.
#### Relief for contributions in respect of share option gains.
#### Transfer of relief under section 257A where relief exceeds income.
#### Charges on income: interest payable to non-residents.
#### Set-off against general income.
#### Meaning of “participator”, “associate”, “director” and “loan creditor”.
#### Meaning of “individual savings account business”
#### Schedule A business or overseas property business.
#### Life reinsurance business: separate charge on profits.
#### Life or endowment business: application of the Corporation Tax Acts.
#### Old societies.
#### Old societies.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Lessee under long funding finance lease: termination
#### Letting of furnished holiday accommodation treated as trade for certain income tax purposes
#### Taxation of design royalties where owner abroad.
#### General powers to make regulations under Chapter IV.
#### Deductions from profits of contributions paid under certified schemes.
#### The qualifying subsidiaries requirement
#### Meaning of “asset”, “capital sum” and “lease” for purposes of sections 781 to 784.
#### Reduction of United Kingdom taxes by amount of credit due.
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
#### Limited exemption for computer equipment.
#### Provisions supplementary to section 138.
#### Minimum and maximum subscriptions.
#### Exclusions from section 423.
#### Section 432B apportionment: value of non-participating funds.
#### Certified unit trusts: corporation tax.
#### Authorised unit trusts.
#### Funds of funds: distributions.
#### Distribution accounts.
#### Other unit trusts.
#### Transitional provisions relating to unit trusts.
#### Computation of amount available for surrender by way of group relief.
#### Exploration expenditure supplement
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation.
#### Conversion of certain approved retirement benefits schemes.
#### Power to prescribe restrictions on approval.
#### Carry-forward of unused relief under section 619.
#### Interest: special relationship.
#### Qualifying companies
#### Repayment supplements: companies.
#### The Arbitration Convention.
#### Power to inspect documents.
#### Substituted retirement annuity contracts.
#### Carry-back of contributions.
#### Utilisation of eligible unrelieved foreign tax.
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
#### Recovery of tax credits incorrectly paid.
#### Power to inspect documents.
#### Schedule C.
#### Fractions of a pound, and yearly assessments.
#### Restrictions on relief
#### Section 37(4) and reductions in receipts under ITTOIA 2005
#### Rules for ascertaining duration of leases.
#### Appeals against determinations under sections 34 to 36 or Chapter 4 of Part 3 of ITTOIA 2005.
#### Securities of foreign states.
#### Deep discount securities.
#### Discounted bills of exchange.
#### Expenses of insurance companies
#### Discounted bills of exchange.
#### Debts of overseas governments etc.
#### Expenses connected with living accommodation.
#### Restrictions on the use of tax credits by pension funds.
#### Schedule A business or overseas property business.
#### Section 432B apportionment: participating funds.
#### Dividends paid to investment trusts.
#### Regulations supplementing sections 468M to 468PA
#### Supplementary provisions.
#### Letting of furnished holiday accommodation treated as trade for certain income tax purposes
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The conditions for being an excepted group life policy
#### Interpretation.
#### Interpretation.
#### Application of Income Tax Acts from year to year.
#### Interest on payments in respect of corporation tax and meaning of “the material date".
#### Exemption for trade unions and employers’ associations.
#### Assets of branch of registered friendly society to be treated as assets of society after incorporation.
#### Building societies: incidental costs of issuing qualifying shares.
#### Relief for expenses.
#### Relief for expenses.
#### Patent income to be earned income in certain cases.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exceptions from section 559.
#### The trading requirement
#### Carry-back of contributions.
#### The prescribed circumstances.
#### Earnings from pensionable employment.
#### Earnings from associated employments.
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
#### Interest on tax overpaid.
#### Repayment supplements: companies.
#### Repayment supplements: companies.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Funds of funds: distributions.
#### Assets of branch of registered friendly society to be treated as assets of society after incorporation.
#### Certified unit trusts: corporation tax.
#### Transactions with substantial donors
#### Charities: general.
#### The conditions for being an excepted group life policy
#### Introductory.
#### Life policies: computation of gain.
#### Treatment of certain assignments etc involving co-ownership
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The property managing subsidiaries requirement
#### Statutory redundancy payments.
#### Cessation of approval: general provisions.
#### Qualifying counselling services etc.
#### Tax credits under Part 1 of Tax Credits Act 2002
#### Payments to unmarried minor children of settlor.
#### Application of section 739 and 740
#### Payments to unmarried minor children of settlor.
#### Application of section 739 and 740
#### Sale and repurchase of securities.
#### Interest on tax overpaid.
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
#### Interpretation of the Tax Acts.
#### Interpretation of Income Tax Acts.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Authorised unit trusts.
#### Life policies: computation of gain.
#### Regulations in relation to qualifying policies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Provisions supplementary to sections 573 to 575.
#### Business entertaining expenses.
#### Schemes approved before 23rd July 1987.
#### Payments to unmarried minor children of settlor.
#### Revocable settlements allowing reversion of property.
#### VAT penalties etc.
@@ -78756,976 +78413,994 @@
#### Section 590: supplementary provisions.
#### Settlements made after 6th April 1965.
#### Income arising under settlement where settlor retains an interest.
#### Territorial sea and designated areas.
#### Schedule E.
#### Section 37(4) and reductions in receipts under ITTOIA 2005
#### Levies and repayments under the Financial Services and Markets Act 2000.
#### Valuation of work in progress at discontinuance of profession or vocation.
#### Tax credits for non-U.K. residents.
##### 469
- (1) This section applies to—
- (a) any unit trust scheme that is neither an authorised unit trust nor an umbrella scheme ; and
- (b) any authorised unit trust to which, by virtue of subsection (5) of section 468, that section does not apply,
except where the trustees of the scheme are not resident in the United Kingdom.
- (2) Income arising to the trustees of the scheme shall be regarded for the purposes of the Tax Acts as income of the trustees (and not as income of the unit holders); and the trustees (and not the unit holders) shall be regarded as the persons to or on whom allowances or charges are to be made under the provisions of those Acts relating to relief for capital expenditure.
- (3) For the purposes of the Tax Acts the unit holders shall be treated as receiving annual payments (made by the trustees under deduction of tax) in proportion to their rights.
- (4) The total amount of those annual payments in respect of any distribution period shall be the amount which, after deducting income tax at the basic rate in force for the year of assessment in which the payments are treated as made, is equal to the aggregate amount shown in the accounts of the scheme as income available for payment to unit holders or for investment.
- (5) The date on which the annual payments are treated as made shall be the date or latest date provided by the terms of the scheme for any distribution in respect of the distribution period in question, except that, if—
- (a) the date so provided is more than 12 months after the end of the period; or
- (b) no date is so provided,
the date on which the payments are treated as made shall be the last day of the period.
- (5A) Subsection (5B) below applies where for any year of assessment—
- (a) the trustees are (or, apart from this subsection, would be) chargeable under section 350 with tax on payments treated as made by them under subsection (3) above, and
- (b) there is an uncredited surplus in the case of the scheme.
- (5B) Where this subsection applies, the amount on which the trustees would otherwise be so chargeable shall be reduced—
- (a) if the surplus is greater than that amount, to nil, or
- (b) if it is not, by an amount equal to the surplus.
- (5C) For the purposes of subsections (5A) and (5B) above whether there is an uncredited surplus for a year of assessment in the case of a scheme (and, if so, its amount) shall be ascertained by—
- (a) determining, for each earlier year of assessment in which the income on which the trustees were chargeable to tax by virtue of subsection (2) above exceeded the amount treated by subsection (3) above as annual payments received by the unit holders, the amount of the excess,
- (b) aggregating the amounts determined in the case of the scheme under paragraph (a) above, and
- (c) deducting from that aggregate the total of any reductions made in the case of the scheme under subsection (5B) above for earlier years of assessment.
- (5D) The references in subsection (5C)(a) above to subsections (2) and (3) above include references to subsections (2) and (3) of section 354A of the 1970 Act.
- (6) In this section “*distribution period*”means a period beginning on or after 1st April 1987 over which income from the investments subject to the trusts is aggregated for the purposes of ascertaining the amount available for distribution to unit holders, but—
- (a) if the scheme does not make provision for distribution periods, then for the purposes of this section its distribution periods shall be taken to be successive periods of 12 months the first of which began with the day on which the scheme took effect; and
- (b) if the scheme makes provision for distribution periods of more than 12 months, then for the purposes of this section each of those periods shall be taken to be divided into two (or more) distribution periods, the second succeeding the first after 12 months (and so on for any further periods).
- (6A) In this section “*umbrella scheme*” has the same meaning as in section 468.
- (7) In this section “*unit trust scheme*” has the same meaning as in the Financial Services Act 1986, except that the Treasury may by regulations provide that any scheme of a description specified in the regulations shall be treated as not being a unit trust scheme for the purposes of this section.
- (8) Regulations under this section may contain such supplementary and transitional provisions as appear to the Treasury to be necessary or expedient.
- (9) Sections 686 and 687 shall not apply to a scheme to which this section applies.
- (10) Section 720(5) shall not apply in relation to profits or gains treated as received by the trustees of a scheme to which this section applies if or to the extent that those profits or gains represent accruals of interest (within the meaning of Chapter II of Part XVII) which are treated as income in the accounts of the scheme.
- (11) This section shall have effect in relation to distribution periods beginning on or after 6th April 1987.
##### 469
- (1) This section applies to—
- (a) any unit trust scheme that is not an authorised unit trust; and
- (b) any authorised unit trust to which, by virtue of subsection (5) of section 468, that section does not apply,
except where the trustees of the scheme are not resident in the United Kingdom.
- (2) Income arising to the trustees of the scheme shall be regarded for the purposes of the Tax Acts as income of the trustees (and not as income of the unit holders); and the trustees (and not the unit holders) shall be regarded as the persons to or on whom allowances or charges are to be made under the provisions of those Acts relating to relief for capital expenditure.
- (3) For the purposes of the Tax Acts the unit holders shall be treated as receiving annual payments (made by the trustees under deduction of tax) in proportion to their rights.
- (4) The total amount of those annual payments in respect of any distribution period shall be the amount which, after deducting income tax at the basic rate in force for the year of assessment in which the payments are treated as made, is equal to the aggregate amount shown in the accounts of the scheme as income available for payment to unit holders or for investment.
- (5) The date on which the annual payments are treated as made shall be the date or latest date provided by the terms of the scheme for any distribution in respect of the distribution period in question, except that, if—
- (a) the date so provided is more than 12 months after the end of the period; or
- (b) no date is so provided,
the date on which the payments are treated as made shall be the last day of the period.
- (5A) Subsection (5B) below applies where for any year of assessment—
- (a) the trustees are (or, apart from this subsection, would be) chargeable under section 350 with tax on payments treated as made by them under subsection (3) above, and
- (b) there is an uncredited surplus in the case of the scheme.
- (5B) Where this subsection applies, the amount on which the trustees would otherwise be so chargeable shall be reduced—
- (a) if the surplus is greater than that amount, to nil, or
- (b) if it is not, by an amount equal to the surplus.
- (5C) For the purposes of subsections (5A) and (5B) above whether there is an uncredited surplus for a year of assessment in the case of a scheme (and, if so, its amount) shall be ascertained by—
- (a) determining, for each earlier year of assessment in which the income on which the trustees were chargeable to tax by virtue of subsection (2) above exceeded the amount treated by subsection (3) above as annual payments received by the unit holders, the amount of the excess,
- (b) aggregating the amounts determined in the case of the scheme under paragraph (a) above, and
- (c) deducting from that aggregate the total of any reductions made in the case of the scheme under subsection (5B) above for earlier years of assessment.
- (5D) The references in subsection (5C)(a) above to subsections (2) and (3) above include references to subsections (2) and (3) of section 354A of the 1970 Act.
- (6) In this section “*distribution period*” has the same meaning as in section 468, but—
- (a) if the scheme does not make provision for distribution periods, then for the purposes of this section its distribution periods shall be taken to be successive periods of 12 months the first of which began with the day on which the scheme took effect; and
- (b) if the scheme makes provision for distribution periods of more than 12 months, then for the purposes of this section each of those periods shall be taken to be divided into two (or more) distribution periods, the second succeeding the first after 12 months (and so on for any further periods).
- (7) In this section “*unit trust scheme*” has the same meaning as in the Financial Services Act 1986, except that the Treasury may by regulations provide that any scheme of a description specified in the regulations shall be treated as not being a unit trust scheme for the purposes of this section.
- (8) Regulations under this section may contain such supplementary and transitional provisions as appear to the Treasury to be necessary or expedient.
- (9) Sections 686 and 687 shall not apply to a scheme to which this section applies.
- (10) Section 720(5) shall not apply in relation to profits or gains treated as received by the trustees of a scheme to which this section applies if or to the extent that those profits or gains represent accruals of interest (within the meaning of Chapter II of Part XVII) which are treated as income in the accounts of the scheme.
- (11) This section shall have effect in relation to distribution periods beginning on or after 6th April 1987.
#### Court common investment funds.
#### Building societies: time for payment of tax.
#### Tax representatives.
#### Provisions supplementary to sections 573 to 575.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Earnings from pensionable employment.
#### Meaning of “interest”, “transfers with or without accrued interest” etc.
#### Variable interest rate.
#### Treatment of deemed sums and reliefs.
#### Transfer of unrealised interest.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### How averaging claim is given effect
#### Levies and repayments under the Financial Services and Markets Act 2000.
#### Costs of establishing share option or profit sharing schemes: relief.
#### Payments to trustees of approved profit sharing schemes.
#### Charitable donations: contributions to agent’s expenses.
#### Restriction on relief: individuals.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### CHAPTER 1B — PROVISIONS AS TO CAPITAL SUMS PAID TO SETTLOR
### CHAPTER 1C — LIABILITY OF TRUSTEES
#### Superannuation funds approved before 6th April 1980.
#### Qualifying counselling services etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Income arising under settlement where settlor retains an interest.
#### Sub-funds
#### Manufactured dividends and interest.
#### Deemed manufactured payments in the case of stock lending arrangements.
#### Interpretation of section 737A.
#### Manufactured dividends and interest.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
#### Supplement in respect of a pre-commencement accounting period
#### Supplement in respect of a post-commencement period
#### Supplement in respect of a post-commencement period
## Part IV — Disallowed debits and non-trading deficits
#### Deemed interest: cash collateral under stock lending arrangements
#### Deemed interest: cash collateral under stock lending arrangements
#### About this Schedule
#### Qualifying companies
#### Supplement in respect of a pre-commencement accounting period
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### Costs of establishing share option or profit sharing schemes: relief.
#### Charitable donations: contributions to agent’s expenses.
#### Taxable premiums etc.
#### Meaning of “the aggregate amount”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Application of this Chapter etc. to policies and contracts in which persons other than companies are interested
#### Calculation of certain amounts for purposes of sections 540, 542 and 545.
#### Information: supplementary provisions
#### Expenditure on car hire: supplementary
#### Conditions for approval of retirement benefit schemes.
#### Earnings cap.
#### Power to prescribe restrictions on approval.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Settlements made before 7th April 1965 but after 9th April 1946.
#### Settlements made before 7th April 1965 but after 9th April 1946.
#### Supplementary provisions as to absolute interests in residue.
#### Interpretation.
#### Exceptions from sections 713 and 714
#### Application of sections 741 and 741A
#### Imputation of chargeable profits and creditable tax of controlled foreign companies
#### Power to obtain information.
#### Apportionment of chargeable profits and creditable tax
#### The approved amount: mileage allowance payments
#### The approved amount: mileage allowance payments
#### Qualifying companies
#### Tax year
#### Treatment of receipts as earned income.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introductory.
#### Life policies: chargeable events.
#### The qualifying subsidiaries requirement
#### Substituted retirement annuity contracts.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Special provisions as to certain interests in residue.
#### Application of section 686D where settlor has made more than one settlement
#### Special provisions as to certain interests in residue.
#### Supplemental provisions.
#### No duplication of charge.
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Tax year
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Manufactured interest on UK securities: general
### Manufactured interest on gilt-edged securities etc.
#### Amount of post-commencement supplement for a post-commencement period
#### Taxable premiums etc.
#### Meaning of “the aggregate amount”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Certain deficiencies allowable as deductions.
#### Termination of relief under this Chapter, and transitional provisions.
#### Exemption from tax in respect of qualifying premiums.
#### The prescribed circumstances.
#### Income arising under settlement where settlor retains an interest.
#### Payments to unmarried minor children of settlor.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Schedule 4 directions.
#### The prescribed circumstances.
#### Interest in default.
#### Section 751A: supplementary
#### Reduction in chargeable profits: failure to qualify for exemptions
#### Determinations requiring the sanction of the Board.
#### Section 751A: supplementary
#### Returns where it is not established whether acceptable distribution policy applies.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introduction
#### The approved amount: mileage allowance payments
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Other approved contracts.
#### Revocable settlements allowing release of obligation.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exceptions from sections 713 and 714
#### Reduction in chargeable profits following an exempt period
#### Apportionment of chargeable profits and creditable tax
#### Reduction in chargeable profits following an exempt period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Company vehicles
#### Employment
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### “A significant amount of time”
#### Section 87(2) and (3) and reductions in receipts under ITTOIA 2005
#### “A significant amount of time”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The trading requirement
#### Relief for individuals.
#### Sub-funds
#### Payments under discretionary trusts.
#### Certain distributions to be treated as income to which section 686 applies.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Treatment of price differential on sale and repurchase of securities.
#### Interpretation of section 730A.
### Introductory
### Payments and other benefits to which section 148 applies
### Payments and other benefits excluded from charge under section 148
### Application of £30,000 threshold
### Exclusion or reduction of charge in case of foreign service
### Valuation of benefits
### Notional interest treated as paid if amount charged in respect of beneficial loan
### Giving effect to the charge to tax
### Reporting requirements
### Interpretation
#### Offshore income gains accruing to persons resident or domiciled abroad.
#### The approved amount: passenger payments
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
#### About this Schedule
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Nominees, trustees etc.
#### Dealers in securities.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### About this Schedule
#### Qualifying companies
#### Effect on approved schemes of regulations under section 591.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Nominees, trustees etc.
#### Sale and repurchase of securities.
#### Company vehicles
#### Introduction
#### The non-qualifying pool
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Death.
#### Exception for sale and repurchase of securities.
#### Transfers of rights to receive distributions in respect of shares
#### Qualifying vehicles
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Variable interest rate.
#### Introduction
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Tax credits under Part 1 of Tax Credits Act 2002
#### Cancellation of tax advantage.
#### Certain income not to be income of settlor etc.
#### Application to Scotland.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Power to provide for manufactured payments to be eligible for relief.
#### Prevention of avoidance of income tax.
### The appropriate percentage
### Car with CO2 emissions figure
### The lower threshold
### Bi-fuel cars
#### Leased assets subject to hire-purchase agreements.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a post-commencement period
#### The non-qualifying pool
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Nominees, trustees etc.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Revocable settlements allowing release of obligation.
#### Amount of post-commencement supplement for a post-commencement period
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### Amount of post-commencement supplement for a post-commencement period
#### About this Schedule
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Qualifying companies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Arrangements made under old law.
#### Foreign tax on items giving rise to a non-trading credit: intangible fixed assets
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### Supplement in respect of a pre-commencement accounting period
#### Supplement in respect of a post-commencement period
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### “The individual’s contribution to the trade”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Reduction of United Kingdom taxes by amount of credit due.
#### Dividends paid out of transferred profits.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a pre-commencement accounting period
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Special rule for computing chargeable profits.
#### Reduction in chargeable profits for certain financing income
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The Arbitration Convention.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Relief by agreement with other territories.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Section 87(2) and (3) and reductions in receipts under ITTOIA 2005
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Exemption from sections 739 and 740 (transactions on or after 5th December 2005)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Reduction of United Kingdom taxes by amount of credit due.
#### Foreign tax on items giving rise to a non-trading credit: intangible fixed assets
#### Schemes and arrangements designed to increase relief
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The non-qualifying pool
#### About this Schedule
#### About this Schedule
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Dividends paid out of transferred profits.
#### Onshore pooling.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
#### The non-qualifying pool
#### About this Schedule
#### Accounting periods
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Amount of post-commencement supplement for a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Conventional basis: general charge on receipts after discontinuance . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Schemes and arrangements designed to increase relief
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Restriction of relief for payments of interest.
#### Interpretation of credit code.
#### Arrangements made under old law.
#### Reduction of United Kingdom taxes by amount of credit due.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### VAT penalties etc.
#### Schedule E.
#### Section 37(4) and reductions in receipts under ITTOIA 2005
#### Levies and repayments under the Financial Services and Markets Act 2000.
#### Provisions supplementary to sections 100 and 101.
#### Tax credits for non-U.K. residents.
##### 469
- (1) This section applies to—
- (a) any unit trust scheme that is neither an authorised unit trust nor an umbrella scheme ; and
- (b) any authorised unit trust to which, by virtue of subsection (5) of section 468, that section does not apply,
except where the trustees of the scheme are not resident in the United Kingdom.
- (2) Income arising to the trustees of the scheme shall be regarded for the purposes of the Tax Acts as income of the trustees (and not as income of the unit holders); and the trustees (and not the unit holders) shall be regarded as the persons to or on whom allowances or charges are to be made under the provisions of those Acts relating to relief for capital expenditure.
- (3) For the purposes of the Tax Acts the unit holders shall be treated as receiving annual payments (made by the trustees under deduction of tax) in proportion to their rights.
- (4) The total amount of those annual payments in respect of any distribution period shall be the amount which, after deducting income tax at the basic rate in force for the year of assessment in which the payments are treated as made, is equal to the aggregate amount shown in the accounts of the scheme as income available for payment to unit holders or for investment.
- (5) The date on which the annual payments are treated as made shall be the date or latest date provided by the terms of the scheme for any distribution in respect of the distribution period in question, except that, if—
- (a) the date so provided is more than 12 months after the end of the period; or
- (b) no date is so provided,
the date on which the payments are treated as made shall be the last day of the period.
- (5A) Subsection (5B) below applies where for any year of assessment—
- (a) the trustees are (or, apart from this subsection, would be) chargeable under section 350 with tax on payments treated as made by them under subsection (3) above, and
- (b) there is an uncredited surplus in the case of the scheme.
- (5B) Where this subsection applies, the amount on which the trustees would otherwise be so chargeable shall be reduced—
- (a) if the surplus is greater than that amount, to nil, or
- (b) if it is not, by an amount equal to the surplus.
- (5C) For the purposes of subsections (5A) and (5B) above whether there is an uncredited surplus for a year of assessment in the case of a scheme (and, if so, its amount) shall be ascertained by—
- (a) determining, for each earlier year of assessment in which the income on which the trustees were chargeable to tax by virtue of subsection (2) above exceeded the amount treated by subsection (3) above as annual payments received by the unit holders, the amount of the excess,
- (b) aggregating the amounts determined in the case of the scheme under paragraph (a) above, and
- (c) deducting from that aggregate the total of any reductions made in the case of the scheme under subsection (5B) above for earlier years of assessment.
- (5D) The references in subsection (5C)(a) above to subsections (2) and (3) above include references to subsections (2) and (3) of section 354A of the 1970 Act.
- (6) In this section “*distribution period*”means a period beginning on or after 1st April 1987 over which income from the investments subject to the trusts is aggregated for the purposes of ascertaining the amount available for distribution to unit holders, but—
- (a) if the scheme does not make provision for distribution periods, then for the purposes of this section its distribution periods shall be taken to be successive periods of 12 months the first of which began with the day on which the scheme took effect; and
- (b) if the scheme makes provision for distribution periods of more than 12 months, then for the purposes of this section each of those periods shall be taken to be divided into two (or more) distribution periods, the second succeeding the first after 12 months (and so on for any further periods).
- (6A) In this section “*umbrella scheme*” has the same meaning as in section 468.
- (7) In this section “*unit trust scheme*” has the same meaning as in the Financial Services Act 1986, except that the Treasury may by regulations provide that any scheme of a description specified in the regulations shall be treated as not being a unit trust scheme for the purposes of this section.
- (8) Regulations under this section may contain such supplementary and transitional provisions as appear to the Treasury to be necessary or expedient.
- (9) Sections 686 and 687 shall not apply to a scheme to which this section applies.
- (10) Section 720(5) shall not apply in relation to profits or gains treated as received by the trustees of a scheme to which this section applies if or to the extent that those profits or gains represent accruals of interest (within the meaning of Chapter II of Part XVII) which are treated as income in the accounts of the scheme.
- (11) This section shall have effect in relation to distribution periods beginning on or after 6th April 1987.
##### 469
- (1) This section applies to—
- (a) any unit trust scheme that is not an authorised unit trust; and
- (b) any authorised unit trust to which, by virtue of subsection (5) of section 468, that section does not apply,
except where the trustees of the scheme are not resident in the United Kingdom.
- (2) Income arising to the trustees of the scheme shall be regarded for the purposes of the Tax Acts as income of the trustees (and not as income of the unit holders); and the trustees (and not the unit holders) shall be regarded as the persons to or on whom allowances or charges are to be made under the provisions of those Acts relating to relief for capital expenditure.
- (3) For the purposes of the Tax Acts the unit holders shall be treated as receiving annual payments (made by the trustees under deduction of tax) in proportion to their rights.
- (4) The total amount of those annual payments in respect of any distribution period shall be the amount which, after deducting income tax at the basic rate in force for the year of assessment in which the payments are treated as made, is equal to the aggregate amount shown in the accounts of the scheme as income available for payment to unit holders or for investment.
- (5) The date on which the annual payments are treated as made shall be the date or latest date provided by the terms of the scheme for any distribution in respect of the distribution period in question, except that, if—
- (a) the date so provided is more than 12 months after the end of the period; or
- (b) no date is so provided,
the date on which the payments are treated as made shall be the last day of the period.
- (5A) Subsection (5B) below applies where for any year of assessment—
- (a) the trustees are (or, apart from this subsection, would be) chargeable under section 350 with tax on payments treated as made by them under subsection (3) above, and
- (b) there is an uncredited surplus in the case of the scheme.
- (5B) Where this subsection applies, the amount on which the trustees would otherwise be so chargeable shall be reduced—
- (a) if the surplus is greater than that amount, to nil, or
- (b) if it is not, by an amount equal to the surplus.
- (5C) For the purposes of subsections (5A) and (5B) above whether there is an uncredited surplus for a year of assessment in the case of a scheme (and, if so, its amount) shall be ascertained by—
- (a) determining, for each earlier year of assessment in which the income on which the trustees were chargeable to tax by virtue of subsection (2) above exceeded the amount treated by subsection (3) above as annual payments received by the unit holders, the amount of the excess,
- (b) aggregating the amounts determined in the case of the scheme under paragraph (a) above, and
- (c) deducting from that aggregate the total of any reductions made in the case of the scheme under subsection (5B) above for earlier years of assessment.
- (5D) The references in subsection (5C)(a) above to subsections (2) and (3) above include references to subsections (2) and (3) of section 354A of the 1970 Act.
- (6) In this section “*distribution period*” has the same meaning as in section 468, but—
- (a) if the scheme does not make provision for distribution periods, then for the purposes of this section its distribution periods shall be taken to be successive periods of 12 months the first of which began with the day on which the scheme took effect; and
- (b) if the scheme makes provision for distribution periods of more than 12 months, then for the purposes of this section each of those periods shall be taken to be divided into two (or more) distribution periods, the second succeeding the first after 12 months (and so on for any further periods).
- (7) In this section “*unit trust scheme*” has the same meaning as in the Financial Services Act 1986, except that the Treasury may by regulations provide that any scheme of a description specified in the regulations shall be treated as not being a unit trust scheme for the purposes of this section.
- (8) Regulations under this section may contain such supplementary and transitional provisions as appear to the Treasury to be necessary or expedient.
- (9) Sections 686 and 687 shall not apply to a scheme to which this section applies.
- (10) Section 720(5) shall not apply in relation to profits or gains treated as received by the trustees of a scheme to which this section applies if or to the extent that those profits or gains represent accruals of interest (within the meaning of Chapter II of Part XVII) which are treated as income in the accounts of the scheme.
- (11) This section shall have effect in relation to distribution periods beginning on or after 6th April 1987.
#### Deduction of tax (mixed funds).
#### Transitional provisions relating to unit trusts.
#### Tax representatives.
#### Provisions supplementary to sections 573 to 575.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Supplement in respect of a pre-commencement accounting period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Conventional basis: general charge on receipts after discontinuance . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Conversion of certain approved retirement benefits schemes.
#### Appeals against Board’s notices under section 703.
#### Variable interest rate.
#### Appeals against Board’s notices under section 703.
#### Meaning of “settlement day” for purposes of sections 711 to 728.
#### Arrangements made under old law.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of this Act.
#### Qualifying vehicles
#### Introduction
#### Qualifying companies
#### Amount of post-commencement supplement for a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interest on payments in respect of corporation tax and meaning of “the material date".
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### Allowable deductions.
#### Partners: meaning of “contribution to the trade”
#### Partners: meaning of “contribution to the trade”
#### Restriction on deduction of interest or dividends from trading income.
#### Territorial sea and designated areas.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying trade, profession or vocation
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The approved amount: passenger payments
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Restriction on relief: companies.
#### Meaning of “relevant loss” in section 118ZN
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Definitions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Insurance companies carrying on more than one category of business: restriction of credit.
#### Application of Income Tax Acts to public departments and avoidance of exempting provisions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468A
- (1) In relation to an open-ended investment company the rate of corporation tax for the financial year 2005 and subsequent financial years shall be deemed to be the rate at which income tax at the lower rate is charged for the year of assessment which begins on 6th April in the financial year concerned (and sections 13, 13AA and 13AB shall not apply).
- (2) In this section “*open-ended investment company*” means a company incorporated in the United Kingdom to which section 236 of the Financial Services and Markets Act 2000 applies.
- (3) Each of the parts of an umbrella company shall be regarded for the purposes of this section as an open-ended investment company and the umbrella company as a whole shall not be so regarded (and shall not, unless an enactment expressly provides otherwise, be regarded as a company for any other purpose of the Tax Acts).
- (4) In subsection (3) “*umbrella company*” means an open-ended investment company—
- (a) in respect of which the instrument of incorporation provides arrangements for separate pooling of the contributions of the shareholders and the profits or income out of which payments are to be made to them, and
- (b) the shareholders of which are entitled to exchange rights in one pool for rights in another,
and a reference to part of an umbrella company is a reference to a separate pool.
#### Insurance companies: allocation of expenses etc in computations under Case I of Schedule D.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying trade, profession or vocation
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Miscellaneous charges (list for the purposes of certain provisions that formerly referred to Case VI of Schedule D)
#### Local authorities.
#### Meaning of “research and development”.
#### Meaning of “UK property business” and “overseas property business”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### How averaging claim is given effect
#### Levies and repayments under the Financial Services and Markets Act 2000: investment companies.
#### Costs of establishing share option or profit sharing schemes: relief.
#### Costs of establishing employee share ownership trusts: relief.
#### Charitable donations: contributions to agent’s expenses.
#### Restriction on relief: individuals.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### Accounting periods
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### CHAPTER 1B — PROVISIONS AS TO CAPITAL SUMS PAID TO SETTLOR
### CHAPTER 1C — LIABILITY OF TRUSTEES
#### Counselling services for employees.
#### Qualifying counselling services etc.
#### Meaning of “research and development”.
#### Meaning of “investment LLP” and “property investment LLP”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Income arising under settlement where settlor retains an interest.
#### Sub-funds
#### Treatment of price differential on sale and repurchase of securities.
#### Exchange gains and losses on sale and repurchase of securities
#### Persons entitled to exemptions.
#### Manufactured dividends and interest.
#### Qualifying trade, profession or vocation
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a pre-commencement accounting period
#### Amount of post-commencement supplement for a post-commencement period
#### The non-qualifying pool
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### “Annual value” of land.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introduction
#### Adjustment of profits on averaging claim
#### About this Schedule
#### Qualifying companies
#### Supplement in respect of a pre-commencement accounting period
#### Supplement in respect of a post-commencement period
#### Supplement in respect of a post-commencement period
## Part IV — Disallowed debits and non-trading deficits
#### Deemed interest: cash collateral under stock lending arrangements
#### Deemed interest: cash collateral under stock lending arrangements
#### About this Schedule
#### Qualifying companies
#### Supplement in respect of a pre-commencement accounting period
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### Costs of establishing share option or profit sharing schemes: relief.
#### Charitable donations: contributions to agent’s expenses.
#### Taxable premiums etc.
#### Meaning of “the aggregate amount”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Treatment of certain assignments etc involving co-ownership
#### The conditions for being an excepted group life policy
#### Overseas life assurance business: life policies.
#### Counselling services for employees.
#### Statutory redundancy payments.
#### Carry-forward of unused relief under section 619.
#### Power to prescribe restrictions on approval.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Settlements made before 7th April 1965 but after 9th April 1946.
#### Settlements made before 7th April 1965 but after 9th April 1946.
#### Share incentive plans: distributions in respect of unappropriated shares
#### Certain income not to be income of settlor etc.
#### Exceptions from sections 713 and 714
#### Application of sections 741 and 741A
#### Supplemental provisions.
#### Power to obtain information.
#### Apportionment of chargeable profits and creditable tax
#### The approved amount: mileage allowance payments
#### The approved amount: mileage allowance payments
#### Qualifying companies
#### Tax year
#### Application of charges where rights to payments transferred.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introductory.
#### Introductory.
#### The control and independence requirement
#### Substituted retirement annuity contracts.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Special provisions as to certain interests in residue.
#### Share incentive plans: distributions in respect of unappropriated shares
#### Special provisions as to certain interests in residue.
#### Liability of non-transferors.
#### Application of sections 741 and 741A
#### Exemption from sections 739 and 740 (transactions before 5th December 2005)
#### Tax year
#### Company vehicles
### Manufactured interest on UK securities: general
### Manufactured interest on gilt-edged securities etc.
#### Amount of post-commencement supplement for a post-commencement period
#### Taxable premiums etc.
#### Meaning of “the aggregate amount”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Certain deficiencies allowable as deductions.
#### Tax credits under Part 1 of Tax Credits Act 2002
#### Exemption from tax in respect of qualifying premiums.
#### The prescribed circumstances.
#### Income arising under settlement where settlor retains an interest.
#### Payments to unmarried minor children of settlor.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Cancellation of tax advantage.
#### Cancellation of tax advantage.
#### Exception for sale and repurchase of securities.
#### Section 751A: supplementary
#### Reduction in chargeable profits for certain financing income
#### Determinations requiring the sanction of the Board.
#### Effect of notice under section 804ZA
#### Section 751A: supplementary
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Introduction
#### The approved amount: mileage allowance payments
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exemptions and reliefs in respect of income from investments etc. of certain pension schemes.
#### Revocable settlements allowing release of obligation.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exceptions from sections 713 and 714
#### Reduction in chargeable profits for certain financing income
#### Reduction in chargeable profits: failure to qualify for exemptions
#### Reduction in chargeable profits following an exempt period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Company vehicles
#### Introduction
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### “A significant amount of time”
#### Section 87(2) and (3) and reductions in receipts under ITTOIA 2005
#### “The individual’s contribution to the trade”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The trading requirement
#### The control and independence requirement
#### Sub-funds
#### Payments under discretionary trusts.
#### Certain income not to be income of settlor etc.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Trading stock.
#### Information.
### Introductory
### Payments and other benefits to which section 148 applies
### Payments and other benefits excluded from charge under section 148
### Application of £30,000 threshold
### Exclusion or reduction of charge in case of foreign service
### Valuation of benefits
### Notional interest treated as paid if amount charged in respect of beneficial loan
### Giving effect to the charge to tax
### Reporting requirements
### Interpretation
#### Relevant interests.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
#### About this Schedule
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Unrealised interest in default
#### Treatment of price differential on sale and repurchase of securities.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### About this Schedule
#### Qualifying companies
#### Qualifying interests in land held jointly
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Nominees, trustees etc.
#### Information.
#### Company vehicles
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The non-qualifying pool
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Unrealised interest in default
#### Treatment of price differential on sale and repurchase of securities.
#### Transfers of rights to receive distributions in respect of shares
#### Qualifying vehicles
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Variable interest rate.
#### Introduction
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Tax credits under Part 1 of Tax Credits Act 2002
#### Payments under discretionary trusts.
#### Certain income not to be income of settlor etc.
#### Application to Scotland.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Deemed manufactured payments: further provisions.
#### Supplemental provisions.
### The appropriate percentage
### Car with CO2 emissions figure
### The lower threshold
### Bi-fuel cars
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a post-commencement period
#### The non-qualifying pool
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Nominees, trustees etc.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Revocable settlements allowing release of obligation.
#### Amount of post-commencement supplement for a post-commencement period
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### Amount of post-commencement supplement for a post-commencement period
#### About this Schedule
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Qualifying companies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Arrangements made under old law.
#### Foreign tax on items giving rise to a non-trading credit: intangible fixed assets
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### Supplement in respect of a pre-commencement accounting period
#### Supplement in respect of a post-commencement period
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### “The individual’s contribution to the trade”
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#### Reduction of United Kingdom taxes by amount of credit due.
#### Dividends paid out of transferred profits.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a pre-commencement accounting period
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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#### Special rule for computing chargeable profits.
#### Special rule for computing chargeable profits.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The Arbitration Convention.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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#### Insurance companies carrying on more than one category of business: restriction of credit.
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#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Section 87(2) and (3) and reductions in receipts under ITTOIA 2005
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Liability of non-transferors.
#### Power to modify sections 727A, 730A, 730BB and 737A to 737C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Reduction of United Kingdom taxes by amount of credit due.
#### Interest: special relationship.
#### Section 796: trade income
#### Effect of notice under section 804ZA
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The non-qualifying pool
#### About this Schedule
#### About this Schedule
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Withdrawal of right to tax credit of certain non-resident companies connected with unitary states.
#### Section 796: trade income
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
#### The non-qualifying pool
#### About this Schedule
#### Accounting periods
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Amount of post-commencement supplement for a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Conventional basis: general charge on receipts after discontinuance . . . .
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#### Schemes and arrangements designed to increase relief
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#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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#### Meaning of “asset”, “capital sum” and “lease” for purposes of sections 781 to 784.
#### Section 796: trade income
#### Arrangements made under old law.
#### Reduction of United Kingdom taxes by amount of credit due.
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#### VAT penalties etc.
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#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### Supplement in respect of a pre-commencement accounting period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### Conventional basis: general charge on receipts after discontinuance . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Arrangements made under old law.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of this Act.
#### Qualifying vehicles
#### Introduction
#### Qualifying companies
#### Amount of post-commencement supplement for a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Supplement in respect of a post-commencement period
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying companies
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#### Interpretation of Income Tax Acts.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The pool of qualifying E&A losses and the pool of non-qualifying losses
#### Allowable deductions.
#### Partners: meaning of “contribution to the trade”
#### Partners: meaning of “contribution to the trade”
#### Separate streaming of dividend so far as representing an ADP dividend of a CFC.
#### Territorial sea and designated areas.
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#### Qualifying trade, profession or vocation
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#### The approved amount: passenger payments
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#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Restriction on relief: individuals.
#### Partners: meaning of “contribution to the trade”
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#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Definitions.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Separate streaming of dividend so far as representing an ADP dividend of a CFC.
#### Interest on tax overpaid.
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#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Accounting periods
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 468A
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##### 468A
- (1) In relation to an open-ended investment company the rate of corporation tax for the financial year 2005 and subsequent financial years shall be deemed to be the rate at which income tax at the lower rate is charged for the year of assessment which begins on 6th April in the financial year concerned (and sections 13, 13AA and 13AB shall not apply).
- (2) In this section “*open-ended investment company*” means a company incorporated in the United Kingdom to which section 236 of the Financial Services and Markets Act 2000 applies.
- (3) Each of the parts of an umbrella company shall be regarded for the purposes of this section as an open-ended investment company and the umbrella company as a whole shall not be so regarded (and shall not, unless an enactment expressly provides otherwise, be regarded as a company for any other purpose of the Tax Acts).
- (4) In subsection (3) “*umbrella company*” means an open-ended investment company—
- (a) in respect of which the instrument of incorporation provides arrangements for separate pooling of the contributions of the shareholders and the profits or income out of which payments are to be made to them, and
- (b) the shareholders of which are entitled to exchange rights in one pool for rights in another,
and a reference to part of an umbrella company is a reference to a separate pool.
#### Insurance companies: allocation of expenses etc in computations under Case I of Schedule D.
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#### Qualifying trade, profession or vocation
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Interpretation of the Corporation Tax Acts.
#### Interpretation of the Corporation Tax Acts.
#### Meaning of “research and development”.
#### Meaning of “UK property business” and “overseas property business”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### How averaging claim is given effect
#### How averaging claim is given effect
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### Accounting periods
#### Amount of post-commencement supplement for a post-commencement period
#### The mixed pool of qualifying E&A expenditure and supplement previously allowed
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Meaning of “research and development”.
#### Meaning of “investment LLP” and “property investment LLP”
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Qualifying trade, profession or vocation
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### About this Schedule
#### Amount of post-commencement supplement for a post-commencement period
#### The non-qualifying pool
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2006-03-22
Income and Corporation Taxes Act 1988
2006-01-06
Income and Corporation Taxes Act 1988
2005-12-27
Income and Corporation Taxes Act 1988
2005-12-05
Income and Corporation Taxes Act 1988
2005-11-01
Income and Corporation Taxes Act 1988
2005-10-05
Income and Corporation Taxes Act 1988
2005-09-27
Income and Corporation Taxes Act 1988
2005-08-12
Income and Corporation Taxes Act 1988
2005-08-11
Income and Corporation Taxes Act 1988
2005-08-03
Income and Corporation Taxes Act 1988
2005-07-24
Income and Corporation Taxes Act 1988
2005-07-20
Income and Corporation Taxes Act 1988
2005-06-08
Income and Corporation Taxes Act 1988
2005-04-07
Income and Corporation Taxes Act 1988
2005-04-06
Income and Corporation Taxes Act 1988
original version
Text at this date